Advice on where I should retake accounting/CA required courses for ICAO

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Jan 22nd, 2012 9:45 am

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Jan 21st, 2012 8:51 pm

sajidk [OP]: Newbie; Jan 18, 2012; 2 posts; SCARBOROUGH

Jan 21st, 2012 8:51 pm

Advice on where I should retake accounting/CA required courses for ICAO

Hey,

So I recently graduated from UTSC from the BBA Management and Accounting Specialist. I am planning to go for my CA. However, I am not being able to register for ICAO as my average for the required courses is well below the B average. And now they have removed the exemption of students being able to register and write the CA exams even if you were not employed. So indeed I am very concerned about how I am going to get towards my goal. I am falling behind all my friends who are going to write their CKEs already, and planning to complete all the exams by this year. But I honestly have no option but to re-take my lowest mark courses and bring up my avg. I know its a waste of time and money, but honestly that's what I gotta do to have any chance to register. I did my marks assessed by ICAO already, and they also said my marks were too low to register.

I have heard from some people that taking the accounting courses at Athabasca University, or Thompson College/University(not sure about this name as I just heard it recently) looks like a good alternative for bringing up the marks. The exams are said to be easier than UTSC, and you have apparently 6 months to finish the course. There are few concerns I have regarding how the course will be taught and how much help I will get, since I heard there is no lectures, and you have apparently a tutor to assist you in case you have any concerns. It's quite intimidating to take the course independently/without friends doing with you too. If anyone has already taken that route, do let me know please.

I am planning to retake Advanced Financial Accounting(MGTD50), Intermediate Financial Accounting 2(MGTC08), Advanced Audit(MGTD61), Canadian Income Taxation 1(MGTC16), among the few courses that I scored poorly in. Any advice or any kind of help would be appreciated.

I have also looked into going for CGA if CA doesnt work out. But I just found out that I need to have a minimum C+ in every required course, as opposed to a C+ average which I knew before. So I am not sure about that yet either.

Thanks

4 replies

Jan 21st, 2012 10:40 pm

eugeneo: Deal Addict; Dec 9, 2007; 1341 posts; 1082 upvotes

Jan 21st, 2012 10:40 pm

This is my understanding of the CA system and I may be wrong.

If you want to take courses outside of the institution where you have graduated, you must complete all of the courses within a module set out by the ICAO. For example for the tax module you must do the following: Say for example your school offers TAX 1, 2, and 3. You did bad on one of those three courses. You cannot just do Tax 1 at AU, you must do both tax courses that they offer.

The rationale is that to ensure you won't be missing any of the content. I would recommend you get a assessment done at the ICAO. The required form is here http://www.icao.on.ca/Forms/1008page2589.pdf

Good luck.

Jan 21st, 2012 10:52 pm

TheBateman: Newbie; Jan 11, 2012; 21 posts; Toronto

Jan 21st, 2012 10:52 pm

eugeneo wrote: ↑This is my understanding of the CA system and I may be wrong.

If you want to take courses outside of the institution where you have graduated, you must complete all of the courses within a module set out by the ICAO. For example for the tax module you must do the following: Say for example your school offers TAX 1, 2, and 3. You did bad on one of those three courses. You cannot just do Tax 1 at AU, you must do both tax courses that they offer.

The rationale is that to ensure you won't be missing any of the content. I would recommend you get a assessment done at the ICAO. The required form is here http://www.icao.on.ca/Forms/1008page2589.pdf

Good luck.

This is similar to my understanding as well. They might not accept the courses that you took if its from another university.

http://www.icao.on.ca/Admissions/UniGra ... 13626.aspx

Jan 22nd, 2012 4:25 am

sajidk [OP]: Newbie; Jan 18, 2012; 2 posts; SCARBOROUGH

Jan 22nd, 2012 4:25 am

TheBateman wrote: ↑This is similar to my understanding as well. They might not accept the courses that you took if its from another university.

http://www.icao.on.ca/Admissions/UniGra ... 13626.aspx

Hey,

So I recently did get my marks assessed, and got the credits for the required courses. I did ask them about being able to take the Advanced Financial Accounting course(ACCT 451 I believe) at Athabasca Uni, and they had told me I could take it. However, the Advanced Auditing (MGTD61 at UTSC) is not offered at Athabasca. I know Intermediate Accounting 2 at Athabasca is not accepted in this case, because the course syllabus is different from MGTC08 at UTSC, so I most probably cant take it either.

My friend who also graduated from UTSC and got his credits assessed by ICAO, was given the permission to take Advanced Accounting at Athabasca and said that would be ok. He had however taken it at UTSC as a Non-Credit course, so they did not accept it, so he has to retake it again. I also heard about a couple of ppl who have taken Canadian Income Taxation 2 at Athabasca and had priorly completed Canadian Income Taxation 1 from UTSC, so I thought it would be ok to do just Tax 1 at Athabasca.

The ICAO people are very slow with their replies, and honestly NEVER reply to my emails. My Preliminary Evaluation,which was supposed to be completed in 6-8 weeks, ended up being more than 5 months. I sent it in September, and just got it few days back. It was not even that much work, but they seemed to take their sweet ass time, and also managed to make some mistakes as well.

Honestly, they contradict a lot of what they say. I came to Canada initially in UofWaterloo,and I had done Econ in A levels. I took those 2 Econ courses required for CA there. Then I transferred to UTSC, and UTSC transferred my Econ credits for my A levels. But according to ICAO website, if you have completed the course at a Canadian university, those marks are supposed to be counted towards the avg. In my case, they did not count it.

Jan 22nd, 2012 9:45 am

TheBateman: Newbie; Jan 11, 2012; 21 posts; Toronto

Jan 22nd, 2012 9:45 am

You might want to look into continuing education to fulfil your remaining courses, i.e Ryerson and UT

sajidk wrote: ↑Hey,

So I recently did get my marks assessed, and got the credits for the required courses. I did ask them about being able to take the Advanced Financial Accounting course(ACCT 451 I believe) at Athabasca Uni, and they had told me I could take it. However, the Advanced Auditing (MGTD61 at UTSC) is not offered at Athabasca. I know Intermediate Accounting 2 at Athabasca is not accepted in this case, because the course syllabus is different from MGTC08 at UTSC, so I most probably cant take it either.

My friend who also graduated from UTSC and got his credits assessed by ICAO, was given the permission to take Advanced Accounting at Athabasca and said that would be ok. He had however taken it at UTSC as a Non-Credit course, so they did not accept it, so he has to retake it again. I also heard about a couple of ppl who have taken Canadian Income Taxation 2 at Athabasca and had priorly completed Canadian Income Taxation 1 from UTSC, so I thought it would be ok to do just Tax 1 at Athabasca.

The ICAO people are very slow with their replies, and honestly NEVER reply to my emails. My Preliminary Evaluation,which was supposed to be completed in 6-8 weeks, ended up being more than 5 months. I sent it in September, and just got it few days back. It was not even that much work, but they seemed to take their sweet ass time, and also managed to make some mistakes as well.

Honestly, they contradict a lot of what they say. I came to Canada initially in UofWaterloo,and I had done Econ in A levels. I took those 2 Econ courses required for CA there. Then I transferred to UTSC, and UTSC transferred my Econ credits for my A levels. But according to ICAO website, if you have completed the course at a Canadian university, those marks are supposed to be counted towards the avg. In my case, they did not count it.

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