- Five-Year (150-Hour) Professional Accounting Program
- Master of Accountancy
- Doctor of Philosophy in Business Administration with an Emphasis in Accounting
The mission of the Department of Accounting is to advance accounting knowledge and practice through excellence in accounting education, high-impact research, and relevant continuing education and professional outreach activities that serve the constituents of the department in the state, nation, and globally.
All graduate programs in Accounting are separately accredited by AACSB International—The Association to Advance Collegiate Schools of Business—and conform to recommended guidelines.
The Five-Year Professional Accounting Program is a 3/2 degree program. Undergraduate accounting majors should apply for admission to the program during the second semester of their junior year (the semester in which they are taking Intermediate Accounting II). Once admitted, these students are allowed to take graduate courses while, technically, undergraduate students. Students admitted to the 150-hour program will be reclassified from undergraduate to graduate student status when they have completed 120 semester credit hours of coursework toward their degree. In this program, the degree plan for the Bachelor of Business Administration (B.B.A.) in Accounting is combined with that of the Master of Accountancy (MACY). The advantage of the program is that it allows accounting majors to spread the graduate courses required for the MACY degree over the fourth and fifth years of the 150-hour program. Upon successful completion of the 150-hour program, students will be simultaneously awarded the B.B.A. in Accounting and the Master of Accountancy degrees.
Admission Criteria: To be admitted to the Five-Year (150-Hour) Professional Accounting Program, students must meet the following criteria:
- be a declared accounting major
- have an overall grade point average of 3.0, a grade point average of 3.0 in accounting courses taken, and an acceptable score on the Graduate Management Admission Test (GMAT)
- have completed a minimum of 6 semester credit hours of upper-level undergraduate accounting courses including ACC 3023 Intermediate Accounting I.
In addition, the student must have completed at least 12 semester credit hours of upper-level undergraduate accounting courses by the end of the first semester following admission into the program.
The Master of Accountancy (MACY) degree is designed to accommodate applicants with a degree in any field. Applicants must complete the equivalent of a B.B.A. degree in accounting from an accredited institution or must enroll in the MACY core courses plus certain accounting courses set out by the Coordinator of Graduate Programs in Accounting. Students whose background is in business but who have completed MACY core courses or their equivalents seven or more years before entering the program may be required by the MACY Admissions Committee to successfully complete or test out of the MACY core courses. MACY core courses may be taken simultaneously with the MACY requirements, subject to course prerequisites and approval of the Coordinator of Graduate Programs in Accounting.
Program Admission Requirements. In order to be unconditionally admitted to the MACY program, applicants must meet University-wide graduate admission requirements. In addition, applicants are considered on the basis of demonstrated potential for success in graduate study in accounting and/or taxation as indicated by a combination of prior academic achievement, Graduate Management Admission Test (GMAT) scores, a personal statement, and other relevant factors.
A completed set of application material will include the following:
- completed application form
- transcripts from all universities attended
- official Graduate Management Admission Test (GMAT) scores
- a personal statement
- a current résumé with data regarding employment and other relevant experience (optional)
- letters of reference (optional).
Applicants are evaluated by the MACY Admissions Committee based on the above set of application materials. Those who do not meet the requirements for unconditional admission may be considered for admission on a conditional basis. Admission deficiencies, which do not count toward degree requirements, must be removed before enrolling for the last semester before graduation.
The following MACY core courses or their equivalents are required for students with undergraduate curriculum deficiencies; however, no credit for these courses will count toward the MACY degree requirements:
ACC 2013 Principles of Accounting I
ACC 2033 Principles of Accounting II
ACC 3023 Intermediate Accounting I
ACC 3033 Intermediate Accounting II
ACC 3043 Federal Income Taxation
ACC 3113 Accounting Information Systems
ACC 4013 Principles of Auditing
BLW 5003 Legal Environment of Business
ECO 5003 Economic Theory and Policy
FIN 3014 Principles of Business Finance
IS 5003 Introduction to Information Systems
MGT 5003 Conceptual Foundations of Management
MKT 5003 Introduction to Marketing
MS 5003 Quantitative Methods for Business Analysis
Degree Requirements. The minimum number of semester credit hours required for this degree, exclusive of coursework or other study required to remove admission deficiencies, is 30.
All candidates must complete the following:
- Theoretical Foundations (6 semester credit hours):
ACC 6003 Managerial Accounting Theory
ACC 6013 Financial Accounting Theory
- Disciplinary Focus. 12 semester credit hours of graduate electives in accounting or taxation, approved by the Coordinator of Graduate Programs in Accounting. Students may choose to focus their graduate study in one of four different areas through their choice of these 12 hours. Focus areas include taxation, audit services, financial accounting and managerial accounting. See the graduate advisors or the Coordinator of Graduate Programs in Accounting to discuss these options.
9 semester credit hours of graduate electives in accounting, taxation, finance, or information systems approved by the Coordinator of Graduate Programs in Accounting.
- Accounting Capstone (3 semester credit hours):
ACC 6993 Integrative Seminar in Accounting
(Students who earn a grade of “B” or better in this course will satisfy the comprehensive examination requirement.)
The College of Business offers opportunities for advanced study and research leading to the Doctor of Philosophy degree in Business Administration with an emphasis in Accounting. See page xx of this catalog for a detailed description of the general requirements for the Ph.D. degree. The Doctoral Studies Committee of the Department of Accounting will advise students admitted to the program who pursue a Ph.D. in Business Administration with an emphasis in Accounting.
To satisfy the Major Area Coursework for the accounting emphasis, a student must complete 12 semester credit hours chosen from Ph.D. level courses and 6 hours of directed electives.
- Ph.D. level courses (12 semester credit hours chosen from the following):
ACC 7013 Seminar in Empirical Research in Accounting
ACC 7023 Seminar in Behavioral Research in Accounting
ACC 7053 Current Topics in Accounting Research
ACC 7113 Seminar in Financial Accounting Theory
ACC 7123 Seminar in Managerial Accounting Theory
- Directed Electives (6 semester credit hours):
ACC 7043 Archival-Based Research Methods in Accounting
Graduate-level course in major area as approved by the Doctoral Studies Committee.