Master of Accounting (MAcc) Admission Requirements
An applicant’s previous academic background will determine at what point in the Master of Accounting they may enter, which will affect the amount of time it will take to complete the MAcc. Please refer to the MAcc Viewbook for more information about the structure of the program.
Applicants with a four year non-Canadian or non-business degree must first complete the Diploma in Intermediate Accounting (DIAc), which is an eight-month graduate diploma to bring internationally educated and non-business students up to speed on accounting principles and tax practices for the MAcc.
Select your academic background below for details on your entry point and admission requirements.
Choose the menu that most closely matches your academic background
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Students who have graduated, or expect to graduate from the, Schulich i/BBA with the accounting specialization are eligible to apply for entry to the MAcc beginning in Term 2. This program is 8 months in duration made up of two consecutive summer terms (May each year).
The admission requirements entry to the MAcc Term 2 are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in the program is limited.
- A minimum B (6.0) average in your last two full years (60 credits) of academic work.
- If you went on exchange in 3rd or 4th year, your exchange grades will be included in your GPA calculation.
- If your degree is in progress, you must have all of your degree requirements complete, and be eligible to graduate by the end of the winter term prior to the term to which you are applying.
- A minimum B (6.0) average in all CPA courses
- No individual mark less than C in any CPA-defined core courses. For a list of which courses are defined as core with CPA, click here.
- For graduates of the Schulich School of Business, the following requirements will be waived if the applicant graduated within the last five years:
- GMAT/GRE
- Letters of recommendation
- Essays
Students who have graduated, or expect to graduate from the, Schulich i/BBA in a non-accounting specialization are eligible to apply for direct-entry to the MAcc beginning in Term 1. This program is 12 months in duration beginning in the fall term (September each year).
The general admission requirements for the MAcc are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in the program is limited.
- A minimum B (6.0) average in your last two full years (60 credits) of academic work.
- If you went on exchange in 3rd or 4th year, your exchange grades will be included in your GPA calculation.
- If your degree is in progress, you must have all of your degree requirements complete, and be eligible to graduate by the end of the summer term prior to the term to which you are applying.
- Prerequisite courses:
- ECON 1000/INTL 1200 and ECON 1010/INTL1210
- MGMT 1050
- ACTG 2010 and ACTG 2011
- ACTG 2020
- FINE 2000
- MGMT 3100
- ACTG 3110
- OMIS 3710
- For graduates of the Schulich School of Business, the following requirements will be waived if the applicant graduated within the last five years:
- GMAT/GRE
- Letters of recommendation
- Essays
Students holding a four year business degree from a Canadian institution are eligible to apply for direct-entry to the MAcc beginning in Term 1. This program is 12 months in duration beginning in the fall term (September each year).
The general admission requirements for the MAcc are listed below. Meeting the minimum admission requirements does not guarantee admission, as space in each program is limited. A holistic approach is taken during the application review process and all components of the application are thoroughly reviewed.
- An undergraduate business degree from a recognized Canadian post-secondary institution with a minimum B average in the last two full years (or equivalent) of academic work.
- Prerequisite courses, taken at the undergraduate level, in:
- Microeconomics and Macroeconomics
- Statistics/Quantitative Methods
- Corporate Finance
- Canadian Business Law
- Information Systems
- Introduction to Financial Accounting
- Introduction to Management Accounting
- Intermediate Financial Accounting I
- Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) (waived for graduates of Canadian universities within the last five years*)
- Acceptable scores on all measures of the GMAT or GRE
- To send your scores for these tests to us please use the following codes: GMAT code Z75-X8-38 or GRE code 5697
- Work Experience
- Post-degree work experience is recommended but not required.
- Completion of the online application which requires:
- Essays (2 written, 1 timed written, 2 video)
- An up-to-date resume
- Two references
- Unofficial copies of transcripts from all previously attended post-secondary institutions*
- Unofficial copies of GMAT or GRE scores*
- *Official copies of these documents will be required if an applicant receives an offer to the program
- Proof of English language proficiency if studies were not completed in English.
Accepted Tests Minimum Score IELTS (Academic Test) 7.0 overall (minimum 6.5 on each dimension) TOEFL (Schulich’s TOEFL Code is B710) 100 iBT (minimum 23 on each dimension) -
- Applicants who have completed at least two years of full-time study at an accredited university in a country (or institution) where English is the official language of instruction are not required to submit an English proficiency test.
- Strong applicants whose first language is not English and do not meet the above language requirements may be considered for admission with the condition of completion of the MBA/Specialized Master’s Preparation Program offered by the York University English Language Institute.
- Proof of English language proficiency if studies were not completed in English.
Students with a four year non-business degree interested in the Master of Accounting program must first complete the Diploma in Intermediate Accounting (DIAc). The DIAc is an 8-month graduate diploma to bring non-business students up to speed on accounting principles and tax practices for the MAcc.
This program is 8 months in duration beginning in the summer term (May each year). If you complete the DIAc with a B average and no grade lower than C, you would be eligible to continue on to the Master of Accounting program, entering at Term 2. This would be a seamless transition. Completion of the MAcc would require a further 8 months of study at the end of which, you would be eligible to write the CFE.
