REGULATIONS OF CERTIFIED MANAGEMENT ACCOUNTANTS OF ONTARIO

REGULATIONS OF CERTIFIED MANAGEMENT ACCOUNTANTS OF ONTARIO Section REGULATIONS RESPECTING CANDIDATES PURSUING THE CMA DESIGNATION TABLE OF CONTENTS (Hold CTRL and click on section name) 200 General Requirements for all CMA Programs 300 Pre-Professional Program 400 Strategic Leadership Program 500 Combined CMA Master s Programs 700 Executive Program 900 Sponsored Professor Program 1000 Professional Advanced Standing Agreements 1100 Mutual Recognition Agreements 1200 Practical Experience p. 1

200 General Requirements for all CMA Programs The following regulations are applicable to all students or candidates in the CMA Program. 201 Candidate s Responsibility It is the responsibility of each candidate to be familiar with the information contained in these Regulations and the applicable candidate handbook(s). Exceptions to the Regulations based on ignorance or unfamiliarity with any regulation will not be considered. If a regulation is not clear to you or you are not sure how it may apply, you are advised to contact any of the CMA Ontario accreditation department staff. 202 Code of Professional Ethics CMA students and candidates are required to abide by CMA Ontario s Professional Misconduct and Code of Professional Ethics Regulation. The manner in which students or candidates conduct their professional activities reflects on CMA Ontario and affects the level of respect accorded the profession. This professional attitude applies to the conduct expected of all students and candidates. Students or candidates who do not abide by the Code of Professional Ethics may not be accepted into CMA membership. Any candidate found committing plagiarism, cheating, or other ethical infractions will at minimum be required to successfully complete the CMA Ontario Ethics course at the candidate s expense in order to continue on in the CMA Program. CMA Ontario reserves the right, at CMA Ontario s sole discretion, to defer candidates or discontinue candidates registration with CMA Ontario for these infractions. 203 CMA Program Eligibility The CMA Program combines formal academic training with practical experience in the domain of the management accountant. Individuals must have acquired a degree from a Canadian academic institution or a university degree equivalent to a Canadian university degree. CMA Ontario retains the sole right to determine whether an institution qualifies as accredited (accepted by international standards) or accepted by international standards based on research from available resources. Section 200: General Requirements for All CMA Programs p. 2

Applicants with a degree obtained outside Canada must include with their application, an assessment of their degree by either: the applicable CMA Canada Provincial/Territorial Partner; or a recognized Canadian comparative education service. Applicants are required to submit officially translated transcripts in English or French to accompany their application. Transcript documentation submitted becomes the property of CMA Ontario and will be used for an evaluation, which may include labeling the documentation with CMA identifiers. Candidates that wish for their documentation to remain intact or to be returned to them are required to make the request to CMA Ontario when the transcript documentation is submitted and will be reviewed on a case by case basis. While a copy of a transcript is sufficient for assessment purposes, students or candidates must submit official, original, final transcript(s) prior to certification. International candidates that would experience undue hardship by providing an official, original, final transcript are permitted to have their documentation submitted to the CMA Ontario Accreditation office and have the original documentation visually verified by CMA Accreditation staff. Candidates that require a visual verification can either come into the CMA Ontario Accreditation office personally for visual verification or can submit their documentation with a postage paid, self-addressed envelope in order to have their documentation returned to them. Courses completed through accredited universities or through an approved college degree will be accepted towards the CMA prerequisites. Candidates transferring credits from a college or non-university institution into a postsecondary degree program cannot receive more than eight of the seventeen CMA prerequisites as transfer credits. A minimum of eight of the seventeen CMA prerequisites must be completed through the degree program itself. The following CMA prerequisites must be completed through a university or college degree program and cannot be transferred in: Intermediate Management Accounting Advanced Management Accounting Intermediate Financial Accounting Advanced Financial Accounting Taxation Corporate Finance Section 200: General Requirements for All CMA Programs p. 3

