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Master of Accountancy
The Master of Accountancy (MAcc) program at AUM offers a rigorous graduate school experience for students who want successful accounting careers in private practice, government, business, and nonprofit organizations. The degree is designed to develop the dynamic skill sets required for an accounting professional in strategic leadership positions. It also serves as preparation to sit for the Uniform CPA examination.
The program curriculum includes 12 credit hours of required courses and 18 credit hours of electives. This allows you to dive more deeply in specific areas of interest such as auditing, tax, forensic accounting and others. While some courses are offered online (or in a hybrid format), most of them are offered at night—which is convenient for working professionals who want to complete this degree on a part-time basis.
MAcc admission requirements include an undergraduate degree in accounting from an accredited college or university. However, if you do not have a degree in accounting, you can still qualify for admission into MAcc by completing all prerequisite accounting courses. See the graduate catalog for more detail.
Students in the Master of Accountancy program, in consultation with the MAcc advisor, can plan their course of studies to participate in the CPA review course that allows them to sit for the exam while in the MAcc program. A number of students have been successful in passing the CPA exam by the time they have completed the Master of Accountancy at AUM.
Our differences are our strengths!
AUM is honored to have received many national and regional awards over the years. U.S. News & World Report named AUM one of its Top Public Schools for 2021, and Yahoo! Finance honored us as one of the Most Affordable Universities for 2021.
We think a high-quality, graduate education should be affordable. Tuition rates for many of our programs are lower than at comparable universities. In addition, scholarship or other kinds of tuition assistance may be available.
AUM offers a close-knit community where students and faculty get to know each other by name and develop valuable professional networks. We are able to keep class sizes small to facilitate group projects and personalized learning.
We understand that one of the main reasons you are here is to expand your career options. That’s why our programs are practical and often apply to your current work situation. You’ll also have the opportunity to get valuable career assistance.
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Tuition at AUM is one of the most affordable in the state. The department awards scholarships to new and continuing students who meet certain requirements. Some research assistantships are also available.
If you do not have an undergraduate degree in accounting from an accredited college or university, you can still qualify for admission into MAcc by completing all prerequisite accounting courses.
In consultation with the MAcc advisor, you can plan your course of study to participate in the CPA review course that allows you to sit for the exam while in the program. So it is possible to pass the CPA exam by the time you have completed the MAcc.
Rewarding Occupations and Job Growth
With this master’s degree, you have many career possibilities. Here is a sampling of the future job growth and salaries according to the U.S. Bureau of Labor Statistics (or another source, if noted).
|Career/Job Title||Entry-Level Education Requirements||Job Growth 2020 - 2030||Annual Median Salary|
|Accountants and Auditors||Bachelor’s degree||7% (As fast as average)||$77,250|
|Financial Manager||Bachelor’s degree||17% (Much faster than average)||$131,710|
|Chief Executive||Master’s degree||Not available||$179,520|
Note: Salaries vary depending on several factors including your level of experience, education, training, demographics, and industry. Available data represents job titles across industries and may not be specific to your job category.
Contact the School of Accountancy for a current listing of courses required to complete this program.
|Course #||Course Name||Course Description|
|Required Core Courses (12 credit hours total)|
|ACCT 6230||Advanced Managerial Cost Accounting||Advanced theories and methods of cost accumulation, allocation and control with emphasis on internal decision making and critical firm analysis.|
|ACCT 6450||Auditing II||Examines selected external auditing topics in-depth, and other professional services performed by CPAs, including relevant professional standards.|
|ACCT 6750||Financial Accounting Theory||A study of the current issues of Generally Accepted Accounting Principles (GAAP) with emphasis on current corporate reporting practices domestically and internationally.|
|ACCT 6800||Financial Analysis Integrated Business Concepts||A capstone course for graduate students utilizing the applied research process in the performance of a comprehensive business analysis including the unique accounting and auditing issues of specific industry assignments.|
|Electives (choose 6 courses - 18 credit hours total)|
|ACCT 5130||Advanced Financial Accounting||Advanced accounting theories and methods, consolidation of financial statements and other special problems.|
|ACCT 5320||Taxation of Business Entities||Specialized tax determination problems of partnerships, corporations, estates, and trusts. Additional emphasis on tax research and compliance.|
|ACCT 5510||Governmental & Nonprofit Accounting and Financial Reporting||A study of accounting and financial reporting principles and practices for govermental entities.|
|ACCT 6210||Advanced Accounting Information Systems||A studyy of accounting applications, cyber security, and privacy concerns when evaluating accounting systems, process and internal procedures.|
|ACCT 6330||Research in Federal Taxation||A study of tax research procedures, documentation of research and presentation of research findings through in-depth examination of selected current topics in individual, partnership, corporate and estate and gift taxation.|
|ACCT 6460||Advanced Topics in Fraud and Forensic Accounting||Advanced topics/special topics on fraud and forensic accounting.|
|ACCT 6470||Seminar in Auditing||Case studies covering fraud and other illegal acts, auditor legal liability, auditor independence, professional ethics and other current issues in auditing.|
|ACCT 6520||Government Auditing and Internal Control||A study of governmental internal controls (Green Books), government auditing standatds (GAGAS) and the Single Audit Act.|
|ACCT 6530||Government Budgeting & Performance Reporting||A study of governmental budgeting performance reporting, and public accountability practices.|
|ACCT 6540||Advanced Topics in Government Accounting, Auditing and Budgeting||In-depth coverage and discussion of currently relevant governmental accounting, auditing, and budgeting topics. Students will further develop their analytical, decision-making, and written communication skills by learning about specific governmental financial management topics in detail and then studying for the Certified Government Financial Manager certification exam utilizing the Association of Government Accountants study guides.|
|ACCT 6610||Accounting & Auditing for NFP Organizations||Nonprofit accounting, financial reporting, related ethical issues and the Single Audit Act.|
|ACCT 6810||CPA Review Course||This course is for MAcc students seeking CPA. This course requires co-enrollment in an independent professional certification review course designated by the AUM School of Accountancy.|
|ACCT 6924||Internship in Accounting||Provides students with the opportunity to gain valuable insight through practical finance experience so they may better correlate their academic experience with a professional, real-world environment. Business or major elective credit.|
|ACCT 6970||Special Topic||Variable content within the classroom setting.|
College of Business
Official Degree Name
Master of Accountancy
This degree requires students to meet on campus. Students in these courses enroll in a program to connect in a campus setting and to collaborate using a variety of technological and educational tools. Professors play an inspirational role in building relationships among teams and individuals in this setting. The criteria for many programs can only be met with In-Class coursework. Be sure to check with your advisor to understand the best route to take.