Developing Accounting Professionals through Scholarship, Leadership, Communication, and Research.
UCA’s Master of Accountancy (MAcc) provides advanced, in-depth training in accounting, business, and leadership for those individuals engaged in or seeking professional careers in accounting. Due to continuous changes in a global business environment, accountants need deeper and broader knowledge than ever before. The MAcc program helps to provide a student with the skills necessary to be successful in a rapidly changing business environment. The program is comprehensive and develops students’ conceptual and technical accounting competence, communication skills, research and analytical abilities, and leadership skills.
The American Institute of Certified Public Accountants recommends that individuals entering the accounting profession have five years of collegiate preparation. Responding to this need, the Arkansas State Board of Public Accountancy requires that all individuals receiving a Certified Public Accountants license have one-hundred-fifty (150) semester hours of college credit. Obtaining a MAcc is one way to obtain the required 150 hours for the CPA license and to gain an in-depth knowledge of accounting and leadership. Graduates of the MAcc program are well prepared for careers in public accounting, industry, and government, or to continue on to a Ph.D. program or law school.
Admission to the MAcc Program
Students applying for admission to the Master of Accountancy program must complete the Graduate School admission requirements (a graduate school application, application fee, send official transcripts) and the office of International Programs (TOEFL score). In addition, the following conditions must be met for admission to the Master of Accountancy program at UCA:
Baccalaureate degree in Accounting from an accredited institution or a Baccalaureate degree in another subject including the 27 hours listed below:
- Baccalaureate degree in Accounting from an accredited institution or a Baccalaureate degree in another subject including the 27 hours listed below:
- Intermediate Accounting (6 hours)
- Cost Accounting (3 hours)
- Individual Taxation (3 hours)
- Accounting or Management Information Systems (3 hours)
- Auditing (3 hours)
- Microeconomics and Macroeconomics (6 hours)
- Business Law (3 hours)
- For a well-rounded business perspective and CPA eligibility, credit for courses in the following areas are recommended but not required: management, marketing, finance, and statistics.
Undergraduate cumulative GPA of at least 2.70 or 3.00 in last 60 hours Accounting GPA of at least 2.70
- Accounting GPA requirements may be waived for applicants with significant professional experience or accounting certifications.
Graduate Management Admission Test (GMAT) score of 450, with minimum scores of 18 on the verbal component and 26 on the quantitative component
- An equivalent Graduate Record Examination (GRE) General Test will be accepted.
- Applicants with a GPA of 3.25, overall and in accounting, from an AACSB accredited school, do not have to take the GMAT or GRE.
- Applicants who have completed and passed all parts of the CPA exam do not have to take the GMAT or GRE.
When to Apply
The MAcc program can be started in any semester (fall, spring, or summer). Students may apply after completing the undergraduate degree or during their senior year of undergraduate work. All application materials must be submitted to UCA at least 2 weeks prior to the beginning of the semester in which a student plans to attend.
UCA seniors in their last undergraduate semester may enroll in one or two graduate courses as an undergraduate to apply toward their MAcc degree. To take advantage of this opportunity, seniors must have (a) approval from the MAcc advisor, (b) completed the graduate school application, and (c) met all the requirements for admission except completion of the baccalaureate degree.
MAcc Coursework & Electives
The MAcc program requires students to complete 10 courses (30 hours). Students who attend full-time can complete the MAcc in one year (fall, spring, and summer), and the program can be started in any semester. The required and elective courses are described below.
Required Courses (18 hours)
Every MAcc student is required to take the following six courses:
- ACCT 6309 Tax Research and Planning
- ACCT 6310 Advanced Accounting Theory
- ACCT 6350 Seminar in Accounting Leadership
- ACCT 6320 Seminar in Accounting Information Systems
- ACCT 6317 Seminar in Auditing
- ACCT 6340 Seminar in Case Studies in Accounting
Additional Required Courses (0-9 hours)
Students who did not complete the equivalent of these three courses as an undergraduate are required to complete them in their MAcc program:
- ACCT 6304 Governmental/Non-Profit Organizations
- ACCT 5312 Advanced Accounting
- ACCT 5316 Advanced Income Tax
Electives (3-12 hours)
MAcc students complete the 10 courses by selecting from these electives. One to four elective courses are required to earn 30 total hours. The following electives have been preapproved. (Electives not on this list must be approved by the MAcc advisor in advance.)
- ACCT 5322 Advanced Business Law for Accountants
- ACCT 6319 Corporate and Shareholder Taxation
- ACCT 6329 Partnership/S-Corporation Tax
- ACCT 6339 Estate and Gift Taxation
- MBA 6301 Decision Modeling in Information Systems
- MBA 6303 Managerial Economics
- MBA 6305 Financial Decision Making
- MBA 6320 Strategic Management
- MBA 6325 Organizational Behavior
- MBA 6330 Production/Operations Management
Students desiring a career in industry are advised to elect MBA 6303, 6305, 6320, and 6325.
Cost & Fees
Program taught in: