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M.S. in Accountancy

The Saint Mary’s University of Minnesota Master of Science in Accountancy program is designed and taught by industry experts to equip financial professionals with leadership skills that will last a lifetime. 

From advanced courses in taxation and audits to ethics and fraud analysis, students at Saint Mary’s will build a well-rounded skillset alongside their peers, while at the same time earning credits toward the Certified Public Accounting (C.P.A.) and Certified Management Accounting (C.M.A.) licenses.

Preparing for Success

The real-world experiences that professors bring into the classroom inspire lively conversation and a learning environment that ensures students are well-prepared for success in management positions in a variety of settings—public accounting firms, private accounting firms, corporate accounting departments, government departments, nonprofit organizations, and more.

From Start to Finish

  • You can earn your M.S. in Accountancy degree in as little as one year.
  • Cohorts begin each spring, summer, and fall. Apply today.

Locations

This program is offered at our Twin Cities location and online.

Degree Requirements

Prerequisite Courses - 9 cr.

ACCT500 Auditing (3 cr.)

This course covers audit theory and practice.  It emphasizes applying audit theories and procedures in the examination of a company's financial statements by a certified public accountant.  Auditing standards, professional ethics, legal responsibilities, and current auditing trends are discussed.

Upon completion of this course, students are expected to be able to do the following

  1. Describe and apply auditing standards.
  2. Discuss the role of the auditor with regard to legal liability, ethics, and independence.
  3. Define internal control and distinguish the major components of internal control.
  4. Explain the relationship between evidence and audit risk and identify and explain the components of audit risk.
  5. Identify and apply audit methods and techniques used in practice today.
  6. Perform appropriate analytical procedures.

ACCT505 Business Taxation (3 cr.)

This course provides an introduction to corporate federal income tax law. Tax provisions and administrative rules pertaining to corporations and alternative organizational structures are examined.

Upon completion of this course, students are expected to be able to do the following:

  1. Interpret and evaluate the tax code as it applies to taxpayer situations.
  2. Identify the advantages and disadvantages of the taxation of different entities.
  3. Assess tax and nontax costs of various organizational forms.
  4. Prepare Form 1120 tax return for C corporations, Form 1065 Partnerships - Schedule M1 & M2 and Form 1120 S Corporations - Schedule M1 & M2.
  5. Evaluate and calculate methods of cost recovery depreciation.
  6. Summarize and compare basic tax concepts among most states and determine tax planning to reduce a corporation's overall state tax burden.
  7. Analyze the tax implications of a tax client's case facts and communicate these findings.

ACCT510 Intermediate Accounting (3 cr.)

This course is a comprehensive study of financial accounting theory. Topics include the formation of Generally Accepted Accounting Principles (GAAP), financial statement presentation and valuation, revenue recognition concepts, time value of money, cash and marketable securities, accounts receivable, and inventories.

Upon completion of this course, students are expected to do the following:

  1. Research the environment of financial reporting and rule making.
  2. Apply the objectives of financial reporting to decision making.
  3. Interpret and analyze financial statements and disclosures according to GAAP including the balance sheet, income statement, statement of stockholder equity, and the statement of cash flows.
  4. Calculate and determine the appropriate value of reporting current assets.
  5. Study and use the codes of ethics for various accounting professional organizations.
  6. Know the requirements of the accounting profession concerning continuing professional education (CPE) and certifications (C.P.A, C.I.A., C.M.A., etc.).
  7. Analyze equity transactions and their effects on the financial statements.

Required Core Courses: 24 cr.

ACCT600 Financial Communication (3 cr.)

This course provides students with an understanding of how accounting and other information necessary to assess a firm's economic status is created, packaged, and disseminated to a company's management team and external users such as investors, customers, analysts, and the financial media. The course also covers academic writing used in the program and information literacy required for research. 

Upon completion of this course, students are expected to be able to do the following:

  1. Evaluate methods used to communicate complex accounting concepts.
  2. Interpret how effectively annual reports communicate an organization's objectives.
  3. Develop different communication strategies for all stakeholders.
  4. Employ multimedia, hypermedia, and electronic literature resources to gather and distribute accounting and business knowledge and information.
  5. Employ clear writing and speaking skills appropriate to the audience.
  6. Capture ideas, data, and relationships visually.

