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Student enrolled in the Master of Accountancy program

Master of Accountancy (MAcc)

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Admission Requirements

In addition to the general admission requirements and procedures, applicants wishing to be considered for admission to the Master of Accountancy program must have:

1. Bachelor’s Degree
Most programs require:
  • A bachelor’s degree from an accredited college or university
  • Often a degree in:
    • Accounting
    • Business
    • Finance
    • Economics
2. Minimum GPA
Typical GPA requirements:
  • 2.7–3.0 minimum GPA
3. Accounting Prerequisite Courses
MAcc programs require undergraduate accounting coursework such as:
  • Financial Accounting
  • Managerial Accounting
  • Intermediate Accounting
  • Auditing
  • Taxation
  • Cost Accounting
  • Business Law
  • Economics
Students without an accounting degree may need “bridge” or foundation courses before starting graduate classes.
 
4. GMAT or GRE Scores
  • GMAT (Graduate Management Admission Test)
  • or GRE
However, our university now waive these exams if applicants have:
  • Strong GPA
  • Accounting degree from an accredited school
  • CPA certification
  • Professional experience
5. Transcripts
Applicants must submit:
  • Official college transcripts
  • Academic records from all colleges attended
6. Resume & Personal Statement
  • Professional resume
  • Statement of purpose or personal essay explaining:
    • Career goals
    • Interest in accounting
    • Leadership or work experience
7. Letters of Recommendation
1–3 recommendation letters are required from:
  • Professors
  • Employers
  • Professional supervisors
8. English Proficiency (International Students)
International applicants may need:
  • TOEFL
  • IELTS
  • or Duolingo English Test scores

Program Objectives

  • Provide students with an understanding of the conceptual basis of current accounting practice and the requisite financial and economic understanding and quantitative skills necessary to practice accounting.
  • Expand students’ skills in communicating accounting knowledge. Both written and oral communication skills will be improved.
  • Broaden students’ awareness of ethical problems that may be countered and of the importance of professional ethics to the accountant’s role in society.
  • Develop the student’s ability to conduct research in the relevant accounting literature.
  • Encourage professional socialization to provide students with a strong personal sense of identification with the accounting profession, awareness of their social responsibilities, and acceptance of the personal discipline needed to be productive members of the profession.

Program Outline:

Course Number Course Name Academic Engagement Hours Total Semester Credits
Required Courses - 21 Semester Credits
Semester I – Term A
ACCT 5010 Accounting Theory 45 3
ACCT 5011 Financial Statement Analysis 45 3
Semester I – Term B
ACCT 5012 Advanced Financial Accounting and Reporting 45 3
ACCT 5731 Accounting Information and Control Systems 45 3
Semester II – Term A
ACCT 5743 Advanced Issues in Auditing 45 3
ACCT 5744 Regulatory Issues for Accountants 45 3
Semester II – Term B
Plus select one elective course.
ACCT 5753 Fund Accounting 45 3
Select Five (5) Elective Courses – 15 Semester Credits
Semester III – Term A, Select Two (2) Courses
Semester III – Term B, Select Two (2) Courses
ACCT 5721 Research in Accounting Ethics and Professional Responsibility 45 3
ACCT 5731 Accounting Information and Control Systems 45 3
ACCT 5733 Advanced Managerial Accounting I 45 3
ACCT 5735 Controllership 45 3
ACCT 5736 Internal and Operational Auditing 45 3
ACCT 5756 International Accounting 45 3
ACCT 5798 Financial Accounting Research 45 3
ACCT 5781 Business Law I 45 3
TXX 5761 Taxation of Individuals 45 3
TXX 5762 Taxation of Corporations and Partnerships 45 3
TXX 5763 Tax of Estates, Trusts & Gifts 45 3
TXX 5764 Taxation of Pensions and Profit-Sharing Plans 45 3
TXX 5765 Tax Policy 45 3
TXX 5766 US Taxation of International Transactions 45 3
TXX 5767 IRS Practice and Procedure 45 3
TXX 5768 Real Estate Taxation 45 3
TXX 5769 Tax Planning & Research 45 3
TXX 5770 Taxation of Exempt Organizations 45 3
TXX 5771 Taxation of Limited Liability Companies and Sub-Chapter S Corporations 45 3
TXX 5772 Special Topics in Taxation: 45 3
TXX 5772 Special Topics in Taxation 45 3
TXX 5773 State and Local Taxation 45 3
TXX 5774 Fiduciary Income Taxation 45 3
TXX 5775 Taxation of Distressed Entities 45 3
TXX 5776 Comparative International Taxation 45 3
Total: 540 36

Course Description:

