MS Accounting

Focus on accounting knowledge, analytical skills, effective communication, and information technology.

This 30-credit graduate program, consisting of 10 courses that can be completed in one year, develops competitive accounting professionals for the private and public sectors. Taught in small cohorts of about 15 students, it focuses on accounting knowledge, analytical skills, effective communication, and information technology.

The program is part of a five-year program in accounting. As an undergraduate, if you major in business administration with a concentration in accounting, you can complete 10 additional courses in your fifth year to receive your MS in Accounting. An equivalent undergraduate degree from another institution can suffice. Our program meets CPA educational licensing requirements for New York State.

Accounting, B.S./M.S. (5-YEAR PROGRAM) On the undergraduate level, students major in business administration with a concentration in accounting and earn a B.S.. The fifth year is a one-year program in which the students earn their Masters of Science in Accounting. Upon completion of the prescribed fifth-year program in accounting students will be eligible to take the examination leading to the Certified Public Accountant (C.P.A.) certificate.

This program consists of ten courses, which are AC 608, 609, 610, 611, 613, 614, 615, 797, BU 614, and one finance elective. These courses are to be taken over the summer, fall, and spring semesters.


New for 2016 and accepting applications for fall 2017

MS/MBA in Accounting. Announcing a new extension of our very successful MS in Accounting.  The Business Administration Department will be offering a MBA in Accounting for students who have completed an MS in Accounting at Wagner.  The additional completion of 18 credits will result in awarding of an MBA in Accounting to the candidate. Please contact Dr. Horan at

Required courses for the MBA in Accounting are:

BU 627– Employment Law & Global Business Analytics
BU 617 –Economics for Managers
BU 625– Communicating Leadership

BU 629 – Competitive Business Analytics (Should be taken in first semester to apply skills needed for all courses)

BU 652– Strategic Management
 BU 669- Strategic Leadership


MBA in Accounting. MBA in Accounting is for students who do not have an undergraduate degree in business, liberal arts majors and those from other professional programs who wish to meet the requirements to sit for the CPA exam in NYS. It has a total of 57 credits and the program has prerequisites of 21 undergraduate credits in accounting, statistics, business law, computer science, economics, finance, and math. Please contact Dr. Horan at

Tier 1

BU 614 Statistical Analysis of Global Economic and Business Data (Fall, Spring)
BU 617 Economics for Managers (Fall, Spring)
AC 619 Financial and Managerial Accounting (Fall, Spring)
BU 627 Employment Law & Global Business Ethics (Fall, Spring)
FI 620 Managerial Finance (Spring)
BU 625 Communicating Leadership


Tier 2

AC 608 CPA Theory and Practice  (Fall)
AC609 CPA Theory and Practice II (Spring)
AC 610 Advanced Auditing (Spring)
AC 614 Governmental and Not for Profit Accounting  (Fall)
AC 615 Advanced Federal Taxation (Spring)
AC 616 Individual Taxes  (Fall)
AC 617 Introduction to Auditing ( Fall)
AC 611 Advanced Accounting (Fall)
AC 613 International Accounting  (Fall)
AC797 Accounting Research  (Summer, Fall)


Tier 3

BU 629 Competitive Business Analytics (Fall, Spring) (Should be taken in first semester to apply skills needed for all courses)
BU 652 Strategic Management (Fall, Spring)
BU 669 Strategic Leadership (Fall, Spring)



By graduation, a student with an MS in Accounting should know or have demonstrated:

  • A strong knowledge in the relationship between accounting and its impact on business
  • Mastery of major accounting concepts and application skills in real-world problems
  • Strong quantitative skills to analyze and process business accounting information
  • Proficiency in accounting research and effective communication of results

AC 608 CPA Theory and Practice I (formerly AC 612). This course deals with specific topics in financial accounting along with their related accounting theory and FASB pronouncements. The individual topics to be covered include and accounting overview and the detailed accounting treatment of cash, marketable securities, accounts receivable, inventory, property, plant and equipment, intangibles, research and development costs, bonds, liabilities and leases. 3 credits, offered fall semester.

AC 609 CPA Theory and Practice II. This course deals with specific topics in financial accounting along with their related accounting theory and FASB pronouncements. The individual topics to be covered include the detailed accounting treatment post-employment benefits, owner’s equity, reporting the results of operations, reporting on special areas, accounting for income taxes, statement of cash flows, financial statement analysis, foreign operations and consolidated financial statements. 3 credits, offered spring semester.

AC 610 Advanced Auditing. Auditing standards and supporting theory. Application of techniques including statistical sampling. Legal liability of the auditor in securities regulation and auditing in a computerized environment. 3 credits, offered spring semester.

AC 611 Advanced Accounting. Advanced study of the fundamental concepts, conventions, and assumptions underlying accounting theory and practice. Topics include consolidations, partnership liquidations, branch and foreign exchange accounting, installment accounting, percentage-of-completion methods, and inventory valuation methods. 3 credits, offered fall semester.

AC 613 International Accounting. Study of the measurement of profit and loss from international business operations of a multinational enterprise. The impact on financial position of changes in foreign exchange rates, and transactions with foreign currencies, foreign branches, foreign subsidiaries, and forward exchange contracts. Different accounting procedures underlying the preparation of financial statements in different countries are highlighted. 3 credits, offered fall semester.

AC 614 Governmental and Not for Profit Accounting. Examines the accounting principles and reporting practices of governmental units and not-for-profit institutions, including colleges and universities, health care organizations, and voluntary health and welfare organizations. 3 credits, offered fall semester.

