Program Structure

The Advanced Certificate in Accounting and Finance (ACAF) program is being discontinued.  

The CPA profession is working with post-secondary institutions for a smooth wind down of ACAF that ensures students are enabled to finish the program before one of the final ACAF National Examinations on September 6, 2019, January 31, 2020 or January 29, 2021 or transition to an alternative course of study.

The ACAF program is built to deliver technical skills that get you ahead, in a way that is:


Using authentic business scenarios with hands-on use of accounting and business software.


With valuable workplace skills such as ethics and communications woven into the program.


With electives to give you the best opportunities for advancement in a career area of
your choice.


Study at your own pace and complete the program within two to three years (part-time), or sooner, depending on credits previously earned.



  • Six technical courses: These courses build on a typical two-year college accounting diploma program, providing intermediate-to-advanced-level technical content in financial reporting, corporate finance, audit and assurance, taxation, management accounting and information technology.
  • Five applied courses: These courses enhance your existing accounting education and experience with the additional technical knowledge, IT applications, communications and workplace skills needed to progress in your career.
  • ACAF National Examination: This examination evaluates students’ understanding of the information taught in the Business Applications applied course. In Manitoba, the examination is administered through the CPA Western School of Business.

Prior to enrolling in any technical courses, it is recommended you successfully complete the following five entry courses typically covered in a two-year accounting diploma program:

  • Introductory Financial Accounting
  • Introductory Management Accounting
  • Intermediate Financial Reporting I
  • Intermediate Financial Reporting II
  • Business Law

You may take entry and technical courses through the CPA profession (where they are offered as part of CPA preparatory courses) or from a post-secondary institution. Applied courses are only available through select post-secondary institutions across Canada.

All entry and technical courses must be successfully completed before enrolling in applied courses. Ethics and Workplace Skills and Accounting Software Applications are prerequisites for other applied courses.