Saint Leo University offers a Master of Accounting (MAcc) degree program to meet the needs of graduate students and working professionals. The program encourages students to expand their professional competencies, particularly in the field of accounting, within and beyond the classroom. In the Saint Leo University MAcc program, students will gain an in-depth understanding of accounting that is not possible in an undergraduate accounting program. The program is designed to meet the increasing needs of public accounting, corporations, government agencies, and not-for-profit organizations. The program is also designed to satisfy the additional requirements needed to sit for the CPA examinations.
Expected Program Outcomes
As a result of successfully completing the Master of Accounting (MAcc) program of study, the graduate will be expected to:
• Apply knowledge of relevant professional standards to resolve financial reporting issues of both U.S. and multinational business entities, governmental agencies, and not-for-profit organizations.
• Apply knowledge of tax laws for planning and compliance purposes.
• Recognize and evaluate areas of potential legal concern in the business environment.
• Gather, evaluate, analyze, interpret, and apply relevant professional standards to complex accounting-related issues, and arrive at well-thought-out conclusions.
• Apply substantive quantitative and analytical techniques to 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.
• Integrate knowledge of the functional areas of accounting into a comprehensive capstone project using financial statement analysis.
Onground and Online Master of Accounting
The curriculum outlined below is designed not only to prepare students for the CPA and CMA exams but also prepare them to enter careers in public accounting, corporations, governmental agencies, and not-for-profit organizations.
The need for accountants with CPA licenses is well-known. Corporations and individuals alike are always looking for the shortest route to satisfy the requirements to sit for the CPA exam. The Master in Accounting program will help graduates to:
1. Meet the requirement to sit for the CPA examination in those states where 150 semester hours is still required;
2. Satisfy the need for those who have already passed the CPA examination and require 150 semester hours to become licensed;
3. Gain employment, as many employers in the accounting profession prefer graduates who are CPA eligible; and
4. Gain knowledge and skills in the accounting areas that are generally not covered at the undergraduate level.
Note: The University will only award one of the following achievements: Master of Accounting or MBA with the Accounting concentration. Students cannot earn the Master of Accounting and the MBA with the accounting concentration. Students must choose which degree in accounting they wish to pursue and cannot return to earn either of the other two.
To be a Certified Professional Accountant (CPA), licensure is required. Most states follow the 120-semester credit hour rule for sitting for the CPA and the additional 30-semester credit rule to be licensed. The State of Florida licensing Board approves Saint Leo's coursework, but in each state where a student wishes to take the CPA exam and become a licensed CPA, students must apply to the respective state.
According to accountingedu.org (https://www.accountingedu.org/south-carolina-cpa.html), the South Carolina Board of Accountancy will accept credits earned from institutions accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). SACSCOC accredits Saint Leo University. Thus, the Board may accept coursework from Saint Leo's Master of Accounting program. However, it is always up to the candidate to ensure that specific course requirements have been met (including their work at the undergraduate level), and it is always up to the governing Board to accept or not accept specific courses.
Students may be able to waive the prerequisite courses if they were taken as part of their undergraduate degree programs or as post-baccalaureate students. Students with non-business undergraduate degrees may be required to take additional undergraduate courses not identified below to satisfy the requirements for the MAcc and also satisfy the requirements of the CPA examination.
Courses Course Title
ACC 201 Principles of Accounting I
ACC 202 Principles of Accounting II
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
GBA 231 Business Law I