Master of Science in Accounting
Master of Science in Accounting
10 Integrated Courses | 30 Credit Hours | View Program Brochure
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.
- Master’s classes are taught in the evening to accommodate working students.
- Competitive tuition rates and scholarship opportunities.
- Class size is limited to allow professors to focus upon honing communication and critical-thinking skills.
- Up to six hours of academic credit for CPA Exam preparation classes.
- CPA Exam preparation classes utilize the Becker CPA Exam Prep materials.
- Graduates have excellent job placement and CPA Exam passage rates.
- Professors bring public, industry and government experience to the classroom.
- All classes held in the Meinders School of Business, a centrally-located, state-of-the-art facility with ample parking.
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 based on several factors, including:
- Prior college cumulative GPA
- Professional work experience, academic and/or professional accomplishments
- Letters of recommendation and personal statement
- GMAT score*
*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
MGMT 2213: Business Law* **
ACCT 3113: Intermediate Accounting I**
ACCT 3123: Intermediate Accounting II**
ACCT 3413: Introduction to Taxation**
ACCT 4313: Auditing**
* 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.
ACCT 5123: Accounting Theory
ACCT 5313: Auditing Policies, Frameworks, & Practices
ACCT 5413: Income Taxation of Entities
ACCT 5513: Accounting Information Systems and EDP Control
ACCT 5613: Accounting Ethics
FIN 5303: Financial Strategy & Decision Making
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 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)
MGMT 5703: Ethical, Societal, and Legal Environment of Business
To learn more about the program, contact Cindy Treadway, Graduate Advisor, at email@example.com or (405) 208-5154 or request more information.
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 Strategy & Decision Making 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 5911-3 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.
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. MGMT 5703 – Ethical, Societal, and Legal Environment of Business 3 credit hours This course examines areas of law and ethics that relate to the contemporary business environment. Areas of study include contracts, torts, white collar crime, product liability, anti-competitive practices, consumer protection, employment practices, business organizations, and the legal and ethical responsibilities of business.
* Other non-accounting courses may be allowed as electives, subject to the approval of the accounting advisor.