In recognition of the extensive body of knowledge needed for the professional practice of public accounting, the School of Business offers a Master of Accountancy degree program. Students completing the Master of Accountancy program will meet the requirements to sit for the Uniform CPA examination in Missouri and many states that require 150 hours of college study to be eligible to take the professional examination. Students should determine the specific requirements of their state early in their program. Students are encouraged to complete both the undergraduate and graduate accounting programs at Truman. However, students may enter the undergraduate program as transfer students or enter the graduate program after receiving an undergraduate degree at Truman or another university.
In fulfilling the accounting programs primary focus on quality instruction, the objectives of the accounting programs are:
- To attract and retain a diverse group of students with the academic qualifications and leadership potential necessary for successful accounting careers or graduate study;
- To facilitate the growth and development of students analytical thinking, problem-solving, communication, and interpersonal skills within the framework of the accounting courses;
- To provide an environment in which students have leadership and service opportunities which encourage students to assume these roles in their future careers and communities;
- To have faculty who are accessible to students and advise students in educational and career choices; and
- To maintain an environment where faculty engage in scholarly activities and professional services, which support the primary teaching mission of the division.
In support of the accounting program's mission and objectives, the graduate accounting program seeks:
- To attract and retain students who have demonstrated superior academic, professional, and leadership potential at the undergraduate level;
- To further enhance oral and written communication, analytical, problem-solving, and interpersonal skills;
- To challenge students both technically and conceptually with coursework in advanced topics in financial and managerial accounting, auditing, and taxation, and in support fields such as economics, finance, management, and decision analysis; and
- To provide a coherent program for the development of personal and professional skills while also assisting students
- To meet the requirements to sit for the Uniform Certified Public Accountant (CPA) examination.
As the accounting programs strive to achieve the objectives of quality instruction, advising, scholarly activities, and professional service, both human and instructional resources must be adequately provided, monitored, and renewed. Consequently, the accounting unit will:
- Hire and retain an adequate number of qualified faculty and provide renewal opportunities through support of continuing development activities;
- Evaluate faculty based upon their contribution toward program objectives, i.e., quality of instruction, advising, scholarly activities, and professional service; and
- Maintain adequate facilities, computer technology, library resources, information databases, alumni networks, and other support services.
To be considered for admission, students must meet the following requirements:
1. Must hold a baccalaureate degree from an accredited institution.
2. Have a cumulative grade point average of 3.00 or higher. Consideration will be given to students who have a 3.00 GPA in the last 60 hours of coursework.
3. Submission of competitive GMAT scores
4. Submit at least one letter of recommendation. (Truman Accounting majors need submit only one letter of recommendation, students who are not Truman Accounting majors are encouraged to submit three letters of recommendation)
5. Non-Truman undergraduate students are encouraged to provide a personal statement with their application.
The GMAT test must be taken prior to acceptance. Graduate admission is not based solely upon GMAT scores and/or undergraduate GPA. Programs specify other criteria in this catalog and admission materials (which cannot be described in this collective profile) upon which they base admissions decisions. For more information, contact the graduate program coordinator for this graduate program.
Graduate Management Admission Test (GMAT) percentile rankings corresponding to mean scaled scores for newly-enrolled Master of Accountancy students, fiscal year 2012:
- Verbal: 62%
- Quantitative: 50%
- Total: 59%
Average GPA of incoming Master of Accountancy students, fiscal year 2012: 3.54.
Graduate Teaching/Research Assistantships (GTRAs) are available for qualified students. Graduate student applicants who have at least a 3.0 cumulative undergraduate GPA and have scored at least at the 50th percentile on the Graduate Management Admissions Test are encouraged to apply for a Graduate Teaching/Research Assistantship. GTRAs are assigned to one-quarter time teaching, research, or other responsibilities.
