Master of Accounting Degree

(Alternating Weekends and Online)


Master of Accounting Degree Professor John Sennetti
John Sennetti, Ph.D. - Professor of Accounting, Auditing, and Information Systems; Ph.D., Virginia Tech. Auditing and ethics.

There is a growing demand for highly trained accountants who can guide their organizations through the volatile economic environment that exists globally today. Professionals in accounting do not merely report financial positions — they create economic value.

The objective of this unique curriculum is to enhance the knowledge and skills of accounting professionals and prepare entry-level students for a career in accounting, allowing both to attain the Certified Public Accountant (CPA) credential. Meeting all CPA requirements, the Master of Accounting program will prepare you to enter or further your current career as a professional accountant in financial institutions, government, industry, nonprofit organizations, and public practice.

Program Features:
  • Courses offered alternating weekends on the main campus and online.
  • Designed for working professionals in the field of accounting.
  • Students with limited accounting experience can complete foundation course requirements online.
  • Program can be completed in as little as 18 months.
  • Program begins four times annually with starts in October, January, April, and July.
  • Features professional competency in Value Driven Management.
  • 40 credit hours
Prepare for the CMA Exam
The Hudson Center of Entrepreneurship and Executive Education offers two convenient courses mirroring the two parts of the exam.
Learn More

Curriculum Guide  arrowtop

Total credits: 40

Foundation Courses:

ACTP 5001 Introductory Accounting  
ACTP 5004 Cost Accounting  
ACTP 5006 Intermediate Accounting I  
ACTP 5007 Intermediate Accounting II  
ACTP 5008 Intermediate Accounting III  
ACTP 5009 Advanced Accounting  
ACTP 5010 Auditing  

Online Students Only:

ACTP 5711 Internet Technology  

Required of all students who have not completed an accounting course within 5 years (online course):

ACTP 5712 Accounting Principles Review  

Disciplinary Courses (Required):

ACT 5713 Accounting Theory  
ACT 5725 Financial Statement Analysis  
ACT 5741 Financial Accounting and Reporting Review  
ACT 5742 Business Environment and Concepts Review  
ACT 5743 Auditing CPA Review  
ACT 5744 Regulation CPA Review  
ACT 5753 Fund Accounting  

Elective Courses:

select 7 (21 total credits)

ACT 5717Forensic Accounting
ACT 5721Research in Accounting Ethics and Professional Responsibility
ACT 5731Accounting Information and Control Systems
ACT 5733Advanced Managerial Accounting I
ACT 5735Controllership
ACT 5736Internal and Operational Auditing
ACT 5756International Accounting
ACT 5798Financial Accounting Research
ACT 5781Business Law I
ACT 5782Business Law II
TXX 5761Taxation of Individuals
TXX 5762Taxation of Corporations and Partnerships
TXX 5763Taxation of Estates, Trusts, and Gifts
TXX 5764Taxation of Pensions and Profit-Sharing Plans
TXX 5765Tax Policy
TXX 5766U.S. Taxation of International Transactions
TXX 5767IRS Practice and Procedure
TXX 5768Real Estate Taxation
TXX 5769Tax Planning and Research
TXX 5770Taxation of Exempt Organizations
TXX 5771Taxation of Limited Liability Companies and Sub S Corporations
TXX 5772Special Topics in Taxation
TXX 5773State and Local Taxation
TXX 5774Fiduciary Income Taxation
TXX 5775Taxation of Distressed Entities
TXX 5776Comparative International Taxation

Students must meet Foundation course requirements prior to enrolling in Master's level study. If you have not completed these courses, they are available online. Contact Us for additional information or proceed to our Application for Admission.

Current students: Please consult your Academic Advisor for program requirements or access SharkLink for your CAPP report. Program requirements are subject to change, and your Academic Advisor or CAPP report can provide you with the courses required for your catalog term.

Course Descriptions  arrow top

Full-Time professionals are available to discuss the Master of Accounting curriculum with you in greater detail. Simply call 800.672.7223 Ext. 25168 or contact our Enrollment Services Staff.

