Full Time MBA Program - Accounting Specialization
The Department of Accounting and Management Information Systems offers a formal specialization in Accounting for full-time students in the MBA program. The accounting specialization is concerned with the practice of public accounting. It is not an alternative to the Master of Accountancy program, which is an advanced accounting program requiring an undergraduate background in accounting. The MBA specialization in Accounting is designed to prepare students who do not have an undergraduate degree in accounting for entry into the accounting profession.
The new AICPA/NASBA requirements for the CPA require 150 semester hours of higher education including at least a bachelor's degree(not necessarily in accounting) and 24 semester hours of business courses. Students who complete the MBA specialization in Accounting will meet the requirements to sit for the CPA examination.
The elective option provides students some flexibility within the Accounting specialization. Students may study financial accounting, not-for-profit accounting, taxation, business assurance services, and accounting information systems. An accelerated online program option is also available.
The following prerequisite courses are required for the Accounting specialization:
Development and application of financial accounting concepts and generally accepted accounting principles. Preparation of financial statements and accounting for changes in accounting principles. Emphasis on valuation and cost allocation methods for assets and related effects on income statements. Prerequisite: Admission to the accounting specialization or consent of department.
Addresses financial accounting concepts and development of financial statements. Emphasis is placed on the effect of business processes on the reported financial statements of an organization and on the usage of financial information in the management and analysis of business operations. Prerequisite: MBA students only or consent of Graduate and Executive Programs in Business.
Applies accounting to the decision making, planning, and control processes of management. Emphasizes the nature, use, and reliability of accounting data for decision making. Prerequisite: MBA students only or consent of Graduate and Executive Programs in Business.
The following core courses are required for the Accounting specialization:
Auditing principles and procedures for independent verification of financial records and reviews of operations as used by internal auditors and public accountants. Nature of audit evidence, evaluation of internal controls, statistical sampling, computer auditing. Prerequisite: ACCT 560 or consent of master of accountancy graduate coordinator.
General systems concepts and theory. The collection and processing of accounting information, internal control aspects of accounting systems. Systems life cycle in an accounting framework. The interface of accounting systems and computer technology. Prerequisite: Permission of the Master of accountancy Graduate Coordinator.
Determination of taxable income and analysis of reporting requirements related to corporations. Application of federal tax laws to special problems of corporations, including stock redemptions, capital structure, liquidation, and corporate accumulations. Prerequisite: Consent of the Master of Accountancy graduate coordinator.
Development and application of financial accounting concepts and generally accepted accounting principles. Emphasis on long-term liabilities, investments, pensions, leases, earnings per share, and income tax allocation. Prerequisite: Consent of master of accountancy graduate coordinator.
Updated: 06/26/2023 03:00PM