Career Map

for Internationally
Trained

Certified General
Accountants
Access to the Certified General Accountant
designation in Ontario
This document was updated in collaboration with the Labour Market Integration
Unit, Ontario Ministry of Citizenship and Immigration in May 2007. Requirements
may have changed by the time you apply. Please contact The Certified General
Accountants of Ontario (CGA Ontario) before completing your application.

The Queen's Printer for Ontario and The Certified General Accountants of
Ontario (CGA Ontario) © 2007 jointly hold copyright to this Career Map. It may be
used or reproduced by any third party for non-commercial, not-for-profit
purposes, provided no fee, payment or royalty of any kind is charged by the third
party for any further use or reproduction of the fact sheet by any person. Any
proposed commercial or for-profit use or reproduction of this fact sheet requires a
written license from the Queen's Printer for Ontario and The Certified General
Accountants of Ontario.

Certified General Accountants (CGAs) are highly skilled financial

management professionals who analyze and interpret financial information; think
creatively and solve complex problems; and plan, forecast and implement
corporate strategies. The CGA designation is recognized throughout Canada and
around the world as a pre-eminent standard of true excellence and
professionalism in all aspects of finance and business management. In addition,
CGAs belong to an elite group of professionals capable of applying current
technologies to make sound business decisions, manage complex information,
and provide effective organizational leadership.

CGAs are committed to continuing professional development and adhering to a

highly-respected Code of Professional Conduct.

The Certified General Accountants of Ontario (CGA Ontario) represents over

17,000 members and over 8,000 students in Ontario. It is the self-governing
provincial professional authority responsible for the accreditation, regulation and
continuing professional development of CGAs in the Province of Ontario. It
operates under the provisions of the Act respecting the Certified General
Accountants Association of Ontario, the CGA Ontario By-Law, and the Code of
Ethical Principles and Rules of Conduct.

CGA maintains rigorous standards of accreditation and professionalism in

accounting to protect the public interest.

To use the designation “Certified General Accountant” or initials “CGA” or work

as a Certified General Accountant in the province of Ontario, you must be a
member in good standing of The Certified General Accountants of Ontario (CGA

2
Ontario) and have been certified by CGA Ontario or a provincial / territorial
affiliate of CGA-Canada.

The Certified General Accountants Association of Canada (CGA-Canada, also

referred to in this Career Map as the Association) was incorporated by the House
of Commons in 1913. Along with Canada's provincial and territorial affiliates,
CGA-Canada represents over 68,000 students and CGAs across Canada. It is
an internationally-recognized full partner of the world's leading accounting
standards organizations and conforms to the international guidelines of the
International Federation of Accountants (IFAC) , delivering its program of
professional studies to accounting students around the world.

In addition to members and students across Canada, there are currently more
than 1,700 CGAs and 1,800 students outside Canada, including in the Caribbean
since the 1970s, Macau since 1984, and Hong Kong and mainland China.

The CGA designation is distinct from other accounting designations such as

Chartered Accountant (CA) and Certified Management Accountant (CMA), which
have different professional bodies, qualification requirements and areas of
practice. For information on the CA and CMA bodies, contact them directly or
refer to the Career Maps posted on the Government of Ontario website.

How to Obtain your CGA Designation in Ontario

To obtain the CGA designation in Ontario:

• You must hold an undergraduate university degree from any approved

degree granting institution, in any field. If you do not have a university
degree, CGA-Canada provides a number of opportunities to complete a
degree concurrent with your CGA program of professional studies.
• You must successfully complete – as verified by CGA Ontario's Education
department – CGA-Canada's program of professional studies, which
includes:

o independent, online study, including submission of assignments

through the Internet
o write and pass national examinations
o concurrent practical experience – the CGA program is a work-study
program, not a program of full time study.

• To be eligible to register with CGA Ontario, you have to:

o be a Canadian citizen or landed immigrant

o be a permanent resident of Ontario
o be bondable (not have been found guilty of any criminal offences)

3
 • CGA Ontario's Education Department must present your name to the
provincial board of governors at its next scheduled meeting for admission
to members. The formal admission to membership ceremony is held
annually every fall.
• Once admitted to membership, you become a registered member of both
the national organization (CGA-Canada) and the local affiliate (CGA
Ontario).

Recognition of Credentials Received in Another

Canadian Province or Territory, or in Another
Country
CGA’s exclusive national program gives you the portability of transferring your
designation or studies from province to province. The CGA designation is
recognized throughout Canada and around the world.