The following prerequisites completed through the American Institute of Certified Public Accountants (AICPA), Canadian Institute of Chartered Accountants and its affiliates (CICA), Certified General Accountants Association of Canada and its affiliates (CGAAC), Institute of Cost and Management Accountants of Pakistan (ICMAP), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Certified Practising Accountant Australia (CPA Australia), and Chartered Institute of Public Finance and Accountancy (CIPFA) will be accepted as equivalents by CMA Ontario. Only courses completed through the above designations will be considered. Transfers and exemptions of prerequisites within these designations will not be considered. Introductory Financial Accounting Introductory Management Accounting Economics Statistics Taxation Internal Control Information Technology Individual courses completed through all other professional bodies or other institutions will not be accepted. Candidates have five years from their point of qualification into the CMA Program to complete the full program and receive their designation. Points of qualification include: Strategic Leadership Program Date of passing the Entrance Examination Combined CMA Master s Program Executive Program Professional Advanced Standing Sponsored Professor Program Mutual Recognition Agreement Entry into the Master s Program at the university Entry into the CMA Executive Program Starting date of the Strategic Leadership Program Entry into the CMA Executive Program or starting date of the Strategic Leadership Program dependent on the track of the candidate. N/A Section 200: General Requirements for All CMA Programs p. 4

Please note: not all programs are offered every year/intake. Programs are subject to change. For internationally educated students the CMA prerequisites Taxation, Canadian Business Law and Advanced Financial Accounting, where required, must be completed through an accredited Canadian institution or as part of the CMA Accelerated Program due to Canadian specific content. 204 Mature Student Policy Students who do not have a recognized post-secondary degree, but who have been working in the accounting field for at least seven years, at a minimum Professional Proficiency (as assessed by CMA Ontario), are eligible to apply as a Mature Student. Potential students must submit: Practical experience report(s) for assessment Résumé outlining current and past positions Any university or college transcripts from prior education for assessment Three letters of reference 1) from employer which identifies support in the pursuit of the designation 2) from a CMA, preferably a colleague 3) a personal reference Eligible prerequisites are all introductory and management courses from prior college or university education. Any outstanding prerequisites, including all advanced level Entrance Examination prerequisite courses, must be completed through a recognized post-secondary institution, through degree program, or through the CMA Accelerated Program. Once eligible, mature students must achieve the minimum grade required in the Entrance Examination at which time they would qualify for the CMA Strategic Leadership Program. Candidates that have entered their master s program as a mature student can use the completion of their master s degree as their degree requirement. Mature Student Status is not applicable for those candidates entering the Executive Program, Sponsored Professor Program or through a Mutual Recognition Agreement or Professional Advanced Standing Agreement. Section 200: General Requirements for All CMA Programs p. 5

205 Suitable Professional Demeanour and Team Participation If a candidate is not, in CMA Ontario s sole judgment, maintaining a suitable level of professional demeanour in the program, and/or is deemed not to be meeting the team participation requirements of the program, they may be subject to one or more possible sanctions. Observation and evaluation of professional demeanour includes, but is not limited to, consideration of personal and professional behaviour in the setting of the interactive sessions and/or other team components of the program, including work within a smallteam environment. Without limitation, examples of behaviours not meeting the expectations of professional demeanour and team participation would include offensive or lewd behaviour and/or language, behaviour that disrupts session or team functioning, behaviour that does not demonstrate active participation in the interactive sessions and/or team assignments, and not showing appropriate and reasonable flexibility with fellow team members for scheduling and setting meetings and calls. A candidate not meeting the program s expectations of professional demeanour, ethical behaviour and/or team participation may also be removed from candidate status and deemed ineligible to continue his/her pursuit of the designation. 206 Small Group Dissolution or Expulsion Part of the rigour of the CMA Program is that candidates are expected to work together and comprehend that part of the experience reinforces that in their careers they will work with people of different backgrounds, goals and work styles. In cases of group conflict, therefore, CMA small groups are expected to work together to make reasonable efforts to resolve their issues. If the group itself is unable to resolve any issue, they must involve, as a group, moderators in these discussions prior to requesting transfer to a different group, expulsion of a group member, or group dissolution. In cases where the team and moderators cannot resolve an issue, transfer, expulsion and dissolution decisions are to be at the sole discretion of CMA Ontario. Section 200: General Requirements for All CMA Programs p. 6

