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Newfoundland and Labrador CPA Qualifying Courses

For exemption from the Knowledge Assessment

To be eligible for the new CPA Professional Program, applicants must meet the academic and non-academic requirements outlined on CPA Atlantic School of Business (CPA ASB) Admission Requirements. This includes demonstrating accounting and business knowledge by passing the Knowledge Assessment, unless the applicant qualifies for an exemption based on relevant accounting and business coursework. Applicants who have completed 45 credit hours of relevant post-secondary coursework may be exempt from the KA, depending on their accounting and business courses.

NOTE: If an applicant completes all of the courses listed on the Transfer Credit Guides for CPA PEP, along with the other entrance requirements for CPA Professional Program, by December 31, 2028, they will be exempt from the Knowledge Assessment in the new CPA Professional Program. 

The following list of Post-Secondary Institutions (PSIs) contains courses that will meet the Required Topic Area requirement for exemption from the Knowledge Assessment. The listed courses are not the only way to enter the program. Applicants can also demonstrate prerequisite knowledge by completing the Knowledge Assessment.

Select the university or college to see the CPA qualifying courses for exemption from the Knowledge Assessment.

QUICK LINKS

Program Overview Academic Admissions Requirements Accounting and Business Knowledge Requirement

Newfoundland and Labrador Post-Secondary Institutions

CPA REQUIRED TOPIC AREA EQUIVALENT COURSES* NOTES**
Intermediate Financial Reporting BUSI 4102 *Both BUSI 4101 and BUSI 4102 together address the Intermediate Financial Reporting topic area.
Advanced Financial Reporting BUSI 5125** **Both BUSI 5120 and BUSI 5125 are corequisites and address the Advanced Financial Reporting topic area.
Management Accounting BUSI 5165 + BUSI 5001
Finance BUSI 4550
Audit & Assurance BUSI 4131
Taxation BUSI 5125
Non-Core Course
Core Course
Additiontal Topic Recommended

Details will be finalized soon. Please refer to current transfer credit guides in the meantime. CPA REQUIRED TOPIC AREA EQUIVALENT COURSES* NOTES**
Intermediate Financial Reporting AC 3220
Advanced Financial Reporting No Equivalent Course
Management Accounting AC 3250 + an equivalent PMA course
Finance FN 2111
Audit & Assurance AC 2375 *Both AC 2365 and AC 2375 together address the Audit and Assurance topic area
Taxation No Equivalent Course
Non-Core Course
Core Course
Additiontal Topic Recommended

Download Newfoundland and Labrador’s CPA Qualifying Courses
Important Notes:

  • *Some courses may require completion of prerequisites. Please confirm requirements with your institution. Prerequisite courses may be used to meet the other accounting and business topic area requirement (24 credit hours).
  • **Students will need to complete both listed courses in the specific topic areas to receive an exemption from the Knowledge Assessment.
  • Students intending to pursue the CPA professional designation should note that their degree program (ie. BBA/BComm etc.) will most likely not meet all Knowledge Assessment exemption criteria. As such, students should consider using appropriate elective space in their degree program to complete qualifying coursework for exemption from the Knowledge Assessment.
  • Courses counted for exemption from the Knowledge Assessment can only be counted under one category (ie. Required Topic Areas or Other Business and Accounting Topic Areas) but not both.

Academic Admission Requirements

For details regarding Academic Admission Requirements, click here.

Knowledge Assessment Exemption Requirements

Applicants need to demonstrate accounting and business knowledge by passing the Knowledge Assessment or by completing 45 credit hours of post-secondary coursework from a post-secondary institution.

Required Topic Areas (21 Credit Hours)

  • 21 of the 45 credit hours must cover the six Required Topic Areas (as specified in the table below).
  • You must complete the course(s) listed within each topic area.

Other Business and Accounting Topic Areas (24 Credit Hours)

The 24 credit hours can be met by completing an accounting or business degree at a recognized post‑secondary institution. If you need information on how to complete the 24 credit hours of additional accounting or business coursework required for exemption from the Knowledge Assessment, visit the Academic Admissions Requirements.

The CPA designation gives you the set of skills to do anything.
Lindsay Power, CPA, CMA, MBA
Senior Business Analyst - Strategic Projects, StandardAero
You have this massive family of CPAs on which you can lean on and use as much as you can, as often as you can.
Craig Farewell, CPA
Co-owner & Director of Operations, Banished Brewing & Brewdock
The skills you acquire through the CPA program prepare you to lead in any organization and in any industry.
Courtney Burns, CPA
President and CEO, Greater Moncton International Airport Authority Inc.
It’s the differentiator when someone has a stack of resumes. People with a CPA designation will stand out.
Leah Boody, CPA, CMA
President, Pineapple Bytes
The CPA designation first ignited my entrepreneurial spirit. It certainly helped me get to where I am right now.
David Arsenault, CPA
President, Arsenault Properties

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