Application Process
While You Are Still Abroad (Before You Immigrate to Ontario)

If you have any post-secondary course credits, or if you have accountant

qualifications from other jurisdictions (such as a CPA from the U.S., or a CA from
India, or CIMA from the U.K. etc.) you can begin the process of requesting
transfer credits for the knowledge you have already attained. To this end, you
must complete and forward an Application for Transfer Credits (available online
at: http://www.cga-
ontario.org/contentfiles/become_a_cga/application_process.aspx), resume and
have your institution forward an official sealed transcripts of marks to the CGA
Ontario office. You may also be requested to provide a course descriptions or
program syllabus. These evaluations will be valid for two years.

On December 18, 2006, a global mutual recognition agreement (MRA) was

signed between the Association of Chartered Certified Accountants (ACCA) and
the Certified General Accountants Association of Canada (CGA-Canada). For
further information, visit the ACCA website www.accaglobal.com.

In addition, if you have attained intermediate and/or senior-level on-the job

financial management or accounting experience, gather together third-party
confirmation, written by your employer, on company letterhead, confirming:

• your experience
• your position title(s) while employed at that organization

4
 • the start and end dates of your employment
• your major responsibilities/accomplishments in that position, described
under the following categories (it is not necessary that your experience
cover all these areas):

o Accounting
o Financial Management
o Information Systems Management
o Taxation
o Non-financial management (such as human resources, corporation
restructuring, feasibility studies)
o Auditing

For further information on the experience requirement and to obtain a frequently

asked questions brochure on this topic, go to http://www.cga-
ontario.org/contentfiles/become_a_cga/application_process.aspx

Once you move to Ontario and become a student in the CGA program, you will
need the letters from your employers attached to completed EPAS forms. Please
do not send these forms in advance of becoming a student in the CGA program,
as they will not be kept. You will only need this documentation once you become
a student in the CGA program. At that point, CGA Ontario may be able to count
up to one of your years of practical experience in your home country toward your
practical experience requirement. If any letters are missing or forms incomplete,
your form will not be evaluated once you arrive in Ontario. You will still have to
gain a minimum of another year's Canadian experience in an acceptable
accounting, auditing, taxation, financial management or systems position once
you arrive in Ontario.

When You Arrive in Ontario

Language Proficiency Requirement

You will need appropriate English writing skills at the Grade 12 English level. You
will be expected to use appropriate vocabulary and correct grammar, spelling
and punctuation in all written work. If you are not proficient in English writing
skills, you should consider taking upgrade courses available at local secondary
or post-secondary educational institutions prior to applying for admission to the
CGA program of professional studies.

It is also advisable that you possess mathematical aptitude at least equivalent to

the high school grade 12 level.

5
Step 1 – Assess Your Academic Qualifications

You can enter the CGA program of professional studies at a level that is
consistent with your educational background or if you are a mature student who
has completed high school and are over the age of 21 with two years of work
experience. Your educational background can include business or accounting
credits, in the form of certificates, diplomas, or degrees, from other countries.

If you have been educated outside Canada, CGA Ontario will perform an
assessment of your courses to determine your transfer credits towards the CGA
program of professional studies. CGA Ontario may also evaluate international
degrees, to determine whether they meet the degree standard. In some cases,
CGA Ontario must require that you have your degrees assessed by an outside
agency. If your education does not meet the CGA degree requirement, you will
be required to obtain a Bachelor’s degree prior to certification.

If you have not been a post-secondary student for a long time, you should
consider taking a course or seminar in effective study skills at a post-secondary
educational institution to prepare you for the CGA program of professional
studies.

a) CGA Program of Professional Studies

Requirements
The following 19 courses and the accompanying national examinations (or their
equivalent) are compulsory for CGA certification:

• Foundation Studies

o Level 1 (three courses): Financial Accounting Fundamentals

(FA1); Micro & Macro Economics (EM1); Business Law (LW1)
o Level 2 (four courses): Financial Accounting: Assets (FA2);
Business Quantitative Analysis (QU1); Management Accounting
Fundamentals (MA1); Business Communications (CM1)
o Level 3 (three courses plus a business case): Financial
Accounting: Liabilities and Equities (FA3); Corporate Finance
Fundamentals (FN1); Managing Information Systems (MS1); plus
Accounting Business Case (BC1)

• Advanced Studies

o Level 4 (five courses plus a business case): Advanced

Management Accounting (MA2); Personal & Corporate Taxation
(TX1); Accounting Theory & Contemporary Issues (AT1); External

6
 Auditing (AU1); Financial Accounting: Consolidations & Advanced
Issues (FA4); plus Public Practice Audit Case (BC2)

• Professional Admission Comprehensive Examinations (PACE Level).

