Accountancy (MACC)

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Accountancy-macc

The Master of Accountancy (MACC) program is designed to enable students to compete for professional accounting positions in business and government as well as in public accounting firms. The degree satisfies the 150‐hour requirements of the Texas State Board of Public Accountancy to sit for the Certified Public Accountant examination, and permits specialization in accounting beyond that provided by the undergraduate accounting degree (Bachelor of Business Administration).

The MACC program provides a learning environment that develops a diverse set of skills in students (including technical, analytical, critical thinking, communication, and technological skills) to prepare them for professional careers in a dynamic world. The foregoing statement reflects the desired learning outcomes from both the undergraduate and graduate programs. The MACC program substantially enhances those learning outcomes.

The MACC program assumes that the student either has an undergraduate degree in accounting or has taken the leveling courses necessary to succeed in the program. It meets the needs of past graduates in accounting as well as those who may wish to retrain themselves to be accountants.

Visit the School of Accountancy website for more information!

  • Why UTRGV?

    • Ranked #79 among 300+ national universities by Washington Monthly in 2018
    • Ranked 4th best college in Texas 2018 by BestColleges.com
    • Accredited, cutting edge degree program
    • Experienced, dedicated faculty
    • Affordable tuition (ranked #1 in net price among natinal universities by Washington Monthly in 2018 and #3 most affordable university in America 2018 by BestValueSchools.com)
    • Demonstrated student success in research, professional certification and career advancement
  • Admission Requirements

    Step #1: Submit a UTRGV Graduate Application at www.utrgv.edu/gradapply. The university application fee of $50 ($100 for International Applicants) can be paid online by credit card or electronic check (in the online application). All application fees are nonrefundable.

    Step #2: Request your official transcripts to be sent electronically to gradapps@utrgv.edu or mailed to:

    The University of Texas Rio Grande Valley
    The Graduate College
    Marialice Shary Shivers Bldg. 1.158
    1201 W. University Drive
    Edinburg, TX 78539-2999
     
    *Please Note: If you are a graduate of UTPA, UTB/TSC, or UTRGV you do not need to request an official transcript to be sent to the Graduate College.
     

    Review and submit all Program Requirements:

    • GMAT scores: GMAT test scores are valid for 5 years.
    • Two letters of recommendation
    • A letter of intent
    • A curriculum vitae
    • Undergraduate GPA of at least 3.0.

    Application and program requirements must be submitted by deadline.

    A waiver of the GMAT requirement may be granted to applicants who show proof of one of the following:

    • Have an active Certified Public Accountant (CPA) license
    • Hold a graduate degree from an Association to Advance Collegiate Schools of Business (AACSB) accredited university
    • Graduated with an undergraduate GPA of 3.25 or higher on a 4 point scale overall and in all their accounting course work

    Early Admission
    Students with a declared BBA major in accounting who have completed at least 90 semester hours of coursework (including at least four upper‐level accounting courses) and have a minimum GPA of 3.50 both overall and in their upper‐level accounting classes may apply for early admission to the Graduate College. These students will be admitted to the MACC program conditional on: (1) maintaining the 3.5 GPAs upon completing the 120‐hour undergraduate accounting degree requirements; and (2) conferral of their undergraduate degree. Students conditionally admitted to the MACC program may take up to six hours of MACC classes in their senior year to facilitate a five‐year completion time for both BBA and MACC degrees. In addition, the GMAT requirement is waived for these students. However, students must meet all other requirements of the Graduate College to receive a MACC degree.

    Additional requirements for domestic applicants who attended foreign universities:

    • TOEFL or IELTS Language Proficiency Test with minimum scores: 550 on paper-based, 213 on computer based, or 79 on Internet-based for the TOEFL; 6.5 for the IELTS. TOEFL and IELTS scores are valid for 2 years. For additional information, visit the Additional Documents for Domestic Applicants who Attend Foreign Universities section of our website.
    • Certified English translation of educational records.

