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Professional Accountancy

Available: Winter, Fall

Program Description

CPA Accredited

The School of Accounting and Financial Services' Professional Accountancy (ACY) program is designed to encourage the development of critical thinking and analytical skills. The program helps you to acquire advanced knowledge and competencies in accounting, taxation, assurance, performance management and finance. ACY combined with the accounting stream of courses in the Bachelor of Commerce International Accounting and Finance (IAF) or equivalent has received accreditation by the Chartered Professional Accountants of Ontario (CPA Ontario). CPA accreditation allows successful graduates of the ACY program to complete the core and elective modules of the CPA Professional Education Program (PEP) in four months of rigorous, concentrated study and enter with advanced standing into the CPA PEP Capstone 1 and 2 modules. The program's curriculum will significantly increase knowledge and understanding of the field of accounting ensuring that graduates are well prepared for the CPA PEP Capstone courses and, ultimately to write the National Common Final Examination (CFE).

Seneca's Professional Accountancy program combined with the prerequisites to admission (normally a Commerce degree equivalent to Seneca's IAF Commerce degree) is accredited under the CPA National Recognition and Accreditation Standards for Post-Secondary Institutions. For more information about the accreditation standards, please visit https://www.cpacanada.ca/en/become-a-cpa/pathways-to-becoming-a-cpa/national-education-resources.

Apply Online

We accept applications from international students who are in Canada and have a current/valid Study Permit. If you are planning to apply for a Post-Graduation Work Permit in Canada, you must meet with an immigration consultant before applying to this program as it may affect your eligibility.

Campus

Duration

1 Semester (4 Months)

Credential Awarded

Seneca College Certificate

Pathway to the CPA Designation

Please Note: This program is not funded by the Ministry, and is not eligible for OSAP.

Students who have completed a 120 credit-hour Bachelor of Commerce degree that is substantially equivalent to the Seneca IAF degree and with a major in accounting that meets CPA's prerequisite subject area coverage for admission to PEP will have the opportunity to pursue the CPA designation by combining their degree with the Professional Accountancy graduate program. This 15-week program will take you directly to the Capstone 1 module, with exemptions from Core 1, Core 2, and the Elective modules of the CPA PEP.

For more information about the CPA designation and its educational requirements, please visit www.cpaontario.ca/.

For Programs within the School of Accounting and Financial Services, the CPA policy of a ten-year course currency of education is applied as part of the Seneca Life of a Credit (academic policy), and credits completed more than 10 years prior to an application for transfer credit or equivalency will not be considered.

Related Careers

Admission Requirements

ACY is a certificate program at the graduate level and acceptance into the program is a competitive process. Minimum admission requirements include completion of the CPA-Accredited stream in Seneca's Bachelor of Commerce – International Accounting and Finance (IAF) degree, or equivalent, with a minimum grade of 60% in each the non-core courses and a minimum 65% in each of the core courses and overall average of 70% being calculated on the core courses (listed below). Please note that meeting minimum admissions requirements does not guarantee admission to the program.

Students who wish to enter this program having completed a degree at another post-secondary institution (i.e. applicants that have not completed the Seneca Bachelor of Commerce- IAF program) may be granted admission following a review of their official transcript(s) and supporting documentation (including course outlines) to verify that the courses completed developed the equivalent competencies to those developed in the IAF stream of core and non-core courses and that the minimum grade requirements have been met.

In addition to past academic performance admissions decisions may take into consideration personal qualities including leadership experience and abilities, communication skills, motivation, demonstration of perseverance and resilience during academic studies, as well as and commitment to the larger community and the accounting profession.

Summary of Required Application Documents

Seneca IAF Graduates:

  • Two reference letters provided by faculty members teaching core courses.
  • Statement of interest (maximum 500 words)
  • Resume

Other Canadian Applicants:

  • Official transcripts (you may email a copy with your application but we will need original sealed transcripts)
  • Two reference letters provided by faculty members from your program
  • Statement of interest (maximum 500 words)
  • Resume

Note: If your degree in accounting is from outside of Canada you must provide a course-by-course evaluation from World Education Services (WES)

International Applicants:

  • Official transcripts (you may email a copy with your application but we will need original sealed transcripts)
  • A copy of your current/valid Study Permit
  • Two reference letters provided by faculty members from your program
  • Statement of interest (maximum 500 words)
  • Resume

Note: If your degree in accounting is from outside of Canada you must provide a course-by-course evaluation from World Education Services (WES)

Prerequisite Requirements

Students must complete the CPA-accredited stream of courses in the IAF degree, or equivalent, with a minimum 65% grade in each of the core courses and 60% grade in each of the non-core courses. A GPA of 3.0 or higher in the core courses is required.

Core Courses

  • IAF310: Intermediate Financial Accounting I
  • IAF330: Finance
  • IAF410: Intermediate Financial Accounting II
  • IAF530: Management Accounting – Intermediate
  • IAF320: Income Tax I
  • IAF520: Auditing
  • IAF420: Income Tax II
  • IAF620: Financial Management
  • IAF710: Advanced Financial Accounting
  • IAF831: International Strategic Management

Non-Core Courses

  • BAB140: Introduction to Financial Accounting
  • BAB210: Business Statistics
  • BAB231: Introduction to Business Law
  • BAB240: Management Accounting
  • IAF340: Business Information Systems
  • LSP240: Micro Economics – Theory and Practice
  • LSP340: Macroeconomics – Theory and Practice

 

Program Details

The Degree and Credit Transfer Office provides a number of services for students continuing their education at Seneca, and for graduating students considering degree transfer options.

Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at various post-secondary institutions. Please refer to the Degree Transfer Guide for more information.

Transfer Credit may be granted for courses deemed equivalent to courses at Seneca that have been completed at recognized postsecondary institutions. Additional information is available online.

Please take a few moments to view Important Academic Dates for your relevant term.

Please select the curriculum from the Academic Year in which you started (or will be starting) your studies. An Academic Year begins in September and ends in August of the following year.

Admissions

Need to know more about your application and/or the application process? Reach out to our admissions advisors for assistance.

Domestic
416.491.5050 ext. 22840 Admissions@senecacollege.ca
International

Student Recruitment

Have questions about Seneca’s campuses, financial aid, student supports and more? Connect with one of our student recruiters for more information or to book a campus tour.

Domestic
416.491.4660
student.recruitment@senecacollege.ca
International
416.491.5050 ext. 22608
Seneca.International@senecacollege.ca
Additional Contacts
Financial Aid & Awards

Program Coordinator

Jamison (Jamie) Aldcorn 416.491.5050 ext. 26570 Jamison.Aldcorn@senecacollege.ca

Program Chair

Karen Murkar 416.491.5050 ext. 22337 Karen.Murkar@senecacollege.ca

Why Choose Seneca?

Passionate, expert faculty from a range of professions


Real-world learning experiences through paid and non-paid work opportunities


Curriculums developed in collaboration with industry advisory committees


A variety of credentials offered from certificates, diplomas, degrees, and graduate certificates


Opportunities to pathway to higher level credentials at Seneca and other universities in our transfer partnership network