MSc in Accounting


Program Description

The M.S. in Accounting offers you a broad base of knowledge about accounting and business theory and practice, tailored for students who wish to meet Illinois' 150-credit hour requirement to become a Certified Public Accountant (CPA). The curriculum is designed to meet the needs of students with or without undergraduate preparation in business or accounting.

Northeastern Illinois University offers a two-phase Master of Science in Accounting Program.

  • The first phase consists of a set of foundation courses, some or all of which may be waived depending on your prior academic preparation. If your bachelor's degree is not in accounting, you will also need to show proficiency in six undergraduate prerequisite courses: Cost Accounting, Auditing Theory and Problems, Federal Income Tax (Individual), Intermediate Financial Accounting I, Intermediate Financial Accounting II and Business Calculus. You may demonstrate proficiency either through competent coursework or by passing a proficiency examination. Please note that these six courses are program prerequisites. They are not part of the M.S. in Accounting program and cannot be applied to the degree requirements.
  • The second phase is made up of 30 hours of advanced core courses and is required of all students in the program. Among these advanced courses are six hours of accounting elective classes and nine hours of non-accounting elective classes.

The College of Business and Management has a set of well-established Program Learning Goals and Learning Objectives across all programs that are assessed on a periodic basis. The College of Business and Management is accredited by the Association to Advance Collegiate Schools of Business (AACSB) and is among the top five percent of the worldwide business schools offering degree programs. See the Dean’s Welcome for four compelling features to study in the College of Business and Management.

Credit hours required: 30-67

Program Benefits

Northeastern's Accounting, M.S. program demonstrates quality through AACSB accreditation and offers an outstanding return on investment. Students who graduate from Northeastern have among the lowest student loan debt upon commencement (U.S. News & World Report 2015, 2016).

Northeastern's student body is exceptionally diverse, as is its faculty, representing more than 60 different countries from around the world. Students are encouraged to network in order to develop the knowledge and skills needed in business. Northeastern's Alumni Association has a network of more than 62,000 individuals, including local and national financial institutions.

Program pathways are for traditional students and executives with foundation and core courses offered at convenient times through online, hybrid and traditional classroom settings.

Career Options

The M.S. in Accounting prepares you for careers such as:

  • Certified Public Accountant (CPA)
  • Financial Accountant
  • Managerial Accountant
  • Income Tax Professional
  • Auditor

Degree Requirements

Accounting Cores --- 15 credits.

All Accounting MS students are required to take the following five core courses.

ACTG-407 Auditing Theory And Practice 3
ACTG-412 Accounting For Planning And Control 3
ACTG-421 Current Topics In Financial Accounting 3
ACTG-430 Research Methodology In Accounting 3
ACTG-440 Tax Research And Procedure 3
Total Hours 15

Accounting Electives --- 9 credits.

Each Accounting MS student is required to take three elective courses from the list below.

ACTG-406 Governmental & Not-For-Profit Accounting 3
ACTG-408 Information Technology Auditing 3
ACTG-409 Forensic And Investigative Accounting 3
ACTG-410 Seminar In Tax Planning 3
ACTG-422 Financial Statement Analysis 3
ACTG-441 Estate, Gift And Trust Taxation 3
ACTG-451 Accounting Information Systems 3
ACTG-480 Issues In International Accounting And Multinational Business Operations 3
ACTG-500 Project 3

Non-Accounting Electives --- 6 credits.

Each Accounting MS student is required to take two non-accounting elective courses from the list below.

BLAW-410 International Business Law 3
FINA-460 Financial Management 3
FINA-462 Investment Strategies 3
FINA-469 Mergers And Acquisitions 3
FINA-470 Corporate Financial Strategy 3
FINA-471 International Financial Management 3
FINA-474 Seminar On Futures And Options Markets 3
FINA-475 Management Of Financial Institutions 3
MNGT-474 Human Resources Policy And Decision Making 3
MNGT-480 Entrepreneurship 3
MNGT-481 International Management 3
MNGT-487 Strategy And Organization 3
MNGT-489 Management Of Organizational Change 3
MNGT-490 Innovation And Creativity 3
MKTG-451 Consumer Behavior And Marketing Action 3
MKTG-453 Marketing Research - Techniques And Applications 3
MKTG-456 Channel Distribution And Retailing 3
MKTG-458 Global Marketing 3
MKTG-461 Services Marketing Management 3

Managerial Competencies

Prior to enrolling in the Accounting MS cores and/or electives, students must demonstrate certain managerial competencies. This requirement can be fulfilled by completing, with an average GPA of 3.0 or higher, four graduate-level courses given below:

  • COBM 401 Accounting for Managers
  • COBM 402 Business Economics and Finance for Managers
  • COBM 403 Topics in Management and Marketing
  • COBM 404 Business Statistics and Operations Decisions for Managers

The managerial competencies can also be satisfied by having successfully completed equivalent coursework from a regionally-accredited institution. For example, the corresponding conversion table for NEIU undergraduate coursework is given below.

Graduate-Level Courses Prior Coursework at Undergraduate Level
COBM-401 Accounting for Managers ACTG-201 and ACTG-202
COBM-402 Business Economics and Finance for Managers FINA-360 and ECON-215
COBM-403 Topics in Management and Marketing MNGT-370 and MKTG-350
COBM-404 Business Statistics and Operations Decisions for Managers MNGT-368 and MNGT-377
Last updated Oct 2018

About the School

Pursue your goals with top-notch faculty and small class sizes. Explore over 80 rigorous programs in the arts, sciences, education, and business. At Northeastern, find yourself among a welcoming and d ... Read More

Pursue your goals with top-notch faculty and small class sizes. Explore over 80 rigorous programs in the arts, sciences, education, and business. At Northeastern, find yourself among a welcoming and diverse community of scholars who are as serious about their education as you are. Read less