Financial Accountability

Financial Accountability

The MFAc degree will provide a value-added educational experience through seeking solutions to some of the toughest and most pressing challenges in the field such as the aftermath of the global financial crisis, climate change, cyber security and corruption.

The MFAc is the only program in Canada to offer a specialized focus in financial accountability and consists of four dynamic and interrelated conceptual cornerstones: (1) Corporate Ethics; (2) Regulative Standards and Legislative Requirements; (3) Effective Information Systems; and (4) Transparency in Reporting (the program’s ultimate goal). The cornerstones are well reflected in core courses and optional courses to be taught by nationally and/or internationally recognized faculty members and industry experts.

The program is also distinguished by its orientation towards accredited and experienced practicing professionals who are encountering an increased demand for specialized skills and knowledge unique to the area of governance and accountability.

Note: The MFAc Program accepts applications for Fall, Winter and Summer admission.

Within the MFAc there is the possibility of a Practicum – a unpaid or paid internship - which fulfills the requirements of an elective. The Practicum comprises our practicum course (FACC 6850 – Financial Accountability Practicum) which is a double credit and also includes full or part time employment. If you wish to take this MFAc with Practicum program then you should indicate this at the time you apply. Your application for the MFAc with Practicum will be considered at the same time as your MFAc application. For those accepted into the MFAc with Practicum, a co-op work permit is required and can be most efficiently applied for at the same time as your study permit (see If you wish to request admission into the MFAc with Practicum program later, you can still apply after you arrive in Canada.

Degrees Offered

Master of Financial Accountability (MFAc)

Program Length (Full-time)

4 term(s)

Program Component(s)

  • Course work only
  • OR Major research paper

Minimum Required GPA


Fall Entry

  • Full-time
  • Part-time

Deadline - Fall (All Applicants)


Winter Entry

  • Full-time
  • Part-time

Deadline - Winter (All Applicants)


Summer Entry

  • Full-time
  • Part-time

Deadline - Summer (All Applicants)


English Proficiency Requirement

Minimum TOEFL (Paper-based)577
Minimum TOEFL (Internet-based)90-91
IELTS (Academic Module)7
YUELIAcademic Program Level 9 with Pass
YUELI Graduate Studies Preparation Program (GSPP)Graduate with Honours
CAELOverall score of 65, no component score less than 60
Minimum CPE ScoreC1
Minimum CAE ScoreC
PTE Academic67

Additional Admission Requirements

Number of Recommendation(s)

  • 3 recommendation(s)

Other Requirements

  • Official transcripts from all postsecondary institutions*
  • Resumé or CV
  • Statement of interest
  • 3 letters of reference
  • Supplementary application form
  • Students interested in MRP option must provide a statement of research
  • A Skype interview will be a requirement as part of the application process unless waived by the school

*Program may also request proof of completion of professional designation (i.e. CMA, CGA, CA, CPA)

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York University
Student Recruitment & Admissions
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