accounting prep seminar - mcgill•update your resume •summer conferences will probably require...
TRANSCRIPT
Agenda
Part 1: Professional• Guest Speakers• Spring Recruitment• DAS Upcoming Events• Becoming The Ideal Candidate• Recruitment Toolkit
Part 2: Academic• Required Classes – Accounting Major• CPA Program Options
Part 1: Professional
Guest Speakers
Sophie Bergeron-Leblanc, CPA, CAConseillère, Relève et promotion de la profession, CPA Quebec
Sophie Bergeron-Leblanc, CPA, CAEmployer : The CPA Order
Current position : Advisor, recruitment and visibility
01. The profession
02. Career opportunities
04. Academic path
03. Salary
05. Scolarship – CPA Foundation
AGENDA
THE PROFESSION
01
10
MEMBERSTHE QUEBEC CPA ORDER IS THE
3RD LARGEST PROFESSIONAL ORDER IN
QUEBEC
Corporate and public sector 75 %
members
future CPA’s
39 0005 000
Firms 25%
Composition of members:
46% women
54% men
ARTIFICIAL INTELLIGENCE
PRESTIGIOUS DESIGNATION
SOUGHT BY EMPLOYERS
FINANCE - ACCOUNTING
AN APPEALING DESIGNATION
OPPORTUNITIES TO WORK ABROAD
CPAsare
everywhere
WHERE DO CPAS WORK?
FIRMSPUBLIC SECTOR
FINANCIAL
INSTITUTION
NPOs
COMPANIES
ONE DESIGNATION, MANY TYPES OF EXPERTISE!
Controller
Financial analyst
Tax specialist
Forensic accountant
External auditor
Consultant
CFO
Account Manager
Internal auditor
DIFFERENT BUSINESS FIELDS
Financial services
Mines
Holding company
Aerospace/ aviation
Real estate
Software
Transport
Telecommunications
Construction
Arts and entertainment
Hotels and restaurants
Agriculture, forestry, fishing
Technologie / IT
Oil and gas
Pharmaceuticals/ChemicalsMedia, communications
Retail business
Manufacturing
03
HOW MUCH DO YOU THNIK A CPA EARNS ON AVERAGE?
COMPENSATION
A CPA earns on average… $122,000 per yearCOMPENSATION
$58,000$84,000
$105,000$122,000
$138,000
$167,000
After3 - 4 years
After5 - 9 years
After10 - 14 years
After15 - 19 years
After20 - 24 years
After25 years
Source : CPA Canada, 2015
salary right from the start during
the internship
04
THE PATH
2 ways to take the program
CPA PROFESSIONAL EDUCATION PROGRAM (PEP)
University Graduate
Program
> 24 to 30 credits
DESS program
>Offered full or part time
depending on the
university
National Program
> Module-based program delivered by the Order
> Part time (16 to 24 months)(practical experience in parallel)
> Online learning, self-learning, workshops
> Modules offered 3 times per year
> Personalized coaching
Complete the CPA Professional Education Program
Modules
Core modules> Financial reporting
> Strategy and governance
> Management skills
> Audit and assurance
> Finance
> Taxation
1 2Elective modules> Choice of 2 modules
> Performance management
> Finance
> Assurance
> Taxation
3 4Capstone module> Integration of
competencies
> Preparation for the examination
5 6Complete the CPA Professional Education Program
CPA PROFESSIONAL EDUCATION PROGRAM (PEP)
COMMON FINAL EXAMINATION (CFE)
DAY1
DAY 2
DAY 3
> 3 consecutive days
>Once per year*
> At the same time
across Canada
>On a laptop computer
Pass the Common Final Examination(CFE)
5 hours
Long case study with role
- Assurance
- Performance management
- Finance
- Taxation
4 hours
Immersive case evaluation
4 hours
3 to 5 short case studies
* Starting May 2020, the CFE will be given twice a year
Minimum term of 24 months
PRACTICAL EXPERIENCE
Experience acquired during undergraduate studies is processed retroactively(a maximum of 8 months may be accumulated before the PEP begins)
Set structure and clear work plan
It is a job, not just two years of involvement
Full or part time
DEMONSTRATE
PROGRESS
TOWARD MORE
COMPLICATED TASKS
AND GREATER
INDEPENDENCE
Additional criteria for the CPA auditor permit
ADDITIONAL CRITERIA – AUDITOR
Be guided by a CPA auditor mentor throughout a pre-approved public accountancy program
Accumulate 1,250 hours in assurance, including 625 hours in audit engagements
Choose the taxation and assurance courses during the PEP
Pass the CFE with the auditor role
Office québécoise de la langue française (OQLF)
Pour être membre d’un ordre professionnel au QUÉBEC
Examen
1) Compréhension orale
2) Rédaction écrite
3) Entrevue verbale
L’examen peut se faire n’importe quand avant de devenir CPA
Exemptions: 3 ans post-secondaire temps plein en français
Diplôme du ministère de l’éducation du Québec
EXAMEN DE FRANÇAIS
SCOLARSHIP
CPA FOUNDATION
The Foundation’s pledge to the CPA profession is to encourage students to
stay in school and promote academic excellence
FOLLOW US ON SOCIAL MEDIA
COMPANY AND GROUP
Ordre des CPA du Québec
@CPAquebec
Ordre des CPA du Québec
Devenir CPA
Ordre des CPAdu Québec
“Like” our “Devenir CPA” Facebook page
To find out more about the profession, ask your questions
and enter our contests!
