Resources

Look below for various resources pertaining to Accounting, such as information regarding the CPA designation and the Big Four profiles.

Accounting Specialist at UTSC

The specialist in accounting program is designed for students interested in acquiring a concentrated accounting knowledge that is required to become a professional accountant. This program provides a solid foundation to prepare students to become a Chartered Professional Accountants after graduation. The Program incorporates topics from introductory to advanced financial and managerial accounting, assurance, taxation, economics, and finance.

Students interested in the CPA designation must also complete:

For more information visit https://utsc.calendar.utoronto.ca/specialist-program-management-and-accounting-bachelor-business-administration

PSAP Membership

Want more information and opportunities towards getting your CPA? The Ontario Post Secondary Ambassador Program (PSAP) is perfect for you. By being an ambassador, you will get exclusive access to opportunities like networking and professional development and the CPA MAP to Success Mentorship program, which is designed to connect post-secondary students to industry leaders. Additionally, the PSAP program will help you gain access to additional support and resources such as webinars and experiences through various conferences and competitions that will help equip you to begin your CPA journey on the right track.

 

For more information on how to become an ambassador and its benefits, click on the link below:

https://www.cpaontario.ca/become-a-cpa/events/ambassador-and-teacher-programs/psap

 

Additionally, please join us in welcoming Hanna Kamil and Thurkha Ponsamy as UofT Scarborough’s 2018-2019 CPA Board of Ambassadors (BoA)!

Hanna Kamil is a third year Co-op Management student specializing in Accounting and Thurkha Ponsamy is a second year Management and International Business student. As BoAs, along with Sean Mullin, they hope to connect aspiring accounting students at UTSC and prospective CPAs to all possible opportunities available. The pair will be your liaisons and CPA representatives to educate, interact and show you the ropes of everything CPA.

 

They are looking forward to an amazing year!

 

Make sure to like and follow the UTSC CPA page for more updates on what to expect for the upcoming school year!

If you would like to talk to one of UTSC’s Board of Ambassador (BOA), feel free to email them with the contact information below:

 

UTSC CPA Email: [email protected]

Hanna Kamil: [email protected]

Thurkha Ponsamy: [email protected]

CPA Designation

To enter the CPA Professional Education Program (PEP) you must satisfy the following requirements.

  • An overall GPA of 65 percent in the core courses
  • A minimum grade of 60 percent in each core course
  • 50 percent in non-core courses

Candidates are required to complete at least one applicable prerequisite course in each of the CPA competency areas listed below within 10 years their PEP Commencement date:

  • Financial Reporting
  • Strategy and Governance
  • Management Accounting
  • Audit and Assurance
  • Finance
  • Taxation

For more information visit:

https://www.cpaontario.ca/become-a-cpa/why-cpa/prerequisites/post-secondary-institutions-entry-courses

https://www.cpaontario.ca/become-a-cpa/complete-your-designation/cpa-pep-cfe

CPA PEP Modules

The CPA Professional Education Program (PEP) is a graduate level program that makes up the academic portion of the CPA certification process. It consists of a series of modules leading to the Common Finals Examinations (CFE). Once all six modules are successfully completed (two core modules, two elective modules, and two capstone modules), you will be eligible to attempt the CFE. All modules are eight weeks in length consisting of weekly assignments through CPA”s online teaching platform. Each module also consists of in-person workshops where session leaders will focus on developing enabling and technical skills.

Core and Elective modules are offered four times a year. Capstones are offered once a year leading directly into CFE

  • Capstone 1 (Generally May to July)
  • Capstone 2 (Generally July to August)
  • CFE (September)

This program is designed to be 2 years and on a part-time basis so that candidates can apply their learning at work while earning practical experience.

For an overview of the complete process, refer to the link below:
https://www.cpacanada.ca/en/become-a-cpa/why-become-a-cpa/the-cpa-certification-program/the-cpa-certification-program-overview

Big Four

The big four are the four largest accounting firms which provide professional accounting services in assurance, audit, taxation, management consulting, advisory, actuarial, corporate finance and legal services. The big four accounting firms include Ernst & Young (EY), Deloitte, KPMG, and PricewaterhouseCoopers (PwC). These four accounting firms handle many audits for public companies as well as private companies.

One distinct role that is included in the big four accounting firms is Staff accountant. Staff accountants work under the supervision of a controller, director or certified public accountant. Staff accountants are responsible for various duties, but some examples include preparing documents such as income tax returns, monthly reports and financial statements. Furthermore, there are CPA roles in many industries and as well the government sector. An example a role in the government sector is a compliance executive. Compliance executives ensure that a company is operating within guidelines, government specifications and regulations. They protect the public and the company shareholders from accounting errors or fraudulent practices.

Industry roles under the CPA designation are generally titled as a financial analyst. A financial analyst studies the industry the company is in, the current business trends and competition. They help assist in growing a company to achieve profitability by providing accurate financial assessments. Usually, this accountant works in the retail industry, insurance companies, mutual funds, security firms and other financial-type businesses.

© 2018 Association of Accountancy