Master of Accounting (MAcc)

A unique CPA-accredited Masters program for graduates of liberal arts, science and business programs
Accredited by CPA Ontario (Chartered Professional Accountants of Ontario), the Schulich Master of Accounting (MAcc) is an academically rigorous and highly intensive full-time program designed to prepare students for a career in professional accountancy.

Study with one of Canada’s best accounting faculties to master accounting functions and hone the ability to make effective decisions within legal, financial, regulatory and ethical frameworks. The Schulich MAcc is structured to prepare its graduates for the complex field of accounting while fast-tracking them through CPA Ontario’s Professional Education Program.

Successful graduates of the program will be prepared to sit for CPA’s Common Final Examination (CFE). In addition to gaining in-depth knowledge of all sub-disciplines that constitute the broad field of accounting, students will have an opportunity to deepen their expertise in two of the three program areas of specialized electives: tax, assurance and performance management.

Depending on your background and goals, the MAcc offers multiple pathways to success. Learn more about the MAcc program below, or visit the Admissions page to identify the path for you.
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Shanker Trivedi
Associate Professor of Accounting
Program Director, Master of Accounting

Want to learn more?

“The academic rigour and industry connections of the Schulich Master of Accounting enabled me to advance towards my CPA designation and enrich my career.”

Faghya Shafiq (BBA ’16, MAcc ’17)CFE Gold Medal Winner
Senior Staff Accountant, EY

Career Opportunities

The Schulich Master of Accounting program will provide you with the critical thinking and business acumen required to make informed accounting decisions. Whether you pursue the CPA designation or a career in accounting, this intensive program will allow you to launch your career in the field of accounting.

Throughout the MAcc program you will also have access to the Centre for Career Design (CCD). As Schulich’s in-house team of certified Career Coaches and Industry Advisors, the CCD offers a wealth of innovative programs, resources and individualized coaching to help you launch your career. Meet alumni, recruiters and industry leaders at corporate information sessions and other CCD events and enjoy online access to the very best career tools available.

Recruiters value the technical and accounting skills MAcc graduate possess, paired with their knowledge of legal, regulatory and governance frameworks. Accountants are hired in various functions, such as financial accounting, management accounting, cost accounting, tax planning, estate planning and auditing.

Those pursuing the CPA designation could also work with the leading CPA firms, as well as controller type roles in all industries upon completion of the CPA designation.
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Admission Requirements

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Requirement Checklist

The admission requirements for the MAcc are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in each program is limited. A holistic approach is taken during the application review process and all components of the application are thoroughly reviewed.

A four year undergraduate degree from a recognized post-secondary institution with a minimum B average in the last two full years (or equivalent) of academic work;
OR a three-year degree from an Indian institution with a National Assessment and Accreditation Council (NAAC) rating of at least an A, and who have achieved a first-class rating (60% and above) overall in their bachelor’s degree;
OR students with a three-year non-Canadian degree (except degrees from India) are required to have their degree assessed by the World Education Services (WES) (to be the equivalent of a four-year degree in Canada).
Prerequisite courses in Economics (Micro & Macro), Statistics and Corporate Finance or Canadian Business Law taken at the undergraduate level.
Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) (waived for graduates of Canadian universities within the last five years)
- Acceptable scores on all measures of the GMAT or GRE
- To send your GMAT or GRE test scores to the Schulich School of Business, please use the following process:
  - GMAT: Use the search function within your GMAT/GMAC account to search for the Schulich School of Business when selecting your score recipients.
    - Example of how our name appears: York University, Schulich School of Business, Program Name (ie. Master of Business Administration, Master of Finance, Master of Supply Chain Management, etc.)
  - GRE: Send your score using the following code: 5697
Work Experience
- Post degree work experience is recommended but not required.
Completion of the online application which requires:
- Essays (2 written, 1 timed written, 2 video)
- An up-to-date resume
- Two references
- Unofficial copies of transcripts from all previously attended post-secondary institutions*
- Unofficial copies of GMAT or GRE scores*
Proof of English language proficiency if studies were not completed in English.

