Curriculum

The Online Master of Science in Accountancy is accredited by The Association of Advance Collegiate Schools of Business-International (AACSB). The curriculum includes 12 courses in accounting and students without a business background may be required to take additional business courses. The curriculum offers comprehensive coverage of all topics tested on the CPA exam. View courses combinations (below course listing) to use in your study schedule.

Accountancy Courses

ACC 500 - Financial Accounting

This is the first course in the program. You will learn the principles of preparing and understanding financial statements, covering both the transactional and mechanical side of the basics of accounting, including:

  • Accounting terminology
  • Elements of financial statements
  • The accounting cycle
  • The balance sheet, the income statement, and the statement of cash flows

ACC 535 - Principles of Accounting Information Systems

This course focuses on flow of accounting information in organizations. You will gain an understanding of security, internal controls, and the use of information technology in decision-making, including:

  • Objectives and procedures of internal control
  • Typical business documents and reports
  • System documentation through flowcharts and other techniques
  • Systems analysis and design

ACC 541 - Financial Accounting Theory & Practice I

This is the first course of intermediate accounting. It is designed to aid you in understanding and applying accounting principles and concepts, including:

  • Financial statements
  • Methods and problems in valuation and reporting
  • Current assets and liabilities
  • Property, plant and equipment, and intangibles

ACC 542 - Cost and Managerial Accounting

This course focuses on how to use internal accounting information to make sound managerial decisions. Emphasis is placed on understanding business transactions in the context of cost and managerial accounting analysis, including:

  • Cost accumulation and cost behavior
  • Budgeting and breakeven analysis
  • Performance measurement
  • Contribution approach to income measurement

ACC 543 - Financial Accounting Theory & Practice II

This course is designed to assist students in preparing and understanding financial statements and complex accounting principles and concepts.

  • Stockholders' equity and earnings per share
  • Investments and revenue recognition
  • Income taxes, pension, leases
  • Statement of cash flows

ACC 545 - Advanced Topics in Accounting Theory

The course covers the substantial issues related to accounting for acquisitions and subsequent consolidation of business entities, including:

  • Relevant standards governing financial accounting practice
  • State and local government accounting, and not-for-profit accounting
  • Alternatives to current financial accounting standards

ACC 547 - Audit and Regulation of Corporate Financial Reporting

This is the first of two courses of auditing and provides an introduction to auditing standards and to the theory of the audit. The course provides you with an understanding of the auditor as a professional in a legal, ethical, and business environment, including:

  • Generally accepted auditing standards
  • Communication, ethical, and other skills and attributes required of a professional accountant
  • Audit planning and the internal control structure
  • Audit evidence and auditor's reports

ACC 548 - Tax Treatment of Individuals and Property Transactions

The purpose of this course is to examine the U.S. taxation of individuals and includes an in depth study of the methods of the determination of tax. The course provides you with a deeper understanding of tax topics, including:

  • Inclusions and exclusions
  • Deductions and credit
  • Rates of taxation and special tax computations
  • Tax aspects of property transactions

ACC 550 - Advanced Topics in Auditing

This is the second of two courses in auditing. The course emphasizes the implementation and application of generally accepted auditing standards to financial transactions, including:

  • Sampling techniques used in tests of controls
  • Internal control in accounting information systems
  • Audit tools, software, and techniques
  • The role of internal auditors

ACC 551 - Tax Treatment of Corporations and Partnerships

The purpose of this course is to examine the U.S. taxation of corporations and partnerships and includes an in depth study of the methods of the determination of tax. The course provides you with a deeper understanding of tax topics, including:

  • Capitalization, depreciation, and amortization
  • Tax accounting periods and methods
  • C and S corporations
  • Partnerships, trusts, gifts, and estate
  • International taxation

ACC 552 - Professional Responsibilities and Business Law

This course covers the legal and regulatory aspects of the practice of accounting. It provides knowledge of business structures underlying accounting transactions, including:

  • Legal liability of accountants
  • Laws of employment, contracts, property, tort, sales, agency, disclosure, banking
  • Securities regulation and antitrust
  • Public regulation and disclosure laws

ACC 640 - Accounting Theory and Policy Formulation

This is intended as the final course in the program and provides exposure to financial accounting policy issues. The course provides an understanding of the current state of financial accounting, including:

  • Research and writing for accounting professionals
  • Critical evaluations of basic issues such as income determination
  • Current FASB agenda items, including theoretical, empirical, practical aspects

Business Courses

  • ECO 502 - Selected Topics in Macro Economics
  • FIN 455 - Principles of Financial Management
  • MGT 504 - Fundamental Operations Management
  • ACC 505 - Language and Business Culture
    (Required for students without a U.S. degree)

*The business courses may be waived depending on the student's prior coursework.


