Accountancy (MAcc)

Affiliation: School of Business
Degree Offered: Master of Accountancy

MASTER OF ACCOUNTANCY

In recognition of the extensive body of knowledge needed for the professional practice of public accounting, the Division 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.

ACCREDITATION

The Master of Accountancy program is accredited by AACSB International–The Association to Advance Collegiate Schools of Business. AACSB is recognized by the Council on Postsecondary Accreditation and by the Office of Postsecondary Education, U.S. Department of Education, as a specialized accrediting agency for undergraduate and graduate programs in business administration and accounting.

MISSION STATEMENT

As a unit of the School of Business, the accounting program embraces the overall mission and objectives of the School.

Building on liberal arts and sciences education, Truman accounting graduates will integrate analytical, research, communication, interpersonal and leadership skills with business and financial knowledge to be effective financial professionals and prospective leaders. 

GMAT SCORES

Graduate Management Admission Test (GMAT) percentile rankings corresponding to mean scaled scores for newly-enrolled Master of Accountancy students, fiscal year 2005:

Verbal: 70%
Quantitative: 55%
Total: 67%

Average GPA of incoming Master of Accountancy students, fiscal year 2007: 3.60.

ADMISSION REQUIREMENTS

To be considered for admission, students must meet the following requirements:

• Must hold a baccalaureate degree from an accredited institution.
• 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.
• Submission of competitive GMAT scores.
• Submit three letters of recommendation.
• Submit the following applications:
  a. University Graduate School Application
  b. Master of Accountancy Admission Application

Early Application Guidelines

Early Admission: To be considered for early admission to the Master of Accountancy program, students must meet the following requirements:

1. Must have been admitted to the BS in Accounting program.
2. At the time of the admission decision, have completed at least 72 hours and have a cumulative grade point average of 3.25.
3. Have completed the following courses (by the end of the semester in which application is made) with a 3.00 grade point average (including repeat grades) in these courses and a grade of C or better in each course:
   ACCT 302 Financial Reporting I
   ACCT 303 Financial Reporting II
   ACCT 319 Cost/Management Accounting
   BSAD 157 Information Technology
   BSAD 349 Organizational Behavior
4. Submission of competitive GMAT scores.
5. Submit three letters of recommendation.
6. Submit the following applications:
   a. University Graduate School Application
   b. Master of Accountancy Admission Application

Early applications would typically be submitted by the end of the Junior year (6th semester). Applications, official transcripts, GMAT test scores, and three letters of recommendation must be submitted to:

Graduate Office
McClain Hall 203
Truman State University
Kirksville, MO 63501

Pre-Master of Accountancy Admission Guidelines for non-accounting majors

To be considered for admission to Pre-Master of Accountancy Program, students pursuing a non-accounting bachelor degree must meet the following requirements:

1. Must have completed 60 hours towards a baccalaureate degree with a minimum GPA of 3.00
2. Submission of competitive GMAT scores.
3. Submit three letters of recommendation.
4. Submit University Graduate School Application.
5. Submit Master of Accountancy Application.

Applications should be submitted by June 15. Notification will be made by the end of July. Applications, official transcripts, GMAT test scores, and three letters of recommendation must be submitted to:

Graduate Office
McClain Hall 203
Truman State University
Kirksville, MO 63501

Students who have been admitted to the Pre-Master of Accountancy Program will be admitted to the Master of Accountancy Program when they have met the following criteria:

1. Graduated with a BS or BA degree from Truman State University.
2. Completed the pre-master of accountancy business and accounting core courses.
3. Achieved the following minimum grade point averages:

Overall 3.00
Accounting 3.00
Business Administration 3.00

Students who do not meet these minimum qualifications will not be admitted to the program.

GMAT

The GMAT test must be taken prior to acceptance. On the preceding page is a profile of students recently admitted to Truman’s Master of Accountancy graduate program. Graduate admission is not based solely upon GMAT scores and/or undergraduate GPA. Programs specify other criteria in the General/Graduate 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.

Each candidate who applies for admission to graduate studies in accounting will be notified of the acceptance decision.

GRADUATION REQUIREMENTS

Each Master of Accountancy candidate must satisfy the following requirements:

1. Cumulative 3.00 GPA in graduate courses, with no more than six hours of C in graduate courses.
2. Complete at least 24 semester hours of required graduate-level courses at Truman.
3. Complete at least 18 hours of 500- and 600-level accounting courses.
4. Complete at least 15 hours of 600-level courses.
5. Complete at least nine (9) hours of 500- and 600-level non-accounting courses.
6. Complete at least 30 hours of required graduate courses.
7. Pass written comprehensive examinations.

ASSISTANTSHIPS

Graduate Teaching/Research Assistantships (GTRA) are available for qualified students. Graduate student applicants who have at least 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.

DEGREE REQUIREMENTS: