The Master of Accounting (MACCT) degree, a STEM-designated program, prepares college graduates for successful careers in public accounting firms and major corporations. Through a comprehensive, industry-endorsed curriculum which requires 30 credit hours, students develop analytical skills and acquire the professional expertise to take on the challenges of a professional accounting career. The MACCT program offers two-semester and three-semester options, the latter of which allows time for students who begin their studies in the fall to complete a summer internship.
Freeman also offers a five-year joint Bachelor of Science in Management/Master of Accounting (BSM/MACCT) program. This course of study is designed to give students the knowledge, skills and preparation to immediately enter the accounting profession following graduation. In just five years, students graduate with two degrees, eligibility to sit for the CPA exam in the jurisdictions of their choice, and the confidence and expertise to become an accounting professional.
Curriculum
Prerequisites
To be admitted to the MACCT program, a student must have an appropriate undergraduate background in accounting or business and have satisfactorily completed the following prerequisite courses:
- Financial Accounting Principles [ACCN 2010 Financial Accounting (3 c.h.) or equivalent] - Concepts, techniques, and conventions for measuring and communicating the results of operations and the financial position of a business enterprise are introduced. Emphasis is placed on the development and use of publicly-reported financial information.
- Managerial/Cost Accounting Principles [ACCN 3010 Managerial Accounting (3 c.h.) or equivalent] - The role of accounting information in management decision-making for profit-seeking organizations is emphasized. The importance of information to decision-relevance is developed through study of traditional cost accounting, managerial economics, operations research, and the behavioral sciences.
- Intermediate Accounting I and II [ACCN 3100 Intermediate Accounting I (3 c.h.) and ACCN 4110 Intermediate Accounting II (3 c.h.) or equivalent] - These conceptually-oriented courses introduce intensive examination of financial reporting issues, financial statement categories, and the institutional environment of financial accounting. Students may complete the prerequisite courses in their undergraduate programs or prior to MACCT matriculation at a school accredited by The Association to Advance Collegiate Schools of Business (AACSB).
Degree Requirements
BSM/MACCT Students
In addition to their BSM degree requirements, dual-degree students must complete the following coursework or equivalent:
Course ID | Title | Credits |
---|---|---|
ACCN 7100 | Ethics in Accounting and Finance | 3 |
ACCN 7110 | Auditing | 3 |
ACCN 7120 | Advanced Financial Accounting | 3 |
ACCN 7140 | Advanced Managerial Accounting | 3 |
LGST 7210 | Business Law | 3 |
TAXN 7100 | Principles of Entity Taxation | 3 |
Plus 3 credit hours of ACCN/TAXN electives | 3 | |
Plus 9 credit hours of other approved electives | 9 | |
Total Credit Hours | 30 |
MACCT Students
Students entering the MACCT program must complete the following 18 credit hours of required courses, plus a non-credit career development and management course. If a required course was completed at the undergraduate level, students must substitute an approved elective to meet the 30 credit hour requirement.
Course ID | Title | Credits |
---|---|---|
ACCN 7100 | Ethics in Accounting and Finance | 3 |
ACCN 7110 | Auditing | 3 |
ACCN 7120 | Advanced Financial Accounting | 3 |
ACCN 7140 | Advanced Managerial Accounting | 3 |
CDMA 6030 | Advanced Career Development and Management | 0 |
LGST 7210 | Business Law | 3 |
TAXN 7100 | Principles of Entity Taxation | 3 |
Electives 1,2 | 12 | |
Total Credit Hours | 30 |
- 1
Students must take 12 credit hours of elective courses, at least 3 credit hours of which must have an ACCN or TAXN prefix.
- 2
Financial Communications (MCOM 6130 Financial Communications (3 c.h.)) is required for students who have not completed a similar course taught in English.
Note: Students are not required to meet the educational requirements to sit for the Certified Public Accountant (CPA) exam in any state or territory. However, they may elect to become eligible if they wish. In this case, they would work closely with their MACCT faculty adviser to develop an appropriate program plan. The final determination of whether a CPA exam applicant meets the educational qualifications necessary to sit for the exam in any given U.S. state or territory resides solely with the Board of Accountancy in that state or territory. All State Boards of Accountancy require evaluation and approval of a candidate’s academic credentials prior to sitting for the exam. See the National Association of State Boards of Accountancy (NASBA) website at https://nasba.org/ for more details including links to the state/territory jurisdictions as well as services that provide academic evaluations of coursework and credentials. Students who do not have an undergraduate business degree may need to take additional courses to qualify to sit for the CPA exam.
Specializations
While all MACCT students can earn an accounting major on their graduate transcripts, it is possible for students to pursue a tax major or a variety of specializations. Requirements for the tax major and all specializations within the MACCT program follow. Students may not count the same course for multiple specializations. However, if a course is required for two specializations, students may substitute the required course with another approved course for the second specialization. No more than two specializations may appear on the final transcript.
