Accounting and Financial Management

Add up the advantages: two areas of expertise, one serious career edge

Acquire the expertise to analyze financial information and take a leadership role in any business. This rigorous program covers accounting, finance, business analytics, and investment management, and more.

We offer a rich learning environment where you can develop professional competencies both inside and outside the classroom. Extend your learning through co-op work terms, extracurricular activities, and a host of other experiential opportunities. 

By the time you graduate, you'll be advancing your career, not just launching it! Your bachelor's degree in Accounting and Financial Management (AFM) sets you up for success. You’ll be able to analyze, interpret, and communicate the information that drives business decisions.

Student working on his laptop.

As an AFM student, Varun’s four co-op work terms allowed him to explore diverse areas within the field of accounting. Applying classroom learning to his co-op work helped Varun focus his program to his desired career path… all while being a varsity baseball athlete. Read how Varun can get his CPA designation faster as a Waterloo student than if he were at another school.

Top-level accreditation

Our School of Accounting and Finance has received the highest level of national accreditation through CPA Canada, as well as accreditation through the CFA Institute University Affiliation Program.

Pro qualifications — faster

If you want to enhance your credentials even further with a Chartered Professional Accountant (CPA), Chartered Financial Analyst (CFA), or Chartered Business Valuator (CBV) designation, your degree gets you there faster.


100%of students receive at least one entrance scholarship

icon of a briefcaseGain 16 months of professional experience with co-op

dollar sign$34,000 to $81,000 in potential co-op earnings


Admission requirements

Ontario students: six Grade 12 U and/or M courses including

  • English (ENG4U) (minimum final grade of 75% is required)
  • Advanced Functions (minimum final grade of 75% is required)
  • Calculus and Vectors (minimum final grade of 75% is required)

Recommended courses: Principles of Financial Accounting, Mathematics of Data Management

Admission average: Individual selection from the mid-80s

The AFM Admissions Assessment (AFMAA) is required for admission.

We strongly recommended that you also submit the Admission Information Form.

Not studying in Ontario? Search our admission requirements.


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First-year courses

September to December

  • AFM 101 -  Introduction to Financial Accounting
  • AFM 132 - Introduction to Business Stages
  • ECON 101 - Introduction to Microeconomics
  • AFM 111 - Professional Pathways and Problem Solving
  • AFM 112 - Analytic Methods for Business 1

January to April

  • AFM 102 - Introduction to Managerial Accounting
  • AFM 121 - Introduction to Global Financial Markets
  • BET 100 - Foundation for Entrepreneurial Practice
  • SPCOM 111 - Leadership, Communication, and Collaboration
  • AFM 113 - Analytic Methods for Business 2

After first year

70-80% of the classes you'll take will be Accounting and Financial Management courses. The number of electives you'll have will depend on the professional designations  (i.e. CPA, CFA) or specializations (e.g. entrepreneurship, data analytics) you choose.

View the full list of courses required for your degree.

Sample upper-year courses 

AFM 241 – Impact of Technology on Business
AFM 373 – Cases in Corporate Finance
AFM 344 – Intermediate Data Analytics
AFM 433 – Business Strategy


icon of an arrow pointing up and clickingApply directly to this program on your application

icon showing route from A to BYour direct route to a CPA, CFA, and/or CBV

icon of a graduation capEarn a Bachelor of Accounting and Financial Management (BAFM)


Co-op = relevant paid work experience

By alternating school terms and paid co-op work terms, you can explore new career areas and employers as your interests evolve.

Sample co-op job titles

  • Fixed income analyst
  • Finance officer trainee
  • Junior financial analyst
  • Business analyst
  • Auditor trainee
  • IT finance assistant
  • Staff accountant/analyst
  • Accounting assistant

Sample co-op employers

  • Deloitte LLP
  • RBC Financial Group
  • PwC
  • Home Trust Company
  • Manulife Financial
  • Molson Coors Canada
  • Nestle Purina Petcare

Customize your bachelor's degree in accounting

You can add additional areas of expertise to your Bachelor of Accounting and Financial Management degree by including one or more of the areas of focus within the program.

  • Accounting
  • Finance
  • Entrepreneurship
  • Data Analytics

You can also include one of the minors available to all Waterloo students. Popular areas of focus for AFM students include Economics, Human Resource Management, and International Studies.


If you complete both the AFM and the eighth-month Master of Accounting (MAcc) programs, you don’t need to take the two-year CPA Professional Education Program. Instead, you can proceed directly to the CPA Final Exam (CFE) as soon as you graduate.

Our graduates often pursue careers in finance, accountancy, consulting, and auditing to kickstart their careers. As AFM grads progress through their careers, they commonly work in consulting, finance, and accounting in banks, business advisory firms, insurance companies, and more.

Recent graduates

  • Senior accountant – KPMG
  • Financial consultant – Investors Group 
  • Senior auditor – Royal Bank Financial Group
  • Program manager – Sun Life Financial 
  • Accountant – Manulife Financial
  • Banking analyst – Euro Pacific Canada

Learn about the future of careers in business.

Ready to learn more?