Select the CPA category to highlight course combinations to use in your study schedule.

  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)
  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)

The typical schedule includes two classes per quarter. Below is an example for a student beginning in the autumn quarter. The schedule is optimized for students to complete the degree in 18 months.

Autumn

ACC 500 - Financial Accounting

This is the first course in the program. You will learn the principles of preparing and understanding financial statements, covering both the transactional and mechanical side of the basics of accounting, including:

  • Accounting terminology
  • Elements of financial statements
  • The accounting cycle
  • The balance sheet, the income statement, and the statement of cash flows

ACC 552 - Professional Responsibilities and Business Law

This course covers the legal and regulatory aspects of the practice of accounting. It provides knowledge of business structures underlying accounting transactions, including:

  • Legal liability of accountants
  • Laws of employment, contracts, property, tort, sales, agency, disclosure, banking
  • Securities regulation and antitrust
  • Public regulation and disclosure laws

Winter

ACC 541 - Financial Accounting Theory & Practice I

This is the first course of intermediate accounting. It is designed to aid you in understanding and applying accounting principles and concepts, including:

  • Financial statements
  • Methods and problems in valuation and reporting
  • Current assets and liabilities
  • Property, plant and equipment, and intangibles

ACC 542 - Cost and Managerial Accounting

This course focuses on how to use internal accounting information to make sound managerial decisions. Emphasis is placed on understanding business transactions in the context of cost and managerial accounting analysis, including:

  • Cost accumulation and cost behavior
  • Budgeting and breakeven analysis
  • Performance measurement
  • Contribution approach to income measurement

Spring

ACC 543 - Financial Accounting Theory & Practice II

This course is designed to assist students in preparing and understanding financial statements and complex accounting principles and concepts.

  • Stockholders� equity and earnings per share
  • Investments and revenue recognition
  • Income taxes, pension, leases
  • Statement of cash flows

ACC 535 - Principles of Accounting Information Systems

This course focuses on flow of accounting information in organizations. You will gain an understanding of security, internal controls, and the use of information technology in decision-making, including:

  • Objectives and procedures of internal control
  • Typical business documents and reports
  • System documentation through flowcharts and other techniques
  • Systems analysis and design

Summer

ACC 545 - Advanced Topics in Accounting Theory

The course covers the substantial issues related to accounting for acquisitions and subsequent consolidation of business entities, including:

  • Relevant standards governing financial accounting practice
  • State and local government accounting, and not-for-profit accounting
  • Alternatives to current financial accounting standards

ACC 547 - Audit and Regulation of Corporate Financial Reporting

This is the first of two courses of auditing and provides an introduction to auditing standards and to the theory of the audit. The course provides you with an understanding of the auditor as a professional in a legal, ethical, and business environment, including:

  • Generally accepted auditing standards
  • Communication, ethical, and other skills and attributes required of a professional accountant
  • Audit planning and the internal control structure
  • Audit evidence and auditor's reports

Autumn

ACC 548 - Tax Treatment of Individuals and Property Transactions

The purpose of this course is to examine the U.S. taxation of individuals and includes an in depth study of the methods of the determination of tax. The course provides you with a deeper understanding of tax topics, including:

  • Inclusions and exclusions
  • Deductions and credit
  • Rates of taxation and special tax computations
  • Tax aspects of property transactions

ACC 550 - Advanced Topics in Auditing

This is the second of two courses in auditing. The course emphasizes the implementation and application of generally accepted auditing standards to financial transactions, including:

  • Sampling techniques used in tests of controls
  • Internal control in accounting information systems
  • Audit tools, software, and techniques
  • The role of internal auditors

Winter

ACC 551 - Tax Treatment of Corporations and Partnerships

The purpose of this course is to examine the U.S. taxation of corporations and partnerships and includes an in depth study of the methods of the determination of tax. The course provides you with a deeper understanding of tax topics, including:

  • Capitalization, depreciation, and amortization
  • Tax accounting periods and methods
  • C and S corporations
  • Partnerships, trusts, gifts, and estate
  • International taxation

ACC 640 - Accounting Theory and Policy Formulation

This is intended as the final course in the program and provides exposure to financial accounting policy issues. The course provides an understanding of the current state of financial accounting, including:

  • Research and writing for accounting professionals
  • Critical evaluations of basic issues such as income determination
  • Current FASB agenda items, including theoretical, empirical, practical aspects