Master of Accountancy
Kerri Tassin, MAcc Program Director
Glass Hall, Room 443 Phone (417) 836-6689
Mission Statement of the School of Accountancy
The School of Accountancy (SOA) cultivates a comprehensive, high quality accounting environment, serving graduate and undergraduate accounting majors, business majors, and other interested persons. Student development is the School’s top priority, and the primary responsibility of a full-time faculty engaged with its students. Accordingly, the faculty encourages interaction with students in the classroom, during office visits and through other school, college and university programs. Faculty members are also engaged in productive scholarship and meaningful service and interaction with the accounting profession, the University, and the larger community. The SOA acknowledges that the teaching, research, and service are integrated, complementary activities. These scholarly endeavors advance knowledge, foster an attitude of inquiry, meet the needs of society and contribute to student learning.
The Master of Accountancy (MAcc) is intended to articulate with the undergraduate program to provide an integrated five-year educational experience, with the objective of preparing the graduate for a successful career in public, private, or governmental accounting, or for pursuing a doctoral degree. It also meets the “150-hour” education requirement to sit for the CPA examination and for membership in the American Institute of Certified Public Accountants.
An accelerated option is available for eligible Missouri State University undergraduate accounting majors. Students must apply during the second semester of their junior year. If accepted, up to 6 hours of 600-700 level accounting courses may be counted toward both the undergraduate and graduate degrees. This option allows Missouri State University accounting majors to obtain both the Bachelor of Science and MAcc degrees in five years with a total of 152 semester hours rather than the normal 158 hours.
The MAcc program is accredited by AACSB International - The Association to Advance Collegiate Schools of Business.
Admission - To apply for admission, go to the Graduate College website and apply online.
High standards of professional conduct are required for admission to the accounting profession and to obtain and retain professional accounting certifications (CPA, CMA, CIA, CFE, etc). Prospective graduate students who have been assigned a grade of XF (failure due to academic dishonestly) at Missouri State University (MSU), or the equivalent at another institution of higher education, may be denied acceptance to any graduate program offered by the School of Accountancy (SOA) including the Master of Accountancy, and Certificates in Forensic Accounting and Tax Accounting. Students who have been assigned a grade of XF at MSU, or the equivalent at another institution of higher education, are required to inform the SOA Graduate Program Director of such grade at the time of application, even if the X was subsequently removed. Failure to inform the SOA Graduate Program Director of this previous XF or equivalent grade will result in removal from the program. A student assigned a grade of XF while studying toward completion of one or more of the previously listed graduate programs or certificates will be immediately removed from the program(s).
Admission - Traditional MAcc
- The student must have received an undergraduate degree from a regionally accredited college or university.
- The student must have attained a GPA of at least 3.20 for the last 60 hours of academic work and must have attained a GPA of at least 3.20 in upper-division accounting courses.
Undergraduate accounting courses must either have been successfully completed within the five years prior to entry to the MAcc Program, or the student must provide other evidence of current knowledge in undergraduate core topics. Otherwise, applicants may be required to repeat selected courses.
- The student must achieve a minimum composite score of 500 on the Graduate Management Admissions Test (GMAT), and a minimum score of at least the 30th percentile for both the verbal and the quantitative components of the GMAT. With the approval of the Director of the MAcc program, recent scores from other standardized tests for graduate study, such as the Graduate Record Exam (GRE) or the Law School Aptitude Test (LSAT), may be deemed equivalent. This GMAT requirement may be waived for students having a GPA of 3.20 or better on their last 60 semester hours at an AACSB accredited school.
- Students who do not meet the normal admission requirement, but who show an indication of high promise, will be considered for probationary admission.
- All other University and Graduate College requirements for admission to a degree program will also apply.
Admission - Accelerated MAcc
- Completion of ACC 301, 302, 311, 321 and 341 with a GPA of 3.20 or better.
- An overall GPA of 3.20 or better.
- The student must achieve a minimum composite score of 500 on the Graduate Management Admissions Test (GMAT), and a minimum score of at least the 30th percentile for both the verbal and the quantitative components of the GMAT. With the approval of the Director of the MAcc program, recent scores from other standardized tests for graduate study, such as the Graduate Record Exam (GRE) or the Law School Aptitude Test (LSAT), may be deemed equivalent. If a student has a GPA of 3.20 or better for the last 30 hours of academic work, the GMAT may be waived.
- For a courses to be designated as Mixed Credit, the graduate advisor, undergraduate department head, and Graduate College Dean must approve by signing the Permission for Mixed Credit form. This form must be obtained prior to registering for the courses.
Qualified applicants may enter the program at the beginning of any semester. Arrangement for taking the GMAT can be made by calling Pearson GMAT Registration Center at 1-800-717-4628 or by writing to Graduate Management Admissions Test, Educational Testing Service, PO Box 6000, Princeton, NJ 08541. Application booklets are also available in the Counseling and Testing Center, Carrington Hall 311.
Applicants from foreign countries whose native language is not English are required to submit scores on the Test of English as a Foreign Language (TOEFL). Normally scores of 600 on the paper-based or a comparable score of 253 on the computer-based TOEFL are required for admission.
The MAcc can accommodate students without undergraduate degrees in accounting. Deficiencies in a student’s undergraduate business or accounting education must be removed by taking appropriate prerequisite courses. Those courses add to the number of hours required to complete the program. To determine the extent of deficiencies, students should contact the MAcc Program Director for a transcript analysis.
By completion of the MAcc Program, the student is expected to meet the common body of knowledge requirements of the AACSB International. These requirements involve course work in economics, statistics, computer information systems, finance, business law, management and marketing that is essentially equivalent to that required of Missouri State University undergraduate accounting majors.
Degree Requirements Total 33 hrs
The Master of Accountancy degree requires a minimum of 33 hours of graduate credit. At least 24 of the 33 hours must be taken at the 700 level. Specific course and credit hour requirements follow.
- Accounting Core 9 hrs
ACC 703, 790 and one from ACC 705, 613
- Accounting Electives 15 hrs
With advisor approval, elect five accounting courses, with at least one course from each of the following four functional areas:
a, Financial (ACC 604, 606, 632, 705)
b. Managerial/Cost (ACC 613, 712, 715)
c. Tax (ACC 624, 625, 721, 722, 723)
d. Auditing/Systems (ACC 655, 656, 741, 750, 751, 752, 754)
- Additional Electives 9 hrs
With advisor approval, elect three courses. Note: No more than a total of 3 credit hours from ACC 695, 794, or 796 may be applied to the MAcc degree.
Research projects may be required in any graduate accounting course. ACC 703 will have a significant professional research component.
A student who fails to attain a 3.00 GPA after completing the approved program may enroll for additional course work not to exceed 6 semester hours to raise the GPA. The course work will be approved by the MAcc Program Director.
The maximum class load for a full-time student is normally 12 hours per semester. An overload is permitted only after students have demonstrated their ability to achieve an outstanding graduate record at this university. Students employed on a full-time job should not enroll for more than 6 semester hours.
All University and Graduate College requirements governing grading and attendance will apply. To enroll in graduate courses in the College of Business, a student must satisfy one of the following two conditions:
- be admitted to a graduate program in the College of Business, or
- have permission to enroll from the College of Business Program Director.
Students who do not meet one of these two conditions may be dropped from the course(s) at any time during the session involved.