Academic Qualification Requirements
Accountancy is a dynamic profession. Its education requirements are geared to meet the increasing demand for the many services that CPAs provide now and in the future.
Entry Routes to Becoming a CPA
The main entry route to becoming a CPA is a bachelor degree. Details on the several possible entry routes to CPA qualification are provided in Regulation 6-1; Student Registration.
The core academic qualification requirement consists of a 4-year, 120-academic-credit-hour university degree in any discipline from any recognized degree-granting institutions, nationally and internationally; relevant experience gained during co-op work terms may qualify as prescribed practical experience, but not as academic requirement.
51 Credit-Hour-Requirement (legacy program)
Individuals are required to successfully complete prescribed degree-credit courses that cover all of the topics in The UFE Candidates' Competency Map: Understanding the Professional Competencies Evaluated on the UFE.
This requirement may be fulfilled as part of the required degree or as post-degree diplomas.
Accredited university programs and streams offer the prescribed courses that have been approved as meeting the 51-credit-hour requirement as a whole.
Most of Ontario degree-granting institutions offer all or most of the prescribed courses in their business degree programs and so do many out-of-province degree-granting institutions. International degree-granting institutions also offer courses that may be recognized toward the 51-credit-hour requirement.
The specific areas of coverage are:
|COMPETENCY AREA||CREDIT-HOURS REQUIRED |
|Financial Accounting (Introductory, Intermediate, and Advanced)||15|
|Cost and Management Accounting||6|
|Advanced Accounting Elective (Financial, Managerial or Capstone)||3|
|Auditing (Introductory, Advanced and EDP)||9|
|Canadian Taxation (Personal and Corporate)||6|
|Management/Business Information Systems||3|
|Economics (Micro and Macro)||3|
|Canadian Business Law||3|
| || |
New CPA Program Beginning Fall 2014
The degree requirements for the new CPA program are the same as under the 51 credit-hour legacy program. The prescribed degree-credit course should be available in November 2013.
For Individual's seeking more information on the new program or on the transition requirements please see our frequently asked questions (FAQ).
Regulation 6-1; Student Registration s. 2.4 requires that a Student have access to a computer that meets the minimum configuration as follows:
- Capability of running Securexam (CA);
- Access to the Internet;
- Acrobat Reader 4.0 (minimum); and
- A valid e-mail address.