The Master’s Degree
The master’s degree provides advance course work in various accounting topics, research methods, and data analytics, as chosen by the student based on his or her objectives. The MA degree enables students to achieve professional careers in accountancy, as well as to assume leadership roles in both the public and private sectors. It also serves students who wish to meet the 150-hour requirement to sit for the CPA examination.
Students can be admitted conditionally until all admissions requirements are met. Students receiving financial aid must be fully admitted after one year in order to maintain their eligibility.
Applicants must complete the following course work:
- introductory courses in financial and managerial accounting,
- college math through business calculus1,
- principles of economics (micro and macro),
Although the GMAT is not required for admission to the ACC MA program, MAT 113 will be waived if proof of a GMAT score is provided which reflects results above the 90th percentile in the quantitative section. The GMAT must have been taken within the last five years.
Students interested in sitting for the Illinois CPA examination should be aware of the Illinois Board of Examiners’ requirement of 24 hours of business courses and specific course requirements comprising the required 150 hours. Further information about the exam can be found at http://www.ilboe.org/.
New students must contact the department for initial advising to plan a program of study that satisfies degree requirements and reflects their interests. Students are also required to access the Degree Audit System throughout their college career to verify that degree requirements are being met.
An overall GPA of 3.0 is required in degree-required courses to earn the master’s degree in Accountancy.
NOTE: Students also should refer to the campus policy on Grades Acceptable Toward Master’s Degrees section of this catalog.
The following undergraduate Accountancy courses or their equivalents are required prerequisites:
& ACC 322
& ACC 324
|Intermediate Financial Accounting I
and Intermediate Financial Accounting II
and Intermediate Financial Accounting III (or equivalent)
|ACC 335||Accounting Information Systems (or equivalent)||3|
|ACC 433||Intermediate Managerial Accounting (or equivalent)||3|
|ACC 443||Federal Income Taxation (or equivalent)||3|
|ACC 464||Auditing Concepts and Responsibilities (or equivalent)||3|
An overall GPA of 2.70 in Accountancy prerequisite courses is required for full admittance into the master’s degree program.
|Required Accounting Courses|
|ACC 523||Advanced Financial Accounting||3|
|ACC 524||Advanced Auditing||3|
|ACC 544||Advanced Corporation and Partnership Taxation||3|
|ACC 563||Commercial Law I||3|
|ACC 583||Accountancy Capstone||3|
|Graduate Accountancy Electives|
|Options include any 500-level ACC course except ACC 509, ACC 501, ACC 502, and ACC 504 2||9-12|
|Graduate Business and Administrative Topics|
|Options include any 500-level BUS (except BUS 501), ACC 501, ACC 502, ACC 504, MGT, and/or MIS course, or any 500-level PAD or HMS course approved by the ACC department||3-6|
ACC 509 is a core requirement for the MBA program and is not accepted as meeting requirements toward the Accountancy graduate degree. ACC 501, ACC 502, and ACC 504 fulfill Business and Administrative Topics despite the ACC prefix.
Students must satisfy all UIS requirements and complete ACC 583 Accountancy Capstone. University policy requires students who do not complete ACC 583 in one semester to enroll in ACC 584 Accountancy Capstone Continuing Enrollment (zero credit hours, one billable hour) each fall and spring semester until the capstone course requirements are met.