MAcc Master of Accounting Schulich School of Business 2023 Masters Programs
Earn the credentials you need for the career you want, with a highly specialized Masters program.
MAcc
MASTER OF ACCOUNTING
Position yourself for a challenging career in accounting with the CPA-Accredited MAcc, an intensive program that prepares graduates to write the Common Final Examination upon graduation.
ADDITIONAL MASTERS PROGRAMS AT SCHULICH
MBAN
MASTER OF BUSINESS ANALYTICS
Become an expert and gain a competitive advantage in the booming field of Big Data.
MF MASTER OF FINANCE
Gain access to a career in investment banking, risk or asset management and cover a significant portion of the CFA body of knowledge.
MMAI
MASTER OF MANAGEMENT IN ARTIFICIAL INTELLIGENCE
Learn to develop, evaluate, refine and implement AI-related applications and technologies for business.
MMgt
MASTER OF MANAGEMENT
Build your knowledge of the major disciplines of management with this unique program designed for high-achieving graduates from non-business backgrounds.
MMKG
MASTER OF MARKETING
Equip yourself for the dynamic world of marketing as you master state-of-the-art tools and grow your literacy in analytics, advertising and consumer behaviour.
MREI
MASTER OF REAL ESTATE & INFRASTRUCTURE
Build your career on a solid foundation with this specialized program for leaders, entrepreneurs and city builders in both real estate and infrastructure.
MSCM
MASTER OF SUPPLY CHAIN MANAGEMENT
Develop the analytical and managerial skills needed to design creative supply chain solutions in this rigorous, experiential program offered both full- or part-time.
On the cover: May Gross (MAcc Candidate ’22) Manager, Finance, Bell
Shape Your Future
Today’s global business landscape is complex, disruptive and increasingly digital. Managing effectively requires deep specialized knowledge, team building and leadership skills, and the ability to think creatively. It also requires resiliency, adaptability and the capacity to work in diverse environments. And it requires ethical business leaders with the skills and courage to tackle the social, economic and environmental challenges facing business today.
At the Schulich School of Business, we have developed eight distinct specialized Masters programs that will equip you to thrive in a fast-changing and exciting business world.
Our Masters degrees are designed to deliver in-depth functional and industry knowledge, strengthen your technical expertise and give you a clearly defined career advantage.
Find your pathway to success and achieve your career objectives with a specialized Schulich Masters degree.
Detlev Zwick, PhD
Dean & Tanna H. Schulich Chair in Digital Marketing Strategy
Schulich School of Business
Canada’s Top-Ranked Business School
Global Reach. Innovative Programs. Diverse Perspectives.
Schulich MBA: #1 IN CANADA (Forbes,CorporateKnights,CNNExpansión) #4 IN THE WORLD (CorporateKnights)
TOP 25 IN THE WORLD for careers in Finance, Marketing & Operations Management (QSTopMBA)
Kellogg-Schulich Executive MBA: #1 IN CANADA (QSTopMBA) #7 IN THE WORLD (QSTopMBAJointProgrammes)
Global Reach. Innovative Programs. Diverse Perspectives.
1
MESSAGE FROM THE DEAN
Master of Accounting (MAcc)
MULTIPLE PATHWAYS
Depending on your academic background, the Schulich MAcc offers three distinct entry points, preparing you for success in the complex field of accounting while fast-tracking you through CPA Ontario’s Professional Education Program (PEP).
The Diploma in Intermediate Accounting (DIAc) provides non-business graduates as well as individuals that have graduated from non-Canadian institutions with the prerequisites required to stream seamlessly into the MAcc. Students may choose to pursue Term 0 of the DIAc in Toronto or Hyderabad, India. Business graduates from CPA-Accredited programs and Canadian business degrees begin the MAcc in Term 1. Schulich i/BBA graduates from the CPA stream may start the MAcc in Term 2 of the program.
Applicants who are registered with CPA and are in the process of completing the Professional Education Program (PEP) may be eligible for advanced standing.
GAIN THE OPPORTUNITY TO WRITE THE COMMON FINAL EXAMINATION (CFE) UPON GRADUATION
Participate in meaningful dialogue with highly engaged instructors about relevant, real-world accounting applications. With a focus on case-based integrative learning, the broad curriculum will help you to accomplish two important objectives.
