Master of Accounting (MAcc)


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Begin your application today by entering the Graduate Admissions Portal. Submit your application by:

June 1* for fall entry
October 1 for spring entry
March 1 for summer entry.

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

  Contact Us

   Phone 850-644-6458
   Toll Free 877-587-5540
  gradprograms@business.fsu.edu

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 challenging 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. Completion of the program fulfills the educational requirements to be licensed as a Certified Public Accountant 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

Select the degree path that best fits your plans

Master of Accounting (MAcc) for accounting majors
One-year program for baccalaureate accounting graduates (Download the brochure)

Master of Accounting (MAcc) for non-accounting majors
Program for baccalaureate graduates without an accounting degree. Length depends on candidate’s background. (Download the brochure)

The College of Business also offers a Combined Bachelor of Science in Accounting/Master of Accounting (BS/MAcc) Pathway, an accelerated program for top undergraduate accounting students at FSU that streamlines coursework by nine credit hours. For more information, visit business.fsu.edu/BS-MAcc.


  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.

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.

  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 10 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.

 

Curriculum

Each of the MAcc’s three majors consists of 10 courses (30 credit hours) typically taken as four courses in the spring and fall semesters and two courses in the summer. 

Please note: Program requirements are subject to change.

Assurance and Advisory Services Major

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

Standard MAcc curriculum

MAcc curriculum for BS/MAcc students

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)

GEB 5086 – Professional Development (3 hrs)

GEB 5944 – Graduate Internship (3 hrs) or one non-accounting
elective* course (3 hrs)

MAN 5716 – Business Conditions Analysis (3 hrs)

*Non-Accounting electives may be any 5000 level business graduate course except ACG 5026.

Required courses:

ACG 5216 – Advanced Accounting (3 hrs)**

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)

BUL 5335 – Law for Accountancy (3 hrs)**

TAX 5015 – Federal Income Tax Accounting II 
(3 hrs)**

** Indicates courses that combined pathway students take as an undergraduate.


Generalist Major

  • Allows students to expand their overall accounting knowledge.
  • Emphasizes skills necessary for success in the various facets of accounting.
  • Leads to a career in multiple areas of accounting.

Standard MAcc curriculum

MAcc curriculum for BS/MAcc students

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)

ACG 5695 – Challenges in Professional Accounting (3 hrs)

GEB 5086 – Professional Development (3 hrs)

GEB 5944 – Graduate Internship (3 hrs) or one non-accounting
elective* course (3 hrs)

TAX 5005 – Taxes and Business Strategy (3 hrs)

MAN 5716 – Business Conditions Analysis (3 hrs)

Plus one accounting elective* course (3 hrs)

*Accounting electives may be any 5000-level ACG or TAX course except ACG 5026.  Non-Accounting electives may be any 5000 level business graduate course except ACG 5026.

Required courses:

ACG 5216 – Advanced Accounting (3 hrs)**

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)

ACG 5695 – Challenges in Professional Accounting (3 hrs)

BUL 5335 – Law for Accountancy (3 hrs)**

TAX 5005 – Taxes and Business Strategy (3 hrs)

TAX 5015 – Federal Income Tax Accounting II 
(3 hrs)**

Plus one elective* accounting course (3 hrs)

*Accounting electives may be any 5000-level ACG or TAX course except ACG 5026.

** Indicates courses that combined pathway students take as an undergraduate.


Taxation Major

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

Standard MAcc curriculum

MAcc curriculum for BS/MAcc students

Required courses:

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

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

ACG 5695 – Challenges in Professional Accounting 
(3 hrs)

GEB 5086 – Professional Development (3 hrs)

GEB 5944 – Graduate Internship (3 hrs) or one non-accounting
elective* course (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 5005 – Taxes and Business Strategy (3 hrs)

*Non-Accounting electives may be any 5000 level business graduate course except ACG 5026.