Prerequisite Core Courses:
- ACCT 220 – Introduction to Financial Accounting Credits: 3 hours
- ACCT 221 – Introduction to Management Accounting Credits: 3 hours
- BSAD 234 – Legal Environment of Business Credits: 3 hours
- BSAD 325 – Principles of Marketing Credits: 3 hours
- BSAD 329 – Principles of Finance Credits: 3 hours
- BSAD 349 – Organizational Behavior Credits: 3 hours
- ECON 200 – Principles of Macroeconomics Credits: 3 hours
- ECON 201 – Principles of Microeconomics Credits: 3 hours
- ECON 205 – Principles of Economics Credits: 5 hours
- MATH 192 – Essentials of Calculus Credits: 4 hours (or equivalent)
- MATH 198 – Analytic Geometry and Calculus I Credits: 5 hours
- STAT 190 – Basic Statistics Credits: 3 hours
Prerequisite Undergraduate Accounting Courses:
- ACCT 302 – Financial Reporting I Credits: 3 hours
- ACCT 303 – Financial Reporting II Credits: 3 hours
- ACCT 319 – Cost/Management Accounting Credits: 4 hours
- ACCT 367 – Accounting Information Systems and Control Credits: 3 hours
- ACCT 407 – Federal Taxation Credits: 3 hours
Required Accounting (18 hours):
- ACCT 505G – Accounting for Non-business Entities Credits: 3 hours
- Students completing a 9-hour concentration in taxation may waive the ACCT 505G course
- ACCT 509G – Financial Reporting III Credits: 3 hours
- ACCT 604G – Foundations of Auditing Credits: 3 hours
- ACCT 611G – Managerial Accounting Seminar Credits: 3 hours
- ACCT 618G – Financial Accounting IV Credits: 3 hours
- BSAD 655G – Leadership in Business Organizations Credits: 3 hours
Accounting Electives (3-6 hours):
(Choose one/two from the following)*
- ACCT 502G – Financial Accounting I Credits: 3 hours
- ACCT 503G – Financial Accounting II Credits: 3 hours
- ACCT 506G – Controllership Credits: 3 hours
- ACCT 522G – Advanced Taxation Credits: 3 hours
- ACCT 607G – Federal Taxation Credits: 3 hours
- ACCT 608G – Corporate Taxation Credits: 3 hours
- ACCT 610G – Tax Research/Estate and Gift Credits: 3 hours
- ACCT 615G – Seminar in Auditing Credits: 3 hours
- ACCT 616G – Taxation of Pass-Through Entities Credits: 3 hours
Note: Students are precluded from taking graduate courses if they have taken an equivalent undergraduate course.
*Students completing a tax concentration will take 9 hours.
Non-Accounting Electives (6 hours):
(Choose two from the following)
- BSAD 522G – Business Database Management Systems Credits: 3 hours
- BSAD 534G – Commercial Law Credits: 3 hours
- BSAD 553G – International Management Credits: 3 hours
- BSAD 629G – Advanced Financial Management Credits: 3 hours
- BSAD 635G – Derivatives and Risk Management Credits: 3 hours
- BSAD 660G – International Financial Management Credits: 3 hours
Unrestricted Electives (0-3 hours):
- May include any Accounting Elective or Non-Accounting Elective
Total Hours: 30
Each Master of Accountancy candidate must satisfy the following requirements:
- Have cumulative 3.00 GPA in graduate courses, with no more than six credits of C in graduate courses.
- Complete at least 24 credits of required graduate-level courses at Truman.
- Complete at least 18 credits of 500- and 600-level accounting courses.
- Complete at least 15 credits of 600-level courses.
- Complete at least nine (9) credits of 500- and 600-level non-accounting courses.
- Complete at least 30 credits of required graduate courses.
- Pass written comprehensive examinations.
To read more about the Master of Accountancy program, including course descriptions, please see the Accountancy section of the Graduate Catalog.
For more information, contact the Accountancy Graduate Program Director:Truman State University
100 E. Normal VH 2340
Kirksville, MO 63501-4221