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ACCOUNTING AND FINANCIAL MANAGEMENT MARCH OPEN HOUSE Saturday, March 19, 2016 Presented by: PATTY MAH School of Accounting and Finance

Transcript of ACCOUNTING AND FINANCIAL MANAGEMENT · Accounting Analyst, Sun Life Financial » Reviewed external...

Page 1: ACCOUNTING AND FINANCIAL MANAGEMENT · Accounting Analyst, Sun Life Financial » Reviewed external financial statements » Developed and implemented validation checks » Prepared

ACCOUNTING AND FINANCIAL MANAGEMENT

MARCH OPEN HOUSESaturday, March 19, 2016

Presented by:

PATTY MAHSchool of Accounting and Finance

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SAF STUDENTS

» Aspiring, Smart, Engaged » Ambitious, Motivated, Hardworking

» Allows SAF to do what we do best…» Integration of accounting and finance» Experiential advantages à co-op, extra and co-

curriculars, professional development, competitions, student community

» Competitive advantages to launch your professional career!

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AFM CURRICULUM

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AFM LEARNING MODEL

» Focus on skills development, integration, & professionalism

» AFM XXX courses developed with the Learning Model as a guide to success

» Understanding core concepts » Applying knowledge» Integrating it all through

academic, co-op, and extra-curricular experiences

YOUR Experiential Advantage!

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EXPERIENCE MATTERS!

» What is a successful professional?

» Professional program » Work towards a CPA, CFA, CIA, CBV, and CSC» Structured program follows a Learning Model» Experience matters!

» Co-op only: AFM student are co-op students» Extra- and co-curriculars enhance and build

your learning» Professional development, competitions,

student community

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99% AFM co-op employment rate, all years

AFM CO-OP = DIVERSITY

EXPERIENCE MATTERS!

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AFM CO-OP = FLEXIBILITY

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5F16 W17 S17 F17 W18 S18 F18 W19 S19 F19 W20 S20 F20 W21 S21

AFM Co-op* Study Study Off Study Work Study Work Study Study Work Study Work Study MAcc MAcc

Option 1* Study Study Off Study Work Study Work Study Study Work Work Study Study MAcc MAcc

Option 2* Study Study Off Study Work Study Work Study Study Study Work Work Study MAcc MAcc

Option 3 Study Study Off Study Work Study Study Work Study Work Study Work Study MAcc MAcc

Option 4 Study Study Off Study Work Study Study Work Study Work Work Study Study MAcc MAcc

Option 5 Study Study Off Study Work Study Study Work Study Study Work Work Study MAcc MAcc

F = Fall term (September to December); W = Winter term (January to April); S = Spring term (May to August)

Flexibility in your co-op routes helps you maximize employment opportunities. *Curriculum and co-op sequence options are subject to Waterloo Senate approval.

99% AFM co-op employment rate, all years

EXPERIENCE MATTERS!

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EXPERIENCE MATTERS!

SOPHIE, 2A AFMJunior Accountant, DCY Professional Corp., CA

» Compiled financial statements» Prepared returns for corporate tax, trust,

payroll tax, investment income, personal tax» Update and management of client data base

AMANDA, 2A AFMJunior Accountant, Marc Payeur Professional Corp.

» Performed Notice to Reader files» Prepared financial statements» General bookkeeping

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PATRICK, 2A AFMAccounting/Audit Staff, Cameron Keller & Co.

» Completed year end transactions for client accounts

» Prepared financial statements» Completed T2 returns

CATHERINE, 2A AFMAccounting Assistant, Leach Bradbury Chartered Accountants and Financial

» Completed T1 forms for client accounts» Completed Notice to Reader files» Assisted with client compilations

EXPERIENCE MATTERS!

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GABRIELA, 2A AFMJunior Accountant, BDO Canada LLP

» Completed Notice to Reader files» Prepared personal tax returns» Client liaison for completion of client files

JOSH, 2A AFMAccounting & Auditing, BDO Canada LLP

» Prepared compilation engagements» Prepared T2 returns» Prepared T1 returns

EXPERIENCE MATTERS!

