Last updated: October 30, 2023 @ 06:16PM
Master of Professional Accounting
Master of Professional Accounting (International Student Pathway)
brocku.ca/goodman/programs/mpacc-isp/
Dean
Barry Wright
Goodman School of Business
Associate Dean, Research and Graduate Programs
Narongsak (Tek) Thongpapanl
Goodman School of Business
Core Faculty
Professors
Walid Ben Omrane (Finance, Operations and Information Systems), Ernest Biktimirov (Finance, Operations and Information Systems), Fayez A. Elayan (Accounting), Hemantha Herath (Accounting), Eugene Kaciak (Finance, Operations and Information Systems), Jingyu (Jennifer) Li (Accounting), Alex Nikitkov (Accounting), Barbara Sainty (Accounting), Paul Scarbrough (Accounting), Tanya Tang (Accounting), Samir Trabelsi (Accounting)
Associate Professors
Ian Adamson (Accounting), Kareen Brown (Accounting), Louis Culumovic (Accounting), Sohyung Kim (Accounting), Pascale Lapointe-Antunes (Accounting), Michelle Lau (Accounting), Zhefeng (Frank) Liu (Accounting), Parunchana Pacharn (Accounting), Unyong (Howard) Pyo (Finance, Operations and Information Systems), Anamitra Shome (Accounting), Tashfeen Sohail (Accounting), Linda Stillabower (Accounting)
Assistant Professors
Dan (Sabrina) Gong (Accounting), Nam Ho (Accounting), Mengtian Li (Accounting), Simon Suwanyangyuan (Accounting)
Participating Faculty
Lecturers
Norman Chasse (Accounting), Sangeeta Hollo (Accounting), Glenn Skrubbeltrang (Accounting), Xia (Celine) Zhang (Accounting)
Goodman School of Business, Graduate Program Office
Director, Operations, Graduate and Executive Programs, Goodman School of Business
Carrie Kelly
905-688-5550, extension 3954
GSB 342A
Graduate Academic Coordinator
Philip Alexander
905-688-5550, extension 5871
GSB 344
Manager, International Programs
Jingtao (Teresa) Feng
905-688-5550, extension 4157
GSB 343
Student Skills Development Coordinator
Nicole Redmond
905-688-5550, extension 5727
GSB 342
International Recruitment/Admissions Officer, Graduate Programs
Jason Barfoot
905-688-5550, extension 5936
GSB 347
Graduate Admissions/Scholarships Coordinator
Laurie Redford
905-688-5550, extension 6169
GSB 346
Graduate Recruitment Coordinator
Rebecca White-Côté
905-688-5550, extension 5362
GSB 340
Graduate Program Assistant
Stephanie McIntosh
905-688-5550, extension 3535
GSB 347
Administrative Assistant, Graduate Programs
Donna Panetta
905-688-5550, extension 4156
GSB 341
Fields of Specialization
Program Description
The Master of Professional Accounting (MPAcc) program provides international students, who have studied accounting outside of North America, with a broad background in all aspects of Canadian accounting. The MPAcc program enables students to assimilate advanced knowledge in accounting and related aspects of business. The program encourages the development of critical thinking, analytic and communication skills. It is a lock-step program that includes: an intensive English language study program (1 month in August), followed by three academic terms (12 months).
The program combines academic learning with practical experience through an optional co-op work term. The MPAcc Co-op allows students to apply their knowledge to private and public business settings and to develop highly specialized professional skills. The work experience, along with valuable networking contacts, makes a difference to students when preparing to enter the competitive career market.
At the end of the program, graduates are awarded a Master of Professional Accounting degree. Although the MPAcc program does not lead directly to a Canadian accounting designation, students interested in pursuing a Canadian accounting designation may submit their post-secondary transcripts (in English) to CPA Ontario for an assessment to determine course equivalencies in the CPA program.
Admission Requirements
Successful completion of a four-year bachelor's degree from an internationally recognized post-secondary institution with an average of no less than 75% (mid-B) over the last two years of full-time undergraduate study. Pre-requisites must include: two Financial Accounting courses, one Management Accounting, Micro Economics, Macro Economics, and Statistics. Please note that Business Law, Business Strategy, and Corporate Finance are strongly recommended.
