Still accepting applications for Summer and Fall 2019!
Graduates and current students both tout the Master of Accountancy (M.Acc.) program as a challenging academic regimen that offers preparation for the Certified Public Accountant exam, while at the same time incorporating relevant real-world examples that equip them for the work force. Students praise professors in the department for their approachability. “While they have powerful positions, they remain humble enough to make students a priority,” says Phylicia Coleman, a recent graduate, who works as an auditor in the Nashville office of Deloitte & Touche, LLP. Another recent graduate, Duresha Rice, offers the following about her accounting professors: “They want to see every student succeed and become successful.” After graduating, Rice began her career at Faulkner, Mackie and Cochran, P.C., as an external auditor. “Thanks to the accounting department at MTSU, I have secured a position with the Tennessee Department of Audit,” says former master’s student Adria Bakke., These powerful testimonies from current and former students illustrate how the M.Acc. program prepares students for professional jobs in accounting and other related fields.
Faculty willing to take time to help
Shane Gibson is in the real-world work place, starting out as an internal auditor for Hospital Corporation of America, then transitioning to Parker, Parker, & Associates. He earned his Bachelor of Business Administration (B.B.A.) degree, then went on to complete his Master of Accountancy (M.Acc.). He says his time at MTSU was invaluable. “Those years transformed me into the professional I am today. Through on-campus organizations such as Beta Alpha Psi, I was introduced to lifelong friends who continue to shape my life to this day. The accounting program challenged me to exceed the status quo and to discover my true potential. The faculty was tremendously helpful as they were always willing to take time out of their day to help.” Gibson adds that the program prepared him for both the CPA Exam and his career. “The challenging courses in the Accountancy program helped prepare me for the challenges that I face in the work force today.”
MTSU helped her ‘hit the ground running’
Jana Lowe worked for a nonprofit organization as an accounting technician before she realized that she could not advance without a degree in accounting. That’s when she enrolled at MTSU, and she earned undergraduate and graduate degrees in accounting. “My experience at MTSU was entirely positive. The professors are knowledgeable and experienced and seek to help their students prepare for the work world. They especially encourage students to sit for the CPA Exam. [My tax courses] prepared me for tax preparation and research that I use in my current job. Our firm performs local government and nonprofit audits. My governmental accounting course prepared me for this unique type of accounting. All my accountancy professors had extensive expertise and enthusiasm for their field.” New hires are expected to hit the ground running, Lowe notes. MTSU prepared her for a smooth landing and to keep pace. “The relationships I developed as a graduate assistant and my involvement in Beta Alpha Psi have continued to enrich my life.” Lowe is with Parker, Parker & Associates, in Goodlettsville, Tenn.
Career opportunities for individuals earning a Master of Accountancy degree (M.Acc.) can be found in areas such as
- Public accounting
- Tax preparation
- Accounting information systems
- Nonprofit organizations
- Criminal investigation
Employers of MTSU accounting graduates include
- Acadia Healthcare
- Carr Riggs & Ingram
- Comptroller’s Office, State of Tennessee
- Crosslin & Associates
- Crowe LLP
- Defense Contract Audit Agency
- Dempsey Vantrease & Follis
- Ernst & Young
- Faulkner Mackie & Cochran
- HCA Internal Audit
- Iasis Healthcare
- Jobe Hastings
- Kraft CPAs
- Lattimore Black Morgan & Cain
- Maggart & Associates
- Pricewaterhouse Coopers
- Puryear Hamilton Hausman & Wood
- Tennessee Department of Audit
- Winnett and Associates
The Department of Accounting offers a general Master of Accounting (M.Acc.) degree, which requires thirty credit hours of coursework. Students may elect to complete a tax specialization by taking twelve credit hours of tax coursework as part of their thirty credit hour program.
To be considered for the M.Acc. Program, a student must meet one of the following:
- Student has an undergraduate Accounting degree from a college or school of business that is accredited by the Association to Advance Collegiate Schools of Business (AACSB) with an overall GPA of 3.00.
- Student has an overall composite score of 950 (calculated as the undergraduate GPA x 200 + GMAT), with a minimum GMAT of 400.
- Student has an upper-division composite score of 1000 (calculated as the upper-division GPA x 200 + GMAT), with a minimum GMAT of 400.
- Other requirements apply to coursework taken at foreign institutions (see the Graduate Catalog for details).
