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StFX BBA Major in Accounting and Honours in Accounting programs accredited by CMA Canada

March 29, 2012

ANTIGONISH, NS (March 28, 2012) -- Certified Management Accountants of Canada (CMA Canada), the world leader in shaping strategic management accounting professionals to lead successful enterprises in the global marketplace has awarded, for a five-year period, the accreditation of the Bachelor of Business Administration, Major in Accounting program and the Bachelor of Business Administration, Honours in Accounting program at St. Francis Xavier University.

CMA Canada accredits programs at leading academic institutions which provide complete coverage of the CMA Competency Map Entrance Requirements, equipping students with in-depth knowledge and skills in management accounting, financial accounting, financial management and taxation, strategic management, and risk management and governance. These skills are required for mastering the advanced concepts covered in the CMA Strategic Leadership Program, leading to the prestigious CMA designation.

Beginning in 2000, CMA Canada implemented an accreditation process to recognize institutions that offer quality educational programs according to prescribed standards. The CMA accreditation program offers academic institutions a measurement process that is based on self-evaluation coupled with evaluation by CMA Canada.

"Through the CMA accreditation process, we are increasing the pool of qualified graduates who are able to enter the CMA Strategic Leadership Program directly from academic institutions, thus helping achieve quality growth in the management accounting profession. In addition, accrediting programs enables CMA Canada and academic institutions to work together to enhance the development of management accounting knowledge and practices in the global marketplace," said Joy Thomas, MBA, FCMA, C.Dir., President and CEO, CMA Canada.

St. Francis Xavier University (StFX) is among an exclusive group of academic institutions across Canada to have an undergraduate accounting program accredited by CMA Canada.

"The accreditation by CMA Canada marks yet another impressive milestone for StFX's Gerald Schwartz School of Business. We are very pleased that the CMA accreditation process recognized the commitment by our university to deliver a quality management accounting education program which prepares students for their careers. The CMA accreditation provides our accounting graduates with an opportunity to more efficiently advance their interests toward a management accounting designation," said Leo Gallant, MBA, CFP, FCA, and Dean of Business, St. Francis Xavier University.

Students who successfully complete the Bachelor of Business Administration, Major in Accounting program and the Bachelor of Business Administration, Honours in Accounting program with a minimum grade point average of 75 per cent are exempt from writing the CMA Entrance Examination. This select group of students will enter directly into the Strategic Leadership Program, the final step required to obtain the CMA designation.

"Our partnership with St. Francis Xavier University and, in particular, through the newly accredited Bachelor of Business Administration, Major in Accounting program and the Bachelor of Business Administration, Honours in Accounting program, is emblematic of the innovative culture of both institutions," said Nancy Foran, FCMA, C.Dir., Chief Executive Officer for CMA Nova Scotia, Bermuda and the Caribbean.

"These two programs offer an evolved approach to course design and delivery, supported by outstanding faculty, and strong evaluation of student performance. With its interwoven approach and exceptionally high standards, the CMA-accredited path brings an unparalleled opportunity for employers wanting access to top accounting students graduating from universities across the country."

For more information contact:
Cindy Ruocco
Manager, Communications and Public Affairs
CMA Canada
Phone: 905-949-3116

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Certified Management Accountants of Canada


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