The Master of Accountancy is approved to accept students to begin graduate study in an updated program in the Fall of 2018. For current information regarding admission, curriculum, and other matters related to the program, please see the department's website and/or contact the Department of Accountancy at 701.777.2921.
FACULTY: Byars, Campbell, De Magalhaes, Dosch, Ellingson, Li, Mocadlo, Notbohm
Degree Granted: Master of Accountancy (MAcc)
The Master of Accountancy (MAcc) degree is a professional graduate degree for individuals with an accounting background seeking advanced study in the discipline of accounting and broader aspects of business. Specifically, the primary goal of the MAcc is to assist in the preparation of professional accountants. Three supporting objectives of the Program are:
- To assist students in dealing with unstructured problems and complex decision making in accounting and business environments;
- To assist students in improving their communications skills in a professional setting; and
- For those who choose to pursue the CPA designation as part of their professional development, assist in their preparation for the CPA examination.
The Program is intended to fulfill expectations of the public accounting profession by providing a graduate option to fulfilling the 150-hour requirement currently in effect in most public accounting jurisdictions, including North Dakota and Minnesota. The MAcc also serves those planning to pursue careers in corporations, private companies, government and nonprofit organizations.
Master of Accountancy (MAcc)
Admission to Approved status requires:
- Applicant must adhere to the UND School of Graduate Studies standards for admission.
- Completion of the Graduate Management Admission Test (GMAT) with a score that equals or exceeds an overall score of 500. In certain circumstances, applicants may substitute the GRE or LSAT for the GMAT.
- An overall grade point average of at least 3.00 in the undergraduate degree program (based on 4.00 scale), or a 3.25 GPA, or equivalent, for the last two years.
- Command of the MAcc foundation (see description below).
Applicants who meet the first three requirements listed above, but who have not met the coursework requirements of the MAcc foundation, may be admitted to Qualified Status.
Applicants who fail to meet the minimum grade point or GMAT requirements, but who otherwise show high potential for success may be considered for admission to Provisional Status with the approval of the Program Director and the Department Chair.
Individuals at UND currently completing their junior year (90 credits) towards an accounting undergraduate degree may apply to the MAcc under combined admission. Combined admission to the MAcc program may be granted to accounting students with a minimum of 90 credits completed and both an overall grade point average of 3.25 (based on a 4.00 scale) and 3.25 GPA average for all courses taken with an accounting prefix completed to the date of application and admission. The GMAT score requirements for combined students are the same as that required for other MAcc students.
Combined admission allows students to more effectively manage their course load. By taking a combination of undergraduate and graduate courses, the student can effectively take a larger course load than by taking only graduate courses. Under combined admission, the applicant will be exempted from in his/her undergraduate program. The MAcc program under combined admission will require a minimum of two years of study.
Individuals being admitted to the MAcc under combined admission are considered graduate students, and are eligible for privileges accorded graduate students. Individuals entering the MAcc under combined admission also receive their undergraduate and graduate degrees in the semester when they complete the requirements of both degrees.
The MAcc Foundation
Applicants must demonstrate command of a core undergraduate curriculum in accounting and business. Command may be demonstrated by the successful completion of the foundation coursework with a 3.0 average GPA (based on a 4 point scale), for all foundation courses completed or attempted, and a grade of ‘C’ or better in each individual foundation course completed. The following courses are required, or may be waived by the MAcc Program Director.
|Elements or Principles of Accounting||6|
|Principles of Management||3|
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|Principles of Finance||3|
The MAcc degree is an accounting program including graduate courses in most of the functional areas of the accounting discipline. The MAcc Program Director is responsible for coordinating all aspects of the program. The MAcc degree program course requirements are:
- A minimum of 32 semester credits of academic work must be completed. The GPA for all courses listed on the Program of Study must be an average of 3.00 or higher. The Program includes 20 semester credits of required coursework, including the ACCT 997 Independent Study (2 credits), and sufficient electives to total 32 semester credits. The required courses are:
ACCT 501 Seminar in Financial Accounting 3 ACCT 504 Seminar in Auditing 3 ACCT 508 Fraud Examination 3 ACCT 509 Accounting Information for Decision and Control 3 FIN 501 Managerial Finance 3 ISBC 517 Advanced Accounting Systems 3 ACCT 997 Independent Study 2 Total Credits 20
- Twelve credits of elective courses are required. At least six credits of these electives must be at the 500 level. Other courses may be substituted by approval of the MAcc Director. Those 300- and 400-level courses taken for graduate credit must be approved for graduate credit by the Graduate Committee, and have a graduate level component included to be considered part of the Program of Study.