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CYNTHIA, 2A AFMTax Analyst, Deloitte

» Prepared Canadian and US personal income tax returns

» Technical research and analysis on taxation issues

ISMAIL, 2A AFMAssurance Associate, PwC

» Testing confirmations from third parties for audit evidence

» Analysis of income and expenses for financial statement verification/assurance

EXPERIENCE MATTERS!

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LUKE, 2A AFMAssurance Associate, PwC Canada

» Gathered evidence to support client’s financial statements

» Understand a client’s transactions and apply judgment to support it’s treatment (e.g. were the correct accounts debited and credited?)

CORISSA, 2A AFMStaff Accountant, KPMG

» Followed and completed audit procedures» Prepared and recorded adjusting journal entries» Drafted and prepared financial statements

EXPERIENCE MATTERS!

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MINETTE, 2A AFMQuality Assurance Technician, Farm Business Consultants

» Verified information for tax returns and support documentation

» Reviewed and corrected discrepancies within accounts

AMANJOT, 2A AFMTax Professional, H&R Block

» Worked with clients to prepare accurate personal tax returns

» Met with clients to review and provide tax advice

EXPERIENCE MATTERS!

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JASMINE, 2A AFMCPA Finance Co-op, PepsiCo

» Prepared monthly corporate tax remittances» Prepared monthly Area Profit & Loss Report» Updated Standard Operating Procedures

manual

MICHAEL, 2A AFMProject/Business Analyst, Toronto-Dominion Bank

» Coordinated prompt delivery of tech projects in support of TD Securities

» Collaborated with IT team for technical » Prepared month-end procedures and financial

forecasts

EXPERIENCE MATTERS!

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ALDA, 2A AFMAccounting Analyst, Sun Life Financial

» Reviewed external financial statements» Developed and implemented validation

checks» Prepared audit and statutory working papers

KEVIN, 2A AFMInternal Audit – Control & Support, Scotiabank

» Coordinated audit projects and engagements» Assisted in audits at individual branches to

provide assurance over the design and operation of Scotiabank’s controls

EXPERIENCE MATTERS!

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ASHLEY, 2A AFMBusiness/Finance Co-op, Ontario Public Service

» Prepared budgets and forecasts» Assisted in development of financial models» Identified, developed, implemented

performance measures

BRAYDEN, 2A AFMTrust Compliance/Accounts Receivable Officer, Canada Revenue Agency

» Managed an inventory of 200 accounts» Reconciled accounts to ensure compliance» Resolved deduction/remittance issues with tax

payers

EXPERIENCE MATTERS!

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BRYON, 2A AFMCorp. Financial Analyst, KIK Custom Products

» Prepared year-end financial documents» Liaised with various government agencies» Analyzed processes to develop efficiencies in

financial reporting procedures

KEVIN, 2A AFMFinancial Analyst, ABC Group

» Prepared consolidated financial statements» Prepared weekly sales reports» Analyzed variance in weekly results to discuss

sales reports with each plant

EXPERIENCE MATTERS!

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EXPERIENCE MATTERS!

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» Highest level of national accreditation

» Combine AFM with MAcc to…» Fulfill all CPA academic prerequisites» Complete 16 out of the 30 months of required work

experience» Complete the 2 CPA core integration modules» Complete 2 CPA elective modules of the 4 professional

areas of study» Complete the 2 CPA capstone modules

CPA DESIGNATION

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NATIONAL ACCREDITATION MEANS…

CPA PATHWAY – AFM

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CPA PATHWAY

Ugraddegree

Without subject area coverage

CPA Prerequisite Education Program (CPA PREP)

Recognized Post-secondary courses/programs

With subject area coverage – up to 2 years

Complete 30 months of relevant work experience

Step 1: Meet academic prerequisites

Step 2: CPA Professional Education Program (CPA PEP)

CPA Core Modules 1

and 2

CPA Electives 1

and 2

CPA Capstone Modules 1

and 2

Common Final Exam

(CFE)

CPA Designation

Complete 30 months of relevant work experience

»» »»

WITHOUT NATIONAL ACCREDITATION…

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Highest level of National Accreditation

WHY WATERLOO

Four grads in the last 6 years won the National and Ontario Gold Medals for their highest scores in the UFE/CFE.

