Accounting

Master of Accountancy (M.Ac.) Program

Ready to further develop your accounting expertise? By completing the Tippie College's Master of Accountancy (M.Ac.) Program, you'll satisfy the 150 semester hours needed to sit for the CPA exam in Iowa and you'll receive a master's degree.

You'll take courses that broaden your perspective on the role of accounting in organizations and decision making, and you'll acquire expertise in one of four areas of specialization: financial/auditing, management information systems, managerial accounting, or tax.

Iowa's internationally ranked graduate accounting program is your competitive advantage.

Requirements

The Master of Accountancy (M.Ac.) is a nonthesis program that requires a total of 30 semester hours (s.h.) beyond the BBA.

Students who earn an undergraduate degree in accounting from another college or university, or who receive a bachelor's degree in an area other than accounting, can obtain professional training in accounting by directly entering our Master of Accountancy (M.Ac.) Program. We tailor the M.Ac. program of study to meet the individual's needs in light of his or her background.

For those students who enter with an undergraduate degree in accounting, the program is designed to be completed within one calendar year. Students with an undergraduate degree in another area of business typically are required to take 45-51 s.h. Those with degrees outside of business typically are required to take 57-60 s.h.

In order to beome licensed as a CPA most states require 150 hours of college education and a minimum number of accounting course hours in a variety of topics. Our M.Ac. program will help students satisfy the educational requirements for CPA licensure. See Professional Certifications for additional information about professional certifications.

Under the accountancy law that became effective in Iowa in January 2001, an individual wanting to practice as a certified public accountant (CPA) will be required to have 150 s.h. of college education. The M.Ac. Program satisfies this certification requirement.

Courses taken during M.Ac. candidacy build upon the technical skills acquired in an undergraduate accounting program or in accounting courses taken as prerequisites or upon first entering the M.Ac. program. They broaden the student's perspective on the role of accounting in organizations and decision making, and further develop his or her written and oral communication skills. This course work focuses on the conceptual and economic foundations of accounting with applications to current and emerging problems or professional practice. In addition, the master's-level course work provides an opportunity to acquire added expertise in one of four areas of specialization:

  • Financial/Auditing
    Focus on the preparation, audit, and use of corporate and not-for-profit financial statements as preparation for a career in public accounting, corporate finance, or internal audit.
  • Management Information Systems
    Focus on systems architecture, database design, software engineering, and telecommunications as preparation for a variety of career opportunities including consulting and assurance services.
  • Managerial Accounting
    Focus on cost management and budgeting as preparation for a career as a management specialist for organizations across the employment spectrum.
  • Tax
    Focus on tax planning and tax research as preparation for a career in public accounting or industry.

Students who do not wish to pursue an area of specialization must complete 30 s.h. beyond the BBA. To complete the Core Program Requirements, at least 15 s.h. must be taken in graduate-level accounting courses and a total of at least 21 s.h. must be in courses at the 200-level.

Accounting courses offered in the M.Ac. Program are:

  • ACCT:9120 (6A:220) Design and Use of Cost Management Systems
  • ACCT:9130 (6A:221) Financial Reporting: Theory and Practice
  • ACCT:9140 (6A:230) Advanced Auditing
  • ACCT:9050 (6A:231) Tax and Business Strategy
  • ACCT:9150 (6A:241) Research in Taxation
  • ACCT:9040 (6A:245) Financial Information and Capital Markets)