^{*Official copies of these documents will be required if an applicant receives an offer to the program.}

Accepted Tests	Minimum Score
IELTS (Academic Test)	7.0 overall (minimum 6.5 on each dimension)
TOEFL	100 iBT (minimum 23 on each dimension) Schulich’s TOEFL code is B710 with Department Code 02

Applicants who have completed at least two years of full-time study at an accredited university in a country (or institution) where English is the official language of instruction are not required to submit an English proficiency test.

Students who have graduated from Schulich within the last five years are eligible for the following:

GMAT/GRE waiver
- If the student achieved a B+ or better GPA during their last two years of undergraduate studies
Letters of recommendation
Essays
A $150 application fee waiver

^{*Also applicable for graduates of Canadian universities within the last five years}

Please note: Your GMAT/GRE score and responses from your referees can be completed after your application has been submitted. A preliminary review of your application will still be done prior to receiving these items.

Students may only submit a single application. Students are not permitted to apply in multiple rounds or to multiple programs.

For more information please see our Application Tips.

Deadlines

The MAcc program is offered on a full-time basis only. Full time studies start in May of each year.

Entry	Round 1	Round 2*	Round 3	Round 4**
May 2025	July 24, 2024	September 4, 2024	November 13, 2024	February 12, 2025
May 2025 ^{(Accelerated)} Schulich i/BBA CPA stream only	January 15, 2025	February 12, 2025	N/A	N/A

^{* International students are encouraged to apply as early as possible to have sufficient time to apply for a study permit should they receive an offer of admission.}
^{** Round 4 is for Domestic applicants only.}

Advanced Standing

Advanced Standing with a Business Degree
Students holding a four-year business degree from a Canadian institution may be eligible for Advanced Standing. Note that you must have a minimum B grade in all applicable courses that are required for Advanced Standing. Meeting these course requirements does not guarantee Advanced Standing. If granted, Advanced Standing would allow you to enter the program at Term 2 in September and complete your degree in twelve months (three terms) of full-time study. Courses required for Advanced Standing completed at the undergraduate level include: Microeconomics and Macroeconomics Statistics/Quantitative Methods Corporate Finance Canadian Business Law Information Systems Introduction to Financial Accounting Introduction to Management Accounting Intermediate Financial Accounting I Registered CPA students who have completed Core 1 of the PEP may also be eligible for Advanced Standing.

Advanced Standing with a Business Degree

Students holding a four-year business degree from a Canadian institution may be eligible for Advanced Standing. Note that you must have a minimum B grade in all applicable courses that are required for Advanced Standing. Meeting these course requirements does not guarantee Advanced Standing. If granted, Advanced Standing would allow you to enter the program at Term 2 in September and complete your degree in twelve months (three terms) of full-time study.

Courses required for Advanced Standing completed at the undergraduate level include:

Microeconomics and Macroeconomics
Statistics/Quantitative Methods
Corporate Finance
Canadian Business Law
Information Systems
Introduction to Financial Accounting
Introduction to Management Accounting
Intermediate Financial Accounting I

Registered CPA students who have completed Core 1 of the PEP may also be eligible for Advanced Standing.

Advanced Standing for Schulich i/BBA
Schulich i/BBA in a non-accounting specialization may be eligible for Advanced Standing to the MAcc program. This program is 12 months in duration beginning in the fall term (September each year). The general admission requirements for the MAcc are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in the program is limited. A minimum B (6.0) average in your last two full years (60 credits) of academic work. If you went on exchange in 3^rd or 4^th year, your exchange grades will be included in your GPA calculation. If your degree is in progress, you must have all of your degree requirements complete, and be eligible to graduate by the end of the summer term prior to the term to which you are applying. Prerequisite courses: ECON 1000/INTL 1200 and ECON 1010/INTL1210 MGMT 1050/OMIS 1050 ACTG 2010 and ACTG 2011 ACTG 2020 FINE 2000 MGMT 3100 ACTG 3110 OMIS 3710

Advanced Standing for Schulich i/BBA

Schulich i/BBA in a non-accounting specialization may be eligible for Advanced Standing to the MAcc program. This program is 12 months in duration beginning in the fall term (September each year).