These courses, each of which requires passing four 4-hour certification
examinations, represent your final phase of academic preparation prior to
certification as a CGA.

o Compulsory (two courses): PA1: Issues in Professional Practice;

PA2: Strategic Financial Management
o Plus two courses in one of the following financial management
career options:

ƒ Option 1: Corporate & Small-Medium Enterprise :

Advanced Corporate Finance (FN2) plus Information
Systems Strategy (MS2) or Internal Auditing Controls (MU1)
ƒ Option 2: Information Technology : Information Systems
Strategy (MS2); Internal Auditing Controls (MU1)
ƒ Option 3 : Government and Not-For-Profit: Public Sector
Financial Management (PF1); Information Systems Strategy
(MS2) or Internal Auditing Controls (MU1)
ƒ Option 4: Public Practice: Advanced Personal & Corporate
Taxation (TX2); Advanced External Auditing (AU2)

The program syllabus, which provides detailed information about course content,
is available online at http://www.cga-
ontario.org/contentfiles/program_requirements/syllabus0506.aspx?order=53

If your previous education satisfies program course requirements for courses

from Level 1 through Level 4, you may:

• Receive transfer credits that allow you to enter the program at a

more advanced level. You will need to provide proof that you have
successfully completed the substantial equivalent of a course or courses
at an approved post-secondary institution, and that the course content and
standards is equivalent and acceptable by CGA Ontario. To this end, you
must complete and forward an Application for Transfer Credits (available
online at: http://www.cga-
ontario.org/contentfiles/become_a_cga/application_process.aspx ), plus
official transcripts of marks and a resume, to the CGA Ontario office. Work
experience is not accepted as a basis for granting transfer credits, but
may be considered in assessing CGA Ontario’s practical experience
requirement. The Association may deny transfer credits for courses that
are deemed to be out of date. The Association will review the date when
you took the course to confirm that the content is still relevant to current
practice standards. In addition, the Association reserves the right to

7
 prescribe a special program of studies for students who have been
granted transfer credits. Where doubt exists about course content or
educational standards completed, you may have to take the challenge
examination. Your eligibility for transfer credits is only valid for two years
from the initial evaluation date. If you postpone your enrolment beyond
that two years, your transfer credits must be re-evaluated. The Association
may deny transfer credits for courses that are deemed to be out of date.
• Need to write a Challenge Examination if CGA Ontario grants you
this privilege in one of your courses. In other words, if you have passed
an advanced course which CGA Ontario has assessed as equivalent to
one of its advanced courses, you have to pass the CGA Challenge Exam
in that course to get a credit for the course. You can write it within one
year of enrolling in the CGA program of professional studies. If you are
unsuccessful, you will have to enroll in and pass the course.

To appeal CGA Ontario's decisions with respect to transfer credits, you will need
to send a word-processed, signed, and dated letter, by regular fax or mail, to the
attention of the Registration Management Appeals Panel. This letter should:

• state which additional transfer credit(s) you are appealing

• clearly and concisely provide all pertinent detail
• be accompanied by supporting documents (course descriptions, syllabus,
etc.)

The Registration Management Appeals Panel reviews appeals on a monthly

basis and will forward its decision letter by regular mail to you within six to eight
weeks of your submission.

You are allowed a maximum of two appeals relating to the same course, but you
have to provide additional information or documentation for the second appeal.

The CGA program of professional studies is designed to let you study part-time
while working full-time. There are four sessions annually (fall, winter, spring and
summer), and you can take only one course per session.

b) Post-Secondary Requirement
You are required to obtain a Bachelor’s degree. The degree may be from any
approved post-secondary degree-granting institution and may be obtained in any
field. The degree requirement is an exit requirement, not an entrance
requirement.

Step 2 – Attain Your Academic Qualifications

All courses in the CGA program of professional studies use computer-integrated

delivery and business software. You will need to have technology available to be

8
able to access all course content and study resources including audio lectures,
online comprehensive course reviews, audio-streamed exam reviews and
multiple choice testing. This technology will enable you to find a study partner in
your course anywhere in Ontario through CGA Ontario’s "Find a Study Partner"
resource if you need in-person assistance. In addition, course experts are
available online via CGA Ontario's course director program, where you can
submit academic course content questions to your tutor.

