Accounting Program Preview – Presented by McMaster Continuing Education

– [Sarah] Welcome to the
Accounting Program Preview, where we will give you a rundown of the various program streams you can take within accounting here at McMaster Continuing Education. My name is Sarah McMath. I’m an Information Specialist here, and I’ll be facilitating
this session today. So there are four accounting
program streams to choose from. Both the Diploma in Accounting and Certificate in Advanced
Accounting will help you qualify for entrance into the CPAs’ Professional
Education Program, or the PEP program. In addition to this, they will both help you to progress
through various levels of an organization, from entry-level to the top executive position,
in any type of organization. Our Diploma in Advanced
Accounting and Finance and our Certificate in
Advanced Accounting and Finance are designed for those preparing to write the CPAs’
national ACAF examination. These program are aimed at those looking to apply for junior- and
intermediate-level accounting jobs, in business, not-for-profit, government, as well as CPA supervised
positions in public accounting. And we’ll talk more on
the ACAF in a moment. Our accounting programs are offered in formats designed to meet your needs, availability, and learning preferences. So you can choose from online self-study, in-person part-time, or
full-time, or blended. For our online self-study format, it provides continuous bi-monthly intakes. So you can start any
time throughout the year. For convenience, you don’t have to worry about being present
at a specified time or day, and you can log in and do your coursework when it’s convenient to you. Those taking an online
self-study format can either work at the course pace, or accelerate through the course and finish ahead of the
posted course end date, as early as two months and a
day post-course-start-date. We do advise students
to anticipate dedicating about nine to 12 hours
per week per course, to make sure you have time for readings, online discussions,
videos, and assessments. If you’re taking an
in-person course offering, you can choose to study part-time. Three hours in person a week
is when you’d be attending. Blended, which would be a combination of in-person and online,
or our fast-track option, which would be a full-time equivalency. All in-person courses are held in Hamilton at our downtown campus. And you can also choose to mix and match learning formats if you prefer. There are many courses to choose from within the streams, from Introductory Financial Accounting to Economics, and you can visit our site to learn more
about these courses. By completing the accounting program, you will receive a certificate or diploma from McMaster University
Continuing Education. In addition to this, courses completed under the accounting certificate
or diploma can be used to work toward your CPA designation or to prepare you to write the CPA Advanced Certificate
in Accounting and Finance, or the ACAF, national exam. It’s important to know that the CPA has just discontinued the ACAF program. As such, the program is being phased out, but students near completion of the ACAF certificate
will have an opportunity to finish outstanding coursework and write one of the last ACAF exams in September 2019, January
2020, or February 2021. So if you do plan to complete
the requirements necessary to sit in one of the final
national exams through McMaster, please be sure to contact
us to review a study plan. You can learn more about affiliated professional associations and how our program is recognized
by visiting our website. So there’s no application
required to enrol in accounting. You can simply go to our
website and enrol online, so long as you meet the
criteria shown here. So you must have an Ontario
secondary school diploma or equivalent, or be a mature student, or be deemed an exceptional case. Please ensure that you meet
the program requirements if you are a new Canadian
or an international student. And you can refer to the website for more information on this as well. In terms of career opportunities, there are many opportunities available to those who complete
the accounting program, and that might include
titles like bookkeeper, accounting assistant, auditing clerk, financial reporting clerk,
accounting technician, accounts payable and accounts
receivable administrator. Career opportunities available to those who complete
the accounting program along with their CPA designation
include general accountant, management accountant, finance director, portfolio accountant, controller, financial analyst,
chief financial officer, or chief executive officer, as well as auditor,
senior financial auditor, management advisor, strategic
management consultant, and nonprofit executive director. Each course is uniquely planned and you can expect any
combination of the following. Assignments, group discussions, quizzes, exams, case
studies, and research papers to assess your learning. For online self-study courses, you can expect 40% weight
of your final grade to be based on assignments and 60% will be based on a
cumulative proctored final exam. Most self-study courses
include instructional videos, and in some courses we’ve created webinars in order to engage students with their instructors and fellow classmates. These webinars are live, but not to worry. If you can’t make a live session, they record it for you to access later. All online self-study courses
include a proctored final exam that’s worth 60% of your mark. It’s important to note that
you must pass the final exam to pass the course. You can complete your
exam here in Hamilton, or if you’re at a distance,
at a community college or university near you. And we can arrange that
with you if necessary. Learners can work according
to the course schedule, submitting assignments by
the specified due dates and sitting the final exam
on the final course end date. For those who wish to accelerate through a self-study course, you may do so by working
ahead of course due dates, submitting assignments
ahead of the due date, and scheduling to sit the final exam ahead of the course end date. It’s important to note that, although learners can
accelerate through a course, one cannot sit the final exam any earlier than two months after
the course start date. In term of time commitments, the program can be completed
on your own schedule, either in-person or online self-study, and in-person and online
courses take three to six hours per week to complete over the span of 13 to 14 weeks. Online self-study courses take nine to 12 hours per week to complete over the span of about
three to five months. The biggest difference with an online or online self-study course is that you decide when to
do the work every week, since you don’t need to
physically be in a classroom for those three hours of instruction like you would for the in-person courses. You will have due dates
and timelines to follow, which are noted in the course schedule when you first log in to your
course for the first time. There’s also the
accelerated or fast-track option, and this is when the Diploma
in Accounting can be completed within 10 months in what we
call our fast-track format. So fast-track accelerated
courses meet twice per week over the course of seven weeks, and due to the intensity
of the compacted course, you can expect to spend more time per week in order to
complete your courses. We typically advise to have
nine to 12 hours available. Many of our students take between one or two courses per term, and you can do this program
part-time or fast-track. It’s really up to you and
what suits your schedule. For course materials, all of
our courses require a textbook or a course pack. Most course materials
cost approximately 100 to $175 per course. Sometimes they’re a bit more. The materials are purchased separately after you enrol and pay for a course, and materials can be purchased online at McMaster’s Campus Store website. And you would just do a search in the textbook area to
find the specific book and the cost for you. It’s important to note the e-books are not permitted in an open-book exam. Okay, so I think that’s it. Thanks, everyone, for joining us, and have a great rest of your day.

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