University of Waterloo Accounting and Financial Management Transfer Credit Policy

Foundation

CGA Ontario Courses 

University Equivalent 

Financial Accounting Fundamentals (FA1) 

AFM 101 

Introduction to Financial Accounting

Micro and Macro Economics (EM1) 

ECON 101
ECON 102

Introduction to Microeconomics
Introduction to Macroeconomics

Business Law (LW1) 

AFM 231
or
MTHEL 100 

Business Law 

Commercial and Business Law

Financial Accounting: Assets (FA2) 

AFM 291

Intermediate Financial Accounting 1 

Business Quantitative Analysis (QU1) 

STATS 211
or
ECON 221

Introductory Statistics and Sampling for Accounting
Statistics for Economists

Management Accounting Fundamentals (MA1) 

AFM 102

Introduction to Managerial Accounting 

Business Communication (CM1) 

Two half-credit courses required. Any two of the following: business communications, effective writing or an English course such as SPCOM 223 or ENG 210F.  

Financial Accounting: Liabilities and Equities (FA3) 

AFM 391 

Intermediate Financial Accounting 2 

Corporate Finance Fundamentals (FN1) 

AFM 271

Managerial Finance 1

Managing Information Systems (MS1) 

AFM 241

Introduction to Business Information Technology 

Accounting Business Case (BC1) 

To be eligible for a transfer credit in BC1, you must obtain transfer credits in FA1, FA2, FA3, CM1, MA1, MS1, FN1 and have a business degree or diploma. All requirements must be completed prior to enrolment in the CGA program.  

Advanced

Advanced Management Accounting (MA2) 

AFM 481 

Cost Management Systems 

Personal and Corporate Taxation (TX1) 

AFM 361
AFM 461 

Taxation 1
Taxation 2

External Auditing (AU1) 

AFM 201

Introduction to Professional Practice

Accounting Theory and Contemporary Issues (AT1) 

AFM 401

Accounting Theory

Financial Accounting: Consolidations and Advanced Issues (FA4) 

AFM 491 

Advanced Financial Accounting 

Electives

*Advanced Corporate Finance (FN2) 

AFM 371

Managerial Finance 2

*Advanced External Auditing (AU2)

AFM 451

Auditing Strategy

*Advanced Personal and Corporate Taxation (TX2) 

AFM 461

Taxation 2

*Management Auditing (MU1)

AFM 452

Comprehensive Operational Auditing

*Information Systems Strategy (MS2)

AFM 341

Accounting Information Systems

Note: All course equivalents listed are only available to full-time University of Waterloo students.
A grade of “C” is required in each of the equivalent courses in order to obtain a transfer credit.
*Challenge Examination

For more information, please contact Sati Bandyopadhyay by phone at (519) 888-4567 ext. 32533, or by email at bandy@uwaterloo.ca.

Transfer credit policies are subject to change without notice.   

Updated as of July 2011.