Set yourself apart with this niche area of financial management and earn standing towards the Certified Aboriginal Financial Manager (CAFM) designation.

Upon completion of this diploma, earn credit towards the Certified Aboriginal Financial Manager (CAFM) designation offered by the Aboriginal Financial Officers Association. Whether working for or with a First Nations community, this increasingly in-demand designation will set you apart from your competitors in the job market.

Become a go-to solution provider for clients looking for financial advice. Help Indigenous organizations manage their finances and plan for their future. This career path takes your interest in the business world and combines it with your excellent communication skills, ability to convey complex ideas in a simple manner and desire to uphold ethics. Learn how to advance in this demanding, yet rewarding, career.

Learn the world of business within the unique framework of an Indigenous perspective. Develop skills in business law, financial accounting and reporting, and ethics. Higher-level courses enhance critical thinking skills.

Find opportunities in accounting and financial management within an Indigenous context including accounting firms, banks, credit unions, First Nation communities and organizations, government and non-profit organizations, and consulting firms.


  • Two-year diploma or university degree
  • Entry level accounting knowledge is required. Applicants without this will be required to take ACCT-0003 Financial Accounting 1 and ACCT-0004 Financial Accounting 2 (or equivalent) prior to the start of the program.

If you do not have a prior post-secondary credential, please see our Business Administration program where you can specialize in Accounting, Finance, Human Resource Management or Marketing.  

English is the language of instruction at Assiniboine. All applicants educated outside of Canada or in a country not on the test exempt list must meet the English language proficiency requirement. See assiniboine.net/elp for more information. IELTS score of 6.0 with no subscore less than 5.5 or equivalent is acceptable for this program.  

Careers & Connections

Career Opportunities

Graduates find excellent opportunities in accounting and financial management within an Indigenous context including accounting firms, banks, credit unions, First Nation communities and organizations, government and non-profit organizations, and consulting firms.


Students may earn advanced standing towards the Certified Aboriginal Financial Managers (CAFM) program through the Aboriginal Financial Officers Association (AFOA).

Assiniboine has a number of agreements with other colleges, universities and professional organizations, making it possible to apply credit taken at Assiniboine to programs at other institutions. For up-to-date information on agreements, visit Assiniboine’s Articulation Agreements page.

Tools & Supplies

You benefit from industry networking and guest speakers and attend classes in computer labs, regular classrooms and lecture theatre. This program uses online learning resources and instructional resources.

Booklists are available from your school office 30 days prior to the start date of your program. Visit the Bookstore website to learn more.

2021-22 Lists:


Program Checklist:

Technology Requirements

Programs at Assiniboine have certain technology requirements. Students require access to computer devices at home and may be required to bring these on campus when instructed. Refer to assiniboine.net/tech  for more detailed information about the requirements for this program. 


Courses & Costs

To graduate with an advanced diploma in Indigenous Financial Management, students must successfully complete 60 academic credits. The minimum passing grade for each course is indicated on the course outline. Course offerings are subject to change and may vary by intake.

Estimated Program Costs (2022-23)
  Credits Tuition Course fees Students' Association fees (Inc Health Premium) Estimated textbooks, tools and supplies
Indigenous Financial Management Advanced Diploma 60 $3,310 $760 $450 $1,330

All fees are estimated and subject to change without notice.

Estimated Program Costs - International (2022-23)
  Credits Tuition Course Fees Students' Association fees (Inc Health Premium) Required Health Insurance Textbooks, Tools, & Supplies

Indigenous Financial Management Advanced Diploma


60 $15,200 $760 $450 $1,000 $1,330

All fees are estimated and are subject to change without notice. All international students must purchase health insurance. The college adds this fee to your student account and then sends your name and fee to the insurance provider on your behalf.

This program has certain ‘bring your own device’ requirements that means you may need to purchase certain technology if you do not already own. Please visit assiniboine.net/byod for more information.