YouTube
Ordre des CPAdu Québec
QUESTIONS?
THANK YOU
Carolyn BoonSenior Manager, Controllers Group, Bell Canada
Carolyn Boon, CPA, CMASr Manager – Controllers Group
Canada’s largest communications company
Annual revenue
$23B
Customer connections
19M+ Enterprise value
$78B
1 in 395 working Canadians at Bell
37
Important player in Montreal
Commited▪ Bell Let’s talk : major donations▪ Community Fund: projects from Montreal
organizations
Partner▪ Major cultural and sporting events▪ Chambers of commerce and associations▪ Collaboration with large and small businesses
Present▪ Important employer and well known for the quality
and diversity of its jobs▪ Television, radio and digital media
A national commitment of over $100 million, built on 4 pillars
Bell Let’s Talk mental health initiative
RESEARCH
WORKPLACE
CARE & ACCESS
ANTI-STIGMA
My Career Path: Carolyn Boon
My educational experience:- Interesting advice from a Career Counsellor (Finance vs.
Accounting)- Involvement in extra-curricular activities- Student exchange in Paris
Obtaining my accounting designation:- Tough decision between CA and CMA
1)
2)
My professional experience:- Experience gained from a small start-up to
now- My role at Bell in the Controller team
3)
Some words from our grads:
1) Bobbi Adler
2) Dante Alfieri
Q&A
Layla Kabbara, CPA, CA
Associate, VLT (Valuation, litigation and transaction)
My Background
Education
• Bachelor of Commerce (2013) and Graduate Certificate (CPA,CA) from Concordia University (2014)
• Passed the 2014 UFE (now called the CFE)
• Received CPA, CA title in August 2016
Career
• Started working full-time at Deloitte in January 2014
• Worked in audit for ~2.5 years
• Joined the VLT Team at Richter in Sept. 2016 as a financial analyst
• Became an associate this year (Jan. 2019)
• Specialize in Business Valuations and Litigation
What do we do in VLT?
Business Valuation
• Tax reorganisations
• Mergers and Acquisitions
• Purchase price allocation (PPA)
• Divorces
Litigation and Forensics
• Breach of contract
• Non-compete agreements
• Shareholder disagreements
• Fraudulent activities (misappropriation of assets, embezzlement)
Transaction Services:
• Perform due diligence (buy-side)
• Provide advisory services (sell-side) – help find potential buyers, prepare CIM (Corporate Information Memorandum) and negotiate on the seller’s behalf
Life in a Firm
Pros
• Learning is exponential (i.e. you learn so much from your clients that operate in different industries)
• The work does not feel repetitive and is very challenging
• Potential to climb the ladder quickly and acquire management skills (i.e. manage your own file and team)
• Potential to work with different people based on each mandate
• Flexible hours and workspace (as long as you deliver!)
Cons
• Higher pressure to deliver on time
• May work longer hours
• May travel (may be a pro for you!)
Spring Recruitment
Spring Recruitment
• Be aware that firms will be actively recruiting starting end of this month
• full time positions
• Summer Conferences
• How to prepare?• Order business cards ASAP – VistaPrint
• Polish application packages and get it reviewed with Career Services (6th floor)
Big 4 Summer Conferences:
Opportunities to get recruited for Summer
2020 internships & Fall 2020 full-time!
DAS Upcoming Events
Meet The Profs & DAS
Where? Bronfman 2nd FloorWhen? March 13, 5:30-7:30PM
Big 4 Casual
Where? TBD (Kampai in 2018)When? March 26, 6-9PM
Becoming The Ideal Candidate
What Are Employers Looking for?
• Well rounded individuals
• With a balance between• School
• Extracurriculars
• Work
• Differentiate yourself through your unique personality
What Are Employers Looking for?
• PERSON A• GPA: 3.92
• Languages Spoken: English, Basic French
• Extra-Curricular Activities: Tutoring
• Work Experience: Customer Service Agent, Swim Coach
• Hobbies: Swimming, Yoga, Food
What Are Employers Looking for?
• PERSON B• GPA: 3.40
• Languages Spoken: English, French, Italian
• Extra-Curricular Activities: Frosh, Carnival, MUS, Tutoring
• Work Experience: Computer Specialist, Translator, Cashier
• Hobbies: Politics, Technology
What Are Employers Looking for?
