Master of Accounting & Diploma Programs

Transcription

1 Master of Accounting & Diploma Programs Information Guide 2015

2 IMPORTANT DATES Fall 2014 October Deadline to submit Diploma Application to SAF Office (HH 3157) October Deadline to apply to MAcc through OUAC October Deadline to complete LEARN Winter course selection quiz November Quest course enrolment for Winter term opens December 1... Deadline to submit Undergrad Intent to Graduate Form to Registrar s Office December Winter Term Fees Due Winter 2015 January 5... Winter Term Lectures Begin January Deadline to complete LEARN Spring course selection quiz February Reading Week April 3... University closed Good Friday April 6... Winter Term Lectures End April MAcc/Diploma Examination Period Spring 2015 April Spring Term Fees Due May 4... Spring Term Lectures Begin May University closed Victoria Day July 1... University closed Canada Day July Spring Term Lectures End July 27-July MAcc Examination Period August 3... University closed Civic Holiday Information contained in this Guide is subject to change.

3 Making Informed Decisions As a UW undergraduate accounting student considering the Diploma or the MAcc Program, you have many important decisions to make. This Guide provides you with most of the information you will need to make informed decisions about these programs, but you should also attend the Program and Information sessions, speak to faculty who teach in these programs, and talk to alumni who have made these decisions in prior years. As you are aware, the Canadian accounting profession has undergone major change recently, with CAs, CMAs, and CGAs uniting under the Chartered Professional Accountant (CPA) designation (see the CPA Canada website for more information). The unification process has resulted in new pathways to the Common Final Evaluation (CFE) and CPA designation, while still allowing students to have the CA designation tagged on to their CPA if certain conditions are met. Most importantly, as CPA-Accredited programs, the UW undergraduate/macc degree combination still provides direct access to the CFE for successful graduates. Full details of the new pathways and CA tagging are provided in this Guide, so please be sure to read it thoroughly and carefully so that you understand all of your options. As Directors of the Diploma and MAcc programs, we are keen to uphold the high standards of both programs and will provide you with whatever assistance you may need to make informed decisions about these programs. If you have questions about admission or course selection issues, you should direct them to Julie at the address below. Any issues of a purely administrative or clerical nature should be directed to Karen Schooley, the Graduate Studies Co-ordinator ([email protected]). All other queries can be directed to Greg at the address below. All the best in your 2015 program! Greg Berberich, CPA, CA, PhD Director MAcc & Diploma Programs [email protected] Julie Robson, CPA, CA, MAcc CPA (Illinois) Associate Director, Admissions MAcc & Diploma Programs [email protected]

4 MAcc & Diploma Program Information Guide Table of Contents Overview of Programs... 1 Admission & Degree Requirements... 8 Information Application & Selection Tuition and Scholarships This PDF also contains numerous bookmarks to facilitate navigation through its contents.

5 Overview of Programs 1

6 THE MACC PROGRAM PROGRAM OVERVIEW The MAcc is a professional degree designed to combine the exploration of career interests with preparation for the CFE. Students with a specific career interest may select courses that provide them with a head start on this career. Students without a specific career interest may take courses in several practice areas to determine which careers they might like to pursue. All MAcc students must take five courses that develop the technical and enabling competencies needed to pass the CFE and obtain the CPA designation. The MAcc program is accredited by CPA Canada, so students who successfully complete the program may proceed directly to the September 2015 CFE. Career Paths The MAcc program is designed to combine professional accounting career interests with preparation for the CFE. Some students considering the MAcc program may have already identified a particular career path by the end of their undergraduate program, whereas others may still be uncertain about the accounting career they want to pursue. The MAcc program offers benefits to both groups. Students who have determined a particular career path can select courses that will develop the competencies required for success in their chosen career. Students considering a career as part of the management team of an organization can, for example, take courses that will expand their knowledge of contemporary management issues, assist them in designing and implementing incentive systems, improve their financial statement analysis competencies, or expand their ability to develop and execute profitable business models. Students who are less certain about their careers can select courses that will provide them with exposure to a variety of practice areas, such as forensic accounting, tax or business valuations, to determine the practice areas they would like to pursue upon completing the MAcc. The Information section of the Guide provides some guidance on selecting courses pertaining to specific designations and careers. 2

7 THE MACC PROGRAM PROGRAM OVERVIEW MAcc Pathways to a CPA(, CA) Designation The 2015 MAcc program has been accredited by CPA Canada, which provides students holding an MAcc degree with direct access to the CFE. Within the MAcc program, however, there are four distinct pathways to the CFE and, ultimately, to a CPA designation, possibly with a CA designation tagged on to it. These pathways are described briefly below and the decision tree on the next page helps you determine which of these pathways you are eligible to follow, along with the MAcc courses you must take for each pathway. The 51-Credit-Hour Pathways Any MAcc student with a grade less than 60 in any CPA-required undergraduate course completed after April 30, 2014 (see next page for list of courses) must follow one of the two 51CH pathways through the MAcc. All other MAcc students may follow one of the two other pathways in the next subsection. The 51-Credit-Hour-CA/Public Accounting (51CH-CA/PA) Pathway: Students who fall in the above category must follow this pathway if they want to (1) be eligible for a Public Accounting Licence or (2) be eligible to have the CA designation tagged on to their CPA designation, which also requires employment with an Approved Training Office by January 31, The 51-Credit-Hour-CPA (51CH-CPA) Pathway: Students who follow this pathway will receive a CPA designation, but will not be eligible for either a Public Accounting Licence or a CA tag. The CA/PA and CPA Pathways The CA/Public Accounting (CA/PA) Pathway: Students must follow this pathway if they want to (1) be eligible for a Public Accounting Licence or (2) be eligible to have the CA designation tagged on to their CPA designation, which also requires employment with an Approved Training Office by January 31, The CPA Pathway: Students who follow this pathway will receive a CPA designation, but will not be eligible for either a Public Accounting Licence or a CA tag. 3

8 THE MACC PROGRAM PROGRAM OVERVIEW MAcc Pathways Decision Tree 4

9 THE DIPLOMA PROGRAM PROGRAM OVERVIEW IMPORTANT NOTE: The SAF has been accredited by CPA Canada to offer a Graduate Diploma in Accounting, but this new Diploma program has not yet been approved by UW Senate or by the Ontario Ministry of Colleges and Universities, so it cannot be offered as an option to students at this time. All references to the Diploma or the Diploma program in this Guide refer to UW s legacy Post-Baccalaureate Diploma program, which is not a graduate-level program and is not accredited by CPA Canada. The UW Post-Baccalaureate Diploma in Accounting provides students with the courses they need to gain exemptions from much of the coursework required in the new CPA Canada Professional Education Program (PEP). Students who successfully complete the Diploma courses and meet CPA Ontario s minimum 51-credit-hour requirements (see table on next page) will be exempted from the coursework involved in the two Core modules and the Assurance and Tax Elective modules of the PEP, allowing them to simply challenge the exam for each of these four modules before proceeding to complete the two Capstone modules of the PEP and then challenging the new CPA Common Final Exam (CFE). Students who follow this path can reach the CFE by May 2016 at the earliest, although September 2016 is more likely (beginning in 2016, the CFE will be offered twice a year in May and September). The Diploma Program was designed for students who did not want to complete or could not gain admission to the Master of Accounting Program. It allowed aspiring CA students to complete the ICAO s legacy 51-credit-hour (51CH) requirements and then proceed to the now-defunct Core Knowledge Exam and School of Accountancy before challenging the UFE. As such, the program was not designed with the new CPA PEP or CFE in mind and except for slight alterations, CPA Ontario will not allow changes to it. Prerequisite Undergraduate s Students who wish to enroll in the Diploma program must have successfully completed the following 15 51CH courses as part of their undergraduate degree: AFM 102, 231 (or MTHEL 100 or COMM 231), 271 (or 272), 291, 341 (or CS 330), 361, 371 (or 372), 391, 401, 451, 461, 481, 491, and ECON 101 and 102. Non-MAcc Pathways to a CPA(,CA) Designation The decision tree that follows the next page presents the four pathways to the CFE that are available to students who do not want to or are ineligible to complete the MAcc program. As the tree shows, the Diploma makes sense only for two groups of students, all of whom should also have a reasonable chance of achieving CPA Ontario s required minimum average of 70% across all 19 51CH courses (the 15 above plus the four Diploma courses) upon completion of the program, which based on past experience means they should have at least a 69% average across the 15 51CH courses listed above. The two groups who should consider the Diploma are: 1. Students who will be eligible for and want to obtain the CPA, CA designation rather than the CPA designation only. To be eligible for the CA tag on your CPA designation, you must be registered as a legacy CA student with CPA Ontario by January 31, 2015, which requires that you have secured ATO employment by this date or have had ATO employment in the past and maintained your student registration in good standing up to this date. Students in this group must follow the Diploma-CA Pathway to the CFE. 5

10 THE DIPLOMA PROGRAM PROGRAM OVERVIEW 2. Students who have a grade below 60 in any of the 17 undergraduate courses required by CPA Canada for entry to the PEP program (see list in bottom-left corner of tree), regardless of when the course was completed (the April 30, 2014 cut-off date applies only to students who are proceeding to the CFE through a CPA-accredited graduate program such as the MAcc). Students in this group must take the Diploma-CPA Pathway to the CFE or will otherwise have to take the PREP/PEP Pathway, which requires you to retake the courses with grades below 60 or take the equivalent CPA PREP courses before being eligible for entry to the full PEP. Students not in one of these two groups are strongly advised to follow the PREP/PEP Pathway (if you have any CPA-required courses below 60) or the PEP Pathway rather than follow one of the two Diploma pathways to the CFE. 6

