Qualified students may complete the degree in 30 hours of study and will have met the educational requirements to sit for the Certified Public Accountant exam in most states.
APPLY to the program
The Master of Science in Accounting (MSA) is a highly structured program designed for students who desire careers in public accounting, corporate accounting, government accounting and similar endeavors. Students obtain an in-depth knowledge of highly technical financial accounting standards, auditing standards, tax statutes and regulations.
Applications are evaluated using several factors, including:
*GMAT score not required with either (1) 15 accounting hours with ≥ 3.00 GPA (Students planning to take additional Accounting prerequisite courses may be admitted to the MSA program subject to the condition that their Accounting course grades subsequently satisfy this standard) or (2) 5 years accounting experience. International students must demonstrate adequate English proficiency. Prerequisites may be required before student can enter into the MSA program if certain criteria are not met.
The following prerequisites may be required before students can take certain MSA classes.
|ACCT 2113||Financial Accounting|
|ACCT 2213||Managerial Accounting pre-req: Financial Accounting|
|MGMT 2213||Business Law* **|
|ACCT 3113||Intermediate Accounting I** pre-req: Financial Accounting|
|ACCT 3123||Intermediate Accounting II** pre-req: Intermediate I|
|ACCT 3413||Introduction to Taxation** pre-req: Financial Accounting|
|ACCT 4313||Auditing** pre-req: Intermediate II|
*May be waived if MGMT 5703 Legal and Ethical Environment of Business is taken as an MSA elective
**Must be taken at a regionally-accredited U.S. school
All waivers and agreements are subject to compliance with the appropriate OCU bulletin or approval of the Dean.
Required Core Courses
|ACCT 5123||Accounting Theory|
|ACCT 5313||Auditing Policies, Frameworks, & Practices|
|ACCT 5413||Income Taxation of Entities|
|ACCT 5513||AIS and EDP Control|
|ACCT 5613||Accounting Ethics|
|FIN 5303||Financial Policy for Managers|
|ELECTIVE||Choose 4 Electives*|
|* At least 1 elective must be Accounting; remainder at approval of Accounting Chair.|
|ACCT 5133||International Accounting|
|ACCT 5163||Energy Accounting|
|ACCT 5913||Special Topics of study in Accounting|
|ACCT 5923||Applied Research or Internship in Accounting|
|ACCT 5713||CPA Exam Review Part I (Using Becker CPA Exam Review materials)|
|ACCT 5723||CPA Exam Review Part II (Using Becker CPA Exam Review materials)|
ACCT 5123 Accounting Theory 3 credit hours
Study and evaluation of alternative theory, practices, and generally accepted accounting principles of financial accounting and the bases for conclusions reached by the Financial Accounting Standards Board and other financial accounting standard-setting bodies.
ACCT 5313 Auditing Policies, Frameworks, and Practices 3 credit hours
Application of technical auditing skills and techniques based on mastery and interpretation of AICPA and PCAOB auditing standards and pronouncements as well as contemporary frameworks for enterprise risk management and fraud prevention and detection. Topics include latest methods involved in audit planning, control structure review, procedures selection, procedural execution, and communication of audit findings and results.
ACCT 5413 Income Taxation of Entities 3 credit hours
Introduction to income taxation issues unique to C corporations, S corporations, partnerships and estates/trusts, including preparation of entity returns.
ACCT 5513 Accounting Information Systems and EDP Control 3 credit hours
This course covers computer-based accounting and related integrated systems and software. Reporting objectives, transaction trails, security, documentation, and internal EDP controls are emphasized.
ACCT 5613 Accounting Ethics 3 credit hours
Survey of professional ethics standards and personal ethics as applied to the practice of accounting.
FIN 5303 Financial Policy for Managers 3 credit hours
Fundamental concepts such as time value of money and risk-return relationships in finance are presented in detail. Financial decisions faced by modern business enterprises are analyzed in the framework of financial theories. These decisions include capital budgeting, long-term financing, dividend policy, short-term financial management, and performance evaluations. Prerequisites: FIN 5023 or FIN 3023 and ACCT 5403.
ACCT 5133 International Accounting 3 credit hours
Survey of International Financial Reporting Standards (IFRS) and other topics related to international accounting.
ACCT 5163 Energy Accounting 3 credit hours
Acquaints students with accounting in the Energy industry, including acquisition, production/depletion and retirement of oil and gas properties. Topics include differences between full cost and successful efforts accounting methods; accounting for joint ventures; and analysis of financial statements and disclosures issued by oil and natural gas firms. Introduction to related tax issues.
ACCT 5911 Special Topics in Accounting 1-3 credit hours
A variable-credit course designed to meet the needs of students with specific interest in specialized accounting topic.
ACCT 5921 Applied Research or Internship in Accounting 1-3 credit hours
A variable credit course. Applied research, independent study, or work experience integrating knowledge and abilities gained in accounting courses.
5713 CPA Exam Review I & 5723 CPA Exam Review II 3 credit hours each; 6 total
Prepares the student to sit for the CPA Exam by systematically reviewing topics covered on the exam. The primary goal of the courses is to take the rules and concepts studied in the Accounting curriculum and incorporate them into a comprehensive understanding of the accounting framework. Becker CPA Review materials are used in both courses.