Program prerequisites include Intermediate Accounting I and II (ACTG 3110 and 3120), Cost Accounting (ACTG 3310), Introduction to Federal Income Tax (ACTG 4550), and External Auditing I (ACTG 4620). The business prerequisites for a student seeking the M.Acc. degree are Legal Environment of Business (BLAW 3400), Principles of Economics (ECON 2410 or ECON 2420), Statistical Methods (BIA 2610), Principles of Management Information Systems (INFS 3100), and Business Finance (FIN 3010). Students can be admitted to the program even if they have not completed all of these prerequisites. Any missing prerequisites must be completed before taking related graduate coursework.
Most students in the M.Acc. program pursue certification as a Certified Public Accountant (CPA), and the program specifically includes a review class that assists students in preparing for the CPA exam. In addition, the M.Acc. program can help students pursue other professional certifications, such as Certified Management Accountant (CMA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA).
For complete curriculum details, click on the REQUIREMENTS tab above.
Other degree programs in Accounting
The undergraduate Bachelor of Business Administration (B.B.A.) with a major in Accounting is designed to provide the student with a well-rounded education in both business and liberal arts. Undergraduate minors are offered in Accounting and Accounting/Information Systems.
John Wermert, Program Director
The Department of Accounting offers a flexible Master of Accountancy (M.Acc.) degree program that develops students' decision making and communication skills and provides a path to professional accounting certifications.
Please see the undergraduate catalog for undergraduate program information.
To be considered for admission to the Master of Accountancy program (see Admission to the College of Graduate Studies), a student must meet ONE of the following:
- Student has an undergraduate accounting degree from an Association to Advance Collegiate Schools of Business (AACSB) accredited institution with an overall undergraduate GPA of 3.00.
- Student has an overall composite score > 950, calculated as (Cumulative GPA x 200) + GMAT, with a minimum GMAT of 400.
- Student has an upper-division composite score > 1,000, calculated as (Upper Division GPA x 200 ) + GMAT, with a minimum GMAT of 400.
- International students must comply with the following provision: For undergraduate degrees from foreign institutions where a grade point average cannot be clearly established but where that work is thought to be equivalent to domestic grades of B or higher, admission eligibility may be determined by the GMAT score. A score of at least 450 is required for unconditional admission under such circumstances. Preparatory work taken at institutions with grading systems paralleling those of most U. S. institutions must conform to a B average.
- Students without an undergraduate degree in Accounting may apply for admission to the Master of Accountancy program as long as they meet the requirements in (2) or (3) above. In addition, these students will be required to complete certain prerequisite undergraduate accounting courses including (but not limited to) Principles of Accounting I and II, Intermediate Accounting I and II, Cost Accounting, Introduction to Federal Income Tax, Auditing, Legal Environment of Management (Business Law), Survey of Economic Theory, Quantitative Methods Survey, Survey of Information Systems Issues, and Survey of Managerial Finance.
All application materials are to be submitted to the College of Graduate Studies.
Applications are accepted for students to begin the M.Acc. program during any semester (fall, spring, or summer). June 1 is the deadline for priority admission for the fall semester, and October 1 is the deadline for priority admission for spring. Applications will be accepted after these dates, but admission consideration is not guaranteed. Students are encouraged to apply early to facilitate early registration for classes.
- submit an application with the appropriate application fee (online at www.mtsu.edu/graduate/apply.php);
- submit official scores on the Graduate Management Admissions Test (GMAT) if required;
- submit official transcripts of all previous college work.
NOTE: Letters of recommendation are not required unless a student is applying for an assistantship. Students applying for an assistantship must also submit three letters of recommendation from professors or professionals that address the applicant's potential to successfully complete the Master of Accountancy program.
The Master of Accountancy requires completion of a 13 credit-hour core and 17 credit hours in electives. A capstone course must be passed with a grade of B- or higher with a maximum enrollment of two times. The degree is to be completed within six years from the time of admission to the degree program.
Candidate must complete 30 hours in the following course of study:
Required Core (13 hours)
BLAW 6520 - Current Legal Topics in Corporate Governance, Risk Management and Fraud
Prerequisite: Graduate standing. Delves into current legal topics in corporate law and governance, including the division of power and responsibilities between the board of directors, board committees, officers, auditors, and shareholders; securities laws and other fraud topics; the duty of care and other fiduciary duties of directors, officers and auditors; special problems of closely held organizations; how governance models compare across the globe; and the Sarbanes-Oxley Act. Includes research related cases in key industries of their prospective careers, such as the healthcare and audit services.
- ACTG 6650 - Advanced Accounting Theory 3 credit hours
ACTG 6650 - Advanced Accounting Theory
Prerequisite: Consent of department chair. History and development of accountancy, tax structures, and industrial development of past, present, and projected societies including relevant research into current controversial issues. Extensive research required. Required for M.Acc.