11 THE DIPLOMA PROGRAM PROGRAM OVERVIEW Non-MAcc Pathways Decision Tree 7

12 Admission & Degree Requirements 8

13 ADMISSION & DEGREE REQUIREMENTS Admission Requirements - MAcc Program Admission to the MAcc program requires ALL of the following: 1. Successful completion of one of the following University of Waterloo undergraduate degrees by no later than February 1, 2015: Bachelor of Accounting and Financial Management BMath Chartered Professional Accountancy Studies, or BSc in Biotechnology Chartered Professional Accountancy Studies 2. Achievement of at least a 75% average (calculated with rounding) in the last two years of the undergraduate program above. This admission average is calculated using the grades obtained in all courses completed beginning in the 3A term and ending in the term immediately preceding commencement of the MAcc program. Where a course has been repeated, grades from all attempts will be included in the calculation of this admission average. 3. Achievement of at least a 75% average (calculated with rounding) in the following set of courses. Where a course has been repeated, the grade obtained in the student s first attempt at the course will be included in the calculation of this admission average. Students who took any of the following courses at an institution other than UW must include with their MAcc application an official transcript from the other institution that provides details of the course(s) taken and the grade(s) received. AFM 331 AFM 341 or CS 330 AFM 361 AFM 431 or PHIL 215 AFM 451 AFM 481 AFM 491 AFM 401 AFM 461 AFM 482 AFM 471 or AFM 476 AFM 411 9

14 ADMISSION & DEGREE REQUIREMENTS Conditional Admission Offers MAcc Program Once all MAcc applications have been received and reviewed, conditional offers of admission will be made to all applicants meeting both of the following requirements: 1. Achievement of at least a 75% average (calculated with rounding) across all courses completed between and including the student s 3A term and the Spring 2014 term. Where a course has been repeated, grades from all attempts will be included in the calculation of this admission average. 2. Achievement of at least a 75% average across all courses in the list below that have been completed by the time of application to the program. Where a course has been repeated, the grade obtained in the student s first attempt at the course will be included in the calculation of this admission average. Students who took any of the following courses at an institution other than UW must include with their MAcc application an official transcript from the other institution that provides details of the course(s) taken and the grade(s) received. AFM 331 AFM 341 or CS 330 AFM 361 AFM 431 or PHIL 215 AFM 451 AFM 481 AFM 491 AFM 401 AFM 461 AFM 482 AFM 471 or AFM 476 AFM 411 Students who have not received a numerical grade in at least five of these courses by the time of application will be deemed to have not met this requirement. All students who do not receive a conditional offer of admission will be considered for admission once all 4B grades are final. 10

15 ADMISSION & DEGREE REQUIREMENTS Degree Requirements MAcc Program To receive an MAcc degree, students must: 1. Achieve a grade of at least 60% in each MAcc course and a minimum overall average of 75% in all eight MAcc courses (calculated without rounding). AND 2. Complete the online Graduate Academic Integrity Module (Graduate AIM). At the conclusion of the winter term, a panel of SAF faculty is convened to conduct a review of each MAcc student whose cumulative average is below 75%. These students may be given the opportunity to proceed to the spring term if, in the opinion of the review panel, they have a reasonable prospect of achieving the degree requirements upon completion of the spring term. Any student who is deemed not to have a reasonable prospect of satisfying the degree requirements by the end of the spring term will be required to withdraw from the MAcc program. Students who do not satisfy MAcc degree requirements in 2015 are not eligible to challenge the CFE. These students will be eligible to complete the CPA PEP program with the exemptions available to Diploma students if they meet the PEP exemption requirements detailed in the Graduation Requirements Diploma section of this Guide, which appears two pages after this one. Students who do not meet the PEP exemption requirements must complete the full CPA PEP program. 11

16 ADMISSION & DEGREE REQUIREMENTS Admission Requirements Diploma Program Admission to the Program requires successful completion of one of the following University of Waterloo undergraduate degrees: Bachelor of Accounting and Financial Management BMath Chartered Professional Accountancy Studies, or BSc in Biotechnology Chartered Professional Accountancy Studies AND successful completion of the following 15 51CH courses: AFM 102, 231 (or MTHEL 100 or COMM 231), 271 (or 272), 291, 341 (or CS 330), 361, 371 (or 372), 391, 401, 451, 461, 481, 491, and ECON 101 and 102. Applicants to the Diploma program who have not met all their undergraduate degree requirements by the end of the fall term preceding commencement of Diploma studies may be permitted to complete their undergraduate degree and Diploma concurrently. Admission on this basis is limited to those who have no more than the equivalent of one undergraduate course outstanding in meeting their undergraduate degree requirements and requires the approval of both the Undergraduate Officer and the Associate Director. Special permission will be granted based on an assessment of whether the applicant has a reasonable prospect of completing the requirements of both programs in the winter term. Applicants given admission on this basis should note that accommodations for any conflicts (particularly with respect to exam scheduling) in the Diploma program arising from their enrolment in non-diploma program courses cannot be made. 12

17 ADMISSION & DEGREE REQUIREMENTS Graduation Requirements Diploma To receive a Diploma in Accounting, students must achieve a grade of at least 50% in each Diploma course and a minimum overall average of 72% in the four Diploma courses (calculated without rounding). Note that the Diploma is not required for the PEP exemptions or for entry to the PEP, so students who do not satisfy the Diploma requirements may still be eligible for the exemptions or for PEP entry (see below for PEP exemption and entry requirements). PEP Exemption Requirements To be eligible for the PEP exemptions available to Diploma students, you must have (1) a cumulative average of at least 70% in the CH courses below and (2) a 50% passing grade in each course (the minimum-60% rule for CPA-required courses does not apply to 51-CH students who satisfy the preceding two criteria). The 19 courses included in the 51 credit hours are: AFM 102, 231 (or MTHEL 100 or COMM 231), 271 (or 272), 291, 341 (or CS 330), 361, 371 (or 372), 391, 401, 451, 461, 481, 491, 501, 502, 503, 504, and ECON 101 and 102. PEP Entry Requirements Diploma students who fail to meet the above requirements must meet the requirements for entry to the full PEP if they still wish to pursue a CPA. The full PEP entry requirements consist of: (1) completion of an undergraduate degree, (2) a cumulative average of 65% in the 17 CPA-required courses listed below, and (3) a minimum grade of 60% in each course listed below, regardless of when it was completed (the April 30, 2014 cut-off date applies only to students who are proceeding to the CFE through a CPAaccredited graduate program such as the MAcc). Diploma students who do not meet these requirements will either have to retake the courses with grades below 60 or take the equivalent CPA PREP courses before being eligible for entry to the full PEP. AFM 231 or MTHEL 100 or COMM 231 AFM 271 or 272 AFM 291 AFM 331 AFM 341 or CS 330 AFM 361 AFM 371 or 372 AFM 391 AFM 401 AFM 451 AFM 461 AFM 481 AFM 482 AFM 491 ECON 101 ECON 102 STAT 211, 231 or 241 or ECON

18 OTHER MAcc/DIPLOMA PROGRAM POLICIES Academic Integrity All MAcc and Diploma students are subject to UW s Academic Integrity policies, which can be found under Policy 71 at the UW Secretariat s website. Missing Final Exams for Valid Reasons Students should note that while UW's examination policy does allow certain valid reason for missing a final examination, it does not automatically entitle a student to an alternate exam before the end of the program year (See UW s Exam Regulations at the Registrar s website for more information.). Because it is not possible to set, administer, and grade a deferred final exam by the end of the program year, completion of the MAcc/Diploma degree requirements is effectively deferred by one year for any students missing a final exam for a valid reason. Section Assignments Students enrolled in courses with multiple sections must attend the section in which they are registered, unless they receive prior instructor approval to attend another section due to an acceptable, non-recurring conflict. Communicating with Students All program-related is sent to address. If you wish to have redirected to another address, please refer to the mail-forwarding guidelines at UW s Official Student Address webpage. 14

19 Information 15

20 THE MACC PROGRAM COURSE INFORMATION MAcc s MAcc course offerings fall into three categories: CPA-Required s ACC 610 Professional Accounting Practice ACC 611 Financial Reporting with Integration ACC 680 Management Accounting, Strategy and Finance All students pursuing a CPA designation must take these three courses. CPA-Elective s ACC 607 Tax Issues Integration ACC 650 Assurance and Governance ACC 685 Performance Management ACC 690 Corporate Financial Management All students pursuing a CPA designation must take two of these courses and can take as many as three. Students following the CA/PA or 51CH-CA/PA pathway through the MAcc must take ACC 607 and ACC 650. Students following the 51CH-CPA pathway must take ACC 650. All other CPA students may choose any of the electives. MAcc-Elective s ACC 605 International Tax ACC 606 Business Valuations ACC 609 Financial Statement Analysis ACC 621 Core IT Concepts for Accountants ACC 622 Electronic Commerce ACC 623 Business Technology Law - IT Challenges & Opportunities ACC 626 Information System Assurance & Computer-Assisted Auditing ACC 652 Forensic Accounting ACC 662 Tax Policy & Working with the CRA ACC 690 Professional Judgement ACC 690 Tax for the CFO Students who take two CPA-Elective courses must take three MAcc-Elective courses, while those who take three CPA-Elective courses must take two MAcc-Elective courses. All students following a 51CH pathway through the MAcc must include ACC 621 as one of their MAcc-Elective courses, so can take only two CPA-Elective courses. The table on the next page provides key details on these course offerings and also suggests which elective courses to consider if you are interested in a particular career path. The pages following the table provide descriptions of each course. 16

21 MAcc Offerings Winter MAcc s # of Sections Instructors Elective Suggestions by Sample Career Paths Controller Taxation Corp. Finance Assurance Info Systems CPA-Required s ACC 611 Financial Reporting w/ Integration 5 Weidman 2/Mann 3 ACC 680 Mgt. Accounting, Strategy & Finance 5 Libby 3/Vanden Bosch 2 CPA-Elective s (must take 2 of these) ACC 607 Tax Issues Integration* 5 Robson 4/Rockx 1 X ACC 650 Assurance & Governance* 5 Pomeroy/Wainberg X ACC 685 Performance Management 2 Webb 2 X ACC 690 Corporate Financial Management 2 Hayes 2 X X MAcc-Elective s ACC 621 Core IT Concepts for Accountants** 1 Datardina X X X ACC 622 Electronic Commerce 1 Boritz X ACC 652 Forensic Accounting 1 Robinson X Spring MAcc s CPA-Required ACC 610 Professional Accounting Practice 5 Berberich MAcc-Elective s ACC 605 International Tax 1 TBD X ACC 606 Business Valuations 4 Vert X X X ACC 609 Financial Statement Analysis 3 Chen X X ACC 623 Business Technology Law 1 Charters X ACC 626 IS Assurance & CAATs 1 IV X X ACC 662 Tax Policy & Working with the CRA 1 Macnaughton X ACC 690 Tax for the CFO 1 Lin X X ACC 690 Professional Judgement 1 Boritz * CA/PA and 51CH-CA/PA pathway students must take these two CPA-Elective courses. ** All students following one of the 51CH pathways must take this MAcc-Elective course. 17