    Additional requirements for international applicants:

    • TOEFL or IELTS Language Proficiency Test with minimum scores: 550 on paper-based, 213 on computer based, or 79 on Internet-based for the TOEFL; 6.5 for the IELTS. For additional information, visit the English Proficiency Exam section of our website.
    • Certified English translation of educational records.
    • Financial   Documentation  showing sufficient funds to cover all expenses (living and academic) for the first year of study. For additional information, visit the Financial Documentation section of our website.
    • Immigration  documents, including a current copy of your valid passport. For additional information, visit the Immigration Documents section of our website.

    UPDATE ON INTERNATIONAL ADMISSIONS FROM U.S. IMMIGRATION AND CUSTOMS ENFORCEMENT:

    • SEVP regulations prohibit the issuance of a Form I-20 based on conditional admission, effective July 13, 2016. University officials can only issue a Form I-20 when students have met all standards for admission for the program of study listed on the Form I-20. These standards for admission include any English proficiency requirements.

  • Program Contact

    Program Coordinator: Dr. Penny Simpson.

    Phone: (956) 665-3384

    EBUSA 220E

    E-Mail: penny.simpson@utrgv.edu 


    Associate Coordinator: Ms. Linda Acevedo.

    Phone: (956) 665-2089

    BUSA 120H

    E-Mail: linda.acevedo@utrgv.edu 


    Associate Coordinator: Ms. Deborah Gonzalez.

    Phone: (956) 665-3369

    BUSA 120H

    E-Mail: deborah.gonzalez@utrgv.edu 

  • Deadlines

    Deadlines:

    Applications will be accepted year round and prospective students are encouraged to apply at least 2 months before classes start to ensure a timely application review.  Applying early will also give prospective students the best opportunity to be considered for scholarships and other possible funding opportunities.

    *Note: This program only admits applicants during Fall, Spring and Summer I semesters.

  • Course Requirements

    Required Courses 12
    ACCT 6321: Advanced Accounting a 3
    ACCT 6333: Business Law for Accountants  3
    ACCT 6350: Information Technology for Accounting and Control 3
    ACCT 6380: Professional Ethics b 3
    Choose one of the following concentrations

     

    Auditing Concentration 12
    ACCT 6310: Auditing 3
    ACCT 6363: Fraud Examination 3
    ACCT 6370: Internal Auditing 3
    ACCT 6375: Financial Statement Analysis 3

     

    Taxation Concentration 12
    ACCT 6329: Corporate and Partnership Taxation c 3
    ACCT 6330: International Taxation 3
    ACCT 6360: Tax Research and Communication 3
    ACCT 6362: Wealth, Transfers, Trusts and Estates 3

     

    Capstone 3
    ACCT 6341: Accounting Research and Communication 3

     

    Graduate Business Electives

     

    3

    Total graduate hours for degree: 30

    a. Students who have taken ACCT 4331 Advanced Accounting (or an equivalent undergraduate course) must take a graduate-level accounting elective instead.

    b. Students who have taken ACCT 4350 (or an equivalent undergraduate ethics class) must take a graduate‐level accounting elective instead.

    c. Students who have taken ACCT 4329 (or an equivalent undergraduate corporate tax class) must take a graduate‐level accounting elective instead.

    Notes:
    1. Business Electives may include any graduate‐level non‐accounting courses, excluding the foundation courses in the MBA program, subject to approval of the MACC Director.
    2. ACCT 6320 and ACCT 6375 (previously MACC 6375) cannot both be counted towards the MACC degree.
    3. The MACC program offers some classes in the traditional classroom setting and some Online. A student must have the permission of the Director of the School of Accountancy to enroll in more than nine hours of graduate work during a single semester regardless of the mode of delivery.
    4. Students who do not have an undergraduate degree in accounting have to take (or must have taken) the following remedial courses before enrolling in MACC classes:

    ACCT 6301 – Accounting for Managers (or equivalent)

    ACCT 3321 – Intermediate Accounting I

    ACCT 3322 – Intermediate Accounting II

    ACCT 3323 – Income Taxation

    ACCT 3324 – Cost Accounting and Management

    ACCT 3326 – Accounting Information Systems

    ACCT 4327 – Auditing


    Course Descriptions
    ACCT 6310: Auditing               [3‐0]
    A study of the contemporary problems facing the auditing profession and the research that addresses these problems and other auditing issues.
    Prerequisite: ACCT 4327 or equivalent.