This course serves as the first graduate course students take in the Master of Accounting program. This course studies the generally accepted accounting principles (GAAP) as they affect today’s practitioners. The theoretical structures of accounting for assets, income definition, recognition and measurement of income, influence of professional standards, and the future of the profession are examined.
A review of financial statements for fairness and completeness in reporting. Focus is on the analysis of financial statements and related footnotes from the standpoint of the different users of financial reports.
This course will examine contemporary issues and developments in financial accounting and reporting, as well as reviewing underlying fundamental concepts. The course will use a comprehensive financial accounting and reporting case to apply the concepts and applications discussed in class.
This course is a comprehensive review of finance, economics, IT, and managerial topics tested on the BEC section of the CPA exam. The course is an intensive review designed to facilitate the successful completion of the BEC section of the CPA exam.
This course is an intensive review of advanced topics in audit practice, particularly as they apply to governmental entities. The course will be primarily case-driven. The case will require the application of basic and advanced auditing tools to solve decision-based problems for both profit and nonprofit entities.
The course covers topics found in business law and taxation courses. The course is an intensive review designed to facilitate the successful completion of the Regulation section of the CPA exam.
An in-depth exposition of the current standards and specialized accounting practices of state and local governments, school systems, colleges, universities, and hospitals.
This course reviews relevant research on the available choices, dilemmas, and accepted solutions found in accounting practice. It begins with the psychological, social, and other theories used to predict human behavior and applies them to the AICPA Code of Professional Conduct and other codes of accounting practice.
Focuses on the design, implementation, and evolution of accounting information systems with emphasis on the internal control implications of EDP systems.
An advanced-level discussion of variance analysis, cost allocation, transfer pricing, and the use of modeling to solve business problems.
A seminar on the function of financial controllers, including their role in planning, controlling, reporting, and administering today’s business environment.
This course investigates the duties and responsibilities of the internal auditor and emphasizes those of operational auditing.
Focus is on the evolution of the international dimensions of accounting and national differences in accounting thought and practice, problems, and issues.
Students will be exposed to research tools used by accounting professionals, including, but not limited to, the new codified FASB pronouncements and IFRS statements.
Introduces and amplifies the major legal requirements that will be encountered by the professional accountant. Topics will include the Uniform Commercial Code, contracts, and the legal liability and responsibilities of agencies and accountants.
An in-depth analysis of the federal income tax structure, use of tax services, and the concept of taxable income for individuals.
A continuation of the study of the federal income tax structure, use of tax services, and the concept of taxable income as it relates to corporations and partnerships.
Advanced study of, and research in, tax law with emphasis on estate, trust, and gift taxes.
The course looks at the federal tax advantages of pensions and profit-sharing plans, with emphasis on ERISA.
A study of tax issues, particularly those pertinent to individual and corporate taxes. This course focuses on the purposes of taxation and the development of tax systems.
International Taxation: This course surveys the U.S. income tax on foreign-earned income. The taxation methods of other countries are also examined.
This course introduces the student to the structure, organization, practices, and procedures of the Internal Revenue Service. The course is intended to give students an understanding of the organizational makeup of the Internal Revenue Service and the authority of its various employees.
Examines the tax consequences of owning real estate, including the ownership and operation of real property; sales, conversions, foreclosures, leases, and abandonments; tax aspects of financing; real estate investment trusts; and real estate holding companies.
This course is an in-depth study of the tax-planning process and research tools that are available to both the professional business manager and tax practitioner.
Examines and applies section 501c of the Code. Covers tax planning for charitable contributions, trusts, gifts, and bargain sales. Compare the taxation of exempt organizations with for-profit entities.
Examines the use of S Corporations versus other forms of business entities. Issues such as eligibility, election, revocation, and termination are discussed.
This course builds upon topics taught throughout the required Master of Tax curriculum and delves into advanced problems in these areas, as well as key topics from elective courses, as deemed appropriate.
This course introduces the student to the fundamentals of state and local taxation. The course is not intended to make the student technically proficient in all areas of state and local taxation, but rather, it surveys the taxes that states generally impose on their citizens, corporations, and other entities.
Fiduciary Income Taxation covers the income taxation of trusts, estates, and their beneficiaries; the quasi-conduit approach of Subchapter J; distributable net income and the distribution deduction; in kind distributions; post-mortem planning; funding of marital deduction trusts; basis to beneficiaries; income in respect of a decedent; grantor trusts; trusts for minors; charitable trusts; and the effects of the uniform income and principal act.
Examines the relationship between tax and bankruptcy law in the bankruptcies of business entities. This course includes the consequences of cancellation and modifications of indebtedness; the priority and discharge of tax claims; and the tax aspects of reorganizations and restructuring of distressed businesses.
The objective of the course is to broaden knowledge in the field of international taxation by introducing the student to the study of comparative foreign tax systems. The coverage is wide-ranging, touching on several countries and substantive categories of taxes as well as procedural aspects. While the income tax will be stressed, value-added tax (VAT) will also be discussed.

Total Credits Hours

36

Disclaimer: Ember University, P.C reserve the right, because of changing conditions, to make modifications of any nature in academic programs and requirements of the university and its constituent colleges without advance notice. Students are advised to consult regularly with an academic advisor concerning their programs of study.
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