CGA Ontario students must therefore own, have the owners' permission to use
on their system, or purchase recommended Windows and Microsoft Office
software. To find out exactly which software versions are required for CGA
Ontario courses, go to http://www.cga-
ontario.org/contentfiles/program_requirements/technological_requirements.aspx

You can either study to become a CGA concurrently with attaining your
Bachelor’s degree, or attain a Bachelor's degree or college diploma on your own,
then take courses to complete the CGA certification requirements. It all depends
on your academic qualifications when you enter the program of professional
studies.

Option A: Study to become a CGA concurrently with attaining your

Bachelor’s degree

The Association administers the admission and course delivery processes for the
following post-secondary partnerships, which allow you to study entirely on-line
(via distance education):

• A Bachelor of Applied Business Administration in Accounting and

Information Technology degree through Southern Alberta Institute of
Technology is a four-year applied degree program that allows you to get
your CGA designation concurrently with Information Technology skills and
training. Admission is open to students who have completed Levels 1
through 3 of the CGA program of professional studies. It includes two four-
month directed field study terms; these are projects completed within your
current work environment.
• The Honours Bachelor of Commerce (H.B.Com) degree through
Laurentian University provides you with management education and
core business skills that compliment the CGA program of professional
studies. You are eligible for admission once you have completed Levels 1
through 3 of the CGA program of professional studies (or their equivalent
by way of transfer credits). LU will accept transfer credits for Level 4
courses where they are granted as transfer credits by CGA Ontario.
• The Masters of Business Administration (M.B.A.) through Laurentian
University for those who want to continue their studies once attaining
their H.B.Com degree and are in the senior level of the CGA program of
professional studies.

9
Option B: Attain some or all of the Bachelor's degree or college diploma
credits on your own, then take courses to complete the program
certification requirements.

If you have obtained an accounting or business related degree from a

recognized Canadian university, you will most likely begin the CGA program of
professional studies at an advanced level. This is because you will likely be
granted a number of transfer credits. If your degree or diploma is in accounting,
you may receive 15 transfer credits – the maximum number available towards
the CGA program of professional studies. If you already have a university
degree, you may be able to complete your CGA program of professional studies
in as little as one to two years.

If you have obtained a business or accounting related diploma from one of

Canada's recognized colleges, you will most likely begin the CGA program of
professional studies at an advanced level. This is because you will likely be
granted a number of transfer credits. If your degree or diploma is in accounting,
you may receive 10 transfer credits – the maximum number available towards
the CGA program of professional studies. You will be able to complete your CGA
course requirements, plus obtain a Bachelor's degree through part-time studies,
while working full-time in a financial management related field.

If you obtained a degree or diploma in a field of study other than

accounting, you will likely begin the CGA program of professional studies
at Level 1 . However, some of the courses you have taken may qualify for
transfer credit. If you have a non-business related degree, it may meet the CGA
degree requirement. If you have a diploma, you will be required to meet the CGA
degree requirement.

If you have obtained some courses toward a post-secondary business

degree or diploma, CGA may still grant you transfer credits for some or all of
these courses, or they may supplement skills you will develop within the CGA
program of professional studies. You must still meet the degree requirement of
the CGA program of professional studies.

The number of years you are allowed to complete the academic portion of the
program depends on how many transfer credits you were awarded and whether
you are completing one of CGA's integrated degrees:

• If you have two or fewer transfer credits, you have 10 years

• If you have three or four transfer credits, you have nine years
• If you have five or six transfer credits, you have eight years
• If you have seven or eight credits, you have seven years
• If you have nine or 10 credits, you have six years
• If you have 11 or 12 credits, you have five years
• If you have 13 credits, you have four years

10
 • If you have 14 credits, you have three years
• If you are completing one of CGA's integrated degrees you are allowed an
additional two years.

You can complete the entire program by distance learning. Alternatively, CGA
Ontario provides limited in-class lectures in some advanced courses of the CGA
program of professional studies at a number of colleges and universities
throughout Ontario, as itemized on the CGA Ontario website.

You can apply for enrolment by downloading and completing the Application for
Enrolment Form (at: http://www.cga-
ontario.org/contentfiles/become_a_cga/application_process.aspx ) and sending it
to CGA Ontario by fax, in person, or mail.

