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SCHOOL OF BUSINESS ADMINISTRATION
– GRADUATE
www.bus.miami.edu
DEGREE PROGRAMS
The Department of Accounting offers two degree programs
leading to the Masters degree:
Master of Professional Accounting (MPrA) and
Master of Science in Taxation (MST).
While the programs are similar in that they offer an opportunity
to concentrate in accounting, they differ in degree of specialization
and career path orientation.
For the undergraduate accounting major these programs should
satisfy the educational requirements to become eligible to
be a CPA in the State of Florida as well as in most other
states. The State of Florida requirements include (for students
with an undergraduate degree from an accredited university):
1. an additional 30 semester credit hours of work beyond
the bachelors degree (not necessarily at the graduate level),
2. 36 semester hours of accounting beyond principles of
accounting (ACC 211 and 212)
3. 39 semester hours of other business courses including
at least 6 semester hours of Business Law.
Additional information on CPA exam requirements may be obtained
from the Department of Accounting.
For admission to both programs, based on an undergraduate
degree from an accredited U.S. institution, we consider the
applicant’s undergraduate grade point average, GMAT
score (required), and grades in specific accounting courses,
the rigor of the undergraduate program, and other factors
such as work experience. Admission decisions are made on a
competitive basis from the applicant pool.
Students without an undergraduate degree in accounting will
be required to take certain prerequisite courses to secure
admission. These prerequisites will depend upon the undergraduate
major and previous accounting courses taken.
Foreign students must provide evidence of proficiency in English
by supplying a TOEFL score.
Additionally, foreign students must have successfully completed
two semesters of intermediate accounting, one semester of
cost accounting, one semester of auditing, and one semester
of tax at a U.S. university accredited by the AACSB before
enrolling in graduate accounting courses.
SCHOLARSHIPS
University of Miami School of Business - Alumni Association
Endowed Accounting Scholarships are available for students
pursuing Graduate Studies in Accounting. Various other scholarships
and assistantships may be available. An application may be
obtained from the Department.
MASTER OF PROFESSIONAL ACCOUNTING (MPrA)
This program offers the highest degree of concentration in
financial and managerial accounting, auditing and systems
that are needed by accounting professionals in public accountancy
and industry.
Emphasis is placed on the development and ongoing evolution
of generally accepted accounting principles and auditing standards,
product costing trends and issues and familiarization with
the computer as an important tool of the accounting professional.
The MPrA is an ideal program for those who will seek employment
with public accounting firms as auditors or with industry
or government as accounting and information specialists.
The MPrA is designed for the student who has taken the accounting
and related courses required for an undergraduate major in
accounting.
These students should be able to complete the MPrA in a year
or less provided they enroll as full time students.
The MPrA requires 30 semester hours consisting of the courses
listed below, provided the student has an undergraduate major
in accounting, which satisfies AACSB accreditation standards.
Students pursuing the MPrA Degree must take the required courses
specified and may select additional accounting courses as
electives in consultation with the program director.
Students must complete a total of 30 semester hours from the
following:
Required Courses (12 Hours):
ACC 602 - Analysis of Financial Statements
ACC 604 - Seminar in Cost Accounting
ACC 610 - Accounting Research and Theory
ACC 622 - Advanced Issues in Auditing
Elective Courses (18 Hours):
In addition to the above required courses, a student must
select 18 credit hours in other courses, which may be earned
at the 500 or 600 level. Students may take non-accounting
courses with the permission of the Department, but at least
6 hours of the 18 hours of electives must be in accounting
courses. In preparation for the CPA exam, students may wish
to take Business Law 575, Advanced Business Law. Altogether,
of the 30 credit hours required to complete the MPrA, no more
than 6 credit hours may be earned at the 500 level. In consultation
with the program director, students may select from the following
courses:
601 - Trends in Present Day Accounting
603 - Studies in Financial Reporting Issues
606 - Internal Auditing
611 - Auditing Seminar
620 – Accounting Controls in Information Technology
621 - Advanced Cost Accounting
623 - International Accounting and Taxation
624 - Accounting for Governmental and Not-for-Profit Entities
640 - Corporations I
641 - Corporations II
643 - Tax Research
645 - Partnerships
647 - Estates and Gift Taxes
649 - Issues in Tax Policy
662 - Taxation of Multinational Corporations
Undergraduate Course Requirements
The courses listed below are undergraduate prerequisites
that, unless already completed, must be fulfilled in order
to be admitted for graduate study. For certain graduate tax
classes the undergraduate equivalent of Corporate and Partnership
Income Tax (ACC 404: Advanced Taxation) is required. If a
candidate does not have an undergraduate business degree,
additional business prerequisites (economics, marketing, management,
finance and others) will also be required.
Principles of Financial Accounting (ACC 211)
Managerial Accounting (ACC 212)
Intermediate Financial Accounting I and II (ACC 311 and
312)
Cost/Managerial Accounting (ACC 301)
Fundamentals of Taxation (ACC 403)
Auditing (ACC 402)
MASTER OF SCIENCE IN TAXATION
This program affords the accounting major or equivalent the
opportunity to specialize in the area of federal taxation.
Emphasis is placed on a thorough grounding in the principles
of tax research, corporate taxation, and taxation of partnerships
and partners.
Courses address issues in both tax compliance and tax planning.
Through electives, students are able to expand their areas
of expertise, so that they may adequately prepare themselves
for careers requiring a high degree of specialized tax knowledge
in public accounting, private industry, and government.
The program requires 30 semester hours, taken from the following:
Required Courses (12 Hours):
ACC 640 - Corporations I
ACC 641 - Corporations II
ACC 643 - Tax Research
ACC 645 - Partnerships
Elective Tax Courses (6 to 12 Hours) from the following:
ACC 647 - Estates and Gift Taxes
ACC 649 - Issues in Tax Policy
ACC 662 - Taxation of Multinational Corporations
ACC 623 - International Accounting and Taxation
Other electives - 6 to 12 hours.
GRADUATE CERTIFICATE PROGRAMS IN ACCOUNTING AND
TAXATION
The Graduate Certificate in Accounting and the Graduate Certificate
in Taxation programs are designed for students who have an
undergraduate degree in accounting and wish to complete the
educational requirements to become a CPA in Florida. The Graduate
Certificate in Accounting consists of 12 semester hours in
graduate level accounting (or tax) classes (other than ACC
600, ACC 607, ACC 608, ACC 670, ACC 671, ACC 672, and ACC
673 which are for MBA non-accounting students). The Graduate
Certificate in Taxation consists of 12 semester hours in graduate
level tax or accounting classes of which at least 9 semester
hours are in taxation.
Applicants for the Graduate Certificate in Accounting or Certificate
in Taxation must have an overall undergraduate GPA of 3.0,
a GPA of 3.0 or higher for upper division (300-level and above)
accounting courses, and completed all of the requirements
for an undergraduate accounting major before beginning to
take graduate classes. Students who have taken their undergraduate
accounting classes at an accredited school other than the
University of Miami will be evaluated on an individual basis
(and may need a higher GPA to meet our admission standards).
Students must satisfy all prerequisites for classes they wish
to take. Students can choose to take less than four courses
under this program; however, they must complete 12 semester
hours in graduate accounting or tax classes at UM to receive
a certificate. Students wishing to take more than 12 semester
hours of graduate accounting or tax classes would have to
apply and be admitted to the Master of Professional Accounting
or the Master of Science in Taxation program before taking
any additional courses. Students with a 3.25 or better GPA
in the graduate accounting courses can have these courses
count for both the Certificate and the Master’s program
so that students could move into one of the Master’s
degree programs with no loss of credits.
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