Master of Professional Accounting Program

First in Class

The Master of Professional Accounting Program (MPAcc) is an innovative graduate degree program that attracts top-notch accounting students from across Canada and internationally.  Created by visionary academics in response to the demand for applied, competency-based training, the program actively involves students through the use of business cases, skills workshops, and other contemporary educational techniques.

Over the course of two summer terms, students will complete a comprehensive graduate level accounting program that acts as a proven alternative route for students who are seeking the CPA designation in Canada. We are proud to have a first time pass rate of the Common Final Evaluation (CFE) exceeding 90%. The program also gives students an opportunity to develop an appreciation for the academic research process and academe as a career choice.

CPA Accredited

 

Accreditation level

With the unification of the accounting bodies across Canada, the faculty and staff at Edwards decided to proactively adjust the MPAcc curriculum to match the needs of the new CPA Competency Map, and as a result became the only CPA Accredited post-secondary institution in western Canada. Students enrolled in the MPAcc program will undertake an alternative route that covers the first five modules of the CPA PEP program. Upon completion, students will be able to enroll in Capstone Module 2, then take the Common Final Evaluation.

Course Details

  • Year One

    MPAC 811 Performance Management I

    This course provides MPAcc students with a hands-on opportunity to develop the competencies needed to develop a risk management plan, formulate a firm's strategic direction, and evaluate its governance.

    Strategy determines the direction of the firm, which involves outlining where it is today (analysis of its current situation), where it wants to go (what is a good strategy for the firm), and how it will get there (executing the chosen strategy). 

    All management functions (finance, control, human resources, production, purchasing, logistics, marketing, information technology, etc.) exist to serve the firm in achieving its strategy, so this course is fundamental to your understanding of how organizations work. 

    MPAC 813 Financial Reporting I

    The aim of this course is to develop an in-depth understanding of IFRS (International Financial Reporting Standards) and ASPE (Accounting Standards for Private Enterprises), including the underlying principles upon which the standards were developed. 

    This course will include examination of the financial statements from public companies, analysis of articles from practitioner and academic journals, and participation in simulations of accounting scenarios. 

    MPAC 814 Finance I

    This course will review selected topics from the undergraduate Corporate Finance course and build upon that knowledge. This is accomplished through a deeper and richer consideration of a variety of approaches to financial valuation including discounted cash flow, earnings, and the residual income models. A secondary goal of this course is to develop skills appropriate for an entry level professional at exercising professional judgment and addressing client concerns.

    MPAC 815 Assurance I

    This course aims to develop knowledge of financial statement auditing concepts and practices, enhance critical thinking and analytical skills to support decision making, and develop awareness of relevant academic auditing research.

    MPAC 816 Taxation I

    This Master's level course examines many of the tax issues, problems and planning opportunities professional accountants encounter in providing tax services to taxpayers. Although the topics covered are mapped in the CPA's - CFE syllabus, this course examines the topics at a deeper level while at the same time providing the knowledge and skills helpful for challenging the CFE.

    MPAC 992 Research Project

    This course provides an opportunity to develop insights into, and an appreciation for, the academic research process. During the course you will examine a number of academic research papers and engage in various research design exercises. You will also take part in an accounting research conference featuring invited academics from other programs. You will demonstrate your learning through a combination of written submissions, discussions with the instructor, formal presentations and a final exam.

  • Year Two

    MPAC 821 Performance Management II

    This course introduces students to the vital role that modern management accounting information plays in running a business in today’s economy in the context of performance management. The course pays particular attention to the competency maps of all accounting professions with a view for the future CPA designation.  To ensure coverage of the competencies, technical aspects of management accounting are emphasized and tested in this course.  However, we will also cover a strategic perspective to management accounting.  In the end, you can be assured that the critical aspects of management accounting will be emphasized to prepare you for your future accounting and career requirements.

    MPAC 823 Financial Reporting II

    This course is designed to provide mastery of additional accounting concepts, apply student knowledge in a wide variety of circumstances, and further develop the skills required of professional accountants.  As MPAC 813 precedes this course, students are expected to have a certain mastery of accounting principles before beginning.

