In your first-year, you will complete 2 study terms and take 5 courses each term. For both the fall and winter terms of your first year, your required courses will be scheduled for you. Starting July 21, you will be able to view your class schedule on QUEST.
Elective information for students entering in Sept 2016 (Class of 2021)
You will have at least 8 electives throughout your 4 years of the AFM program. The exact number will depend on the professional designations that you choose to pursue as a part of your AFM degree. There are many options regarding the use of your electives.
- minors (entrepreneurship, international studies, languages, etc.)
- exploring your passions or new areas of interest
- pursuing both a CPA and CFA designation
- gaining further knowledge in accounting and/or finance (Analytics, Internal Audit, etc.)
Click here to see the 2016-2017 Academic Calendar Degree Requirements for AFM students.
|Fall (1A) Term||Winter (1B) term|
|Accounting and Financial Management (AFM) 101 - Introduction to Financial Accounting||AFM 102 – Introduction to Managerial Accounting|
|AFM 131 - Introduction to Business in North America||AFM 121 – Introduction to Global Financial Markets|
|MATH 109 - Mathematics for Accounting & Finance||Statistics (STAT) 211 - Introductory Statistics|
|Economics (ECON) 101 - Introduction to Micro Economics||Speech communication (SPCOM) 111 – Leadership, Communication and Collaboration|
|Economics (ECON) 102 - Introduction to Macro Economics||
- You will automatically be enrolled in your 9 required first year courses as listed above
- AFM 101, AFM 131, MATH 109 and ECON 101 must be completed in 1A
- If you choose to use the first year elective in 1A, you should contact Aziza Chaudhry at firstname.lastname@example.org for approval. ECON 102 will then be taken in the 1B term. You will be able to make changes to your course selection beginning July 21st.
Sequence of courses/degree checklist
Commonly asked questions:
Am I allowed to complete my entire first year in AFM even if my first term goes poorly?
You will be allowed to complete your entire first year unless you become ineligible to continue in the Faculty of Arts. In such event, you are also ineligible to continue in AFM. You must have a minimum 60% cumulative average in your Arts faculty courses to be in good standing in the Faculty of Arts. If you are below this requirement following 1A you would be ineligible to proceed.
What happens if you do not meet the minimum average requirement?
You must have a minimum overall average of 70% in your required courses to enter into second-year of the Accounting and Financial Management (AFM) program.
If you are below the 70 per cent cumulative major average requirement, your file will be reviewed on an individual basis. The advisor will look at factors such as:
- How close you were to the minimum average
- What stage of the program you are in/your rank (i.e. 1B, 2A, 3B, etc)
- What course(s) brought down your average
- Other relevant considerations.
If the academic advisor determines there is a high probability that you will be able to return your academic average to 70% or above in the following term, you may be granted a conditional term.
What is a conditional term?
A conditional term is similar to being on academic probation. You will have one term to improve your overall marks and to bring your cumulative average above 70 per cent. If you are successful, you will continue to be promoted to your next rank (e.g. 3A to 3B). If you are unsuccessful, your situation is reviewed again at the end of the conditional term, but there is a strong likelihood you will be required to withdraw from the AFM program. You will be automatically transferred into a four-year Liberal Arts degree. At that time, you will be required to declare your preferred major.
Please note: A conditional term is a discretionary decision made by the School. It is not an automatic right for a student. It is not uncommon for a student to be given a probationary term if he/she drops below the required average but there are also situations where it has not been made available to a student. Although it is a discretionary decision the School strives to be consistent in the exercise of the discretion.
What is the English Language Proficiency Exam (ELPE)?
Information regarding who writes the exam and when, can be found on the Writing Centre website.
I failed the ELPE what should I do?
Please visit the Writing Centre website for options for students who do not pass the ELPE.
Please note that you are expected to have completed the ELPE requirement, or a suitable equivalent by the end of your 2B term. Failure to do this could potentially delay further degree progress until the milestone has been met.
Can I do a minor along with my major?
Yes you may. To apply for a minor, complete, and submit a Plan Modification Form available from the Registrar’s Office. You would then need to meet the specific requirements of the minor. A few points to note:
- You should discuss the minor requirement with an advisor for that subject.
- There will be limits on the amount of double counting you can do between required courses in the AFM program and a minor. So you may end up needing to take more courses than you think. Again, this underlines the need to consult with an advisor for that subject.
- The AFM plan is already highly scheduled, and completing a minor will take significant foresight, planning, and flexibility.
Can I do a joint honours or double major?
No you may not. The AFM plan is a highly structure program typically leading towards a professional designation. As a result, we have not created, nor have any plans to create, joint honours or double major programs with other departments or faculties that can be completed at the same time the AFM degree is being completed.
Can I have the SAF evaluate my degree progress?
Yes. We are willing to assist you with this. However, we normally expect a student will already have taken the time to understand her/his degree requirements and is simply seeking a second perspective on progress to date. In most cases students will already have prepared some documentation that identifies their progress which we assist them with reviewing - they do not just show up asking for confirmation on what degree requirements are complete and what requirements remain outstanding.
Who do I contact if I'm having enrolment issues or need a course override?
Please see the enrolment issues and course overrides website.
What's are the requirements for progressing into Master of Accounting (MAcc)?
If you are interested in furthering your studies with the MAcc program, you can find more information by visiting the MAcc website.