Rotman Commerce Specialists
The Bachelor of Commerce from Rotman Commerce is a four-year Honours program degree granted by the Faculty of Arts & Science. To obtain your BCom, you will need to fulfill a number of requirements, including a Commerce Specialist program. Each Specialist program has specific courses that must be completed in order to meet the requirements for its Specialist designation. Typically, students complete the requirements in four years.
Specialist in Accounting
The Rotman Commerce Accounting Specialist program exists to provide in-depth accounting education to students wishing to pursue careers or graduate studies in accounting. Students enrolled in the specialist choose one of the two streams described below: Public Accounting or Financial Reporting and Control. To review the specific requirements of both streams, please visit the Faculty of Arts and Science Calendar.
- Public Accounting
The Accounting Specialist in Public Accounting provides advanced training in accounting, particularly in the public accounting fields of financial accounting, tax, and audit, complemented by exposure to economics, finance, and other management disciplines. It is especially recommended for those wishing to become licensed public accountants and/or train in public accounting firms. This stream has the same requirements as the singular Accounting Specialist program that existed prior to the introduction of the two streams. This stream was accredited by the Chartered Accountant (CA) legacy program by the Chartered Professional Accountants of Ontario (CPA Ontario, formerly the Institute for Chartered Accountants of Ontario or ICAO) and also continues to meet the requirements for direct entry into the Chartered General Accountant (CGA) program at the PACE level. During the five year transition period for the new Chartered Professional Accountant (CPA) designation (2015-2019), students can choose to follow transitional paths offered by the legacy destinations that allow students to complete the CPA Professional Education Program (CPA PEP) sooner. In addition, this stream allows students to complete the requirements for entry into the CPA PEP. This specialist stream is highly structured and requires 15 FCEs, culminating with an existing capstone course: RSM426H1 Critical Thinking, Analysis, and Decision Making.Students graduating from the Public Accounting stream of the Rotman Commerce Accounting Specialist, along with accounting specialists from UTM and UTSC, have priority access to the Rotman School’s twelve-week Graduate Diploma in Professional Accounting (G.Dip.P.A.).The G.Dip.P.A. offers advanced standing with the CPA, enabling students intending to pursue a CPA designation to advance directly to the Capstone 1 module in the CPA Professional Education Program. Read more about the G.Dip.P.A.
- Financial Reporting and Control
The Accounting Specialist in Financial Reporting and Control meets the needs of students who intend to pursue careers in accounting, but not necessarily in public accounting. It is primarily aimed at students who wish to pursue careers as financial analysts, managerial accountants, financial statement preparers, controllers, internal auditors, or financial professionals in general. Compared with the accredited Public Accounting stream, the Financial Reporting and Control stream offers greater flexibility for students to take non-accounting RSM courses (both through an increased breadth requirement and through a larger number of elective RSM courses). It provides a greater emphasis on management and financial accounting in lieu of tax and audit.The stream also has a new capstone course: RSM429H1 Financial Statement Analysis and Valuation. The overall objective of this new capstone course is to help students valuate businesses using financial statements. It includes discussion of how accounting regulations and managerial discretion influence presented financial statements. In addition, students will understand how to interpret financial statements, analyze cash flows, make judgments about earnings quality, and uncover hidden assets and liabilities. Students will also be exposed to research from accounting and finance that focuses on how financial statement analysis can be used in devising trading rules. Finally, the course will use financial statement analysis prospectively to forecast and valuate firms using cash-flow-based and accounting-based-methods.
Specialist in Finance and Economics
The Specialist in Finance and Economics is designed for those who wish to pursue graduate studies or a career in finance or economics. Faculty are drawn from the Rotman School of Management – the leading business school in Canada for finance – and the Faculty of Arts and Science, which boasts the nation’s top-ranked economics department. Moreover, Rotman Commerce is a Chartered Financial Analyst (CFA) Institute Program Partner, an internationally recognized designation certifying that the Rotman Commerce BCom has covered the generally accepted body of knowledge required by CFAs. To learn more about the CFA Institute Program Partnership, visit the CFA Institute’s website.
Specialist in Management
The Specialist in Management is for students who are interested in management education more broadly, and who want a more flexible path to their business career. Students pursuing the Management Specialist may choose to pursue a focus in one of four areas: Finance, Leadership in Organizations, Marketing, or Strategy and Innovation. The flexibility of this program provides students with the room to pursue a minor, or even a second major within the Faculty of Arts and Science.