    ACCT 6320: Accounting and Financial Analysis              [3‐0]
    The objectives of this course are to review certain elements of financial reporting, to develop financial analysis skills, and to gain experience in using accounting information for decision making.
    Prerequisites: ACCT 6301 or ACCT 2301 and ACCT 2302 or equivalent.
    ACCT 6321: Advanced Accounting                                [3-0]
    A study of the theory and practices of accounting for investments in other companies with emphasis on long-term investments and foreign transaction. The course covers business combinations (Mergers, Acquisitions, etc.), accounting methods for consolidated financial statements, foreign currency transactions and accounting for foreign subsidiaries.
    Prerequisites: ACCT 3322 or equivalent.

    ACCT 6322: Special Topics in Accounting              [3‐0]
    A study of current and special topics in accounting. This course has variable content and may be repeated for credit.
    Prerequisites: 15 hours of accounting, including ACCT 3321, ACCT 3323 and ACCT 3324 or their equivalents.

    ACCT 6323: Accounting Seminar              [3‐0]
    Seminar on contemporary international and domestic accounting issues. Prerequisites: 9 hours of graduate-level accounting classes.

    ACCT 6325: Accounting for Management Planning and Control              [3‐0]
    This course is designed for those who aspire to be managers, management consultants, financial specialists, or human resource specialist. It teaches accounting and control issues and mechanisms from a managerial perspective.
    Prerequisites: ACCT 6301 or ACCT 2301 and ACCT 2302 or equivalent.

    ACCT 6328: Tax Topics              [3‐0]
    An examination of the reasoning underlying the federal rules governing income taxation of individuals, partnerships, and corporations through an analysis of prominent tax cases and related readings.
    Prerequisite: ACCT 3323 or equivalent.

    ACCT 6329: Corporate and Partnership Taxation              [3‐0]
    This course addresses the federal taxation of corporations, partnerships, and limited liability companies.
    Prerequisite: ACCT 3323 or equivalent.

    ACCT 6330: International Taxation              [3‐0]
    This course will introduce the fundamentals of international taxation, including the taxation of foreign source income of U.S. citizens and residents and the taxation of U.S. source income of foreign persons.
    Prerequisite: ACCT 3323 or equivalent.

    ACCT 6331: Financial Accounting Theory              [3‐0]
    An examination of contemporary accounting theories and their impact on the evolution of financial accounting and reporting requirements.
    Prerequisite: ACCT 3322 or equivalent.

    ACCT 6333: Business Law for Accountants              [3‐0]
    An in‐depth study of issues of business law relevant to the accounting profession. Ethical and global issues are emphasized.
    Prerequisite: BLAW 3337 or equivalent.

    ACCT 6340: Managerial Accounting              [3‐0]
    This course examines advanced cost and managerial accounting topics with an emphasis on contemporary issues in strategic management and control.
    Prerequisite: ACCT 3324 or equivalent.

    ACCT 6341: Accounting Research and Communication              [3‐0]
    This course involves performing research in accounting and communicating the results (both orally and in writing). It is designed to integrate students’ knowledge of various areas of accounting and develop specific skills and abilities in students that are deemed essential for success in the accounting profession.
    Prerequisite: 15 hours of graduate‐level accounting classes.

    ACCT 6345: Business Restructuring              [3‐0]
    This course examines issues in accounting, corporate finance and corporate governance relating to the choice of organizational form, mergers and acquisitions, spinoffs, and other forms of corporate restructuring.
    Prerequisite: Admission to a graduate business program.

