Twin Cities campus

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Twin Cities Campus

Accountancy M.Acc

Accounting
Curtis L. Carlson School of Management
Link to a list of faculty for this program.
Contact Information
Masters Programs in Accounting, 3-110 Carlson School of Management, 321 19th Avenue South, Minneapolis, MN 55455 (612-624-7511; fax: 612-626-7795)
  • Program Type: Master's
  • Requirements for this program are current for Spring 2016
  • Length of program in credits: 30
  • This program does not require summer semesters for timely completion.
  • Degree: Master of Accountancy
Along with the program-specific requirements listed below, please read the General Information section of this website for requirements that apply to all major fields.
The Master of Accountancy (MAcc) program offers students a one-year program with a broad selection of graduate courses in accounting, taxation, finance, supply chain and operations, information systems, and marketing. Students may choose to complete the program on a part-time basis and finish in three to four semesters. The majority of the courses are offered in the evenings (M-Th; 5:45-9:05pm). The curriculum has been designed and developed by Carlson School faculty with extensive input and ongoing consultation with executives from the professional community. The ongoing collaborative efforts with the professional community are a key component in the pursuit of the mission for the MAcc. program. For the students, such efforts ensure relevant, practical, and challenging courses that enhance their professional development.
Program Delivery
  • via classroom (the majority of instruction is face-to-face)
Prerequisites for Admission
Other requirements to be completed before admission:
Applicants must have a bachelor's degree in accounting (or equivalent coursework) or finance from an accredited college or university. Students may apply during their senior year but must complete the bachelor's degree prior to entering the MAcc program.
Special Application Requirements:
Three letters of recommendation from persons qualified to evaluate most recent work and potential for graduate study. A GMAT score that is not more than five years old is required. The GMAT score must be sent directly from GMAT to be considered official. Admitted Carlson School of Management undergraduate students will have the GMAT requirement waived. For international students, the results from one of the following English language tests are required: TOEFL, IELTS, MELAB. TOEFL scores must be received directly from TOEFL. IELTS and MELAB scores must be received directly from the testing center. For additional application details, review the MAcc admissions webpages.
For an online application or for more information about graduate education admissions, see the General Information section of this website.
Program Requirements
Plan C: Plan C requires 30 major credits and up to credits outside the major. There is no final exam.
This program may not be completed with a minor.
Use of 4xxx courses towards program requirements is not permitted.
A minimum GPA of 3.00 is required for students to remain in good standing.
The MAcc program requires 30 credits, including 12 required credits from three specific courses (see below); and 18 elective credits from a designated pool of courses in accounting, taxation, finance, information and decision sciences, supply chain and operations, and marketing. If bachelor's degree is in finance or from a foreign institution, required courses may be increase and elective courses reduced as determined by adviser upon admission. Students who did not take a U.S. tax course and/or a U.S. business law course in their bachelor's degree will be required to take ACCT 5135 Fundamentals of Federal Income Tax (4 cr.) and/or BLAW 6158 The Law of Contracts & Agency (4 cr.) in the MAcc program and reduce their elective credits by four/eight.
Required Accountancy Courses (12 credits)
ACCT 8001 {Inactive} (4.0 cr)
ACCT 8002 {Inactive} (4.0 cr)
IDSC 8003 - Accounting and Information Systems (4.0 cr)
Elective Master of Accountancy Courses (18 credits)
Take 18 - 20 credit(s) from the following:
· ACCT 5126 - Internal Auditing (2.0 cr)
· ACCT 5161 - Financial Statement Analysis (2.0 cr)
· ACCT 5236 - Introduction to Taxation of Business (2.0 cr)
· ACCT 5311 - International Accounting (2.0 cr)
· ACCT 5420 - MAcc directed study (1.0-4.0 cr)
· ACCT 6160 {Inactive} (2.0 cr)
· ACCT 8006 {Inactive} (4.0 cr)
· FINA 6121 - Debt Markets, Interest Rates, and Hedging (2.0 cr)
· FINA 6241 - Corporate Financial Decisions and Analysis (4.0 cr)
· FINA 6242 - Advanced Corporate Finance Analysis and Decisions (4.0 cr)
· FINA 6322 - Financial Modeling (2.0 cr)
· FINA 6341 - World Economy (4.0 cr)
· FINA 6522 - Introduction to Derivatives and Financial Risk Management (2.0 cr)
· FINA 6529 - Advanced Topics in Fixed Income and Derivatives (2.0 cr)
· FINA 6621 - International Financial Management (2.0 cr)
· IDSC 6421 - Financial Information Systems and Technology (2.0 cr)
· IDSC 6423 - Enterprise Systems (2.0 cr)
· IDSC 6471 - Knowledge Management (2.0 cr)
· MBA 6121 - Data Analysis and Statistics for Managers (3.0 cr)
· MBA 6315 - The Ethical Environment of Business (2.0 cr)
· MBT 6201 - Tax Accounting Methods I (2.0 cr)
· MBT 6221 - Tax Research, Communication, and Practice (4.0 cr)
· MBT 6231 - Corporate Taxation I (2.0 cr)