22 CPA-Required s 18

23 ACC 610 Professional Accounting Practice CPA-Required Faculty: Term Offered: Greg Berberich and various Group Facilitators Spring Career Relevance Overview and Objectives This course is required for all students pursuing a CPA designation. It will be used to deliver CPA Canada s Capstone 1 module and will also provide extensive exam-writing practice to prepare students for all three days of the CFE. Group Case Component The first day of the CFE consists of one large case featuring the same company that is the subject of CPA Canada s Capstone 1 module, which consists solely of a major group case analysis with a related written report and oral presentation. One significant component of ACC 610 is the direct delivery of this Capstone module. Per CPA Canada s Capstone 1 guidance, this module s primary objectives are to: 1. Continue the development of candidates' enabling competencies, particularly their teamwork and leadership, professional and ethical behaviour, problem-solving and decision-making, and communication competencies; 2. Simulate an authentic business problem, including gathering and evaluating relevant information, developing a written report, and preparing an oral presentation suitable for delivery to a board of directors or senior management team; 3. Prepare candidates for the Common Final Examination, particularly Day 1, which will draw on both the content and the skills developed in Capstone 1; 4. Continue the development of candidates' integration of technical competency areas; and key aspects of the module include: a significant written report that simulates a report to a board of directors or team of senior executives an oral team presentation that simulates a presentation to a board or team of senior executives structured time for questions and answers that simulates a question period from a board or team of senior executives individual reflections and peer evaluations. Each group will be assigned an outside facilitator who will provide guidance (not solutions!) as the group completes its work. 19

24 ACC 610 Professional Accounting Practice Overview and Objectives (continued) Individual Exam-Writing Component This component of the course will provide extensive opportunities to finetune the competencies required for success on the CFE. Its broad objectives are to: 1. Continue your development of the CPA Competency Map s enabling competencies, particularly your written communication and selfmanagement competencies; 2. Continue the development of your ability to draw on and integrate knowledge from the CPA Competency Map s six technical competency areas; 3. Prepare you for the various types of cases you will encounter across all three days of the CFE. These objectives will be accomplished using weekly practice exam-writing sessions, in-class debriefing of cases, peer evaluations, and formal case examinations. Materials Proposed Evaluation and Workload All required materials will be distributed via the course website. The CPA Handbook and Canadian Income Tax Act will also be important resources. NOTE: The workload in this course will be very heavy. All work related to the Capstone 1 group project will be done outside of class time and the project will be much more challenging than any you ve encountered before: The case for Capstone 1 is unlike other cases that candidates would have seen in the CPA PEP [or university] due to its complexity and length, its increased focus on strategic analysis, its integrative nature, its requirement for external research, and the potential for increased ambiguity and lack of directedness for critical variables and assumptions. (CPA Canada) In addition, the work required for the individual exam-writing component will be roughly equivalent to that of a standard MAcc course. You should therefore be prepared to work very hard in this course. Final grades in the course will likely be determined in the following manner: Component Evaluation Class Participation 10% Group Case Requirements 40% Midterm Examination 25% Final Examination 25% 20

25 ACC 611 Financial Reporting with Integration CPA-Required Faculty: Term Offered: Professors Shari Mann & Christine Wiedman Winter Career Relevance This course is required for all students pursuing a CPA designation. It will help you develop an in-depth knowledge of financial reporting and integrate this knowledge with other CPA technical competencies. Overview and Objectives The main objectives of the course are: To further develop your understanding of key financial reporting issues, To help you apply your knowledge in the analysis of cases, through the identification of issues, and the evaluation and discussion of alternatives and recommendations, To develop your ability to critically assess existing standards, and To enhance your ability to integrate and communicate financial reporting, assurance and tax information. Relevance for Professional Designation Accreditation Materials The course is primarily concentrated in the Financial Reporting area of the CPA Competency Map. This specific competency is very significant in that it is tested at the highest level (perform) of the three possible levels of proficiency. The course will also develop many of the Map s enabling competencies and cover some topics from the Assurance and Tax areas, mainly through the use of multi-subject cases. Required Materials: 1. ACC 611 / AFM 504 Package (includes readings and cases) purchased at the University bookstore 2. The CICA Handbook, Part I International Financial Reporting Standards, Part II Accounting Standards for Private Enterprises, and Public Sector Accounting Standards Available through the UW library system 21

26 ACC 611 Financial Reporting with Integration Anticipated Workload and Grades Final grades in the course will likely be determined in the following manner: Graded Component Class Contribution and Participation 20% Interim Case Submission 5% Group Presentation and Handout 30% Weight Final Exam 45% Total 100% Tentative Outline FOR REFERENCE ONLY & SUBJECT TO CHANGES Week Topic 1 Introduction and Case Analysis 2 Conceptual Framework and Financial Statement Presentation 3 Revenue Recognition 4 Inventory and Employee Benefits 5 Leases 6 Financial Instruments 7 Reading Week No Class 8 Liabilities 9 Tangible and Intangible Capital Assets 10 Impairment and Fair Value 11 Business Combinations and Strategic Investments 12 Income Taxes 13 Public Sector Accounting Standards and Review 22

27 ACC 680 Management Accounting, Strategy, and Finance CPA-Required Faculty: Theresa Libby, PhD, CPA, CA and Nancy Vanden Bosch, CPA, CA, CMA Term Offered: Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation This is an essential course for anyone interested in obtaining a professional accounting designation or pursuing a career where in-depth knowledge of management accounting is important. The main objectives of the course are: To further develop your ability to apply key management accounting methods and analytical tools; To improve your case analysis capabilities, through the identification of issues, and the evaluation and discussion of alternatives and recommendations; To further develop your ability to integrate strategic thinking and financial management considerations while making recommendations; and, To enhance your ability to communicate management accounting information and to communicate analysis performed to support management decision-making. The course focuses on the Management Accounting competency of the CPA Competency Map. This competency is significant in that it is one of two areas of depth to be examined on the new Common Final Exam (CFE). The course integrates specific competencies from the Strategy and Governance competency area and the Finance competency area of the CPA Competency Map. The course also provides the opportunity to further develop enabling competencies, including problem-solving and decision-making capabilities and communication skills. Materials The course materials include a set of cases bundled in the ACC 680 Package, which you may purchase at the University bookstore. Additional review resources may be assigned for some topics from: your AFM 481 and AFM 482 textbooks; Management Accounting Standards published by CPA Canada; and, Harvard Business Review - articles are available for free through the university library s Business Source Complete database. 23

28 ACC 680 Management Accounting, Strategy, and Finance Anticipated Workload and Grades The course is a case-based learning experience. The assigned cases are discussed and debriefed during class. Face-to-face class time is used primarily for case discussion and group debrief exercises. Prior to class, you analyze the case assigned for the class, completing assigned readings as needed to reinforce technical competencies learned during undergrad courses. After class, you do a more detailed case debriefing to identify your individual areas of strength or needed improvements. In this course, you are expected to apply knowledge and skills developed during your undergraduate program. You are also exposed to additional readings to deepen your understanding of the following topics: management information requirements (identification of data requirements to address performance and risk management needs), business planning and analysis (integration of strategy development, capital budgeting, operational budgeting, and reporting against performance targets) cost management (cost allocation principles and methods using an integrated classification scheme of direct/indirect and fixed/variable costs) revenue management (revenue analysis and forecasting techniques), and segment profitability (product and customer segment profitability reporting for specific decision-making purposes). grades will likely be determined in the following manner: Graded Component Weight Class Participation/Case Debrief Contribution 20% Team Presentation 20% Mid-term Exam 20% Final Exam 40% Total 100% 24

29 CPA-Elective s 25

30 ACC 607 Tax Issues Integration CPA-Elective (All students following the CA/PA or 51CH-CA/PA pathway must take this course.) Faculty: Term Offered: Professor Julie Robson CPA, CA Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Materials Proposed Evaluation and Workload The course is relevant to students interested in developing tax issue identification and understanding the interrelationship of tax issues in practical settings. The course is useful to students reviewing tax and preparing for the CFE. The course provides students with experience identifying tax issues, and integrating tax knowledge and principles learned in the undergraduate tax courses. This objective will be achieved through preparation and in-class discussion of case studies, and by completing case assignments. The course will be of benefit to students preparing for the CFE. content will take into account the enabling competencies and the specific taxation competencies in The CPA Competency Map for entry level accounting professionals. Issue identification and case writing skills will be emphasized. Required texts: Case Package (posted in Learn) The Canadian Income Tax Act (edition used in 4B) R.E. Beam, S.N. Laiken and J.J. Barnett, Introduction to Federal Income Taxation in Canada, current edition Evaluation of advance preparation through participation in class discussions and periodic submission of advance preparation is a significant component of the final grade. The Group Case Assignment is completed in groups of four. Final grades in the course will be determined in the following manner: Workload Evaluation Advance preparation 20% Case Assignment (Group): Due around week 4 25% Case Assignment (Individual): Due around week 8 25% Case Exam (Computer lab) 30% Total 100% 26

