Accountancy

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Graduate programs

Master of Accountancy

John Williams, Graduate Program Director
Glass Hall, Room 439, Phone: 417-836-5414
Email: accountancy@missouristate.edu
Website: http://missouristate.edu/SOA

Elizabeth Reger, Program Coordinator
Glass Hall, Room 223 Phone 417-836-5616
ElizabethReger@MissouriState.edu

Program description 

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.

XF policy

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 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 

Admission to the MAcc program is competitive.  The student must have received an undergraduate degree from a regionally accredited college or university.

  1. Overall GPA of at least 3.00 and 3.00 in upper-division accounting courses. 
  2. A competitive score on the GMAT (no other test accepted).  Students with a GPA of at least 3.25 from an AACSB accredited school may waive the GMAT requirement.
  3. Applicants whose native language is not English must submit scores on the internet-based Test of English as a Foreign Language (TOEFL).  A total score of at least 90 is required, along with the following minimum scores in the component parts: 
    1. Reading: 15;
    2. Listening: 15;
    3. Speaking: 18;
    4. Writing: 17.
  4. Applicants must have completed appropriate prerequisites as determined by the MAcc Program Director.  Normally, recently completed courses that include the study of FASB standards, AICPA Statements on Auditing standards, PCAOB Auditing standards, and IRS code will meet some prerequisite requirements.  Applicants who need to complete prerequisite courses must complete them before starting graduate courses.
  5. Applicants who do not meet the normal admission requirements, but who show an indication of high promise, will be considered for probationary admission.
  6. All other University and Graduate College requirements for admission to a degree program will also apply.

Admission - Accelerated MAcc

Admission is competitive.  Students enrolled in the undergraduate accounting program at Missouri State University may apply for admission into the Accelerated MAcc program.  This program allows students to count up to six hours of graduate coursework toward both the undergraduate and graduate degree.  Student must meet the following requirements.

  1. Completion of at least four of ACC 301, ACC 302, ACC 311, ACC 321 and ACC 341 with a GPA of 3.00 or better.
  2. An overall GPA of 3.00 or better.
  3. Applicants whose native language is not English must submit scores on the internet-based Test of English as a Foreign Language (TOEFL). A total score of at least 90 is required, along with the following minimum scores in the component parts:
    1. Reading: 15;
    2. Listening: 15;
    3. Speaking: 18;
    4. Writing: 17.
  4. A competitive score on the GMAT.  Students with an overall GPA of 3.25 and a 3.25 GPA in four of ACC 301, ACC 302, ACC 311, ACC 321 and ACC 341 may waive this GMAT requirement.
  5. For a courses to be designated as Mixed Credit, the MACC Program Director, the SOA Director and the Graduate College must approve by signing the Permission for Mixed Credit form. This form must be obtained prior to registering for the courses.
  6. All other University and Graduate College requirements for admission will also apply.

Prerequisite courses 

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 30 hrs

The Master of Accountancy degree requires a minimum of 30 hours of graduate credit. At least 24 of the 30 hours must be taken at the 700 level. Specific course and credit hour requirements follow.

  1. Accounting Core - 9 hrs
    ACC 703, ACC 741 and ACC 762
  2. Program Tracks: Choose one of the following Tracks:
    a. Public Track: ACC 705, ACC 726, ACC 750
    b. Corporate Track: ACC 613, ACC 712, ACC 715
  3. Electives - 12 hrs
    With advisor approval, select four (4) courses.  A student's program may include up to six (6) hours of 600-level courses and up to nine (9) hours of courses outside of accounting from the following list:  FIN 638, FIN 780, QBA 775, ITC 655, ITC 660, ITC 765.  In limited cases and with approval of the Director of the School of Accountancy, a course not on the preceding list may be applied to the MAcc.  Note: No more than a total of three (3) credit hours from ACC 695, ACC 794, or ACC 796 may be applied to the MAcc degree.
  4. Research
    Research projects may be required in any graduate accounting course. ACC 703 will have a significant professional research component.

Academic standing 

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 full-time 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:

  1. be admitted to a graduate program in the College of Business, or
  2. 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.