Certified Management Accountants

CMA Program of Study for Public Accounting

Registration Page: Tax I, II & III Audit I & II

The University of Waterloo is pleased to offer courses for Certified Management Accountants seeking additional training in the area of Auditing Practice and Federal Income Taxation. These non-credit courses are offered in partnership with the Society of Management Accountants of Canada (CMA). These courses will be assessed by the Public Accounting Council as part of their Assessment of CMA Ontario previous to it becoming a licensed body.

All questions regarding courses (e.g., schedules, examinations, certificates, locations, grades and deferrals) should be directed to edenis@cmaontario.org, Elena Denis, Coordinator, Post Professional Programs, or by phone: 1-800-387-2991 ext 184.

Upcoming Start Dates

May 10, 2010 (Register by May 4)
September 13, 2010 (Register by September 8) tentative

Register Today!

CMA Tax I, II & III

Registered? Get Textbooks.

We hope you are prepared for an active and engaging learning experience. Taxation, all appearances to the contrary, is a lively and engaging area of study. Clashing interpretations of tax law can spark energetic debates - especially when your own money is involved! It is often unclear how tax laws should be applied to real life situations, with no pre-existing "answer" to a dispute. The study of taxation thus requires independent analysis, argumentation, and interpretation. Memorization of facts and formulas will not take us very far in the study of taxation.

Since discussion and debate are so vital for learning about taxation, these courses will be highly participatory. You will not only be reading about taxation in this course. You will also be working with other students to assess and resolve tax situations. Everything you read will be applied to solve problems, and you will have to convince others of the correctness of your approach. Thus, in this course, you will be "learning by doing", not just learning by reading.

The Taxation material is divided into 3 courses – Taxation I, Taxation II, and Taxation III. Each course is 9 weeks in length, plus two assessment components – a midterm and a final exam, and builds on the competencies acquired through the prior course. While the time required to complete each week may vary, the expected time commitment is 10 hours per week.

For Taxation I, II, and III the website will facilitate candidate learning though directed readings and the completion of group assignments. These groups will be composed of 3-4 individuals and candidates will have access to a group forum hosted on the course web site in order to assist groups who are geographically dispersed.

CMA Tax I

CMA Tax I Course Overview

Tax I Course Schedule

Suggested Weekly Work Pattern

CMA Tax II

CMA Tax II Course Overview

Tax II Course Schedule

Suggested Weekly Work Pattern

CMA Tax III

CMA Tax III Course Overview

Tax III Course Schedule

Suggested Weekly Work Pattern

CMA Audit I & II

Registered? Get Textbooks.

The Auditing material is divided into two courses – Audit and Audit II. Each course is 12 weeks in length, plus two assessment components – a midterm and a final examination. Also, the grading for Audit II includes successful completion of the cases from Modules 10 through 12 on a pass / fail basis.

For Audit I, sessions 1 – 12 and Audit II, sessions 1 – 9, detailed PowerPoint lesions support the readings and are narrated by the instructor of the class. The lessons are available online and on a CD.

Additionally online discussion boards will facilitate learning and provide candidates access to the instructor and other classmates.

These online courses are provided using the Waterloo's online learning environment. Before taking one of our courses, you should check your system to make sure it meets our minimum requirements.

Major parts of the course focus on elements of the context in which auditing is carried out, including such topics as:

The reasons for auditing
Auditing problems (e.g., liability and other current issues)
Auditing practice, which includes:
- audit planning

internal control
audit evidence
audit procedures
information technology, and
audit completion and reporting

CMA Audit I

CMA Audit I Course Overview

Audit I Course Schedule

CMA Audit II

CMA Audit II Course Overview

Audit II Course Schedule

Course Details

Each course is 12 weeks long. You proceed through each module at your own pace; however, you must complete the entire course within 12 weeks and be available to write exams on required dates. While the time required to complete each module may vary significantly, the expected time commitment is 10-12 hours per week.

Each course has a mid-term and an exam, arranged at locations across the country by the Society of Management Accountants of Canada.

These online courses are provided using the Waterloo's online learning environment. Before taking one of our courses, you should check your system to make sure it meets our minimum requirements.

Note - High speed access is a requirement for these courses.

Textbooks

The cost of the textbooks is the responsibility of the candidate. You should acquire the textbooks prior to the start of the course.

Auditing

i.Auditing and Other Assurance Services, 10th Edition, Alvin A. Arens, Randal J. Elder, Mark S. Beasley and Ingrid Splettstoesser-Hogeterp, Pearson Education Canada, 2007, ISBN#9780131296152, Purchase from: Pearson Education Canada

ii. CICA Handbook - Assurance: Canadian Institute of Chartered Accountants, (current ed.) Purchase from: Knotica.ca

iii CICA Handbook - Accounting: Canadian Institute of Chartered Accountants, (current ed.) Purchase from: Knotica.ca

Taxation

i. Beam, Laiken and Barnett, Introduction to Federal Income Taxation in
Canada (30th edition) + Companion CD, CCH Canadian Limited, North York, Ontario. [a.k.a. IFITC], Purchase from: CCH Publications

ii. Canadian Income Tax Act with Regulations (current ed.) CCH Canadian Limited, North York, Ontario, Purchase from: CCH Publications

Please direct any questions regarding textbook acquisition, or about getting a desktop copy of the online presentation materials on CD-ROM to edenis@cmaontario.org (Elena Denis, Coordinator, Post Professional Programs).

Administration and Refund Policy

After the start of the course, refunds will not be available to candidates who voluntarily decide to withdraw.

Examination: Candidates will be required to sit for the midterm and final exams at a specified centre arranged by their respective provincial bodies. This information will be emailed to students at least 7 business days prior to the examination date.

Examination No Show (i.e. Failure to Appear): It will be considered an attempt and a failure if a candidate, who has not been granted a formal deferral by the Society, does not appear at the assigned examination centre for a mid-term and a final examination.

Examination Deferrals: An examination deferral will only be granted in extenuating circumstances. Normal employment related obligations (i.e., month and year-end, tax season, special projects are not considered for a deferral). Applications for deferrals must be submitted in writing and must be supported by the appropriate documentation.

Examination Results: The results of midterm and final examination are posted 2 weeks after the examination. The grades are only accessible by students and instructors. Under no circumstances will results be released by telephone.

A mark of 65% must be attained in the course in order for a student to achieve a pass and proceed to the next course.

Registration

Register Now for May 10, 2010 Start Date - Tax I, Tax II, Tax III, Audit 1, Audit II

Course Fee: $892.50 ($850 + $42.50 GST). Payment is by Visa, MasterCard or American Express only. You can claim your tuition for these courses when you file your tax return.

You will receive acknowledgement from the University of Waterloo of your request after submitting your registration details. Following the verification of your status with the Society of Management Accountants of Canada, payment will be processed and you will receive an electronic receipt and detailed instructions including online log-in information by email. This process will take approximately one week.

Last updated by Webmaster on January 27, 2010