31 ACC 650 Assurance & Governance CPA-Elective (All students following the CA/PA, 51CH-CA/PA, or 51CH-CPA pathway must take this course.) Faculty: Term Offered: James Wainberg and Bradley Pomeroy Winter Career Relevance Overview and Objectives This course is for students interested in joining the public accounting profession. The public accountant s traditional role, as an external auditor working at an accounting firm, is to plan and perform audits of company financial statements. However, the public accountant can take on a variety of other assurance roles for companies (e.g., as an internal auditor), regulators (e.g., as an inspector for the Canadian Public Accountability Board or CPAB), and other organizations (e.g., as an auditor for Fairtrade Canada). This course will help you prepare for a career as a public accountant by enhancing the breadth and depth of your understanding of assurance and governance practices. This course is designed to develop your ability to exercise appropriate professional judgment in the areas of assurance, governance, and financial reporting. In particular, you will gain experience identifying, ranking, analyzing, and integrating assurance, governance, and financial reporting issues. By the end of the course, you should be able to perform such tasks with a high level of professional competence. Cases and associated readings are assigned on a weekly basis. Class sessions consist primarily of class and group discussions of assigned readings and cases. Relevance for Professional Designation Accreditation Materials This course is designed to develop your ability to apply your knowledge and understanding of assurance concepts in a competency-based learning framework. In terms of the CPA Competency Map, this course is focused on the audit and assurance technical competency area, but also integrates technical competencies from the strategy and governance and financial reporting areas. This course will also help you develop many of the enabling competency areas. ware Package CPA Handbook 27

32 ACC 650 Assurance & Governance Overview of Outline Grades This course will help you develop the following competencies: Identify the client s assurance needs and recommend an appropriate engagement type to satisfy those needs. Evaluate issues related to the decision to accept or continue providing assurance services for your prospective or existing clients. Identify and mitigate threats to auditor independence. Plan the assurance engagement by first assessing materiality based on a user analysis. Assess the design and operational effectiveness of the client s system of internal controls. Evaluate the appropriateness of the client s accounting policies and disclosures. Use the audit risk model to assess the risk of material misstatement (including fraud risk) at the financial statement level and the assertion level for classes of transactions, accounts balances, and disclosures. Adopt an audit approach and design audit procedures that are appropriate in terms of addressing the risks you identify. Execute the audit plan, evaluate the evidence collected, and document the results. Draw conclusions based on the results, and prepare a communication for the users. Evaluate the role of the audit committee in the financial reporting process. Understand the role of the Canadian Public Accountability Board (CPAB) and other regulatory bodies in evaluating the quality of the work performed by public accountants. Final grades in this course will likely be determined in the following manner: Learning Assessment Grade Weight (Subject to Change) Participation and Professional Behaviour 10% Midterm Exam 30% Team Assignment 15% Team Presentation 15% Final Exam 30% Total 100% 28

33 ACC 685 Performance Management CPA-Elective Faculty: Term Offered: Alan Webb, PhD, FCPA, FCA Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Materials Grades This course is intended for individuals interested in developing capabilities relevant for careers in performance management and control. This course will provide in-depth coverage of several performance management and control topics, many of which were introduced in AFM 102, 280 and 482. The topics include: strategy development and implementation, performance measurement, corporate social responsibility reporting, cost management, revenue management, relative performance evaluation, goal-setting, and indivivdual incentive programs. These topics are of considerable interest to managers in practice and are relevant to anyone considering a career in performance management. The course will also cover numerous theories of human behavior and motivation (e.g., goal theory, agency theory, equity theory, expectancy theory, etc.) CPA Competency Map This course covers several competencies under Strategy and Governance: Mission, Vison, Values and Mandate (2.2), Strategy Development (2.3), Strategy Implementation (2.4); and Management Accounting: Cost Management (3.3), Revenue Management (3.4), Organizational Performance Measurement (3.6), Individual Performance Measurement (3.7). Moreover, the use of cases and group projects to illustrate and reinforce key concepts will facilitate development of some of the key CPA Enabling Competencies: Problem-Solving and Decision-Making (2), Communication (3), and Teamwork and Leadership (5). No textbook. Readings will include cases, background articles, and research articles. These readings will either be posted to the course website or will be available in the form of a course readings package purchased (approx. $40) online. Final Grades in the course will likely be determined in the following manner: Workload Evaluation Class participation 20% Individual assignments 10% Mid-term exams (I & II) 50% Group case analysis 20% 29

34 ACC 690 Corporate Financial Management Cases and Applications CPA-Elective Faculty: Frank Hayes Term Offered: Winter 2015 Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Materials This course is designed for students seeking careers within corporate finance divisions in large corporations, consulting firms, and in equity analysis and investment roles in the financial sector. The objective is to further develop your ability to make decisions facing financial managers and investors based on corporate finance theory; and to develop your communication capabilities so you can converse in mainstream corporate finance issues. The course focuses on the Finance competency area of the CPA Competency Map, but integrates with other specific competencies on a case-by-case basis. You will also have the opportunity to further develop enabling competencies, including problem-solving and decision-making capabilities and communication skills. The ACC 690 Package available at the University bookstore includes cases and articles to be used in the course. Anticipated Workload and Grades The classes encompass both case analysis and discussion of articles from practice-oriented academic journals. The course includes a substantial class participation requirement, and correspondingly, a relatively large amount of preparation for each class. The material leads to a practical, in-depth application of corporate finance competencies for decision-making purposes, including analysis of financing sources and financing plans, cash flow and working capital management, investment management and financial risk management including derivatives, capital budgeting decisions, distribution decisions, and valuation of businesses and intangible assets. grades will likely be determined in the following manner: Grade Component Weight Individual Class Participation 20% Group Written Case Report 15% Group Written Case Presentation 25% Final Exam 40% Total 100% 30

35 MAcc-Elective s 31

36 ACC 605 International Tax in a Canadian Context MAcc-Elective Faculty: Term Offered: Professor TBA Spring Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Materials Anticipated Workload and Grades The course is designed to provide students with a foundation in the basics of international tax law in Canada. The course is of most interest to students interested in a specialization in Taxation and a necessity to those planning to specialize in International Tax. It would also be relevant to students who will not specialize in tax but want to understand the tax implications of international transactions. The course reviews the Canadian income tax implications of individual and corporate transactions that have a foreign element. It also examines the role of tax treaties in international tax planning with particular emphasis on the Canada-US Income Tax Convention. These objectives are accomplished by applying the statutory provisions to practical problems and cases. Most of the technical material covered in the course is beyond the expectations set out in the CPA competency map. However, the course does include some review of basic tax principles including residency, interest deductibility and shareholder loans that may augment a student s CFE preparation. Required texts: 1. Problem Set Package (posted in Learn) 2. Textbook: International Taxation in Canada (Arthur Cockfield, Scott Wilkie and Jinyan Li). 3. The Canadian Income Tax Act. Final grades in the course will likely be determined in the following manner: Workload Evaluation Advance Preparation 20% Assignment (Tax Case) 25% Assignment (Seminar/Submission) 25% Final Exam (Take Home) 30% Total 100% 32

37 ACC 606 Business Valuations MAcc-Elective Faculty: Term Offered: Professor Dave Vert CPA, CA, CBV Spring Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Some say a company is worth exactly what another person is willing to pay. Or is it? How about the value of the assets? Or earnings and income? Is it the potential of the business? Or goodwill? Is it all or some of it? How do you arrive at that magic number, fairly? More importantly, who can provide that assessment? An accountant? A lawyer? A relative who just sold their business? How can you be certain? The Chartered Business Valuator (CBV) is the pre-eminent designation for Canadian business valuation experts. More information on the CBV designation is available from the Canadian Institute of Chartered Business Valuators (CICBV) website at This course is intended to provide students with the educational equivalent of the CICBV s Programme of Studies Introductory and Intermediate Business and Securities Valuations courses. Topics to be covered include role of the valuator, principles of valuation, valuation approaches and techniques, risk and growth considerations, determining rates of return, goodwill, minority and controlling interests, CICBV professional standards, etc. CBV Students completing this course are eligible for advanced standing in the CBV Programme of Studies for a period of 2 years following MAcc graduation. This advanced standing includes an exemption from completing the CICBV's Introductory Valuations course and only having to challenge the CICBV's final exam for Intermediate Valuations in order to proceed through the remainder of the CICBV's Programme. CICBV course examinations take place in September and March of each year. CPA The material covered in this course goes well beyond the expectations of CPA candidates and is not geared specifically towards preparation for the CPA's Common Final Exam. With regard to the CPA Competency Map, the concepts covered in this course have some relevance to the CPA Technical Competency areas. Specifically, there is a high degree of relevance under the Finance competency area with some modest integration with both the Financial Reporting and Taxation competency areas. Also, students will have the opportunity to further develop some of the skills set out in the CPA Enabling Competencies in the latter half of the course where both the inclass case problems and the final examination will have an increased emphasis on how valuation practitioners apply and communicate their knowledge in circumstances found in practice. 33

38 ACC 606 Business Valuations Materials Required text: 1. Canada Valuation Service (Student Edition, 2014), Campbell, I., Carswell Publishers ISBN cost $ Materials package: Readings and cases from the CICBV s course material for Introductory and Intermediate Business Valuations. Students registered in this course will be required to submit a course materials payment during the first week of the term to the CICBV in the amount of $ (includes $19.50 HST). Anticipated Workload and Grades The course material is divided into a series of weekly modules. Before coming to each class students will be expected to have completed the assigned readings and assigned problems for the corresponding module. Lectures and class discussions will focus on the application of the concepts in the assigned readings to the assigned problems. Final Grades in the course will likely be determined in the following manner: Graded Component Weight Class Preparation 10% Midterm Exam - Introductory Business Valuation 45% Final Exam - Intermediate Business Valuation 45% Total 100% Tentative Outline FOR REFERENCE ONLY & SUBJECT TO CHANGES Week Concepts Reviewed 1 Introduction to Business and Securities Valuations 2 Valuation Engagements & Asset-Based Approaches 3 Return Based Approaches Part 1 4 Return Based Approaches Part 2 5 Capitalization & Discount Rates 6 MID-TERM EXAMINATION 7 CICBV's Practice & Reporting Standards 8 Valuation Approaches Going Deeper / Take Up Mid-term 9 Cost of Capital / Comparable Company Multiples 10 En Bloc Value and Goodwill 11 Discounts and Premiums 12 FINAL EXAMINATION 34

