Course Registration Deadline Extended!

The course registration deadline for the courses offered through the University of Waterloo has been extended to August 22, 2008.

More information about the courses and the registration process is available at the following link:

http://cmapublicaccounting.blogspot.com/2008/08/course-registration-available.html

Tax Information for Accomodation Providers

Please see the following link for federal and provincial tax information for accomodation providers for the Vancouver 2010 Olympic and Paralympic games.

http://www.cmabc.com/index.cfm/ci_id/12687/la_id/1/document/1/re_id/0

Ethical Requirements for Public Practitioners

Please view an exerpt from an article published in the CA Magazine regarding ethical requirements for public practitioners at the following link.

http://www.cmabc.com/index.cfm/ci_id/12673/la_id/1/document/1/re_id/0

Course Registration Available!

CMA is pleased to be launching its CMA Program of Study for Public Accounting.

Objective

The objective of this document is to provide:

• An overview of the CMA Program of Study for Public Accounting;

• Confirm the key dates for the Fall 2008 (September 8 – December 1); Course outlines are available here:
http://www.cmabc.com/index.cfm/ci_id/12664/la_id/1/document/1/re_id/0

• Advise of some key administrative matters.

If you have any detailed questions or comments, or feedback on the pilot offerings, please contact your local CMA Office or Colin Shaw - Director, Public Accounting at CMA Ontario on cshaw@cma-ontario.org or 416-204-3112.

NOTE: For the purpose of Members seeking to practice public accounting in Ontario in the future, please be advised that these courses are subject to changes based on an assessment by the Public Accountants Council of Ontario.

Summary

The CMA Public Accounting Program is comprised of 2 topic areas:

• Auditing, and

• Taxation

Auditing

The Auditing material is divided into two courses – Audit I and Audit II. Each course is 12 weeks in length, plus two assessment components – a midterm and a final exam. Also, the grading for Audit II includes successful completion of the cases from Modules 10 through 12 on a pass / fail basis

For Audit I, sessions 1 - 12 and Audit II, sessions 1-9, detailed PowerPoint lessons support the readings and are narrated by the instructor of the class. The lessons are available on-line and on DVD.

Additionally on-line discussion boards will facilitate learning and provide candidate’s access to the instructor and other classmates. Each course builds on the competencies acquired through the prior course.

NOTE: Candidates seeking exemptions from Audit I will not be considered unless they have successfully completed a recognized university course that covers the equivalent material within the two years prior to their application.

Candidates will be required to support their application with a copy of the course outline for the claimed equivalent course, a copy of at least one exam question paper for the course and their transcript showing successful completion of the course with a mark of no less than 65%, submitted to CMA Ontario for assessment.

If these are approved, candidates will be required to challenge the Audit I examinations, both interim and final, on the dates scheduled for the next offering of Audit I. Exemptions are expected to be rare.

Taxation

The Taxation material is divided into 3 courses – Taxation I, Taxation II, and Taxation III. Each course is 9 weeks in length, plus two assessment components – a midterm and a final exam. Each course builds on the competencies acquired through the prior course.

For Taxation I, II, and III the website will facilitate candidate learning though directed readings and the completion of group assignments. These groups will be composed of 3-4 individuals and candidates will have access to a group forum hosted on the course web site in order to assist groups who are geographically dispersed. Candidates must be willing to devote an average of 10 hours per week to the learning process in each course.

NOTE: Candidates seeking exemptions from Tax I will not be considered unless they have successfully completed a recognized university course that covers the equivalent material within the two years prior to their application.

Candidates will be required to support their application with a copy of the course outline for the claimed equivalent course, a copy of at least one exam question paper for the course and their transcript showing successful completion of the course with a mark of no less than 65%, submitted to CMA Ontario for assessment.

If these are approved, candidates will be required to challenge the Tax I examinations, both interim and final, on the dates scheduled for the next offering of Tax I. Exemptions are expected to be rare

Administration

1. Eligibility: Prospective candidates must be a Certified Management Accountant in good standing in order to be eligible to enrol for these courses.

2. Fees: The cost of each of the 5 courses is $850 plus GST.

a. After the start of the course, refunds will not be available to candidates who voluntarily decide to withdraw.

b. Other materials such as textbooks are not included in this fee.

3. Textbooks:

a. Auditing

i. Auditing and Other Assurance Services, 10th Edition, Alvin A. Arens, Randal J. Elder, Mark S. Beasley and Ingrid Splettstoesser-Hogeterp, Pearson Education Canada, 2007, ISBN#9780131296152

This textbook can be purchased at the following link:
http://www.amazon.ca/Auditing-Other-Assurance-Services-Canadian/dp/0131296159/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1217606589&sr=8-1

ii. CICA Handbook: Canadian Institute of Chartered Accountants, 2007
The CICA Handbook must be purchased from the CICA Store at https://www.knotia.ca/


b. Taxation

i. Beam, Laiken and Barnett, Introduction to Federal Income Taxation in Canada (current ed.) + Companion CD, CCH Canadian Limited, North York, Ontario. [a.k.a. IFITC]

ii. Canadian Income Tax Act with Regulations (current ed.) CCH Canadian Limited, North York, Ontario.

Taxation textbooks can be purchased from CCH Canadian Limited at http://www.cch.ca/Products/

4. The Auditing and Taxation courses are offered in conjunction with the University of Waterloo Continuing Studies Department, and offered exclusively as distance learning through the University of Waterloo Continuing Studies web site.

5. Registration – Fall 2008 (September 8 – December 1):

a. In order to register, please use the following link – https://student.dce.uwaterloo.ca/dceforms/ce_registration/cma_reg_form.html

b. Registration Opens - July 25 / Registration Closes: August 15

c. SEE Course Schedules for detailed dates http://www.cmabc.com/index.cfm/ci_id/12664/la_id/1/document/1/re_id/0

6. Participation: During the Tax courses, participation in on-line discussion boards and group assignments will be monitored, and individuals will be advised if they are falling behind expectations.

7. Examinations:

a. Candidates will be required to sit for the midterm and final exams at a specified centre arranged by their respective provincial bodies.

b. Deferrals are only granted in unusual circumstances.

c. Late Cancellations and No-Shows may be asked by their respective provincial bodies to reimburse any costs incurred.

Please visit the following link for course outlines, schedules and registration information:

http://ce.uwaterloo.ca/Certified_Management_Accountants.htm

Please note: the registration deadline for fall courses is August 15th

For further information (until August 8, 2008), please contact Jon Jones, Director, Management Accounting, 416-204-3130, 1-800-387-2991 x 130, jjones@cma-ontario.org

For further information (after August 8, 2008), please contact Colin Shaw, Director, Public Accounting, 416-204-3112, 1-800-387-2991 x 112, cshaw@cma-ontario.org