First, you will master key accounting functions and hone the ability to make decisions within legal, financial, regulatory and ethical frameworks.
Second, you will deepen your expertise in the CPA competency areas preparing you for the Common Final Examination (CFE).
To support and accommodate working professionals, Term 3 is offered on evenings and weekends to prepare you with the final tools you need to successfully complete the CFE and accelerate your career.
CAREER OPPORTUNITIES
Beyond the classroom, you’ll find opportunities to continue expanding your connections as you meet industry leaders at co-curricular and career networking events.
Top firms from both the private and the public accounting sector hire Schulich MAcc graduates in a variety of functions, including financial accounting, cost accounting, tax planning, estate planning and auditing. The MAcc could lead you to an exciting career in an organization such as Deloitte, Ernst & Young, KPMG, RBC or TD.
Graduates of the MAcc program may be eligible for up to one term of advanced standing in the Schulich MBA.
FULL-TIME
START DATE OPTIONS
May – Term 0 (DIAc)*
Graduates from non-business degrees or institutions outside of Canada
8 months
September – Term 1 (MAcc)
Business/Commerce Graduates from a Canadian Institution
12 months
May – Term 2 (MAcc)
Schulich i/BBA Graduates CPA-Accredited Stream
8 months
ACCREDITATION
Accredited by CPA Ontario, MAcc graduates are eligible to write the Common Final Examination (CFE) upon completion of the program.
* The DIAc program is not CPA Accredited.
PROFESSOR SHANKER TRIVEDI BSc (Andhra, India); PhD (Arizona State); CA (India)
Program Director, Master of Accounting; Associate Professor of Accounting
“The Master of Accounting program is open to high achieving individuals from across the globe and from both business and non-business backgrounds. While we create future business leaders, we also support our students all the way to the Common Final Exam of the CPA Institute of Canada. The consistently high pass rates of our graduates attest to the quality and rigor of our unique program.”
PROFESSOR TRIVEDI
Benefit from a unique Masters program accredited by the Chartered Professional Accountants (CPA) of Ontario and designed for graduates of liberal arts, science and business programs.
2 Schulich School of Business | Master of Accounting (MAcc) 2023
“ The MAcc program prepared me for the CFE, facilitated a position with PwC and equipped me with enough business insight to launch my own start-up.”
ALPHA SOW (MAcc ’17) Senior Associate, PwC Co-Founder, SendAlong
To view Alpha’s story and other MAcc alumni testimonials, visit:
Global
schulich.yorku.ca/programs/macc
Reach. Innovative Programs. Diverse Perspectives. 3
4 Schulich School of Business | Master of Accounting (MAcc) 2023 MASTER OF ACCOUNTING (MAcc) YOUR MA cc JOURNEY WHICH TERM DO I APPLY FOR? TERM 0 * ACADEMIC TRACK I have a Canadian University Degree 4-year Non-Business Degree: Apply to the Diploma in Intermediate Accounting (Term 0) 4-year Business Degree from a CPA-Accredited Program: Apply for Term 1 Entry to the Master of Accounting CPA-Accredited Business Degree from the Schulich School of Business (Accounting Specialization): Apply for Term 2 Entry to the Master of Accounting Apply to the Diploma in Intermediate Accounting (Term 0) DIPLOMA IN INTERMEDIATE ACCOUNTING (DIA c ) CPA TRACK BEGIN HERE CAREER TRACK Professional Development Activities OrientationBEGIN HERE BEGIN HERE Introduction to the Centre for Career Design • Financial Accounting Fundamentals • Management Accounting Fundamentals • Intermediate Financial Accounting I • Management Information Systems PLUS: • Managerial Finance OR: • Business Administration & The Law 4-year Business Degree from a Non CPA-Accredited Program: Apply to the Diploma in Intermediate Accounting (Term 0) I have a 4-year University Degree from a non-Canadian Institution
HERE
The Master of Accounting is a professional degree program designed to develop students’ academic and intellectual abilities in all fields of professional accountancy. Successful graduates will have acquired in-depth knowledge in all of the sub-disciplines that constitute the broad field of accounting. Successful completion of the MAcc allows students to sit for the Common Final Examination (CFE) after graduation.
