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Seneca College Bachelor of Commerce - IAF Transfer Credit Policy


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 or
BAB 231

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.  
Have completed a four year bachelor's degree from this institution.

Financial Accounting: Liabilities and Equities (FA3) 

IAF 410

Intermediate Accounting 2

Corporate Finance Fundamentals (FN1) 

BAB 110
IAF 330 

Financial Mathematics

Managing Information Systems (MS1) 

IAF 340

Business Information Systems 1


Financial Accounting: Consolidations and Advanced Issues (FA4)

IAF 710 

Advanced Financial Accounting

Personal and Corporate Tax (TX1)

IAF 320

Income Tax 1
Income Tax 2

External Auditing (AU1)

IAF 520 (full-time


External Auditing (AU1)

IAF 520 (part-time) Auditing

Advanced Management Accounting (MA2)

IAF 841

Management Accounting - Advanced


*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 or 416 491-5050 X26570.

Transfer credit policies are subject to change without notice.