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Master of Accounting

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About the Master of Accounting

Equip yourself with the critical-thinking skills needed to excel.

The Master of Accounting (MAcc) program at the Florida State University College of Business offers students high-quality and rigorous instruction focused on a more thorough understanding of accounting functions in the workplace. As an FSU MAcc student, you will build the quantitative, analytical and research skills every accountant needs to make sound business decisions. Here's the bottom line: Our students graduate prepared to succeed.

The Master of Accounting program provides students with exposure to advanced theories and topics in the field of accounting. It offers an opportunity to pursue specialized interests and a broader knowledge of the accounting discipline in general. Completion of the program can fulfill the educational requirements to sit for the Uniformed Certified Public Accountant (CPA) examination and be licensed in the state of Florida and most other jurisdictions.

In the MAcc program, students select one of three majors: 

  • Assurance and Advisory Services
  • Generalist
  • Taxation

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Apply Today

Begin your Master of Accounting application today by entering the Graduate Admissions Portal. Application deadlines are June 1* for fall entry, October 1 for spring entry, and March 1 for summer entry.

*Students interested in assistantships and fellowships should apply by March 1 to be considered.

Admission Guidelines

Admission to the Master of Accounting program is highly competitive. The GMAT (preferred) or the GRE are a requirement for admission to the MAcc program and to Florida State University. The entrance exam is a university requirement that may be waived if an applicant meets certain criteria. The College of Business generally recommends a GMAT minimum of 550 or a GRE minimum of 1200 (150 on each subsection of the revised GRE), taken within the last five years.To register to take the GMAT test, visit gmat.com external link icon.

Applicants also must have an undergraduate GPA of at least 3.0 in the upper division coursework. Given the limited class size, it is likely that most who are admitted to the program will have credentials considerably above the specified minimums.

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Degree Requirements

Prerequisites

The MAcc Program requires the student to complete: (1) a core of undergraduate foundation courses consisting of business and accounting courses and (2) the Master of Accounting curriculum, which consists of 11 graduate courses. Students with a bachelor's degree in accounting will have satisfied all or most of the foundation course requirements through their prior studies. Applicants with substantial deficiencies in foundation courses should contact the MAcc advisor to determine the best plan to satisfy the deficiencies. There is also a program for students without a bachelor's degree in accounting.

International applicants whose native language is not English and who have not completed an undergraduate or graduate degree in an English-speaking country are required to take either the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) and submit official test results in order to be admitted to The Florida State University. The College of Business requires a minimum TOEFL score of 600 on the paper-based test and 100 on the internet-based test, or a minimum of 7.0 on the IELTS exam, taken within the past two (2) years.

In addition, international graduate applicants seeking teaching assistantships are required to pass a test of spoken English.

Curriculum

Each of the MAcc’s three majors consists of 11 courses (33 credit hours) typically taken as four courses in the spring and fall semesters and three courses in the summer. Please note: Program requirements are subject to change.

Assurance and Advisory Services Major

  • ŸProvides students with skills related to the practice and theory of auditing and related services.
  • ŸEmphasizes building teamwork and technical skills.
  • ŸLeads to auditing or advisory work at large, international public accounting firms.

Required Courses:

ACG 5135 – Financial Accounting Theory and Standard Setting (3 hrs)

ACG 5175 – Financial Statement Analysis (3 hrs)

ACG 5405 – Advanced Accounting Information Systems (3 hrs)

ACG 5458 – Emerging Technologies in Accounting and Auditing (3 hrs)

ACG 5635 – Auditing Theory and Application II (3 hrs)

ACG 5685 – Forensic Accounting (3 hrs)

ACG 5695 – Challenges in Professional Accounting (3 hrs)

MAN 5716 – Business Conditions Analysis (3 hrs)

Also, choose one from:

ISM 5404* – Business Intelligence (or equivalent) (3 hours)

ISM 5935 – Special Topics in Information and Management Sciences (3 hours)

Plus two elective** courses:

One accounting elective (3 hours)
One accounting, non-accounting or ISM elective (3 hours)

 

Generalist Major

  • ŸAllows students to expand their overall accounting knowledge.
  • ŸEmphasizes skills necessary for success in the various facets of accounting.
  • ŸLeads to a career in multiple areas of accounting, including corporations and government entities.

Required Courses:

ACG 5135 – Financial Accounting Theory and Standard Setting 3 hrs)

ACG 5175 – Financial Statement Analysis (3 hrs)

ACG 5356 – Advanced Management Accounting (3 hrs)

ACG 5635 – Auditing Theory and Application II (3 hrs) 

MAN 5716 – Business Conditions Analysis (3 hrs)

Also, choose one from:

ISM 5404* – Business Intelligence (or equivalent) (3 hours)

ISM 5935 – Special Topics in Information and Management Sciences (3 hours)

Plus five elective** courses:

Four accounting electives (12 hours or 3 hours each)
One accounting or non-accounting elective (3 hours)

 

Taxation Major

  • ŸProvides students with meaningful opportunities to develop the technical, analytical and research skills necessary for a successful career in tax practice.
  • ŸEmphasizes lessons in primary and secondary tax law sources to identify and to investigate alternative tax treatments and solve complex tax issues.
  • ŸLeads to a career with large international public accounting firms as tax specialists.

