Mathematics/Chartered Professional Accountancy

student looking at stocks on a screen

Really understand the numbers

In the only accounting program in Canada to lead to a math degree, you’ll gain all the fundamentals of an outstanding accounting education —plus you’ll take a deep dive into mathematics.

Accountants are increasingly dependent on computer technology, statistical procedures for auditing and forecasting, and mathematical techniques, such as operations research. You can combine an optional specialization in data analytics or finance with in-depth studies in accounting, economics, and business. It’s the perfect foundation for a career as a chartered accountant or a management accountant.

Put your knowledge to work during four co-op work terms, gaining valuable real-world experience that can be counted toward your CPA designation. You’ll graduate with a unique degree and ready for a high-impact career as a CPA.

What courses will you take in Mathematics/CPA?

First-year courses

During your first year, you'll take a mix of foundational courses in Math, Accounting and Financial Management, Economics, and Computer Science.

In upper years, you'll take courses in statistics, finance, business, and accounting.

September to December

  • AFM 111 – Professional Pathways & Problem-Solving
  • AFM 191 – Foundations for Financial Reporting
  • MATH 135 – Algebra for Honours Mathematics
  • MATH 137 – Calculus 1 for Honours Mathematics
  • CS 115 – Introduction to Computer Science 1 OR CS 135 – Designing Functional Programs

January to April

  • AFM 182 – Foundations for Managerial Accounting
  • ECON 100 – Principles of Economics
  • MATH 136 – Linear Algebra 1 for Honours Mathematics
  • MATH 138 – Calculus 2 for Honours Mathematics
  • COMMST 111 – Leadership, Communication, and Collaboration

An additional course, e.g., CS 116 - Introduction to Computer Science 2, may be taken in first year to catch up on the extra course required in this program. (41 courses are required over four years instead of 40.)

This is a sample schedule. Courses or when a course is offered may change depending on availability. 

After first year

You'll take a variety of courses in statistics, finance, business, and accounting.

View all the courses required for your degree.

Sample upper-year courses

STAT 374 – Quantitative Foundations for Finance
AFM 321 – Personal Financial Planning
AFM 433 – Business Strategy
MATBUS 472 – Risk Management

Customize your Bachelor of Mathematics degree

You can add additional areas of expertise to your degree by including a Data Analytics or Finance specialization.

Once you're a student, advisors can help you explore which minors or specializations may fit into your plans.

Faculty: 
Faculty of Mathematics

Degree:
Bachelor of Mathematics in Math/Chartered Professional Accountancy

Available as a co-op program?
Co-op only

Available as a regular program?
No

Available as a minor?
No

A direct route to your career. Once you graduate, spend just eight months completing our Master of Accountancy (MAcc) program and you’ll be ready to write the Common Final Examination.

Pro qualifications. Mathematics/Chartered Professional Accountancy provides a direct route to becoming a Chartered Professional Accountant (CPA).

Co-op = relevant paid work experience

In the world's leading co-op program, you'll explore potential careers, learn to interview for jobs, graduate with up to two years of valuable experience — and make money!

Sample co-op job titles

  • Student in Accounts
  • Tax Co-op Associate
  • Senior Student in Accounts
  • Business Analyst

Co-op work-study sequence

Starting in second year, you'll normally alternate between school and work every four months, integrating your classroom learning with real-world experience. You can return to the same employer for a couple of work terms to gain greater knowledge and responsibility or work for different employers to get a broad range of experience.

Your first work term will be in the winter term of second year.

Year September to December (Fall) January to April (Winter) May to August (Spring)
First Study Study Off
Second Study Co-op Study
Third Co-op Study Study
Fourth Co-op Study Co-op
Fifth Study - -


Learn more about co-op →

What can you do with a degree in math and accounting?

Mathematics/Chartered Professional Accountancy graduates often pursue careers in accountancy, financial analysis, and consulting. They typically work for insurance companies, financial institutions, auditing companies, and more.

