Overview

CPA Ontario has advised that the Advanced Certificate in Accounting & Finance (ACAF) program will be discontinued. Select applied courses will be offered online in Fall 2019 and Winter 2020 only. For more information, students should email poh.tan@senecacollege.ca

Should you wish to complete the ACAF program you still will have three more opportunities to write the national ACAF examination. The exams will be held in September 2019, January 2020 and February 2021. No further exams will be offered after the February 2021 exam. More information is available at CPA Ontario website

Entry Requirements

  • Ontario university/college degree or college diploma or equivalent
    OR
  • Mature students with three years of related work experience
    AND
  • The prerequisite courses of CPA's Advanced Certificate in Accounting and Finance (ACAF) program
  • English proficiency at the college level

Applicants with credentials from outside of Canada must provide a World Education Services (WES) course-by-course evaluation.

Prerequisite (entry) courses marked with an (*) require a minimum grade of 60% and must be completed within 10 years prior to admission to ACAF

 
ACAF Entry Courses Seneca Equivalency
Introductory Financial Accounting ACC120 and ACC220
Introductory Management Accounting ACC431
Intermediate Financial Reporting I* ACC415
Intermediate Financial Reporting II* ACC517
Business Law ALW380

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Courses

Applied Courses

ACA210
Ethics and Workplace Skills
Availability
 

Prerequisite(s):

All entry and technical courses must have been completed before taking Ethics and Workplace Skills.
Permission from the Program Coordinator is required.

This foundational course introduces students to the ACAF Method, which is the problem-solving approach used throughout the applied courses. This framework underscores the importance of business and accounting ethics. Other workplace skills are integrated into the course, with special attention given to communication, as students apply the framework to various scenarios typically encountered by those working in mid-level accounting and related positions.




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ACA220
Business Applications - APP
Availability
 

Prerequisite(s):

All entry and technical courses must have been completed before taking this course.
In addition, you must have completed the Ethics and Workplace Skills course (or be taking it concurrently).
Permission from the Program Coordinator is required for entry.

This course requires students to apply the ACAF Method to a single comprehensive business scenario. Each week, the business scenario will require students to demonstrate a different combination of technical skills acquired through the technical application courses, along with workplace skills such as the following: communication, routine problem solving, personal management and teamwork, management and analysis of information, and ethics.
The scenario deals with financial accounting, management accounting, finance, taxation, audit and information systems issues, providing practice in these technical areas through the application of the ACAF Method. Working both individually and in groups, students will incorporate material from prerequisite courses and continue to refine their workplace skills.




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ACA230
Applied External Audit
Availability
 

Prerequisite(s):

All entry and technical courses must have been completed before taking this course.
In addition, you must have completed the Ethics and Workplace Skills course (or be taking it concurrently).
Permission from the Program Coordinator is required for entry.

Applied External Audit is an elective course that builds on the technical components from previous auditing courses, focusing on external audit issues. The course assumes that students are familiar with the material related to the first two stages of an audit - acceptance/continuance and audit planning - and will focus on the last two stages - execution and reporting.




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ACA240
Applied Personal and Corporate Taxation - EPT
Availability
 

Prerequisite(s):

All entry and technical courses must have been completed before taking this course.
In addition, you must have completed the Ethics and Workplace Skills course (or be taking it concurrently).
Permission from the Program Coordinator is required for entry.

Applied Personal and Corporate Taxation emphasizes the application of personal and corporate tax concepts in the preparation of tax returns for individual and corporate clients. The purpose of this course is to produce a mid-level accountant with tax skills who is able to function in environments of low to mid-level complexity with low levels of uncertainty. The course will focus on applied knowledge, using authentic business scenarios that require students to demonstrate the application of technical knowledge. Excel and other applications such as ProFile tax software will be integrated in the course material and in assessments to help develop the accounting and other practical skills needed in the marketplace, and workplace skills (communication, managing and analyzing information, solving routine problems and effectively promoting personal management and teamwork) are emphasized.




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OSAP Funding Available

This program is eligible for OSAP funding.

Course load is used by OSAP to determine funding options for programs.

If you are taking 1 - 2 courses at the same time, you may be considered for part-time student grants and loans.

  • 1 course (20%)
  • 2 courses (40%)

If you are taking 3 or more courses at the same time, you may be considered for full-time student grants and loans.

  • 3 courses (60%)
  • 4 courses (80%)
  • 5 courses (100%)

To find out if you qualify and to learn how to apply, please visit the OSAP website.

For information on other awards and financial assistance, please see Financial Aid.

Program Contacts

Contact us via this form or using the phone number(s) below it.





Terry Wood
Program Assistant

416-491-5050 ext.22501


Poh Tan
Academic Program Manager

416-491-5050 ext.26626