MASTER OF ACCOUNTING (MA
• Intermediate Financial Accounting II
• Advanced Management Accounting
• Auditing Standards &
• Integrative Case Analysis for Accountants
• Advanced Income Taxation (Students continuing from Term 1)
• Advanced Financial Accounting
• Advanced Integrative Case Analysis
• Integrative Case Analysis: The Capstone
• Management Accounting: Strategy and Performance
• Introduction to Income Taxation
• Multi-Competency Case Analysis for
• Advanced Auditing
• Managerial Tax Planning
• Strategic Performance Evaluation (Direct-entry Term 2 students only)
• Strategic Leadership Planning & Case Analysis
• Strategic Performance Evaluation (Term 0 and Term 1 Entry students only)
• Financial Reporting & Analysis Graduation: October Convocation
MAcc
BEGIN HERE
CPA
Both core and elective
course
and
www.schulich.yorku.ca/programs/macc.
* DIAc Term 0 is available in Toronto or Hyderabad, India.
Common Final Examination***
Ready!
are subject to change.
** Students who are directly admitted to Term 2 can exit before the start of Term 3 and receive a Diploma in Advanced Accounting (DAAc). Graduates of this diploma can continue with CPA Ontario to complete Capstone 1 and 2.
*** Students who complete the MAcc are eligible to write the Common Final Exam (CFE).
Global Reach. Innovative Programs. Diverse Perspectives.
5
TERM 1 TERM 2 ** TERM 3
cc ) DIPLOMA IN INTERMEDIATE ACCOUNTING (DIA c ) BEGIN
THE SCHULICH
FOLLOWS THE CPA CERTIFICATION PROGRAM PATHWAY Schulich serves as a liaison between you and
Ontario to facilitate registration and confirm your completion of the program On-campus recruiting Just-in-time recruiting Career coaching, networking events, alumni mentorship Note:
courses are listed. Course requirements
sequencing
For specific
credit requirements, visit
Applications
Accountants
Career
Student Life Make Life-Changing Connections
Build lasting memories as part of an engaged and impressive student community. Develop your strengths, skills and interests with a host of exciting co-curricular activities.
Participate in Case Competitions
Strengthen your presentation skills and master the case method with opportunities to compete in events such as the Hult Prize, Harvard Global Case Competition, and more.
Discover New Interests and Passions
Choose from over 25 student-run clubs and organizations. Network and grow within the professional accountancy industry with the Schulich Accounting Association, or diversify your focus by joining other clubs based on a region, culture, industry or topic of interest.
Enjoy New Social Activities
Join a tightly knit group of students and connect through sports, social nights a nd community engagement. Schulich brings you a world of opportunity to expand your interests with students from an array of different backgrounds and regions.
Students connect with alumni at a Speed Mentoring event.
Students participate in team activities at Schulympics.
Team Schulich advances to the final round of the prestigious Harvard Global Case Competition.
6 Schulich School of Business | Master of Accounting (MAcc) 2023
Our Landmark Expansion
The Rob and Cheryl McEwen Graduate Study & Research Building
Designed for Schulich graduate students, the McEwen building encourages interdisciplinary research in fields ranging from business ethics and big data, to real estate and infrastructure, and global enterprise.
A NEW HOME FOR LEARNING AND INNOVATION
The new 67,000 square-foot Rob and Cheryl McEwen Graduate Study & Research Building provides a variety of unique environments for learning, interaction, teamwork and innovation.
A HUB FOR COLLABORATION AND RESEARCH
In addition to being an interdisciplinary space for Schulich’s newest academic programs and research facilities, the building is home to the Deloitte Cognitive Analytics & Visualization Lab, as well as Schulich’s Centres of Excellence, including the Centre of Excellence in Responsible Business, the Centre for Global Enterprise, the George Weston Ltd. Centre for Sustainable Supply Chains, and the Brookfield Centre in Real Estate and Infrastructure.
A STUDENT-CENTRED SPACE
Students benefit from a variety of unique spaces to study, work and connect, including a graduate lounge, private group meeting rooms equipped with flat-screen monitors, research labs and a media production centre.