39 ACC 609 Financial Statement Analysis MAcc-Elective Faculty: Changling Chen, Associate Professor, Accounting PhD Term: Spring Career Relevance Overview and Objectives Relevance for Professional Accreditation Financial statement analysis is an essential skill for firm valuation in a variety of occupations including investment management, corporate finance, commercial lending, and extension of credit. Since accounting information is used for valuation, both inside and outside the firm, valuation analysis should guide the accountant in providing accounting service. The accounting professional needs to understand how financial statements are used by investors and other stakeholders. This course is intended to improve your ability to analyze financial reports, with an emphasis on equity valuation. We will study accounting principles and their implications on the information presented in financial statements, and learn how to use that information in valuation models. CPA/CFA The capabilities developed through this course are included in the: - CPA Candidates Competency Map in the Organizational Effectiveness, Control and Risk Management, Finance, and Performance Measurement competency areas. - CFA Institute s Candidate Body of Knowledge within the knowledge required for Financial Reporting and Analysis and Equity Investments. - While the course contents are not designed for the CFE or CFA exams, they are relevant as a body of knowledge. Students also have the opportunity to improve skills for problem-solving, decisionmaking, and communication. Materials Text: Krishna Palepu and Paul Healy. Business Analysis & Valuation: Using Financial Statements (with cases), 5th edition. ISBN 13: package: Additional reading materials. 35

40 ACC 609 Financial Statement Analysis Anti-Requisite Anticipated Workload, Research Paper Option and Grades Students who have completed AFM 492 are not permitted to enrol in this course. Prior to class, students are required to complete assigned readings and homework (prepared summaries of the readings). Face-to-face class time is mainly used for discussing key issues, case-based problem solving, and presenting group works. A great deal of learning takes place when you articulate your views on issues, problems and cases. Thus, class participation is very beneficial and is required. During the semester, one midterm will be given and there will be a final term project (no final exam). The purpose is to evaluate your understanding of the covered material. Two team projects (including the final term project) will be given during the semester. You will be asked to present the results of your project in class. Final Grades in the course will likely be determined in the following manner: Graded Component Weight (Tentative) Midterm exam 35% Team Projects 40% Homework and Participation 25% Total 100% 36

41 ACC 621 Core IT Concepts for Accountants MAcc-Elective (All students following the 51CH-CA/PA or 51CH-CPA pathway must take this course.) Faculty: Term Offered: Malik Datardina Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Accountants must deal with technology in a variety of ways. The goal of this course is to demystify IT from a strategic, analytic and risk perspective, so you can take the lead in your future roles as accountants when dealing with IT issues and IT professionals. This course will look at the following key areas: IT Investments: What should you consider when evaluating technology from a business case perspective? We look at the Gartner Hype Cycle and other related concepts around technology innovation Big data and analytics: How will big data impact accountants? IT Risk and control: How can my information get messed up? What can I do to protect it? Take a risk-based look at controls and what are key controls you should know to be viewed as a leader in the field. CPA This course covers material that is relevant for practitioners in both public practice and industry. Many of the concepts covered in this course will assist students in dealing with the types of IT issues commonly found on CPA exams. CISA, CA*IT, CIA The material in this course is part of the foundation coverage for other professional certifications such as the CISA, CA*IT and CIA. 37

42 ACC 621 Core IT Concepts for Accountants Materials Required Text: TBD All other materials supplied on course web-site. Anticipated Workload and Grades Final Grades in the course will likely be determined in the following manner: Workload (Subject to Change) Evaluation Participation in weekly class lecture and/or case 20% discussion/workshop. Group assignments 30% Individual final report 50% Total 100% 38

43 ACC 622 Electronic Commerce MAcc-Elective Faculty: Term Offered: Professor Efrim Boritz Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation E-business is a prominent feature of today s economy. Even traditional businesses have or need e-business capabilities. This course provides an overview of the essential features of an e-business and integrates e-business concepts with key topics covered in other business and accounting, auditing, tax and law courses. This course will address the features and related implementation issues of electronic business systems, including: Business Models, Value Propositions and Strategies (including the Internet, regulatory issues and small business issues) E-Business Architecture (including web site design, order processing, payment processing, integration with enterprise systems and issues arising from mobile devices, social networks and cloud computing) E-Business Applications (including supply chain management, customer relationship management and business intelligence) Conducting E-Business (including e-marketing and advertising, and performance measurement) Due to the pervasiveness of e-business activities, examinations often involve e-business/e-commerce scenarios. The material covered in this course addresses the types of e-business and e-commerce issues and problems that commonly arise in examinations, although the coverage in the course does not specifically address final examination issues and goes well beyond the minimum expectations of CPA candidates. The e-business issues covered in this course relate not only to IT Competencies but to several other Competency areas such as Enabling Competencies, Strategy and Governance, Management Accounting, Planning and Control, Audit and Assurance and Taxation. Thus, there is a significant integrative component to this course which is implemented through weekly readings and case discussions and course projects. Materials Required Text: E-business A Canadian Perspective for a Networked World, 4th edition, 2013, Gerald Trites and J. Efrim Boritz, Pearson 39

44 ACC 622 Electronic Commerce Anticipated Workload, and Grades Final Grades in the course will likely be determined in the following manner: Graded Component Weight Weekly self-directed online review 20% Participation in weekly class lectures and case 20% discussions Report (done individually) 10% Project & presentation (done in groups) 30% Final exam 20% Total 100% 40

45 ACC 623 Business Technology Law IT Challenges & Opportunities MAcc-Elective Faculty: Term Offered: Delivery: Professor Darren Charters Spring Self learning with weekly topic intro/recap sessions Career Relevance Overview and Objectives This will be a useful course for anyone contemplating a management career in the information technology field or who, in a professional capacity, plans to specialize in this area. Businesses operate in an environment proscribed as much by legal principles as by financial rules and performance expectations. The course will show students how legal issues of a technology oriented nature insinuate themselves into most management activities, including those of both old and new economy businesses. It will provide an introduction to legal issues impacting business professionals generally and an examination of legal issues that create obligations and opportunities for business that are uniquely dependent on the law to protect some of their core business assets. The course will address: The legal environment for product development focusing on core areas of intellectual property (IP) including patents, copyright, valuation of IP, and basic philosophical underpinnings IP Employee matters in technology focused business environment as well as traditional business confronting technology including employees rights, privacy, appropriate company policies, etc. Ecommerce legal issues including privacy, consumer protection, jurisdiction, etc. Providing products and services to third parties including contract considerations in software licencing, IP licencing, etc. CFE Relevance Materials will provide useful background to information technology competencies that are integrated throughout the competency map although not directly relevant to CFE. Required Text: ware Package 41

46 ACC 623 Business Technology Law IT Challenges & Opportunities Anticipated Workload and Grades The material will be a combination of relatively short in-class or online substantive content, additional directed reading, and further learning assignments. Students may review one (perhaps two) online information resources, read course material addressing substantive law as well as the business context of the relevant law, and undertake a variety of learning and review tasks that reinforce concepts covered and/or provide for the introduction of related concepts. There are weekly sessions that will be used to introduce the module being studied, recap the module just completed, and provide some substantive content in relation to each. It is expected that a couple of the sessions will involve invited speakers with a professional background in one of more areas of law addressed in the course. Final Grades in the course will likely be determined in the following manner: Workload Evaluation Quizzes (self-assessment) 10% Individual Research Summaries 25% Bulletin Board 15% Open Ended Questions 20% Final Case or Paper 30% Total 100% Evaluation will involve a combination of self-study exercises and individual assignments. Do not be alarmed by the number of evaluated components, the total time spent allocated will not exceed that which you would spend on a course were we solely utilizing a traditional lecture format. Conversely, note that just because there is less in class time and more flexibility on when you do the course work, do not expect it to be less work than a lecture/class based course. This is intended to provide general information on the nature and type of evaluation used in this course and is subject to change. 42

47 ACC 626 Information System Assurance & Computer-Assisted Auditing MAcc-Elective Faculty: Kieng Iv Term Offered: Spring Career Relevance Overview and Objectives This is an essential course for anyone considering a career in IT assurance in internal or external audit settings involving significant IT-based processes or interesting in performing analytics as part of an internal or external audit. Throughout the course, you ll be tasked with performing audit analytics engagements using tools such as IDEA and Tableau. Some of the past workshops include journal entries, accounts receivable, accounts payable, fixed assets, warranty liability, revenue assurance and data visualization. During the semester, we will also discuss IT assurance topics such as XBRL, third party reporting, cloud computing and ERP auditing. Relevance for Professional Designation Accreditation Materials The material covered in this course specifically addresses IT competencies that commonly arise in the UFE, although the coverage in the course goes well beyond the minimum expectations of CA candidates. There is a significant integrative component to this course which is implemented through the assignments, weekly readings and case discussions. The IT issues covered in this course most strongly to the Assurance area on the UFE Competency Map but also relate to other UFE competency areas such as Pervasive Qualities and Skills, Governance, Strategy and Risk Management and Performance Measurement and Reporting. Required Text: J. Efrim Boritz, Computer Control & Audit Guide (15 th edition 2011) University of Waterloo, Centre for Information Systems & Assurance 43

48 ACC 626 Information System Assurance & Computer-Assisted Auditing Graded Component (Subject to Change) Weight Participation in weekly class lecture (including online posts) and/or case discussion/workshop 20% Workshops (done in groups of 2 to 3) 20% Group assignments (done in groups of 2 to 3) 20% Term paper (done individually) 40% Total 100% 44