Analytics
Course ID | Title | Credits |
---|---|---|
ACCN 7290 | Accounting Analytics | 3 |
Plus 6 credit hours from the following: | 6 | |
Accounting Information Systems | ||
Financial Modeling | ||
Econometrics and Forecasting | ||
Org Rsh Methods & Analytics | ||
Modeling and Analytics | ||
Advanced Spreadsheet Modeling | ||
Social Media and Online Marketing | ||
Data and Analysis for Marketing Decisions | ||
Total Credit Hours | 9 |
Energy
Course ID | Title | Credits |
---|---|---|
ACCN 7210 | Energy Accounting and Valuation | 3 |
Plus 6 credit hours from the following: | 6 | |
Energy Mrkts, Inst & Pol | ||
Energy Modeling | ||
Energy & Environ Economics | ||
Energy Fund & Trading | ||
ENRG 7300 | ||
Energy Risk Management | ||
Trading: Wholesale Elec Mkts | ||
Energy Investment Banking |
Entrepreneurship
Course ID | Title | Credits |
---|---|---|
ACCN 7280 | Accounting and Controls for Operational Risk | 3 |
Plus 6 credit hours from the following: | 6 | |
Venture Cap & Private Equity | ||
New Venture Planning | ||
Negotiations | ||
Innovation Tech Commercial | ||
Mgmt of Tech & Innovatn | ||
Strategic Human Res Mgmt | ||
New Product Development | ||
Data and Analysis for Marketing Decisions | ||
Total Credit Hours | 9 |
Risk Management
Course ID | Title | Credits |
---|---|---|
ACCN 7270 | Accounting for Business and Financial Risk | 3 |
ACCN 7280 | Accounting and Controls for Operational Risk | 3 |
Plus 3 credit hours from the following: | 3 | |
Advanced Auditing | ||
Forensic Accounting | ||
Total Credit Hours | 9 |
Strategic and Innovation Management
Course ID | Title | Credits |
---|---|---|
ACCN 7280 | Accounting and Controls for Operational Risk | 3 |
Plus 6 credit hours from the following: | 6 | |
Strategic Mergers and Acquisitions | ||
Negotiations | ||
Competition & Strategy | ||
Innovation Tech Commercial | ||
Mgmt of Tech & Innovatn | ||
Strategic Human Res Mgmt | ||
Total Credit Hours | 9 |
Structured Finance
Course ID | Title | Credits |
---|---|---|
ACCN 7270 | Accounting for Business and Financial Risk | 3 |
Plus 6 credit hours from the following: | 6 | |
Financial Statement Analysis | ||
Investments & Asset Pricing | ||
Financial Modeling | ||
Valuation | ||
Fixed Income Analytics & Model | ||
Other 7000-level FINE course if approved by adviser and instructor | ||
Total Credit Hours | 9 |
Taxation Specialization/Major
Specialization:
Course ID | Title | Credits |
---|---|---|
TAXN 7260 | Taxation of Individuals | 3 |
TAXN 7280 | Research In Taxation | 3 |
TAXN 7290 | Partnership & S Corp. | 3 |
Total Credit Hours | 9 |
Major:
Course ID | Title | Credits |
---|---|---|
TAXN 7260 | Taxation of Individuals | 3 |
TAXN 7280 | Research In Taxation | 3 |
TAXN 7290 | Partnership & S Corp. | 3 |
Plus 3 credit hours from the following courses: | 3 | |
Ind Study-Taxation 1 | ||
3LAW 3920 | 2 | |
Tax: State & Local Tax 2 | ||
Other Law School course if approved by adviser and instructor | ||
Total Credit Hours | 12 |
- 1
1-3 credit hours
- 2
2 credit hours
Sequential Degree Option
MACCT students who wish to enhance their finance knowledge may pursue the Master of Finance (MFIN) degree after completion of the MACCT graduation requirements. To pursue this sequential degree, students must apply and be accepted to the MFIN program and graduate from the MACCT program. A maximum of 9 credits from the MACCT degree can be shared to meet the MFIN degree requirements. Thus, 25 credits must be completed in the MFIN program to earn the second degree.
Required courses for the MFIN degree include:
Course ID | Title | Credits |
---|---|---|
ACCN 6030 | Financial Reporting I | 3 |
ACCN 6040 | Financial Reporting II | 4 |
FINE 6050 | Corporate Finance | 3 |
FINE 7160 | Investments & Asset Pricing | 3 |
FINE 7630 | Equity Analysis/Freeman Report | 3 |
FINE 7640 | Valuation | 3 |
FINE 7650 | Fixed Income Analytics & Model | 3 |
FINE 7660 | Financial Risk Management | 3 |
or FINE 7670 | ||
MCOM 6130 | Financial Communications | 3 |
If students successfully completed prior academic work covering substantially the same material, a required course may be waived. Course waivers must be approved before enrollment by the MFIN faculty adviser. Any required courses waived because of prior academic work must be replaced with approved elective courses to increase the credit hours earned within the MFIN program to 25 credit hours.
Students interested in this sequential degree option should work closely with their academic adviser and admissions team leader for additional information and guidance.