For students who must provide proof of English Language Proficiency, the minimum required score for entry is 88 on the TOEFL iBT (with minimum 21 on speaking and 21 on writing), 6.5 on the IELTS (no section under 6.0), or equivalent. For a full listing of accepted tests, see https://brocku.ca/graduate-studies/future-students/international/english-language-proficiency/.
The program is offered full-time only and is completed over three terms (Fall, Winter, Spring.)
Degree Requirements
Business English and Skills Transition Program
All students entering the MPAcc program must complete a non-credit Business English and Skills Transition (BEST) program with satisfactory standing (70%) in both courses. Students who do not achieve satisfactory standing may be withdrawn from the MPAcc program by the Associate Dean, Research and Graduate Programs in consultation with the MPAcc Committee. The Business English and Skills Transition program takes place over four weeks in August. The objective of the program is to prepare students for graduate studies in Canada and enable development of English language skill in a business context, prior to proceeding to the graduate courses. The program utilizes real world examples from the North American business and academic environment.
Successful completion is required in the following courses:
MPAC 5N85 Strategies for Success
MPAC 5N86 Business Communication
MPAcc Program Requirements
A total of fifteen half-credit courses are required to complete the degree requirements.
MPAC 5P01 Financial Accounting I
MPAC 5P02 Financial Accounting II
MPAC 5P03 Managerial Accounting
MPAC 5P09 Financial Statement Analysis
MPAC 5P10 Analysis and Problem Solving
MPAC 5P24 Business Law
MPAC 5P30 Assurance I
MPAC 5P31 Advanced Management Accounting
MPAC 5P36 Financial Accounting III
MPAC 5P37 Assurance II
MPAC 5P38 Taxation I
MPAC 5P39 Taxation II
MPAC 5P51 Information Technology and Systems
MPAC 5P61 Corporate Governance
MPAC 5P91 Corporate Finance for Accounting
Admission to the co-op option is on a competitive basis. Students may be admitted to the co-op option at the time of admission or following the first term of MPAcc courses. Co-op students will be required to maintain a 75% overall average and achieve appropriate English language proficiency. Admission to the co-op option is on the basis of marks, a review of a personal resumé and employer availability. An interview may be required. In addition to the current tuition fees, co-op students are assessed a co-op administrative fee.
Co-op students take part in work-placement seminars (MPAC 5N90), comprised of lectures, presentations and industry specific information, for two hours each week prior to the first co-op work term. Attendance is mandatory. MPAcc students will complete all of their academic terms prior to the co-op work term.
Course Descriptions
Students must ensure that prerequisites are met. Students may be deregistered, at the request of the instructor, from any course for which prerequisites and/or restrictions have not been met.
MASTER OF PROFESSIONAL ACCOUNTING COURSES
MPAC 5N11
Co-op Employment I
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
Restriction: Open to graduate business co-op students with permission of the Goodman School of Business Graduate Programs Office.
MPAC 5N12
Co-op Employment II
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
Restriction: Open to graduate business co-op students with permission of the Goodman School of Business Graduate Programs Office.
MPAC 5N13
Co-op Employment III
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a Satisfactory grade for the work term.
Restriction: Open to graduate business co-op students with permission of the Goodman School of Business Graduate Programs Office.
MPAC 5N14
Co-op Employment IV
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
Restriction: Open to graduate business co-op students with permission of the Goodman School of Business Graduate Programs Office.
MPAC 5N85
Strategies for Success
(also offered as MBAB 5N85)
Workshops, seminars and presentations to assist in providing international students with a smooth transition to graduate studies in business.
Restriction: Open to MPAcc students.
MPAC 5N86
Business Communication
(also offered as MBAB 5N86)
Emphasis on language skills required to perform in an English-speaking business context.
Restriction: open to MPAcc students.
MPAC 5P01
Financial Accounting I
Theory and practice of financial statement preparation including conceptual framework for accounting choices, revenue recognition and role of financial information in contracting. Emphasis on measurement, reporting, and disclosure of monetary assets and liabilities. Includes complex issues such as accounting for leases, pensions, future income taxes, intercorporate investments and cash flow reporting.
MPAC 5P02
Financial Accounting II
(also offered as MBAB 5P35)
Theory and practice of financial statement preparation in accordance with generally accepted accounting principles. Complex issues including accounting for leases, pensions, future income taxes, inter corporate investments and cash flow reporting.
Prerequisite(s): MPAC 5P01 or permission of the Graduate Programs Office.
