The School of Accounting and Finance (SAF) at University of Waterloo is a professional school within the Faculty of Arts. The School was established in 1985 under the name 'School of Accountancy'. Its name was changed in 2008 to better reflect its program offering. The School has made important contributions to the development of the accounting profession in Canada.[1] The faculty is a significant producer of accounting research and industry teaching material.[1] Alumni hold leadership positions in public accounting, industry, government and academia.[2] Today, nearly 1000 students are enrolled in the School's programs. In September, 2009 a new 52,000 square feet (5,000 m2) building was officially opened to house the School.
The School of Accounting and Finance offers the largest accounting and finance undergraduate cooperative education (co-op) program in Canada [3]. Most of the School's programs are uniquely accredited by Canadian industry associations. Access to exceptional faculty, advanced professional standing and the opportunity for paid work experience in between academic terms make admission to undergraduate programs administered by the School extremely competitive.
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The School of Accounting and Finance offers three undergraduate programs, one post-bachelorette diploma, two graduate programs and one doctoral program. Additionally, the School jointly administers one undergraduate program and one graduate program with the Faculty of Mathematics and one undergraduate program with the Faculty of Science.[4] These programs are: School of Accounting and Finance Programs: Bachelor of Accounting and Financial Management (BAFM) - Public Accounting, Bachelor of Accounting and Financial Management (BAFM) - Financial Management, Bachelor of Computing and Financial Management (BCFM), Master of Accounting (MAcc), Master of Taxation (MTax) and PhD in Accounting; Joint with the Faculty of Mathematics: Bachelor of Mathematics (BMath) - Chartered Accountancy and Master of Quantitative Finance (MFinance); and, Joint with the Faculty of Science: Bachelor of Science (BSc) - Chartered Accountancy.
Bachelor of Accounting and Financial Management Co-op (BAFM)
Students in the BAFM Program may customize a degree so long as the basic minimum requirements set out in the BAFM Plan are met. Graduates of the BAFM program typically aspire to a host of professional accounting and/or finance credentials such as the Chartered Accountant (CA), Certified Management Accountant (CMA), Certified Public Accountant (CPA), Chartered Business Valuator (CBV) Chartered Financial Analyst (CFA) designation. BAFM candidates take an area of interest in a non-accounting/finance subject area along with accounting and finance courses. BAFM students/graduates are eligible to apply to the School's MAcc program.
Students in the BAFM Program must apply to one of two work streams upon application to the BAFM program. Changes to work term sequencing are typically not available to students in the BAFM Program. Students may obtain co-op employment deemed by a number of professional bodies to be qualifying practical experience for accreditation purposes. These sequences are:
Mathematics and Chartered Accountancy Co-op (MathCA)
Students in the MathCA program may customize a degree so long as the basic minimum requirements set out in Mathematics Chartered Accountancy Plan are met. Typically, students take math courses along with the accounting and finance courses. The work-term sequence in structured similar to the BAFM-PA schedule. Students in the program may obtain co-op employment deemed by professional bodies to be qualifying practical experience for accreditation purposes. MathCA students have access to the University's "Chartered Accounting" job posting and application cycle.
Graduates of the MathCA program typically aspire to a CA designation. In addition to preparation for CA accreditation, three study options are offered that allow students to explore complimentary areas: finance, actuarial science, and operations research management. Students who complete the Finance Option are highly prepared to pursue the CFA curriculum and accreditation process. Students who complete the Actuarial Science Option are suited to explore professional actuary exams. Students who complete the Operations Research Management Option are suited for specialized roles in public accounting, business or research. MathCA students/graduates are eligible to apply to the School's MAcc program.
Biotechnology and Chartered Accountancy Co-op (ScienceCA)
Students in the ScienceCA program take science courses along with the accounting and finance courses. Students are especially well-prepared for work in public accounting or with biotechnology-intensive businesses. Student take two of four co-op terms during busy season (Jan-Apr). Students in the program may obtain co-op employment deemed by professional bodies to be qualifying practical experience for accreditation purposes. ScienceCA students have access to the University's "Chartered Accounting" job posting and application cycle. Admission to the ScienceCA program is competitive. ScienceCA students/graduates are eligible to apply to the School's MAcc program.
Bachelor of Computing and Financial Management (BCFM)
This is new Program offered jointly with the David R. Cheriton School of Computer Science in the Faculty of Mathematics. Students take computer science courses along with accounting and finance courses. Upon completion, these students will receive a unique degree in Canada. Students in this program typically complete six co-op work terms, with the first commencing between semester two and three. The work term sequence is: May-Aug, Jan-Apr, Sep-Dec, May-Aug, Jan-Apr and Sep-Dec. The first class is expected to graduate in 2011. CFM students/graduates are not eligible to apply to the School's MAcc program. CFM students are well-suited to pursue a number of professional accreditation in finance and/or advanced business or science degrees.
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