The general admission requirements for the MAcc are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in the program is limited.

A minimum B (6.0) average in your last two full years (60 credits) of academic work.
- If you went on exchange in 3^rd or 4^th year, your exchange grades will be included in your GPA calculation.
- If your degree is in progress, you must have all of your degree requirements complete, and be eligible to graduate by the end of the summer term prior to the term to which you are applying.
Prerequisite courses:
- ECON 1000/INTL 1200 and ECON 1010/INTL1210
- MGMT 1050/OMIS 1050
- ACTG 2010 and ACTG 2011
- ACTG 2020
- FINE 2000
- MGMT 3100
- ACTG 3110
- OMIS 3710

Accelerated – Schulich BBA Accounting Stream students
Students who have graduated or expect to graduate from the Schulich i/BBA with the accounting specialization may be eligible for the Accelerated MAcc program. If admitted to the Accelerated MAcc program you to enter the program at Term 3 in May. This program is 8 months in duration made up of two consecutive summer terms (May each year). The admission requirements for entry to the Accelerated MAcc program are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in the program is limited. A minimum B (6.0) average in your last two full years (60 credits) of academic work. If you went on exchange in 3^rd or 4^th year, your exchange grades will be included in your GPA calculation. If your degree is in progress, you must have all of your degree requirements complete, and be eligible to graduate by the end of the winter term prior to the term to which you are applying. A minimum B (6.0) average in all CPA courses No individual mark less than C in any CPA-defined core courses. For a list of which courses are defined as core with CPA, click here.

Accelerated – Schulich BBA Accounting Stream students

Students who have graduated or expect to graduate from the Schulich i/BBA with the accounting specialization may be eligible for the Accelerated MAcc program. If admitted to the Accelerated MAcc program you to enter the program at Term 3 in May. This program is 8 months in duration made up of two consecutive summer terms (May each year).

The admission requirements for entry to the Accelerated MAcc program are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in the program is limited.

A minimum B (6.0) average in your last two full years (60 credits) of academic work.
- If you went on exchange in 3^rd or 4^th year, your exchange grades will be included in your GPA calculation.
- If your degree is in progress, you must have all of your degree requirements complete, and be eligible to graduate by the end of the winter term prior to the term to which you are applying.
A minimum B (6.0) average in all CPA courses
- No individual mark less than C in any CPA-defined core courses. For a list of which courses are defined as core with CPA, click here.

Registered CPA students who have completed CPA-accredited Core 2 of the PEP may be eligible for admission to the Accelerated MAcc program.

Tuition & Fees

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Master of Accounting (MAcc) Program Fees

The MAcc is a full-time program consisting of three academic terms. A term is equivalent to one semester, or 12 weeks.

Fees below are based on the Summer 2024 fee framework, and are subject to change.

Student Status	Full-Time Tuition per Term/Semester* ^{Charged in Fall, Winter, and Summer.}	Estimated Program Total** ^{Current tuition fee multiplied by typical number of terms required for program completion.}
Domestic Students ^{Canadian Citizen, Landed Immigrant,} ^{Permanent Resident}	$9,033	$27,099
International Students ^{Visa/Study Permit}	$21,862	$65,586

Student Status

Full-Time Tuition per Term/Semester*

^{Charged in Fall, Winter, and Summer.}

Estimated Program Total**

^{Current tuition fee multiplied by typical number of terms required for program completion.}

Domestic Students
^{Canadian Citizen, Landed Immigrant,}
^{Permanent Resident}

$9,033

$27,099

International Students
^{Visa/Study Permit}

$21,862

$65,586

*Fees are rounded to the nearest dollar and include supplementary fees. For full details on all current tuition, supplementary fees, and student health plans refer to the Student Financial Services website: https://sfs.yorku.ca/fees/courses.

**Tuition fees have not yet been set for the Fall 2024-2025 academic year. Program totals are estimates only and subject to change. The Estimated Program Total is calculated by multiplying current Fall 2023 tuition fees by the standard number of terms required to complete the program. Program total estimates are rounded to the nearest $50.

Study Options

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The length of time required to complete the MAcc depends on students’ academic backgrounds.

