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concentration in accounting

Program Coordinator: Tami Park

 

A concentration in Accounting (ACC) is for individuals who wish to prepare for professional careers in accounting. Candidates for the degree will build on the broad general, accounting, and business education obtained at the undergraduate level. Students will gain advanced competencies in the practice and theory of financial accounting, auditing, taxation, law, not-for profit and governmental accounting. In addition, students will learn research methods, organizational behavior, and communications, and other business and professional areas. A graduate level accounting program is one way for a student to complete accounting coursework that prepares the student to sit for the Certified Public Accounting (CPA) exam. Most states require the completion of one hundred fifty credit hours of undergraduate and graduate level accounting courses as a qualification to sit for the CPA exam. Students with a Bachelor’s Degree in Accounting often do not have enough credits to sit for the CPA exam.

Some students get a Master’s Degree in to help prepare them for other professional accounting examinations. People want to a career outside of public accounting can use graduate studies to prepare them to take the Certified Management Accountant (CMA) exam, the Certified Financial Manager (CFM) exam, the Certified Fraud Examiner (CFE), the Certified Government Financial Manager (CGFM), or the Certified Internal Auditor (CIA) exam.

In addition to qualifying for desired certification examinations, a master’s degree gives students a competitive edge in the career field for non-CPA career path seekers.

 


Degree Objectives

 

      Reflective Scholarship:

  • To produce graduates who will understand and apply the key concepts, theories of accounting as they apply to the challenges and opportunities in a diversity of organizations in the private and public sectors.   

      Reflective Learning:

  • To give students the necessary tools to communicate orally and in writing to a variety of community and professional audiences. 
  • The goal of the program is instill in the students an awareness and application of ethical and legal principles and judgments for accountings as they apply in a wide range of organizations. 

      Reflective Practice:

  • Demonstrate effective development, implementation, and evaluation of financial plans and financial outcomes to expand the effectiveness of organizations.

In addition to meeting the requirements for admission to the graduate program of the University, applicants who do not have a degree in accounting may have to complete additional course work. Depending on the number of prerequisite courses taken, a student may have to remain a non-degree graduate status until the prerequisite course work is completed. Completion of the prerequisite courses does not guarantee admission into the MAC program.

An applicant with a degree in a business area other than accounting may have fulfilled several of the courses. The MSM-ACC advisor will assess the applicant’s transcripts and determine which prerequisite courses required. Applicants with a non-business degree must complete all of the required prerequisite courses for admission into the MSM-ACC program. Completion of the prerequisites could take as long as six semesters.

 

 

Prerequisite Courses

 

ACC   201   Principles of Financial Accounting
ACC   202   Principles of Managerial Accounting
ACC   341   Fundamentals of Taxation
ACC   371   Intermediate Financial Accounting I
ACC   372   Intermediate Financial Accounting II
ACC   380   Principles of Cost Management
ACC   422   Principles of Attestation and Auditing
ACC   425   Advanced Financial Accounting I
ACC   481   Advanced Cost Management
BUS   335   Commercial Law 
  

 

Transfer Credit

 

The concentration will follow the transfer credit policy of the University Graduate Programs as stated in the graduate catalog.

 

 

Core Required Credits 

MSC 516 Statistics and Research Methods - 3
MSM 503 Budgeting and Financing Organization (Finance) - 3
MSM 504 Organizational Behavior and Communications (Diversity) - 3
MSM 695 Internship/ Project OR 
MSM 699 Thesis - 3
     Total Core Credits Required - 12

 

 

Accounting Concentration Required Credits

 

MSM 515 Governmental ad Not for Profit Accounting - 3
MSM 523 Advanced Attestation - 3
MSM 526 Advanced Financial Accounting - 3
MSM 527 Accounting Seminar - 3 

MSM 528 Advanced Taxation - 3
MSM 529 International Accounting for Multinational Enterprises - 3


     Total Accounting Concentration Credits Required - 15

 

 

Electives Required Credits (complete 3 of the following) 

MSM 500 Management Information Systems - 3
MSM 508 Personnel Management and Administration - 3
MSM 530 Marketing Organizations - 3
MSM 592 Special Topic or Travel Course - 3
MSM 512 Grant Writing and Administration - 3
MSM 520 Systems Design and project management - 3
MSM 610 Leadership and Innovation in Organizations - 3

MSC 526 Professional Ethics - 3

     Total Elective Credits Required - 9

 

 

Total Credit Hours Required - 36

 

Students who have had course work equivalent to Advanced Financial Accounting, Advanced Attestation, and International Accounting for Multinational Enterprises will be required to take other elective courses in the program to meet the concentration requirements.

 

 

Rotation

Disclaimer: This guide provides a guideline for planning the term course schedule, but is not a guaranteed rotation. Intervening factors may require change in the actual term offering. Such factors may include, but are not limited, to employment of qualified instructors, enrollment, practical site agreements, etc….

      Core
      MSM 515 – Odd Spring Semesters

      Accounting Concentration
      MSM 523 – Even Spring
      MSM 526 – Even Fall
      MSM 527 – Spring Semesters

      Electives
      MSM – 529 – Even Spring
      MSM – 528 – Odd Fall

 

 

Additional courses catalog descriptions

Required Accounting Concentration Courses

  • MSM 515 Governmental and Not for Profit accounting will explore the fundamentals of governmental and not-for-profit accounting. This course will pursue an understanding of general, governmental, not-for-profit and health care accounting, financial reporting, and financial statement analysis. This course will benefit accounting students who are preparing for the Uniform Certified Public Accountant (CPA) examination and for civil service and the Certified Government Financial Manager (CGFM) examination. Public administration majors who seek to be employed by governmental and not-for-profit organizations, including the federal and state government, health care entities, colleges and universities, and voluntary health and welfare organizations. 
  • MSM 523 Advanced Audit and Attestation will explore the application of the audit process to the accounting cycles and the process of completing the audit and other assurance and nonassurances services. The course will also cover internal and governmental financial auditing and operational auditing. Prerequisite for the course is ACC 372, Statistics, ACC 422, ACC 481  
  • MSM 526 Advanced Financial Accounting will cover home office and branch accounting, foreign currency concepts and reporting, and segment and interim financial reporting. The formation, operation, changes in ownership interest, and liquidations of partnerships, corporation liquidations and reorganizations. The course will also discuss the SEC Influence on Accounting and accounting for Estates and Trusts. Prerequisite for the course is ACC 425 
  • MSM 527 Contemporary Accounting Issues will concentrate on the integration of accounting theory and practice through practical simulation problems, and research. Prerequisite for the course is MSM 526

Additional Elective Course

  • MSM 528 Advanced Taxation will exploration of the influences of taxes on business decisions and the application of tax law to corporations and partnerships, trusts, estates and gifts through practical case studies and research. Prerequisite ACC 442 
  • MSM 529 International Accounting for Multinational Enterprises will explore International Accounting Standards. International accounting control systems, multinational strategy, comparative systems and practices, international taxation, and foreign external auditing. The course will concentrate on the integration of accounting theory and practice through practical simulation problems, and research. Prerequisite for the course is MSM 526

 

 

 

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