ACCT610 Leadership and Ethics (3 cr.)

This course covers how accounting leaders assist a company in making strategic financial decisions and explores the relationship between ethics and leadership. Students learn behaviors to accelerate high performance and create an ethical environment.

Upon completion of this course, students are expected to be able to do the following:

  1. Develop a definition of ethical leadership that encompasses social responsibility and civic engagement.
  2. Use tools for conflict resolution, managing diversity, and building teams.
  3. Evaluate team strategies to enhance team productivity.
  4. Analyze organizational theories to manage strategically.
  5. Assess the congruence between personal norms and ethical principles.
  6. Demonstrate respectful engagement with others' ideas, behaviors, and beliefs.
  7. Apply diverse frames of reference to decisions and actions.
  8. Resolve issues based on evidence weighed against relevant criteria.
     

ACCT620 Accounting Information Systems (3 cr.)

This course is designed to present an understanding of accounting information systems and their role in the accounting environment. Particular attention is paid to accounting information systems with regard to organizational goals, relational databases, internal control processes, risks, and management reports.

Upon completion of this course, students are expected to be able to do the following:

  1. Evaluate how accounting information systems align with organizational goals.
  2. Analyze the impact of accounting information systems on managing organizational risk.
  3. Summarize the advantages and disadvantages of enterprise resource management systems.
  4. List internal controls as they apply to accounting information systems.
  5. Develop a contingency plan for disaster preparedness and data recovery.
  6. Outline the monthly accounting cycle processes.
     

ACCT630 Advanced Audit and Internal Controls (3 cr.)

This course provides an in-depth analysis of selected advanced topics in auditing, including professional auditing standards, planning, evidence, internal control, statistical sampling, electronic deposit processing auditing, reporting, integrative audit case, and operational auditing. A special focus exists on audit evidence and how auditors make decisions. Key topic areas include ethics, analytical review, fraud, and the role of technology.

Upon completion of this course, students are expected to be able to do the following:

  1. Characterize the philosophy, environment, and code of ethics of the auditing profession.
  2. Summarize the auditing standards.
  3. Create audit sampling based on auditing standards and industry norms.
  4. Articulate management responsibility under Securities and Exchange Commission and Sarbanes-Oxley.
  5. Evaluate the use of internal controls by top management and governing boards for organizations.
  6. Develop audit risk guidelines for the different levels of assurance.
  7. Research the role of technology in the audit profession.
  8. Develop recommendations based on audit evidence.
     

ACCT650 Forensic Accounting and Fraud Analysis (3 cr.)

This course examines fraud schemes and addresses fraudulent financial reporting, misappropriation of assets, and corruption. Students learn how to develop evidence to assist a fraud case through litigation support and expert testimony techniques.

Upon completion of this course, students are expected to be able to do the following:

  1. Research fraud issues and internal control within the workplace to recommend a course of action.
  2. Identify common fraud schemes and fraudulent financial reporting.
  3. Identify the evidence misappropriation of assets.
  4. Identify and evaluate criminal activity related to accounting fraud.
  5. Develop evidence to assist a fraud case through litigation support and expert testimony techniques.
  6. Research the role of technology in the forensic accounting profession.
     

ACCT660 Strategic Management Accounting (3 cr.)

This course emphasizes cost accounting as a source of data for measuring and improving the economic condition of the business. Topics include strategic planning and control, cost analysis, overhead allocation, and financial statement analysis.

Upon completion of this course, students are expected to be able to do the following:

  1. Apply advanced managerial accounting concepts and tools to make more informed and effective decisions.
  2. Assess, interpret, and evaluate various issues faced by business organizations.
  3. Provide a recommendation for strategic management decision making.
  4. Create forecast projections.
  5. Analyze financial statements and recommend a course of action.
  6. Prepare a strategic plan and annual budget.
     

ACCT670 Taxation and Business Decisions (3 cr.)

This course examines the relationship between managerial decision making and taxes. Topics include the different types of entities and the impact of tax considerations in business decisions such as corporate structure, reorganization, and compensation.

