Arts Degree Requirements

Eligibility for the degree of Bachelor of Accounting and Financial Management (Co-op and Regular) requires:

1. Successful completion of 20 academic course units (40 courses) with an overall cumulative average of at least 60%. A minimum cumulative average of 70% is required in all of the courses identified in section (2) below, CS 100, MATH 109, and all AFM electives.
2. Successful completion of the following 27 courses:
   • AFM 101, 102, 131, 201, 231, 241, 291, 331, 391, 482
   • one of AFM 271, 272
   • one of AFM 371, 372
   • one of AFM 471, 476
   • five additional AFM courses at the 300-level or above
   • ECON 101, 102, 344
   • ENGL 210F
   • one of AFM 431; PHIL 215
   • PSYCH 101, 338
   • SPCOM 223
   • STAT 211
3. Successful completion of the following three courses:
   • one course from the following language or culture courses:
     • Chinese, Croatian, Dutch, French, German, Greek, Hebrew, Italian, Japanese, Korean, Latin, Polish, Portuguese, Russian, Spanish, Ukrainian;
     • JS 105A, 105B; RS 131, 132, 133, 134; or
     • CLAS 201, 202; EASIA 201R; FR 291, 292; GER 271, 272; ITALST 291, 292; REES 271, 272; SPAN 218, 221. (Students should note that these courses are taught in English, and may not be open to first year students);
   • CS 100 (or another approved information technology course).
     Note: Students may apply to the Undergraduate Officer for exemption from this course with evidence of adequate prior preparation in basic computing concepts and use of spreadsheets, wordprocessors, and database management systems;
   • MATH 109 
     Note: This provides a minimum level of mathematics for the AFM program and the MAcc. Students contemplating further graduate work in accounting or in other fields are advised to contact the Undergraduate Officer for permission to take MATH 127 or MATH 137 in lieu of MATH 109. See also note 2 below.
4. Successful completion of six courses in a subject or discipline of the student's choice, other than AFM, with:
   • two courses at the 200-level or above,
   • two courses at the 300-level or above.
     Note: At most one course may serve to satisfy this requirement and the program requirements in (2) above. Students should also note that ACTSC 291/391/471 cannot be used towards completion of this requirement.

Notes:

1. Students interested in qualifying as a Chartered Accountant are required by the governing professional body to take the courses listed as the Public Accounting Specialization below. Students interested in qualifying as a Certified Management Accountant are required by the governing professional body to take the courses listed as the Management Accounting Specialization below. Students interested in becoming a Chartered Financial Analyst are advised to take courses listed as the Finance Specialization below.
2. Students wishing to take AFM 272 and AFM 372 should take MATH 135/136 and 137/138 in lieu of MATH 109, and STATS 230/231 in lieu of STATS 211. Please consult the Undergraduate Officer for assistance before proceeding.
3. Students taking AFM 476 to satisfy the degree requirements are required to substitute AFM 471 for AFM 473.

A schedule outlining the recommended term-by-term sequence of courses is available in the School of Accounting and Finance Office and on the AFM website.

The specialization in public accounting is made up of the following courses: AFM 341, 361, 401, 451, 461, 481, 491

The specialization in management accounting is made up of the following courses: AFM 333, 341, 361, 451, 481, 491, MSCI 432

The specialization in finance is made up of the following courses: AFM 472, 473, 474, 475, 492, ECON 321, 405