Graduate Studies at University of Waterloo

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Accounting (MAcc)

Graduate Studies at University of Waterloo

Faculty:Faculty of Arts
Field of Study:Accounting
Thesis Based:Yes
Course Based:Yes
Length:8 Month(s)
Cost per year:*
National: $9,000

This cost estimate represents the tuition for the first year.


Students from Waterloo's AFM, or Math/CPA, or Biotech/CPA programs can combine their undergraduate degree with the Master of Accounting (MAcc) program to move directly to the CPA Common Final Examination (CFE). AFM or Math/CPA or Biotech/CPA + MAcc is designed to develop the knowledge and skills within the CPA Professional Education Program. The 3 undergraduate programs allow students to explore all 6 CPA technical competency areas - Financial Reporting, Strategy and Governance, Management Accounting, Audit and Assurance, Finance, and Taxation. In MAcc, you'll complete the integration of the CPA core modules, and by selecting 2 CPA electives, add depth in the areas of Assurance, Performance Management, Tax, or Finance. The CPA Capstones will round out your MAcc before you proceed directly to the CFE - all in 8 months.


These courses are intended as guidelines. Speak to your guidance counsellor to see what courses are offered at your school.
    Successful completion of any of the following University of Waterloo four-year Honours undergraduate degrees with at least a 75% average across all courses taken in the last three years:
  • Bachelor of Accounting and Financial Management
  • Bachelor of Math/Chartered Professional Accountancy Studies, or
  • Bachelor of Science/Chartered Professional Accountancy Studies
    Completion of the following set of Accounting and Financial Management (AFM) courses with at least a 75% average across all courses, calculated using the grade from the first attempt at a course in the case of repeated courses:
  • AFM 311 Connections to Ethical Context
  • AFM 341 Accounting Information Systems
  • AFM 351 Audit Strategy
  • AFM 362 Taxation 1
  • AFM 363 Taxation 2
  • AFM 373 Cases and Applications in Corporate Finance or AFM 476 Cases and Applications in Corporate Finance
  • AFM 391 Intermediate Financial Accounting 2
  • AFM 401 Accounting Theory
  • AFM 433 Business Strategy
  • AFM 462 Taxation 3 for Public Accountants
  • AFM 479 Cases and Applications in Finance II or AFM 424 Equities and AFM 322 Derivatives or ACTSC 371 Introduction to Investments and MATBUS 470 Derivatives
  • AFM 481 Cost Management Systems
  • AFM 482 Performance Measurement and Organization Control
  • AFM 491 Advanced Financial Accounting
  • Application Notes :
  • Application materials: transcript(s)
  • English language proficiency (ELP) (if applicable)
  • * We make every attempt to provide accurate information on prerequisites, programs, and tuition. However, this information is subject to change without notice and we highly recommend that you contact the school to confirm important information before applying.

    Modified on September 27, 2022