    ACCT 6350: Information Technology for Accounting and Control              [3‐0]
    An extensive examination of technology and audit tools as well as accounting and control systems.
    Prerequisite: ACCT 3326 or equivalent.

    ACCT 6360: Tax Research and Communication              [3‐0]
    A study of authoritative tax law sources, tax research methodology, and research documentation and reporting. The course involves conducting research on typical tax problems and communicating the results.
    Prerequisite: ACCT 3323 or equivalent.

    ACCT 6362: Wealth, Transfers, Trusts and Estates              [3‐0]
    A study of the estate, gift and income tax treatment of the accumulation and transfer of wealth through estates and by lifetime transfers. Includes a review of estate‐planning tools and use of trusts and other techniques to achieve desired goals.
    Prerequisite: ACCT 6328 or equivalent.

    ACCT 6363: Fraud Examination              [3‐0]
    The objective of this course is to provide students with the knowledge, skills, and experiences that are essential in fraud detection, litigation support, and business evaluation and analysis.
    Prerequisite: ACCT 6310, ACCT 3321, and ACCT 3322 or their equivalents.

    ACCT 6365: Business Analysis and Valuation              [3‐0]
    Addresses the use of financial statements and other information to analyze and value firms with different models.
    Prerequisite: ACCT 3321 and ACCT 3322 or equivalents.

    ACCT 6370: Internal Auditing              [3‐0]
    An introduction to the principles, techniques, and standards of internal auditing, with emphasis on the assurance and value‐adding role of internal auditing in risk management, internal controls, and governance processes.
    Prerequisite: ACCT 4327 or equivalent.

    ACCT 6375: Financial Statement Analysis              [3‐0]
    The objective of this course is to introduce students to the analysis and interpretation of financial statements and related disclosures for forecasting and valuation purposes. Emphasis is placed on assessing the quality of financial information and other disclosures. ACCT 6375 and ACCT 6320 cannot both be counted towards the MACC degree.
    Prerequisite: Admission to the MACC program.

    ACCT 6380: Professional Ethics              [3‐0]
    An introduction to ethical reasoning, core values, and professional issues in accounting and business. Decision‐making within the framework of professional standards and the legal environment is also discussed.
    Prerequisite: ACCT 3322 and ACCT 4327 or equivalents.

    ACCT 6385: Global Accounting Regulation              [3‐0]
    A study of International Financial Reporting Standards (IFRS) and the differences between IFRS and US GAAP. Consideration is given to geopolitical issues, international organizations, and the role of regulators in the standard setting process.
    Prerequisite: ACCT 3321 and ACCT 3322 or equivalents.

    ACCT 6392: Advanced Financial Reporting              [3‐0]
    An advanced and in‐depth coverage of the theory and practice of financial reporting.
    Prerequisite: Admission to the MACC program.
  • Testimonials

    Nallely De Leon,

    I decided to continue with my education and pursue a Master’s degree in Accountancy from UTRGV because no other place made me feel genuinely instrumental. Every student in the program is imperative and the faculty are always guiding you on the path to success. Not only are you challenged in different aspects of accounting, but you are also given multiple opportunities from the business world. This degree has allowed me to critically assess and theoretically process accounting concepts that I will indefinitely implement throughout my career. This Master’s degree in Accountancy is priceless because of the valuable knowledge and beneficial skills you will obtain from this program.

    - Nallely De Leon, ’18, Ernst & Young, LLP

    Travis Timmins

    "Pursue a career path at the highest level"

    My experience at UTRGV and in particular in the MACC program at the Robert C. Vackar College of Business & Entrepreneurship has been invaluable. The degree has taught me instrumental skills and has offered me practical experience in order for me to pursue a career path at the highest level. As a returning student to a classroom setting, the wide variety of course offerings, flexible timing and accounting knowledge from the program has set me up for success. By bringing together people from a variety of backgrounds and experiences the MACC program at UTRGV truly offers a unique Master’s program that surpasses expectations.

    - Travis Timmins, ’18, Carr Riggs & Ingram, LLC