207 Human Rights Code CMA Ontario is aware of the constructive discrimination provisions of the Human Rights Code. Nothing in CMA Ontario s practical experience requirement, or in its effect upon individuals when applied to them, shall act to deprive individuals of their right to accommodation without undue hardship in accordance with the Ontario Human Rights Code. Human rights complaints can be submitted to the Corporate Secretary & Registrar of CMA Ontario. 208 Test Behaviour Students or candidates are expected to act as professionals at all times during tests. Please note the following instructions regarding test writing conduct: - Students are expected to confirm the place and time of scheduled tests. - Students or candidates are expected to come prepared with a pencil, eraser, pen, approved calculator and identification, to write each test. Candidates may be asked to remove other items at the invigilator s discretion. - Any form of collaboration between parties related to cheating - be it copying from another paper, or allowing copying from a test paper - will result in an automatic mark of zero on the test for both parties. - Students or candidates caught with a cheat sheet or who do not stop writing their tests when requested by the test invigilator will receive a mark of zero on their test. - Unethical behaviour of this nature may be addressed under Section 24 of CMA Ontario s Bylaws: Discipline of Members, Complaints Committee. - Certified Management Accountants of Ontario has provided the invigilators and instructors full authority with respect to test writing conduct. Any violations of said conduct will be reported to CMA Ontario for action. 209 Time Limit & Activity Requirement Students are required to pursue the CMA designation by regularly taking courses through a recognized post-secondary institution or baccalaureate program or successfully completing the Accelerated Program. Candidates must receive a prerequisite credit within 12 months of the last enrolment or new prerequisite earned toward the CMA Program. Failure to complete any prerequisite credit within 12 months of the last enrolment may result in Inactivation of registration with CMA Ontario as a student or candidate. Section 200: General Requirements for All CMA Programs p. 7

Candidates must complete all aspects of the CMA Program within five years of their point of entrance into the program (see Section 203 CMA Program Eligibility for definition of point of entrance). 210 Appeals Candidates may appeal any decision made by CMA Ontario Accreditation upon reasonable grounds. To proceed with an appeal, candidates are required to submit, in writing, a summary of the decision being appealed, the candidate s appeal case, as well as all supporting documentation pertaining to the decision in question to the appropriate Program Advisor. Appeals pertaining to transcript evaluations or practical experience will be reviewed and a decision will be returned to the candidate in writing within six weeks. 211 Plagiarism As CMA candidates, group work completed must be unique work performed by each group independently and individual assignments must be unique work performed by each candidate independently. The CMA Program websites use Turnitin plagiarism detection software for all assignments posted by candidates onto the site. Several years of submitted assignments are stored in the database from candidates across Canada. The software also scans the Web for other sources of content. If any notices of plagiarism are reported by the CMA Canada markers or CMA Ontario moderators, either independently or with the assistance of this software, CMA Ontario will be notified for further investigation and will be in contact with the affected candidate s group. Each case is reviewed individually, and may result in the deferral or removal of the candidate(s) from the CMA Program. This policy applies both to the candidate that used someone else s assignment and also the student who knowingly let someone use their assignment. CMA Canada has developed a National Plagiarism Policy Statement and this is set out below in the context of the CMA Program. Section 200: General Requirements for All CMA Programs p. 8

Guidelines on Plagiarism in the CMA Program Introduction Researching information from published materials and sharing ideas with other candidates are legitimate approaches to learning and both approaches are required in the CMA program. However, all assignments and presentations must reflect original work and responses, with references to other sources correctly cited. The following information and policies about plagiarism have been approved by all the partners of CMA Canada and will be strictly enforced. Definition of Plagiarism Plagiarism consists of presenting (or misrepresenting) any part of another person s work as one s own. In the context of the CMA Program, this applies to all assignments, online discussions, business application reports, oral presentations, and Board Reports. Plagiarism can include phrases, paragraphs, passages or ideas taken from any book, website, article, encyclopedia or other reference material, another candidate s or CMA Program group s paper (past or present), anything found on the Internet, or any group discussions (when preparing an individual assignment), that have not been correctly credited to the source. CMA Canada s Position of Plagiarism CMA Canada and its partners consider any instance of plagiarism, as defined above, to be cheating and a form of intellectual theft. By submitting their work through the CMA Program s websites or presenting it in the context of a program session or formal presentation, candidates consent to their work undergoing plagiarism detection reviews using plagiarism detection software and to their submitted work being retained in a confidential database for comparison with other work submitted by candidates. Penalties Suspected instances of plagiarism will be immediately reported to CMA Canada and/or its partners. The provincial partners will review each case individually and based on the outcome will assess strict penalties and disciplinary measures. Section 200: General Requirements for All CMA Programs p. 9

