The accounting profession
MASTER OF ACCOUNTANCY
MAcc
Calculate
your future.
is in a period of redefinition.
Today’s accountant is expected to know more
and do more than ever before.
It’s not enough to know accounting
rules and regulations.
One Bear Place #98013 • Waco, TX 76798-8013
To be successful in providing value to employers and
clients, today’s accountant must demonstrate
a combination of:
o Technical Competence
o Oral and Written Communication Skills
o Analytical Problem-Solving Skills
o Technology Skills
o People Skills
The American Institute of CPAs
and nationally conducted forums
of accounting practitioners
identified these as the skills
shaping the accounting
profession over the next
few years. The MAcc
degree is designed to
enhance all of these
skills and competencies.
PrograM requirements
Baylor University’s Master of Accountancy (MAcc) program has an
established tradition of excellence. The accounting graduate program was
ranked 24th in the nation in 2006 by the Public Accounting Report. Our
students achieved a higher pass rate on the 2005 CPA exam than any other
graduate program in Texas and were second nationwide.
Established in 1997, the MAcc degree provides you with an educational
experience to meet the Texas State Board of Public Accountancy’s 150-hour
requirement to sit for the CPA exam. Our program affords the opportunity
to build on your undergraduate accounting education in preparation for
an exciting career in accounting, whether in public accounting, private
industry, or government.
The MAcc degree is a 33-hour program, requiring 18 hours of graduate
accounting coursework and 15 hours of supporting graduate business
(non-accounting) coursework. The program is flexible, allowing you to
choose all of your accounting courses and all but one of your non-accounting
electives. Thus, you can tailor your degree plan to your individual career
path. You can use the graduate electives to concentrate your study in a
second area of expertise or to broaden your graduate business education.
The flexibility of the MAcc degree provides for the creation of
several career-specific degree tracks. Among the degree tracks available
are accounting information systems, auditing and assurance services,
and managerial accounting and controllership. While some tracks are
accomplished primarily through selected accounting coursework, other
tracks require selection of complementary graduate business courses.
If you prefer not to specialize, a general graduate accounting program
also can be designed.
Why do I need a graduate accounting degree?
Leading Faculty
As a result of the changing accounting environment, the body of professional
knowlege has expanded. This knowledge cannot be taught effectively
in just four years. Graduate education leads to higher starting salaries,
with master’s degree holders receiving a 10 to 20 percent premium over
individuals with bachelor’s degrees. Accountants with master’s degrees
are typically promoted at a faster rate than those with just a bachelor’s
degree. Professional accounting organizations are promoting the 150-hour
requirement as the standard for entry into the accounting profession.
And finally, master’s degree holders have a higher first-time pass
rate on the Uniform CPA Examination.
Interning at KPMG gave me the opportunity to
put much of the classroom theory I had learned
into practice. This hands-on learning experience
greatly contributed to my education. Had the
MAcc program not allowed time and class credit
for the internship, I might have missed this
unique opportunity.
— Michelle Veve, MAcc 2003
Dedicated to academic excellence, faculty in the MAcc program hold
doctoral degrees from leading universities and have professional work
experience that brings practical relevance to the classroom. They are engaged
in various professional activities, scholarly exploration and research which
provide the foundation for a rich educational experience. In and out of the
classroom, professors are committed to building a strong faculty-student
relationship and will do whatever possible to help you achieve your academic
and professional goals.
Career Opportunties
Graduates of Baylor’s MAcc program are in high demand by a variety of
employers. Major corporations, Big-4 public accounting firms, national,
regional and local CPA firms and governmental agencies recruit Baylor
MAcc students. As a MAcc student, you will have the opportunity to
complete a professional internship as part of your educational experience.
Many of these internships lead to permanent job offers upon completion
of the MAcc degree.
Baylor University’s Career Services Center assists MAcc students in
preparing resumes, learning interview techniques, and arranging job
interviews. Additionally, the Department of Accounting and Business Law
hosts an annual career day during which MAcc students have the chance
to meet with employer representatives to discuss career opportunities.
Our Mission
The mission of the Department of Accounting and Business Law is to
educate students and advance our disciplines for the benefit of society.
We are committed to providing a comprehensive education, guided
by Christian values, that equips students for leadership and service.
MACC DEGREE PLAN
Accounting Courses
Six 5000-Level Accounting Courses from the following:
oBusiness Combinations,Multinational Accounting & Partnerships
oFinancial Statement Analysis
oForensic Accounting and Auditing
oGovernmental & Non-Profit Accounting
oInformation System Auditing
oInternship in Accounting Seminar
oManagerial Accounting Seminar
oSeminar in Auditing & Assurance Services
Required Elective
Corporate Finance
Electives
Four 5000-Level
Non-Accounting
Business Electives
Several forms of financial assistance are available to MAcc students to
reduce the financial commitment of graduate education. MAcc students
may be awarded a stipend in exchange for up to 10 hours of work per week
for a professor or department on campus and/or merit-based graduate
assistantships ranging from 50 to 100 percent tuition remission. The
Department of Accounting and Business Law also provides asubstantial
amount of merit-based scholarships each semester to MAcc students. Various
professional accounting organizations administer scholarship programs
specifically for financing graduate accounting education. Other forms of
financial aid are available through the University Financial Aid Office.
Admission criteria
Admission to the MAcc degree program is conducted by Baylor Business with
the support of the Accounting Graduate Programs Admission Committee.
Criteria for admission include the completion of prerequisite undergraduate
accounting courses, acceptable undergraduate GPA, acceptable score on the
GMAT, and acceptable recommendations from professors and/or employers.
The required list of prerequisite accounting courses includes introductory
financial accounting (3 hours), introductory managerial accounting (3 hours),
intermediate financial accounting (6 hours), income taxation (3 hours), cost
accounting (3 hours), accounting systems (3 hours), and auditing (3 hours).
Students may be admitted to the program in the fall, spring or summer term.
Baylor has a diverse body of graduate students, and candidates are admitted
without regard to their race, ethnicity, gender, religion, or national origin.
The Business School evaluates applications as they are submitted.
Decisions regarding admission are usually made within two weeks of
receiving a complete application. To receive full consideration for financial
assistance, applications should be completed by the following dates:
FALL ADMISSION:
Spring Admission: Summer Admission: March 15
September 1
February 1
MORE INFORMATION:
Dr. Jane Baldwin
Director of Gr aduate Accounting Progr ams
Baylor University
One Bear Place 98002 • Waco, TX 76798-8002
Voice: (254) 710-6180 Fax: (254) 710-1067
E-mail: [email protected]
Website: www.baylor.edu/business/accounting
2007/2008
Baylor
MAcc degree
The
An investment in your future