Graduate Diploma in Chartered Professional Accountancy
SHORTEN YOUR PATH TO EARNING THE COVETED CPA DESIGNATION
Exceptional CPA accredited preparation for your Common Final Examination (CFE)
Direct in-class instruction with CPA designated instructors
Pre-CFE study shortened by 8 months
THE TELFER CPA GRADUATE DIPLOMA HELPS YOU REACH YOUR CPA DESIGNATION FASTER. START THE PROGRAM IN SEPTEMBER 2020 AND WRITE THE CFE IN MAY 2021 (OR SEPTEMBER 2021).
To practice as a professional accountant, you’ll need the coveted Chartered Professional Accountant (CPA) designation. A CPA designation provides you with the toolkit of skills and knowledge that are in high demand by top organizations. Being a CPA is about having the designation that gives you the opportunity to build the career you want. It’s your ticket to a world of opportunities in accounting and finance. CPAs are in demand thanks to their financial expertise, strategic thinking, business insight and management skills.
Achieving the CPA designation is quite a challenge! In order to earn your CPA designation, you need to complete:
- Common Final Examination (CFE)
- 30 months of practical work experience (CPA Ontario), or 24 months (CPA Quebec)
Completing this graduate diploma will cover Core 1, Core 2, Elective 1 and Elective 2 content in just four months, exempting you from completing this coursework online.
A PROGRAM SPECIFICALLY DESIGNED FOR YOU
The Telfer Graduate Diploma in Chartered Professional Accountancy (Telfer CPA) has been especially designed for our Telfer Bachelor of Commerce Accounting graduates* to help speed up their PEP progress by at least 4 months, and help them pass the Common Final Examination (CFE). The Telfer CPA is an in-class full-time graduate-level one-term Fall program, accredited by CPA Ontario that is taught by CPA-designated instructors. It covers all of the PEP courses up to Capstone 1, giving you Advanced Standing in the PEP program. *Exceptionally, candidates from other Canadian universities may also be considered.
HOW IT WORKS
The program allows you to work on cases individually and in groups, participate during in-class discussions, and ask questions one-on-one with the professors.
All course work is based on relevant lectures and case analysis, which directly prepares you for the format of the CFE. Each day, you will be exposed to a new case which you will then review in class the following day.
From Monday to Friday, you will attend class from 8:30 a.m. to 11:30 a.m. In the afternoon, it is recommended to use your time for case preparation, case debriefing, and topical readings.
THE TELFER CPA – BENEFITS
COMPARE THE DIFFERENCES BETWEEN THE TELFER CPA GRADUATE DIPLOMA AND THE CPA PEP TO DETERMINE THE RIGHT FIT FOR YOU:
Telfer CPA Graduate Diploma
- Lectures, team work, and a new case each day (at least 75 CFE-type cases used and discussed in class during the program).
- Participation, cases and two exams — a mid-term and a final exam (similar to the format of the CFE).
Both prepare you for the CFE and CPA designation Telfer CPA Graduate Diploma
TIMELINE OF CPA DESIGNATION STUDIES
The Chartered Professional Accountants’ Professional Education Program (CPA PEP) sets the standard for obtaining your CPA designation.
However, with the Telfer CPA Graduate Diploma, you are able to complete the Core 1 & 2 and Elective 1 & 2 curriculum in our 4-month full-time semester at Telfer and receive Advanced Standing.
CPA STUDIES WITH THE TELFER CPA GRADUATE DIPLOMA & CPA PEP
Start your Bachelor of Commerce at Telfer Apply to the Telfer CPA Graduate Diploma in fourth-year Complete your Bachelor of Commerce Take the Telfer CPA Graduate Diploma Program Complete CPA Capstone Module #1 Complete CPA Capstone Module #2 8 months in total Earn your CPA Designation Start your Bachelor of Commerce at Telfer Complete your Bachelor of Commerce Complete CPA Core Module #1 Complete CPA Core Module #2 Complete CPA Elective Module #1 Complete CPA Elective Module #2 Complete CPA Capstone Module #1 Complete CPA Capstone Module #2 At least 12 months Earn your CPA Designation
THE TELFER CPA – FEATURES
- Specifically designed for Telfer Bachelor of Commerce Accounting graduates to help speed up PEP progress by at least 4 months.
- Lectures and case-based studies allow you to view highly relevant topics and various cases in preparation for the CFE.
- CPA-accredited program that provides you with Advanced Standing towards Capstone 1 and 2.