49 ACC 652 Forensic Accounting MAcc-Elective Faculty: Term Offered: Professor Linda Robinson Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation This course is particularly relevant if you want to sharpen your skills for detecting financial fraud or corruption for your clients or employer. If you are planning a career in audit, either internal or external, or plan to run your own business this course will heighten your understanding of fraud risk factors that will assist with your assessment of the organization s susceptibility to fraud. This course is also relevant to you if you are considering a career as a Forensic Accountant. You will learn how to conduct an investigation, how to gather evidence, and how to pursue areas of recovery. The purpose of this course is to expand on your understanding of fraud and fraud related topics which you learned in previous auditing courses. This introductory course in forensic accounting will cover a variety of topics including: Nature and types of fraud Who commits fraud and why Red flags you should be aware of Types of financial statement manipulation Fraud detection Illegal Acts Money Laundering Computer forensics Interviewing techniques In addition to the topics above, the class will discuss financial fraud cases that occurred in Canada, the US, and around the world over the past ten years. Discussions will center on how the fraud happened and what could have been done to prevent, detect, and deter the fraud. Situations involving financial statement fraud concepts have arisen on past professional exams. However, the material covered in this course goes well beyond the expectations of CPA candidates and is not geared specifically towards the CPA examination. With regard to the CPA Competency Map, the concepts covered in this course have relevance to many of the Assurance competency area. Issues related to the Financial Reporting and Management Accounting competency areas will also be addressed as it relates to evaluation of information. Materials Required Text: ware package purchased at the University bookstore. 45

50 Anticipated Workload, and Grades Students should plan to attend all lectures as a significant portion of the material covered is done so only through class discussions. For each class cases will be assigned for in class discussion. Some other these cases will be interactive and include role playing. Final Grades in the course will likely be determined in the following manner: Graded Component Evaluation Class contribution & quizzes 25% Research Paper a F/S fraud (group) 25% Presentation (group) 5% Group project investigation 20% Final Exam 25% Total 100% 46

51 ACC 662 Tax Policy MAcc-Elective Faculty: Term Offered: Professor Alan Macnaughton Spring Career Relevance Overview and Objectives Many accountants know lots of tax rules but don t fully understand them because they don t know the government s purpose for each rule. The study of the tax policy goals behind the rules provides that purpose. This is useful in several ways. 1. Understanding that purpose will make it easier to learn the rules because it provides a structure and meaning. Learning and practicing tax becomes more fun. 2. Loopholes and tax planning opportunities will be more obvious to you, as these are often the rules that seem to contradict the general purpose of the provision. 3. Tax practitioners are in a good position to contribute to tax policy, either for personal interest or because clients seek help in fixing rules that adversely affect them. 4. Clients won t think of you as an expert if you can t answer their questions about the purpose of the rules. The objective is to develop students ability to analyze current tax law and propose alternatives which will better meet tax policy goals. Tax policy goals include fairness across similarly-situated taxpayers, redistributing income from rich to poor, avoiding interference with business and personal decisions, and avoiding excessive record-keeping. We will compare the common strategy of assessing taxes according to ability to pay to the concept of directly charging individuals and corporations for the benefits they receive from public services. Each day, we will pick a different area of the tax system in which to study the application of these ideas. We will also discuss how tax policy is made in Ottawa and the process of enacting legislation. I have 5 years experience working for government writing the Income Tax Act and preparing tax policy changes. I have also written many articles on tax policy. The schedule of classes is: Class 1: Tax policy process Class 2: History of Canadian tax; taxes in Canada vs the rest of the world Class 3: Tax policy goals Class 4: Corporate tax: problems with the existing system 47

52 Class 5: Corporate tax: proposals for reform Class 6: Taxation on individual vs family basis; top marginal tax rates Class 7: Policy issues with medical and charitable tax credits Class 8: Capital gains; income averaging; transitional rules Class 9: Tax avoidance and tax evasion Class 10: Eliminating red tape: tax administration and compliance costs Class 11: Retirement savings Class 12: Review Relevance for Professional Designation Accreditation Limited. This course will develop your higher-level skills of reasoning about tax issues through in-class discussion about their purpose. A lot of emphasis is also placed on writing skills. 48

53 ACC 662 Tax Policy Materials Anticipated Workload and Grades Text: I will provide a package of course notes, including many newspaper articles, Canadian Tax Journal papers, and articles from law and tax journals from around the world. Final Grades in the course will be determined in the following manner. Workload Evaluation Major essay 50% Library assignment 5% Final exam 35% Participation 10% Total 100% 49

54 ACC 690 Professional Judgment MAcc-Elective Faculty: Term Offered: Professor Efrim Boritz Spring Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Materials Anticipated Workload and Grades Sound professional judgment is a hallmark of a competent professional. The exercise of professional judgment has been studied in fields as diverse as medicine, law, psychology and accounting. Knowledge about the strengths and weaknesses of professional judgment can help professional accountants and financial managers understand and deal effectively with complex issues that require the application of professional judgment. Thus, this course has high career relevance to all aspiring professional accountants and financial managers. This course will consider the exercise of professional judgment in accounting, auditing and finance. There is a significant integrative component to this course which is implemented through weekly readings and discussions. We will strive to understand the barriers to the effective exercise of professional judgment by reviewing the professional and academic research that has been conducted about professional judgment. We will read and discuss some of the classic studies in the field. We will also perform some simulations of methods used to learn about professional judgment. Unlike some courses that focus solely on technical aspects of judgment such as cognition and knowledge, we will also address the values underpinning the concept of professionalism and the codes of conduct established to guide professional behaviour in the accounting, auditing and finance domains. The material covered in this course relates to the professional competencies expected of all professionals. Due to the pervasiveness of professional judgment, professional examinations often address this topic indirectly. A number of cases involving accounting and auditing judgments are used to illustrate key concepts. All course materials will be supplied on D2L. Final Grades in the course will likely be determined in the following manner: Workload Evaluation Participation in weekly lectures and case discussions 30% Assignment 1 (individual) 20% Assignment 2 (in teams of 2-3, includes presentation) 30% Final Exam 20% 100% 50

55 ACC 690 Topics: Tax for the CFO MAcc-Elective Faculty: Term Offered: David Lin Spring Career Relevance Overview and Objectives The course is designed to provide students with a foundation of tax concepts that will be relevant to industry practitioners. This course will be of most interest to students interested in developing an understanding of tax reporting and related accounting issues and will be relevant to both students who will and will not specialize in Taxation. This course investigates tax and related accounting issues found in the tax provision on the financial statements to deepen the understanding of the impact of tax on accounting. It will also address tax risk management and other tax topics relevant for the industry professional. These objectives are accomplished by applying concepts discussed in class, statutory tax provisions, and the CPA Canada Handbook (as applicable) to practical problems and cases. Other tax topics described above that are tentatively scheduled for coverage in this course include Canadian-Controlled Private Corporation status, tax considerations in executive compensation, tax considerations in acquisitions and divestitures, government incentives, tax audits, and Canada Revenue Agency s new risk-based audit approach. Relevance for Professional Designation Accreditation Materials Limited - most of the concepts covered in the course will be beyond the expectations of students as described in the CFE Candidates Competency Map. This course is intended to provide students with an understanding of tax topics relevant for industry practice. 1. readings posted in Learn 2. The Canadian Income Tax Act 3. The CPA Canada Handbook, Part I International Financial Reporting Standards and Part II Accounting Standards for Private Enterprises (available through UW Library) 51

56 ACC 690 Topic: Tax for the CFO Anticipated Workload and Grades Final grades in the course will likely be determined in the following manner: Workload Evaluation Class Preparation & Participation 10% Assignment (Tax Reporting) 25% Assignment (Other Tax Topics) 25% Final Exam 40% Total 100% 52

57 THE DIPLOMA PROGRAM COURSE INFORMATION Diploma s Students in the Diploma program must complete these four courses: AFM 501 Contemporary Issues in Assurance AFM 502 Core IT Concepts for Accountants AFM 503 Issues and Problems in Accounting Practice AFM 504 Financial Reporting with Integration descriptions are provided on the following few pages. 53

58 AFM 501 Contemporary Issues in Assurance Diploma Program Faculty: Term Offered: James Wainberg and Bradley Pomeroy Winter Career Relevance Overview and Objectives This course is for students interested in joining the public accounting profession. The public accountant s traditional role, as an external auditor working at an accounting firm, is to plan and perform audits of company financial statements. However, the public accountant can take on a variety of other assurance roles for companies (e.g., as an internal auditor), regulators (e.g., as an inspector for the Canadian Public Accountability Board or CPAB), and other organizations (e.g., as an auditor for Fairtrade Canada). This course will help you prepare for a career as a public accountant by enhancing the breadth and depth of your understanding of assurance and governance practices. This course is designed to develop your ability to exercise appropriate professional judgment in the areas of assurance, governance, and financial reporting. In particular, you will gain experience identifying, ranking, analyzing, and integrating assurance, governance, and financial reporting issues. By the end of the course, you should be able to perform such tasks with a high level of professional competence. Cases and associated readings are assigned on a weekly basis. Class sessions consist primarily of class and group discussions of assigned readings and cases. Relevance for Professional Designation Accreditation Materials This course is designed to develop your ability to apply your knowledge and understanding of assurance concepts in a competency-based learning framework. In terms of the CPA Competency Map, this course is focused on the audit and assurance technical competency area, but also integrates technical competencies from the strategy and governance and financial reporting areas. This course will also help you develop many of the enabling competency areas. ware Package CPA Handbook 54

59 Overview of Outline Grades AFM 501 Contemporary Issues in Assurance Diploma Program This course will help you develop the following competencies: Identify the client s assurance needs and recommend an appropriate engagement type to satisfy those needs. Evaluate issues related to the decision to accept or continue providing assurance services for your prospective or existing clients. Identify and mitigate threats to auditor independence. Plan the assurance engagement by first assessing materiality based on a user analysis. Assess the design and operational effectiveness of the client s system of internal controls. Evaluate the appropriateness of the client s accounting policies and disclosures. Use the audit risk model to assess the risk of material misstatement (including fraud risk) at the financial statement level and the assertion level for classes of transactions, accounts balances, and disclosures. Adopt an audit approach and design audit procedures that are appropriate in terms of addressing the risks you identify. Execute the audit plan, evaluate the evidence collected, and document the results. Draw conclusions based on the results, and prepare a communication for the users. Evaluate the role of the audit committee in the financial reporting process. Understand the role of the Canadian Public Accountability Board (CPAB) and other regulatory bodies in evaluating the quality of the work performed by public accountants. Final grades in this course will likely be determined in the following manner: Learning Assessment Grade Weight (Subject to Change) Participation and Professional Behaviour 10% Midterm Exam 30% Team Assignment 15% Team Presentation 15% Final Exam 30% Total 100% 55