Title Credits/CEUs Elective Distance PLAR
Advanced Financial Reporting (BUSN-0173)

Prerequisite: ACCT-0007 Financial Accounting 4
This course applies critical evaluation to issues associated with business combinations, joint ventures, foreign operations, not-for-profit organizations, and public sector accounting. Specific attention is given to consolidation accounting, accounting for foreign currency transactions, hedge accounting and not-for-profit accounting.

6 credit(s) Yes Yes No
Advanced Software (COMP-0598)

Prerequisite: COMP-0597 Software Applications
In this course, students learn to use software to store and prepare data for analysis in a variety of business situations. Students begin by learning to use various tools and features to improve the analytical capability of their spreadsheets. They also learn when to use a spreadsheet and when it is more appropriate to utilize a database. Students learn how to create relational databases to store data effectively, as well as how to extract data in the form of queries and reports. Students use Excel to perform metrics and analysis using real business examples. Use of database software for data mining and analysis purposes will add knowledge, skills and abilities related to business intelligence and meeting organizational objectives.

6 credit(s) Yes No No
Audit and Assurance (BUSN-0174)

Prerequisite: ACCT-0005 Financial Accounting 3
This course introduces the fundamental concepts, purpose, principles and procedures of auditing and assurance. Specific attention will be given to professional standards, regulations and ethics, planning, internal controls, audit procedures, audit testing, documentation and reporting, stakeholder recommendations and other assurance engagements.

6 credit(s) Yes Yes No
Business Law (LAWG-0093)

Knowledge of laws affecting your commercial activity can help you avoid unnecessary legal and, consequently, financial liabilities. Fundamental legal principles, as well as specific commercial transactions, are discussed in this course.

6 credit(s) Yes Yes No
Canadian Business and Society (BUSN-0166)

Students explore the complex business environment and the relationships organizations have with civil society, the natural environment and each other. Through this examination, students learn that ethical decision-making is critical to the successful management of any organization. Topics include changing economic, political, social and cultural forces and their influences on business and society; the continuum of socially responsible management and ethical business practices; and the challenges and opportunities that influence where an organization fits on the continuum. Special attention is given to Indigenous history and developments.

6 credit(s) Yes Yes No
Corporate Finance (BUSN-0165)

Prerequisite: ACCT-0004 Financial Accounting 2
Students explore finance issues and the tools used by financial managers in decision-making. Topics include the corporate financial environment and its impact on decisions, time value of money, investing and risk management, distribution of earnings, capital budgeting techniques and short-, medium- and long-term financing decisions.

6 credit(s) Yes Yes No
Financial Accounting 3 (ACCT-0005)

Prerequisites: ACCT-0004 Financial Accounting 2; MATH-0001 Financial Math OR MATH-0107 Math for Business
This intermediate course in accounting provides coverage of financial accounting topics such as the accounting cycle, financial statement presentations, asset and revenue recognition, inventory concepts, as well as inventory and capital asset principles.

6 credit(s) Yes Yes No
Financial Accounting 4 (ACCT-0007)

Prerequisite: ACCT-0005 Financial Accounting 3
This intermediate course in accounting provides comprehensive coverage of financial accounting topics on the liabilities and equity side of the financial statements, such as: current and contingent liabilities, long term debt, leasing, corporate shares, complex financial instruments, retained earnings, earning per share and income taxes.

6 credit(s) Yes Yes No
Indigenous Ethics - Case Study (INDG-0004)

The course is intended for participants who are managers and staff working in/with finance and administration in/of Indigenous communities. The course takes students through the theory and philosophy of ethics, an analysis of what makes an ethical organization, a comparative analysis of codes and ethics from different organizations, and finally developing a Code of Ethics that reflects the ideals and purpose of an organization. Students work from real life issues and compile the results into a final Ethics Case Study.