· MBT 6346 - ASC 740 Computations and Analysis (2.0 cr)
· MBT 6371 - Taxation of Property Transactions (2.0 cr)
· MBT 6383 - Transfer Pricing (2.0 cr)
· MBT 6501 - Business, Government, and Economic Tax Policy (2.0 cr)
· MCOM 5515 - Persuasive Writing in Business (2.0 cr)
· MKTG 6055 - Buyer Behavior (2.0 cr)
· SCO 6041 - Project Management (2.0 cr)
· SCO 6056 - Managing Supply Chain Operations (4.0 cr)
· SCO 6059 - Quality Management and Lean Six Sigma (4.0 cr)
· SCO 6072 - Managing Technologies in the Supply Chain (2.0 cr)
 
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· Curtis L. Carlson School of Management

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IDSC 8003 - Accounting and Information Systems
Credits: 4.0 [max 4.0]
Course Equivalencies: IDSC 6003/IDSC 8003
Grading Basis: A-F only
Typically offered: Every Fall
IS/IT infrastructure assessment methods, technology solutions, management issues. Digital data sources. Systems design in accounting and financial reporting information systems. Internal control requirements of Sarbanes-Oxley Act of 2002. Experiential learning, hands-on use of accounting enterprise software other packages. prereq: IDSC 3001 or equivalent
ACCT 5126 - Internal Auditing
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Financial/operational auditing. Standards. Managing the function. prereq: 2050
ACCT 5161 - Financial Statement Analysis
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Interpretation/analysis of financial statements. Introduces basic techniques of financial statement analysis and applies them in different settings (e.g., in investment/credit decisions). prereq: [5101]
ACCT 5236 - Introduction to Taxation of Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Introduction to the income tax laws governing the taxation of corporations, partnerships, limited liability companies, limited liability partnerships, and S corporations. Students will also increase their knowledge and skills related to tax research by writing research memorandums. prereq: 5135, acct major
ACCT 5311 - International Accounting
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Causes/history of international differences in design of financial accounting/reporting systems, efforts to harmonize them into worldwide system. Role/impact of currency translation on financial statements. International Accounting Standards, conceptual framework. prereq: 5101; [5102 or concurrent registration is required (or allowed) in 5102] recommended
ACCT 5420 - MAcc directed study
Credits: 1.0 -4.0 [max 4.0]
Typically offered: Every Fall, Spring & Summer
Internship or directed study in Master of Accountancy degree program. prereq: MAcc student
FINA 6121 - Debt Markets, Interest Rates, and Hedging
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This class introduces the tools and concepts needed to analyze fixed income securities. Topics include the pricing and hedging of fixed-rate Treasuries, floating rate bonds, bonds with embedded options, defaultable bonds, mortgage-backed securities and their derivatives, inflation-indexed bonds, duration analysis, and the Federal Reserve?s impact on interest rates. This course is extremely computationally intensive. Most of the assignments entail statistical modeling via regression analysis on historical data such as the term structure of interest rates, credit spreads, and other fixed income instruments. We also investigate how well future interest rates can be forecasted using forward rates and other observables. Advanced mathematical techniques such as principal component analysis and attribution analysis are investigated. Stochastic modeling of interest rate dynamics via Brownian Motion and Monte Carlo analysis is also introduced. Every class begins by discussing current headline news regarding fixed income markets, and how they relate to the concepts being taught. prereq: MBA student, MBA 6231 (previously MBA 6230)
FINA 6241 - Corporate Financial Decisions and Analysis
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Theoretical/applied understanding of corporate financial decisions. Adjusted present value, economic value added options. Impact of financing decisions on real asset valuation, managerial incentives, corporate strategy. prereq: MBA 6230, MBA student
FINA 6242 - Advanced Corporate Finance Analysis and Decisions
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall
Theory/practice of efficiently managing working capital, fixed assets. Emphasizes mergers/acquisitions, corporate restructuring, real options. Use of derivatives as financing tools, in deal structure. prereq: 6241, MBA student
FINA 6322 - Financial Modeling
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring & Summer
Financial modeling tools to access financial data warehouses to build, estimate, maintain, and interpret comprehensive financial models that provide the framework for understanding businesses and their historical performance, plans/strategies, and market values. Financial analytics/modeling skills, including data mining of large standard financial databases (warehouses) (e.g. Capital IQ), and a manageable introduction to Excel VBA programming. prereq: MBA 6231 (previously MBA 6230), MBA or Mgmt Sci MBA student
FINA 6341 - World Economy