- ACTG 6820 - CPA Review: Auditing 1 credit hours
ACTG 6820 - CPA Review: Auditing
Prerequisites: Admission to M.Acc. program and ACTG 4620 with minimum grade of C. Review of the material covered on the Auditing and Attestation section of the CPA exam, including audit and other reports, engagement acceptance, planning and risk assessment, audit evidence, audit sampling and communications, audit documentation, and professional responsibilities.
- ACTG 6830 - CPA Review: Financial 1 credit hours
ACTG 6830 - CPA Review: Financial
Prerequisites: Admission to M.Acc. program and ACTG 3120 with minimum grade of C. Review of the material covered on the Financial Accounting and Reporting section of the CPA exam, including information related to the conceptual framework, standards, and presentation of financial statements; recognition, measurement, valuation, and presentation of specific types of transactions and financial statement accounts; governmental accounting and reporting; and not-for-profit accounting and reporting.
- ACTG 6840 - CPA Review: Regulation 1 credit hours
ACTG 6840 - CPA Review: Regulation
Prerequisites: Admission to the M.Acc. program, ACTG 4550 with minimum grade of C, and BLAW 3400. Review of the material covered on the Regulation section of the CPA exam, including information related to ethics, the professional and legal responsibilities of CPAs, business law, federal tax processes, taxation of property transactions, and the taxation of individuals and business entities.
- ACTG 6850 - CPA Review: Business Environment 1 credit hours
ACTG 6850 - CPA Review: Business Environment
Prerequisites: Admission to the M.Acc. program, ECON 2410 or ECON 2420, FIN 3010, and INFS 3100. Review of the material covered on the Business Environment and Concepts section of the CPA Exam, including information related to corporate governance, economic concepts and analysis, financial management, information systems and communications, strategic planning, and operations management.
Capstone Course (taken in the last semester)
ACTG 6670 - Advanced Financial Accounting and Reporting Problems
Prerequisite: Accounting major or consent of instructor. Application of theoretical concepts and promulgations of authoritative bodies to financial accounting and financial reporting situations encountered in practice.
Electives (17 hours)
- Nine hours in ACTG at the 6000 level
- Three hours in ACTG at the 5000/6000 level
- Three hour global elective at the 5000/6000 level (selected from ACTG 5840, ACTG 6550, ACTG 6570, ACTG 6580, or FIN 6860)
- Two hours in approved electives at the 6000 level
Tax Accounting Specialization
Students electing to specialize in tax accounting must complete four of the following among their electives:
- ACTG 6510 - Federal Income Tax Research and Planning 3 credit hours
ACTG 6510 - Federal Income Tax Research and Planning
Prerequisite: ACTG 4550 or consent of instructor. Skillful application of tax research methodology in the use of primary tax authority, secondary tax reference materials, and research aids. Research through practice in the use of materials available in the tax library.
- ACTG 6530 - Taxation of Pass-Through Entities 3 credit hours
ACTG 6530 - Taxation of Pass-Through Entities
Prerequisite: ACTG 4550 with a minimum grade of C or consent of instructor. Principles of partnership and S corporation taxation. Addresses the tax consequences of formation, operations, distributions, and liquidations of partnerships. Also covers tax rules unique to S corporations.
- ACTG 6540 - Taxation of Business Entities 3 credit hours
ACTG 6540 - Taxation of Business Entities
Prerequisite: ACTG 4550 with minimum grade of C or consent of instructor. The federal income taxation of business entities, including C corporations, S corporations, partnerships, limited liability companies, and estates and trusts. Also covers estate and gift taxation.
- ACTG 6550 - U.S. International Taxation 3 credit hours
ACTG 6550 - U.S. International Taxation
Prerequisite: ACTG 4550 with minimum grade of C or consent of instructor. Basic concepts of U.S. taxation of international transactions. Topics include sourcing of income from foreign activities, Subpart F income, selecting the proper vehicle for foreign investments, and computing foreign tax credits.
- ACTG 6560 - Special Topics in Taxation 3 credit hours
ACTG 6560 - Special Topics in Taxation
Prerequisite: ACTG 4550 with a minimum grade of C or consent of instructor. In-depth investigation of selected advanced topics in taxation.
The business prerequisites for a student seeking the M.Acc.degree are
- an undergraduate course in business law or BLAW 3400, Legal Environment of Business
- undergraduate course in economics or ECON 2410 or 2420, Principles of Economics
- undergraduate course in statistics or BIA 6000, Quantitative Methods Survey
- undergraduate course in information systems or INFS 3100, Principles of Management Information Systems
- undergraduate course in finance or FIN 3010, Business Finance.
