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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. 

Earn your master’s degree while receiving credits toward the 150 credits required to become a Certified Public Accountant (CPA), and learn content knowledge to help prepare you for the CPA exam and/or the Certified Management Accountant (CMA) exam.*

* Students should be aware that CPA requirements vary by state; it is the responsibility of individual students to review all requirements and criteria for the state in which they are seeking certification.

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.


On-Campus or Blended Programs

Fully Online Program

Applicants must submit the following:

  1. Completed application form with the nonrefundable application fee (fee not required for alumni or students seeking readmission or veterans and active military personnel), and
  2. An official transcript issued to Saint Mary’s University of Minnesota from the institution posting the applicant’s completed bachelor degree and other relevant transcripts documenting program prerequisites and potential transfer credits.(An official transcript is one that is sent to the university by the credit-granting institution. Transcripts from countries other than the U.S. must be evaluated by a university accepted evaluation source, such as World Education Services, Educational Credential Evaluators, Educational Perspectives, or One Earth International Credential Evaluators and be deemed equivalent to accredited U.S. university standards).
  3. A reflective essay which includes the following:
    • brief description of the applicant’s background, training, and experience; and
    • statement indicating the career goals of the applicant and his or her reasons for seeking admission to the program; and
    • description of the areas the applicant considers to be his or her strengths and areas in which the applicant wishes to develop greater strengths and abilities; and
    • personal information the applicant wishes to share.
  4. Two letters of recommendation that verify professional and/or volunteer experience and academic ability; and
  5. A current résumé listing educational background and work experience.
  6. Applicants with international transcripts may require an English language proficiency exam (TOEFL, IELTS, PTE or MELAB accepted.)

Please Note: Application materials should be sent to the attention of the Office of Admission on the Twin Cities campus.

Saint Mary’s University of Minnesota
Office of Admission
2500 Park Avenue
Minneapolis, MN  55404


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

Degree Requirements

Degree Requirements

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

* Foundation courses do not count toward the degree.

Foundation 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. Other assurance, attestation and internal auditing services are also covered.

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

  1. Describe and apply auditing standards and understand the meaning of generally accepted auditing standards.
  2. Define internal control and understand its impact on the audit.
  3. Explain the relationship between audit evidence and audit risk and identify and explain the components of audit risk.
  4. Identify and apply audit methods and techniques used in practice today.
  5. Perform appropriate analytical procedures.
  6. Describe other important services that a certified public accountant can perform.

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. Explain the advantages and disadvantages of the taxation of different entities.
  3. Assess tax and nontax costs of various organizational forms.
  4. Prepare tax returns for partnerships, C corporations, and S corporations.
  5. Identify basic tax concepts among most states, and determine tax planning to reduce a corporation's overall state tax burden.
  6. Analyze the tax implications of alternative choices 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 be able to do the following:

  1. Assess the environment of financial reporting and rule making.
  2. Recognize the relationship among the objectives of financial reporting and decision making.
  3. Prepare and interpret 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. Compute ending inventory and cost of goods sold under multiple inventory valuation methods, including dollar value LIFO and lower of cost or market methods.
  6. Study the codes of ethics for various accounting professional organizations.
  7. Recognize various types of computer software, and relate the importance to financial reporting and decision making.
  8. Know the requirement of the accounting profession concerning continuing professional education (CPE) and certifications (CPA, CIA, CMA, etc.).

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 risk 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. Prepare and evaluate flowcharts of business processes from a narrative.

ACCT630 Advanced Audit and Internal Controls (3 cr.)

This course builds upon previous auditing course work through the use of case studies, and provides an in-depth analysis of selected advanced topics in auditing, including developing an understanding of the (1) code of professional ethics of the auditing professions, (2) fundamental principles underlying an audit performed in accordance with generally accepted auditing standards, (3) impact of information technology in the conduct of an audit, and (4) how audit sampling is used in an audit. In addition, the factors that impact audit risk are analyzed, and the impact of internal controls on the conduct of an audit are evaluated.

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

  1. Understand the philosophy, environment, and code of ethics of the auditing profession.
  2. Examine the fundamental principles underlying an audit performed in accordance with generally accepted auditing standards.
  3. Interpret and use audit sampling in the conduct of an audit.
  4. Articulate management and auditor responsibilities with respect to internal control under the Sarbanes-Oxley Act.
  5. Evaluate the use of internal controls by top management and governing boards for organizations.
  6. Determine audit risk and access its impact on an audit.
  7. Assess the impact of information technology in the conduct of an audit.

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 Foundations of Project Management (3 cr.)

This foundation course covers key terminology, project management context, and the project management framework. This framework includes the project management knowledge areas and the project process groups.

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, schedule, cost, quality, resource, communications, risk, procurement, and stakeholder management process inputs, tools and techniques, and outputs.
  5. Analyze stakeholder needs and expectations.
  6. Interpret the role of the project manager.
  7. Initiate a project by creating a project charter and analyzing stakeholder needs.
  8. Apply university and workplace citation and documentation carefully to all assignments.

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.

Connect With Us

Nicole Coppersmith, M.A.

SGPP Admission - Senior Enrollment and Transfer Counselor

Oakdale Center, OC

Campus Box: # 28

(612) 238-4561

Nicole Coppersmith M.A.
Carlie Derouin

SGPP Admission - Enrollment Counselor, Graduate School of Business and Technology

LaSalle Hall-TC Campus, LSH112

Campus Box: # 28

(612) 728-5198

Carlie Derouin


Alisa DiSalvo, M.B.A.

Accounting Program - Adjunct Associate Professor

Barbara Doyle, M.B.A.

M.S. in Accountancy Program - Adjunct Instructor

Steven Hirsch, M.B.A.

BS in Accounting Program - Adjunct Instructor

(612) 659-7261

Robert Hyde, M.B.A.

M.S. in Accountancy Program - Adjunct Instructor

Amy Jauman, Ed.D.

Master of Business Administration Program - Adjunct Assistant Professor

Walter Jungbauer, Sr.

M.S. in Accountancy Program - Adjunct Instructor

Beverly Kile, M.B.A.

M.S. in Accountancy Program - Adjunct Associate Professor

Beverly Kile M.B.A.
Faye Larson, M.B.A.

MA in Accounting Program - Adjunct Assistant Professor

Laura Lee, M.B.A.

MS in Accounting Program - Adjunct Associate Professor

Ronald Myszkowski, M.A.

M.S. in Accountancy Program - Adjunct Assistant Professor

Catherine Rice, M.B.A.

Accounting Program - Adjunct Associate Professor

Catherine Rice M.B.A.
Melanie Torborg, M.B.A.

BS and MS in Accounting Program - Program Director

Brother Louis Hall, BLH241

Campus Box: # 28

(612) 238-4525

Melanie Torborg M.B.A.
Ann Van Diest, M.B.A.

M.S. in Accountancy Program - Adjunct Program Assistant Professor

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