Required Courses:

ACG 5175 – Financial Statement Analysis (3 hrs)

ACG 5635 – Auditing Theory and Application II (3 hrs)

MAN 5716 – Business Conditions Analysis (3 hrs)

TAX 5065 – Research in Federal Taxation (3 hrs)

TAX 5105 – Seminar in Corporate Income Taxation I (3 hrs)

TAX 5205 – Pass-through Entities and Fiduciaries (3hrs)

TAX 5875 – Taxes and Business Strategy (3 hrs) 

TAX 5527 – Multi-jurisdictional Tax Issues (3 hrs)

Also, choose one from:

ISM 5404* – Business Intelligence (or equivalent) (3 hours)

ISM 5935 – Special Topics in Information and Management Sciences (3 hours)

Plus two elective** courses:

One accounting elective (3 hours)

One accounting or non-accounting elective (3 hours)

* Online course, with associated online fee
**Accounting electives may be any 5000-level ACG or TAX course except ACG 5026. Non-accounting electives may be selected from business graduate courses.

 

Course Descriptions

ACG 5135 Financial Accounting Theory and Standard Setting
Prerequisite: ACG 4201.  An introduction to the development of financial accounting theory; the relationship of accounting theory and research to standard setting; discussion of the current standard setting environment

ACG 5175 Financial Statement Analysis
Prerequisite: ACG 4201. Understanding how to interpret information in financial statements and related documents and adjusting financial statement information for use as inputs into business valuation and credit analysis models.

ACG 5356 Advanced Management Accounting
Prerequisite: ACG 3341. Use of accounting and statistical methods in planning and controlling economic activities.

ACG 5405 Advanced Accounting Information Systems
Prerequisite: ACG 4401. Design and operation of accounting systems and relevance of data processing and statistical methods to the system of financial information and control.

ACG 5458 Emerging Technologies in Accounting and Auditing
Prerequisite: ACG 4401.  Knowledge and skills to account for and to audit firms that are using emerging technologies. Tools to identify and assess risks of insecure electronic commerce systems and to formulate security-conscious solutions.

ACG 5505 Government and Not-for-Profit Accounting and Auditing
Prerequisite: ACG 4201. An introduction to financial reporting and auditing requirements for government and not-for-profit entities.

ACG 5635 Auditing Theory and Application II
Prerequisite: ACG 4632. Theory of auditing and development of audit programs, procedures for obtaining audit evidence, and auditor responsibility under Securities and Exchange Commission requirements.

ACG 5685 Forensic Accounting
Prerequisite: ACG 4632. An in-depth exposure to the forensic accounting process and related audit topics, including identification of fraud risk factors and development of skills in detecting fraud.

ACG 5695 Challenges in Professional Accounting
Prerequisite: ACG 4632. Case studies emphasizing elements of public practice, standards of professional conduct, fraud issues, systematic controls, auditing principles and standards, and communication of findings.

ISM 5404 Business Intelligence
An introduction to state-of-the-art business intelligence and analytics techniques to discover knowledge from massive data sets using a hands-on approach. Students will have a chance to apply such techniques on real-world data sets in various domains, including finance, healthcare, commerce and sports in order to produce actionable intelligence for enhanced managerial decision making.

ISM 5935 Special Topics in Information and Management Sciences
Students participate in either ISM 4117 (Business Intelligence) or ISM 4545 (Data Analytics and Mining for Business) as part of the ISM 5935 course requirements.  ISM 4117 introduces business intelligence as computerized support for managerial decision-making. It concentrates on the theoretical and conceptual foundations of business intelligence as well as on commercial tools and techniques available for effective decision-support.  ISM 4545 covers the most important data analytics and mining techniques to help corporations acquire knowledge from large data sets. Specifically, it introduces methods such as clustering, classification, and association rule mining through a hands-on approach using specialized software.

MAN 5716 Business Conditions Analysis
Problems of managing the firm in relation to the changing economic environment. Analysis of major business fluctuations and development of forecasting techniques.

TAX 5065 Research in Federal Taxation
Prerequisite: TAX 4011. A critical examination of the legal aspects of taxation and the development of federal tax law as a basis for planning business decisions.

TAX 5105 Seminar in Corporate Income Taxation
Prerequisite: TAX 4011.  Develops comprehensive knowledge of corporate income taxation concepts, problems and authorities.

TAX 5205 Pass-Through Entities and Fiduciaries
Prerequisite: TAX 4011. Comprehensive coverage of the income taxation of pass-through entities including partnerships, LLCs, Subchapter S corporations, and business trusts.