    Emphasis in this course will be placed on integrating students’ understanding of GAAP principles. While the focus is largely on profit-oriented firms, an understanding of GAAP for not-for-profit and government organizations will be developed. The combination of MPAC 813 and MPAC 823 is intended to meet, and exceed, all Financial Accounting and Reporting objectives in the CPA Competency Map.

    MPAC 824 Finance II

    This course will review selected topics from Finance I such as a variety of approaches to financial valuation including discounted cash flow, earnings, and the residual income models. This course will also develop competencies for addressing the Finance Indicator on professional accounting certification exams, including financial viability analysis through analysis of cash flows and financial ratios.

    MPAC 825 Assurance II

    This course examines the provision of assurance in modern business, government, and not-for-profit organizations. You will be introduced to several areas in which assurance is provided, and study in detail financial statement audit and review engagements. You also will study the provision of related professional services, which are not designed to provide a specific level of assurance.

    In this course students will:

    • Develop knowledge of assurance concepts and practices relevant to the selected course topics
    • Apply auditing concepts to novel situations (gain an understanding of auditing anything!)
    • Enhance critical thinking and development of refined analytical skills to support decision making
    • Develop professional skills

    MPAC 826 Taxation II

    This Master’s level course examines many of the tax issues, problems and planning opportunities professional accountants encounter in providing tax services to taxpayers.  

    Among the topics examined are: a review of employment and business net income for tax purposes, taxable income and tax payable.  This course will examine the life cycle of a taxpayer both professionally from student to employment to business startup to the eventual sale, windup or dissolution, and personally from student to having a family to being a senior and estate planning issues which are relevant to individual taxpayers, administrative and enforcement provisions.  

    MPAC 890 Integrative Capstone

    This course will integrate content from Performance Management, Finance, Tax, Assurance, and Financial Reporting using a variety of cases and simulations.

    Through this course, students will be able to:

    • Analyze large integrated business problems
    • Demonstrate critical thinking skills
    • Make informed decisions
    • Communicate results of analyses including assumptions made and decisions reached: orally and in written format
    • Work effectively in a team environment

CPA Competency Map

Competency Venn

The MPAcc program has based its success around the core competencies outlined in the CPA Competency Map. These skills have been divided between two types of competencies:

  1. Technical Competency Areas
  2. Enabling Competency Areas

These two areas work together to create a professional level embodied by the CPA designation.

To learn more about the CPA Competency Map, click here!

Application Deadline

Deadline to submit applications for the May 2018 start date is November 30, 2016.  

Due to a small glitch in the application system, we will now allow a few extra days to upload your documents. 

Admission Requirements

  • Admission Requirements

    The Edwards MPAcc admissions team assesses applicants on a composite basis for admission purposes.  We look at a variety of factors when making admission decisions including undergraduate degree, grade point average, experience in the accounting field, and reference letters. An interview may be required.

    Your Completed Admission Package Includes:

    • Completed Online Application Form and $90 Application Fee
    • A Transcript of your Academic Record
    • Supplemental Application Form
    • Three Letters of Reference
    • Current Resume
    • English Proficiency Scores (if required)

    All documents must be uploaded to your online application. 

    4 Year Undergraduate Degree 

    Applicants must have a four-year undergraduate degree from a recognized university. Applicants must demonstrate their ability to pursue advanced study with a minimum 70% overall average in the last two years of undergraduate studies. Unofficial transcripts from all post-secondary institutions that you have attended must be uploaded to your application. Transcripts from the University of Saskatchewan do not need to be uploaded, but are required from all other institutions you have attended. For countries where degree certificates are issued, they must also be uploaded. If accepted, an official transcript of your academic record is to be sent directly from each institution attended.

    • Adequate preparation in Canadian Accounting principles as demonstrated by successful completion of the appropriate university-level prerequisites courses as designated by the Canadian Institute of Chartered Professional Accountants for entrance into their Professional Education Program. 