A recent graduate of an AACSB-accredited program would normally possess an adequate background in these prerequisites. In addition, students entering the M.Acc. degree program must have completed an additional 21 hours of prerequisites in accounting including
- ACTG 2110 and ACTG 2125, Principles I and II
- ACTG 3110 and 3120, Intermediate Accounting I and II
- ACTG 3310, Cost Accounting
- ACTG 4550, Introduction to Federal Income Tax
- ACTG 4620, External Auditing I
With proper planning the Master of Accountancy will fulfill the educational requirements to sit for the CPA exam in Tennessee.
Under special circumstances, a student may request to be exempted from taking the CPA Review classes (ACTG 6820, ACTG 6830, ACTG 6840, and ACTG 6850). For example, students who have previously passed the CPA exam or international students who do not intend to take the CPA exam may want to request an exemption. The approval of such a request is at the discretion of the director of the M.Acc. program. If an exemption is received, a student must substitute four credits of other 6000-level Accounting classes.
No foreign language or thesis is required in the program.
Students are required to complete a degree plan and to submit it to the College of Graduate Studies prior to entry into the program.
A candidate must file a Notice of Intent to Graduate Form in the College of Graduate Studies during their first semester in the program.
Students who have credit for the undergraduate equivalent of a 5000-level course are not permitted to enroll in the 5000-level course for credit.
The MTSU Career Center hosts several job fairs throughout the year, which assist in providing opportunities for internships and employment. In the field of Accounting, students are able to interact with one another and potential employers. The “Document Drop” service is for students who wish to leave a cover letter or resume with the Career Center and receive a written critique. The Career Center also provides walk-in counseling, career-cluster or virtual counseling, and workshops.
Students may join as affiliate members of the American Institute of CPAs. The AICPA provides an array of benefits, including industry updates, scholarships, conference discounts and an AICPA Competency Assessment Tool.
Beta Alpha Psi, referred to by several current and former students above, is an honor organization for financial-information students and professionals. BAP encourages and recognizes scholastic and professional excellence in the business-information field. The organization provides opportunities for self-development, service, and association among members and professionals working in the field.
In addition to BAP, MTSU has student chapters of the Institute of Management Accountants, the Institute of Internal Auditors, and the National Association of Black Accountants. More information about these organizations is available on the Accounting Department website.
Frequently Asked Questions
Reputation of the MTSU MAcc program
Is the MTSU MAcc program well regarded by the business community?
Yes, the MTSU MAcc program enjoys an excellent reputation in the business community, and MTSU MAcc students are heavily recruited. Our Meet the Firms recruiting event is among the largest, if not the largest, hosted by accounting programs in Tennessee.
Who recruits MTSU MAcc students on campus?
Each fall MTSU hosts a Meet the Firms event, and many firms, businesses, and governmental entities come to recruit our students. Over the past two years, the following entities participated in the Meet the Firms event sponsored by the local chapter of Beta Alpha Psi:
- Ernst & Young
- Blankenship CPA Group
- Carr Riggs & Ingram
- Cherry Bekaert
- Correct Care Solutions
- Crisler CPA PLLC
- Crowe Horwath
- Dempsey Vantrease & Follis
- Elliott Davis
- Faulkner Mackie & Cochran
- Grannis & Associates
- HA Beasley & Company PLLC
- Hall Albright Garrison & Barnes
- HCA Internal Audit
- HCA Physician Services Group
- HCA Tax Department
- Kraft CPAs
- LKQ Corporation
- Maggart & Associates
- Miller CPA, PLLC
- National Healthcare Corporation
- Patterson, Hardee & Ballentine, CPAs
- Parallon Business Solutions
- Puryear, Hamilton, Hausman & Woods PLC
- RSM US LLP
- Rubin Brown LLP
- Ryan, LLC
- Smith Marion & Company
- Stone Rudolph & Henry, PLC
- Surgery Partners
- Tennessee Department of Commerce & Insurance
- Tennessee Department of Treasury, Division of Investigations
- Tennessee Comptroller of the Currency
- Tennessee Department of Revenue
- Tennessee Department of Treasury
- Totherow Haile & Welch
- Tractor Supply Co.
- Warner Music Group
- Winnett Associates, PLLC
Please keep in mind that this is a list of employers that attended Meet the Firms. Our graduates are also employed by many other firms that are not included in this list.
