QSB Students Receive Top Honours in Chartered Accountant Examinations
93% pass rate for UFE exam sets record
January 24, 2006
The UFE is a three-day, national examination held by the Canadian Institute of Chartered Accountants that qualifies university graduates for their chartered accountant (CA) designation after completing their term of service with a public accounting firm. According to the ICAO, this is the second time in the last five years that Queen’s BCom students have led both the country and the province.
“We’re very proud of our successful alumni,” said Accounting Professor Steve Salterio. One QSB student in particular stood out from this year’s UFE writers, Devi Rajani, Class of ’04, was one of only 21 graduates in Ontario to make the prestigious National Honour Roll. More than 10 percent of Queen’s BCom students writing the UFE in the last two years have placed on the National Honour Roll, which recognizes the top 50 of 2300 UFE writers in Canada.
“I attribute our tremendous success rate to the unique focus at Queen’s School of Business of educating business people first,” Professor Salterio explained. “We are the only school in Canada to offer a broad-based Commerce degree followed by delivering four of the more technical courses in a separate program after the students graduate. This allows our students to benefit from the broad-based business and liberal arts education that is the hallmark of Queen’s University.”
These four remaining courses are made available through the Queen’s Advanced Accounting Program (QAAP) offered in May and June of each year. QAAP director Carol McKeen said it’s the program’s compressed format focusing on some of the more technical accounting courses that helps thoroughly prepare Queen’s students for the UFE.
QAAP also allows the School’s BCom students more flexibility to participate in international exchange programs during their degree. Some 60% of students take part in this program.