Corequisite(s): MPAC 5P02 may be taken concurrently with MPAC 5P01
MPAC 5P03
Managerial Accounting
(also offered as MBAB 5P31)
Internal recording systems devised to implement and guide management planning and control with particular emphasis on cost finding, product costing, cost behaviour and cost allocations as well as analysis and communication of relevant information to users in a professional manner.
MPAC 5P09
Financial Statement Analysis
(also offered as MBAB 5P41)
Analysis of financial accounting procedures and the rules that govern disclosure. Emphasis is on basic financial statements and how alternative accounting methods affect those statements and the analysis of financial statement relationships.
Prerequisite(s): MBAB 5P08 or permission of the Graduate Programs Office.
MPAC 5P10
Analysis and Problem Solving
Application of technical competencies in sub disciplines of accounting developed over the program with a focus on analysis and problem solving in the context of integrative case studies.
MPAC 5P24
Business Law
(also offered as MBAB 5P24)
Legal environment of business and basic legal considerations for business organizations including forms of organization, liability of owners, shareholders, directors and managers.
MPAC 5P30
Assurance I
(also offered as MBAB 5P30)
Principles and theories of auditing; ethical, legal and professional responsibilities of the auditor; nature of verification, audit evidence, testing, the elements of effective control structures, the use of statistical sampling and evolution of external, internal and comprehensive auditing; application of professional judgment and integration of auditing across the organization.
MPAC 5P31
Advanced Management Accounting
Examines various advanced topics such as cost behaviours, costing systems, accounting for decision-making, planning and control, incentive and compensation systems, decentralization, and performance evaluation.
Prerequisite(s): MPAC 5P03
MPAC 5P36
Financial Accounting III
(also offered as MBAB 5P36)
Theory and practice of financial statement preparation in accordance with generally accepted accounting principles with emphasis on accounting for complex business organizations and not-for-profit organizations.
Prerequisite(s): MPAC 5P02.
MPAC 5P37
Assurance II
(also offered as MBAB 5P37)
Generally accepted auditing standards, risk, materiality and the planning and execution of the audit. Emphasis on the overall audit plan, evaluation of results, testing and sampling, audit reports, review engagements, internal controls, and the audit of different transaction cycles. Integration of auditing across the organization.
Prerequisite(s): MPAC 5P30.
MPAC 5P38
Taxation I
(also offered as MBAB 5P38)
Principles underlying federal income taxation in Canada through an analysis of the Income Tax Act. Computation of net income for tax purposes, taxable income and taxes payable for individuals. Rights/obligations of the taxpayer. Determination of effects of federal income taxes on decision-making. Discussion of taxation issues that integrate across businesses and for individuals.
MPAC 5P39
Taxation II
(also offered as MBAB 5P39)
Topics include computation of taxable income and taxes payable for corporations. Tax implications of changes in corporate structures, corporate distributions, rollovers, shareholder/manager remuneration. Trusts and Partnerships. Determination of the effects of federal income taxes on decision-making. Discussion of taxation issues that integrate across businesses and for individuals..
Prerequisite(s): MPAC 5P38.
MPAC 5P51
Information Technology and Systems
(also offered as MACC 5P51)
Current issues in developing and managing accounting information systems. Fundamentals of value chain modeling, business process modeling and database implementation using REA. Fundamentals of business reporting and information management using XBRL.
Restriction: open to MAcc and MPAcc students.
MPAC 5P61
Corporate Governance
Using examples drawn from current business practices, investigates financial reporting matters, role and function of auditing and board of directors, ethics, management policy and leadership. Focuses on developing critical thinking and research skills.
MPAC 5P91
Corporate Finance for Accounting
Examination of corporate financing and investment decisions with emphasis on the accounting treatments and the financial reporting implications via a case approach; in depth analysis of financial planning, treasury management, capital budgeting, valuation, financial risk management, and corporate finance transactions.
CO-OP COURSE
MPAC 5N90
Co-op Professional Preparation Course
Tools, resources and skills to maximize co-op employment and professional development opportunities – both while at Brock and after graduation. Pre-requisite for any co-op students who wish to participate in co-op job search and grade will be evaluated based on class participation including attendance and completion of professional projects.
Restriction: open to graduate business co-op students with permission of the Goodman School of Business Graduate Programs Office.