Successful completion of the MAcc program coursework leads to the Master of Science in Accountancy degree, a coveted credential that prepares you for a rewarding future in the accounting profession.  The MAcc degree will enable students to satisfy the 150-credit hour requirements of most states for becoming a Certified Public Accountant (CPA).

Each of the 10 courses listed below is required to obtain the 30-credit Master of Science Accounting Degree.

ACCT 811 - ADVANCED FINANCIAL REPORTING - 3 credits

Advanced Financial Reporting is a continuation of the two course undergraduate Intermediate Accounting sequence. In this course, students examine major theoretical concepts for some of the more sophisticated topics underlying external financial reporting including income taxes, leases, pensions and postretirement benefits (other than pensions) and derivatives. In addition, students will utilize the Financial Accounting Standards Board's Codification to research guidance on the proper reporting of transactions and events in conformance with Generally Accepted Accounting Principles (GAAP).
Course Prerequisites: Intermediate Accounting I and II (or equivalent coursework)

ACCT 812 - NON-PROFIT AND GOVERNMENTAL ACCOUNTING - 3 credits

This course is designed to provide the student with a detailed understanding of the accounting and reporting for state and local governments in accordance with pronouncements issued by the Governmental Accounting Standards Board (GASB). Additionally, the course will also cover the unique accounting and financial reporting needs of governmental and non-governmental non-profit organizations.

ACCT 813 - ADVANCED COST ACCOUNTING - 3 credits

This course is intended to extend the student's knowledge of traditional accounting techniques for product costing beyond that acquired in an introductory Cost Accounting course. A number of additional, more contemporary approaches to the cost accounting function are also explored.

ACCT 804 - SEC REPORTING - 3 credits

This course exposes students to the various periodic financial reporting requirements for publicly held companies as well as financial statement requirements for companies in the process of going public. Through actual SEC filings and case studies the course illustrates a wide range of SEC reporting requirements. Current SEC developments will also be discussed.
Course Prerequisite: Advanced Financial Reporting

ACCT 632 - CONTEMPORARY TOPICS IN FINANCIAL REPORTING - 3 credits

Proper use of financial accounting information requires knowledge of the principles and techniques used to process and disclose financial events in financial statements. In this course, selected ongoing and emerging financial accounting issues are studied with an emphasis on conceptual as well as practical aspects of the question. Examples of topics covered include: accounting for retiree medical costs and pensions, revenue recognition, derivatives and hedging, fair value accounting and audit committee policies and procedures.

ACCT 801 - FRAUD EXAMINATION - 3 credits

This course highlights a number of important controls that prevent fraud and abuse, explores the most common asset theft fraud schemes, and teaches the detective skills needed to determine if inappropriate events have taken place. Additionally, the course defines computer fraud and exposes students to techniques for preventing its occurrence.

ISYS 646 - INFO SYSTEMS AUDIT AND CONTROL - 3 credits

Effective management and monitoring of the information systems control environment is critical to the achievement of business goals. As such, this course provides students with essential knowledge of the concepts and practices of information systems audit and control. This includes an understanding of the fundamentals of auditing, planning and implementation of information systems audits, and the corresponding ability to work in partnership with financial auditors in an assurance engagement. It also includes a detailed understanding of and ability to audit the IT control environment - from operating systems and networks, to application systems and operating procedures. Students also will gain hands-on experience with computer-assisted audit tools and techniques, and will use those tools to conduct tests of system-related processes and data - including fraud investigations.

ACCT 815 - INTERNATIONAL ACCOUNTING - 3 credits

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have made the convergence of their separate standards a major priority. This course will examine the key differences between IFRS and U.S. GAAP. Beginning with an overview of the conceptual frameworks, students will learn how the ISAB and FASB set their respective standards. This will be followed by an exploration of the substantive differences in the standards themselves as well as the ethical implications associated with each of the reporting systems.

ELECTIVES - 6 credits

COURSE SCHEDULE

Course Title Fall Spring

ACCT 811 - ADVANCED FINANCIAL REPORTING

X

 

ACCT 812 - NON-PROFIT AND GOVERNMENTAL ACCOUNTING

X

 

ACCT 813 - ADVANCED COST ACCOUNTING

X

 

ACCT 804 - SEC REPORTING

 

X

ACCT 632 - CONTEMPORARY TOPICS IN FINANCIAL REPORTING

 

X

ACCT 801 - FRAUD EXAMINATION

X

 

ISYS 646 - INFO SYSTEMS AUDIT AND CONTROL

X

ACCT 815 - INTERNATIONAL ACCOUNTING

 

X

ELECTIVE

 X

ELECTIVE

 

X


Note: Candidates for admission to the MAcc program will have successfully completed a minimum of 18 undergraduate credits in accounting.