Accounting Jeopardy

Accounting Profession

100

Which three professional designations merged to form the CPA?

CA (Chartered Accountants), CMA (Certified Management Accountants), and CGA (Certified General Accountants)

200

True or False, Accounting majors can only work at Public Accounting firms (EY, KPMG, PwC, etc...)

False

300

What does CPA stand for?

Chartered Professional Accountant

400

What is the average salary for an accountant straight out of University?

$43,000

500

What are the two different ways you can become a CPA?

1) MPAcc (Masters of Professional Accounting at the U of S). 2) CPA PEP (CPA Professional Education Program) through self-study modules.

Accounting at The U of S

100

Can you complete most of the required CPA modules and complete a Masters degree at the same time?

Yes! Edwards actually offers the MPAcc (Master of Professional Accounting) program where students learn and are tested on material, that substitutes for all but one module in the traditional PEP courses. Students complete this while earning a Masters degree.

200

When do you pick your major?

January of your 2nd Year.

300

Who is the namesake of our school?

N. Murray Edwards

400

What percentage of 2014 Accounting graduates were employed within 2 months after graduation?

92.3%

500

What was the admission average into the Accounting major in 2015?

73.53%

The Accounting World

100

What does GAAP stand for?

Generally Accepted Accounting Principles (a collection of commonly followed rules and standards for financial reporting)

200

The Edwards School of Business used to be called the School of Accounting. In what year did it first open?

1914

300

Who are the Big Four?

EY Deloitte KPMG PwC

400

Do all B. Comm graduates with majors in accounting pursue the CPA designation?

No, you actually don't have to pursue a designation at all if you don't want to!