Graduates of the Schulich BBA or iBBA program are eligible for direct entry into Term 3 of the Master of Accounting and may complete the degree in 8 months.

For students wishing to exit the MAcc program, diploma options are available after the completion of Term 2 or Term 3. Click below to learn more about these diploma programs.

Available delivery options

(Accelerated MAcc Full-time, May entry) Business Graduates from the Schulich School of Business, CPA Accredited Stream 8 months
(Advanced Standing MAcc Full-time, September entry) 12 months
(Full-time, May entry) 16 months

Location(s)

Keele Campus Toronto, Canada

Graduation Requirements

Exit Options

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If you are unable to complete the full MAcc program Schulich offers two exit diploma options. Please see details below.

Diploma in Intermediate Accounting (DIAc)

The Diploma in Intermediate Accounting (DIAc) is an 8-month exit diploma for Master of Accounting (MAcc) students who elect to graduate after completion of Term 2 of the MAcc program.

Students opting to graduate after Term 2 with the DIAc will have a solid foundation in the field of Professional Accountancy in Canada and a thorough understanding of financial and management accounting fundamentals.

If you are considering this option, please connect with Student & Enrolment Services, SSB W263 or studentservices@schulich.yorku.ca for more information. 

The Diploma in Advanced Accounting (DAAc)

The Diploma in Advanced Accounting (DAAc) is an exit diploma for Master of Accounting (MAcc) students who elect to graduate after completion of Term 3 of the MAcc program. 

DAAc is accredited by CPA Ontario. Successful graduates of the program will have completed the CPA Electives and be eligible for entering the capstone phase of CPA’s accreditation program. Completing the Diploma in Advanced Accounting allows you to be exempt from the CPA PEP Elective modules.

If you are considering either of these options, please connect with Student & Enrolment Services, SSB W263 or studentservices@schulich.yorku.ca for more information. 

Curriculum Overview

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The Master of Accounting (MAcc) is a full-time only program. To accommodate working professionals, Term 4 is offered in a bi-weekly weekend format to prepare students with the requisite skills to successfully complete the CFE.

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51.00 credits of core courses
9.00 credits of elective courses from three sets of electives
C- or greater grade in each course

Click on the course code to view the full description.

Please note that course sequencing is subject to change.

Term 1 (Summer)

ACTG 5101 3.00 FINANCIAL ACCOUNTING FUNDAMENTALS
Provides a technical focus for students destined to complete research in an accounting field or pursue an accounting career. It is the foundation for all financial accounting courses in the Master of Accounting program. The fundamentals include: understanding and completing accounting transactions and the accounting cycle; understanding the conceptual framework; selecting accounting policies; preparing, understanding and analysing financial statements; making business decisions considering different accounting alternatives.

NOTE: Open only to MACC students
ACTG 5211 3.00 MANAGEMENT ACCOUNTING FUNDAMENTALS
This course addresses managerial accounting, which includes a variety of tools and concepts that assist managers with the planning and co-ordination, motivation and evaluation of activities of the organization and its members. The course includes an in-depth study of cost and management accounting techniques/concepts and their application to product costing, planning, control and decision-making.

Pre-requisite[s] ACTG 5101 3.00.

NOTE: Open only to MAcc students
ACTG 6120 3.00 INTERMEDIATE FINANCIAL ACCOUNTING I
OMIS 6710 3.00 MANAGEMENT INFORMATION SYSTEMS
This course acquaints students with the management issues, concepts and terminology associated with information systems technology. With its focus on management issues, the course is of interest to students with either a technical or a non-technical background. Issues discussed include: telecommunications; networks; multimedia; data models and their relation to organization models; systems development processes; and systems theory. Students will learn to recognize the technical and organizational problems generated by introducing new technology and the long-term organizational implications of these decisions.

Prerequisite: SB/OMIS 5110 1.50
Prerequisite exempted for students pursuing Diploma in Intermediate Accounting (DIAc)

PLUS

FINE 5200 3.00 MANAGERIAL FINANCE
Provides an opportunity to learn about investment and financing decisions. The investment decisions involve asset valuation, capital budgeting, risk management, working capital management and performance assessment. The financing decisions include the choice of capital structure and financial instruments, the risk-return trade-off, financial planning and cost of capital. Ethical, environmental, and corporate governance considerations are integrated into investment and financing decisions.