ALL ABOUT THE FUTURE
unique technological and design
make the Rob and Cheryl McEwen Graduate Study & Research Building one of the most environmentally sustainable and socially responsible buildings in North America.
planted green roof
new landscaped open area,
m2
chimney
Its
features
Features include: 840 m 2 of
area Energy use intensity 71.4% BELOW THE MODEL NATIONAL ENERGY CODE OF CANADA 27 m natural ventilation system driven by the glass solar
RAINWATER RECAPTURE SYSTEM for green roof irrigation 7,500 m 2 of
including 3,800
of planted green space Global Reach. Innovative Programs. Diverse Perspectives. 7
Career Development Shape Your Success
The Schulich Centre for Career Design (CCD) offers a wealth of innovative programs and resources to help you accelerate your career and facilitate employment opportunities. Benefit from a variety of resources that have resulted in consistently high placement rates for graduating students.
Career Coaching & Workshops
Our CCD Advisors are certified career coaches who work closely to help you identify your strengths, determine career objectives and develop a tailored plan. Work together through a series of skill-enhancing workshops designed to train you in advanced career search tactics.
MAcc Advising Program
Our customized industry advising program is designed to help you navigate a career in Professional Accountancy. Enjoy 1-on-1 training, advice from industry leaders, and the opportunity to network with alumni and hiring managers.
Corporate Recruitment Events
Connect with companies at industry events such as Schulich’s annual Accounting Mixer. Meet employers such as KPMG, TD Bank, RBC, Scotiabank, Moneris, BMO, PwC, EY, and Deloitte to learn about career opportunities in their organizations.
Just-in-Time Recruiting
Access job and internship postings from companies around the globe, for roles such as Staff Accountant, CPA Audit, CPA Assurance and CPA Tax.
8 Schulich School of Business | Master of Accounting (MAcc) 2023
Master of Accounting (MAcc)
Student Success Report
Key Firms
BDO Canada Scotiabank Bell Canada Deloitte
Ernst & Young KMPG
Sample Roles
Associate, Assurance & Accounting Intermediate Accountant Staff Accountant Tax Associate
Canada Revenue Agency
MNP PwC
Royal Bank of Canada
TD Bank
Associate, Risk Assurance
US Tax Associate Forensic Consultant Senior Accountant, Private Enterprise
Global Reach. Innovative Programs. Diverse Perspectives. 9 CLASS OF 2021 EMPLOYMENT AT A GLANCE 97% of students were hired within 6 months of graduation* 85% of students participated in the survey * As per MBACSEA Guidelines. ** Salary quoted reflects the training period. With CPA designation salary increases. Average salary $54,490 37 Number of firms that hired Schulich MAcc students
CLASS OF 2021 DEMOGRAPHICS AT A GLANCE Student Demographics Average Age 21 Years of Work Experience 0–2 Male Students 39% Female Students 61% Prior Degrees Business 96% Other 4% INDUSTRY COVERAGE Accounting Retail Financial Services Consulting Esther Taiwo (MAcc ’19) Senior Accountant, KPMG Canada **
are Leading by Example
When you graduate from Schulich, you become part of one of the largest business alumni networks in Canada. Here’s a brief look at the scope of the Schulich alumni network and a sampling of those who are leading by example.
Connect and
from access to the Schulich Global Alumni Network
management resources, and alumni events.
10 Schulich School of Business | Master of Accounting (MAcc) 2023
Take advantage of life-long professional development activities, career
Enjoy exclusive access to Schulich’s Alumni Online Community, which includes
benefit
As a student, participate in the SCHULICH ALUMNI MENTORSHIP PROGRAM or engage with alumni at events and conferences to gain key insights into the industries and careers that you’re passionate about. Schulich Global Alumni Network Notable Alumni
93 global alumni chapters in 62 countries Michael S. Rousseau (BBA ’81, FCPA, FCA) President and Chief Executive Officer, Air Canada Member, Dean’s Advisory Council Colleen M. Johnston (BBA ’82, Hon LLD ’18, FCPA, FCA) Corporate Director Retired Executive, TD Bank Group Member, Dean’s Advisory Council UPON GRADUATION, JOIN A GLOBAL NETWORK OF OVER 34,000 active alumni in 90 countries
Build a Life and a Career
centre
Feel at Home in Canada
Our campus is enriched by international students from over
DIFFERENT COUNTRIES
the city’s
Plan Your Life, Post-Degree
A Schulich Masters gives you the option of launching a career internationally, or the opportunity to work in Canada after graduation. Upon completing your degree, you can explore Canada’s advantageous immigration pathways available to assist you in building your ideal career.