6 credit(s) Yes No No
Indigenous History (INDG-0005)

In order to make sense of current issues and developments in Indigenous communities, learners need an understanding of the history of
these communities and their relationships with the crown and/or state. This course gives the learner the opportunity to expand their knowledge of the history of relationships between Indigenous and Non-Indigenous societies, their institutions and the unique context of these histories and the current realities and initiatives, considering Indigenous culture. While it is impossible in one course to consider the diverse Indigenous cultures and histories within Canada, this course provides an overview of the commonalities with regard to shared
histories, significant events, and common core aspects of Indigenous cultures.

6 credit(s) Yes No No
Indigenous Human/Fiscal Issues (INDG-0006)

This course examines some of the human resource and financial issues a financial officer may face when working in an Indigenous context. It offers participants the opportunity to acquire the essential skills and knowledge needed to fulfill one of the roles of a financial officer: that of a human resource manager. The framework for course discussions is current initiatives - both at the national and professional level - addressing issues related to the present fiscal relationship between Indigenous governments and the Canadian state, with particular attention given to issues related to accountability.

6 credit(s) Yes No No
Intermediate Mgmnt Accounting (ACCT-0052)

Prerequisite: ACCT-0050 Introductory Mgmnt Accounting
This course applies accounting information to internal decision-making. Students explore the managerial and ethical issues relation to the determination and analysis of relevant costs and their behaviour. Topics covered include cost allocation, cost management, product costing, strategy and control, transfer pricing, joint and by-product costing, and spoilage.

6 credit(s) Yes Yes No
Introductory Mgmnt Accounting (ACCT-0050)

Prerequistie: ACCT-0004 Financial Accounting 2
An introduction to the use of accounting information for internal management purposes focusing on planning and control, budgeting, standard costs and overhead analysis, relevant costs, management control and evaluation, and financial statement analysis.

6 credit(s) Yes Yes No
Sage Accounting Software (ACCT-0051)

Prerequisite: ACCT-0003 Financial Accounting 1
Students complete computerized accounting cycles for a variety of organizations using SAGE 50 Accounting Software. Exposure to components in this accounting suite include: General Journal/Ledger, Accounts Payable/Receivable, Payroll, Inventory and Order Entry. Functionality related to System Set-up, Sales Taxes, Banking, Periodic Processing and Financial Reporting are also explored. Students apply computerized accounting techniques to each step of the accounting cycle.

6 credit(s) Yes No No
Statistics 1 (MATH-0002)

This course acquaints students with the concepts of statistical methods and theory as applied to economic and business data. It examines frequency distribution, probability, probability distribution, sampling, estimation and hypothesis testing.

6 credit(s) Yes Yes No
Statistics 2 (MATH-0003)

Prerequisite: MATH-0002 Statistics 1
This course is a continuation of the concepts introduced in Statistics 1 and includes advanced topics such as hypothesis testing, regression, correlation, time series, statistical decision theory and linear programming.

6 credit(s) Yes Yes No
Strategies and Decisions (INDG-0007)

The course offers the student the opportunity to learn about current practices/activities that support and enable organizational high performance and accountability. It provides information on how to enhance decision-making, planning, performance management, accountability and policy development. This course focuses on the student’s role as a Financial Manager and enhances their ability to make sound and informed decisions as their Indigenous organization seeks high performance.

6 credit(s) Yes No No

Fast Facts

8 months
Program Start
Please Inquire
Advanced Diploma
Course Load
Program Details
Open to International Students
School of Business
800.862.6307 ext 7500 (toll free)

Frequently Asked Questions

When is the next program information session?

Program information sessions are completely free to attend, and we invite you to bring a guest along as well. It's a good idea to register in advance so we know you're coming.

To find the complete schedule for our program information sessions and to RSVP, visit the program information session page.

I have a Mac laptop, can I use that?

Laptops using a Windows 10 base operating system are recommended. Mac computing devices are not compatible with the Business Administration or Office Administration programs.