MGMT 6200 3.00 BUSINESS ADMINISTRATION AND THE LAW
This course familiarizes students with basic legal concepts and principles relevant to business administration. Topics include: the Canadian judicial system; contract law; tort law (including negligence, product liability and defamation); forms of carrying on business (including sole proprietorships, partnerships and corporations); bailment, agency and employment law; real property and mortgage law; and intellectual property law (including trademarks, copyright and patents). Prerequisite: All 5100-series Required Foundations of Management Core Courses. Note: Law students or students with law degrees are not permitted to take this course.

Term 2 (Fall)

ACTG 6140 3.00 INTERMEDIATE FINANCIAL ACCOUNTING II
ACTG 6250 3.00 FINANCIAL REPORTING AND ANALYSIS
This course examines why stock prices react when firms announce their earnings, and why certain trends in industry earnings affect stock prices of many firms in that industry. Under highly stylised Generally Accepted Accounting Principles (GAAP), abnormal accounting earnings of a firm can be discounted to derive an estimate of the share price. This course therefore offers a direct link between accounting policy choices, abnormal earnings (based on adjusted reported earnings) and stock price valuation.

Prerequisite: SB/ACTG 5100 3.00.

Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

Course Credit Exclusion: SB/FINE 6600 3.00 (either SB/ACTG 6250 3.00 or SB/FINE 6600 3.00, but not both, may be taken for credit).
ACTG 6550 1.50 ADVANCED MANAGEMENT ACCOUNTING
This course focuses on managerial planning, performance, and control systems in organizations that direct the behaviour of corporate officers and managers, in order to achieve a specific goal. Different tools and techniques are reviewed including methods of incentivizing employee productivity, compliance, and overall performance assessment. The course emphasizes decision-making through the analysis of case studies and discussions.

Prerequisite: SB/ACTG 5211 3.00
ACTG 6600 3.00 AUDITING STANDARDS & APPLICATIONS
This course focuses on the standards and applications underlying the latest functions and responsibilities of external and internal auditors. The theory of audit evidence and certain basic techniques are used to provide an understanding of auditing methodology. The auditor's responsibility beyond the financial audit and current developments in auditing are also examined. Students may be expected to complete a research paper or project.

Prerequisite: SB/ACTG 5100 3.00.

Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).
ACTG 6710 3.00 INTRODUCTION TO INCOME TAXATION
ACTG 6201 1.50 MULTI-COMPETENCY CASE ANALYSIS FOR ACCOUNTANTS
This course will build on the case analysis fundamentals learned and applied in the previous terms courses. Focusing on financial accounting, the students will work on integrating their analysis with other competency areas including tax, assurance, management accounting, finance and corporate governance. In addition to the specific competency areas, case analysis considers the impact of the development, implementation and use of information systems for the management and processing of data in business settings.

Prerequisite: ACTG 6120 3.00
Co-requisite: ACTG 6140 3.00
NOTE: Open only to MACC students

Term 3 (Winter)*

*Recent graduates who are admitted directly to Term 3 will begin in Summer.

ACTG 6301 3.00 INTEGRATIVE CASE ANALYSIS FOR ACCOUNTANTS
This is the second of six case courses for the MAcc Program This course requires students to integrate knowledge obtained in the courses taken throughout the program and apply that knowledge to cases that incorporate all of the competency areas, including financial reporting, strategy and governance, assurance, finance, management accounting, and taxation.

Prerequisite: SB/ACTG 6201 1.50.

NOTE: Open only to MACC students and MBA students pursuing the CPA designation
ACTG 6720 3.00 ADVANCED INCOME TAXATION

Elective Options (12.00 credits)

Students must choose any three of the four sets of electives. Please note students pursuing public accountancy must complete Assurance and Tax.