Attend sessions on work permits and permanent residence options, or book individualized advising with Schulich’s International Student Support Specialist.
International Student Support
Schulich provides in-house programs, services, and immigration support to help international students navigate the transition to Canada and plan for the future. Benefit from study permit and pre-arrival webinars, Buddy program, English language peer support, New to Canada orientation, immigration information sessions, 1:1 international student advising and social events.
Diversity. Community. Opportunity.
44
Source (unless specifically indicated): Toronto Global Global Reach. Innovative Programs. Diverse Perspectives. 11 2 nd LARGEST Financial
in North America CAD $364 billion economy 51% of Toronto’s population was born outside of Canada Access
vibrant downtown core in just 30 MINUTES BY SUBWAY The Toronto Advantage RANKS #1 IN CANADA AND #4 IN NORTH AMERICA Resonance Consultancy World’s Best Cities Report, 2021 THIRD LARGEST TECH SECTOR in North America New York Times, 2022 SAFEST CITY IN CANADA, AND 2 nd SAFEST CITY IN THE WORLD Economist Intelligence Unit, 2021
PREREQUISITE COURSES IN FOUR-YEAR HONOURS
Microeconomics, Macroeconomics, Statistics, Canadian Business Law or Finance1
Microeconomics, Macroeconomics, Statistics/ Quantitative Methods, Corporate Finance, Canadian Business Law, Information Systems, Introduction to Financial Accounting, Introduction to Management Accounting, Intermediate Financial Accounting 1
ADMISSIONS DEADLINES
OF STUDY COMPLETED IN ENGLISH:
minimum (must be full-time study)
an accredited university in a country (or institution) where English is the official language of instruction
(ACADEMIC TEST):
(minimum
IELTS online Academic Test
TOEFL:
TOEFL iBT
MAY 2023 ENTRY (Term 0: DIAc)
Graduates from non-business degrees or institutions outside of Canada
Round 1: Aug. 3, 2022
Round 2*: Sept. 21, 2022
Round 3: Nov. 23, 2022
Round 4**: Feb. 15, 2023
SEPTEMBER 2023 ENTRY (Term 1)
Business/Commerce Graduates from a Canadian Institution
Round 1: Sept. 28, 2022
Round 2*: Jan. 11, 2023
Round 3: Apr. 5, 2023
Round 4**: June 7, 2023
View MAcc Journey Map on pages 4–5 to determine Term of entry.
MAY 2023 ENTRY (Term 2)
Schulich i/BBA CPA stream only
Round 1*: Jan. 11, 2023
Round 2**: Feb. 22, 2023
* International students are strongly encouraged to apply by Round 2 to allow for sufficient study permit processing time.
** Late applications may be accepted pending space availability.
1 A four-year undergraduate degree is required. Refer to the MAcc Admission Requirements website for specific requirements based on your entry point: www.schulich.yorku.ca/admissions/admissions-requirements/macc
2 One academic reference is recommended.
3 Work experience is not required, but is recommended and considered for admission. Only applicants holding a 4-year degree are eligible for the CPA designation.
Note: Schulich i/BBA students/graduates with an accounting specialization, applicants with an accounting specialization from CPA accredited business programs, registered CPA students who have completed Core 2 of the PEP and ACCA members with a Canadian degree may be eligible for admission to Term 2 of the MAcc.
