SHORTEN YOUR PATH TO EARNING THE COVETED CPA DESIGNATION
Exceptional CPA accredited preparation for your Common Final Examination (CFE)
Direct in-class instruction with CPA designated instructors
Pre-CFE study shortened by 8 months
THE TELFER CPA GRADUATE DIPLOMA HELPS YOU REACH YOUR CPA DESIGNATION FASTER. START THE PROGRAM IN SEPTEMBER 2020 AND WRITE THE CFE IN MAY 2021 (OR SEPTEMBER 2021).
Have questions about this CPA graduate diploma and/or admission requirements? Attend one of our information sessions to meet members of the Recruitment and Admissions team, and learn how the Telfer CPA graduate diploma can help you shorten your path to earning the CPA designation.
Join us for one of our virtual information sessions on Microsoft Teams:
May 11th, 2021 - 12 PM to 1 PM - Register now
To practice as a professional accountant, you’ll need the coveted Chartered Professional Accountant (CPA) designation. A CPA designation provides you with the toolkit of skills and knowledge that are in high demand by top organizations. Being a CPA is about having the designation that gives you the opportunity to build the career you want. It’s your ticket to a world of opportunities in accounting and finance. CPAs are in demand thanks to their financial expertise, strategic thinking, business insight and management skills.
Achieving the CPA designation is quite a challenge! In order to earn your CPA designation, you need to complete:
- 6 CPA Professional Education Program (CPA PEP) modules
- Core 1, Core 2, Elective 1, Elective 2, Capstone 1, Capstone 2
- Common Final Examination (CFE)
- 30 months of practical work experience (CPA Ontario), or 24 months (CPA Quebec)
Completing this graduate diploma will cover Core 1, Core 2, Elective 1 and Elective 2 content in just four months, exempting you from completing this coursework online.
A PROGRAM SPECIFICALLY DESIGNED FOR YOU
The Telfer Graduate Diploma in Chartered Professional Accountancy (Telfer CPA) has been especially designed for our Telfer Bachelor of Commerce Accounting graduates* to help speed up their PEP progress by at least 4 months, and help them pass the Common Final Examination (CFE). The Telfer CPA is an in-class full-time graduate-level one-term Fall program, accredited by CPA Ontario that is taught by CPA-designated instructors. It covers all of the PEP courses up to Capstone 1, giving you Advanced Standing in the PEP program.
*Exceptionally, candidates from other Canadian universities may also be considered.
HOW IT WORKS
The program allows you to work on cases individually and in groups, participate during in-class discussions, and ask questions one-on-one with the professors.
All course work is based on relevant lectures and case analysis, which directly prepares you for the format of the CFE. Each day, you will be exposed to a new case which you will then review in class the following day.
From Monday to Friday, you will attend class from 8:30 a.m. to 11:30 a.m. In the afternoon, it is recommended to use your time for case preparation, case debriefing, and topical readings.
THE TELFER CPA – BENEFITS
COMPARE THE DIFFERENCES BETWEEN THE TELFER CPA GRADUATE DIPLOMA AND THE CPA PEP TO DETERMINE THE RIGHT FIT FOR YOU:
- Core and elective modules completed in four months of full-time studies (saves at least 4 months).
- Monday to Friday from September to December (Fall semester).
- Lectures, team work, and a new case each day (at least 75 CFE-type cases used and discussed in class during the program).
- In-class instruction with CPA designated professors who are PEP-familiar.
- Participation, cases and two exams — a mid-term and a final exam (similar to the format of the CFE).
- Eligible for $1,000 based on undergraduate performance.
- Core and elective modules completed in at least 8 months of part-time studies.
- Self-made schedule during evenings and weekends.
- Module studies consist of online learning, self-study, working in teams, and some use of cases.
- Eight-week online modules for independent study.
- Four-hour final examination at the end of each module, combining style questions and case-based questions.
|Telfer CPA Graduate Diploma||The CPA PEP|
|Both prepare you for the CFE and CPA designation|
TIMELINE OF CPA DESIGNATION STUDIES
The Chartered Professional Accountants’ Professional Education Program (CPA PEP) sets the standard for obtaining your CPA designation.
However, with the Telfer CPA Graduate Diploma, you are able to complete the Core 1 & 2 and Elective 1 & 2 curriculum in our 4-month full-time semester at Telfer and receive Advanced Standing.
CPA STUDIES WITH THE TELFER CPA GRADUATE DIPLOMA & CPA PEP
CPA STUDIES WITH WITH ONLY THE CPA PROFESSIONAL EDUCATION PROGRAM (PEP)
THE TELFER CPA – FEATURES
- Specifically designed for Telfer Bachelor of Commerce Accounting graduates to help speed up PEP progress by at least 4 months.
- Lectures and case-based studies allow you to view highly relevant topics and various cases in preparation for the CFE.
- CPA-accredited program that provides you with Advanced Standing towards Capstone 1 and 2.
- Accredited by CPA Ontario, and recognized by CPA Quebec.
- Study in a small group of approximately 20 students for direct contact with CPA-designated course instructors.
- Strong student experience and networking opportunity.
- Complete in-class full-time studies, taking 5 courses in a four-month semester.
- Take time off of work for only one semester, as compared to two semesters in many other post-secondary programs.
- Program alumni shared that they were well prepared for success on the CFE.
The program offers you five key courses, during a 4-month semester, to deepen your knowledge in the following areas: Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance and Taxation.