- All MAcc students will be required to complete (receive a passing score) a comprehensive final examination, covering the MAcc core curriculum, excluding ACCT 997 Independent Study. The comprehensive final exam must be taken during the semester the student is graduating. The comprehensive final exam will be offered each semester, including summer session. The timing of the comprehensive final will be determined and announced to all MAcc candidates within the first four weeks of each semester. Students will be allowed two attempts to pass the comprehensive final examination. The second attempt will normally be at the next regularly scheduled comprehensive final, but may be at an alternate time established by the Program Director.
Students who have already completed courses similar to those in the MAcc curriculum may be required to choose substitutes from graduate credit offerings listed in the catalog. Substitutions require prior approval of the MAcc Director and the Graduate Dean.
Students can measure progress towards completion of the degree by attaining the following criteria:
- Maintain and complete the degree with a 3.00 or greater cumulative GPA.
- Satisfactory progress towards completion of 32 credit hours contained in the Program of Study.
- Complete ACCT 997 Independent Study.
- Satisfactorily complete the Comprehensive Final Examination.
ACCT 501. Seminar in Accounting Issues. 3 Credits.
Addresses current issues in accounting and develops appropriate professional judgment through researching and applying accounting standards. Prerequisite: Permission of MAcc director. F,S.
ACCT 502. Financial Reporting and Decision Making. 3 Credits.
This course provides an overview of financial accounting terminology and concepts, financial statements, and the financial reporting process. Emphasis is placed on the decision usefulness of financial statement information and the financial reporting process as a means of communicating information about firms. Prerequisite: Successful completion of Ivy Software's "Business Math and Statistics-Graduate" self-paced course or demonstrated equivalent competencies. F,S.
ACCT 503. Advanced Financial Accounting. 3 Credits.
Accounting for inter-corporate investments, business combinations, and other advanced financial accounting topics. Prerequisite: Permission of MAcc Director. F,S.
ACCT 504. Seminar in Auditing. 3 Credits.
Expands understanding of the auditing function and provides a framework for analyzing contemporary auditing and assurance issues. Prerequisite: Permission of MAcc Director. F.
ACCT 506. Accounting Systems. 3 Credits.
This course examines business processes and controls within the context of enterprise resource planning systems (ERP), with an emphasis on the financial cycle. Prerequisite: Permission of MAcc Director. S.
ACCT 507. Advanced Managerial Accounting. 3 Credits.
Functional uses of accounting in management of the enterprise.
ACCT 508. Fraud Examination. 3 Credits.
Focuses on understanding types of fraud as well as collecting and evaluating evidence relating to preventing and detecting frauds. Evidence gathering methods will include the examination of documents, publicly available information, and standard practices for interviews and interrogations. Prerequisite: ACCT 405 or equivalent.
ACCT 509. Accounting Information for Decision and Control. 3 Credits.
Management accounting concepts and their application in internal planning, control, and decision-making. Prerequisite: ACCT 502. F,S.
ACCT 510. Taxation of Individuals. 3 Credits.
This graduate-level course covers federal taxation of individuals. Prerequisite: Permission of MAcc Director. F.
ACCT 511. Taxation of Businesses. 3 Credits.
This graduate-level course covers federal taxation of business organizations. Prerequisite: Permission of MAcc Director. S.
ACCT 512. Accounting for Governments & Nonprofits. 3 Credits.
This course covers accounting for governmental and nonprofit entities, including fund accounting. Prerequisite: Permission of MAcc Director. S.
ACCT 521. Intermediate Financial Accounting I. 3 Credits.
This is a first course in financial accounting for graduate students that has a preparer orientation, but also provides a foundation for analyzing financial statements. Specific content focuses on assets and current liabilities as well as the formats and uses of the primary financial statements. Prerequisite: Permission of MAcc Director. F.
ACCT 522. Intermediate Financial Accounting II. 3 Credits.
This is the second of a two-course in financial accounting for graduate students. The course has a preparer orientation, but also provides a foundation for analyzing financial statements. Specific content includes liabilities, investments, equity, revenue recognition and other topics. Prerequisite: ACCT 521 or Permission of MAcc Director.
ACCT 525. Audit & Assurance Services. 3 Credits.
Examines the role that assurance services play in improving the quality of information and its usefulness for decision making. Materiality and risk assessment are considered along with processes and controls in relation to financial statement audits. Prerequisites: ACCT 522 and ACCT 506, or Permission of MAcc Director. S.
