Advanced Certificate in Accounting and Finance (ACAF)
The Advanced Certificate in Accounting and Finance (ACAF) program is being discontinued. We are working with the Post Secondary Institutions for a smooth winddown of ACAF that ensures students are enabled to finish the program before one of the final ACAF National Examinations in September 2019, January 2020 or February 2021 or transition to an alternative course of study.
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In Quebec, the ACAF is currently only offered in French.
The Canadian CPA profession has designed the Advanced Certificate in Accounting and Finance (ACAF) for individuals aspiring to elevate their accounting and finance skills to an intermediate level. By developing the competencies demanded by top employers, the ACAF is a real springboard to a promising career.
What is the ACAF?
The ACAF is a CPA Canada education program delivered by universities across the country. The program is made up of technical courses1, applied courses2 and a final examination. On successful completion of the program, you will receive a certificate from CPA Canada.
1 The technical courses build on prior education, providing intermediate- to advanced-level technical content in financial reporting, corporate finance, audit and assurance, taxation, management accounting and information technology.
2 The applied 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.
Important! The ACAF does not lead to the chartered professional accountant (CPA) designation.
Are you interested in becoming a CPA? Find out the key steps to obtaining the designation >
Who is the ACAF for?
The ACAF is right for you if:
- you have completed a technical college program in accounting or have a diploma of college studies (DEC), and have at least 2 years of work experience; OR
- you have worked in an accounting function without a recognized credential for at least 4 years; OR
- you are an internationally trained accountant wishing to work in Canada.
You do not need a college or university diploma for admission to the program. However, prior to enrolling in the ACAF, you must have successfully completed, at a minimum, the 5 following entry courses in accounting, finance and business law:
- Introductory Financial Accounting
- Introductory Management Accounting
- Intermediate Financial Reporting 1
- Intermediate Financial Reporting 2
- Business Law
Registration and program
To register for the ACAF and the courses, go directly to a university that offers the program.
Accredited universities in Quebec3
3 Other universities may be accredited to offer the program in the coming months.
To obtain the ACAF, you must pass a national examination, which you have to take in person. Once you have successfully completed all the courses, you need to register with the Order and provide your transcript to prove that you are eligible to write the examination.
The examination evaluates the knowledge acquired in the Business Applications applied course, which is the last course of the ACAF program.
Visit CPA Canada's website for more information on this examination and for the next examination dates.