How does the MTSU MAcc program compare to other programs?
In a ranking of the 2017-18 Best Master of Accounting Programs, the MTSU MAcc program was rated 39th in the country. These rankings were determined using a four-factor method that included (1) CPA Exam Average Score, (2) CPA Exam Overall Pass Rate, (3) Relative Popularity for Business Students, and (4) Average Tuition. Only one other MAcc program in Tennessee was included in the Top 50.
Are the Jones College of Business and the MTSU Accounting program accredited?
The Jones College of Business, and the Department of Accounting, are accredited by AACSB International, the premier accrediting body for Colleges of Business. AACSB accreditation is the ‘gold standard’ of accreditation for Colleges of Business.
Admission to the MAcc program
Do I need to complete my undergraduate degree before applying for the MAcc program?
No, you can apply while you are completing your undergraduate degree, and we encourage you to do so. We suggest applying approximately six to eight months before you intend to begin classes. For example, students who plan to begin classes in August are encouraged to apply in January or February.
Do I need to complete the pre-reqs before applying for the MAcc program?
No. You can apply even though you have not completed the pre-reqs. However, you will be required to take the pre-reqs early in your MAcc program. Also, keep in mind, that once you are admitted to the MAcc program, you will be charged graduate tuition rates for all classes, including any pre-req classes.
Do I need an undergraduate degree in accounting to enter the MAcc program?
No. An undergraduate accounting degree is not required. However, there are a number of pre-requisite classes required for the program. If you don't have an undergraduate accounting degree, you will be required to take more pre-req classes.
In which semesters can I begin the MAcc program?
You can begin the MAcc program during any semester (fall, spring or summer).
What are the minimum requirements to be considered for admission?
Generally, to be considered for admission, the applicant must meet one of the requirements below:
- Student has an undergraduate accounting degree from an Association to Advance Collegiate Schools of Business (AACSB) accredited institution with an overall undergraduate GPA of 3.00. (If you meet this requirement, you are not required to take the GMAT exam.)
- Student has a composite score of at least 950, calculated as (Cumulative GPA x 200) + GMAT. A minimum GMAT of 400 is required.
- Student has a composite score using their upper division GPA of at least 1,000, calculated as (Upper division GPA x 200) + GMAT. A minimum GMAT of 400 is required.
International students must meet certain English proficiency requirements. Other rules can also apply to international admissions.
Admitted students typically have a cumulative GPA of at least 2.75.
For full details, please click the Requirements tab above.
Is the GMAT exam required for admission?
Sometimes. The GMAT requirement is waived if the applicant has an accounting degree from an AACSB-accredited college, and their cumulative GPA was at least 3.0. The GMAT is also waived for students who are working on their accounting degree at an AACSB college if it is clear that they will have at least a 3.0 GPA when they graduate. (Feel free to contact Dr. Wermert to determine if this applies to you.) If a student does not meet these requirements for GMAT waiver, the applicant must submit GMAT scores.
The GMAT requirement may be waived if an applicant has an accounting degree from an AACSB-accredited school, and their cumulative GPA was at least 3.0. How do I know if my school is AACSB-accredited?
MTSU is accredited by the AACSB. For other schools, you can check the AACSB website, which allows you to search by country. To check for other schools, please visit the AACSB website and filter by 'Business' option.
Is it possible to substitute the GRE for the GMAT?
While we prefer that students take the GMAT exam, it may be possible to substitute GRE scores in some circumstances. If you have not yet taken an exam, you should take the GMAT exam. If you have already taken the GRE, it may be possible to use your GRE scores for admission purposes. Please contact Dr. Wermert if this applies to you.
When should I apply to the MAcc program?
We recommend applying 6-8 months before your intended start date. Applications are typically accepted as long as openings are still available. However, by applying early you can be certain to secure yourself a place in the program, and you are able to register for classes in a timely manner.
How do I apply to the MAcc program, and what other information is required when applying for admission?
Information about the graduate admissions process can be found on the Graduate Studies website.
Special rules apply to International Admissions. International students can find information on the International Studies website.
Do you offer conditional admission?
No. You must meet the program requirements at the time of admission to be admitted.
When are admissions decisions made?
Once all of the required application materials (e.g. application, transcripts, and GMAT scores, if required) are received by the Graduate College, the application is forwarded to the Director of the MAcc program to make an admissions decision. Typically, decisions are made quickly once the applications are received by the Director (e.g. a week or two).
Will I be classified as an in-state or out-of-state resident?