The topics cover the CPA PEP’s Core modules 1 & 2 and Elective modules 1 & 2 course. Moreover, the Telfer exams mimic the format of the CFE.
Non-routine accounting transactions, including uncommon capital assets, restructurations, hedge accounting, complex financial instruments, complex note disclosure, and public sector financial reporting. Complex transactions involving consolidation, revenue recognition, stock-based compensation, asset impairments, intangible assets, leases and future income taxes. Emerging trends in financial reporting.
Non-routine engagements related to corporate social responsibility, system design, acquisition, and development to meet information needs, assurance engagements other than traditional financial statement audit including review, compilation, and comprehensive audit engagements. Quality control standards, specialized areas, and public sector. Implications of pending changes in assurance standards.
Environmental scanning, strategy formulation, implementation and evaluation, risk management, sustainable profit maximization, strategic cost management, process improvement methodologies, pricing decisions, international transfer pricing, and special considerations for government and not-for-profit entities.
Determination of taxes payable for corporations in non-routine transactions, evaluation of tax consequences or tax planning opportunities for shareholders and their closely held corporations and for complex corporate transactions, including restructuring transactions, the determination of taxes payable for individuals in non-routine transactions, the evaluation of tax planning opportunities for individuals, including estate planning opportunities, determination of tax consequences for non-residents.
Integration of technical competencies in financial accounting, strategy and governance, management accounting, audit and assurance, finance and to a lesser extent, taxation in realistic professional work situations. Methodological approach to analyze cases in accounting. Business valuation. Professional and ethical behaviour, problem solving and decision making, communication, self-management, and teamwork and leadership.
To be admitted into the program, you must:
- Have completed a bachelor’s degree from a Canadian University (no international equivalencies will be accepted), with a minimum admission average of 6.0 or B (70%) calculated in accordance with Graduate Studies guidelines;
- Have achieved a minimum grade of C (60%) in each of the 24 undergraduate courses listed below or their equivalent;
- Have achieved a minimum average of B+ (75%) in the 24 undergraduate courses listed below or their equivalent.
- COMMON CORE COURSES
- ECO1102 Introduction to Macroeconomics
- ECO1104 Introduction to Microeconomics
- ADM1340 Financial Accounting
- ADM2341 Managerial Accounting
- ADM2303 Statistics for Management
- ADM2304 Applications of Statistical Methods in Business
- ADM2350 Financial Management
- ADM2372 Management Information Systems
- ADM4311 Strategic Management
- OTHER PREREQUISITE COURSES
- ADM2342 Intermediate Accounting I
- ADM3340 Intermediate Accounting II
- ADM3345 Taxation I
- ADM3346 Cost Accounting
- ADM3349 Auditing Theory
- ADM3350 Corporate Finance
- ADM3360 Business Law
- ADM4340 Case Studies in Accounting
- ADM4341 Advanced Auditing
- ADM4342 Seminar in Accounting Theory (prior to fall 2021)
- ADM4343 Data Analytics in Accounting* (from fall 2021)
- ADM4344 Taxation II
- ADM4345 Management Control Systems
- ADM4346 Accounting Information Systems Auditing
- ADM4348 Special Topics in Financial Accounting
- ADM4349 Advanced Accounting
- COMMON CORE COURSES
* Please note that any student that has followed ADM4342 before the fall of 2021 will not be required to follow the new ADM4343 course to be admitted into the Telfer CPA Graduate Diploma in September 2021 or September 2022.
How to Prepare for the Graduate Diploma
To maximise your student experience and that of your peers, you are expected to review the competencies already developed at the undergraduate level, before beginning the graduate program. This is in line with the Self-Management enabling competency included in the Canadian Chartered Professional Accountant Competency Map.
Your self-revision program should take approximately 200 hours and should cover the following courses:
- Financial Accounting: ADM2342 / 3340 / 4348 / 4349
- Management Accounting: ADM2341 / 3346 / 4345
- Auditing: ADM3349 / 4341 / 4346
- Taxation: ADM3345 / 4344
- Finance: ADM2350 / 3350
This self-study program will ensure all students are at a similar level when case studies are undertaken in the diploma courses.
In order to complete your review, the CPA Competency Map Study Notes published by Densmore Consulting Services Inc. might be useful.
“What I liked about the format of this program is that it allowed me to complete the entire CPA educational process within 13 months — from the first modules to Capstone 1, Capstone 2, and then, ultimately, prepared me for success at the CFE.”
- Testimonial by Christiane Bertrand
Telfer BCom Accounting and Telfer CPA Graduate Diploma graduate
Successful CFE writer
Once you obtain your CPA designation, you can elevate your career in accounting. More job opportunities will be open to you in government, private-sector, and industry practice such as in financial institutions, property management, provincial or federal government organizations, consumer-packaged goods and more. You will be prepared for analyst, auditor, controller, and accountant roles with opportunity to grow in your role.
The program tuition fees are approximately $9,500. This amount does not include incidental fees and the cost of books, case materials and any other instructional supplies.
Admission scholarships of $1,000 will be given based on undergraduate academic performance.
Submit your Application
Deadline: June 1st
Please submit your application by the deadline through the Ontario Universities’ Application Centre (OUAC) and start the Telfer CPA Graduate Diploma in September. Then you can write the CFE in the following May, or September.
No documents are required if you completed your Bachelor of Commerce at the Telfer School. If you studied at another Canadian university, you will be required to submit the transcript.