• PERSON C• GPA: 3.10
• Languages Spoken: English, French, Spanish, Portuguese, German
• Extra-Curricular Activities: DAS, DMLS, Varsity Soccer, Football Coach
• Work Experience: Teller, Cashier, Waiter, Political Researcher
• Hobbies: Sports, DJaying, Graphic Design
Advice
• U0-U1: get relevant experience to share in Fall recruitment
• U2 onwards: find accounting-related job
• What to do now? (take notes!)• Resume online Template
• Cover letter
• Business cards
• Chat with DAS execs - We’ve been through it!
Recruitment Toolkit
Toolkit
• Update your resume
• Summer conferences will probably require Resume + Cover Letter
• Get your business cards
• Useful resource: Career Services – Alain Villemaire
Part 2: Academic
Required Classes – Accounting Major
Courses (more available on dasmcgill.ca)
Electives
• Suggested Electives• ACCT 354 Financial Statement Analysis
• ACCT 452 Financial Reporting & Valuation
• Finance, Information Systems, Marketing Classes
• Possible Electives• Out of faculty – Ask friends around
• Beware if you go on exchange, make sure your classes are approved by BcomOffice
CPA Program Options
Your Options
1. McGill Graduate Certificate in Professional Accounting
2. McGill Continuing Education
3. National Program
Path to becoming a CPA
May
2021
July
2021
October
2021
May
2022
F18 SEMESTER W19 SEMESTER SUMMER F19 SEMESTER W20 SEMESTERSUMMER
INTERNSHIPF20 SEMESTER W21 SEMESTER CPA SCHOOL
SUMMER
BREAKWORK CPA SCHOOL
Spring
Recruitment
Accounting
related job
Fall Recruitment
(Sept. 2019)Apply for GCPA CFE (Sept. 2022)
U2 U3U1
McGill Graduate Certificate in Professional Accounting (GCPA)
Why Should you apply?1. Integrative Approach
2. Presentation Skills
3. Success
4. Student Satisfaction
5. Top Quality Instructors
6. Impressive Alumni
School of Continuing Studies
Presenter:
Robert Matarasso, CPA auditor, Course lecturer
Not present:
Melissa Rosen, CPA auditor, CA, Coordinator CPA Program
Please send all questions about the program to Melissa Rosen
Main differences between Desautels and SCS:
1) All courses are held week nights and weekends - no weekday/daytime courses
2) You can work fulltime while doing the SCS CPA program, even the summer you write the CFE – Desautels you need to take 2 summers off work
3) All 4 electives are offered, Assurance, Taxation, Finance, Performance Measurement – Desautels only offers Assurance and Taxation
4) Lower CGPA requirement for program admission
5) SCS program completed over a 24 month period versus Desautels program completed over a 17 month period
6) SCS program starts in September 2019 versus Desautelswhich starts in May 2019
Graduate Certificate in CPA – Professional Education
Fall 2019
CPA Foundations 1
Winter 2020
CPA Foundations 2
Fall 2020
(Take two electives only)
TaxationPerformance Management
Assurance Finance for CPAs
Winter 2021
Communication and Case-
Writing Skills for CPAs
Summer 2021
Capstone 1 Seminar
Capstone 2 –Examination Preparation
• Candidates pursuing the CPA auditor designation must take the Taxation and
Assurance electives in Fall 2020
• McGill University’s School of Continuing Studies offers all 4 electives
Admission Requirements1. A) Hold a Bachelor of Commerce with major/honours in Accounting from
a recognized Canadian university with a minimum CGPA of 3.0 on a 4.0
scale.
OR
B) Hold an undergraduate degree in any discipline from an accredited
university AND a Certificate in Accounting or Diploma in Accounting
from the School of Continuing Studies, or an equivalent credit program
from a recognized Canadian university.
Both the undergraduate degree and Certificate in Accounting or
Diploma in Accounting must be completed with a minimum CGPA of
3.0 on a 4.0 scale.
*We invite you to still apply even if your cumulative CGPA is below 3.0*
Admission Requirements2. Have completed, within the last five years, the following 13 prerequisite
courses as part of the B Com or Certificate in Accounting or Diploma in
Accounting with a minimum grade of B-.
Admission Requirements3. Have completed the following 5 mandatory prerequisite courses as part of
the BCom degree or Certificate in Accounting, or Diploma in Accounting.
These non-technical competency courses must have been completed
within the last 10 years.
4. Provide a CV, cover letter and two letters of reference.
Application ProcessWebsite to apply:
http://www.mcgill.ca/continuingstudies/prospective-students/apply/graduate-
programs
Application deadline: June 1, 2019
Application Process
National Program
Your To-do List
To-do ListWhat can you do now to succeed in recruitment?
1. Polish the following• Resume• Cover letter• Update your Linkedin profile• Clean up your social media for inappropriate content
2. Follow DAS on Facebook & get a membership (10$)!
3. Come to our events for free!
4. Get involved with Desautels clubs and conferences! – look for the MUS Winter Involvement Package in March
5. Try to find an accounting related job for the coming summer
6. Follow firms on social media
Q & A