Have questions about ACAF? Review the answers to common questions below. If you still have questions, contact an advisor for more information.
ACAF is a technical certificate program developed by Chartered Professional Accountants of Canada (CPA Canada) and offered through select post-secondary institutions for those aspiring to careers in accounting and finance, but not as qualified CPAs. The program has been designed to meet the needs of employers in all sectors of the Canadian economy. Students will learn to apply the technical accounting and software skills that employers value in this competitive job market.
You will receive a certificate from CPA Canada upon successful completion of the program which includes the ACAF National Examination. Earning the ACAF proves to employers that you have the applied technical and soft skills that make you an asset in the workplace.
The ACAF is an online education program created for students looking for intermediate careers in accounting and finance. It builds on the knowledge generally gained through a two-year college diploma program. You gain the applied technical and soft skills valued in today’s marketplace. Developed in consultation with employers from all sectors of the Canadian economy, the ACAF is the only nationally-recognized intermediate accounting and finance certificate in Canada.
CPA preparatory courses do not constitute a program and do not lead to a certificate or credential. They are a suite of courses offered by the CPA profession which you may take to meet the ACAF entry and technical course requirements or to meet the prerequisite course requirements for entry to the CPA professional education program. You may also take these courses from post-secondary institutions. ACAF’s applied courses are only available through select PSIs across Canada.
CPA is Canada’s preeminent, globally recognized professional business and accounting credential that best protects and serves the public interest. The designation is regulated by provincial bodies which operate under the CPA Act to: protect the public; protect the integrity of the accounting profession; promote and increase the competence of registrants; and regulate the conduct of registrants. CPAs are held to high standards of professional conduct and competence.
ACAF is a non-regulated accreditation granted by the Canadian CPA profession. It is a separate education program designed for people seeking careers (or currently working) in intermediate level positions. ACAF has its own admission and assessment standards.
To become a designated CPA, you must be admitted as a member of a CPA provincial body. This requires:
- Completing the CPA Professional Education Program (CPA PEP)
- Passing the Common Final Examination (CFE)
- Completing a minimum of 30 months of appropriately supervised and mentored practical experience
Entry requirements to the CPA Professional Education Program (CPA PEP) include successful completion of 14 prerequisite courses and a 120-credit hour (4-year) undergraduate degree (or equivalent) from a recognized post-secondary institution.
Prior to enrolling in any technical courses, it is recommended you successfully complete Introductory Financial Accounting, Introductory Management Accounting, Intermediate Financial Reporting I, Intermediate Financial Reporting II and Business Law. These courses are required prerequisites for specific technical and applied courses.
Yes. There is no specific requirement to hold a college diploma to begin the ACAF program. You can meet the entry course requirements through select post-secondary institutions or CPA preparatory courses.
The program is designed to be completed within two to three years of part-time study, or sooner, depending on credits already earned.
No. The only way to become a designated CPA is to be admitted as a member of a designated CPA provincial body. This involves completing the CPA professional education program, passing the common final examination and completing 30 months of appropriately supervised and mentored practical experience.
Yes. You may be exempt from individual technical courses if you have passed accredited academic equivalents with a minimum grade of 60%. There are no exemptions from the applied courses, except for Accounting Software Application.
Yes. As an internationally-trained accountant, you may find the ACAF provides a helpful intermediate step in establishing an accounting career in Canada by providing a Canadian credential that recognizes international education and experience. You may be exempted from individual technical courses, of which there are
Please note, there is no requirement to move to Canada to complete (or upon completion of) the ACAF program. Individuals living outside of Canada should email firstname.lastname@example.org for more information on the ACAF and