2007-09 - Graduate School - The University of Alabama

Graduate Catalog: Section 7.4.5http://graduate.ua.edu/catalog/17700.htmlTHE UNIVERSITY OF ALABAMA GRADUATE CATALOGTable of Contents > Manderson Graduate School of Business7.4.5 MASTER OF ACCOUNTANCY (M.Acc.) DEGREEAdmission requirements. Before final admission to the program, students should have completed the followingaccounting courses or their equivalents:AC 310 Financial Reporting and Analysis of Business Activities IAC 311 Financial Reporting and Analysis of Business Activities IIAC 361 Cost Analysis for Planning and ControlAC 371 Introduction to TaxationAC 389 Accounting Information Systems Development, Operation and ControlAC 432 Introduction to Corporate Governance, Risk Assessment, and Assurance ServicesDegree requirements. The master of accountancy degree program is a fifth-year professional program. Theobjective of the program is to provide students with greater breadth and depth of understanding in accounting andbusiness than is possible in an undergraduate program. The program prepares students for careers as professionalaccountants in financial institutions, government, industry, nonprofit organizations, and public practice. Graduatesare prepared to research various databases related to troublesome accounting problems, and to exercise judgment inmaking accounting-related decisions by drawing on their integrated, comprehensive body of accounting and businessknowledge. Students are required to complete a minimum of 30 hours of approved coursework beyond theundergraduate degree. A minimum of 24 hours must be taken in courses open only to graduate students.The following courses are required for the M.Acc. degree. A minimum of 21 hours of accounting courses (required andelective) must be completed. Electives in areas other than accounting are chosen in consultation with the student'sadvisor and vary based on students' backgrounds and interests.Course requirements for M.Acc. program. Students must take a minimum of 30 hours of graduate courses,including a minimum of 21 hours of accounting courses. Electives must be approved by the coordinator of the M.Acc.program.Required Accounting courses* (21 semester hours)AC 512 Advanced Financial Reporting and AnalysisAC 523 Business Valuation and Performance MeasurementAC 532 Advanced Governance, Risk Assessment, and AssuranceAC 534 Fraud Risk ManagementAC 554 Professional CertificationAC 561 Accounting for Business ManagementAC 589 Systems Analysis and Control*Students cannot receive graduate credit for a course if they have taken an equivalent course at the undergraduate level. Another accounting course should besubstituted with the approval of the coordinator of the M.Acc. program. Students who have not taken AC 456 and AC 471 or their equivalents must take AC 456 or AC556 and AC 471 or AC 571.M.Acc. students may take one of the following tax courses:AC 571 Taxation of Business OrganizationsAC 593 Research and Communication in TaxationOther required course (3 semester hours)LGS 504 Legal Issues in AccountingElectives (up to 6 semester hours)