12 Schulich School of Business | Master of Accounting (MAcc) 2023 REQUIREMENTS MAcc Master of Accounting DIAc Diploma in Intermediate Accounting ESSAYS 2 video, 2 written, 1 timed written GMAT/GRE GMAT or GRE (the GMAT/GRE Online Exam is acceptable) Waived for individuals who have graduated from Canadian universities within the last five years REFERENCE LETTERS 2 reference letters2 WORK EXPERIENCE Recommended but not required3 Admission Requirements What’s Required to Begin Your Journey LANGUAGE PROFICIENCY* * Applicants must produce proof of language proficiency in one of the three ways listed.
100 (minimum 23 on each dimension) The
Special Home Edition test is acceptable IELTS
7.0
6.5 on each dimension) The
is acceptable PROOF
2 years
at
GPA B1
PROGRAM
Tuition Fees
Figures are based on the currently approved fee framework. Fees listed below include tuition and supplementary fees. For full details on all current tuition, supplementary fees, and student health plans, visit the York Student Financial Services website: sfs.yorku.ca/fees. Fees are subject to change.
All
TUITION PER TERM
* Total program length is dependent on entry point.
** Estimated total is based on Term 1 Entry. The MAcc is a full-time program consisting of three academic terms. Estimated Program Total is calculated by multiplying current tuition fees by the average number of terms required to complete the program. Estimates are rounded to the nearest $50 CAD. Subject to change. Tuition and fees reassessed annually.
Cost of Living
LIVING EXPENSES
Books/Course Materials
Rent (on campus)
750
$ 5,000
$ 1,500
Personal Expenses $ 1,000
Health Insurance: UHIP (international students only) 3 $ 252 GSA 3 $ 170
COST PER
8,672
1 Figures are approximations and intended only as a budget guide for students studying full-time. Costs are listed in Canadian dollars.
2 Off-campus housing varies in price from $1,000 – $1,500 per month depending on the location and options. For on-campus accommodation visit: yorku.ca/housing
3 Participation in the University Health Insurance Plan (UHIP) is mandatory only for international students while in Toronto. The Graduate Student Association (GSA) plan is for dental and drug coverage (mandatory for all domestic and international full-time students unless student has alternative coverage). Coverage for spouse/family is available. GSA costs are based on the 2021–2022 academic year. Health/Drug/Dental plan rates are subject to change.
4 Subtract UHIP cost for domestic student total.
Financial Aid
We welcome the opportunity to discuss ways to finance your education and the return on investment our programs offer. Visit: schulich.yorku.ca/financial-aid.
LINE OF CREDIT FOR DOMESTIC STUDENTS
Visit schulich.yorku.ca/financial-aid/loans for a list of partnered banks and preferred rates for domestic students in professional programs.
LOAN PROGRAMS
To learn more about funding opportunities for domestic and international students, please visit: schulich.yorku.ca/financial-aid/loans.
IN TORONTO 1 (1 Term = 4 months)
$
2
Food
APPROXIMATE
TERM $
4
DOMESTIC STUDENTS Canadian Citizen or Permanent Resident INTERNATIONAL STUDENTS Visa/Study Permit
fees are in Canadian dollars (CAD) MAcc DIAc
* $ 8,984 $ 19,829
ESTIMATED PROGRAM TOTAL** $ 26,950 $ 59,500
ADDITIONAL FINANCIAL AID • Support for case competitions • Partnerships with:
Schulich
a broad spectrum of industries. www.schulich.yorku.ca
to
LEARN MORE ABOUT THE SCHULICH EXPERIENCE
Join us for an event or information session. Register at: www.schulich.yorku.ca/events
Set up a meeting with our admissions team to discuss your profile.
Register at: www.schulich.yorku.ca/grad-inquiry
CONNECT WITH US
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EXPLORE OUR ALUMNI STORIES
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Global Reach. Innovative Programs. Diverse Perspectives.
Masters Programs provide students with the technical skills and career preparation they need
pursue dynamic roles across
SCHULICH SCHOOL OF BUSINESS Keele Campus York University, 4700 Keele Street Toronto, Ontario, Canada M3J 1P3 Click here for campus location Seymour Schulich Building Rob and Cheryl McEwen Graduate Study & Research Building Hyderabad Campus GMRSB Campus, Block A-1, GMR Aerospace Compound c/o GMR Hyderabad, International Airport Shamshabad, Hyderabad, India 500409 Click here for campus location Click here for a virtual tour!