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Accountancy

Head and Director of Graduate Studies: Ira Solomon
360 Wohlers Hall
1206 South Sixth Street
Champaign, IL 61820
(217) 333-0857
E-mail: accy@uiuc.edu

Graduate Degree Programs

The Department of Accountancy offers graduate programs leading to the degrees of Master of Accounting Science (M.A.S.), Master of Science in Accountancy with a specialization in taxation, Master of Science in Accountancy (M.S.), and Doctor of Philosophy in Accountancy. The master’s degree requirements can be completed in one year. The Ph.D. degree takes approximately four to five years of full-time study and research.

Admission

All applicants for the M.A.S. and M.S. in Accountancy with a specialization in taxation programs, domestic or international, are required to take the Graduate Management Admission Test (GMAT). This test should be taken early enough to ensure that the results will be available to the department before action on admission. The admission requirements of the Graduate College also apply, including prior academic performance and references. In addition, all international applicants must take the Test of English as a Foreign Language (TOEFL) and the Test of Spoken English (TSE). While the GMAT and TSE are not required for admission to the M.S. in Accountancy program, the department strongly recommends students take these tests. Applications for admission to the doctoral program, supported by three letters of recommendation, must be approved by the department admissions committee, which may require an oral or a written examination.

Graduate Teaching Experience

Although teaching is not a general Graduate College requirement, experience in teaching is considered an important part of the accountancy graduate program.

Master's Programs

The M.A.S. and M.S. in Accountancy with a specialization in taxation programs are one-year programs for students with an undergraduate background in accounting. Students applying for admission should have acquired a background in business and accounting equivalent to a Bachelor of Science in Accountancy. The background courses in business that must be completed before admission to the program include mathematics (calculus and linear algebra), computer science, macroeconomics and intermediate microeconomics, statistics (two courses), and functional areas of business, such as marketing, corporate finance, and organizational behavior.

The M.S. in Accountancy program is designed to meet the professional accounting career development needs of individuals engaged in international business. The M.S. provides international students with their first experience with an U.S.-based accounting education. The program accepts those with little prior study or experience in accounting whom wish to prepare for a degree in accounting.

Candidates in the three master’s programs are required to complete at least 32 graduate hours of coursework. At least 20 graduate hours must be 500-level courses. Sixteen graduate hours must be in accounting.

Master of Accounting Science (M.A.S.)

Graduation requires 32 graduate hours of study: 16 hours in accountancy (including two required courses – ACCY 511 and ACCY 512), 8 hours of electives in either accountancy or non-accountancy, and 8 hours of electives in non-accountancy. The electives, both accountancy and non-accountancy, shall form a coherent program of study, approved by a program advisor. At least 20 of the 32 total graduate hours must be in 500-level courses and at least 24 of the 32 total graduate hours must be earned while enrolled in the Graduate College at the Urbana Campus.

Master of Science in Accountancy with Specialization in Taxation

Graduation requires 32 graduate hours of study: 20 hours in accountancy courses (including three required taxation courses – ACCY 551, ACCY 552 and ACCY 556), 8 hours of electives in either accountancy or non-accountancy, and 4 hours of electives in non-accountancy. The electives, both accountancy and non-accountancy, shall form a coherent program of study, approved by a program advisor. At least 20 of the 32 total graduate hours must be in 500-level courses and at least 24 of the 32 total graduate hours must be earned while enrolled in the Graduate College at the Urbana Campus.

Master of Science in Accountancy (M.S.)

Graduation requires 32 graduate hours of study: 20 hours in required accountancy courses (ACCY 501, ACCY 502, ACCY 503, ACCY 504, and ACCY 505), 8 hours of electives in either accountancy or non-accountancy, and 4 hours of electives in non-accountancy. The electives, both accountancy and non-accountancy, shall form a coherent program of study, approved by a program advisor. At least 20 of the 32 total graduate hours must be in 500-level courses and at least 24 of the 32 total graduate hours must be earned while enrolled in the Graduate College at the Urbana Campus.

Doctor of Philosophy

For students with a bachelor’s degree and adequate background in appropriate areas, the requirements for the doctor of philosophy degree include the following: credit in micro- and macroeconomics; two courses in behavioral science or financial economics; two courses in statistics; five minor area and research technique courses (four of which must be nonaccounting courses); four accounting courses; and the thesis. The student’s doctoral program is determined in consultation with a faculty advisory committee. The student’s tentative plans for the doctoral thesis serve as a guide in planning the program.

In addition, candidates must pass written and oral preliminary examinations and an oral final examination on the doctoral thesis. In the preliminary examinations, candidates must demonstrate a thorough knowledge of research methods and accounting theory in both its external and internal dimensions; a general acquaintance with the subject matter and bibliography of other areas of accountancy; and proficiency in the required areas of economic theory, quantitative methods, and behavioral science or financial economics.