Master of Accounting

Gain strong technical skills in accounting and financial reporting with the School of Business’ Master of Accounting (MAcc).

The MAcc curriculum expands the competencies of aspiring and working professionals, providing an in-depth study of advanced accounting principles. The program prepares students to pass the CPA and CMA exams, earn the required 150 hours for licensure, and excel in public accounting firms, corporations, governmental agencies and nonprofit organizations.

In addition to the MAcc, Saint Leo offers an MBA with an Accounting Concentration. The MBA provides a more general business foundation than the MAcc, which provides more in-depth knowledge in the specific field of accounting. According to the American Institute of CPAs, the MAcc continues to be the dominant degree for accountants at the graduate level—82 percent of master’s graduates hired by CPA firms in 2011 held a MAcc degree.

The Master of Accounting program prepares you to:

  • Resolve financial reporting issues of both U.S. and multinational business entities, governmental agencies and nonprofit organizations.
  • Apply knowledge of tax laws for planning and compliance purposes.
  • Recognize and evaluate areas of potential legal concern in the business environment.
  • Evaluate, interpret and apply relevant professional standards to complex accounting-related issues, and arrive at well-thought out conclusions.
  • Analyze financial statements within the context of firm valuation.
  • Identify ethical issues and decision alternatives by incorporating appropriate professional codes of conduct and social responsibility.

The Master of Accounting curriculum has been developed based on the requirements of the CPA exams and a review of other well established programs.


Degree Requirements

Students may be able to waive the prerequisite courses if the courses were taken as part of their undergraduate degree programs, or as post-baccalaureate students. Prerequisite courses are ACC 301: Intermediate Accounting I, ACC 302: Intermediate Accounting II, ACC 303: Accounting Information Systems, ACC 331: Cost Accounting, ACC 411: Auditing, ACC 421: Individual Federal Income Taxes and GBA 231: Business Law I. Students with non-business undergraduate degrees may be required to take additional undergraduate courses to satisfy the requirements for the MAcc and the CPA examination.

Accounting Credits (24 credits)

  • Course
  • Course Name
  • Credits
  • ACC 504 Fund Accounting for Governmental and Not-for-Profit Accounting 3

    A study of financial and management accounting principles as they apply to governments and not for-profit organizations, and health care organizations. Also, an overview of the characteristics of generally accepted government auditing standards and the single audit.

    Prerequisites: Undergraduate courses in Principles of Accounting 1 and 2

  • ACC 505 Fraud Examination 3

    Students will learn how and why occupational fraud is committed, how fraudulent conduct can be deterred, and how allegations of fraud should be investigated and resolved. Emphasis will be on fraudulent financial reporting, litigation support, and investigative auditing. Students will work through cases, developing investigative strategies and seeking to prove how fraud was committed.

    Prerequisites: Undergraduate courses in Principles of Accounting 1 and 2

  • ACC 512 Contemporary Issues in Auditing 3

    An in-depth study of the theory and practice of professional auditing, including audit research, the economic function of auditing, current auditing techniques and services, professional standards and malpractice. The course will include cases, research and discussion.

    Prerequisites: undergraduate course in Auditing

  • ACC 522 Federal Taxation of Business Entities 3

    A study of income tax situations involving corporation and partnership taxation, including the tax effects on the different forms of businesses, taxable and tax-free reorganization, and an overview of the estate and gift taxes. Emphasis is on tax planning and research.

    Prerequisites: undergraduate course in Taxation

  • ACC 532 Advanced Cost Accounting 3

    Emphasis is placed on measurements for decision making and strategic planning, including cost analysis, capital budgeting, activity-based costing, and other advanced cost accounting and managerial decision topics.

    Prerequisites: ACC 331 or equivalent

  • ACC 538 Business Law and the Accountant 3

    The purpose of the course is to provide the accountant and aspiring accountant a general understanding of U.S. jurisprudence and the application of U.S. law to the business sector. The course content was developed in consultation with members of the accounting profession, and it focuses on matters pertinent to the practitioner. It takes as a "given" the fact that most accountants will spend their professional time working with or for various types of business organizations, most often corporations.

    Prerequisites: Undergraduate course in business law

  • ACC 549 Using Financial Accounting Information 3

    A study of financial statement analysis using accounting principles, measurement, and reporting practices. Also included are insights into income determination and methods for evaluating the firm through the balance sheet, income statement, statement of cash flows, and statement of changes in stockholders' equity.

    Prerequisites: ACC 301, ACC 302

  • ACC 540 Accounting Theory 3

    This course addresses the development of accounting theory, the conceptual framework, and international accounting. It also addresses topics in financial accounting theory including, but not limited to, the concept of income, the income statement, the balance sheet and the statement of cash flows, equity, and financial reporting disclosure requirements.

    Prerequisites: ACC 301, ACC 302

Non-accounting Credits (6 credits)

  • Course
  • Course Name
  • Credits
  • MBA 540 Managerial Economics 3

    This course explores the concepts of economic optimization, the estimation of demand, and cost and pricing analysis. An introduction to economic forecasting and decision making under conditions of risk and uncertainty is also included.

    Prerequisites: Undergraduate course in economics strongly recommended.

  • MBA 570 Corporate Finance 3

    This course considers the financial management decision-making role within the organization. Subjects include valuation concepts, including financial ratio analysis; short-term financial management, including the management of current assets and liabilities; management of long-term investments, including capital budgeting techniques; a discussion of leverage and its relationship to the capital structure; and an introduction to financial markets and financial institutions.

    Prerequisites: MBA 540, MBA 560 or ACC 504

Total Credits 30