CPA CANADA IN THE CARIBBEAN

CPA CANADA ADVANCED CERTIFICATE IN ACCOUNTING AND FINANCE

COURSE EQUIVALENCY CHART FOR POST-SECONDARY INSTITUTIONS IN THE CARIBBEAN:

Entry into the CPA Canada Advanced Certificate in Accounting and Finance (CPA ACAF) requires completion of five entry courses listed below, typically covered in an
accounting diploma program, with a minimum grade of 60% in the courses with an asterisk (*) and a passing grade of 50% in all other courses.
https://caribbean.cpacanada.ca/en/cpa-programs-overview/become-a-canadian-cpa/how-to-become-a-canadian-cpa/cpa-prerequisite-education-program-cpa-prep
The entry and technical course requirements in ACAF can be completed through the CPA preparatory courses with the completion of 30 credit hours of study at a recognized
post-secondary institution OR three years of relevant work experience. It is recommended students have successfully completed the five entry courses prior to beginning the
technical courses.

Five Entry Courses Six Technical Courses

 Introductory Financial Accounting  Advanced Financial Reporting*
 Introductory Management Accounting  Corporate Finance*
 Intermediate Financial Reporting I*  Audit and Assurance*
 Intermediate Financial Reporting II*  Taxation*
 Business Law  Intermediate Management Accounting*
 Information Technology

(*) courses must have been completed within 10 years from the time of enrollment.

This is subject to change. Last Update: November, 2016

 CGA Legacy
CPA Prerequisite and ACAF Courses** ACCA
Courses
ACAF Entry Courses
Introductory Financial Accounting FA1 F3
Introductory Management Accounting MA1 F2
Intermediate Financial Reporting I FA2 F7
Intermediate Financial Reporting II FA3 F7
Business Law LW1 No course equivalent
ACAF Technical Courses
Advanced Financial Reporting FA4 P2
Corporate Finance FN1 F9
Audit and Assurance AU1 F8
Taxation TX1 No course equivalent
Intermediate Management Accounting MA2 No course equivalent
Information Technology MS1 No course equivalent
ACAF Applied Courses
Accounting Software Application BC1 No course equivalent

IMPORTANT NOTES:

 While every effort has been made to ensure the accuracy of these listings, please know they are meant to act as a guide in the identification of courses for exemptions for CPA
ACAF studies. This document is not intended to replace an official transcript evaluation.
 Courses listed in the CPA PEP Prerequisite Course Equivalency Chart may be used to grant exemption from the entry, technical and applied ACAF courses listed above
 A single post-secondary course may appear against more than one ACAF entry, technical and/or applied course in cases where it covers competencies across multiple subject
areas.
 Admission to the ACAF program also requires a student to be able to use Microsoft Excel
 **: The ACAF course equivalency chart is still in the process of being updated. Please check back regularly for updates.

This is subject to change. Last Update: November, 2016

IMPORTANT NOTES CONT’D:

 The courses listed above reflect those for which an exemption may be possible. The applied courses listed below are part of ACAF’s program of studies, but are non-exemptible
and therefore must be completed through CPA Canada (with the exception of Accounting Software Application).

Ethics and Workplace Skills

Applied External Audit
Applied Personal and Corporate Taxation
Applied Courses
Not-for-Profit Accounting
Public Sector Financial Management Practice
Business Applications

 Students are expected to successfully complete all prerequisite courses (or equivalent) for each ACAF entry, technical and applied course, as noted below:

ACAF Entry Courses Prerequisites ACAF Applied Courses Prerequisites

Introductory Financial and
Intermediate Financial Reporting II Intermediate Financial Reporting I Ethics and Workplace Skills
Management Accounting
Applied External Audit Ethics and Workplace Skills

ACAF Technical Courses
Advanced Financial Reporting
Corporate Finance
Audit and Assurance
Taxation
Intermediate Management Accounting
Information Technology
Prerequisites
Intermediate Financial Reporting II
Introductory Financial Accounting
Introductory Management Accounting
Intermediate Financial Reporting II
Introductory Financial Accounting
Introductory Management Accounting
Corporate Finance
None
Applied Personal and Corporate Taxation
Public Sector Financial Management Practice
Not-for-Profit Accounting and Related Topics
Business Applications
Accounting Software Application
Ethics and Workplace Skills
Ethics and Workplace Skills
Ethics and Workplace Skills
Accounting Software Application
Ethics and Workplace Skills
Accounting Software Application
Introductory Financial Accounting

This is subject to change. Last Update: November, 2016