Nov 21, 2024  
Graduate Catalog 2024-2025 
    
Graduate Catalog 2024-2025

Master of Science in Accountancy (ACTM)


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The Master of Science in Accountancy prepares students for professional careers in public accounting, industry, commerce, finance, and government.  A graduate of the Haworth College of Business with a Master of Science in Accountancy will be qualified to take many of the professional certification examinations.

The MSA program is designed to provide greater breadth and depth in accounting and business than that delivered in the undergraduate accountancy program. The curriculum helps students further develop their technical expertise, communication skills, and understanding of the role of accountants in organizations. Course work will be selected from the areas of financial accounting, cost and managerial accounting, auditing, taxation, not-for-profit accounting, accounting fraud, and accounting systems.

Admission Requirements:

Applicants can be admitted to the Master of Science in Accountancy (MSA) program based on one or more of the following:

  • The undergraduate or graduate grade point average (GPA);
  • Graduate Management Admission Test (GMAT)/Graduate Record Examination (GRE) score;
  • Relevant work experience

Please check the program’s website for more details on GPA, GMAT/GRE score, and work experience requirements. Applicants are required to submit all transcripts for undergraduate and graduate enrollments and degrees, GMAT/ GRE scores.

Additional English Language Admission Requirements for International Students:

  • International applicants whose native language is not English must demonstrate proficiency in the English language by taking the TOEFL examination. Those scoring less than 90 Internet Based Total (IBT) or 577 Paper Based Total (PBT) for unrestricted admission may be required to participate in English language programs offered by the Center for English Language and Culture for International Students (CELCIS) before beginning the MSA program. See wmich.edu/celcis for information on CELCIS.
    • Students required to participate in English language programs must enroll in the summer I term to fulfill the English language program before the start of the fall semester.
  • Enrollment of international students, in general, is limited to the fall term, except for students who pass the English language admission requirements, who may enroll in the fall, spring, or summer I term.

Prerequisites to Graduate Study

The required preparation is an undergraduate degree in accounting, or its equivalent, and a 3.0 grade point average in accounting and business courses.  Basic Skills:  Quantitative Analysis, Computer Literacy, Academic Communications. Graduate students whose native language in not English and who do not have a degree from a U.S. institution must take the Academic Communication Placement Test at the beginning of their first semester of enrollment. This test is administered by the Haworth College of Business Communication Center. It must be taken in addition to TOEFL (Test of English as a Foreign Language), which is taken as part of the admission process. A student who does not pass this examination is assigned to the Academic Communication for Business Purposes course. This course must be completed during the first semester of study. Graduate students whose native language is not English but have an undergraduate degree from a U.S. institution will not be required to take the placement test or the course.  Basic Core: Corporate Finance; Legal, Regulatory, and Political Aspects of Business; Basic Economic Analysis.  Accountancy Course Prerequisites: ACTY 2100, Introduction to Financial Accounting and Analysis; ACTY 2110, Introduction to Managerial Accounting and Strategic Decision Making; ACTY 3100, Financial Accounting I; ACTY 3110, Financial Accounting II; ACTY 3130, Accounting Information Systems and Controls; ACTY 3140, Analytics for Accountants; ACTY 3220, Cost and Managerial Accounting; ACTY 3240, Introductory Tax Accounting; ACTY 4160, Auditing.

Program Requirements


A minimum of 30 semester hours of graduate work is required. A minimum of 15 hours of accounting must be selected from the following courses:

Accountancy Electives:


Fifteen credit hours of electives are required. Nine of these credits must be at the 6000 or 7000 level. Any course offered in the Haworth College of Business may be used to satisfy this requirement. Students interested in taking the CPA Examination should take the following classes as elective options:

Note:


ACTY 6010 and ACTY 6110/MBA 6005 do NOT qualify as part of the 30 credit hour MSA program.

To summarize the requirements:


  1. Minimum of 30 hours of graduate course work
  2. Minimum of 15 hours of graduate course work in accountancy
  3. Minimum of 24 hours at the 6000-level or above

Professional Certification Examinations


A graduate of the Haworth College of Business with a Master of Science in Accountancy will be qualified to take many of the professional certification examinations. Since the qualifying rules differ by state and are subject to change, the student is responsible for determining if additional criteria need to be met for a specific exam or state. The program is designed to meet the AICPA’s 150-hour requirement. A student without a degree in business must complete 24 credit hours of business courses to meet the 150-hour requirement.

The current requirements to sit for the CPA exam in Michigan include 24 hours of accounting, including auditing. The course work also must include a study in systems and governmental accounting.

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