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Co-op WPA and WFM
AFM has one common academic program. However, you can tailor your résumé through your work experience in either the Chartered Accountancy (WPA) or Business and Finance (WFM) co-op work options.
Charted below are some points of difference between the WPA and WFM co-op work options.
| Chartered Accountancy | |
| Admission Requirements | Admission requirements are the same, whether the student is applying to the WPA or WFM option. |
| Specializations within option | Public Accounting, Management Accounting, or Finance |
| Employers | Chartered Accountant training offices*, industry, government or not for profit organizations |
| On the job | Prepare financial statements; assist with audits; prepare and consult on tax matters for individuals and companies |
| Locations of work | Ontario In rare circumstances employment may be located out of the province. |
| Salary | $12 - $21/hr Salary will depend on a number of variables including size of firm, type of responsibility, and experience. Historically there have not been major differences in salary. |
| Opportunities after graduation | Enter workforce Complete CA Complete a MAcc |
| Switching co-op opions | It is not possible to switch from Chartered Accountancy -->Business and Finance or Business and Finance -->Chartered Accountancy. |
| Effect on scholarships and fellowships | Your choice of co-op employment option will not affect scholarship and fellowship selection. Fellowships and scholarships will be awarded based on criteria other than co-op option. |
* Experience gained at an accredited CA training office by the Institute of Chartered Accountants of Ontario (ICAO) or the CA School of Business (CASB) can be counted toward the CA's 30 month experience requirement.
| Business and Finance | |
| Admission Requirements | Admission requirements are the same, whether the student is applying to the WPA or WFM option. |
| Specializations within option | Public Accounting, Management Accounting, or Finance |
| Employers | Industry (e.g. IBM, Sleeman's) Government (e.g. Ministry of Transportation) Not-for-profit agency (e.g. Red Cross) |
| On the job | A variety of work activities, such as business analysis, preparing an organization’s financial statements, using financial skills to assist other areas (e.g. marketing). |
| Locations of work | Ontario, Other provinces, Other countries |
| Salary | $12 - $21/hr Salary will depend on a number of variables including size of firm, type of responsibility, and experience. Historically there have not been major differences in salary. |
| Opportunities after graduation | Enter workforce Complete CMA or CFA Complete MAcc |
| Switching co-op opions | It is not possible to switch from Chartered Accountancy -->Business and Finance or Business and Finance --> Chartered Accountancy. |
| Effect on scholarships and fellowships | Your choice of co-op employment option will not affect scholarship and fellowship selection. Fellowships and scholarships will be awarded based on criteria other than co-op option. |
For further information on the different accounting designations visit the
- Institute of Chartered Accountants of Ontario (CA)
- Certified Management Accountants of Ontario (CMA)
- CFA Institute (CFA)
The School of Accounting and Finance is the only English speaking professional school of its kind in Canada. We offer 2 undergraduate (Accounting and Financial Management and Computing and Financial Management) and 3 graduate (Master of Accounting; Master of Taxation; PhD in Accounting) programs to provide students with the technical, analytical, evaluative, and communication skills needed to prepare for successful careers in public accounting, finance, industry, government and not-for-profit sectors. In conjunction with the Faculties of Mathematics and Science, the School also administers 2 undergraduate programs (Mathematics/Chartered Accountancy; Biotechnology/Chartered Accountancy) and 1 graduate program (Master of Quantitative Finance).
