MAcc in Accountancy
The growing scope and diversity of functions being performed by professional accountants has created a strong demand for individuals who have both a broader base of general and business education as well as more in-depth technical accounting education than can be obtained in an undergraduate degree. The Master of Accountancy degree is offered in-seat for students focused on obtaining an advanced degree.
Degree Requirements
Students who have a degree in a different curricular area or a bachelor’s degree in accountancy from another college or university may earn a master’s degree from the School of Accountancy upon completion of the requirements for the degree. The student’s program must include a minimum of 30 credits beyond the bachelor’s degree (or its equivalent) selected from courses carrying graduate credit. The basic 30-hour MAcc curriculum requires a minimum of 15 hours of accountancy courses and a minimum of 15 hours of courses reserved exclusively for graduate students. A maximum of 6 semester hours of graduate level course work may be transferred from another accredited master’s program. In addition, the student must meet the following stipulations:
- At least 15 of the 30 credits must be completed in 8000-9000-level courses.
- A minimum of 24 credits of advanced study must be completed under MU faculty.
- A maximum of 6 graduate credits may be transferred from another college or university.
- All requirements must be completed within eight years from the time of initial enrollment.
The MAcc program is designed especially to provide the additional breadth and depth of knowledge and skills required for success in contemporary accounting practice.
| Professional Accountancy Education | ||
| ACCTCY 7384 | Auditing Theory and Practice I ** | 3 |
| ACCTCY 8450 | Accounting and Strategic Business Analysis | 3 |
| Accounting Electives: 12-21 hours | ||
| Core Business Education | ||
| MANGMT 7010 | Operations Management (or approved substitute) * | 3 |
| Business electives: 0-9 hours | ||
- *
MANGMT 7010 substitutes include FINANC 7010, FINANC 7020, MANGMT 7540, ACCTCY 7365 or ACCTCY 8436.
- **
If taken at the undergraduate level, audit is waived and an additional accounting elective is taken at the graduate level.
Through careful selection of electives, the MAcc program provides great flexibility to enable customized programs of study in specialty areas of particular interest to students. Students may earn a certificate in assurance or taxation within the 30 hours required for their Master of Accountancy degree. Go the following link for more information about graduate accounting certificates.
| Accountancy Electives: | ||
| ACCTCY 7365 | Governmental Accounting and Budgeting | 3 |
| ACCTCY 7940 | Professional Accounting Internship | 3-6 |
| ACCTCY 8363 | Multi-Jurisdictional Tax | 3 |
| ACCTCY 8373 | Taxation of Corporations and Shareholders | 3 |
| ACCTCY 8404 | Internal Auditing | 3 |
| ACCTCY 8410 | Accounting Ethics | 3 |
| ACCTCY 8414 | Audit of Internal Controls | 3 |
| ACCTCY 8419 | International Accounting | 3 |
| ACCTCY 8420 | Data Based Decision Making | 3 |
| ACCTCY 8423 | Tax Research and Planning | 3 |
| ACCTCY 8424 | Fraud Examination (or Forensic Accounting) | 3 |
| ACCTCY 8428 | Data Visualization and Data Mining | 3 |
| ACCTCY 8436 | Advanced Accounting | 3 |
| ACCTCY 8437 | Strategic Cost Analysis | 3 |
| ACCTCY 8438 | Forensic Accounting (or Fraud Examination) | 3 |
| ACCTCY 8444 | Advanced Audit | 3 |
| ACCTCY 8448 | Emerging Issues in Accounting Information Systems | 3 |
| ACCTCY 8453 | Taxes and Business Strategies | 3 |
| ACCTCY 8456 | Corporate Governance | 3 |
| ACCTCY 8463 | Partnership Taxation | 3 |
| Business Electives | ||
| Business (Economics, Finance, Management or Marketing) courses may be used to fulfill business electives at the graduate level. Please see the Director of the 150-Hour Program during pre-registration to get a list of courses that are available for accountancy students. | ||
| Note: Additional coursework may count towards the Master of Accountancy degree with ACCTCY 8401 - Topics in Accounting courses, please inquire with an academic advisor in the School of Accountancy to discuss available coursework. | ||
Admission Criteria to the MAcc
- Rolling admissions to begin in Fall, Spring or Summer semesters.
- Minimum Test of English as a Foreign Language (TOEFL) scores:
| Internet-based test (iBT) | Paper-based test (PBT) |
|---|---|
| 112 | 630 |
- Competitive Undergraduate GPA
- Bachelor’s degree from an accredited college or university
- Accountancy coursework:
- Accounting I and II
- Intermediate Financial Accounting I and II
- Accounting Information Systems
- Cost and Managerial Accounting
- Introduction to Taxation
- Short answer essay question submitted as a part of application to the Graduate School
- Resume
- Letters of Recommendation
- Interview may be required for admission
Work experience may be considered in lieu of some admittance requirements. Additionally, students that are employed or otherwise financially supported by an employer (i.e. an accounting firm or corporation) may receive a waiver of some admittance requirements.
Note: Meeting the minimum requirements does not guarantee admission.
Required Application Materials
To the Graduate School
All required Graduate School documents - online application, unofficial transcripts (official transcript required if accepted by the program), Statement of objectives, no more than 500 words (upload to the online Graduate Application), and Letters of Recommendation (upload to the online Graduate Application).
TOEFL score (if native language is not English)
Admission Contact Information
School of Accountancy
303 Cornell Hall
573-882-4463