Fall 2017 AFEF Endowment Fund & AFSA Levy Fund

The Accounting and Finance Endowment Fund (AFEF), formerly known as the Accounting Endowment Fund (AEF), has and will always be for the betterment of the students of the School of Accounting and Finance (SAF). AFSA is no longer the organization that is the sole fiduciary of the fund, and is instead managed by the AFEF Board of Directors, who evaluate proposals each term.  Students enrolled in the SAF contribute $20 to the fund for each term they are on campus. Contributions made to the AFEF are fully tax-deductible and tax receipts are issued by the University of Waterloo prior to each tax season through Quest. For those students who do not want to contribute AFEF, refunds are now available for the period Winter 2017: https://info.uwaterloo.ca/infofin/students/endowment_refund_form/form.php

Students also contribute $30 to the Accounting & Finance Association fee (previously voted in by referendum by the SAF student body during 2014-15). It should be noted that you are not eligible for conference subsidies should you request a refund. Furthermore, additional restrictions may be added up to the discretion of the AFSA team. If you have any questions or concerns about the AFEF or refunds, please do not hesitate to contact the Deputy VP Finance, Claudia Voin, at vp.finance@uwafsa.ca.

You can request a refund for the $30 contribution to Accounting & Finance Association here from September 18th – October 2nd (midnight). The first step is to state your reasoning for requesting a refund and the second step is to provide your information as well as confirm your acknowledgement of the consequences of the refund. Note that you cannot participate in any AFSA events or services, including the conference programs, if you have opted out of the fee. (AFSA runs its Goes for Gold program which subsidizes 80% of a conference fee and travel, and its subsidy program which subsidizes up to 75% of a conference’s registration fees.)


The AFSA committee applications are here. Get involved to represent the student voice of SAF!

You may apply to a MAXIMUM of 3 committees of your choice.

Fill out the respective forms for the committee you are applying to. Please include all attachments that are required as well.

If you have any questions or concerns, please email the Vice President listed in the chosen typeform.


Admin & KM: https://afsa.typeform.com/to/UyUHi5

Communications: https://afsa.typeform.com/to/rqY72h

Corporate Relations: https://afsa.typeform.com/to/msNJzs

Education: https://afsa.typeform.com/to/hI3mZA

External: https://afsa.typeform.com/to/WZODZZ

Finance: https://afsa.typeform.com/to/l8loU9

Internal Events: https://afsa.typeform.com/to/zjZs69

Internal Services: https://afsa.typeform.com/to/gn5Lsu

Marketing: https://afsa.typeform.com/to/RGNtqP


Applications are due SATURDAY SEPTEMBER 16th 11:59pm.

Don't miss out on this exciting opportunity to get involved!

AFSA Intramural Matchmaking

Need help forming an intramural team?

Sign up for AFSA's intramural team making service! Just fill out the form below to select your activities of interest, and on SEPT 14, you will be matched with other SAF students who want to form a team as well. Also, feel free to sign up with your friends and request to be on their team. From there, you can find some more team members to include if you like, and register with UW intramurals by September 18!

If at least 50% of your team is in SAF AND signed up through AFSA's matchmaking, those team members will receive a 50% SUBSIDY on their individual team fee. For more information about UW intramural.

Click here: https://goo.gl/forms/4pBG18YwhTRJBoM03


AFSA Spring Hunt

AFSA is excited to bring back the scavenger hunt from winter term for the summer after great demand. Look around New HH 1st and 2nd floors for signs that will be redeemable for prizes! Prizes include over 200 different selections of giftcards to popular coffee spots, electronics, textbook vouchers and gift cards to food! There will be new prizes throughout the week so make sure you keep yourself posted! Take a break from studying and have fun looking for these throughout the building.

After finding a sign, please fill out this Google Form to validate your finding and await details regarding a prizes pickup:


  • Please ensure that you follow all Waterloo and SAF policies as they are in effect.
  • ONLY SAF Students can redeem, if you are Non-SAF, please ask a SAF friend to help you redeem!
  • Students who have requested an AFSA refund are NOT eligible for this event
  • Only 2 redemptions per person a day, 10 redemptions per person maximum
  • DO NOT interrupt classes to try and find signs, reports of bad behaviour will result in the event being cancelled unfortunately.
  • Most signs will be outside in common areas to prevent disruption of everyday classes.
  • Do not go onto the 3rd floor and disturb faculty!

If there are any questions, feel free to ask away!

SCHOOL OF ACCOUNTING AND FINANCE - 2017 Investment Research Challenge

The School of Accounting and Finance (SAF) is pleased to present its fifth annual Investment Research Challenge (IRC). The competition is an excellent opportunity for SAF students to demonstrate their knowledge and skills in Finance. Students will get the opportunity to network with industry professionals and gain valuable feedback in the process. This event is sponsored by the CPA SAF Centre for Capital Markets Education. This event is coordinated with AFSA/Finance Focus.