11 out of 20 grads listed on the 2015 Ontario Honour Roll

were SAF MAcc grads.

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» CFA Institute University Recognition program» AFM satisfies 70% of the CFA CBOK with emphasis

on the CFA Code of Ethics and Standards of Practice» Advanced preparation = fast track to designation

CFA DESIGNATION

AFMSept. 2016

CFA Level 1June 2020

BAFMDec. 2020

CFA Level 2June 2021

CFA Level 3June 2022

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FINANCING YOUR EDUCATION

TUITION CO-OP FEES INCIDENTALS TOTAL

AFM – Year 1 $6,054.00 N/A $1,029.46 $7,083.46

AFM – Year 2 $16,056.00 $1,296.00 $1,029.46 $18,381.46

Use the interactive form to create your personal budgetuwaterloo.ca/find-out-more/financing/interactive-budget

» AFM is a professionalprogram» Tuition fees increase beginning in Year 2» Average co-op earnings from $40,000 to $88,000» Waterloo and SAF scholarship: $1,000 to $55,000

» AFM is a professionalprogram» Tuition fees increase beginning in Year 2» Average co-op earnings from $40,000 to $88,000» Waterloo and SAF scholarship: $1,000 to $55,000

Schedule of Fees – based on 8 month academic term

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FINANCING YOUR EDUCATION

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» 80% of first-year students choose to live in residence

» Campus residence include:» Traditional style: Village 1, Ron Eydt Village» Suite style: Mackenzie King, UW Place

» SAF Living-Learning in Village 1» Enhance your living and learning environment!

» 80% of first-year students choose to live in residence

» Campus residence include:» Traditional style: Village 1, Ron Eydt Village» Suite style: Mackenzie King, UW Place

» SAF Living-Learning in Village 1» Enhance your living and learning environment!

CHECK OUT AND LEARN MORE AT OUR LLC MINI-SET!

RESIDENCE

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WHY WATERLOO?» Shiraz, 1B AFM» Residence: Columbia Lake Village» Extra-curriculars: AFSA, UWAC, SOAP» PD: Launch Your Career» Fun fact: Black Belt in Taekwondo» Why AFM?

» Shiraz, 1B AFM» Residence: Columbia Lake Village» Extra-curriculars: AFSA, UWAC, SOAP» PD: Launch Your Career» Fun fact: Black Belt in Taekwondo» Why AFM?

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WHY WATERLOO?» Qhalisa, 1B AFM» Residence: LLC, V1» Extra-curriculars: Waterloo DECA, AFSA, African

Student Associate, Salsa Club» PD: Launch Your Career» Fun fact: Hometown in Kenya à 800 miles away » Why AFM?» Waterloo blogs

facebook.com/qhalisa.khan/posts/10206866618295924qhalisakhan.wordpress.com

» Qhalisa, 1B AFM» Residence: LLC, V1» Extra-curriculars: Waterloo DECA, AFSA, African

Student Associate, Salsa Club» PD: Launch Your Career» Fun fact: Hometown in Kenya à 800 miles away » Why AFM?» Waterloo blogs

facebook.com/qhalisa.khan/posts/10206866618295924qhalisakhan.wordpress.com

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WATERLOO ACCOUNTING AND FINANCE

CONTACT ME: PATTY MAH

School of Accounting and FinanceUniversity of Waterloo

[email protected]@uwaterloo.ca

@uWaterlooSAF

uwaterloosaf