Master of Accountancy


The Master of Accountancy (MAcc) program is designed to prepare students for careers in business, internal auditing, government, and public accounting. The primary goals and objectives of the program are to develop competent accounting professionals who are knowledgeable in the various areas of professional practice and who possess:
  • The ability to provide, interpret, and communicate financial and operating information essential to understanding the activities of an enterprise;
  • The preparation to assume increasing levels of responsibility and leadership in the organizations they join; and
  • The qualifications to enter advanced programs in business and/or accounting
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Your way to a CPA
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The graduates of the program are well received and perform well in their job assignments, according to employers of graduates of the program. A large percentage of students become CPAs, and recently there has been an increased interest in the Certified Management Accountant (CMA), the Certified Internal Auditor (CIA), and the Certified Information Systems Auditor (CISA) examinations.

Accreditation

The Master of Accountancy program is one of only 165 accounting programs worldwide that hold Accounting Accreditation from AACSB International—the hallmark of management education.

Faculty

Accounting faculty members bring significant business and work experience to the classroom and challenge their students to apply their accounting knowledge to business problems that they will encounter outside the classroom. In addition, faculty members have published numerous books and journal articles, including textbooks on computer auditing and control, cost accounting, financial accounting, and federal taxation.

Programs of Study:

CSU's Master of Accountancy allows the student to pursue one of two programs of study:

How to Apply

Students applying to the Master of Accountancy program apply through the College of Graduate Studies may be required to take the GMAT or GRE exam and submit results before being considered for admission.  The Master of Accountancy program does not require letters of recommendation for admission.

Students applying to the MAcc program must meet both the admission requirements for the Graduate College as well as the admission requirements for the Master of Accountancy program (see below).

Applicants should adhere to the detailed application information as outlined on the Graduate College web site.

Applicants should note that GMAT test registration forms and fees must be received by the Educational Testing Service at least three weeks before the testing day selected. The GMAT test is given continuously throughout the year. Information and applications may be obtained from the CSU Testing Center, Rhodes Tower, Room 1237, (216) 687-2272. Alternatively, you may contact GMAT at 1-800-717-GMAT or visit their web site at http://www.mba.com/mba/TaketheGMAT.

 

Financial Assistance

A number of financial aid options are offered by the College of Graduate Studies. Visit their web site for more informtion or pick up an application form in the Graduate Business Programs Office.

The Monte Ahuja College of Business offers a limited number of graduate assistantships, tuition grants, and on-campus employment to qualified students. Interested applicants should complete a downloadable Graduate Assistant application.  Applications are accepted in the Graduate Business Programs office, Monte Ahuja Hall, BU 219.

 

Admission Requirements

Applicants to the Master of Accountancy program must meet the admission requirements for the Graduate College, as well as the following additional requirements:

  1. Admission to the Master of Accountancy program is based on a combination of the applicant's GMAT or GRE score and the undergraduate cumulative grade point average.
  2. The GMAT/GRE is not required for students with a minimum 3.0 cumulative undergraduate GPA, or for those who already have earned another masters degree. Students not required to take the GMAT/GRE are evaluated based upon transcripts and letters of recommendation (if provided).  The GMAT/GRE is also waived for applicants holding an advanced degree (masters, doctorate, MD, or other terminal degree).

    For students who are not required to take the GMAT or GRE, OSM 500 may be required if average grades for college mathematics courses are less than 3.0 in grade point average.

     

  3. Students who take the GMAT/GRE and score below the 20th percentile on the verbal section of the test are required to take the following remedial courses in business communication: GAD 502 (16th through 19th percentile); or GAD 501 and GAD 502 (below 16th percentile) Students scoring below the 25th percentile on the quantitative section of the GMAT/GRE are required to take a two-credit business mathematics course, OSM 500.

  4. An official transcript from each college or university previously attended must be sent to the Office of Graduate Admissions.

  5. Letters of recommendation are optional.

  6. International students' English language proficiency will be assessed with the University-mandated TOEFL test. Minimum scores for the Internet-based TOEFL (IBT) are as follows: reading, 20; speaking, 20; listening, 21; and writing, 17.

