AFM101 Core Concepts of Accounting Information

While a mandatory course in the many programs offered by University of Waterloo, AFM101 does not receive Institute credit hours.

Co-op Option

Only the CA Co-op Option in the BAFM, BMath, and BSc Degree Programs about which credit-hour information is provided below qualifies as a Co-op Work Term under Regulation I.

Transfer Credits and Course Mixes Between Universities

Please be aware that, although a recognized university may have granted you a transfer credit or an exemption for a course taken at a post-secondary institution, the course may not fulfill the Institute’s requirements. The Institute will assess ALL transfer credits and exemptions!

It is also essential that students check with the Institute prior to mixing courses between different post-secondary institutions to avoid course content overlap and denial of Institute credits.

Academic Year 2008-09

Master of Accounting (MAcc) Degree Program

Accredited Program - As the Institute's only Accredited Program offering the ICAO Professional Program, graduates of the Master of Accounting (MAcc) Program are considered to have met the Institute’s educational requirements of the 51 credit hours of prescribed university courses and the ICAO Professional Program.  Accordingly, students in the MAcc program are eligible to write the Uniform Evaluation (UFE) immediately following graduation. Students may be exempt from the staff training program requirements - to verify this please check with your MAcc programs director.

Academic Year 2008-09

BAFM/BMath/BSc (Chartered Accountancy, including co-op) Degree Program (4 years, 120 credit hours)

Total Credits Offered: 39

@ = Course available through distance education

Credits Not Offered: (see note below)

    Financial accounting (3 credit hours)
    Advanced accounting elective (3 credit hours)
    Auditing (6 credit hours)

Financial Accounting (15 credit hours required)
Introductory
Credits not offered
Intermediate
AFM291 (3 credit hours)
AFM391 (3 credit hours)
Advanced
AFM401 (3 credit hours)
AFM491 (3 credit hours)

Cost and Management Accounting (6 credit hours required)
AFM102 (3 credit hours)
AFM481 (3 credit hours)

Advanced Accounting Elective (3 credit hours required)
Credits not offered

Auditing (9 credit hours required)
AFM201 + AFM451 (3 credit hours)

Taxation (6 credit hours required)
AFM361 (3 credit hours)
AFM461 (3 credit hours)

Business Information Systems (3 credit hours required)
One of (3 credit hours)
    AFM341
    CS330

Finance/Financial Management (3 credit hours required)
One of (3 credit hours)
   [ACTSC371 + ACTSC372]
   [AFM271 + AFM371]
   [AFM272 + AFM372]
   [ACTSC291 + ACTSC391]

Economics (3 credit hours required)
ECON101@ + ECON102@ (3 credit hours)

Law (3 credit hours required)
One of (3 credit hours)
    AFM231
    MTHEL100

Note: University of Waterloo accounting students obtaining their BAFM, BMath or BSc degree can access the remaining Institute-required courses through the University of Waterloo Diploma in Accounting Program.

    AFM501 (3 credit hours) Advanced Auditing;
    AFM502 (3 credit hours) EDP Auditing;
    AFM503 (3 credit hours) Advanced Accounting Elective; and
    AFM504 (3 credit hours) Advanced Financial Accounting.