AC 615 Advanced Federal Taxes. Advanced topics in corporate taxation, including sources of tax precedents, tax information, and research in court cases. The tax implications associated with investments, such as real estate and securities, will be studied. Tax cases, rulings, and other developments are analyzed for their significance. 3 credits, offered spring semester.

AC 616 Individual Federal Taxation. Three Credits. This course is designed to provide a basic working knowledge and a comprehensive understanding of the Internal Revenue Code with regard to individual income taxes. Offered fall semester.

AC 617 Introduction to Auditing. Three Credits. This course is integrated with risk assessment and audit decision making. Coverage includes globally recognized auditing concepts to include practical implementation in the organization. Statistical sampling is applied to the evaluation of audit evidence. Other topics include fraud, audit standards, and information technology. Offered fall semester.

BU 614 Statistical Analysis of Global Economic and Business Data. Three credits. This course focuses on the practical application of statistical methods designed to address business and economic issues. Students will learn techniques for forecasting the aggregate economy and general industry trends, such as consumer demand.  Topics include: presentation of data, defining variables, descriptive statistics, probability distributions, hypothesis testing, analysis of variance, and correlation –regression analysis.  Special attention is directed to the usage of multiple regressions to build models helpful in understanding various business and economic issues.  By the end of the course the student should be able to discriminate, synthesize and present data (reports and graphs) as well as apply appropriate statistical and forecasting techniques to solve real-world dilemmas in all areas of business. A statistical software package is used as a tool in analyzing data and making business –related decisions. Offered fall/spring semesters.

AC 797 Accounting Research. This is a capstone course that will include critical examination of accounting concepts and standards that include methods of fact finding and research tools, as well as an overview of APA manual requirements for documented research activities. The course requirement is the completion of an independent research topic relating to accounting with a minimum length of 35 pages. 3 credits, offered summer/fall semesters.

BU 617 Economics for Managers. Three credits. This course provides the economic analysis and applications necessary for managerial decision making. Topics include: demand, supply and elasticity, estimating demand functions, the fundamentals of macroeconomics and forecasting, the analysis of production, cost and technology, and market structure and strategic planning. Relies heavily on case analysis. Offered fall/spring semesters.

AC 619 Financial and Managerial Accounting. Three credits. Covers basic accounting theory and practice with special emphasis on the concepts of understanding income determination, cash flow, and the managerial uses of accounting information. Topics include: transaction analysis, revenue and expense recognition, accounting for merchandising and manufacturing and cost operations, depreciation, inventories, statement preparation and analysis, stockholders’ equity transactions, fund statement, capital budgeting, and special analysis for management. This course is a pre-requisite to BU 620. Offered fall/spring semesters.

BU 625 Communicating Leadership. Three credits. Designed to prepare business leaders for the communication challenges both within and outside the workplace in a team setting.  The course works with students to improve oral presentation skills, written skills and graphic skills regardless of current skill levels.  The course will culminate with the 2-day LEAP program described below and includes a certificate of completion.

The Leadership Excellence in Action Program (LEAP) is a comprehensive leadership and team building program for business leaders.  It covers personal leadership, team leadership, and organizational leadership.  Students learn how to build effective relationships, communicate effectively, solve problems and lead projects.  The culmination exercise is a full day on Leadership Development where they solve leadership problems outdoors in a time constrained environment.  The Leadership Development exercise is the practical application phase of LEAP.  Offered Fall semester and includes a mandatory 2-day workshop as part of the course hours. Offered fall semester.

BU 627 Employment Law and Global Business Ethics Three credits. Students will develop their knowledge of global business ethics and employment law. Global business ethics topics include: migration, privatization of natural resources including water, alternative energy, global warming, free trade agreements and sweatshops. Employment law topics include: race, ethnic, disability, religious and age discrimination and harassment, drug testing, background checks, workplace violence, minimum wage, collective bargaining and privacy.  A research paper is required dealing with a current issue.  This area of investigation is proposed in writing and must be approved in writing.  Students display research skills through the written report outlining the nature and significance of the project chosen and the resulting conclusions. Offered fall/spring semesters.

 BU 629 Competitive Business Analytics. Three credits. The purpose of this course is to provide students with the most up-to-date Microsoft Excel skills used in our contemporary hyper-connected, worldwide workplace. Students will learn how to use the MS Excel program to analyze data, to use those analyses to aid in making real world decisions and to use this program as a presentation tool. The content and skills offered in this course will give students a proficiency far superior to that of most users, thus making them more attractive in the global job market. Offered fall/spring semesters.

BU 652 Strategic Management. Three credits. Examines the development and implementation of long-term plans designed to give the organization a competitive advantage. Investigates how industry structure and dynamics impact strategy development and looks at how core competencies are developed. Relies heavily on the use of cases and computer simulation. Offered fall and spring semesters.

 BU 669 Strategic Leadership. Three Credits.  Students run a $100 million electronic sensor company over an 8-year period in a complex business simulation. Each Capstone company operates in five markets, Low, Traditional, High, Size and Performance. Each simulated year students will be required to make decisions in Research and Development, Finance, Human Resources, Production, Marketing and all aspects of Management.  Labor Negotiations, TQM and Advanced Marketing modules may be added at the discretion of the professor. The simulation is conducted as a zero-sum exercise which acts as a challenging culmination of knowledge gained throughout the MBA program. Offered fall and spring semesters.

FI Elective — three credits required. See the MBA page for course descriptions of electives.

Peg Horan

Professor, Business, Nicolais School

718-390-3437 Campus Hall 221 Director of Graduate Accounting Program D.P.S., Finance, Economics, C.P.A