    Apply Now: http://www.csuohio.edu/gradcollege/admissions/apply.html

 

Degree Requirements

The Master of Accountancy is awarded on the basis of successful completion of 30 credit hours of Professional Preparation (Level III). Preparation for taking Level III courses is through completion or waiver of all Level I and Level II course requirements. Students are not normally allowed to register for Level III courses until all Level I and Level II courses have been either taken or waived.

Level I: Basic Skill Proficiency (12 credits)

Courses in Level I have been specially designed to bring skills up to acceptable levels for completing graduate-level work. These courses may be waived on the basis of GRE or GMAT results:

        

Course
Title
Credits
GAD 501 Business English 4
GAD 502 Intermediate Business English 3
OSM 500 Mathematical Models for Business 2


Level II: Accounting and Basic Business Knowledge (35 credits)

Courses in Level II are designed to provide knowledge of the basic business disciplines to prepare students for the upper-level graduate courses. These courses are waivable on the basis of recent undergraduate business course work.

 

Course
Title
Credits
ACT 501 Financial Accounting 3
ACT 521 Cost Accounting 3
ACT 531 Intermediate Accounting I 4
ACT 532 Intermediate Accounting II 4
BLW 511 Business Law 3
ECN 503 Economic Concepts 3
FIN 501 Financial Management 3
GAD 515 Communications for Managers 3
MKT 501 Marketing Management 3
MLR 501 Management & Organizational Behavior 3
OSM 503 Statistical Methods for Business Decisions 3
OSM 511 Operations Management 3

 

Level III: Professional Preparation

Level III course work is designed to prepare the student for successful entry into the profession. Students may choose between two programs--Financial Accounting/Audit and Taxation

Financial Accounting/Audit Program Requirements (30 credits)
Course
Title
Credits
ACT 621 Federal Income Tax* 4
ACT 622 Attest Function** 4
ACT 631 Selected Topics in Accounting*** 4
ACT 639 Accounting Policy 3
ACT 688 Accounting Systems**** 3
ACT 560 International Accounting Standards 3
Accounting Elective# (500 or 600 level) 3
Accounting Elective# (500 or 600 level) 3
Accounting Elective# (500 or 600 level) 3

 

*With successful completion of an equivalent course, this course will be waived and ACT 562 or another Tax course (3 credit hours) must be substituted.

** With successful completion of an equivalent course, this course will be waived and ACT 632 (3 credit hours) must be substituted.

*** With successful completion of an equivalent course, this course will be waived and ACT 634 (3 credit hours) must be substituted.

**** With successful completion of an equivalent course, this course will be waived and ACT 553 (3 credit hours) must be substituted.

^Students who substitute for ACT 621, 622 or 631 may need an additional ACT elective to reach the 30 credit hour core requirement.

# Prerequisite and/or waivable courses may not be used to satisfy elective credit.  ACT 600 may not be used as an elective option for either MAcc program.

 


Tax Program Requirements (34 credits)
Course
Title
Credits
ACT 621 Federal Income Tax* 4
ACT 636 Federal Income Taxation of Corp. 3
ACT 637 Taxation of Partnerships 3
ACT 638 Tax & Research Planning 3
Tax Elective (600 level) 3
Tax Elective (600 level) 3
Tax Elective (600 level) 3
ACT or Tax elective# (500 or 600 level) 3
ACT or Tax elective# (500 or 600 level) 3
ACT, Tax, business elective# (500 or 600 level) 3
ACT or business elective# (500 or 600 level) 3

 

*With successful completion of an equivalent course, this course may be waived and an additional Taxation course at the 600 level must be substituted.

 

# Prerequisite and/or waivable courses may not be used to satisfy elective credit.  ACT 600 may not be used as an elective option for either MAcc program.
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Mailing Address
Cleveland State University
2121 Euclid Avenue, BU 512A
Cleveland, OH 44115-2214
Campus Location
Dr. Bruce McClain
Monte Ahuja Hall, Rm. 512 A
1860 East 18th Street
Cleveland, OH 44115-2214
Phone: 216.687.4720
Fax: 216.687.9212
accountingdept@csuohio.edu



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