You can skip the year if you have credit transfers for all core subjects in that year. Your course guide will list these as "complete (x) courses from:" and you must complete these.

If you want to skip the year, you must have direct credit transfers for these listed subjects.

If you only have a few, say 1 or 2 that haven't been done, you can complete them while starting second year courses, provided no courses require the subject as a prerequisite.

E.g. Economics 1 is a semester 1 year 1 course you haven't done, if economics 2 is in semester 1 year 2, you must delay it or complete E1 before commencement.

If E2 is a year 2 semester 2 class, you can start E1 in year 2 semester 1 and you will be okay.

(this is assuming you "start" this program in year 2, and avoid spending time doing year 1 classes again)