Step 3 – Meet the Employment Experience Portfolio Assessment

(EPAS) Practical Experience Requirement

Once you begin the academic program, you should be concurrently employed in
a position that can provide you with fulltime practical experience in intermediate
and senior accounting and financial management positions, commensurate with
your level of studies. Most students need 36 months of experience to achieve the
appropriate breadth and depth of competencies for certification, with at least one
of those years at a senior level. Some can, however, achieve the requirement in
as few as 24 months of full-time work.

After you complete your entire academic component, if you have not yet met the
experience requirement, you have up to three additional academic years in which
to upgrade your experience.

Students are required to find their own employment while in the program. CGA
Ontario offers an online job find service for employers, and allows students and
members the opportunity to make their qualifications known to employers who
post jobs on its site.

You will be required to submit, by a required due date, an EPAS form – signed
by your current employer – once you have five or less courses to complete the
CGA program of professional studies. Any past experience, both Canadian and
non-Canadian must be verified by third-party confirmation, written by your
employer, on company letterhead, confirming:

• your experience
• your position title(s) while employed at that organization
• the start and end dates of your employment
• your major responsibilities/accomplishments in that position

This is also the time when you can submit any letters from your home country.

11
CGA Ontario will assess your experience from time to time through the program
to give you every opportunity to ensure that you are progressing satisfactorily
towards this certification requirement.

Your position should reflect a substantive degree of responsibility, have an

impact on the company’s entire financial function and demonstrate professional
competency in accounting/financial management. At least one year of this
experience should be at a senior level.

You would typically begin in an entry or basic level position in accounting while
you are in the first two levels of the program, to acquire skills in such areas as
clerical work, bookkeeping, tax preparation, accounting maintenance, procedures
implementation; and use of computer tools/packages. You would then progress
to an intermediate level position while you are in the third and fourth levels of the
program, working at activities such as interpretation of financial statements;
financial analyses; annual budgeting; investment management; procedural
recommendations; small organization audits; and systems analysis. You would
then advance to a senior stage, acquiring experience at the management, policy
or long-range planning levels, with greater responsibilities. Typical senior stage
activities include complex financial analyses; senior management presentations;
complex budgeting; long-range financial planning; forecasts; complex
consolidations; audit planning; strategic planning; policy recommendations;
project team leadership; client relations/contacts; and corporate audits.

Labour Market Information

According to CGA Ontario, CGAs in Ontario hold the most senior financial
executive positions, as Presidents, CEOs, CFOs, directors, and partners. Its
salary surveys indicate that CGAs rank among Canada's top five percent of
income earners.

CGA Ontario provides a very effective on-line employment referral service,

located in the student section of the CGA Ontario website, for students in the
CGA program of professional studies and members. Employers from around the
province use this venue to advertise a full range of accounting/financial
management positions.

Canadian Labour Market Trends

According to Human Resources and Skills Development Canada (HRSDC), the

average hourly rate for accountants is now $28.41 and the average for all
occupations has not changed and remains at 16.91.Furthermore, the rate of
wage growth is almost twice the average. Work prospects for CGAs for 2007 and
beyond will be fair and the rate of employment growth will be below average, but
demand should increase somewhat, because organizations are expected to need
more analysis of business operations and sophisticated accounting systems. For

12
more information on labour market conditions for this profession, consult the
Canada Job Futures website, at http://jobfutures.ca/noc/0111.shtml. The Human
Resources and Skills Development Canada (HRSDC) website at
http://www.labourmarketinformation.ca/standard.asp?ppid=60&lcode=E also
provides valuable insights. This information is available at public libraries or
HRSDC Employment Resource Centres in your community.

Key Industries for CGAs in Ontario

Market sectors that employ CGAs include:

• industry
• manufacturing
• retail
• banking
• insurance
• government, and
• public accounting

Fees and costs are available online at www.cga-ontario.org

The CGA program of professional studies could cost you up to $3,000 per year.
The basic tuition fee and other service charges are non-refundable. Your entire
application will be returned to you if your application for enrolment is not
accepted. If CGA Ontario receives your notice of withdrawal in writing by
registered mail one week before the course commences, you will receive a
refund of the course fee less a $40 withdrawal service charge. You will be
charged for textbooks and lesson material retained or returned in unusable
condition. There are no software refunds or partial refunds.

Students in the CGA program of professional studies qualify, however, for the
federal government's Lifelong Learning Plan (LLP), which allows you or your
spouse to withdraw funds from your or your spouse's registered savings plan to
finance your CGA education. In order for the CGA program of professional
studies to qualify you must enrol in courses in all three sessions. Further
information is available on the Canada Customs and Revenue Agency website at
www.ccra-adrc.gc.ca

The Bank of Montreal also offers a special line of credit to students in the CGA
program of up to $6,500 per year to a maximum of $39,000 over six years. The
line of credit can be used for tuition, course fees, books, computer and software
purchases. There are no fees and students can make interest only payments for
up to one year after certification.