The Director of the MAcc program is not involved in this process. Furthermore, we have been notified that the regulations regarding this issue are rather complex. Out-of-state students should contact the College of Graduate Studies about this issue at 615-898-2840 PRIOR to first enrollment to discuss options.
What is the Regional Scholars Program?
The Regional Scholars Program allows out-of-state students who live within 250 miles to attend at a reduced rate equal to approximately 44% off the standard out-of-state rate. For more information please see: Regional Scholars Program
Are letters of recommendation required for admission into the MAcc program?
No letters of recommendation are required, unless you are applying for an assistantship. If you apply for an assistantship, three letters of recommendation are required.
How much does it cost to apply to the MAcc program?
For 2018-19, the application fee is $35. This is a one-time fee, and there should be no additional fee if you are re-enrolling.
Pre-requisite and Degree Requirements
Does an undergraduate degree in accounting from MTSU satisfy all pre-req requirements?
Yes, if you took ACTG 4620 (External Auditing) as part of your undergraduate program. If you did not take ACTG 4620, you would be required to take it as a prereq to the MAcc program.
What are the specific courses that are pre-reqs for the MAcc program?
There are 36 credit hours of pre-reqs. Students with an undergraduate degree in accounting from a regionally accredited college usually have taken most, if not all, of the pre-reqs. The list of pre-reqs is shown in the table below. Students admitted to the MTSU MAcc program receive a welcome letter that identifies any pre-req deficiencies.
|Area and Number||Prerequisite Courses to be Completed Prior to Enrolling in Core Courses||Sem. Hrs.|
|ACTG 2110 & 2125||Principles of Accounting I and II||6|
|ACTG 3110 & 3120||Intermediate Accounting I and II||6|
|ACTG 3310||Cost Accounting||3|
|ACTG 4550||Introduction to Federal Income Tax||3|
|ACTG 4620||External Auditing I||3|
|Undergraduate course in business law or BLAW 3400||Legal Environment of Management||3|
|Undergraduate course in economics or ECON 2410 or 2420||Survey of Economic Theory||3|
|Undergraduate course in statistics or BIA 2610 or QM 6000||Quantitative Methods Survey||3|
|Undergraduate course in information systems or INFS 3100 or 6010||Survey of Information Systems Issues||3|
|Undergraduate course in finance or FIN 3010||Survey of Managerial Finance||3|
What are the MAcc Degree requirements?
Assuming all pre-reqs have been met, students must complete 30 credit hours to complete the MAcc program. Thirteen credit hours of these classes are required and the other 17 credits are various types of electives. The MAcc program is very flexible and can be tailored to your career interests. A general summary of the current degree requirements is included in the table below:
|Area and Number||*Core Courses to be Completed after Prerequisite Foundation Courses||Sem. Hrs.|
|ACTG 6650||Advanced Accounting Theory||3|
|ACTG 6670**||Advanced Financial Accounting and Reporting Problems||3|
|ACTG 6820||CPA Review: Auditing||1|
|ACTG 6830||CPA Review: Financial||1|
|ACTG 6840||CPA Review: Regulation||1|
|ACTG 6850||CPA Review: Business Environment||1|
|ACTG||6000-level Approved Elective||3|
|ACTG||6000-level Approved Elective||3|
|ACTG||6000-level Approved Elective||3|
|ACTG||6000-level Approved Elective||3|
|BLAW 6520||Current Legal Topics in Corp. Governance, Risk Mgmt & Fraud
5000/6000-level Global Elective
6000-level Approved Elective
Are there any specializations available in the MTSU MAcc program?
Students can elect a tax specialization by completing four of the five following tax classes:
- ACTG 6510 - Federal Income Tax Research and Planning
- ACTG 6530 - Taxation of Pass-Through Entities
- ACTG 6540 - Taxation of Business Entities
- ACTG 6550 - U.S. International Taxation
- ACTG 6560 - Special Topics in Taxation
Can I get transfer credit?
In some circumstances, students who have previous graduate credit from an AACSB-accredited college may be able to apply up to six credit hours of such work toward MAcc program requirements. Permission is required from the MAcc program director and the Dean of the College of Graduate Studies to use transfer credit. Generally, transfer credit is not awarded if the coursework was used to meet degree requirements for another degree. Please contact the MAcc program director if you have transfer credit questions.
How long does it take to complete the MAcc program?Students must complete 30 credit hours to complete the MAcc program. With proper planning, students can complete the program in one year if they attend full-time (assuming all pre-reqs were satisfied when starting the program). Some students attend part-time, taking one or two classes per semester. Part-time students often take 2-3 years to complete the program.