ACT 5713     Accounting Theory  (3 cr.)

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. Prerequisite: ACT 5741.

ACT 5715     Emerging Auditing Technologies  (3 cr.)

This course focuses on the assurances given to financial statements and other documents by the independent auditor in the context of auditing organizations and their business strategies. It compares the traditional, AICPA independent auditing procedures to those found in the emerging new audit review process model. Prerequisite: ACT 5743.

ACT 5717     Forensic Accounting  (3 cr.)

This course covers deceptions that are reported or implied in accounting records. The topics that are part of this course include fraud auditing, legal proceedings, being an expert witness, and the professional responsibilities of the CPA. Prerequisite: ACT 5743.

ACT 5721     Accounting Professional Ethics  (3 cr.)

This course reviews the research on moral development and ethical choices, their dilemmas and accepted solutions for accounting professionals. It reviews the psychological, social, and other theories used to predict human choices and applies them to the current practice and environments of public and corporate accounting. Prerequisite: Completion of all program prerequisite courses.

ACT 5725     Financial Statement Analysis  (3 cr.)

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. Prerequisite: ACT 5741.

ACT 5731     Accounting Information and Control Systems  (3 cr.)

Focuses on the design, implementation, and evolution of accounting information systems with emphasis on the internal control implications of EDP systems. Prerequisite: Completion of all program prerequisite courses.

ACT 5733     Advanced Managerial Accounting I  (3 cr.)

An advanced-level discussion of variance analysis, cost allocation, transfer pricing, and the use of modeling to solve business problems. Prerequisite: Completion of all program prerequisite courses.

ACT 5735     Controllership  (3 cr.)

A seminar on the function of financial controllers, including their role in planning, controlling, reporting, and administering today's business environment. Prerequisite: ACT 5733.

ACT 5736     Internal and Operational Auditing  (3 cr.)

A seminar that investigates the duties and responsibilities of the internal auditor with an emphasis on operational auditing. Prerequisite: ACT 5743.

ACT 5741     Financial Accounting and Reporting Review  (3 cr.)

This course is a comprehensive review of accounting and reporting topics including topics from intermediate, advanced, and cost accounting courses. The course is an intensive review designed to facilitate the successful completion of the FAR section of the CPA exam. Prerequisite: Completion of all program prerequisite courses.

ACT 5742     Business Environment and Concepts Review  (2 cr.)

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. Prerequisite: Completion of all program prerequisite courses.

ACT 5743     Auditing CPA Review  (3 cr.)

This course is an intensive review of all auditing topics. The course covers topics typically covered in basic and advanced auditing classes. The course is an intensive review designed to facilitate the successful completion of the auditing section on the CPA exam. Prerequisite: Completion of all program prerequisite courses.

ACT 5744     Regulation CPA Review  (2 cr.)

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. Prerequisite: Completion of all program prerequisite courses.

ACT 5750     eCommerce Accounting  (3 cr.)

This course is an interdisciplinary course that incorporates concepts from accounting, computer science, management, and business law. The focus is on the accountant's role in electronic commerce including such topics as EDI, security considerations, third party assurance services, and the eCommerce legal environment. Prerequisite: Comple.

ACT 5753     Fund Accounting  (3 cr.)

An in-depth exposition of the current standards and specialized accounting practices of state and local governments, school systems, colleges, universities, and hospitals. Prerequisite: Completion of all program prerequisite courses.

ACT 5756     International Accounting  (3 cr.)

Focus is on the evolution of the international dimensions of accounting and national differences in accounting thought and practice, problems, and issues. Prerequisite: Completion of all program prerequisite courses.

ACT 5798     Financial Accounting Research  (1 cr.)

This course provides the skills necessary to conduct research to be used in problem solving.

ACT 5781     Business Law I  (3 cr.)

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. Prerequisites: completion of all program prerequisites.

ACT 5782     Business Law II  (3 cr.)

A continuation of MGT 5781, this course will advance student's knowledge in the area of business law as it applies to accounting. Prerequisite: MGT 5781.

TXX 5761     Taxation of Individuals  (3 cr.)