60 AFM 502 Core IT Concepts for Accountants Diploma Program Faculty: Term Offered: Malik Datardina Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation Accountants must deal with technology in a variety of ways. The goal of this course is to demystify IT from a strategic, analytic and risk perspective, so you can take the lead in your future roles as accountants when dealing with IT issues and IT professionals. This course will look at the following key areas: IT Investments: What should you consider when evaluating technology from a business case perspective? We look at the Gartner Hype Cycle and other related concepts around technology innovation Big data and analytics: How will big data impact accountants? IT Risk and control: How can my information get messed up? What can I do to protect it? Take a risk-based look at controls and what are key controls you should know to be viewed as a leader in the field. CPA This course covers material that is relevant for practitioners in both public practice and industry. Many of the concepts covered in this course will assist students in dealing with the types of IT issues commonly found on CPA exams. CISA, CA*IT, CIA The material in this course is part of the foundation coverage for other professional certifications such as the CISA, CA*IT and CIA. 56

61 AFM 502 Core IT Concepts for Accountants Materials Required Text: TBD All other materials supplied on course web-site. Anticipated Workload and Grades Final Grades in the course will likely be determined in the following manner: Workload (Subject to Change) Evaluation Participation in weekly class lecture and/or case 20% discussion/workshop. Group assignments 30% Individual final report 50% Total 100% 57

62 AFM 503 Issues and Problems in Accounting Practice Diploma Program Faculty: Nancy Vanden Bosch, CPA, CA, CMA Term Offered: Winter Career Relevance Overview and Objectives Relevance for Professional Designation Accreditation This is an essential course for anyone interested in obtaining a professional accounting designation or in developing an ability to apply accounting and finance knowledge and skills to practical problem simulations. The main objectives of the course are: To further develop your ability to apply key management accounting methods and analytical tools; To improve your case analysis capabilities, through the identification of issues, and the evaluation and discussion of alternatives and recommendations; To further develop your ability to integrate strategic thinking and financial management considerations while making recommendations; and, To enhance your ability to communicate analysis and conclusions/recommendations in support of management decisionmaking. The course focuses on the Management Accounting competency of the CPA Competency Map. This competency is significant in that it is one of two areas of depth to be examined on the new Common Final Exam (CFE). The course integrates specific competencies from the Strategy and Governance competency area and the Finance competency area of the CPA Competency Map. The course also provides the opportunity to further develop enabling competencies, including problem-solving and decision-making capabilities and communication skills. Materials The course materials include a set of cases bundled in the AFM 503 Package, which you may purchase at the University bookstore. Additional review resources may be assigned for some topics from: your AFM 481 and AFM 482 textbooks; Management Accounting Standards published by CPA Canada; and, Harvard Business Review - articles are available for free through the university library s Business Source Complete database. 58

63 AFM 503 Issues and Problems in Accounting Practice Anticipated Workload and Grades The course is a case-based learning experience. The assigned cases are discussed and debriefed during class. Face-to-face class time is used primarily for case discussion and group debrief exercises. Prior to class, you analyze the case assigned for the class, completing assigned readings as needed to reinforce technical competencies learned during undergrad courses. After class, you do a more detailed case debriefing to identify your individual areas of strength or needed improvements. In this course, you are expected to apply knowledge and skills developed during your undergraduate program. You are also exposed to additional readings to deepen your understanding of the following topics: management information requirements (identification of data requirements to address performance and risk management needs), business planning and analysis (integration of strategy development, capital budgeting, operational budgeting, and reporting against performance targets) cost management (cost allocation principles and methods using an integrated classification scheme of direct/indirect and fixed/variable costs) revenue management (revenue analysis and forecasting techniques), and segment profitability (product and customer segment profitability reporting for specific decision-making purposes). grades will likely be determined in the following manner: Graded Component Weight Class Participation/Case Debrief Contribution 20% Team Presentation 20% Mid-term Exam 20% Final Exam 40% Total 100% 59

64 AFM 504 Financial Reporting with Integration Diploma Program Faculty: Term Offered: Professor Shari Mann Winter Career Relevance This course is required for all students pursuing a CPA designation. It will help you develop an in-depth knowledge of financial reporting and integrate this knowledge with other CPA technical competencies. Overview and Objectives The main objectives of the course are: To further develop your understanding of key financial reporting issues, To help you apply your knowledge in the analysis of cases, through the identification of issues, and the evaluation and discussion of alternatives and recommendations, To develop your ability to critically assess existing standards, and To enhance your ability to integrate and communicate financial reporting, assurance and tax information. Relevance for Professional Designation Accreditation Materials The course is primarily concentrated in the Financial Reporting area of the CPA Competency Map. This specific competency is very significant in that it is tested at the highest level (perform) of the three possible levels of proficiency. The course will also develop many of the Map s enabling competencies and cover some topics from the Assurance and Tax areas, mainly through the use of multi-subject cases. Required Materials: 1. ACC 611 / AFM 504 Package (includes readings and cases) purchased at the University bookstore 2. The CPA Canada Handbook, Part I International Financial Reporting Standards, Part II Accounting Standards for Private Enterprises, and Public Sector Accounting Standards Available through the UW library system Proposed Evaluation and Workload Final grades in the course will likely be determined in the following manner: Workload Evaluation Class Contribution and Participation Interim Case Submission 20% 5% Group Presentation and Topic Summary 30% Final Exam 45% Total 100% 60

65 AFM 504 Financial Reporting with Integration Tentative Outline FOR REFERENCE ONLY & SUBJECT TO CHANGES Week Topic 1 Introduction and Case Analysis 2 Conceptual Framework and Financial Statement Presentation 3 Revenue Recognition 4 Inventory and Employee Benefits 5 Leases 6 Financial Instruments 7 Reading Week No Class 8 Liabilities 9 Tangible and Intangible Capital Assets 10 Impairment and Fair Value 11 Business Combinations and Strategic Investments 12 Income Taxes 13 Public Sector Accounting Standards and Review 61

66 Application & Selection 62

67 APPLICATION & COURSE SELECTION Application Process MAcc Program Important Note: Space will be available in all four Diploma courses for any students pursuing the CPA designation who choose to or are required to switch from the MAcc to the Diploma Program at a later date. There is no need for MAcc applicants to also complete a Diploma application. 1. Applying to the MAcc program is done online via the link available at the Graduate Studies Office s Apply Online website. Please note that access to this website will be temporarily unavailable due to maintenance from October 6 to October 10, Please note the following regarding the online MAcc application: It must be submitted by Wednesday, October 15, Students who took any of the 12 courses in the special MAcc admission basket at an institution other than UW must include with their MAcc application an official transcript from the other institution that provides details of the course(s) taken and the grade(s) received. Payment of the $ application fee can be made by credit card or a cheque payable to OUAC (mailing information is available on the online application form). The "Professional Background" section should be left blank do not complete using Co-op work experience. Disregard the "Referee" section. Referees are not required and you should simply submit the application. On-line submission is sufficient. It is not necessary to print and forward hard copies of the application to the School of Accounting and Finance. 2. Prior to entering the MAcc program, you must also signal your intention to graduate by completing the form available via this link: Intention to Graduate Undergraduate Studies. Please note the following: It must be submitted to the Registrar s Office by December 1st, This form must be completed during the 4B term to facilitate the review by the Undergraduate Officer of the status of your undergraduate degree requirements. The "Expected Graduation Ceremony" is June 2015 It is important that you specify June (not October), even if you do not attend the June ceremony. This is to ensure your official academic record reflects conferral of your undergraduate degree by next spring in order for you to be eligible for the 2015 CFE. 63

68 APPLICATION & COURSE SELECTION Selection Process MAcc Program Quest Enrolment You will be automatically enrolled in the CPA-Required courses each term. You will use the standard Quest enrolment process to select your CPA and MAcc Elective courses. Students who receive a conditional admission offer will be able to enroll in Winter electives on November 23 rd. Enrolment in MAcc-Elective courses is first-come-first-served, so eligible students should enroll on this date to enhance their chance of access. Students who do not receive a conditional offer will not be able to enroll in courses until their admissibility is determined at the end of the 4B term. Access to all CPA- Required and CPA-Elective courses is guaranteed, so students who do not receive a conditional offer need not worry about access to these courses. The Spring Quest enrolment date will be announced during the Spring Information session in January. Selection Quizzes To help us identify potential scheduling issues in advance of Quest enrolment, we will ask you to complete a LEARN course-selection quiz for each term. The Winter quiz will be due on Friday, October 17 th and the Spring quiz on Friday, January 30. You will be able to change your course selections when enrolling on Quest, but we ask that you be virtually certain of your selections when submitting the quizzes so we can address potential issues well in advance of the enrolment dates. You should attend both course information sessions to ensure you have full information about all elective courses prior to completing the quizzes and enrolling in courses. MAcc Pathways and Selection The table on the next page presents the course selection requirements and options for students in each of the four MAcc pathways. See the MAcc Pathways Decision Tree to determine the pathway that applies to you. Note that the 51CH pathways apply only to MAcc students who receive a grade less than 60 in any of the CPA-required undergraduate courses completed after April 30, 2014, so at the time you select your Winter MAcc courses you will not know if you fall into this category because the 4B term will be in progress. Before selecting your Winter courses, use the decision tree to determine whether you want to follow the CA/PA or CPA pathway and then select your Winter courses according to the table below. If, at the conclusion of the 4B term, you gain admission to the MAcc program but receive a grade less than 60 in one or more of the CPA-required courses you took in 4B, then we will contact you to request that you switch your Winter course selections to satisfy one of the 51CH pathways in the table. 64