TAX 5527 Multijurisdictional Tax Issues
Prerequisite: TAX 4001. Provides an in-depth examination of multijurisdictional tax issues, including U.S. federal income taxation of inbound and outbound transactions, state and local taxation, and multijurisdictional tax policy issues.

TAX 5875 Taxes and Business Strategy
Prerequisite:  TAX 4011.  Provides a framework for understanding how taxes affect decision-making, asset prices, equilibrium returns, and the financial and operational structure of firms.

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Accounting faculty and staff members list

Click here to view our Accounting faculty and staff.

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Application Process

The following items should be submitted through the Florida State Graduate Application portal, available exclusively online at https://admissions.fsu.edu/gradapp external link icon:
  • Applicant Statement (Word Document, .docx)
  • Current resume/C.V., clearly indicating work experience including dates and positions held
  • Three (3) letters of recommendation from former college professors, employers, or anyone who understands your skills and abilities
  • Nonrefundable application fee of $30.00 (see University Application or go to http://fees.fsu.edu external link icon)

The following items should be sent to the Admissions Office, PO Box 3062400, 282 Champions Way, Florida State University, Tallahassee, FL 32306-2400:

  • One (1) official transcript from all colleges and universities attended
  • Florida Resident Affidavit, if applicable (see University Application or http://admissions.fsu.edu/images/pdf/residency.pdf external link icon)
  • Official TOEFL/IELTS score report (required of international applicants whose native language is not English, regardless of academic background).  The ETS code to send TOEFL scores to Florida State is 5219.
  • Official GMAT or GRE scores (all sections of the entrance exams must be completed).  The code to send GMAT scores to Florida State is PN8K567, and the code to send GRE scores is 5219.

International Applicants

International applicants whose native language is not English and who have not studied as a degree-seeking student in an English-speaking country for at least one academic year are required to take either the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) and submit official test results in order to be admitted to The Florida State University. The College of Business requires a minimum TOEFL score of 100 on the internet-based test, or a minimum of 7.0 on the IELTS exam, taken within the past two (2) years.

In addition to the above mentioned personal funding, international applicants, if admitted, will be required to obtain health insurance.

For University information, such as financial responsibilities, degree equivalency, to download the University application, etc., please go to the international applicant information external link icon site.

Waiving the GMAT/GRE
The entrance exam requirement may be waived for outstanding applicants who meet certain criteria

In addition, Florida State University undergraduate accounting students applying for the Master of Accounting (MAcc) program with an overall GPA of at least 3.4 and an upper-division accounting GPA* of at least 3.2 can now qualify to have the GMAT test requirement waived.  A completed GMAT test is also not required (for those meeting the waiver criteria) to be considered for MAcc graduate assistantships/fellowships.

*Note:  The upper-division accounting GPA is based on the 8 required upper-division ACG/TAX courses (ACG 3101, ACG 3111, ACG 3341, ACG 4201, ACG 4401, ACG 4632, TAX 4001, and TAX 4011).

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Program Costs

ESTIMATED PROGRAM COSTS FOR THE 2016-2017 ACADEMIC YEAR

The MAcc program requires 33 credit hours:

  • Florida residents: $479.32 (tuition plus fees) per credit hour. Total estimate program cost is $15,817.56.
  • Non-Florida Residents: $1,110.72 (tuition plus fees) per credit hour. Total estimate program cost is $36,653.76.

The MAcc program for non-accounting majors adds up to 51 credit hours at an undergraduate rate:

  • Florida residents: $ 215.55 (tuition plus fees) per credit hour. Total estimate program cost for year 1 is $10,933.05.
  • Non-Florida Residents: $ 721.10 (tuition plus fees) per credit hour. Total estimate program cost for year 1 is $36,776.10.

Note: These costs do not include required books and supplies for courses.  Costs are subject to change. Fees in table do not include some per-term flat fees for FSUCard and facilities use. For a breakdown of on-campus student fees and their explanations, visit the university’s Tuition Rates page.

Learn more about why our graduate programs are considered “A Smart Choice in Value." 

Financial Assistance

The Department of Accounting awards a number of fellowships to applicants with strong academic credentials. No duties are associated with these fellowships other than the requirement to remain a full-time student in good standing in the MAcc program. The funding for these awards is provided by contributions from professional accounting firms, corporations, alumni and friends of the Department of Accounting. Currently, fellowships are $1,500 per year, payable in equal installments over three terms. 

Additionally, a number of graduate assistantships are available. These assistantships are a combination of cash payments and tuition waivers and require the student to work 10 hours per week as a graduate research or teaching assistant. Assignments are made as research assistants or teaching assistants according to the current needs of the Department of Accounting. Interested applicants must apply for the MAcc program by March 1 to be considered for fall funding.

Read more about the college’s financial assistance options for graduate students.

You may also visit Florida State's financial aid web site for more information on types of financial aid.

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