Where a candidate has been found to have committed plagiarism or violated the Professional Misconduct and Code of Professional Ethics, the candidate will be required to attend the CMA Ontario Ethics course at the candidate s expense before continuing in the program. CMA Ontario reserves the right, at CMA Ontario s sole discretion, to defer candidates or discontinue candidates active status with CMA Ontario for these infractions. 212 Application for CMA Membership An Application for CMA Membership (formerly the certified membership application) will be made available to all eligible candidates in June. To be considered for membership with CMA, candidates must have successfully completed all requirements for the CMA program path in which they are enrolled in full and includes the practical experience requirement. As well, candidates must have paid all outstanding fees and have submitted the proper documentation by the specified due date. Candidates will require a CMA to sponsor the Application for CMA Membership. The sponsor must be a CMA certified member in good standing who can attest to the candidate s suitability for consideration for CMA membership. To maintain membership and the right to use the CMA designation, the CMA membership fee must be paid annually and members must comply with Continuing Professional Learning and Development (CPLD) requirements. 213 Continuing Professional Learning and Development (CPLD) Upon certification, members are required to fulfill Continuung Professional Learning and Development (CPLD). Additional information about CPLD is available at: www.cmaontario.org/cpld 214 Candidate Transfers Candidate transfers to another province are subject to the approval of the receiving province. Students or candidates moving from Ontario to another province should submit a written request to CMA Ontario s office including their name, candidate number and the new address and telephone numbers. They will be advised of their transfer eligibility. Candidates transferring into Ontario must contact their host (current) provincial/territorial partner to request a transfer. Section 200: General Requirements for All CMA Programs p. 10

215 Registration Deletions Students or candidates may be deleted from registration with CMA Ontario for the following reasons without notice. Time Limit & Activity Requirement Failure to complete all requirements of the CMA designation within five years of eligibility. Candidates must receive a prerequisite credit within 12 months of the last enrolment or new prerequisite earned toward the CMA Program. Failure to complete any prerequisite credit within 12 months of the last enrolment may result in Inactivation of registration with CMA Ontario as a student or candidate. Non-payment: Non-payment of the annual registration fee or any outstanding accounts with CMA Ontario. Failure: Three unsuccessful attempts at any single one of the following components of the CMA Program: CMA Entrance Examination CMA Case Examination CMA Board Report Unprofessional Conduct: Failure to abide by the Code of Professional Ethics. All necessary documentation including but not exclusive to the submission of official, original, final transcripts and practical experience. Section 200: General Requirements for All CMA Programs p. 11

216 Reinstatement after Deletion Reinstatement is not automatic. Requests will be considered in accordance with the policies in place at the time of application for reinstatement. A letter should be submitted to the accreditation department together with the required supporting documentation and reinstatement fee. The letter should include: name, address, prior candidate number, year of deletion, and be accompanied by your transcripts and a résumé. Reinstatements will be reviewed and a decision will be returned to the candidate in writing within 6 weeks. Should changes to the program take place while a candidate is awaiting reinstatement, additional requirements may need to be fulfilled in order to qualify for additional attempts at the CMA Entrance Examination. Candidates being assessed for reinstatement may be required to repeat some aspects of the program. All requests for reinstatement must be accompanied by the applicable fees, which are not tax deductible. 217 Appeal Process of Policy and Regulation Administration Students or candidates whose progress may be affected by the policies and regulations established by CMA Ontario may apply to CMA Ontario for consideration of their case. Such appeals may include, but are not exclusive to: Extensions on Strategic Leadership Program assignment due dates Missed interactive sessions Additional time required on CMA tests or examinations Additional attempts at CMA tests or examinations Requests should be addressed to the accreditation department and should briefly outline the nature of the request and be accompanied by any supporting documentation. Employment-related obligations will not be considered. Section 200: General Requirements for All CMA Programs p. 12

