Walsh College

Master of Science in Accountancy

 


Graduates of our Master of Science in Accountancy program benefit from a reputation for strong accounting skills earned over our 90 years of placing accounting professionals with firms in Michigan.

Under a new public law in Michigan passed in 2010, persons wishing to be designated as certified public accountants (CPAs) no longer have to have one year (2000 hours) of experience working at a certified public accounting firm. The 2000-hour requirement may now be fulfilled through qualified experience in government, industry, academia or public practice. This is good news if you wish to develop a career path which includes becoming a CPA, but not limited to working at a CPA firm. For more information, visit www.walshcollege.edu/cpa.

Accounting Faculty

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CPA Requirements
Under a new public law in Michigan passed in 2010, persons wishing to be designated as certified public accountants (CPAs) no longer have to have one year (2000 hours) of experience working at a certified public accounting firm. The 2000-hour requirement may now be fulfilled through qualified experience in government, industry, academia or public practice. This is good news if you wish to develop a career path which includes becoming a CPA but not limited to working at a CPA firm. For more information, visit www.walshcollege.edu/cpa.

Employment in Accounting
As business and the economy expand, the need for accountants and auditors will rise. The demand for accounting professionals is expected to increase through 2013. Much of this growth is the result of additional governmental controls and renewed emphasis on accountability and independent auditing in the wake of corporate and Wall Street scandals.

Admission to Accounting
For our admission to our program, you must meet the following requirements:

  • An undergraduate degree from an accredited college or university. The institution must be accredited by the Commission on Institutions of Higher Education from the North Central Association, or one of the five other regional accrediting agencies
  • A cumulative grade point average of 2.750 or better on a 4.000     scale                                                                                                                                                                                        

Degree Tracks
Walsh College offers two distinct tracks in the MAC program:

  • Master of Science in Accountancy: Designed for students with a liberal arts, technical or business (non-accounting) background who wish to enter the field of accounting
  • Master of Science in Accountancy for Accounting Graduates: Developed for students with an accounting degree who want to advance their accounting careers

Master of Science in Accountancy 

  • 12-15 courses for a total of 36-45 credit hours dependent on previous accounting coursework completed
  • If you have previous courses in accounting,  you may be required to submit documentation of GMAT score of 500, CPA licensure, or take a Walsh College accounting placement exam
  • MAC foundation courses will be required if you do not have previous accounting courses
 Foundation Courses

ACC 500    Financial Accounting
ACC 501    Intermediate Accounting I
ACC 502    Intermediate Accounting II

 Core Courses

ACC 503    Financial Accounting Concepts
ACC 506    Accounting Information Systems
ACC 511    Business Combinations
ACC 512    Government and Not-for-Profit Accounting
ACC 515    Auditing
ACC 518    Accounting Communications
ACC 519    Advanced Managerial Accounting
ACC 520    International Accounting
TAX 595    Tax and Business Taxation I
TAX 596    Tax and Business Taxation II

 Electives (choose 2 additional courses from the following)

ACC 550    Advanced Accounting
ACC 574    Industry Accounting and Auditing

ACC 576    Business Ethics for Accountants
ACC 577    Payroll and Employee Benefits
ACC 578    Accounting for Income Taxes
ACC 580    Executive Compensation - ACC & TAX
TAX 597    Tax and Business Taxation III

TAX 598    Tax Return Seminar

 Additional Elective Courses (if required)

Students must choose any 500 level courses (except ACC 505 and TAX 593)

Master of Science in Accountancy for Accounting Graduates

  • 10 courses for a total of 30 credit hours
  • In order to place in to the correct accounting courses, you may submit documentation of GMAT score of 500, CPA licensure, or take a Walsh College accounting placement exam
 Foundation Courses - Choose 5 courses

ACC 500    Financial Accounting
ACC 501    Intermediate Accounting I
ACC 502    Intermediate Accounting II

ACC 503    Financial Accounting Concepts
ACC 511    Business Combinations
ACC 512    Government and Not-for-Profit Accounting
ACC 515    Auditing
ACC 518    Accounting Communications
ACC 520    International Accounting
ACC 550    Advanced Auditing
ACC 576    Business Ethics for Accountants
ACC 577    Payroll and Employee Benefits
ACC 578    Accounting for Income Taxes
ACC 580    Executive Compensation - ACC & TAX

 Specialization - Choose 5 courses in either Finance or Taxation

See course descriptions for more details on the courses below.

Finance

  • FIN 506, FIN 510, FIN  515, FIN 521, and one from FIN 502, FIN 504, FIN 551, FIN 587, FIN 589, FIN 590

Taxation

  • Choose any five from: TAX 501, TAX 507, TAX 540, TAX 545, TAX 595, TAX 596, TAX 597, TAX 598, TAX 599