Objectives of the Master of Accounting (MAcc) Program
The primary
objective of the MAcc degree program is to provide a graduate-level educational
experience as a basis for a career in accounting. Students with or without
undergraduate degrees in accounting can be admitted to this program. The
program provides a broad-based preparation for individuals seeking careers
in public, private or not-for-profit organizations. By choosing specific
elective courses, however, individuals desiring a particular career path may
pursue an area of specialization, such as Auditing, Information Systems,
Financial Accounting, Managerial Accounting or Taxation.The MAcc program
is designed for dedicated students with career aspirations demanding a high
level of accounting expertise. As such, the program involves both intensive and
extensive professional preparation. Upon completion of the program, most
students will have met the educational prerequisites for the following
professional examinations: Certified Public Accountant (CPA), Certified
Management Accountant (CMA), and
Certified Internal Auditor (CIA). Links for more information on these
certifications are available on the Other Links link.
Program of Study
The MAcc program has two alternative tracks.
1) The 152-hour undergraduate-graduate option requires UNO undergraduate
accounting majors to apply to the MAcc program before they achieve senior
status. Applicants to the 152-hour MAcc track must successfully
complete the GMAT as part of the admission requirements. See the special
information for 152-hour MAcc program applicants under the How to Apply
. Please note that UNO's MBA Program does not accept graduate
courses taken by
152-hour MAcc students who have not earned their Bachelor's Degree. Therefore, if you
are not certain that you will continue with your MAcc Program after earning your
BSBA, you should be certain that the graduate program to which you are thinking
of applying accepts graduate courses taken before the Bachelor's Degree is
earned.
2) The second option is for graduates of accredited undergraduate institutions
who wish to earn a Masters degree in accounting. The first stage of this track
(the foundation courses) of the MAcc program contains sufficient undergraduate
accounting preparation to pursue graduate studies in accounting. These courses will be
waived upon satisfactory evidence of prior preparation. In the second stage,
students complete a core of required courses in accounting and supporting
business disciplines. In consultation with the MAcc Program Director, electives are selected to
meet a student's specific career goals.
Admission Requirements
All applicants must meet the
requirements of the
UNO Graduate College. All applicants must submit a completed
application, a recent
resume, two official copies of all transcripts, and results of the Graduate
Management Admission Test (GMAT) prior to admission to the program. Although
other factors are considered, the general admission formula is:
GMAT (minimum 550*) + (200 x Upper Division GPA) ≥ 1170
*(minimum verbal 26 or 40th percentile;
minimum quantitative 35 or 40th percentile)
International students must provide statements of financial independence and
evidence of ability to speak and write the English language; i.e. a minimum of
600 on the paper-based TOEFL (250 if computer-based; 100 if internet-based). The
baccalaureate degree must have been received from a properly accredited
institution.
There is no guarantee that admission will be granted simply because the
indicated scores have been achieved. If granted provisional admission, the
student must earn grades of "B" (3.0 on a 4.0 scale) or above in the first 12
hours of MAcc course work (in some cases the first 18 hours). Students not
meeting this standard are subject to dismissal.
Foundation Courses
The following MAcc foundation course requirements can be
fulfilled in two ways:
1) Prior to applying to the MAcc Program, the applicant can successfully complete (i.e. earning a
grade of “C” (2.0 on a 4.0 scale) or better) these MAcc foundation
courses in the applicant’s undergraduate program at a
properly accredited institution.
2) Otherwise, MAcc applicants who have not yet completed all or
some of the these MAcc foundation courses will be admitted to the MAcc
Program provisionally. Provisionally admitted MAcc students must earn a “B” or
better in each foundation course not completed prior to their provisional
admission, and these foundation courses must be completed prior to enrolling in MAcc
Program graduate-only courses.
- ACCT 2010 Principles of Accounting I
- ACCT 2020
Principles of Accounting II
- ACCT 3020 Basic Federal Income Taxation
- ACCT
3030 Intermediate Financial Accounting I
- ACCT 3040 Intermediate Financial
Accounting II
- ACCT 3050 Intermediate Managerial Accounting
- ACCT 3080
Accounting Information Systems (See ACCT 3080 Note below)
- ACCT
4080 Principles of Auditing
- BSAD 3160 Managerial Statistics for
Business
- BSAD 8180 Analytical Foundations of Economics OR BOTH
ECON 2220 Principles of
Macro Economics
ECON 2200
Principles of Micro Economics
ACCT 3080 Note: Applicants whose undergraduate degree
program included BSAD 3100 Management Information Systems or CIST 3100
Organizations, Applications and Techniques do not have to take ACCT
3080. However, be aware that only ACCT 3080 meets the NE CPA Exam
requirements for information systems.
