CPA preparatory courses are designed for those who lack some or all of the prerequisite knowledge required for admission to the CPA Professional Education Program (CPA PEP) or who wish to complete the Advanced Certificate in Accounting and Finance (ACAF).
Introductory Financial Accounting (formerly Module 1)
Provides an overview of the nature and purpose of accounting. This course covers basic financial analysis, financial statements, the accounting cycle, accounting for cash, receivables, inventories, capital assets, short- and long-term liabilities, bonds and investments.
Introductory Management Accounting (formerly Module 2)
Addresses cost/volume/profit relationships, job-order and process costing, activity-based and direct and absorption costing in addition to budgeting for standard costs such as material usage, labour, overhead, and other relevant costs.
Economics (formerly Module 3)
Covers basic microeconomic principles, such as supply and demand, pricing and resource use, and macroeconomic principles, such as unemployment determinants, inflation, interest rates, GDP and fiscal and monetary policy analysis.
Statistics (formerly Module 4)
Focuses on statistical principles used in business from probability and decision theory, statistical sampling, and hypothesis testing to simple and multiple linear regression, and forecasting.
Intermediate Financial Reporting 1 (formerly Module 5.1)
Builds on the introductory financial accounting concepts acquired in introductory financial accounting. This module focuses primarily on asset (cash, receivables, inventories, capital and intangible assets, investments).
Intermediate Financial Reporting 2 (formerly Module 5.2)
A continuation of Intermediate Financial Reporting 1, this course focuses on liabilities and equities along with topics such as accounting for income taxes, leases, employee benefits, earnings per share and accounting changes.
Advanced Financial Reporting (formerly Module 5.3)
Advanced Financial Reporting covers advanced financial accounting topics such as consolidations, foreign currency and not-for-profit accounting.
Corporate Finance (formerly Module 6)
Covers securities valuations for stocks, bonds and options as well as the time value of money, capital budgeting, investment decisions, weighted average cost of capital, optimal capital structure, working-capital management and dividend policies.
Audit and Assurance (formerly Module 7)
Explores at length the nature and purpose of audit and assurance engagements, the principles behind these engagements, planning, methodology, standards, documentation, evidence, materiality, risk, internal controls, audit testing, audit reports and current standards.
Taxation (formerly Module 8)
Provides an introduction to personal and corporate tax principles, including taxation of employment, business and property income, and calculation of eligible deductions, capital cost allowance, capital gains and taxes payable.
Intermediate Management Accounting (formerly Module 9)
Covers a variety of intermediate management accounting topics such as pricing decision practices, cost behaviours, relevant costing, cost allocations, inventory and product mix
Performance Management (formerly Module 10)
Provides an introduction to performance management in a business context. This course covers governance and corporate social responsibility, the development of corporate mission, vision and values, strategy formulation and execution, including environmental scanning, company and industry analysis, evaluation of strategic alternatives and measurement of their performance.
Business Law (formerly Module 11)
Provides an overview of the Canadian legal framework, tort law and contract law including law applicable to real estate, business and securities transactions, and laws governing insurance/guarantees, agency relationships, negotiable instruments, partnerships and incorporated businesses.
Information Technology (formerly Module 12)
Provides an introduction to understanding the valuable role information systems (IS) play in business operations and management decision making, and covers topics ranging from IS and IT concepts and e-business fundamentals to system planning, development, implementation and management.
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