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, , CA Conseillère, Relève et promotion de la profession, CPA Quebec
Sophie Bergeron-Leblanc, CPA, CA Employer : The CPA Order Current position : Advisor, recruitment and visibility
01. The profession 02. Career opportunities AGENDA 03. Salary 04. Academic path 05. Scolarship – CPA Foundation
01 THE PROFESSION
Composition of members: MEMBERS 46% women THE QUEBEC CPA ORDER IS THE 54% men 3RD LARGEST PROFESSIONAL ORDER IN QUEBEC 25% Firms 75 % Corporate and public sector 39 000 members 5 000 future CPA’s 10
AN APPEALING DESIGNATION FINANCE - ACCOUNTING ARTIFICIAL INTELLIGENCE OPPORTUNITIES TO WORK ABROAD PRESTIGIOUS DESIGNATION SOUGHT BY EMPLOYERS
WHERE DO CPAS WORK? FINANCIAL CPAs COMPANIES INSTITUTION are everywhere PUBLIC SECTOR FIRMS NPOs
ONE DESIGNATION, MANY TYPES OF EXPERTISE! Controller Financial analyst CFO Tax specialist Forensic accountant External auditor Consultant Account Manager Internal auditor
DIFFERENT BUSINESS FIELDS Technologie / IT Aerospace/ aviation Oil and gas Real estate Pharmaceuticals/Chemicals Media, communications Retail business Software Manufacturing Transport Telecommunications Construction Arts and entertainment Financial services Hotels and restaurants Mines Agriculture, forestry, fishing Holding company
03 COMPENSATION HOW MUCH DO YOU THNIK A CPA EARNS ON AVERAGE?
COMPENSATION A CPA earns on average … $122,000 per year $167,000 $138,000 $122,000 $105,000 $84,000 $58,000 Source : CPA Canada, 2015 After After After After After After 3 - 4 years 5 - 9 years 10 - 14 years 15 - 19 years 20 - 24 years 25 years salary right from the start during the internship
04 THE PATH
CPA PROFESSIONAL EDUCATION PROGRAM (PEP) 2 ways to take the program Complete University Graduate National Program the CPA Program > Module-based program delivered by the Order Professional > 24 to 30 credits > Part time (16 to 24 months) Education DESS program (practical experience in parallel) Program > Offered full or part time > Online learning, self-learning, workshops depending on the > Modules offered 3 times per year university > Personalized coaching
CPA PROFESSIONAL EDUCATION PROGRAM (PEP) Modules 1 2 3 4 5 6 Complete Core modules Elective modules Capstone module the CPA > Financial reporting > Choice of 2 modules > Integration of Professional > Strategy and governance > Performance competencies Education > Preparation for > Management skills Program management > Finance the examination > Audit and assurance > Assurance > Finance > Taxation > Taxation
COMMON FINAL EXAMINATION (CFE) 4 hours DAY > 3 consecutive days Pass the 1 Immersive case evaluation > Once per year* Common Final > At the same time 5 hours Examination across Canada Long case study with role DAY (CFE) > On a laptop computer - Assurance 2 - Performance management - Finance - Taxation 4 hours DAY 3 3 to 5 short case studies * Starting May 2020, the CFE will be given twice a year
PRACTICAL EXPERIENCE Minimum term of 24 months Experience acquired during undergraduate studies is processed retroactively (a maximum of 8 months may be accumulated DEMONSTRATE before the PEP begins) PROGRESS TOWARD MORE Set structure and clear work plan COMPLICATED TASKS AND GREATER INDEPENDENCE It is a job, not just two years of involvement Full or part time
ADDITIONAL CRITERIA – AUDITOR Additional criteria for the CPA auditor permit Be guided by a CPA auditor mentor Choose the taxation and throughout a pre-approved public assurance courses during accountancy program the PEP Accumulate 1,250 hours in Pass the CFE with the assurance, including 625 hours auditor role in audit engagements
EXAMEN DE FRANÇAIS 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
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 Facebook Twitter LinkedIn YouTube Instagram Ordre des CPA COMPANY Ordre des CPA Ordre des CPA @CPAquebec du Québec AND GROUP du Québec du Québec Ordre des CPA Devenir CPA du Québec “ Like ” our “Devenir CPA” Facebook page To find out more about the profession, ask your questions and enter our contests !
QUESTIONS?
THANK YOU
Carolyn Boon Senior Manager, Controllers Group, Bell Canada
Carolyn Boon, CPA, CMA Sr Manager – Controllers Group
Canada’s largest communications company Customer connections Annual revenue Enterprise value 19M+ $23B $78B 1 in 395 working Canadians at Bell
Important player in Montreal Present ▪ Important employer and well known for the quality and diversity of its jobs ▪ Television, radio and digital media Partner ▪ Major cultural and sporting events ▪ Chambers of commerce and associations ▪ Collaboration with large and small businesses Commited ▪ Bell Let’s talk : major donations ▪ Community Fund: projects from Montreal organizations 37
Bell Let’s Talk mental health initiative WORKPLACE ANTI-STIGMA CARE & ACCESS RESEARCH A national commitment of over $100 million, built on 4 pillars
My Career Path: Carolyn Boon 1) My educational experience: - Interesting advice from a Career Counsellor (Finance vs. Accounting) - Involvement in extra-curricular activities - Student exchange in Paris 2) Obtaining my accounting designation: - Tough decision between CA and CMA 3) My professional experience: - Experience gained from a small start-up to now - My role at Bell in the Controller team Some words from our grads: 1) Bobbi Adler 2) Dante Alfieri
Q&A
Layla Kabbara, CPA, A, 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 (6 th 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 2 nd Floor When? 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
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