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    Xavier University
   
 
  Sep 23, 2017
 
Xavier University Undergraduate and Graduate Catalog 2017-2018 
  
Xavier University Undergraduate and Graduate Catalog 2017-2018

Accountancy, M.S.


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The Master of Science in Accountancy is designed to provide students with the competencies necessary to begin careers as outstanding professional accountants.  Graduates of the program will demonstrate competency in the primary functional areas of accountancy: financial accounting, managerial accounting, audit, taxation, and commercial law.  Students will complete intensive and challenging coursework to prepare them for careers in assurance, tax, financial accounting, managerial tax accounting, and advisory services.  They will have a solid understanding of the impact of complex accounting issues on the organizations they serve as well as the impact to both internal and external stakeholders.

Curriculum


Students must have completed the following: ACCT 300 Intermediate Financial Acct I  and ACCT 301 Intermediate Financial Acct II  or their equivalent, prior to admission to the program.  In addition, students admitted to the program must have completed a course in the areas listed below prior to graduation from the MACC program.

  •    (cross-listed as MACC 511)
  • ACCT 321 Cost Accounting  or ACCT 550 Managerial Accounting
  • ACCT 421 Auditing  (cross-listed as MACC 542)
  • ACCT 495 Analysis of Accounting Systems  (cross-listed as MACC 595)

Students may take up to three of the four courses listed above in the free elective component of the MACC curriculum.  More curriculum details that depend on the undergraduate degree of the applicant are described below.

Students with an undergraduate degree in accounting will be required to complete 30 credit hours from the three primary program components:

  • Six required MACC courses (two may be cross-listed).
  • One MACC elective course.
  • Three other graduate course electives as listed in a later section.

Students with an undergraduate degree in business (other than accounting) will be required to complete about 42 credit hours:

  • Two courses in Intermediate Financial Accounting (pre-requisite for conditional admission, undergraduate credit)
  • Six required MACC courses (two may be cross-listed).
  • One MACC elective course.
  • Three other graduate course electives as listed in a later section.  Students may use up to three of these electives to fulfill the four cross-listed undergraduate accounting course requirements.
  • One graduate-only course (ACCT 550) to complete the four cross-listed undergraduate accounting course requirements.
  • One additional course to complete the graduate-only seven course requirement.

Students with a non-business undergraduate degree will be required to complete about 48 credit hours:

  • Two courses in Intermediate Financial Accounting (pre-requisite for conditional admission, undergraduate credit).
  • Six required MACC courses (two may be cross-listed).
  • One MACC elective course.
  • Three other graduate course electives as listed in a later section.  Students may use up to three of these electives to fulfill the four cross-listed undergraduate accounting course requirements.
  • One additional course to satisfy the four cross-listed undergraduate accounting course requirements.
  • Three specific graduate-only business courses:
    • Economics (ECON 550)
    • Finance (FINC 550)
    • Statistics (STAT 500)

 

CPA Exam Eligibility Considerations


Students without a business undergraduate degree may need additional courses to meet the criteria to be eligible to take the CPA exam in Ohio.  In general 150 semester credit hours are required to take the CPA exam.  For CPA exam candidates with an undergraduate degree only, 30 semester hours of accounting are required in addition to 24 hours of general business courses.  Alternatively, CPA exam eligibility can be met by completing 150 semester hours of coursework including a master’s degree in accounting.  It is important to note that CPA exam eligibility criteria vary on a state by state basis.  Eligibility criteria for each state can be found at www.nasba.org.  Ohio requirements can be found at http://acc.ohio.gov/CPAExam.aspx.

Core Accounting Requirements


Students are required to complete the six accounting courses listed below.  Students who have previously completed an equivalent course may be required to waive the course and replace it with a MACC elective.  Students may not take courses marked with an * for credit if they have an undergraduate equivalent.

  • MACC 515*- Nonprofit and Governmental Accounting (cross-listed with ACCT 315)
  • MACC 531*- Advanced Financial Accounting (cross-listed with ACCT 431)
  • MACC 611 - Corporate Income Tax Reporting and Compliance
  • BLAW 620 - Commercial Law and Professional Ethics
  • MACC 622 - Fraud Examination
  • MACC 625 - Current Topics in Accounting Practice

MACC Accounting Electives


Students are required to complete one of the following accounting electives:

  • MACC 603 - Accounting Internship (subject to approval)
  • MACC 616 - Taxation of Flow-Through Entities
  • MACC 632 - Advanced Managerial Accounting
  • MACC 690 - Corporate Governance (cross-listed with BUAD 690)
  • MACC 696 - Special Topics in Accounting I
  • MACC 697 - Special Topics in Accounting II
  • MACC 695 - Individual Reading and Research

Free Electives


Students must complete nine hours of free electives from the courses listed below or remaining courses net yet taken in the MACC course electives section above.  Students may not take courses marked with an * for credit if they have an undergraduate equivalent.

  • MACC 511*- Auditing Concepts and Practices (cross-listed with ACCT 311 and taken for three graduate credit hours)
  • MACC 542*- Auditing Concepts and Practices (cross-listed with ACCT 421)
  • MACC 595*- Analysis of Accounting Systems (cross-listed with ACCT 495)
  • ACCT 550  - Managerial Accounting
  • ECON 550 - Managerial Economics
  • FINC 550  -  Fundamentals of Finance (test waiver option available)
  • FINC 600  -  Managerial Finance
  • FINC 602  -  Investment Management
  • FINC 607  -  Portfolio and Hedge Fund Construction
  • FINC 621  -  Options and Futures Markets
  • FINC 632  -  Multinational Financial Management
  • FINC 640  -  Purchase, Sale and Valuation of Closely-Held Entities
  • FINC 645  -  Mergers and Acquisitions
  • FINC 651  -  Money and Capital Markets
  • FINC 663  -  Fixed Income and Debt Management
  • FINC 664  -  Bond Fund
  • FINC 675  -  Real Estate Finance
  • FINC 684  -  Financial Modeling
  • INFO 550  -  Business Information Systems
  • INFO 626  -  Knowledge Management
  • INFO 655  -  Business Intelligence
  • INFO 672  -  Computer and Network Security
  • INFO 674  -  Database Management
  • INFO 680  -  Introduction to Data Mining for Managers
  • STAT 500  -  Business Statistics

NOTE:  Students who do not have an undergraduate degree in accounting will need to complete courses in introductory taxation, cost accounting, auditing, and accounting information systems.  The following courses fulfill these requirements:  MACC 511, ACCT 550, MACC 542, and MACC 595.

NOTE:  Student who do not have an undergraduate degree in business will need to enroll in ECON 550, FINC 550, and STAT 500 as part of their degree.  Additional courses will need to be selected as electives.

Schedule (Accounting Undergraduate Students)


Fall Semester


  • MACC515 Nonprofit and Governmental Accounting
  • MACC622 Fraud Examination
  • MACC625 Current Topics in Accounting Practice
  • Free Elective

Spring Semester


  • MACC 611 Corporate Income Tax Reporting and Compliance
  • MACC631 Advanced Financial Accounting
  • MACC Elective
  • Free Elective

Summer Semester


  • BLAW620 Commercial Law and Professional Ethics
  • Free Elective

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