- Accredited by CPA Ontario, and recognized by CPA Quebec.
- Study in a small group of approximately 20 students for direct contact with CPA-designated course instructors.
- Strong student experience and networking opportunity.
- Complete in-class full-time studies, taking 5 courses in a four-month semester.
- Take time off of work for only one semester, as compared to two semesters in many other post-secondary programs.
- Program alumni shared that they were well prepared for success on the CFE.
The program offers you five key courses, during a 4-month semester, to deepen your knowledge in the following areas: Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance and Taxation.
The topics cover the CPA PEP’s Core modules 1 & 2 and Elective modules 1 & 2 course. Moreover, the Telfer exams mimic the format of the CFE.
Non-routine accounting transactions, including uncommon capital assets, restructurations, hedge accounting, complex financial instruments, complex note disclosure, and public sector financial reporting. Complex transactions involving consolidation, revenue recognition, stock-based compensation, asset impairments, intangible assets, leases and future income taxes. Emerging trends in financial reporting.
Non-routine engagements related to corporate social responsibility, system design, acquisition, and development to meet information needs, assurance engagements other than traditional financial statement audit including review, compilation, and comprehensive audit engagements. Quality control standards, specialized areas, and public sector. Implications of pending changes in assurance standards.
Determination of taxes payable for corporations in non-routine transactions, evaluation of tax consequences or tax planning opportunities for shareholders and their closely held corporations and for complex corporate transactions, including restructuring transactions, the determination of taxes payable for individuals in non-routine transactions, the evaluation of tax planning opportunities for individuals, including estate planning opportunities, determination of tax consequences for non-residents.
Integration of technical competencies in financial accounting, strategy and governance, management accounting, audit and assurance, finance and to a lesser extent, taxation in realistic professional work situations. Methodological approach to analyze cases in accounting. Business valuation. Professional and ethical behaviour, problem solving and decision making, communication, self-management, and teamwork and leadership.
To be admitted into the program, you must:
- Have completed a bachelor’s degree from a Canadian University (no international equivalencies will be accepted), with a minimum admission average of 6.0 or B (70%) calculated in accordance with Graduate Studies guidelines;
- Have achieved a minimum grade of C (60%) in each of the 24 undergraduate courses listed below or their equivalent;
- Have achieved a minimum average of B+ (75%) in the 24 undergraduate courses listed below or their equivalent.
- COMMON CORE COURSES
- ADM2350 Financial Management
- ADM4341 Advanced Auditing
- ADM4344 Taxation II
- ADM4348 Special Topics in Financial Accounting
- ADM4349 Advanced Accounting
How to Prepare for the Graduate Diploma
To maximise your student experience and that of your peers, you are expected to review the competencies already developed at the undergraduate level, before beginning the graduate program. This is in line with the Self-Management enabling competency included in the Canadian Chartered Professional Accountant Competency Map.
Your self-revision program should take approximately 200 hours and should cover the following courses:
- Financial Accounting: ADM2342 / 3340 / 4348 / 4349
- Management Accounting: ADM2341 / 3346 / 4345
- Auditing: ADM3349 / 4341 / 4346
- Finance: ADM2350 / 3350
This self-study program will ensure all students are at a similar level when case studies are undertaken in the diploma courses.
In order to complete your review, the CPA Competency Map Study Notes published by Densmore Consulting Services Inc. might be useful.
“What I liked about the format of this program is that it allowed me to complete the entire CPA educational process within 13 months — from the first modules to Capstone 1, Capstone 2, and then, ultimately, prepared me for success at the CFE.”
- Testimonial by Christiane Bertrand Successful CFE writer
Once you obtain your CPA designation, you can elevate your career in accounting. More job opportunities will be open to you in government, private-sector, and industry practice such as in financial institutions, property management, provincial or federal government organizations, consumer-packaged goods and more. You will be prepared for analyst, auditor, controller, and accountant roles with opportunity to grow in your role.
The program tuition fees are approximately $9,500. This amount does not include incidental fees and the cost of books, case materials and any other instructional supplies.
Submit your Application
Deadline: June 1st
Please submit your application by the deadlinethrough the Ontario Universities’ Application Centre (OUAC) and start the Telfer CPA Graduate Diploma in September. Then you can write the CFE in the following May, or September.
No documents are required if you completed your Bachelor of Commerce at the Telfer School. If you studied at another Canadian university, you will be required to submit the transcript.