The mission of the Master of Science (M.S.) in Accounting program is to provide an education that develops competitive accounting professionals in both the private and public sectors through the combination of a strong practical business and accounting education and a comprehensive liberal arts background.
The program focuses primarily on strengthening students’ accounting knowledge, analytical and problem-solving skills, effective communication, and computer-based accounting information technology. The program prepares students to achieve the requirements of the accounting profession.
The prerequisite for the M.S. degree in accounting is the completion of a B.S. degree in business administration with a concentration in accounting from an accredited institution. Equivalency should be evaluated by the program director in consultation with the Registrar.
Expected Student Learning Goals
By graduation, an M.S. 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
The graduate program in accounting consists of 10 courses that can be completed in one year. The degree is a 30 credit Master of Science.
Wagner College, through its Business Administration Department, is nationally accredited by the Association of Collegiate Business Schools (ACBSP), and the International Assembly for Collegiate Business Education (IACBE)
Program Course Requirements
AC 610 Advanced Auditing 3 credits
AC 611 Advanced Accounting 3 credits
AC 608 CPA Problems Practice I 3 credits
AC 609 CPA Problems Practice II 3 credits
AC 613 International Accounting 3 credits
AC 614 Governmental and Not for Profit Accounting 3 credits
AC 615 Advanced Federal Taxation 3 credits
BU 613 Statistics for Managers 3 credits
Finance Elective 3 credits
AC 797 Accounting Research 3 credits
Please be noted that the Texas Instrument BA II Plus and a PC with Microsoft Office are required for all.
Accounting Course Descriptions
(3 credits) 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. (Offered Fall Semester)
(3 credits) 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. (Offered Spring Semester)
(3 credits) 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. (Offered Fall Semester)
(3 credits) 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. (Offered Fall Semester)
(3 credits) 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. (Offered Spring Semester)
(3 credits) 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. (Offered Fall Semester)
(3 credits) 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. (Offered Spring Semester)
(3 credits) 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. (Offered Fall and Spring Semesters.)
(3 credits) 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. (Offered Spring Semester).