Assurance

ACTG 6160 3.00 ADVANCED FINANCIAL ACCOUNTING
ACTG 6610 3.00 ADVANCED AUDITING
This course extends students' knowledge in the area of auditing by examining the role of the profession in society today, evaluating current issues facing auditors, and building on their understanding of the general audit framework and its fundamental theories. It also examines specific audit topics such as legal liability, comprehensive auditing, fraud, audit of not-for-profit organizations, environmental auditing and small business audits. Prerequisite: ACTG 6600 3.00 Auditing Standards and Applications

Performance Management

SGMT 6000 3.00 STRATEGIC MANAGEMENT
This course examines business and corporate strategy. The focus is on strategic management, the process of choosing and defining purposes and objectives, formulating, and implementing a viable strategy and monitoring strategic performance. It deals with the organization in its totality and demonstrates how and why the various functions of business are interdependent and need to be coordinated for the organization to perform effectively. The course applies the discipline of strategic management to a variety of organizations while addressing issues of ethics, sustainability and corporate social responsibility.

Course Credit Exclusions: SB/INTL 6000.030, SB/PUBL 6000.030 Prerequisites: Students are required to complete all 5000-series Required Foundations of Management Core Courses before enrolling in this course.

Prerequisites: Students are required to complete all 5000-series Required Foundations of Management Core Courses before enrolling in this course.

Tax

ACTG 6730 3.00 MANAGERIAL TAX PLANNING

Term 4 (Summer)

ACTG 6401 3.00 ADVANCED INTEGRATIVE CASE ANALYSIS
This course builds on the previous case courses, and further develops students' problem-solving and decision making skills. Cases include both multi-competency and comprehensive examples, incorporating all technical competency areas (financial reporting, strategy and governance, management accounting, audit and assurance finance, and taxation and enabling). Students work on their communication skills and teamwork through both written reports and presentations.

Prerequisite: ACTG 6301 3.00

NOTE: Open only to MACC students and MBA students in the CPA accredited program.
ACTG 6501 3.00 INTEGRATIVE CASE ANALYSIS - THE CAPSTONE
ACTG 6601 3.00 MANAGEMENT ACCOUNTING: STRATEGY AND PERFORMANCE
ACTG 6650 3.00 STRATEGIC PERFORMANCE EVALUATION
ACTG 6801 3.00 STRATEGIC LEADERSHIP PLANNING AND CASE ANALYSIS
Strategic Leadership Planning and Case Analysis is an integrated module in the CPA Canada qualification process. This course focuses on both strategic leadership and strategic management, including critical thinking, and ethical and professional behaviour. This course is highly participatory and interactive, and helps candidates ensure an integrative perspective is brought to decision-making.

Prerequisite: ACTG 6301 3.00

Faculty

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Schulich's Accounting faculty have been consistently recognized for their teaching excellence, with several faculty members nominated for the prestigious Seymour Schulich teaching awards each year.

In addition to outstanding teaching credentials, faculty members include industry practitioners, editors of highly respected international and Canadian accounting journals and members of editorial boards of premier research journals.

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Student Clubs

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Schulich Accounting Association (SAA)

The SAA targets students who are pursuing their Accounting designation, as well as students who are interested in Accounting or networking opportunities. The club meets its objective by hosting accounting related events that supplement Schulich’s graduate curriculum.

Email: saa@schulich.yorku.ca

Professional Designations

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Graduates of the Master of Accounting program are eligible to write the CPA Common Final Examination (CFE) and pursue a designation as a Chartered Professional Accountant.

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MAcc Admissions

(416) 736-5060

admissions@schulich.yorku.ca

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MAcc Program Details by Category

Admission Requirements

Requirement Checklist

Deadlines

Advanced Standing

Tuition & Fees

Master of Accounting (MAcc) Program Fees

Study Options

Available delivery options

Location(s)

Exit Options

Curriculum Overview

Term 1 (Summer)

Term 2 (Fall)

Term 3 (Winter)*

Elective Options (12.00 credits)

Assurance

Performance Management

Tax

Term 4 (Summer)

Faculty

Program faculty members

Student Clubs

Schulich Accounting Association (SAA)

Professional Designations

Connect with Admissions

MAcc Admissions