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.
These programs require that the faculty's primary focus be on quality instruction and advising, supported by scholarly activities and professional service.
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 read more about the Master of Accountancy program, including a course description, please see the Accountancy section of the Graduate Catalog.
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.
For more information, contact the Accountancy Graduate Program Director:
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
ACCT 505G – Accounting for Nonbusiness Entities Credits: 3 hours
Students completing a 9-hour concentration in taxation may waive the ACCT 505 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
- 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
Unrestricted Electives (0-3 hours) 3 Credit Hours
BSAD 522G – Business Database Management Systems Credits: 3 hours
BSAD 523G – Analysis and Design of Business Systems Credits: 3 hours
BSAD 534G – Commercial Law Credits: 3 hours
BSAD 542G – Decision Support Systems Credits: 3 hours
BSAD 551G – International Business Credits: 3 hours
BSAD 625G – Marketing Analysis and Strategy Credits: 3 hours
BSAD 629G – Advanced Financial Management Credits: 3 hours
BSAD 633G – Advanced Decision Analysis Techniques Credits: 3 hours