The Master of Science in Accounting Degree Program
The M.S. in Accounting Program is designed to provide the learning strategies, intellectual foundation, attitudes, and critical thinking skills needed for lifelong learning. This degree program is primarily directed toward those who seek a graduate professional degree and professional certification in accounting.
The degree program is available to students with diverse undergraduate degrees. The length of the program will vary depending on the accounting and business administration background the student possesses.
Specific Requirements for the Master of Science Degree
The Department of Accounting offers a graduate program of study leading to a 30 hour Master of Science degree. This includes 21-24 hours of graduate level accounting courses, and 6-9 hours of graduate level electives outside accounting.
Graduate Level Accounting Courses (21-24 hours)
Within the 21-24 hours of graduate level accounting courses, students are required to take the following courses (students having equivalent course work may seek waiver of any of these required courses):
ACC 630—Seminar in Contemporary Accounting Issues (3)
ACC 642—Specialized Accounting Entities (3)
ACC 655—Taxation of Corporations and Shareholders (3)
ACC 656—Taxation of Flow-Through Business Entities (3)
and one of the following:
ACC 631—Advanced Auditing (3)
ACC 638—Information Systems Auditing (3)
Additional hours to complete the 21-24 hours of graduate level accounting courses are selected from the following courses:
ACC 561—Governmental and Nonprofit Accounting (3)
ACC 613—Directed Studies in Accounting (1-3)
ACC 621—Accounting Internship (3)
ACC 628—Accounting Information Systems (3)
ACC 631—Advance Auditing (3)
ACC 638—Information Systems Auditing (3)
ACC 646—Advanced Study in Business Environment and Concepts (1)
ACC 647—Advanced Study in Financial Accounting and Reporting (1)
ACC 648—Guided Study in Taxation and Business Law (1)
ACC 649—Advanced Study in Auditing and Attestation (1)
ACC 652—Taxation of Estates, Gifts and Trusts (3)
ACC 688—Advanced Business Law (3)
Elective (6-9 hours)
With prior approval by the Director of the program, a student will select 6-9 hours of graduate courses outside of the department of accounting.
The Admission Procedure
Students must have a BA/BS degree for admission to the program. Students may be required to take prerequisite accounting and business courses depending on their academic background. The length of the program will vary from 12-48 months depending on the background, course choice, and enrollment status of the student. The average completion time is 18 months.
- Minimal criteria for admission will include a cumulative undergraduate GPA of at least 3.0. The program targets a 3.5 GPA. Added weight will be given to grades in accounting and business classes, if appropriate.
- The MS in Accounting program requires an entrance exam. The student may take either the GMAT or the GRE for admission. The minimum score for admission is 500. The Department targets a score of at least 550.
- The undergraduate student may apply for admission in their senior year. The program admits new students in Fall and Spring semesters.
- The admission packet will consist of a completed application, official transcripts, official GMAT/GRE scores, 3 letters of recommendation, a personal essay, and the application fee of $60.
- Please see below for possible ways to waive the entrance exam requirement.
MS in Accounting Evening Option
Beginning in the Fall of 2014, the MSA program can be completed in a combination of evening and online classes. This program is designed for the working professional interested in achieving a MS in Accounting degree for career advancement. The core accounting graduate classes will be offered in the evening on a rotating schedule so that these 6 classes can be completed in three years. The student can choose accounting and non-accounting electives to complete the 30 required hours that are also offered either at night or online. Interested students should talk with an advisor to help plan this special curriculum. This is not a separate program so the application process is the same.
The Accelerated Bachelor’s to Graduate Degree Program in Accounting (ADP)
The Accelerated Bachelor’s to Graduate Degree Program (ADP) in Accounting is designed to provide a more efficient means to obtain a graduate degree. The program is for students who have a high GPA and want to start taking courses that will count towards both their undergraduate and graduate degrees. The University benefits from retaining its best students for advanced study and students benefit from the shortened time to degree.
The ADP allows a student to begin accumulating credits towards completion of a graduate degree while still enrolled as an undergraduate. Undergraduates participating in this program are given an early decision on their graduate application pending successful completion of the baccalaureate and are allowed to take specified graduate level courses during the last semester of their senior year.
A maximum of 3 graduate credits taken during their undergraduate career may be applied towards completion of their graduate degree as long as the following criteria are met:
- The course must be ACC 600, Professional Research,
- The student must earn a grade of “B” (3.0) or better in the course,
- The student must fulfill the graduate level requirements of the course.
This graduate-level course will count towards the baccalaureate degree and the graduate degree, and the grade will be recorded on the undergraduate transcript and later on the graduate transcript. The Graduate School will authorize the acceptance of this credit on the student’s graduate record after the student has completed the undergraduate degree and has been admitted to the graduate program.
The ADP program in Accounting only accepts 3 graduate credit hours for the ACC 600 course in Professional Research.
The Admission Procedure for the Accelerated Degree Program
Beginning in the Spring of 2014,
- Minimal criteria for admission will include a cumulative undergraduate GPA of at least 3.5 based on at least 30 hours earned at the University of North Carolina, Greensboro (UNCG),
- The Accounting Department also requires an Accounting GPA of at least 3.5 based on at least 9 semester hours of Accounting classes earned at the University of North Carolina, Greensboro (UNCG),
- The undergraduate student may not apply for admission to the ADP in Accounting before the first semester of the senior year and must have completed at least 60 semester credits, including ACC 318 with a minimum grade of B.
- The student must apply for admission to the ADP in Accounting through The Graduate School. The student will complete the application for the MS in Accounting degree as well as a petition for admission to the ADP in accounting. This admission, if approved, will include admission to the graduate degree granting academic unit after the baccalaureate degree is awarded. After admission into the ADP, the student will be identified as having ADP status through a student group within the records management system.
- If accepted into the ADP program in Accounting, the student will NOT be required to take the GMAT for acceptance into the MS in Accounting program as long as the student maintains a GPA of at least 3.0 with a minimum of a “B” in the course.
International students who are admitted into the ADP in Accounting will work with The Graduate School and the Office of International Affairs in order to apply for a visa extension.
The GMAT Waiver Requests
There are four ways an applicant may request a waiver for the GMAT exam:
- An applicant with a CPA license issued in or transferrable to North Carolina.
- An advanced degree (MA, MS, MBA)
- From at least a regionally accredited institution which required an entrance exam such as the GMAT; AND
- Minimum GPA of 3.3 out of 4.0; AND/OR
- Minimum of 2-years relevant professional work experience.
- Membership in Beta Gamma Sigma
- A copy of the certificate should be scanned into the application
If you would like to request a copy of the waiver request form, please email Amanda Cromartie(firstname.lastname@example.org)to receive a copy and with any questions.