Graduate Assistantship (GA) positions
Are Graduate Assistantship (GA) positions available?
Assistantship positions are often available, however, the number may vary from semester to semester.
What are the benefits of a Graduate Assistantship?
Graduate Assistantships provide a monthly stipend (currently about $800/month) and a waiver for tuition and most fees. Out-of-state residents also receive a waiver for out-of-state fees.
How do I apply for an assistantship?
To apply for an assistantship position, please complete the application that is included on the College of Graduate Studies' website.
This application should be sent to the Department of Accounting along with three letters of recommendation. Students who do not receive an assistantship in their first semester may reapply in subsequent semesters.
What duties must a Graduate Assistant (GA) perform?
GAs usually work 20 hours per week. Duties may include tutoring students in the accounting lab, proctoring exams, grading homework, assisting professors with teaching or research, as well as other various duties.
Registration for Classes
How do I register for classes?
To register for classes, please contact your advisor. Your advisor must approve any classes you plan to take. In addition, all accounting classes have holds placed on them. Your advisor must have the holds removed before you can register. Any holds on non-accounting classes must be removed by the departments offering the classes.
Which classes satisfy the Global requirement?
MAcc students must take one Global class. Students can pick from:
- ACTG 5840 (Study Abroad)
- ACTG 6550 (US International Taxation)
- ACTG 6570 (International Financial Reporting and Controls)
- FIN 6860 (International Financial Management)
Who do I call to get registration holds released?
For accounting classes, please contact your advisor.
Holds on non-accounting classes must be released by the department where the class is offered. Listed below are the departments and phone numbers to contact for non-accounting classes:
- Economics: 615-898-2520
- Finance: 615-898-5749
- Information Systems: 615-898-2362
- Management: 615-898-2736
- Marketing: 615-898-2736
Who should I contact if I am getting error messages when trying to register for classes in Pipeline?
Please see the Department of Accounting Administrative Assistants. You can stop by the Department of Accounting in BAS N425 for personal assistance or you can call them at 615-898-5306 or 615-898-2558.
Does the MAcc program include a CPA Review program?
Yes. The program includes a series of four classes (one for each part of the exam; one credit hour each) to prepare students for the CPA exam. The program uses Becker CPA Review as the provider for the content of this program.
Is there an additional cost for the CPA Review program?
Yes. The cost of the Becker program is approximately $1,700, which is one-half Becker’s normal fee. Becker can often direct-bill companies if a student has accepted a job offer from a CPA firm or company that pays for their CPA review class. Please talk to your future employer about this possibility. In addition, Becker will allow students to finance the cost of their program over 18 months, if necessary. This works out to about $100/month. Finally, you should be aware that there are fees that must be paid to take the exam. These fees are also the responsibility of the student.
Will I be qualified to sit for the CPA exam after getting the MAcc degree?
Requirements to sit for the CPA exam can vary slightly by state. If you have an undergraduate degree in any field of business, you will meet the educational requirements to sit for the CPA exam in Tennessee by completing the MAcc program. If your undergraduate degree was not in a business discipline (e.g. psychology), you can meet the educational requirements to sit for the CPA exam by completing the MAcc program with proper planning. If you plan to sit for the CPA exam in a different state, you should check with the applicable State Board of Accountancy to determine the requirements of that state.
Where can I get more information about sitting for the CPA exam?
More information about the CPA exam can be found on the NASBA website. Please see their ‘Candidate Bulletin’ for more information. It is very detailed and has answers to most questions about the CPA exam.
If I have questions about whether I will meet the requirements to sit for the CPA Exam in Tennessee, who can I call?
You should call the Tennessee State Board of Accountancy at 888-453-6150.
What is the pass rate for MTSU MAcc students on the CPA exam?
MTSU students have performed quite well on the CPA exam. Typically, the first time pass rate for MTSU MAcc students are among the highest for universities in the Middle Tennessee area. Over the period 2012-15, the first-time pass rate was 61.3% for MAcc students (i.e. students passed 61.3% of the parts they attempted).
Other Frequently Asked Questions
Should I get an MBA or MAcc degree?
While both degrees can be very good degrees to obtain, we recommend a MAcc degree if you are planning a professional accounting career. When employers are seeking to fill accounting positions, they will be much more likely to choose someone with an accounting background (i.e. MAcc degree). Furthermore, a MAcc degree will do a better job of preparing you for the CPA Exam.
How much does the MAcc program cost?