Required courses:

ACG 5216 – Advanced Accounting (3 hrs)**

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

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

ACG 5695 – Challenges in Professional Accounting 
(3 hrs)

BUL 5335 – Law for Accountancy (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 5005 – Taxes and Business Strategy (3 hrs)

TAX 5015 – Federal Income Tax Accounting II 
(3 hrs)**

** Indicates courses that combined pathway students take as an undergraduate.

  Application Process

The following items should be submitted through the Florida State Graduate Application portal, available exclusively online at admissions.fsu.edu/gradapp:

  • Applicant Statement
  • 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 fees.fsu.edu

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 (FSU transcripts are not necessary for FSU alumni, students)
  • Florida Resident Affidavit, if applicable (see University Application or admissions.fsu.edu/images/pdf/residency.pdf
  • Official TOEFL/IELTS score report (required of international applicants whose native language is not English and who have not completed an undergraduate or graduate degree in an English-speaking country).  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 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 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.

For more international applicant information, including financial responsibilities, degree equivalency, etc., visit admissions.fsu.edu/international.


Waiving the GMAT/GRE

The entrance exam requirement may be waived for outstanding applicants who meet certain criteria. Read the official policy.

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, an upper-division GPA of at least 3.2 and an upper-division accounting GPA of at least 3.2 can now qualify to have the GMAT test requirement waived. The upper-division accounting GPA is based on the following eight required upper-division ACG/TAX courses completed at the time of application: ACG 3101, ACG 3111, ACG 3341, ACG 4201, ACG 4401, ACG 4632, TAX 4001 and TAX 4011.

A completed GMAT test is also not required (for those meeting the waiver criteria) to be considered for MAcc graduate assistantships/fellowships.

  Program Costs

The MAcc program requires 30 credit hours. Below are estimated costs for the 2019-2020 academic year:

  • Florida residents: $479.32 (tuition plus fees) per credit hour. Total estimate program cost is $14,379.60.
  • Non-Florida Residents: $1,110.72 (tuition plus fees) per credit hour. Total estimate program cost is $33,321.60.

The MAcc program for non-accounting majors can include up to 51 additional undergraduate credit hours at an incremental cost of:

  • 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.


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 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.

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 funding.

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

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

  Course Descriptions

ACG 5216 Advanced Accounting
Prerequisite: ACG 3111. This course provides an in-depth study of financial reporting and accounting principles related to investments, business combinations, consolidated enterprises, and foreign operations and the statement of cash flows.

ACG 5135 Financial Accounting Theory and Standard Setting
Prerequisite: ACG 4201 or ACG 5216 Advanced Accounting. 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 or ACG 5216 Advanced Accounting. 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 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.

BUL 5335 Law for Accountancy
This course exposes students to the basic concepts of law as applied to the accounting profession. The focus is on the application and analysis of legal and ethical principles.

GEB 5086 Professional Development
This course surveys professional development and familiarizes students with various aspects of successful career preparation and position acquisition, as well as crucial team participation skills and an understanding of workplace dynamics.

GEB 5944 Graduate Internship
This internship offers a working and learning experience in the business industry.

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 5005 Taxes and Business Strategy
Prerequisite:  TAX 4011 or TAX 5015.  Provides a framework for understanding how taxes affect decision-making, asset prices, equilibrium returns, and the financial and operational structure of firms.

TAX 5015 Federal Income Tax Accounting II
Prerequisite: TAX 4001. This course explores concepts and methods of determining income of corporations, partnerships, estates, and trusts for tax purposes as well as interpretation of Internal Revenue Code, related regulations, and tax advisory services.

TAX 5065 Research in Federal Taxation
Prerequisite: TAX 4011 or TAX 5015. 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 or TAX 5015.  Develops comprehensive knowledge of corporate income taxation concepts, problems and authorities.

TAX 5205 Pass-Through Entities and Fiduciaries
Prerequisite: TAX 4011 or TAX 5015. Comprehensive coverage of the income taxation of pass-through entities including partnerships, LLCs, Subchapter S corporations, and business trusts.


For more information, contact Holly Sudano, MAcc Program Director.

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