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Loyalist College - Online Program Transfer Credit Policy


CGA Ontario Courses 

College Equivalent 

Financial Accounting Fundamentals (FA1) 

ACCT 8003
ACCT 8004

Accounting Basics 1
Accounting Basics 2

Micro and Macro Economics (EM1) 

ECON 8000
ECON 8001


Business Law (LW1)

LAWS 8029

Business Law

Financial Accounting: Assets (FA2) 

ACCT 8006
ACCT 8009

Intermediate Accounting 1 
Intermediate Accounting 2 

Business Quantitative Analysis (QU1) 

BUSI 8225

Business Statistics

Management Accounting Fundamentals (MA1) 

ACCT 8007
ACCT 8010

Cost and Management Accounting 1
Cost and Management Accounting 2

Business Communication (CM1) 

Two half-credit courses required. Any two of the following: business communications, effective writing or an English course such as SOMS 1002 or SOMS 1010.  

Financial Accounting: Liabilities and Equities (FA3) 

ACCT 8009
ACCT 8013

Intermediate Accounting 2
Intermediate Accounting 3

Corporate Finance Fundamentals (FN1)

ACCT 8008
ACCT 8012

Corporate Finance
Business Finance 2

Managing Information Systems (MS1) 

ACCT 8016

Accounting Information Systems

*Advanced Management
Accounting 2 (MA2)

ACCT 8017

 Managerial Cost Accounting

*Personal and Corporate
Tax (TX1)

ACCT 8011
ACCT 8014

Taxation 1
Taxation 2

*External Auditing (AU1)

ACCT 8000
ACCT 8001

Auditing 1
Auditing 2

A grade of “B” or 70% is required in each of the equivalent courses in order to obtain a transfer credit. 
*Challenge Examination 

For more information, please contact Bruce Wright, CPA, CA, MBA by phone at (613) 969-1913 ext. 2343 or by email at

Transfer credit policies are subject to change without notice.   

2013/2014 - updated January 26, 2015.