    Students who have at least four months of work experience as an articling student or in a similar position will be given preference. Work experience provides a practical framework that enhances the student's ability to understand and critically assess the subject matter considered in the MPAcc program.

    Supplemental Application Form

    The Supplemental Application Form gives us background information on which courses you have completed and what work experience you have or plan on obtaining before MPAcc begins. Download it here.

    Letters of Reference

    The Edwards MPAcc requires you to submit 3 confidential letters of recommendation, from professors or others acquainted sufficiently with your training and experience to express an opinion on your ability to undertake graduate training. Two of these must be academic references and one professional.

    1. Contact your referees and ask them to provide a reference for you for the Edwards MPAcc program, and obtain an up to date email address.
    2. You will then fill out your referee’s complete information on the online application form, and enter their current email address.
    3. Once your application is completed, your referee’s will be sent a link where they can fill out an online form for your reference letter.

    Resume

    Outline your previous work education and work experience (if applicable) so the selection committee can have a good understanding of your background.

    Proof of English Proficiency

    Applicants whose first language is not English, must provide proof of proficiency in English. Please request that the testing centres send your scores directly to our institution. Our institution code is 0980. For a list of countries from which students do not need to provide English language proficiency, Click Here.  
    • TOEFL (Test of English as a Foreign Language) evaluates the potential success of an individual to use and understand Standard English at a college level.  TOEFL scores are valid for two years from the date the test is taken. Minimum Score of 80 on the Internet-based test
    • IELTS (International English Language Testing System) measures ability to communicate in English across all four language skills - listening, reading, writing and speaking.  We only accept academic IELTS test scores, not general.  A minimum score of 6.5 is required in each area.

    All scores must be from one exam date, not to be combined with other exam dates. Tests are valid for 24 months after the testing date and must be valid at the beginning of the student's first term of registration in the graduate program.

  • International Applicants
    The requirement to hold adequate preparation in Canadian accounting, auditing and tax will not be waived based on study of these subjects in other countries. The material covered in MPAcc requires an in-depth knowledge of Canadian standards, obtained from a recognized Canadian institution (college or university).  The only exception is if the courses taken outside of Canada are recognized as equivalent by the CPA Western School of Business.  This can be done by requesting an assessment of your transcripts by CPAWSB.  Please visit https://my.cpawsb.ca/Register to set up a My CPA Portal profile and request to have an international transcript assessment completed by CPAWSB. Please note that this transcript assessment process can take up to 12 to 14 weeks. Visit www.cpawsb.ca or contact cpaapplication@cpawsb.ca for more information.

Tuition

The College of Graduate Studies and Research at the University of Saskatchewan governs tuitions and fee structures for graduate programs across the university including the M.P.Acc. program. Graduate fees are comparable to similar programs at other universities. The 2016-17 fee structure for graduate studies is provided below:

Canadian Student Tuition (Entire program) 

International Student Tuition (Entire program)

$19,500.00

$29,250.00

Subsequent year fees are subject to annual University of Saskatchewan Board of Governors approval.

University of Saskatchewan

Student Fees

$15 per summer (approx)

Student Fees - All graduate students, including international graduate students, must pay the student fees. These fees are subject to review and revision at any time, and, they are non-refundable after the add/drop deadline for a given term. Current fees are posted on the Money Matters website. For information on how and when to pay graduate fees check the University Course Calendar for Payment of Tuition and Compulsory Fees.

Textbooks and Course Materials - Estimates are about $700 per summer for class textbooks. This does not include the costs of a computer or other electronic equipment. You can purchase books online, including second hand books, from the Uof S Bookstore website.

Ready to Study With Us?

If you would like more information on our program, please contact us!

Graduate Programs Office
Edwards School of Business
University of Saskatchewan
Room 289, 25 Campus Drive
Saskatoon, Saskatchewan, Canada
S7N 5A7

Call Us 306-966-8410 Email Us Download Brochure Apply Now