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Tools to predict/understand ramifications of major economic events. Financial crises. Changes in monetary, fiscal, financial policies. Strategies for promoting long-run economic growth. Examples from U.S., Europe, Japan, developing countries. prereq: MBA 6231 (previously MBA 6230), MBA or Mgmt Sci MBA student
FINA 6522 - Introduction to Derivatives and Financial Risk Management
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
This class provides an introduction to derivatives pricing models and their applications. Building on the insights from the binomial model and the Black-Scholes model, it covers dynamic replication and optimal risk management strategies. It also combines tools from derivatives pricing and the CAPM model to develop investment strategies that achieve the optimal risk and return trade-off. Students are required to use Excel, Matlab or other programming languages to build replicating portfolios and to construct optimal investment and risk management strategies. They are also required to use historical data to evaluate the effectiveness of these investment strategies. prereq: 6121, MBA or Mgmt Sci MBA student
FINA 6529 - Advanced Topics in Fixed Income and Derivatives
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Economics and mechanics of derivatives. First phase focuses on theoretical and institutional foundations for various derivatives instruments and markets. Second phase is practicum in which student groups build working models of derivatives. prereq: (credit will not be granted if already received for 6541)
FINA 6621 - International Financial Management
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
Applying finance theory to multinational corporations' investment, financing, risk management, decisions. International financial system. Spot, forward, swaps, option markets for foreign exchange. Interest rate arbitrage, parity. Exchange rate risk analysis/forecast. Measuring/managing currency exposure. Long term financing with swaps. Multinational capital budgeting. Cost of capital for international projects. prereq: MBA 6231 (previously MBA 6230), MBA student
IDSC 6421 - Financial Information Systems and Technology
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
IT-focused business models of financial firms. Industry/firm technology infrastructures, applications, and in-firm control technologies. IT in financial markets and investment management. E-brokerage, digital quote vendors, Web-based IPOs. Web-based and home banking systems, traditional/Internet-based e-payment solutions, e-bill payment/presentment. Hands on experience with software. prereq: MBA student
IDSC 6423 - Enterprise Systems
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Enterprise Systems are the information core of diverse organizations and play a major role in their management and performance. This course provides the context of Enterprise Systems role in organization's journey of Digital Transformation. It examines Enterprise System's structural aspects such as governance, program & change management, sourcing, development (programming), testing, operations, and regulatory compliance. Business cases provide real world examples across these subjects and focus on specifics such as labor multi-sourcing and A/B testing strategies.
IDSC 6471 - Knowledge Management
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
Design, evaluation, use of knowledge in organizations. Leveraging knowledge in workers, structures, processes. Assessment of knowledge needs. Evaluation of key decision processes, information demands, usage patterns, content requirements. Behavioral/cultural barriers. Use of technology for knowledge management. prereq: MBA student
MBA 6121 - Data Analysis and Statistics for Managers
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Concepts/ principles of business statistics, data analysis, and presentation of results. Topics: exploratory data analysis and graphics, basic inferential procedures including estimation and hypothesis testing, correlation, bivariate and multiple regression analysis, forecasting and predictive modeling using regression, and introduction to the design of experiments. These methods are selected for their relevance to managerial decision making and problem solving. prereq: MBA or Mgmt Sci MBA student
MBA 6315 - The Ethical Environment of Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall, Spring & Summer
Understanding the ethical environment within which business and managers operate. Focus is on the ethical expectations surrounding organizational activities, firm responsibilities to shareholders and stakeholders, and providing a comprehensive framework for ethical decision-making by individuals. The goal of the class is two-fold. First, to help people in business find a voice and advance a point of view as they go forward with their career. Second, to prepare managers to successfully navigate and manage this critical component of a firm?s competitive environment. prereq: MBA student
MBT 6201 - Tax Accounting Methods I
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course covers the federal income tax rules for when income and expense should be recognized. The purpose of this course is to provide students the statutory and regulatory framework for analyzing and explaining the federal income tax consequences of tax accounting methods and periods issues. prereq: ACCT 5135, MBT student - NOTE: Previous course number was MBT 5200.