ACCT 526. Advanced Business Law for Accountants. 3 Credits.
Examines legal topics relevant to accountants and financial professionals including securities law, commercial paper, secured transactions, professional liability, corporations and partnerships. Prerequisite: Permission of MAcc Director. S.
ACCT 560. Personal Accountability & Ethics. 3 Credits.
Examines foundations of ethical behavior with an emphasis on personal accountability. Issues, regulations, and cases relevant to accountants and auditors are examined. Approaches for dialogue in the context of ethical issues are introduced. Includes a service project component. Prerequisite: Permission of MAcc Director. F.
ACCT 575. Special Topics. 3 Credits.
Specific topic will vary from offering to offering at the discretion of the department. Prerequisites and/or corequisites may be required depending upon the special topic selected. Course may be repeated up to a total of nine credits with permission of department. Prerequisite: Permission of department. Repeatable to 9 credits.
ACCT 590. Contemporary Readings in Accounting. 2 Credits.
Review of outstanding monographs and other writings in the field of accounting.
ACCT 591. Accounting Research. 1-6 Credits.
Individual student projects designed to develop skills in accounting research.
ACCT 592. Research in Federal Tax. 1-4 Credits.
Research in Federal Income Tax with emphasis on corporations and shareholders. Prerequisite: ACCT 411 or equivalent. Repeatable to 4 credits.
ACCT 593. Research in Business Law. 1-4 Credits.
Individual projects designed to develop basic skills in legal research.
ACCT 597. Graduate Accounting Internship. 1-6 Credits.
Compensated work experience in various areas of accounting. Must follow processes and meet internship requirements of the Department of Accountancy and CoBPA. Repeatable to 6 credits. S/U grading. F,S,SS.
ACCT 996. Continuing Enrollment. 1-12 Credits.
Repeatable. S/U grading.
ACCT 997. Independent Study. 2 Credits.
The independent study requires the student to investigate a topic in accounting and to prepare a formal report satisfactory to the MAcc Program Director.
ACCT 998. Thesis. 1-15 Credits.
Undergraduate Courses for Graduate Credit
ACCT 309. Accounting Information Systems. 3 Credits.
The application of systems design and use from the accountant's perspective. Coverage includes computerized and manual accounting systems, elements of internal control, flowcharting, and the interface of accounting and management information systems. Prerequisites: ACCT 301 and Junior or Senior Standing; declared CoBPA majors only. F,S.
ACCT 312. Fund Accounting. 3 Credits.
ACCT 401. Advanced Accounting. 3 Credits.
Special problems in accounting including consolidated statements, partnerships, and foreign exchange. Prerequisites: ACCT 302; Junior or Senior Standing; declared CoBPA majors only. F,S.
ACCT 403. Contemporary Accounting Theory. 3 Credits.
A study of the emerging issues and the problems facing the accounting profession with special emphasis on the authoritative pronouncements as designated by the American Institute of CPAs and the Financial Accounting Standards Board. S-U grading not allowed. Prerequisite or Corequisite: ACCT 401 or consent of instructor; declared CoBPA majors only. F,S.
ACCT 405. Assurance Services. 3 Credits.
Explores methods of improving the quality of information or its context for decision makers. Examples include assurances on the reliability of financial statements, the processes and controls used to manage and operate businesses, assertions and agreements made to third parties, and regulatory compliance. Prerequisites: ACCT 302, ACCT 309, ECON 210; Junior or Senior Standing; declared CoBPA majors only. F,S.
ACCT 406. Independent Assurance. 3 Credits.
Auditing and assurance theory as applied by independent accountants. Prerequisites: ACCT 405 or consent of instructor; declared CoBPA majors only. S.
ACCT 410. Federal Individual Income Tax. 3 Credits.
Federal income tax relating to individuals to include the more complex tax situations. A computerized individual income tax preparation is used as a part of the course. Prerequisites: ACCT 201; Junior or Senior Standing; declared CoBPA majors only. F,S.
ACCT 411. Business Income Taxation. 3 Credits.
Federal income tax relating to corporations and partnerships. Introduction to estate and gift tax and fiduciary income tax. Prerequisites: ACCT 302; Senior Standing; declared CoBPA majors only. F,S.
ACCT 416. Advanced Business Law. 3 Credits.
Advanced topics and contemporary issues in business law including ethics, legal representation in business, and the impact of selected governmental regulations on businesses. Prerequisites: ACCT 315 and Senior Standing; declared CoBPA majors only. F,S.