218 Fees To maintain active status, students and candidates are required to submit an annual registration fee upon receipt of their invoice (where applicable). This fee is tax deductible as a tuition fee. The fee covers the period of July 1 to June 30 and is nonrefundable. Students or candidates who have not submitted the fee will have their status inactivated without notice. Strategic Leadership Program students who pass the June Entrance Examination will be invoiced in August for the difference between the pre-professional student fee and the accreditation student fee. Payment is due immediately upon receipt of the invoice. Candidates who pass the October Entrance Examination will be invoiced in December for the difference between the pre-professional student fee and the accreditation student fee. This amount will be pro-rated to reflect that half of the year has concluded. Payment is due immediately upon receipt of the invoice. Year Two candidates who have not submitted their fees by July 30 will not have their assignments marked and will not be able to attend the next interactive session. They may also have their status inactivated without notice. Upon submission of the Application for CMA Membership, Strategic Leadership Program candidates are required to pay the difference in annual fees from accreditation candidate to CMA membership. Candidates in the Combined CMA Master s Program, Executive Program, Sponsored Professor Program, or Mutual Recognition Agreement are required to pay the CMA membership fee in full. All requests for an official transcript of CMA credits must be accompanied by the applicable fees, which are not tax deductible, and will require three weeks for the request to be processed. 219 Food Allergies CMA Ontario and its catering services will take every necessary precaution to prevent cross contamination regarding food allergies or food sensitivities. However, CMA Ontario assumes no liability should there be an allergic reaction of any kind. Section 200: General Requirements for All CMA Programs p. 13

220 Use of the CMA Designation The CMA designation and the terms CMA and Certified Management Accountant can only to be used by CMA Members in good standing. Nobody other than a Member may use these terms either alone or in combination with any other words. Students and candidates are not considered Members. Section 200: General Requirements for All CMA Programs p. 14

300 Pre-Professional Program Please click here to review the General Requirements for all CMA Programs. All students and candidates are required to be familiar with both the General Requirements for all CMA Programs regulations as well as those regulations pertaining to the program in which they are currently pursuing the designation. 301 Accelerated Program Eligibility To be eligible for the Accelerated Program, students must have an eligible postsecondary degree or have qualified as a CMA mature student and have completed the following CMA prerequisites with a minimum grade of 60% in each required course prior to commencement of the program: Introductory Financial Accounting Introductory Management Accounting Economics Statistics Canadian Business LawAll 5 prerequisite(s) required for the Accelerated program can be fulfilled through the online learning courses offered through Certified Management Accountants of Ontario (CMA Ontario). These courses are for use towards the CMA Ontario program only and may not be recognized at the university level or for the future CMA Ontario Public Accounting Program under development. To register for the Introductory Management Accounting online learning course offered through Certified Management Accountants of Ontario, students must have fulfilled the Introductory Financial Accounting prerequisite first. Candidates that have not yet completed all of the necessary courses to qualify for the CMA Accelerated Program can apply for conditional enrollment. Candidates can be considered for conditional enrollment if they are currently enrolled in the final courses required to satisfy all of the pre-requisites for the CMA Accelerated Program and are expected to have the final grade for all enrolled courses prior to the start date of the Accelerated program. Candidates that register for the CMA Accelerated Program under Conditional Enrollment must complete all enrolled courses with a minimum grade of 60% for undergrad or 70% for master s level courses. Failure to achieve the minimum required grade in the enrolled courses will result in an immediate removal from the Accelerated Program eligibility list subject to the graduated refund policy in effect at the time of the grade submission. Students must successfully pass the CMA Accelerated Program (with a minimum 60% final grade in each segment) to be eligible to write the Entrance Examination. Section 300: Pre-Professional Program Requirements p. 15

