History of Excellence in Accounting and Finance
The Department of Management has a long and distinguished history of providing an excellent education in Accounting and Finance. Students are well prepared to meet the requirements of careers in both Accounting and Finance. Our success rate for students completing their professional exams in Accounting is exceptionally high. A UTSC student was the Uniform Evaluation Final Exam (UFE) Gold Medalist in 2007 and a number of our students have earned spots on the national UFE honour roll over the past few years (namely 2007, 2011, 2012 (3 students) and 2013). In 2014, the last year that performance data was released by the CPA profession, our UFE pass rate was 94%.
We have two graduates on the 2017 CPA-CFE National Honour Roll, a huge achievement!
Our Finance area has also been an area of strength as many of our students pass the CFA Level I exam before or upon graduation after completing a wide range of Finance courses covering many areas and topics.
To learn more about our undergraduate successes in Accounting and Finance, please visit the Current Students and Recent Graduates Profiles Page.
Award Winning Faculty and Highly Respected Professionals
The Department benefits from a highly-qualified and dedicated faculty in all disciplines of Management, including internationally recognized researchers and highly-respected professionals.
Our tenure-stream faculty is comprised of a number of award winning researchers who are committed to bringing their research into the classroom. For example, Mariana Khapko is the recipient of several research awards, and has also been selected as a participant in the 5th Lindau Nobel Laureate Meeting in Economics, and Jason Wei is the recipient of numerous SSHRC grants, providing continuous funding from 1997 to 2015.
Our teaching-stream faculty members are excellent teachers who have won numerous teaching awards, received many teaching grants and have been recognized in their professions. For example: Liang-Hsuan Chen is a multiple teaching award recipient who has received the prestigious Fellowship Award (FCGA) and the Alice L. Beeman Research Award in Communications and Marketing and Teaching Enhancement Grant to support online learning in Financial Accounting courses. Sandra Daga is the winner of multiple awards for innovation in teaching, and a student appreciation award. George Quan Fun is the recipient of several teaching awards, as well as a John Arbor Award for personal service to the University. All of our faculty members are also committed to bringing the latest in pedagogical research into the classroom.
MAccFin program offers a unique blend of courses designed to give students the opportunity to meet both the CPA Ontario and CFA requirements. Students will also complete courses in leadership, data analytics, and strategy, as part of their preparation to become strategic decision-makers and leaders of industry.
The MAccFin is a good fit with the CPA program because the integration of a wide range of knowledge, including accounting and finance, is one of the main factors that makes the Canadian CPA designation a pre-eminent business credential. To become a Chartered Professional Accountant, candidates must also complete the academic pre-requisite requirements, the Professional Education Program (PEP), Common Final Examination (CFE) and 30 months of qualifying practical experience.
The curriculum in the MAccFin is based on the Candidate Body of Knowledge (CBOK) from the CFA Program and will cover concepts and skills that students will use at all stages of their careers. This strong foundation of knowledge is part of what makes the CFA credential the most respected and recognized investment management designation in the world. To earn the Chartered Financial Analyst credentials, candidates must complete the CFA Program, and at least 48 months of qualifying work experience.