MBT 6221 - Tax Research, Communication, and Practice
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Tax questions. Locating/assessing potential authority. Communicating research results. Sources of IRS policy. Processing/auditing returns. Rulings, determination letters. Closing agreements. Assessments, collections. prereq: ACCT 5135 NOTE: Previous course number was MBT 5220
MBT 6231 - Corporate Taxation I
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Federal income taxation of corporations/shareholders. Organization of a corporation. Establishment of capital structure. Determination of tax liability. Dividends, non-liquidating distributions. Stock redemptions, liquidations. prereq: ACCT 5135 NOTE: Previous course number was MBT 5230
MBT 6346 - ASC 740 Computations and Analysis
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Financial accounting/reporting standards for effects of income taxes from corporate activities. Computation of current/deferred tax expense/benefit. Temporary differences, carryforwards. Computation of deferred tax assets/liabilities, valuation allowances, business combinations. Investments in subsidiaries, equity method investments. Foreign operations, tax allocations, interim period tax calculations. NOTE: Previous course number was MBT 5346.
MBT 6371 - Taxation of Property Transactions
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
Determining realized gain or loss and recognized gain or loss, and tax treatment of that gain or loss on property dispositions. Consequences of property transactions including depreciation, depletion, basis, and capital gains problems. prereq: Acct 5135 NOTE: Previous course number was MBT 5370.
MBT 6383 - Transfer Pricing
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Spring Odd Year
This course provides an introduction to transfer pricing issues facing multinational businesses. The discussion will focus on the application of the arm?s length standard as described in US Treasury Regulations 1.482, and application of transfer pricing legislation and regulations in other countries, largely through the transfer pricing guidelines published by the Organization for Economic Cooperation and Development (OECD). The course examines economic models, pricing policies, global intangible property, and controversy involving transfer pricing. Prereq: ACCT 5135. NOTE: Previous course number was MBT 5382.
MBT 6501 - Business, Government, and Economic Tax Policy
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall
Effects of business/government on tax system. Social, political, economic, cultural values affecting tax system. Macroeconomics/implication for taxation. History of taxes/alternate approaches to taxation, public finance, government expenditures in theory/practice. Specific taxes. prereq: MBT 6231/5230. NOTE: Previous course number was MBT 5500.
MCOM 5515 - Persuasive Writing in Business
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Periodic Fall
Writing to motivate/affect change. Form/content. Techniques of persuasion. Producing polished text. Writing with power. prereq: MBA student
MKTG 6055 - Buyer Behavior
Credits: 2.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This course provides a deep understanding of consumer motivation and psychology to predict behavior in the marketplace. It covers both rational and irrational influences that impact consumers at different stages of the decision-making process. The course gives students the tools to provide insightful, data-driven recommendations by thoroughly understanding the customer. prereq: MBA 6210/6211, MBA or Mgmt Sci MBA student
SCO 6041 - Project Management
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Companies in a wide-range of industries (such as agri-business, aerospace, construction, manufacturing, and medical technology) use Project Management for New Product Development, implementing strategic initiatives, and other business objectives. In the course of your career, those in business, government, and even non-profit organizations will spend a significant amount of their professional career either participating in, or leading projects. While every project is by definition unique in scope, some concepts and tools are considered industry best practices and are internationally recognized via the certification programs of the Project Management Institute. The course will focus on scheduling and critical path analysis, time management, cost estimating, resource utilization, and risk management. Specific tools will include Earned Value Management and the quantitative techniques for estimating schedule risk. The latter will include estimating task durations and the probabilities for project completion by specific time periods. The course will conclude an introduction of Agile Methodologies and Scrum.
SCO 6056 - Managing Supply Chain Operations
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
Decisions/trade-offs managers face when directing operations of supply chain. How supply chain operations are coordinated within manufacturing, distribution, and retail organizations. prereq: [MBA 6220 or equiv], MBA student
SCO 6059 - Quality Management and Lean Six Sigma
Credits: 4.0 [max 4.0]
Grading Basis: A-F only
Typically offered: Every Fall
Management/technical aspects of process improvement. Organizational performance and financial measures as they relate to process improvement. Strategy, improvement tools/methods. prereq: [MBA 6220 or equiv], MBA student
SCO 6072 - Managing Technologies in the Supply Chain
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Spring
Course prepares students to develop capabilities for (i) making well-informed technology choice decisions; (ii) effectively managing the development and implementation of technologies; and (iii) collaboratively engaging in crisis management and problem solving during technology development and implementation. The central question around which the course is organized is: How can existing and emerging technologies (e.g., IoT, automation, artificial intelligence, 3D printing, block chains) and the related process and people issues be managed to design and sustain reliable, responsive, resilient, and responsible supply chains? Analytic methods covered in the course to inform decisions related to the development and implementation of technologies include statistical methods (e.g., multivariate regression, time-series analysis, hazard models), risk analysis methods (e.g., decision trees) and predictive analytic methods (e.g., random forest). Through a combination of operations analysis case studies and hands-on exercises, students learn to evaluate the potential upside and downside risks of existing and emerging technologies. The final course project involves designing and testing of prototype systems for evaluating the development and implementation in supply chain and operations settings of companies.