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ACCA assessment in Canada for international students

Release date

12/11/2018 12:00:00 AM

Topic

Education

ACCA assessment in Canada for international students

The ACCA (Association of Chartered Certified Accountants) qualification is recognized all over the world and is popular among students in the finance field. In March 2018, ACCA recorded that it had 208,000 members and 503,000 students. With a presence in 179 countries, it is one of the most reputed qualifications in the world.

ACCA is a popular professional qualification in Canada as well. International students who are planning to pursue ACCA in Canada can find out all about the assessment process with this article.

Is ACCA valued in Canada?

If you are an ACCA-qualified member, it is the equivalent of a Bachelor’s degree in Canada. To make it easier for ACCA-qualified professionals to study and work in Canada, ACCA Canada has signed a Mutual Recognition Agreement (MRA) with the Certified General Accountants Association of Canada (CGA Canada).

What is Certified General Accountants Association of Canada (CGA Canada)?

CGA Canada was founded in 1908 and serves the Certified General Accountants in Canada and in 100 other countries. CGA Canada established the certification requirements and professional standards for Certified General Accountants. CGA Canada is working in association with CPA (Chartered Professional Accountants of Canada) to integrate overall accounting operations.

What is the Mutual Recognition Agreement (MRA)?

As per the Mutual Recognition Agreement (MRA), if you already possess an ACCA membership in the UK, you might qualify to be admitted to a membership in CPA Ontario. CPA (Chartered Professionals Accountant) Ontario is the professional accounting body in Canada, which brought the three areas of accounting that previously existed; Chartered Accountant (CA), Certified General Accountant (CGA) and Certified Management Accountant (CMA), under the same roof.  

Furthermore, individuals who have an ACCA (UK) membership must also fulfil certain eligibility criteria to be qualified for an admission into the membership in CGA Ontario. The criteria states that you:

  • Must be a member of ACCA (UK) in good standing;
  • Must have attained the ACCA membership by completing the final part of the ACCA professional programme;
  • Must fulfil ACCA’s practical experience requirements;
  • Must have a degree from an accredited university if admitted into ACCA after 31 December 1997;
  • Cannot have any disciplinary action record prior to 5 years of submitting the application for CGA Ontario.

What are the requirements for MRA to be applicable?

If you want to pursue ACCA in Canada, then you must fulfil the criteria set by CGA Canada in association with ACCA under the Mutual Recognition Agreement. The requirements for you to qualify under MRA are:

  • You need to be a Canadian citizen or have a legal permit to study and work in Canada;
  • You must have work experience of at least two years in the accounting domain, especially in the area in which you became an ACCA-qualified professional;
  • You must not be subject to any disciplinary action at the time of your admission or five years prior to the application;
  • You should have completed the Canadian Tax and Law Professional Development course at the time of application.

How to apply for a membership to CGA Ontario?

Step 1: Send an email to ITAregistration@cpaontario.ca requesting an application form and the list of documents required to submit the application.

Step 2: Ensure that before going ahead with the application form, you have completed the Overview of Canadian Tax and Law course which is offered by CPA Canada as an online course.

Step 3: You will receive the application form and information on how to register in the response mail from CPA Ontario.

Step 4: When filling out the application form, keep in mind that all information should be provided in English. If your documents are in a different language to English, then ensure they are translated before you send it, along with the application form.

It is your responsibility to ensure that all the information provided in the application form is true to the best of your knowledge and that the completed application and documentation has been received by the registrar. You can submit the application form via email or regular mail.

For e-mail, you can send the application form and documents to ITAregistration@cpaontario.ca

For regular mail, you can send in the application form and documents to 69 Bloor Street East, Toronto, ON M4W 1B3 Attn: CPA Ontario Registrar’s Office

You will receive information about the Registrar’s decision within four to six weeks of submitting the application.

ACCA-qualified professionals are recognized worldwide and they can work in many different parts of the world. Since gaining an ACCA qualification is a demanding process, universities offer preparation courses to help students ace the ACCA exams. Toronto School of Management (TSOM) offers a Preparatory Course for the ACCA examination to help students become ACCA-qualified professionals.

If you are also interested in accounting and want to become an ACCA-qualified professional, sign up for the course now. To find out more about the courses offered by TSOM, click here


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