Taxation of Individuals: An in-depth analysis of the federal income tax structure, use of tax services, and the concept of taxable income for individuals. Prerequisites: completion of all program prerequisites.

TXX 5762     Taxation of Corporations and Partnerships  (3 cr.)

Taxation of Corporations and Partnerships: 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. Prerequisite: TXX 5761.

TXX 5763     Tax of Estates, Trusts & Gifts  (3 cr.)

Taxation of Estates, Trusts, and Gifts: Advanced study of, and research in, tax law with emphasis on estate, trust, and gift taxes. Prerequisite: TXX 5762.

TXX 5764     Tax of Pensions, Profit Sharing  (3 cr.)

Taxation of Pensions and Profit-Sharing Plans: The course looks at the federal tax advantages of pensions and profit-sharing plans, with emphasis on ERISA. Prerequisite: TXX 5762.

TXX 5765     Tax Policy  (3 cr.)

Tax Policy: A study of tax issues, particularly those pertinent to individual and corporate taxes. This course focuses on the purposes of taxation and development of tax systems. Prerequisite: TXX 5762.

TXX 5766     US Taxation of International Transactions  (3 cr.)

United States Taxation of International Transactions: This course surveys the U.S. income tax on foreign-earned income. The taxation methods of other countries are also examined. Prerequisite: GMP 5762.

TXX 5767     IRS Practice and Procedure  (3 cr.)

IRS Practice and Procedure: 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. The different approaches to resolving tax controversies will be explored through the study of assigned readings and in-depth class discussions. The course will be conducted in a seminar-like fashion with each student expected to make significant contributions to class discussions. Attentiveness to news items affecting the area of federal tax procedures is expected, as well as conveyance to class of these newsworthy developments.

TXX 5768     Real Estate Taxation  (3 cr.)

Real Estate Taxation: 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. Prerequisite: TXX 5762.

TXX 5769     Tax Planning & Research  (3 cr.)

Tax Planning and Research: 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. Prerequisite: TXX 5762.

TXX 5770     Taxation of Exempt Organizations  (3 cr.)

Taxation of Exempt Organizations: Examines and applies section 501c of the Code. Covers tax planning for charitable contributions, trusts, gifts, and bargain sales. Compares taxation of exempt organizations with for-profit entities. Prerequisite: TXX 5762.

TXX 5771     Taxation of Limited Liability Companies and Sub-Chapter S Corporations  (3 cr.)

Taxation of Limited Liability Companies and Sub-Chapter S Corporations: Examines the use of S Corporations versus other forms of business entities. Issues such as eligibility, election, revocation, and termination are discussed. Prerequisite: TXX 5762.

TXX 5772     Special Topics in Taxation  (3 cr.)

Special Topics in Taxation: Discussions may include, but not limited to, such topics as: transfer pricing, tax timing, and taxation of independent contractors. Prerequisite: TXX 5762.

TXX 5773     State and Local Taxation  (3 cr.)

State and Local Taxation: 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 its citizens, corporations, and other entities. The impact on society of current and proposed state and local taxes will be explored through the study of assigned readings and in-depth class discussions. Prerequisite: TXX 5762.

TXX 5774     Fiduciary Income Taxation  (3 cr.)

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. This is an in-depth treatment of the subject matter introduced in TXX 5762. Prerequisite: TXX 5762.

TXX 5775     Taxation of Distressed Entities  (3 cr.)

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.

TXX 5776     Comparative International Taxation  (3 cr.)

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. The differences in legal frameworks of various countries, such as constitutional, legislative, and statutory structures in relation to tax law will be studied. An understanding will be obtained of the definitions of income and of the varying and alternative approaches to taking corporations and its owners. Areas of concern such as anti-avoidance rules and taxation of e-commerce will be reviewed. After completing this course, the student will have a basic understanding of how other countries tax their citizens, residents, nonresident aliens, and corporations; and how those approaches compare to those of the United States.

Foundation Course Descriptions  arrowtop

ACTP 5711     Internet Technology  (0 cr.)

