NOTICE - This edition of the Catalog of Studies is provided as a courtesy to students who may be attending classes under these degree requirements. If you are a prospective student, or are attending class under a different set of degree requirements, please visit

http://catalogofstudies.uark.edu/

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Master of Accountancy
Program Coordinator, Deborah Thomas, 575-6132

The Master of Accountancy program (MAcc) is accredited by the AACSB - International Association for Management Education. AACSB accreditation assures quality and promotes excellence and continuous improvement in undergraduate and graduate education for business administration and accounting.

The MAcc program is designed to provide professional preparation at the graduate level for students wishing to pursue accounting-oriented careers in industry, government, and public practice. The program provides advanced work in the various areas of accounting. The educational objective of the MAcc program is to prepare students to become professional accountants. In addition to building upon specific undergraduate objectives, the master's program develops skills to 1) identify alternative solutions to accounting, auditing, and tax problems, 2) solve practice-related problems through archival and empirical research, and 3) critically analyze emerging practice-related problems. The MAcc program is a full-time program designed to be completed in one year.

Admission to Degree Program: The MAcc program is open to students who have an acceptable undergraduate grade-point average, an acceptable Graduate Management Admission Test (GMAT) score, and (international students only) an acceptable TOEFL score. Students entering the program are expected to possess a basic understanding of statistics, mathematics, information systems, accounting, and business. Course work deficiencies must be resolved at the beginning of the program.

Requirements for the Master of Accountancy Degree: Students with appropriate backgrounds in business administration and economics and with an undergraduate concentration in accounting will be required to complete 30 semester hours of course work beyond the baccalaureate degree, at least 21 semester hours of which must be in courses reserved exclusively for graduate students. Prior accounting and computer courses must either have been successfully completed within the five years prior to entry to the MAcc program, or the student must provide other evidence of current knowledge in these areas. Otherwise, applicants may be required to repeat selected courses.

All students must be enrolled for a mini-mum of 12 hours during consecutive Fall/Spring semesters. The student must be in residence a minimum of 24 weeks (see residency requirements of the Master of Arts/Master of Science).

Course work in the accounting discipline beyond introductory accounting must include coverage of each of the following areas:

a. financial accounting and accounting theory

b. management accounting and cost accounting

c. accounting information systems

d. financial and operational auditing

e. taxation

Eighteen semester hours of accounting are required, 12 hours of which are specified:

ACCT 5413, Accounting Issues for Restructuring
ACCT 5433 Fraud Prevention and Detection
ACCT 5443 Asset Management
ACCT 5463 Contemporary Accounting Issues

Nine semester hours of the student's program must be non-accounting electives. Three semester hours may be either accounting or non-accounting electives.

A student may transfer to the MAcc program not more than six hours of graduate level credit from an AACSB-accredited graduate program, provided that each course has a grade of "B" or better and the courses are acceptable to the departmental MAcc committee. Students contemplating transfer of credit should consult in advance with both the MAcc Adviser and the Graduate School of Business.

In addition to the degree requirements noted above, students with no undergraduate work in business administration and economics will be required to complete the courses or their equivalents listed below. Students with some background in business administration and economics, but with deficiencies in the following areas, will be required to remove these deficiencies as soon as possible.

• Financial management
• Legal environment
• Management concepts/organization behavior
• Management information systems
• Marketing principles
• Microeconomics and macroeconomics
• Production/operations management
• Statistics

A cumulative grade-point average of 3.00 is required on (1) graduate work taken for the degree and (2) all accounting courses (both undergraduate and graduate) taken for the degree. At least 75 percent of the graduate credit hours submitted for the degree must be "A" or "B" grades. The MAcc degree program does not require a thesis. Successful completion of a Master of Accountancy Degree from the University of Arkansas will qualify a student to take relevant professional examinations.

For further information, write to the MAcc Adviser, Department of Accounting, Walton College of Business, University of Arkansas, Fayetteville, AR 72701.