MAcc Program Information & Requirements

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.