Internet Technology: A one-week course in utilizing the Internet for classroom purposes, research, (including the use of the library), and other skills needed to successfully complete the online graduate accounting program. Required for any student taking a course online in the MACC or MTAX programs.

ACTP 5001     Introductory Accounting  (3 cr.)

Introductory Accounting: An accelerated introductory course stressing the essential elements of accounting skills that will be used in the master's degree program. Managerial uses of accounting data and preparation of financial statements will be covered in this course. Course satisfies program prerequisite of financial accounting for master's degree programs.

ACTP 5004     Cost Accounting  (3 cr.)

Cost Accounting: The role of cost accounting as a tool for managerial decision-making; cost volume-profit analysis, job order costing, and absorption costing. Application of these skills to the overall operation of a business. Prerequisite: ACTP 5001 or equivalent.

ACTP 5006     Intermediate Accounting I  (3 cr.)

Intermediate Accounting I: A continuation and expansion of Introductory Accounting. The concepts underlying valuation, accounting for leases, and accounting for warranty costs; application of these concepts to financial statement presentation. Prerequisite: ACTP 5001 or equivalent.

ACTP 5007     Intermediate Accounting II  (3 cr.)

Intermediate Accounting II: A continuation and expansion of Intermediate Accounting I. The conceptual foundations of sources and applications of funds from a cash and working capital basis, reporting earnings per share, and accounting for other selected transactions. Prerequisites: ACTP 5006 or equivalent.

ACTP 5008     Intermediate Accounting III  (3 cr.)

This course is a continuation of ACTP 5007. The concepts and application of underlying financial accounting are examined, including those relevant to: inter and intra-period income taxes, revenue recognition, pensions and other postretirement benefits, leases, error analysis and cash flow statements. Prerequisites: ACTP 5006 or equivalent and ACTP 5711.

ACTP 5009     Advanced Accounting  (3 cr.)

A continuation and expansion of Intermediate Accounting II. Accounting principles for consolidations and combinations, accounting for branches, accounting for liquidations, accounting for nonprofit organizations, and other selected topics. Prerequisites: ACTP 5007 or equivalent and ACTP 5711.

ACTP 5010     Auditing  (3 cr.)

Auditing: Examination of financial statements and systems from the viewpoint of an independent auditor. Emphasis is on the methodology and practical applications of auditing techniques and the professional standards that bear on audit performance and reporting. Prerequisites: ACTP 5009 or equivalent and ACTP 5711.

ACTP 5712     Accounting Principles Review  (0 cr.)

Accounting Principles Review: This is a non-credit, two week course covering accounting principles required of all students taking the Intermediate I prerequisite course. If the student has taken a principles course within the past five years, he/she may choose to take a competency exam and if passed, will not be required to complete this course.

CPA Educational Requirements (Florida)  arrowtop

To qualify as a candidate for the Certified Public Accountant (CPA) examination, the following requirements must be fulfilled (as quoted from the State of Florida website):

1. A bachelor's degree from an accredited college or university, unless one is using the provisions of the foreign rule.

The Board accepts degrees from schools accredited by the following associations : Middle States Association, New England Association, North Central Association, Northwest Association, Southern Association of Colleges and Schools, Western Association of Schools and Colleges, Association of Independent Schools and Colleges who have been approved by the Florida State Board of Independent Colleges and Universities, and Canadian Schools who have been approved by their provincial educational bodies.

2. The accounting education program must consist of 36 semester hours of upper division accounting courses including coverage of tax, auditing, financial, and cost accounting. The business education program must consist of 39 semester hours of upper division general business courses with some exceptions. One micro-economics, one macro-economics, one statistics, one business law, and one introduction to computers course may be lower division. As part of the general business hours, applicants are required to have a total of six semester hours of business law courses which must cover contracts, torts, and the Uniform Commercial Code. Excess upper division accounting courses may be used to meet the General Business requirement. Elementary accounting classes are never acceptable for credit. Courses for non-accounting majors and any MBA courses that are equivalent to elementary accounting are not accepted for this requirement.

Examination Dates

April - May

July - August

October - November

January - February

Master's Program