Master of Accounting (MAcc)

The Program

The program includes a mix of technical accounting courses, soft skill development, and the integration of knowledge in strategy courses. The MAcc program will prepare you for a career in professional accounting where you must have technical accounting expertise and the ability to apply this knowledge in complex accounting and organizational programs. At the end of the MAcc program, you’ll be ready to tackle the Common Final Exam.

What to Expect

While the technical material will be delivered primarily in a lecture format, the majority of the learning will be through application of knowledge and in-class discussion. Team-based learning will be encouraged in most courses. Case studies will be used extensively and guest speakers will be brought in to enhance the learning experience. 

The MAcc covers all the material of the Professional Education Program as well as supporting courses in Strategy, Negotiations, and Project Management. These courses help round out your overall knowledge base and are areas identified by employers as key skills. This gives you an advantage and helps you stand out amongst your peers. 


Course Descriptions

  • ACCTG 601: Case Studies in Accounting

    This course examines financial statements from the perspective of both preparers and users of financial information. Firstly a firm understanding of accounting methods under each of IFRS and ASPE is developed as a basis for analysis. Ratio and trend analysis is then applied to the financial statements to establish functional relations between the accrual process and the economic position of an incorporated entity. Consequently, the course provides a framework for using accounting information to evaluate a firm.

     

    The course starts with a review of financial accounting concepts, principles, processes, and financial statements. Then it introduces ratio and trend analysis to evaluate the current financial health of an entity. The course then turns to in-depth analysis of the accounting treatment of various income statement, balance sheet and off-balance sheet items to evaluate the appropriateness of such treatment and the effects of chosen accounting methods on the financial statements of the entity. 

  • FIN 625: Finance for MAcc

    Finance in Professional Accounting is designed to build on a student’s previous knowledge developed through their pre-requisite accounting and finance courses. The course will focus on expanding a student’s current finance knowledge and developing their competence in applying this knowledge to problems and cases.

     

    Professional accountants advise entities in the process of making finance related decisions to support them in achieving key business objectives. FIN 625 will build the knowledge that a student requires to assess complex finance issues and advise businesses appropriately. The major course topics will include: treasury management, evaluating sources of financing, financial management, capital budgeting, corporate financial transactions, earnings distribution, derivatives, fixed income and financial risk management. 

  • The objective of performance management is to equip students with the ability to contribute to strategic decision-making, support effective governance, manage and mitigate risk, and assess overall performance. Candidates will apply conceptual frameworks for strategy, governance, risk, and performance in more complex settings than dealt with previously, developing competencies used to focus an entity on improving performance and delivering sustainable value. The course will look at the process of performance management from the establishment of vision, mission and goals; the strategic methods used to achieve these goals; the management of costs and revenues; measurement of individual and organizational performance; evaluation of performance and reporting of performance.

  • This course introduces students to financial statement analysis and accounting-based valuation. The course focuses on the use of financial information to value and assess equity and debt securities. According to the Financial Accounting Standards Board (FASB) in the U.S., the primary purpose of financial reporting (accounting information) is to assist investors in making investment decisions, both equity investments and lending decisions.

    The course will introduce material that will strengthen the student’s ability to understand and use financial statements. Students will learn contemporary valuation models and how to incorporate financial information into these models to provide valuations of equity securities and make equity investment decisions. 

  • SMO 610: Manager as Strategist

    Using a combination of theoretical frameworks and case study examples, the course is designed to provide students with the knowledge and tools necessary to assess an organization’s purpose and values; formulate and evaluate an organization’s strategies; translate strategies into specific business objectives and action plans; analyze the effectiveness and alignment of an organization’s strategy implementation process; assess the role of the organization’s corporate governance polices and processes in achieving strategic objectives; and ensure the management and governance of an organization’s economic, environmental and social sustainability.

  • OM 624: Project Management

    OM 624 will be offered as an exclusive course for MAcc students to provide an overview of how to successfully manage projects. As projects are the way in which organizations implement their strategic objectives, the course will include a look at topics such as the links between strategy and projects, business case evaluations, managing project and product scope, project scheduling, cost management, risk management, stakeholder engagement, project communication and project team management.

  • ACCTG 657: Advanced Auditing

    Advanced Auditing is designed to equip students with the skills and competencies necessary to perform assurance engagements. The course starts with a review of key audit building blocks including assertions, reporting, independence, approach and risk assessment. Then it introduces various specific topics linking the audit process directly to financial reporting and financial accounting. After exposing students to the process of using financial information to support auditing decision making, the course turns to more detailed application of specialized auditing concepts.

  • ACCTG 662: Strategic Tax Planning

    The overall objective of the Tax Strategies course is to help students evolve into knowledgeable tax and business advisors, rather than remain as tax technicians. To do so, the course will review and then build upon their existing competencies in Canadian income tax law as it applies to individuals, corporations, trusts and partnerships primarily through the analysis of real-life fact patterns. By the end of the course, not only should students be better equipped to identify, analyze and recommend solutions to more and less common tax issues, but they should also be better able to incorporate such analyses into their general business and estate planning advice.

  • OM 604: Bargaining and Negotiations

    The goal of this course is to better understand the source of these difficulties and to suggest more productive ways to view and conduct the process of negotiation. The topic of negotiations is one that is receiving increasing attention in masters programs.

    Theoretical knowledge is useful because once you understand why something is happening, you can take appropriate action to address new challenges in new and different settings. Practical knowledge is also essential to good practice but it is often limited to the setting and conditions under which it was acquired. To understand most concepts, things have to happen to you. As a result, in this class we will use a mixture of experiential learning, through several bargaining exercises, and the development of theory to improve our skills at bargaining and negotiation

  • ACCTG 688: CPA Capstone 1

    This course is designed to foster further develop the leadership and teamwork skills. By leveraging the technical competencies gained throughout the MAcc program the student will demonstrate critical and strategic thinking skills in an integrated manner and apply them to a comprehensive case.

    In Capstone 1 students will engage in a series of written assignments, team activities and presentations which culminates in an oral report to group of accounting professionals which is meant to simulate a report to a board. The first five weeks are focused on preparing a written analysis of the case. 

  • ACCTG 689: CPA Capstone 2

    Capstone 2 is designed to allow students to apply the skills and competencies learned throughout the Masters of Accounting Program to highly integrated cases. Students will practice writing all three types of cases they will face on the CFE. The main purpose of the course is to prepare the students for the CFE examination by way of writing and debriefing and peer reviewing cases. In addition to the technical competencies, candidates will continue to develop enabling competencies during this course.