The program is available by full-day Saturday or Sunday lectures in selected centres, or by online learning. The program is divided into two segments: Segment 1 covers Weeks 1-11 and Segment 2 covers Weeks 12-22. A 14 month option of the Accelerated Program is now offered on weekday evenings, or by on-line learning, which is approximately at half the pace of the regular program. The program fee includes all course material. A successful attempt at the CMA Accelerated Program is valid for three years after which students may be required to take additional courses through an accredited (accepted by international standards) eligible post-secondary degree should the prerequisite courses for the program change or if there has been significant content change for the CMA competencies. 302 Accelerated Program Evaluation Student evaluation is based on performance in each segment, which is evaluated on the basis of one three-hour test, one four-hour test, and the completion of weekly quizzes in each segment. In addition, students must complete six (6) mandatory management studies quizzes. Students must complete the following management studies quizzes within Segment 1 of the program: Marketing, Human Resources, Operations Management and Information Technology. Students must then complete the Internal Control and Strategic Management quizzes, within two weeks of Test 4 (the final Accelerated Program test in Segment 2). To successfully pass the Accelerated Program and qualify for the Entrance Examination, students must achieve a minimum grade of 60% in each segment as well as successfully complete all of the management studies quizzes. After enrolling, students are provided with access to an interactive web-based learning environment. This website contains detailed lesson notes, reinforcement problems with solutions, pre-recorded online lectures, and related materials. Those enrolled in the online learning option can pose specific questions on the material to an instructor via an online discussion forum, while lecture students will be able to attend classes and ask questions directly to their instructor or via the online discussion forum for their class. Additionally, all students will be provided with a Financial Accounting Primer to review prior to beginning the program to assist in reinforcing the Introductory Financial Accounting material. Students who request the complimentary English language support program are provided with the CMA ESL lecture ready primer. Section 300: Pre-Professional Program Requirements p. 16

The lesson notes and related reinforcement problems and solutions have been designed to assist students in managing their own time in order to develop a good understanding of the topics. It is recommended that students allow for a minimum of 20 hours of study time, on average per week, in addition to the in-class and/or online lecture viewing time. 303 Accelerated Program Tests It is mandatory that students write all four Accelerated Program tests on their scheduled date at the supervised test centre they are assigned. Students (whether taking the program by lecture or online learning) who miss a test for any reason must contact the CMA accreditation office in writing, no later than the Monday following the missed test to appeal for accommodations to be made. Appeals are considered on a case by case basis. Only those students with legitimate reasons for missing a test will be considered. Students who miss a test for any reason that is not accepted on appeal will be assigned a mark of zero for that module, and his or her performance in the CMA Accelerated Program will be deemed incomplete and necessitate re-taking the entire program. Location confirmations for the tests will be posted to the Accelerated Program website one week prior to each test. Two to three weeks after each test, lecture students will have test books returned in class, while online students test books will be returned via regular mail. CMA Ontario does not return Scantron forms or test question papers. Distance learning tests are marked by a professional marker using a template of solutions and marking key. Should a student disagree with the marking, a re-mark may be requested. The original test should be returned to the CMA office within 14 days of receipt, outlining the student s concerns, and payment of $56.50. The re-mark will be returned to the student with appropriate commentary within two (2) weeks. If a student s mark changes, the re-mark fee will be refunded. Note that the student s final grade on the test will be the re-mark mark, even in the event that that mark is lower than their original grade. Students are required to arrange personal and professional commitments around CMA Accelerated Program test dates. Students will not be admitted to the examination room after an Accelerated Program test has been in progress for 30 minutes. The following is a list of materials that can be taken into an examination room for use during the examination: Pens, pencils, erasers, and rulers Texas Instruments TI BA II Plus calculator (provided to all students as part of their program materials when they register for the Accelerated Program) Section 300: Pre-Professional Program Requirements p. 17