MTSU's MAcc is one of the most affordable Master of Accountancy programs, if not the most affordable, in the state of Tennessee. If you compare the cost of MTSU to other schools, I believe you will discover that MTSU's program is a tremendous value. A chart showing the cost of tuition and fees can be found at: http://www.mtsu.edu/tuition/ For rates that apply to the MAcc program, please select the “Graduate Fee Chart.”
Is the program full- or part-time?
Students can attend either full- or part-time. Students who attend full-time can typically complete the program in one year. Some working adults choose to only take one or two classes per semester. In such circumstances it will take 2-3 years to complete the program.
Can I complete the MTSU MAcc program on-line?
No, the MAcc program is a campus-based program.
When do MAcc classes usually meet?
Both day and evening classes are offered. Non-traditional students who need to take classes in the evening can complete the MTSU MAcc program entirely as an evening program. In addition, the Department of Accounting offers some classes during the day, if there is sufficient demand. This allows traditional students to take some, but not necessarily all, of their classes during the day. Day classes may meet twice per week for one hour and 25 minutes per day, or they may meet for a three-hour block on one day. Evening classes usually meet from 6-9pm, one night per week.
Are internships available, and are they required?
MAcc students are not required to complete an internship, however, they are strongly encouraged to do so. Many CPA firms recruit almost exclusively through the internship process (i.e. they hire interns and subsequently hire their full-time employees from their pool of interns). Many employers come to 'Meet the Firms' in September to recruit interns.
Can I get financial aid for the MAcc program?
Many students in the MAcc program receive financial aid. However, the Director of the Program is not involved in the financial aid process. For more information about financial aid, please see the MTSU Financial Aid Office at: MTSU Financial Aid
Are there scholarships available for MAcc students?
The Department of Accounting does offer some scholarships to MAcc students. These are typically awarded early in the spring semester each year. Please see the Department of Accounting website for more information. In addition, students are encouraged to apply for scholarships awarded by the Tennessee Society of CPAs (TSCPA). MTSU students have been very successful in obtaining these scholarships. The deadline for the scholarships is usually in May or June, although students should see the TSCPA website for more information.
What accounting student groups are available at MTSU?
The Department of Accounting sponsors several groups for accounting students. These groups, along with the faculty advisor, are listed below. Please contact the faculty advisor for information on how to join the organization.
Accounting Connections (Advisor: Professor Elizabeth Abernathy – Elizabeth.Abernathy@mtsu.edu).
Audit and Managerial Accounting Club (Advisors: Dr. Audrey Scarlata – Audrey.Scarlata@mtsu.edu and Dr. Sarah Garven – Sarah.Garven@mtsu.edu).
Beta Alpha Psi (Advisor: Dr. Kim Honaker – Kim.Honaker@mtsu.edu)
National Association of Black Accountants (Advisor: Dr. Jeannie Harrington – Jeannie.Harrington@mtsu.edu).
More information about these groups is available at: Accounting Student Groups
Where can I get more information about taking the GMAT exam?
For more information, please see the website of the Graduate Management Admission Council at: http://www.mba.com/us
Will I have a faculty member as an advisor? How do I determine who my advisor is?
Your advisor will be one of the faculty members who teaches in the MAcc program. We try to match students with faculty members based upon the student’s area of interest. For examples, someone completing the tax specialization should have a tax professor as their advisor. Once you are admitted, you can determine who your advisor is by checking your Pipeline account or by contacting Dr. Wermert.
What is a degree plan and when must it be completed?
Each MAcc student must complete a degree plan that shows all courses they intend to take to complete their MAcc degree. Degree plans should be completed during the first semester of enrollment in the MAcc program. All degree plans must be approved by the Director of the MAcc program as well as the Dean of the College of Graduate Studies. Your advisor will be happy to work with you to create your degree plan.
How do I file my “Intent to Graduate” form?
Your Intent to Graduate Form is filed on-line. You can access the link at (see last item in first section): Intent to Graduate Form for Master Candidates
When do I need to file my Intent to Graduate Form?
Intent to Graduate forms must be filed no later than the second week of the semester in which you plan to graduate. Be sure you have filed your Degree Plan (and any necessary Degree Plan revision forms) before filing your Intent to Graduate Form.
If I have additional questions about the MAcc program who should I contact?
Please contact the MAcc program director, Dr. John Wermert. You can send questions to him via e-mail at firstname.lastname@example.org. You can also call him at 615-898-2357.
Contact and Student Information
Department of Accounting
Middle Tennessee State University
1301 East Main Street
Murfreesboro, TN 37132
College of Graduate Studies
Middle Tennessee State University
MTSU Box 42
1301 East Main Street
Murfreesboro, TN 37132
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