Program Overview

Master of Accounting Program

The Master of Accounting (MAC) program is designed to provide students with a comprehensive education in accounting, preparing them for successful careers in the field.

Course Transfers

Admitted students may be eligible for course transfers to reduce their total credit requirement. The program allows students to transfer up to 14 credit hours towards select Master of Accounting courses.

• Introductory Finance (MAC 718/MBA 772/BUSI 408)
  • Time Value of Money
  • Bond, Stock, Project, and Firm Valuation
  • Risk and Return
  • Performance Analysis and Financial Forecasting
  • Capital Budgeting
• Federal Income Tax (MAC 745)
  • Sources of Tax Law
  • Taxable Income for Business Operations
  • Property Acquisition and Cost Recovery Deductions
  • Property Dispositions
  • Nontaxable Exchanges
  • Entities Overview
  • Individual Tax Formula
  • Compensation and Retirement
  • Investments and Personal Finance
  • Personal Activities
• Auditing and Assurance Services (MAC 730)
  • Risk, Evidence, and Materiality
  • Internal Controls
  • Auditing the Revenue Cycle
  • Auditing Cash
  • The Auditor’s Responsibility Regarding Fraud
  • Auditing the Acquisition and Expenditure Cycle
  • Completing the Audit and Audit Reporting
  • Auditor’s Code of Professional Conduct
  • Audit Standards and the Phases of the Audit Process
• Managerial Accounting (MAC 720/MBA 734A)
  • Cost Structure and Organizational Architecture
  • Decentralization, Responsibility Centers, and Transfer Pricing
  • Budgeting
  • Balance Scorecard
  • Relevant Costs
  • Opportunity Costs
• Strategic Cost Accounting (MAC 888/MBA 734B)
  • Cost Allocation
  • Death Spirals, Service Departments, and Joint Costs
  • Product Costing
  • Activity-Based Costing (ABC)
  • Time-Driven ABC and Activity Based Budgeting
  • ABC and Customer Profitability
• Advanced Spreadsheet Modeling* (MAC 707/BUSI 520)
  • Statistical Analysis Tools
  • Effective Data Display
  • Locating and Managing Data with Reference Functions
  • Organizing Data for Complex Analysis
  • Performing What-If analyses with Data Tables and Scenarios
  • Enhanced Decision Making with Goal Seek and Solver
  • Troubleshooting and Customizing Workbooks with Visual Basic Programming

How it Works

• Students may transfer in a maximum of 14 credit hours towards their MAC degree.
• Transfer credit hours are applied only to the courses listed above.
• All students are required to complete 20 accounting-focused credit hours through the MAC Program to earn their degree.
• Various minimum standards ensure that transfer credits are awarded in accordance with past academic success.

Submission Requirements

• Students must meet the minimum standards to qualify for transfer credit based on previous coursework:
  • Completed the course, or a more advanced version of this course, in the past five years.
  • Earned a grade of B or better in the course.
  • Took the course at an accredited school.
• Submitted transcripts and syllabi must be in English.
• If translated documents are submitted, the original documents and documentation certifying the translation must also be provided.

Core Courses

• Financial Reporting A (4 credits)
• Auditing and Assurance Services (4 credits)
• Financial Reporting B (4 credits)
• Federal Income Tax (4 credits)
• Financial Reporting C (4 credits)
• Managerial and Cost Accounting (4 credits)
• Data Analytics for Accountants (2 credits)

Audit Concentration

• Applied Audit (2 credits)
• Information Management & Analytics Technology for Accountants (2 credits)
• Advanced Auditing (2 credits)
• Accounting for Mergers and Acquisitions (2 credits)

Tax Concentration

• International Tax (2 credits)
• Taxation of Flow-Through Entities (2 credits)
• Corporate Tax Strategy (2 credits)
• Tax Research (2 credits)
• Financial Analysis & Reporting Concentration Accounting for Mergers & Acquisitions (2 credits)
• Financial Statement Analysis (4 credits)
• Corporate Tax Strategy OR Information Management & Analytics Technology for Accountants (2 credits)

Electives

• Financial Statement Analysis (4 credits)
• Governmental Accounting (2 credits)

Important Notes

1. Elective courses, the Leadership Immersion, and any core courses other than those listed cannot be waived.
2. Concentration courses are rarely waived and require special approval by the Associate Dean.
3. If a concentration course is waived, students will need to take additional elective courses to replace the waived credits.
4. If a course waiver is granted, students may not take that course to fulfill any additional program requirements.