DEGREE PROGRAM
To earn the Master of Accounting degree the student must successfully complete:
Required accounting courses
15 Credits 
Business-related courses
 6 Credits
Accounting elective courses
 3 Credits
General elective courses
 6 Credits
TOTAL degree program requirements
 30 Credits

All Graduate School academic standards apply, including the requirement that students must maintain a 3.0 (B) cumulative grade point average at all times for continuation in the program. Withdrawal for more than one consecutive semester subjects the student to reapplication procedures.

SPECIALIZATION IN TAXATION
Students may obtain a specialization with the Master of Accounting degree in Taxation by completing the required 12 credits (four courses) within the specialization area.
This can be accomplished within the 30 credit MAC program only through careful planning and scheduling of coursework. Consult with an advisor in advance if you are interested in these specializations. Specialization courses normally require at least one and one-half years to complete. Details of course requirements are presented below.

MAC Course Requirements (30 credits)
Accounting (15 credits)
ACC
 502
 Advanced Auditing
ACC
 503
 Management Accounting II - Cost Analysis
ACC
 504
 Advanced Accounting Information Systems
ACC
 505
 Advanced Taxation
ACC
 508
 International Financial Reporting Standards
 

Management (6 credits)  
BUS
 670
 Advanced Operation Management
MAN
 510
 Management Ethics
 
Accounting Electives (3 credits)
One course from:
ACC
 507
 Governational and Institutional Accounting
ACC
 540
 Fraud Examination
ACC
 541
 Forensic Accounting Application
ACC
 542
 Forensic Accounting Practice Issues
ACC
 543
 Computer Auditing and Investigation
ACC
 605
 Seminar in Accounting Theory
ACC
 755
 Seminar : Selected Topics in Accounting
ACC
 781
 International Taxation
ACC
 783
 Tax Research
ACC
 785
 Taxation of Estates, Trusts and Gifts
ACC
 786
 Advanced Corporate Taxation
ACC
 788
 "S" Corporation and Partnership Taxation
ACC
 790*
 Accounting Internship I


Electives (6 credits)
Two courses from any of the above listed Accounting Electives or the following: 
ACC
 791*
 Accounting Internship II
BUS   536  Entrepreneurship
   
BUS
 673
 Management Writing and Reporting
BUS
 707
 Marketing of Services
BUS
 771
 International Business Law
BUS
 775
 International Business
ECO
 671
 International Economics
FIN
 772
 International Finance and Banking
*These courses are available with some restrictions and only with the advanced approval of the MAC Program Coordinator.
 
Taxation Specialization
The Specialization in Taxation is designed for the Master of Accounting students who wish to expand their knowledge in the area of taxation.
Many candidates for the specialization will be practicing public accounting professionals desiring to improve their skills. For this reason, a practical viewpoint will prevail, i.e., an emphasis on case-problem solution analysis.
The graduate specialization will be awarded to those who complete four courses (12 graduate credit hours) from the following graduate taxation courses at the same time as they complete the MAC degree: 
ACC
 505
 Advanced Taxation
ACC
 755*
 Seminar: Selected Topics in Accounting
ACC
 781
 International Taxation
ACC
 783
 Tax Research
ACC
 785
 Taxation of Estates, Trusts, and Gifts
ACC
 786
 Advanced Corporate Taxation
ACC
 788
 "S" Corporation and Partnership Taxation
*Taxation topics only, e.g., Seminar: State and Local Taxation.

Prerequisites:
Although an undergraduate degree in accounting or its equivalent is a prerequisite for admission to the MAC, it is possible for an applicant to be admitted to the MAC program with a baccalaureate degree in another business discipline or some other discipline if he or she agrees to complete the prerequisites for the MAC program. Each prerequisite must be taken before the student may take the advanced graduate 
course related to the prerequisite, e.g., ACC 303 before ACC 503. Thus, a student may be taking both undergrad and grad courses at the same time until the prerequisites are completed. The prerequisites as expressed in terms of St. Thomas University courses are as follows:

ACC
201 + ACC 202
Principles of Accounting I & II
ACC
301 + ACC 302
Financial Accounting I & II
  
ACC
303
Management Accounting I: Cost Principles
  
ACC
304
Accounting Information Systems
  
ACC
401
Advanced Accounting
  
 or      
       
ACC
420
Governmental and Institutional Accounting
  
ACC
402
Auditing
  
BUS  220  Business Law I   
       
BUS  322  Business Law II   
       
Business and economics upper division courses (12 to 18 credits)  
       

Total prerequisite credits 48 to 52 

If a student is admitted without one or more prerequisites, he or she must complete the prerequisite course(s) with a grade of B or higher before he/she can take the graduate course(s) for which the prerequisite(s) is (are) necessary.
Some students with an undergraduate degree in accounting may be interested in completing their graduate accounting education by earning our MBA specialization in Accounting or Master of Science in Management (MSM) specialization in Accounting. Although the general admissions requirements for the MBA and MSM differ from those for the MAC, the above listed accounting prerequisites are the same for all three graduate programs.