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Graduate Diploma in Chartered Professional Accountancy

Graduate Diploma in Chartered Professional Accountancy

The Graduate Diploma in Chartered Professional Accountancy is a program designed by the Telfer School of Management of the University of Ottawa, for students who want to get a head start earning the Chartered Professional Accountant (CPA) designation with advanced standing.

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.

The CPA is a one-term graduate program with limited enrolment, providing the opportunity to 40 students from the English Telfer BCom program and 40 students from the French Telfer BCom program every year to undertake their graduate studies in accounting. Exceptional candidates from other universities might also be considered within this limited enrolment. 

CPA Ontario Accredited Program

The Graduate Diploma in Chartered Professional Accountancy is accredited by CPA Ontario for advanced standing in the CPA Professional Education Program (PEP) to Capstone 1. It will be officially launched in September 2017.

The CPA Professional Education Program (PEP) has identified the entry level of knowledge required for all competencies in accounting-related disciplines. The PEP consists of core modules that include six integrated core competency areas (Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance and Taxation). The PEP also includes elective modules that extend the competencies in Assurance, Performance Management, Finance and Taxation. These core and elective modules are followed by two capstone integrative modules preparing candidates for the Common Final Examination (CFE).  In sum, the CPA PEP includes core modules and electives modules leading to capstone integrative modules preparing students for the CFE. Our program will cover the core modules and the elective modules in Assurance, Performance Management and Taxation. 

CPA

For more information about CPA PEP, please visit the CPA Ontario website.

Enriching Student Experience

You will share the classroom with motivated fellow students who, just like you, have demonstrated a high level of performance at the undergraduate level. Engaging professors will use cases in the Program’s courses, giving you experience with practical applications in preparation for your CFE and professional career. Smaller class size means you and your peers benefit maximally from individualized attention in the classroom.

Convenient Course Schedule

All five courses are offered during the Fall term (September to December). Offered intensively, it will not be possible to work whilst enrolled in the five courses, nor to take the courses on a part-time basis – they are offered only once a year. The one-term schedule, however, does allow you to go back to work while completing Capstone Modules 1 and 2 with CPA Ontario, and to ultimately write the CFE in September. This schedule allows you to complete the CPA PEP within 13 months. It is worth noting that it would normally take you two years to complete the PEP part-time, as offered by CPA Ontario.   

Course Descriptions

The program offers you five key courses to deepen your knowledge in Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance and Taxation:

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.

Admission Requirements

To be admitted into the program, you must:

  • Have completed a bachelor’s degree from a Canadian University, 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.
     
    • ADM1340 Financial Accounting
    • ADM2303 Statistics for Management
    • ADM2304 Applications of Statistical Methods in Business
    • ADM2341 Managerial Accounting
    • ADM2342 Intermediate Accounting I
    • ADM2350 Financial Management
    • ADM2372 Management Information Systems
    • ADM3340 Intermediate Accounting II
    • ADM3345 Taxation I
    • ADM3346 Cost Accounting
    • ADM3349 Auditing Theory
    • ADM3350 Corporate Finance
    • ADM3360 Business Law
    • ADM4311 Strategic Management
    • ADM4340 Case Studies in Accounting
    • ADM4341 Advanced Auditing
    • ADM4342 Seminar in Accounting Theory
    • ADM4344 Taxation II
    • ADM4345 Management Control Systems
    • ADM4346 Accounting Information Systems Auditing
    • ADM4348 Special Topics in Financial Accounting
    • ADM4349 Advanced Accounting
    • ECO1102 Introduction to Macroeconomics
    • ECO1104 Introduction to Microeconomics

How to Prepare for the Graduate Diploma

To maximise your own student experience and that of your peers, we expect you 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 and 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. They can be ordered from http://dcscpa.com/CPA-Resources/CPA-Competency-Map-Study-Notes.

Program Fees

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

Admission scholarships of $1,000 will be given based on undergraduate academic performance.  

Submit your Application

Please submit your application by April 1st  through the Ontario Universities’ Application Centre (OUAC).

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