69 APPLICATION & COURSE SELECTION MAcc Pathways and Selection (continued) Pathway CA/PA CPA 51CH-CA/PA 51CH-CPA Winter CPA-Required s* CPA-Elective s # of MAcc- Elective s Spring CPA-Required * # of MAcc- Elective s ACC 611 ACC 680 ACC 607 ACC option to take 1 more** 0 if take 3 CPA- Electives Option to take 1 if take only 2 CPA- Electives** ACC 611 ACC 680 Any 2 + option to take 1 more** 0 if take 3 CPA- Electives Option to take 1 if take only 2 CPA- Electives** ACC 611 ACC 680 ACC 607 ACC 650 ACC 611 ACC 680 ACC any 1 other Must take ACC 621 Must take ACC 621 ACC 610 ACC 610 ACC 610 ACC if take 4 Winter courses 2 if take 5 Winter courses 3 if take 4 Winter courses 2 if take 5 Winter courses 2 2 * You will be automatically enrolled in the CPA-Required courses. ** In the Winter term you have the option of taking a fifth course, which can be either a third CPA-Elective or a regular MAcc-Elective course. Students who choose this option will then take only three courses in the Spring: ACC 610 plus two MAcc-Elective courses. 65

70 APPLICATION & COURSE SELECTION Selection Process MAcc Program (continued) Over-Subscribed MAcc-Elective s Where the demand for an MAcc-Elective course exceeds the available space, students who do not gain access will have to monitor Quest to determine if any space opens up. Changes You will be able to make course changes on Quest up until the end of the first week of classes each term. Your ability to make course changes will depend on whether there is room in your requested course or section and whether there are any scheduling conflicts with your other courses. You should therefore carefully consider your initial course choices prior to enrolling in them so the need for changes later is minimized. Attendance at the course information sessions is an important step in this process. We reserve the right to switch students between sections in their chosen courses to eliminate any conflicts or other scheduling issues that may arise. Cancelled s MAcc courses with minimal enrolment may be cancelled. 66

71 APPLICATION & COURSE SELECTION Application Process Diploma Program 1. Applying to the Diploma program is done by requesting a plan modification using the form available via this link: Plan Modification Application for Internal Transfer Form. Please note the following: Complete, print, and sign this form and submit it to the School of Accounting & Finance (office HH 3157) by 4pm Wednesday, October 15, Please fill out your personal information completely and state your current undergraduate plan (AFM, Math/CPA or Science/CPA). You do not need to provide a resume or a Reason for Request. The Requested Academic Plan is "Post Baccalaureate Diploma in Accounting," a Nondegree/post-degree Regular UW program, and the "Start Term" is Winter Prior to entering the Diploma program, you must also signal your intention to graduate by completing the form available via this link: Intention to Graduate Undergraduate Studies. Please note the following: It must be submitted to the Registrar s Office by December 1st, This form must be completed during the fall 4B term to facilitate the review by the Undergraduate Officer of the status of your undergraduate degree requirements. The "Expected Graduation Ceremony" is June 2015 it is important that you specify June (not October), even if you do not attend the June ceremony. This is to ensure your official academic record reflects conferral of your undergraduate degree next spring in order for you to be eligible for entry to the CPA PEP and any related exemptions. Selection Process Diploma Program All Diploma students complete the same four courses (AFM 501, AFM 502, AFM 503 and AFM 504), so there is no course selection process for this program. 67

72 Tuition & Scholarships 68

73 MACC AND DIPLOMA PROGRAM TUITION AND SCHOLARSHIPS Tuition: Tuition for the Diploma program is $7,093. Tuition for the MAcc program is $1, per course, for a total of $14,186. For further details, consult the fee schedules available via this link: Tuition and Fees. Financing Arrangement: The RBC Royal Bank at King Street South in Waterloo offers MAcc students a special-rate line of credit for qualified applicants. The School of Accounting and Finance has no connection with this offer and cannot guarantee it offers a rate lower than other financial institutions. We can state that RBC knows the MAcc program and will offer you great customer service. If you re interested, contact Paul Arsenault at x8570 or Adam Fry at x

74 MACC AND DIPLOMA PROGRAM TUITION & SCHOLARSHIPS Awards and Scholarships: 1. Accounting Alumni Gold Medal Award for Excellence in Accounting DONOR CRITERIA SELECTION AMOUNT Accounting Alumni Donations Awarded to the MAcc student with the highest grade point average across all eight courses in the program. Determined by the School of Accounting and Finance in August once all MAcc grades are final. N/A Medal 2. John M. Harper and William J. Harper Scholarship DONOR CRITERIA SELECTION AMOUNT $2,500 In recognition of the late John Harper s (a local lawyer) support to the University of Waterloo. Selection will be based on overall academic excellence in the final two years of undergraduate study as well as a strong record of community service. However, the main determinant is demonstrated interest and involvement in areas outside accounting and a record of volunteer, social, humanitarian, and/or community interests. Applications due January 30, 2015 submitted to Scholarship Selection Committee of the School of Accounting and Finance. Application generally includes a cover letter outlining why the student feels they are a worthy candidate for the scholarship, a resume and a copy of a recent grade report. 70

75 MACC AND DIPLOMA PROGRAM TUITION & SCHOLARSHIPS 3. Borys and Rose Boritz Accounting Graduate Scholarship DONOR CRITERIA SELECTION AMOUNT This scholarship was established in honour of Borys and Rose Boritz and is made possible by a donation from Efrim Boritz and Naomi Fromstein. Efrim Boritz has taught at the School of Accounting and Finance since Professor Boritz is head of the Assurance and IS areas at the school and has served as Director of the University of Waterloo Centre for Information System Assurance since its inception in Professor Boritz holds the Ontario Chartered Accountants Chair in Accounting and is an approved Doctoral Dissertation Supervisor with the SAF. Efrim s long-standing support of UW has included gifts to the Wadsworth Chair, undergraduate scholarships at the SAF, the Chair in Jewish Studies and the new School of Accounting and Finance building. The university is grateful to Efrim Boritz and Naomi Fromstein for their long-standing and generous support of many university initiatives. Selection will be based on an excellent academic record at the undergraduate level. Preference will be given to applicants with a minor or area of interest in International Studies. Applications due January 30, 2015 submitted to Scholarship Selection Committee of the School of Accounting and Finance. Application generally includes a cover letter outlining why the student feels they are a worthy candidate for the scholarship, a resume and a copy of a recent grade report. Two awards of $2,500 each 71

76 MACC AND DIPLOMA PROGRAM TUITION & SCHOLARSHIPS 4. The Bonnie Ho Memorial Scholarship DONOR CRITERIA SELECTION This scholarship was established in loving memory of Bonnie Ho, a Bachelor of Arts and Master of Accounting graduate in 2002 and 2003, respectively. Bonnie earned her Chartered Accountant (CA) designation in Bonnie was playful, compassionate and had a wonderful heart, making her deeply loved by her classmates, friends and family. She excelled academically and athletically, earning the Ontario Graduate Scholarship in 2003 and playing on Waterloo s badminton team in her freshman year. Bonnie was an amazing and inspiring person who touched the lives of so many and exemplified the values of the School of Accounting and Finance. In reflection of Bonnie s finest attributes, candidates must have a minimum cumulative undergraduate average of 80%, demonstrate academic excellence, professionalism and compassion, and have a demonstrated interest in athletics, community service or other student activities. Applications due January 30, submitted to Scholarship Selection Committee of the School of Accounting and Finance. Application generally includes a cover letter outlining why the student feels they are a worthy candidate for the scholarship, a resume and a copy of a recent grade report. In addition applicants for the Bonnie Ho Scholarship must be residents of Ontario and demonstrate financial need by completing the Graduate Student Award Application form. AMOUNT $2,000 72

77 MACC AND DIPLOMA PROGRAM TUITION & SCHOLARSHIPS 5. The Don Craig Memorial Award DONOR CRITERIA SELECTION AMOUNT Don Craig graduated from the University of Waterloo in 1974 with a Bachelor of Mathematics degree. A partner at Deloitte, he was elected an FCA in 1988, one of the youngest to have received that honour. Extremely dedicated to his family, community, and profession, Don became known to many as a mentor and teacher. His humour was contagious while his generosity was felt by hundreds. He wore many professional hats, including: acting as president for the Canadian Junior Chamber and K-W Oktoberfest, Chair of the Board of Examiners, and a founding member and president of the University of Waterloo Accounting Alumni Association. He was also named Kitchener- Waterloo Citizen of the year in Don passed away in July 2009 and is remembered fondly for his many contributions to the school, the accounting profession and the community. Don s family has created these awards to honour his memory and support student success at the School of Accounting and Finance. One award will go to a full-time student entering MAcc from the Bachelor of Accounting and Financial Management program and one from the Bachelor of Mathematics CA program. Selection to be based on scholastic excellence (minimum MAcc admission average of 80%), community involvement and/or leadership. Preference will be given to a student who has demonstrated community involvement or leadership within organizations based in the Waterloo region. Applications due January 30, submitted to Scholarship Selection Committee of the School of Accounting and Finance. Application generally includes a cover letter outlining why the student feels they are a worthy candidate for the scholarship, a resume and a copy of a recent grade report. Two awards of $5,000 each 73

78 MACC AND DIPLOMA PROGRAM TUITION & SCHOLARSHIPS DONOR CRITERIA SELECTION 6. The Anish Chopra Scholarship AMOUNT $5,000 This scholarship is made possible by a donation from Anish Chopra (MAcc 94). Anish Chopra holds both a Masters of Accounting (Gold Medalist) and an honours BA from the University of Waterloo, and is a Chartered Accountant as well as a CFA charterholder. He also holds the Chartered Alternative Investment Analyst designation and is a Chartered Business Valuator (Canadian Gold Medalist). He is currently a Managing Director and Portfolio Manager at TD Asset Management. Selection will be based on academic excellence (minimum MAcc admission average of 85%) with preference given to a student who has received their Bachelor of Accounting and Financial Management degree in the Faculty of Arts at the University of Waterloo and demonstrated leadership skills in areas such as student government, athletics or other extra-curricular activities. Applications due January 30, submitted to Scholarship Selection Committee of the School of Accounting and Finance. Application generally includes a cover letter outlining why the student feels they are a worthy candidate for the scholarship, a resume and a copy of a recent grade report. 7. MAcc Honour Roll Students who graduate from the MAcc program with an overall average of at least 85% (calculated without rounding) will earn a place on the Honour Roll. 74