Accounting and Finance

Program Overview

The Master of Accounting and Finance Program (MAccFin) is North America’s first graduate degree that integrates both accounting and finance business disciplines. Offered at the Scarborough campus (UTSC), MAccFin delivers a world-class, practical educational experience that prepares students for the Chartered Professional Accountant (CPA), Chartered Financial Analyst® (CFA®) and Association of Chartered Certified Accountants (ACCA) designations, and provides additional real-world co-op experience.

The 16-month, full-time program is accredited by the CPA Ontario and the curriculum is based on the Candidate Body of Knowledge from the Chartered Financial Analyst® Program administered by the CFA® Institute. By completing the MAccFin, students will qualify for advanced standing in the Chartered Professional Accountant Professional Education Program (CPA PEP). Furthermore, accredited by the Association of Chartered Certified Accountants (ACCA) as well, MAccFin graduates will have direct entry to ACCA’s final Strategic Professional level exams upon completion of our program. All MAccFin students now have 9 foundational course exemptions in the Applied Knowledge and Applied Skills levels when pursuing their ACCA qualification. Obtaining any of these in-demand, globally recognized and respected designations requires a commitment to higher standards of integrity and credibility, which can be essential to desirable employment.

The co-op component builds on 40 years of experience and leadership in co-operative education at UTSC. During the program, students will have access to UTSC’s diverse portfolio of Canada’s most prestigious employers to complete a four-month co-op internship.

Quick Facts

Domestic International
Application deadline MAccFin:

Summer 2024 entry




Summer 2024 entry



Minimum admission average MAccFin:

mid-B/ 73%/ 3.0


mid-B/ 73%/ 3.0

Are any standardized tests required/recommended? MAccFin:




Master of Accounting and Finance

Program Description

The professional MAccFin degree program is offered over 16 months using a cohort-based model. In this four-session program, students must be registered full-time and complete a sequence of courses. This program begins in the Summer session.

The MAccFin program is designed for applicants who have not yet entered the workforce. These pre-experience applicants apply to the program immediately after completing their undergraduate degree. Applicants complete the School of Graduate Studies online admissions application and submit all official transcripts, two reference letters, and a resumé.

Minimum Admission Requirements

  • Applicants are admitted under the General Regulations of the School of Graduate Studies. Applicants must also satisfy the additional admission requirements stated below.

  • An appropriate four-year undergraduate degree with a specialization in accounting or equivalent, with a minimum overall average of a mid-B in all core courses. Admission to the program is extremely competitive, and meeting the minimum overall average does not guarantee admission.

  • Applicants whose primary language is not English and who graduated from a university where the language of instruction is not English must achieve:

    • A Test of English as a Foreign Language (TOEFL) score of at least 580 overall on the paper-based test and 5 on the Test of Written English (TWE); 100/120 on the Internet-based test and 22/30 on the writing and speaking sections.

    • In special circumstances, a minimum score of 7.0 on the International English Language Testing System (IELTS) may be considered for admission.

Program Requirements

  • Coursework. Students must complete 8.5 full-course-equivalents (FCEs)* as follows:

    • Session 1: Summer

      • MAF1002H Strategy, Governance and Management Accounting (0.5 FCE)

      • MAF2001H Economics and Quantitative Methods (0.5 FCE)

      • MAF2002H Advanced Corporate Finance (0.5 FCE)

      • MAF2003H Investment Analysis and Portfolio Management I (0.5 FCE)

      • MAF3001H Leadership in the 21st Century (0.25 FCE)

      • MAF3003H Business Data Analytics (0.5 FCE)

      • MAF3005H Integration and Analysis: Critical Thinking and Decision Making I (0.25 FCE)

      • MAF4001H Advanced Seminar in Accounting and Finance I (Credit/No Credit, 0.0 FCE)

      • MAF5002H Finance Capstone Course I (Credit/No Credit, 0.0 FCE)

    • Session 2: Fall

      • MAF1001H Advanced Topics in Financial Reporting (0.5 FCE)

      • MAF1003H Advanced Topics in Assurance (0.5 FCE)

      • MAF1004H Advanced Taxation (0.5 FCE)

      • MAF2004H Financial Statement Analysis and Equity Valuation (0.5 FCE)

      • MAF2005H Derivatives (0.5 FCE)

      • MAF3002H Strategy, Business Development, and Sales (0.25 FCE)

      • MAF3006H Integration and Analysis: Critical Thinking and Decision Making II (0.25 FCE)

      • MAF5003H Finance Capstone Course II (Credit/No Credit, 0.0 FCE)

    • Session 3: Winter

      • MAF4000H Co-op Internship (0.5 FCE)

    • Session 4: Summer

      • MAF1005H Current Issues in Accounting and Assurance (0.5 FCE)

      • MAF2006H Investment Analysis and Portfolio Management II (0.5 FCE)

      • MAF2007H Fixed Income (0.5 FCE)

      • MAF3004H Integration and Analysis: Board Report (0.5 FCE)

      • MAF4002H Advanced Seminar in Accounting and Finance II (Credit/No Credit, 0.0 FCE)

      • MAF5001H Technical Update in Financial and Management Accounting (Credit/No Credit, 0.0 FCE)

      • MAF5004H Integrated Case Writing (Credit/No Credit, 0.0 FCE)

* A final grade below 70% in any course equates to an FZ, which is an insufficient grade. A MAccFin student who receives a final grade of FZ will be recommended for termination of registration from the MAccFin program.

Program Length

4 sessions full-time (typical registration sequence: S/F/W/S)

Time Limit

3 years full-time

Niklas Schaefer

“Everyone is very open minded and friendly.”

Niklas Schaefer
Master of Accounting and Finance Program
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