Upon completion of this course, students are expected to be able to do the following:

  1. Research the differences and similarities between federal taxation and business law.
  2. Explain the advantages and disadvantages of the taxation of different entities.
  3. Analyze the taxation rules for mergers and acquisitions for a company
  4. Analyze how taxes impact and influence business decisions.
  5. Compare the tax treatments among foreign branches and foreign subsidiaries.
  6. Assess tax and nontax costs of various organizational forms.
     

ACCT680 Contemporary and Emerging Issues (3 cr.)

This course identifies developing areas in accounting and encourages students to research the issues, think critically, evaluate alternatives, and communicate conclusions orally and in writing. The course addresses the role of the contemporary accountant, international accounting standards, the future of the Financial Accounting Standards Board (F.A.S.B.), standard setting and regulation, ethics, and other developing issues.

Upon completion of this course, students are expected to be able to do the following:

  1. Examine and summarize the role that the accountant plays as a strategic business partner.
  2. Analyze the historical and current accounting standard setting process.
  3. Compare International Standards to US GAAP.
  4. Research and summarize current accounting emerging issues.
  5. Analyze the current Congressional business tax rulings.
  6. Communicate conclusions with clarity and coherence.

Elective Courses: 3 cr.

ACCT640 Nonprofit and Government Accounting (3 cr.)

This course introduces the concepts and practices of accounting for nonprofit entities and for state and local governments. Topics include the role and process of budgeting in governmental and nonprofit organizations and financial analysis.

Upon completion of this course, students are expected to be able to do the following:

  1. Identify and articulate the roles and responsibilities of a nonprofit board of directors and the management team.
  2. Apply generally accepted governmental and nonprofit financial reporting principles.
  3. Identify the accounting similarities and differences between nonprofit entities and private business enterprises.
  4. Prepare financial statements, notes, and supplementary information to meet the external reporting requirements of a nonprofit entity.

HRM601 Human Resource Management Strategy (3 cr.)

This course examines human resource management in the context of business policy and competitive strategy. The core competencies required to become a successful human resource manager are discussed. Topics include an overview of business policy, role of human resource planning, strategic human resource management, and using technology for planning and administering human resource functions.


Upon completion of this course, students are expected to be able to do the following:

  1. Outline the core competencies needed to become a successful human resource manager.
  2. Analyze how business strategy, competition, labor markets, technology, labor unions, and government regulations affect human resource planning activities, including skill inventories and supply/demand forecasting.
  3. Formulate how human resource policies, systems, and organizational design support an organization's business strategy.
  4. Appraise employment practices related to recruitment, selection, and performance management.
  5. Evaluate training and development practices such as career counseling, needs assessment, and career pathing.


 

 

PRM600 Fundamentals of Project Management (3 cr.)

This foundation course examines the project management framework. This framework covers key terminology, project management context, and processes. Topics include project management knowledge areas, life cycles, and organizational designs.

Upon completion of this course, students are expected to be able to do the following:

  1. Apply key project management terms.
  2. Analyze the environment in which projects operate.
  3. Describe a generalized view of how the various project management processes commonly interact.
  4. Identify project integration, scope, time, cost, quality, human resource, communications, risk, and procurement management process inputs, tools and techniques, and outputs.
  5. Identify life cycle phases appropriate to a project.
  6. Analyze stakeholder needs and expectations.

Required Capstone Course: 3 cr.

ACCT690 Master's Capstone (3 cr.)

This course blends accounting theory, practice, and research. Students demonstrate leadership and strategic decision-making skills along with advanced knowledge of accounting. Students present findings to colleagues and professionals in the field.

Upon completion of this course, students are expected to be able to do the following:

  1. Apply learned research skills to investigate an entity.
  2. Analyze the financials of an organization.
  3. Interpret results of the financial analysis.
  4. Develop a course of action based on research on analysis.
  5. Prepare a management summary of the research and analysis.
  6. Present findings in a professional and engaging manner.
     

Degree Requirements

Prerequisite Courses* 9 cr.
Core Courses 24 cr.
Elective Courses   3 cr.
Capstone Course   3 cr.
Total 30 cr.

* Prerequisite courses do not count toward the degree.




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Austin Pippin

SGPP Admission - Enrollment Counselor Graduate School of Business and Technology

LaSalle Hall-TC Campus, LSH114

Campus Box: # 28

(612) 728-5198

apippin@smumn.edu