John B. Goddard School of Business & Economics 333 Application Application for admission to the Master of Accounting Program should normally be made by August l (fall semester), December l (spring semester), and April l (summer semester) of the year during which admission is sought. Application for admission must include GMAT scores, official undergraduate transcripts, resume, and two letters of recommendation. It is expected that the Master of Accounting Program will entail approximately two semesters of full-time study for a student with a bachelor's degree in accounting. Students with other business-related degrees can expect to spend about two years in the program. Those with non-business related undergraduate degrees should plan to spend at least three years in the program. Contact the School of Accounting & Taxation for a separate and detailed bulletin on the Master of Accounting Program. Advisement For questions concerning academic advisement, the primary source of contact will be the Master of Taxation Program Director. For issues regarding registration and scheduling, students will contact the School of Accounting & Taxation Administrative Specialist. Career services will be offered through the Goddard School of Business & Economics Career Center. Course Requirements for Master of Accounting All MACC students are required to complete the following courses (21 credit hours): • MACC 6120 - Financial Accounting & Reporting Credits: (3) • MACC 6130 - Governmental and Nonprofit Accounting Credits: (3) • MACC 6160 - Financial Statement Analysis Credits: (3) • MACC 6330 - Strategic Management Accounting Credits: (3) • MACC 6560 - Advanced Auditing & Assurance Services Credits: (3) • MACC 6570 - Information Systems Auditing Credits: (3) • MACC 6610 - Advanced Accounting Information Systems Credits: (3) And one of the following tax courses: • MTAX 6400 - Tax Research & Communication Credits: (3) • MTAX 6405 - Accounting for Income Taxes Credits: (3) • MTAX 6430 - Advanced Individual Taxation Credits: (3) • MTAX 6435 - State & Local Taxation/ Federal Tax Practice Credits: (3) • MTAX 6460 - Advanced Corporate Taxation Credits: (3) • MTAX 6470 - Advanced Partnership Taxation Credits: (3) In addition to the previously listed courses MACC students are required to complete 6 hours of electives. They may select any other MACC or MTAX courses. Electives may include a maximum of 3 hours ofnon-MACC and non-MTAX courses selectedfrom approved 5000 or higher- numbered courses which were not taken in the student's undergraduate program. Select MBA courses approved by the MACC program director may also be used. Course Descriptions - MACC Master of Accounting Program (MACC) MACC 6120 - Financial Accounting & Reporting Credits: (3) Typically taught: Spring [Full Sem] Summer [Full Sem] In-depth coverage of financial accounting and reporting topics from a theoretical and practical standpoint through a combination of reading assignments, classroom lecture/ discussion sessions, assignments, cases, and student presentations. Topics include the FASB and the standard- setting process; SEC policy and practice; accounting for leases, post-employment benefits, deferred income taxes, and stock compensation plans. MACC 6130 - Governmental and Nonprofit Accounting Credits: (3) Typically taught: Fall [Full Sem] A study of governmental and nonprofit accounting concepts including revenue and expense recognition; asset and liability valuation; and reporting, disclosure, and financial analysis. Includes in-depth discussion of the new GASB reporting model for governments and analysis of actual government financial statements produced using the new model. MACC 6160 - Financial Statement Analysis Credits: (3) Typically taught: Spring [Full Sem] Comprehensive study of the analysis and interpretation of financial statements by external decision makers and the impact of accounting conventions and alternative standards on analytical measures. MACC 6210 - Ethical Considerations & Legal Liability Credits: (3) A study of the ethics espoused by accountants and their professional organizations with attention given to the current legal climate in which accountants operate. MACC 6310 - Advanced Cost Accounting Credits: (3) Typically taught: Fall [Full Sem] Advanced cost accounting topics including cost accounting Weber State University 2015-2016 Catalog