Looking to break into the field of accounting?
Our Certificate in Accounting – Finance will give you a solid understanding of current accounting principles and practices in Canada. Upon completion of the program, you will be equipped with the accounting background required for entry-level positions and prepared to pursue higher levels of certification.
- can be completed online or in-class
- is eligible for OSAP
- is comprised of degree credit courses
- includes courses that support admission to the CPA Professional Education Program
- offers Ryerson undergraduate students who are minoring in Accounting or Finance an opportunity to complete courses in the evening or online
- offers students the opportunity to apply all, or most, of the credit earned through the certificate as transfer credits to a Bachelor of Commerce program at Ryerson or at other universities (subject to admission and the requirements of the degree to which you are applying)
What Will You Learn?
- Measure and report financial transactions
- Analyze financial information communicated through statements
- Identify, classify, and summarize costs and expenses
- Prepare budgets and determine variances
- Understand different cost-accounting systems
- Address problems related to cost determination, allocation, budgeting, and control
- Apply key practices of management accounting for improved business performance
Who Should Take This Certificate?
- College or university graduates of non-accounting fields who want to pursue the Chartered Professional Accountant (CPA) designation
- Newcomers to Canada who are seeking a Canadian university credential in accounting and finance to build their resumé
- Business owners or managers who want to enhance their accounting acumen
- Working professionals with the goal of pivoting their career into accounting or finance
Who Teaches the Courses?
Our instructors bring extensive education and real-world accounting expertise into the courses. Some are faculty members in the School of Accounting and Finance at Ryerson’s Ted Rogers School of Management; many hold professional designations, such as Chartered Professional Accountant or Certified Management Accountant.
Industry and Careers
Did you know?
- Accountant is one of Randstad Canada’s “Top 15 Jobs” in the country1
- Most in-demand: Mid-level accounting positions with average salaries of $63,000 to $75,000
- As home of the TSX and the head offices of Canada’s biggest banks, more than 65% of new accounting–finance jobs in the country were located in Toronto in 2017–18.
- The CPA designation is widely considered the industry gold standard and virtually guarantees steady employment.
A career in accounting is full of opportunities – in any industry and across all sectors. Our career wheel demonstrates a sample of the career areas in accounting that you may consider pursuing upon completion of the Certificate in Accounting – Finance.
1 Randstad: The Top 15 Jobs in Canada in 2019
- 6 required courses*
- 2 electives
- Cumulative grade point average (GPA) 1.67+
*If you are an internationally educated professional who has received a waiver from the CPA for CACC 110 and CACC 410, you may apply to the academic coordinator to waive these courses. If granted a waiver, you will need to complete 4 electives (instead of 2) to fulfill the certificate requirements.
- Ontario Secondary School Diploma (OSSD) or equivalent
- With 6 Grade 12 U or M credits
- Mature student status with relevant professional experience in business
Recommended Course Sequence
We recommend the following course sequence:
- Complete the six required courses, beginning with CACC 110 - Financial Accounting.
- Complete two elective courses. If you are working towards CPA accreditation, choose electives that count as CPA preparatory courses (refer to “Professional Designations and Accreditation”).
Tentative Schedule for 2019/20
Please note that this is subject to change.
O = Online Course
C = Classroom Course
|Required Courses||Prerequisites||CPA Preparatory Course?||Fall 2019||Winter 2020||Spring/Summer 2020|
|CACC 110 - Financial Accounting||Yes||O,C||O,C||O,C|
|CACC 410 - Management Accounting||CACC 110||Yes||O,C||O,C||O,C|
|CACC 414 - Intermediate Accounting I||CACC 410||Yes||O,C||O,C||O,C|
|CACC 514 - Intermediate Accounting II||CACC 414||Yes||O,C||O||O|
|CFIN 300 - Managerial Finance I||CACC 110||Yes||O,C||O,C||O,C|
|CFIN 401 - Managerial Finance II||CFIN 300||Yes||O,C||O,C||O,C|
|Elective Courses (Select Two)|
|CACC 504 - Accounting Cases and Concepts I||CACC 514||Yes||C||C||C|
|CACC 521 - Auditing||CACC 514||Yes||C||C||C|
|CACC 522 - Taxation for Managers and Financial Planners||CACC 110||C||C||C|
|CFIN 502 - Personal Financial Planning||CFIN 300||O,C||O,C||O,C|
|CITM 102 - Business Information Systems I||O,C||O,C||O,C|
|CLAW 122 - Business Law||Yes||O,C||O,C||O,C|
|CQMS 102 - Business Statistics I||Yes||O,C||O,C||O,C|
Professional Designations and Accreditation
The path to becoming a Chartered Professional Accountant requires dedicated effort; the career benefits of achieving this professional designation make that effort worthwhile.