All other materials are prohibited. Students must have a soft lead pencil with them when writing the test to enable them to record their answers to the multiple-choice questions on a Scantron answer sheet. Examination material issued to students at the beginning of and during the test (i.e., question paper and test writing booklet) cannot be removed from the examination centre. Students must submit all required test to the test invigilator before leaving the exam room. Any work done on the question paper will not be marked. Any texts, lesson notes, cell phones, reading material, briefcases, etc., will not be allowed into an examination room. All formulae needed to write the test will be supplied as part of the test question paper. Accelerated Program test papers will not be returned or available for review once the student has submitted it for marking. 304 Accelerated Program Program Cancellation Program cancellations are accepted only when the request is postmarked no later than the third week of the program - no cancellations will be considered after this date. Requests for cancellations must be submitted in writing. Students who are unable to continue the program due to extenuating circumstances may request a deferral of the program. Deferrals are considered on a case by case basis. The graduated refund reduction for which students will be eligible is set out in the Pre- Professional Handbook. All cancellations are subject to the administration fee, even if a student is cancelling in advance of the enrolment deadline date. Program material cannot be returned for credit. Should students not continue in the program, an incomplete status will be added to their file. An incomplete status will necessitate re-taking the entire program. Students should consider the instructions regarding inactivity (see Pre-Professional Handbook) prior to cancelling the program. Cancellation in one offering requires readmission to the next available offering only, or completion of an eligible post-secondary credit within six months if not continuing with the Accelerated Program option. 305 Repeating the Accelerated Program Students who fail their first attempt at the program by receiving a final grade of less than 60% on Segment 1 and/or Segment 2 may take a re-write test for each failed segment. Section 300: Pre-Professional Program Requirements p. 18

Re-write tests are made available to students on the scheduled re-write dates for their current program as well as the following year s program. Students also have the option of re-taking the entire program. A student must show a reasonable attempt at each test within the initial enrolment in order to be eligible for re-testing. Attendance at the commencement of the test writing, with a minimum of 2/3 of the test questions attempted is required. Students will not be permitted to register for the Entrance Examination until they have successfully passed the required segment test(s). The segment re-write mark replaces the marks for the two tests in the segment and the weekly quiz grade (if lower than the segment re-write grade), but will not affect management studies quizzes completion. Candidates are permitted a maximum of two attempts at each CMA Accelerated Program segment rewrite test module. If a candidate is unsuccessful in two attempts at a particular segment rewrite test, candidates are required to retake the failed segment through the Accelerated Program distance learning option before taking additional testing. Section 300: Pre-Professional Program Requirements p. 19

306 Entrance Examination Eligibility To be eligible to write the Entrance Examination, students must have completed all of the prerequisite studies indicated on their transcript evaluation by the examination date, or have successfully completed the Accelerated Program. Candidates that have not yet completed all of the necessary courses to qualify for the CMA Entrance Examination can apply for conditional enrollment. Candidates can be considered for conditional enrollment if they are currently enrolled in the final courses required to satisfy all of the pre-requisites for the CMA Entrance Examination and are expected to have the final grade for all enrolled courses prior to the date of the Entrance Examination. Candidates that register for the CMA Entrance Examination under Conditional Enrollment must complete all enrolled courses with a minimum grade of 60% for undergrad and 70% for master s level courses. Failure to achieve the minimum required grade in the enrolled courses will result in an immediate removal from the Entrance Examination eligibility list subject to the graduated refund policy in effect at the time of the grade submission. Candidates that fail to submit final grades for enrolled courses used for conditional enrollment may not receive their Entrance Examination grade. Students must write the Entrance Examination at the first scheduled offering after registering with CMA Ontario and becoming eligible by completing the required prerequisite studies or the Accelerated Program. Activity regulations require that successful Fall Accelerated Program students write the Entrance Examination in June, and that Winter students write in October. Only upon written approval from CMA Ontario may students defer the Entrance Examination to a later sitting. Failure to enrol for the corresponding Entrance Examination sitting without prior deferral approval from CMA Ontario will result in an unsuccessful attempt at the Entrance Examination. All students sitting for the CMA Entrance Examination are required to first complete the CMA Entrance Examination Preparation Program. 307 Entrance Examination Materials The following is a list of materials that can be taken into an examination centre for use during the examination: Pens, pencils, erasers, and rulers One of the following financial calculators: Texas Instruments TI BA II Plus (including the professional model), Hewlett Packard HP 10bII (or HP 10Bii), Hewlett Packard HP 10bII+ or the Sharp EL-738C. Section 300: Pre-Professional Program Requirements p. 20