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*AFM 131 may be substituted with consent of the department.
Students in this option must fulfil all the requirements in Table I. This must include at least 18 math courses, and the following specific requirements:
One of
CS 115 Introduction to Computer Science 1
CS 135 Designing Functional Programs
CS 145 Designing Functional Programs (Advanced Level)
One of
CS 116 Introduction to Computer Science 2
CS 136 Elementary Algorithm Design and Data Abstraction
CS 146 Elementary Algorithm Design and Data Abstraction (Advanced Level)
One of
MATH 127 Calculus 1 for the Sciences
MATH 137 Calculus 1 for Honours Mathematics
MATH 147 Calculus 1 (Advanced Level)
One of
MATH 128 Calculus 2 for the Sciences
MATH 138 Calculus 2 for Honours Mathematics
MATH 148 Calculus 2 (Advanced Level)
One of
MATH 135 Algebra for Honours Mathematics
MATH 145 Algebra (Advanced Level)
One of
MATH 136 Linear Algebra 1 for Honours Mathematics
MATH 146 Linear Algebra 1 (Advanced Level)
One of
MATH 237 Calculus 3 for Honours Mathematics
MATH 247 Calculus 3 (Advanced Level)
One of
STAT 230 Probability
STAT 240 Probability (Advanced Level)
One of
STAT 231 Statistics
STAT 241 Statistics (Advanced Level)
All of
ACTSC 231 Introductory Financial Mathematics
AFM 272/ACTSC 291 Corporate Finance 1
AFM 372/ACTSC 391 Corporate Finance 2
AFM 476/ACTSC 471 Advanced Corporate Finance
STAT 373 Regression and Forecasting Models in Finance
One of
AFM 231/LS 283 Business Law
COMM 231 Commercial and Business Law for Mathematics Students
All of
AFM 101 Introduction to Financial Accounting
AFM 102 Introduction to Managerial Accounting
AFM 132 Introduction to Business Stages*
AFM 205 Introduction to Financial Services
AFM 212 Financial Analysis and Planning
AFM 291 Intermediate Financial Accounting 1
AFM 311 Connections to Ethical Context
AFM 341 Accounting Information Systems
AFM 351 Audit Strategy
AFM 362 Taxation 1 - Foundations
AFM 363 Taxation 2 – Integration
AFM 391 Intermediate Financial Accounting 2
AFM 401 Accounting Theory
AFM 433 Business Strategy
AFM 462 Taxation 3 - Tax Planning Topics
AFM 479 Cases and Applications in Finance II
AFM 481 Cost Management Systems
AFM 482 Performance Measurement and Organization Control
AFM 491 Advanced Financial Accounting
COMM 103/ECON 100 Principles of Economics or (ECON 101 Introduction to Microeconomics and ECON 102 Introduction to Macroeconomics)
SPCOM 111 Leadership, Communication, and Collaboration
One of
AFM 206 Introduction to Tax
AFM 207 Introduction to Analytics
AFM 208 Introduction to Assurance
Two of
ACTSC 371 Introduction to Investments
CS 335 Computational Methods in Business and Finance
MATBUS 471 Fixed Income Securities
MATBUS 472 Risk Management
STAT 334 Probability Models for Business and Accounting
Two of
AFM 321 Personal Financial Planning
AFM 322 Derivative Securities
AFM 328 and AFM 329, or AFM 328 and AFM 428, or AFM 329 and AFM 429 Investment Management (0.25 unit each)
AFM 415 Special Topics or AFM 416 Special Topics in Finance
AFM 423 Topics in Financial Econometrics
AFM 434 Governance and Enterprise Risk Management for Global Organizations
AFM 477 Mergers and Acquisitions
AFM 478 International Financial Management
AFM 492 Financial Statement Analysis
Two additional math courses (1.0 unit).
Notes
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AFM 363, AFM 401, AFM 462, AFM 482, AFM 491 may be substituted with an acceptable 300-/400-level AFM elective, with the understanding that any such substitution would forfeit MAcc admission eligibility and will impact the path to a CPA designation pursued through CPA Ontario.
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Students in this option may take AFM 322 and AFM 424 to replace the AFM 479 degree requirement. If so, students need only take one of the remaining AFM courses in the above "Two of" list of AFM courses.
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There is very little flexibility for altering the academic/work-term sequence prescribed for the Mathematics/Chartered Professional Accountancy (Math/CPA) - Finance option (see Study/Work Sequence) because of limited term offerings and structured prerequisites for most AFM courses. Since deviations from this sequence can cause a delay in graduation of as much as one calendar year, alterations should not be considered without careful consultation with the CPA academic advisor.
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The order in which required non-math courses in this plan are taken is very important, and there is little room for flexibility (for the same reasons in Note 3 above). During the class enrolment period each term, students should be sure to consult with their academic advisor.
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Students may not repeat an AFM course in which they have obtained a grade of 60% or higher. AFM courses completed with a grade in the range 50 - 59% may be repeated, but only once, and then only with approval from the School of Accounting and Finance.
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Students who have attempted, to the satisfaction of the Standings and Promotions (S&P) Committee and Co-operative Education and Career Action, to gain employment for all four available work terms, but are successful in so doing for only three work terms, will be eligible for a co-op degree, provided they have received credit for all three of their work terms and all three of their work reports, and they have successfully completed all academic graduation requirements. (Students who are successful in gaining acceptable employment for four work terms will be required to have credit for all four work terms and all four work reports in order to qualify for a co-op degree.)
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Students who meet all the academic graduation requirements for this option, but who do not meet the minimum requirements for a co-op degree (see preceding Note 6) may, in exceptional circumstances and at the discretion of the S&P Committee, be awarded a regular Honours Mathematics/Chartered Professional Accountancy degree.
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In order to meet the requirements of both the Faculty of Mathematics and the School of Accounting and Finance, the Math/CPA - Finance option requires the successful completion of 42 courses.
Tuition
This is a high-fee plan. As such, tuition higher than the normal University of Waterloo tuition is required.
Eligibility for Waterloo's Master of Accounting (MAcc) Academic Plan
The Math/CPA plan is designed to lead to the University of Waterloo Master in Accounting (MAcc) degree. Students should consult the MAcc website to ascertain specific MAcc admission criteria for Math/CPA graduates.