Master of Accounting Degree Requirements
MAcc students are subject to all
policies
and procedures of the UNO Graduate College.
A. Core Accounting Courses -
15 hours
Select any five of the following:
-
ACCT 8210 Financial Accounting
Theory
-
ACCT 8220 Federal Estate and Gift
Taxation
-
ACCT 8230 Strategic and Operational Planning
and Control
-
ACCT
8250 Seminar in Accounting
(Note: The content of ACCT 8250 changes periodically.
A student may take this course for up to six (6) credit hours if the
course content changes.)
-
ACCT 8260 Federal Tax Research
and Planning
-
ACCT 8290 Advanced Financial
Auditing
-
ACCT 8900 Independent
Research
(Note: Before registering for ACCT 8900, a student must
complete an ACCT 8900 Contract form with a faculty advisor.)
-
ACCT 8910 Special Topics in
Accounting
NOTE: A student may elect to write a thesis for 6
credit hours in lieu of 3 elective hours and 3 accounting core course
hours.
B. Contemporary Business Environment Courses - 9 hours
The following three courses are required. Students who have
completed graduate courses in one or more of these areas must, in
consultation with the MAcc Program Director, select another non-accounting
graduate course(s). If you have completed FNBK 4150 within the last
five years, you should not take BSAD 8500.
- BSAD 8010 Legal, Ethical
and Social Environment
- BSAD 8400 Marketing
Policies
- BSAD 8500 Financial Management
C. Electives - 12 hours
In consultation with the MAcc Program Director, students must select twelve (12) hours of additional graduate work.
These graduate courses can be taken in any area the student desires. A
maximum of nine (9) hours of "8--6" (cross-listed) courses may be included
in a graduate program of study. Students may select a minor in an area
of interest. A minor usually requires nine (9) graduate hours (no 8--6
courses) and the permission of the minor department. Students who will be sitting for the CPA exam in Nebraska must
take: 1) ACCT 8076 Governmental/Nonprofit Accounting and Auditing (this course
can be taken as an elective in the MAcc Program, assuming that a student has
not already taken 9 hours of 8--6 courses), and 2) Managerial Communications
(MGMT 3200) or an equivalent business communications course.
D. Comprehensive Examination
Students must pass a
comprehensive final examination in their last semester of the MAcc program
unless their program of study includes ACCT 8900. See the <Info &
Forms link on the MAcc Home Page for more details.
Academic Performance
In addition to the
Quality of Work Standards
required by the UNO Graduate College, MAcc students may repeat only
once any ACCT 8--0, or 8--6 level course in which they receive any grade,
including "W" or "I".
Students earning a third grade of "C+" or lower (or any single grade below
"C- "(1.67 on a 4.0 scale) will be automatically dismissed from the MAcc
program. Dismissed students will be immediately administratively withdrawn
from all courses in which they are enrolled for MAcc credit in any subsequent
semester or summer session until reinstatement has been granted by the MAcc
Graduate Program Committee (MAcc GPC).
Students who have been dismissed from the MAcc program may submit a written
petition for reinstatement to the MAcc GPC. Students who have petitioned the
MAcc GPC for reinstatement may not enroll in any courses for MAcc credit. Upon
receiving a petition for reinstatement, the MAcc GPC will evaluate the
student's petition. As part of the reinstatement petitioning process, the MAcc
GPC reserves the right to examine the student's academic record and reserves
the right to speak to any previous instructor who has taught the student, and
this information may be used by the MAcc GPC in the reinstatement decision.
Information provided by previous instructors will not be shared with the
student. Reinstatement is a privilege, and not all students who are dismissed
will be reinstated. Students who have been reinstated will serve a
probationary period of the MAcc GPC's discretion and must satisfy the
probationary conditions specified by the MAcc GPC. In addition to probationary
conditions, reinstated students will be subject to additional reinstatement
conditions as specified by the MAcc GPC. These reinstatement conditions will
include retaking one or more courses in which the student must earn a grade of
"B" (3.0) or higher (the exact grade requirements for retaken courses may in
fact be higher than "B" (3.0)). Students not achieving the probationary or
reinstatement conditions will be automatically dismissed.
Internships
Students in the 152-hour MAcc program are encouraged (but not required) to apply for full- or
part-time internships even though the MAcc Program does not grant graduate
credit for internships. Students seeking information about internships should
contact the Accounting Internship
Program Coordinator by following the Accounting Internship link.
Financial Assistance
The Graduate
Studies Student Funding link provides information about graduate scholarships,
assistantships, and Regents' Tuition Waivers that are available to qualified
students. Employed applicants should
explore tuition reimbursement plans from their employers. The CBA
Graduate Assistantship application form can be found on the Info & Forms
link on the MAcc Home Page.