When choosing your elective courses in the Certificate in Accounting-Finance, be sure to select courses that count as CPA preparatory courses (refer to the chart below).
|Required Courses||Prerequisites||CPA Preparatory Course?|
|CACC 110 - Financial Accounting||Yes|
|CACC 410 - Management Accounting||CACC 110||Yes|
|CACC 414 - Intermediate Accounting I||CACC 410||Yes|
|CACC 514 - Intermediate Accounting II||CACC 414||Yes|
|CFIN 300 - Managerial Finance I||CACC 110||Yes|
|CFIN 401 - Managerial Finance II||CFIN 300||Yes|
|Elective Courses (Select Two)|
|CACC 504 - Accounting Cases and Concepts I||CACC 514||Yes|
|CACC 521 - Auditing||CACC 514||Yes|
|CACC 522 - Taxation for Managers and Financial Planners||CACC 110|
|CFIN 502 - Personal Financial Planning||CFIN 300|
|CITM 102 - Business Information Systems I|
|CLAW 122 - Business Law||Yes|
|CQMS 102 - Business Statistics I||Yes|
By completing the Certificate in Accounting – Finance with electives that count as CPA preparatory courses and the Certificate in Advanced Accounting, you will have the majority of courses you need to start the CPA PEP.
With two additional elective courses from the Certificate in Accounting-Finance and the four CPA preparatory courses offered in other programs at Ryerson, you will be ready to continue your professional journey with the CPA PEP.
For a full list of our accounting courses, their respective CPA preparatory course equivalencies, the minimum grade you must achieve for consideration into the CPA PEP, please refer to the CPA course equivalency chart.
“Before enrolling in the Certificate in Accounting – Finance, I had completed a Bachelor of Science degree and worked in the Canadian Armed Forces. While working in the military, I met several accounting staff who highlighted the attractive prospects of pursuing an accounting designation.
The Chang School was one of the first few schools in the Greater Toronto Area to offer flexible evening classes that were accredited by the Chartered Professional Accountants (CPA) organization. This flexibility allowed me to balance work and school. As a result, I earned required credits to enter the CPA Professional Education Program (PEP).
While completing the certificate, I met with a co-op coordinator at The Ted Rogers School of Management who gave me valuable tips about the recruitment drive done by Toronto’s “Big 4” accounting firms. Her advice helped me achieve a summer internship with PwC and, subsequently, full-time employment with the firm.
I was also a class representative with the Continuing Education Students’ Association of Ryerson (CESAR), which strengthened my relationships with fellow classmates, and a frequent attendee of the Ryerson University Accounting Society (RUAS), which offered many opportunities to meet with firms, hone my networking skills, and improve my resumé writing. By taking advantage of these student services, my experience inside and outside of the classroom led me to the professional success I enjoy today.”
Jerome Chan, Senior Associate, PwC
Certificate in Accounting – Finance, 2016
“I am an internationally trained professional with a master’s degree in economics and business and 10 years of progressive experience in accounting and finance, culminating in a senior financial analyst position in Ukraine. When I immigrated to Canada in 2013, I was determined to become an equally competent and successful financial professional in my new home country.
To be well-prepared for the Canadian job market, I needed a solid understanding of industry standards and best business practices in accounting. As a non-native English speaker, I also wanted to improve my professional communication skills. And, as a busy mom with a full-time job, I needed a flexible course schedule. The Chang School’s Certificate in Accounting – Finance fulfilled all of these needs.
I was also impressed by the financial aid available. I applied for – and received – a course tuition waiver that exists specifically for Chang School students. As a newcomer working to establish my life and career in a new country, I really appreciated this financial assistance.
As part of the certificate, I was able to complete a number of the prerequisite courses required to enter the CPA PEP, which is a designation I continue working toward. I am extremely happy that my dedication to lifelong learning has led to my dream job as a financial analyst for one of the most reputable hospitals in Canada.”
Iryna Vorobiova, Financial Analyst, University Health Network
Certificate in Accounting – Finance, 2017
Frequently Asked Questions
How much time do I have to complete the Certificate in Accounting-Finance?
Most students take between two to four years to complete an eight-course certificate. According to Ryerson’s policy, you must complete this certificate within five years of registration in the certificate program.
I am a Ryerson undergraduate student - may I take accounting and finance courses through The Chang School?
Ryerson University has two business undergraduate programs which are independent of each other: one through the School of Accounting and Finance (in which students can major in accounting and/or finance) and one through the School of Business Management (in which students can minor in, but not major in, accounting).
Courses are not interchangeable between the Accounting and Finance and Business Management programs; however, in both programs, courses are degree credit as well as accredited through the CPA (refer to the CPA course equivalency chart links).
If you are pursuing a minor in accounting, or you need to take courses in accounting or finance to fulfill the requirements of your major which is in a subject other than accounting or finance, you may take accounting and/or finance courses (coded CACC or CFIN) through The Chang School.
If you are pursuing a major in accounting and/or finance, you may not take accounting and finance courses through The Chang School as the course codes differ.
I’m an international student with an education in accounting; is it possible to get CACC 110 and CACC 410 waived?
Yes. Internationally educated professionals who have taken formal accounting courses outside of Canada may have their credentials assessed by the CPA. If the CPA grants an exemption of the equivalent of CACC 110 and CACC 410, Ryerson University will honour that exemption.
Note that you will still need to take eight courses to complete the Certificate in Accounting – Finance: four required and four electives.
How much time is involved per week, per course?
As a general guideline, you should allow three to five additional hours per week per course outside of the classroom hours. This will vary from week to week and will depend on your learning style. For online courses, plan to spend an average of six to eight hours a week working through the modules, reading, participating in discussions, and completing assignments.
Awards and Financial Aid
Questions? Contact Romi-Lee Sevel, Academic Coordinator.