For more information

13
For more information on the Certified General Accountants of Ontario (CGA
Ontario), contact:

CGA Ontario
240 Eglinton Avenue East
Toronto ON, M4P 1K8
Telephone: 1-800-668-1454
Telephone: (416) 322-6520
Fax: (416) 322-6481
Website: www.cga-ontario.org

Telephone: 416-322-6520 or 1-800-668-1454, ext. 390.

E-mail: stservices@cga-ontario.org

For information on how to become a CGA in other provinces and

territories, contact:

The Certified General Accountants of Canada (CGA-Canada)

700-1188 W. Georgia St .
Vancouver, BC V6E 4A2
Telephone: (604) 669-3555
Fax: (604) 689-5845
Website: www.cga-online.org

For information on finding a certified translation service, contact:

Association of Translators and Interpreters of Ontario (ATIO)

1 Nicholas Street, Suite 1202
Ottawa, ON K1N 7B7
Tel: (613) 241-2846
Fax: (613) 241-4098
Toll-free: 1-800-234-5030
Email: atio@fox.nstn.ca
Website: www.atio.on.ca

For information on where and how to get help with settlement in Ontario,
visit www.settlement.org or contact:

Ontario Council of Agencies Serving Immigrants (OCASI)

110 Eglinton Avenue West, Suite 200
Toronto, ON M4R 1A3
Telephone: (416) 322-4950
Fax: (416) 322-8084
Email: ocasi@web.net
Website: www.ocasi.org

14
For a government contact about accessing professions in Ontario:

Government of Ontario
Ministry of Citizenship and Immigration
Global Experience Ontario
163 Queen Street East, 2nd Floor
Toronto, ON M5A 1S1
Tel: (416)327-9694 or 1-866-670-4094
Telecommunication Device for the Deaf
(416)327-9710 or 1-866-388-2262
Fax: (416)327-9711
Email: GEO@ontario.ca
Website: www.ontarioimmigration.ca/english/geo.asp

Copyright to this career map is held jointly by the Queen's Printer for Ontario and
CGA Ontario, © 2007

Path to Certification as a CGA

15
 University Degree / College Diploma / Mature Student, High School
Professional Professional Accountant Student or some or all post-
Accountant secondary

Attain
Application for outstanding
Application for Transfer Credits CGA
Transfer Credits Practical program
experience requirements
(EPAS) Concurrent (Foundation
Studies and
Advanced
Transfer credits Studies**)
Transfer credits concurrently
with degree
through
Attain outstanding SAIT, LU
Practical CGA program
experience requirements
(EPAS) Concurrent (Foundation
Studies and
Advanced
Studies**)
Practical Attain concurrently with
experience Concurrent outstanding degree through
(EPAS) CGA program SAIT, LU
requirements:
Foundation
Studies and
Advanced
Studies**

Corporate / Small- Government / Not-For- Professional Admission Public Practice Information

Medium Enterprise Profit Comprehensive Examinations (TX2, AU2* plus PA1 Technology
(FN2, MU1 or MS2* plus (PF1, MU1 or MS2* (PACE) & PA2) (MS2, MU1* plus
PA1 & PA2) plus PA1 & PA2) Financial Management Career PA1 & PA2)
Options
(Choose one)

Certification as a CGA – Bachelor degree and practical experience

requirements must be completed before certification.

**Foundation and Advanced Studies

Foundation Studies
Level 1: Financial Accounting Fundamentals (FA1); Micro & Macro Economics (EM1); Business Law (LW1)

Level 2: Financial Accounting: Assets (FA2); Business Quantitative Analysis (QU1); Management Accounting Fundamentals (MA1); Business
Communications (CM1)

Level 3: Financial Accounting: Liabilities and Equities (FA3); Corporate Finance Fundamentals (FN1); Managing Information Systems (MS1); plus
Accounting Business Case (BC1)

Advanced Studies
Level 4: Advanced Management Accounting (MA2); Personal & Corporate Taxation (TX1); Accounting Theory & Contemporary Issues (AT1); External
Auditing (AU1); Financial Accounting: Consolidations & Advanced Issues (FA4); plus Public Practice Audit Case (BC2)

16