Check out the 2016 IRC!

The IRC has served as a training ground for students who have gone on to win external competitions, including the CFA Institute Research Challenge. SAF teams have won at the Toronto level five times in the last six years (https://www.cfatoronto.ca/awards-university- relations/research-challenge/past-winners) including spring 2017 when they went on to the Americas Regional in Seattle, WA. In 2016, the SAF team won the global level of the CFA Institute Research Challenge. Read about it here!


The 2017 IRC is open to undergraduate students in SAF programs, currently in their 2B term or later terms and to MAcc students. The competition requires a student group to analyze an assigned publicly-traded common stock and defend its buy/hold/sell recommendation. Each group will be required to submit an Excel workbook detailing its analysis along with the slide deck. Each group will make a 7-minute presentation to a faculty/industry judging panel followed by an 8-minute Q&A session. In the second round, the four finalists will be judged by industry experts.

The event will take place on Friday, July 14, 2017. Participants must sign up as individuals and could suggest up to three additional student names to form a team of four. To improve the learning experience, consider forming a student team that has a mix of second year and upper

year students. Each team will be assigned a stock, post registration. Each team must submit a PowerPoint presentation for a 7-minute stock pitch and an Excel workbook showing the supporting analysis.

Registering and then withdrawing from the competition without appropriate documentation, such as a medical note, will be deemed unprofessional and may put a student out of contention for IRC involvement in the future and from being selected for an external competition team or the student investment fund.

We are thankful to Anish Chopra for sponsoring the IRC prizes. Anish Chopra is a Global Wealth Management and Investment Leader with Expertise in Asset Management and Innovative Wealth Products. Anish was also the Chair of the Advisory Board of the School's Student-run Investment Fund from its inception in 2012 until April 2014.

The 2017 IRC Prizes are as follows:

1st Place: $2,000 2nd Place: $1,000 3rd Place: $700 4th Place: $300

Key Dates:

- Last Date to Register: Monday, June 26th, 2017, 11:59 p.m.
- Team and Stock Assignment: Wednesday, June 29th, 2017, 11:59 p.m. - Upload PowerPoint Slides and Excel Model to LEARN dropbox.

Due Date: Wednesday, July 12th, 2017, 11:59 p.m.
- IRC Event Date: Friday, July 14, 2017 starting at 12:00 p.m. and going to 6:30 p.m.

To apply find the application process in LEARN, My SAF Community, Assessments, Surveys, Investment Research Challenge 2017. If you have any questions about the application process, contact L2graham@uwaterloo.ca.

We look forward to receiving your applications.

AFSA By-election 2017

Missed out on the AFSA 2017-2018 election? Don’t worry, there are still positions open on the AFSA BOD in the by-election!


There are 2 elected positions on the Board of Directors. For a complete description of roles and responsibilities, refer to http://www.uwafsa.ca/executive-and-bod.


Sun May 28th – Deadline to submit applications @midnight
Mon May 29th – Candidates vetted and announced
Tues May 30th – Campaigning begins
Mon June 5th – Campaigning ends @midnight
Tues June 6th – Voting begins
Thurs June 8th – Voting Ends @midnight
Fri June 9th – Results announced


  1.  Anyone enrolled in the School of Accounting and Finance (AFM, Math-CPA, Bio-CPA, and CFM) for September 2016 in 2A and up are eligible to run! (Exception of alumni allowed for one AFSA Board seat).
  2. The elections process formally starts with the submission an application for the position you wish to run for (one position per person), the links for which can be found below.
  3. Once applications are approved by the elections committee (you will receive an email along with further rules and regulations), the campaign period begins. During the campaign period, candidates can promote their platform (online only) and SAF students can participate through the elections forum (http://safstudentvote.freeforums.net/).
  4. Once the campaign period ends, voting will begin. During this period, all SAF students (including MAcc) can vote (or abstain from voting, i.e. not vote for any candidate) for all positions as well as any referendums. The vote will be anonymous and held online (the link will be provided at a later date through uwafsa.ca and AFSA’s Facebook page).
  5. Subsequently, the votes will be tallied and the successful candidates will be contacted through email while the final results will be announced on www.uwafsa.ca.
  6. If there are still positions open after the by-elections, the remaining executives will be appointed by the current Board of Directors.

Direct Link to the AFSA BOD Application Form:

AFSA BOD application: https://goo.gl/forms/a1CtENl3CzJbbRqi1

 If you have any questions, please feel free to reach out to the Elections Committee at elections@uwafsa.ca