The careers listed below are examples of what you might be able to pursue. Through the courses you take, specializations you choose, extracurriculars, and any work experience you gain, you'll graduate with a degree that's uniquely you and be ready to pursue a career that's right for you!

Chartered professional accountant (CPA)

Prepare and analyze financial statements, ensuring organizations follow accounting standards and regulations. Your role helps businesses understand their financial health and make informed decisions.

Tax analyst

Specialize in tax planning and compliance for individuals or organizations. Interpret tax laws and minimize liabilities while staying within regulations.

Financial controller

Oversee a company’s accounting operations and financial reporting. In this role, you’ll manage budgets, monitor cash flow, and ensure accurate financial processes.

Accounts manager

Oversee company’s accounts and financial transactions, ensuring accuracy and organization. This role often involves managing teams and supporting day-to-day financial operations.

Corporate finance analyst

Support decisions related to funding, investments, and capital structure. Analyze financial data to help companies manage resources and grow effectively.

Forensic accountant

Investigate financial discrepancies or fraud by analyzing records in detail. You could support legal cases or help organizations detect and prevent financial wrongdoing.

Risk and compliance specialist

Assess financial risks and ensure companies follow regulations. Your role would help to protect organizations from legal or financial trouble by identifying issues early.

Business consultant (accounting or finance)

Advise organizations on improving financial performance and processes. You’ll apply both accounting knowledge and analytical thinking to solve real business challenges.

Auditor

Examine financial records to ensure they are accurate and compliant with laws and standards. Carefully review data, identify issues, and help maintain trust in financial reporting.

With this degree, you’re gaining both technical accounting knowledge and strong mathematical problem-solving skills. That combination prepares you to understand financial systems deeply—and to play a key role in helping organizations succeed.

Possible professional designations

Learn about the future of careers in business.

Career success: a 90% employment rate after graduation

Waterloo is known for a rigorous and high-quality education – which helps Waterloo Math students be highly successful. 

  • Graduation rate of 86% compared to 79% for similar programs across Ontario.
  • Over 90% are employed within six months of graduation!
  • Waterloo students are 4X more likely to do an internship, co-op, field experience, or clinical placement in their first year than first-year students at other Ontario universities.

(Sources: Key performance indicators - University of Waterloo 2024, National Survey of Student Engagement 2023)

group of math students wearing pink with pink tie mascot
man with crown and sceptre at math orientation event
3 women with pink ties and blazers

MathSoc

Math Society (MathSoc) is run by students for students and provides a wide range of clubs, services, and social and academic events to make your experience as a Waterloo math student the best it can be.

Campus-wide activities

There are tons of opportunities to get involved within the Faculty of Mathematics as well as campus-wide clubs, sports and recreation, and an incredible range of events!

Women in Mathematics

The Women in Mathematics (WiM) strives for all genders to be well-represented in mathematics and welcomes people with under-represented gender identities.

Women in Computer Science

Women in Computer Science (WiCS) offers events such as the Big CSters mentoring program, workshops, a speaker series, and panels about diversity in computer science and STEM.

Women in Science, Technology, Engineering, and Mathematics (WiSTEM)

WiSTEM is a student-run club that welcomes all students (regardless of gender) to promote equality in STEM through workshops, discussions, homework help, and guest speakers.

Hack the North

As a Waterloo student, you can participate in competitions such as Hack the North, Canada's largest hack-a-thon and hosted annually at Waterloo.

Admission requirements

Ontario students

Six Grade 12U and/or M courses including

  • Advanced Functions
  • Calculus and Vectors
  • Any Grade 12U English
  • One other 4U course

Admission averages: Individual selection from the mid-80s

Recommended courses

  • Grade 11 U Introduction to Computer Science
  • Grade 12 M Principles of Financial Accounting

Not studying in Ontario?

Search our admission requirements.

For all students

How to apply

Apply directly to this program on your application. 

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Questions about courses, programs, requirements, or careers?

Please contact our Faculty of Mathematics recruitment team who can answer any questions you have.

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