Obtain a Advanced Certificate in Accounting & Finance (ACAF)
Earn the Advanced Certificate in Accounting & Finance (ACAF)
The Advanced Certificate in Accounting and Finance (ACAF) is an online education program developed by Chartered Professional Accountants of Canada (CPA Canada) for those aspiring to careers in accounting and finance, but not as qualified CPAs. The program consists of eleven courses: six technical courses and five applied courses.
More information: Earn the ACAF
ACAF Program Requirements
Individuals interested in earning the ACAF are advised to submit transcript(s) to CPA Ontario for assessment. CPA Ontario will confirm your eligibility for the ACAF program and provide the best advice for achieving any missing prerequisites.
The minimum entry requirement into the ACAF program with CPA Ontario is 30 credit hours (or equivalent one year of full-time study) at a post-secondary institution or three years of relevant work experience. All entry courses and technical courses must be successfully completed before enrolling in any applied courses.
CPA Ontario has recognized the following courses offered by the School of Continuing Studies towards exemptions from the ACAF entry, technical and applied courses:
|ACAF Entry Courses||School of Continuing Studies ACAF Approved Courses|
|IntroFA||Introductory Financial Accounting||SCS 0984 Accounting: The Fundamentals|
|IntroMA||Introductory Management Accounting||SCS 0983 Management Accounting|
|IFR1||Intermediate Financial Reporting I**||SCS 3404 Intermediate Financial Accounting 1|
|IFR2||Intermediate Financial Reporting II**||SCS 3405 Intermediate Financial Accounting 2|
|Law||Business Law||SCS 0973 Business Law|
|ACAF Technical Courses||School of Continuing Studies ACAF Approved Courses|
|AFR||Advanced Financial Accounting**||SCS 0914 Advanced Financial Accounting|
|Finance||Corporate Finance*||SCS 0976 Financial Management|
|Assurance||Audit and Assurance**||SCS 2331 External Auditing|
|Tax||Taxation**||SCS 0975 Taxation for Canadian Business|
|IMA||Intermediate Management Accounting*||SCS 0915 Advanced Management Accounting|
|IT||Information Technology*||SCS 1209 Management Information Systems|
|ACAF Applied Courses||School of Continuing Studies ACAF Approved Courses|
|INT||Ethics and Workplace Skills**||SCS 3415 Business Ethics|
|EEA||Applied External Audit**||SCS 3412 Applied External Auditing|
|EPT||Applied Personal and Corporate Taxation**||SCS 3414 Applied Personal and Corporate Taxation|
|EPS||Public Sector Financial Management Practice**||SCS 3418 Public Sector Financial Management Practice|
|ENP||Not-for-Profit Accounting and Related Topics**||SCS 3413 Not-For-Profit Accounting and Related Topics|
|APP||Business Applications**||SCS 3417 Professional Application of Business Concepts|
|PAS||Accounting Software Application||Complete directly through Sage University|
A minimum grade of 60 per cent is required in the courses denoted with an asterisk (*) and a passing grade in all other courses. Courses denoted with two asterisks (**) are subject to both the 60 per cent minimum grade requirement noted above as well as the ten-year course currency of education policy.
Updated: January 2018
The Association may offer designations in addition to the one(s) identified. The University of Toronto School of Continuing Studies is committed to providing current and accurate information about the requirements of the Association leading to the designation(s) identified. Given that everyone has a unique combination of education and professional experience, contact the Association directly to confirm your pathway to the designation.