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University of Tennessee, Knoxville    
 
    
 
  Jul 24, 2017
 
2011-2012 Graduate Catalog [ARCHIVED CATALOG]

Accounting Major, MAcc


Return to: College of Business Administration

The objective of the Master of Accountancy program is to prepare individuals who have a high level of ability and motivation for successful careers in professional accounting and industry. This nationally recognized program uses active learning methods to engage students in global business planning, practices, and strategies. The program offers students the breadth of a broad business perspective and exposure to cutting-edge management issues. It also provides students with the technical depth required for a career that begins in auditing or taxation. Course work includes a particular focus on the development of analytical skills, communication skills (both oral and written), and research skills.

The Master of Accountancy program is a full-time, weekday program. The nature of the program precludes students from simultaneously working full-time outside of classes. UT’s accounting undergraduate and graduate programs are accredited by AACSB International and are among the first programs in the nation to receive this accreditation.

Admission
Students may begin graduate course work for the MAcc only in fall semester. The application deadline is March 1 (February 1 for international students) and applications received after that date will be considered as space allows.

The program is designed both for students who have completed an accredited baccalaureate degree program with a major in accounting and others. Students with an accounting degree from an accredited baccalaureate degree program normally meet all prerequisites for the program. Students with outstanding undergraduate records in areas other than accounting may enter the MAcc program, (which starts in the fall semester) by completing course work in introductory accounting and economics, and the following prerequisite undergraduate courses – Accounting 311, 321, 411, 414, and 431; Information Management 341; and Finance 301, or their equivalents as approved by the Director of the MAcc program. All prerequisites must be completed prior to the start of graduate course work in fall semester. In addition to the general admission requirements, MAcc applicants are required to take the Graduate Management Admission Test (GMAT) and submit information on forms provided by the Department of Accounting and Information Management. Applicants whose native language is not English must submit results of the Test of English as a Foreign Language (TOEFL).

For admission to the MAcc program, consideration is given to

  • Applicant’s academic record with particular attention to the last two years of undergraduate work. 
  • Scores on the GMAT, and TOEFL for those whose native language is not English. 
  • Internships and/or work experience and other activities that demonstrate potential for leadership. 
  • Recommendations from professors and/or work supervisors.

The admission decision is based on all factors that make up the total application; therefore, there is no automatic cutoff for either grade point average or GMAT scores.

Students will be expected to have a laptop computer for use in the classroom and for assignments. Additional details concerning the hardware and software configurations required are posted on the departmental website.

Requirements
A student’s program encompasses a minimum of 30 semester hours of graduate course work. Specifically, the student must complete courses in accounting and other areas as indicated below. Each course is 3 semester hours of graduate credit.

Students take 12 hours each semester and 6 hours in the first summer session. Program requirements are

Two concentrations are available.

Audit and Controls

ACCT 507 , ACCT 518 , ACCT 519 , ACCT 521 , ACCT 531 ; INMT 541 , INMT 543 

Taxation

ACCT 507 , ACCT 521 , ACCT 531 , ACCT 532 , ACCT 533 , ACCT 539 .

Students may further modify their programs with approval of the Director of the MAcc program.

Transfer Credits
A maximum of 6 semester hours taken at other AACSBI accredited institutions that otherwise conform to the transfer policy of the Graduate Council may be credited toward MAcc requirements.

Other Requirements
To qualify for the degree, a student must maintain a B average (3.0) or above in the 30 semester hours comprising the Master of Accountancy program. The student must satisfactorily demonstrate his/her ability to recognize, analyze, and solve accounting policy problems and integrate concepts from the various areas of accounting by passing a comprehensive written examination. This examination is included in the capstone courses (Accounting ACCT 519  for the audit and controls concentration and Accounting ACCT 539  for the taxation concentration).

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