Seneca College Bachelor of Commerce - IAF Transfer Credit Policy

Foundation

CGA Ontario Courses 

College Equivalent 

Financial Accounting Fundamentals (FA1) 

BAB 140 

Introduction to Financial Accounting 

Micro and Macro Economics (EM1) 

LSP 240
LSP 340

Microeconomics - Theory and Practice 
Macroeconomics - Theory and Practice

Business Law (LW1) 

BAB 230

Introduction to Business Law 

Financial Accounting: Assets (FA2) 

IAF 310

Intermediate Financial Accounting 1 

Business Quantitative Analysis (QU1) 

BAB 210
IAF 550

Business Statistics
Quantitative Methods for Decision Making

Management Accounting Fundamentals (MA1) 

BAB 240
IAF 530 

Management Accounting
Management Accounting - Intermediate

Business Communication (CM1) 

Two half-credit courses required. Any two of the following: business communications, effective writing or an English course such as EAC 150, EAC 349, EAC 394, PRA 120, PRA 330, ENG 106 or ENG 205.  

Financial Accounting: Liabilities and Equities (FA3) 

IAF 410

Intermediate Accounting 2

Corporate Finance Fundamentals (FN1) 

BAB 110
IAF 330 

Financial Mathematics
Finance

Managing Information Systems (MS1) 

IAF 340

Business Information Systems 1

Accounting Business Case (BC1) 

To be eligible for a transfer credit in BC1, you must obtain transfer credits in FA1, FA2, FA3, CM1, MA1, MS1, FN1 and have a business degree or diploma. All requirements must be completed prior to enrolment in the CGA program.  

Advanced

Financial Accounting: Consolidations and Advanced Issues (FA4)

IAF 710 

Advanced Financial Accounting

Personal and Corporate Tax (TX1)

IAF 320
IAF420

Income Tax 1
Income Tax 2

External Auditing (AU1)
and Public Practice Audit Case (BC2)

IAF 520 (full-time)
IAF 610
 

Auditing
Computerized Auditing

Accounting Theory & Contemporary Issues (AT1)

IAF 510

Accounting Theory

Advanced Management Accounting (MA2)

IAF 841

Management Accounting - Advanced

Electives

*Advanced External Auditing (AU2)

IAF 826

Advanced Auditing

Grade Required

IAF Program: C+ or 65%

A minimum grade as stated above is required in each of the equivalent courses in order to obtain a transfer credit or challenge examination.*Challenge Examination 

For more information, please contact Jamie Aldcorn, IAF Degree Co-ordinator, at jamison.aldcorn@senecacollege.ca or 416 491-5050 X26570.

Transfer credit policies are subject to change without notice.   

Updated as of April 2013.