Students with a four year non-Canadian degree interested in the Master of Accounting program must first complete the Diploma in Intermediate Accounting (DIAc). The DIAc is an 8-month graduate diploma to bring internationally educated students up to speed on Canadian accounting and tax practices for the MAcc.
This program is 8 months in duration beginning in the summer term (May each year). If you complete the DIAc with a B average and no grade lower than C, you would be eligible to continue on to the Master of Accounting program, entering at Term 2. This would be a seamless transition. Completion of the MAcc would require a further 8 months of study at the end of which, you would be eligible to write the CFE.
Students with a three-year degree from an Indian institution that has a National Assessment and Accreditation Council (NAAC) rating of at least an A, and who have achieved a first-class rating (60% and above) overall in their Bachelor’s degree must first complete the Diploma in Intermediate Accounting (DIAc) via the DIAc in India program.
Students with a four-year degree from an Indian institution can choose to join either the DIAc in India program or the regular DIAc program.
The DIAc is an eight-month graduate diploma to bring internationally educated students up to speed on Canadian accounting and tax practices for the MAcc. Students in the DIAc in India program will first complete Term 0 of the DIAc program in Hyderabad, India and then join the rest of the DIAc students in Toronto from Term 1 onwards.
This program is eight months in duration beginning in the summer term (May each year). If you complete the DIAc with a B average and no grade lower than C, you would be eligible to continue on to the Master of Accounting program, entering at Term 2. This would be a seamless transition. Completion of the MAcc would require a further eight months of study at the end of which, you would be eligible to write the CFE.
Applicants who are registered with CPA and are in the process of completing the Professional Education Program (PEP) may be eligible for the following advanced standing entry points. Students completing CPA PEP must meet all of the admission requirements in accordance with their academic background as stated above.
- CPA students who have completed Core 1 of the PEP may be eligible for admission to Term 1 (September entry) of the MAcc.
- CPA students who have completed Core 2 of the PEP may be eligible for admission to Term 2 (May entry) of the MAcc.
In either case, students must complete the Schulich Accounting Standards for Private Enterprises (ASPE) and Case writing workshops before entering Term 2.
No advanced standing will be granted for studies in the CPA Preparatory Program (PREP).
ACCA Students/Affiliates/Members may be eligible for the following advanced standing entry points. ACCA Students/Affiliates/Members must meet all of the admission requirements in accordance with their academic background as stated above.
- ACCA students/affiliates who have completed Fundamentals may be eligible for admission to Term 1 (September entry) of the MAcc.*
- ACCA members may be eligible for admission to Term 2 (May entry) of the MAcc.*
*If you intend to gain the CPA designation, you will not be eligible for advanced standing based on your ACCA designation. In this case, you must apply for the Diploma in Intermediate Accounting (DIAc).
ACCA students who have not completed Fundamentals interested in the Master of Accounting program must first complete the Diploma in Intermediate Accounting (DIAc).
The DIAc program is a graduate diploma to bring internationally educated students up to speed on Canadian accounting and tax practices for the MAcc/CPA designation and is 8 months in duration beginning in the summer term (May each year). If you complete the DIAc with a B average and no grade lower than C, you would be eligible to continue on to the Master of Accounting program, entering at Term 2. This would be a seamless transition. Completion of the MAcc would require a further 8 months of study at the end of which, you would be eligible to write the CFE.
Click here for the DIAc admission requirements.
Download Schulich’s Application FAQs for ACCA
- A minimum B (6.0) average in your last two full years (60 credits) of academic work.
Students who have graduated from Schulich within the last five years are eligible for the following:
- GMAT/GRE waiver*
- If the student achieved a B+ or better GPA during their last two years of undergraduate studies, or cumulatively across the Master of Management (MMgt) program
- A $150 application fee waiver
*Also applicable for graduates of Canadian universities within the last five years
Deadlines
The MAcc program is offered on a full-time basis only. Entry points are determined by a student’s academic background. Please refer to the menus above to ensure that you apply to the correct term. The 2023 MAcc term 2 application portal will open November 21st, 2022.
Entry | Round 1** | Round 2 | Round 3 | Round 4*** |
May 2023 (Term 2) Schulich i/BBA CPA stream only |
January 11, 2023 | February 22, 2023 | N/A | N/A |
Entry | Round 1** | Round 2 | Round 3 | Round 4*** |
September 2023 (Term 1) |
September 28, 2022 | January 11, 2023 | April 5, 2023 | June 7, 2023 |
**International students are encouraged to apply no later than Round 1. International students are still welcome to apply after this date and will be considered for admission pending space in the program. Please keep in mind that you must have enough time to apply for a study permit if you are granted an offer.
***For domestic applicants only. Late international applications may be accepted pending space in the program.
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Masters Viewbook Admissions Events Application Tips
Please note: Your GMAT/GRE score and responses from your referees can be completed after your application has been submitted. A preliminary review of your application will still be done prior to receiving these items.
Students may only submit a single application. Students are not permitted to apply in multiple rounds or to multiple programs.