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.

Required Courses for MS in Accounting

This program consists of ten courses, which are AC 608, 609, 610, 611, 613, 614, 615, 797, BU 613, 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 MS/MBA in Accounting

Required courses for the MBA in Accounting are:

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

BU 629 – Competitive Business Analytics

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

Required Courses for MBA in Accounting

Tier 1

BU 613 Statistics for Managers (Fall, Spring)
MG 619 Law and the Manager (Fall, Spring)
BU 617 Economics for Managers (Fall, Spring)
BU 619 Financial and Managerial Accounting (Fall, Spring)
FI 620 Managerial Finance (Spring)
BU625 Communicating Leadership
BU 629 Competitive Business Analytics (Fall, Spring)


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  (Spring)
AC797 Accounting Research  (Summer, Fall)


Tier 3

BU 652 Strategic Management (Fall, Spring)
BU 662 Managing Organizational Change (Fall, Spring)

Student Learning Goals

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
Course Descriptions

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 fall 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 spring 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.

BU 613 Statistics for Managers. This course focuses on the practical application of statistical techniques to specific management problems. Topics include presentation of data, defining variables, descriptive statistics, measures of central tendency, probability distributions, hypothesis testing, analysis of variance, chi-square testing, and correlation-regression analysis. 3 credits, offered fall and 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 spring semester.

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., CPA, Accounting