The Busch School of Business and Economics approach to Accounting is focused on forming good stewards.
With small classes, close mentoring by faculty, an obsession about student placement, and a curriculum solidly based on ethics and integrity, Catholic University M.S.A. graduates will be well prepared for the challenges of the global business world and the accounting profession.
The M.S.A. is designed to be completed in one year (two semesters) of full-time study by students who have already completed a B.S. in accounting or equivalent. It will require 30 credit hours. The M.S.A. degree may also be completed on a part-time basis. The M.S.A. program gives students who have completed an undergraduate degree in accounting the opportunity to complete the 150 credit hours to be eligible and well prepared for the CPA examination.
The program is a 30-credit-hour program that is designed for those who already have a Bachelor of Science in Accounting major or minor, or equivalent. The M.S.A. program provides the academic prerequisites for candidates who wish to take the United States Uniform Certified Public Accountant (CPA) examination. Most states currently require 150 credit hours for the CPA certificate.
The M.S.A. degree may also be completed on a part-time basis. Applicants who did not complete an undergraduate major in accounting also may apply, but must have successfully completed the certain prerequisites.
Advanced Accounting Courses
To prepare a graduate for a wide range of current accounting issues, and to ensure that they are prepared well for the CPA exam, the five required Accounting courses (of three credit units each) are focused on the three key business elements of the accounting profession – Accounting, Auditing, and Taxation. They are:
Accounting (at least three of the following courses must be selected):
• ACCT 517 (Governmental and Not for Profit Accounting) – to prepare students for the governmental/NPF sector
• ACCT 518 (Accounting Theory) – to prepare students for the commercial/private sector
• ACCT 530 (Forensic Accounting) – to prepare students for the increasingly complex world of fraud and defalcation
• ACCT 575 (International Accounting) – to prepare students for the growing and complex global sector
• ACCT 580 (Legal, Financial and Tax Aspects of Business Law)
• ACCT 582 (Financial Analysis) – to prepare students for interpreting and reporting key financial data in all sectors
Auditing (at least one of the following must be selected):
• ACCT 512 (Auditing) – to prepare students who are considering a career in public accounting or the corporate/governmental audit function
• ACCT 525 (Accounting Software Systems) – to prepare students for the increasingly complex “audit trails” that must be mastered by auditors
Tax (at least one of the following must be selected):
There are also two required courses: They are
ACCT 542 Accounting Ethics, and ACCT 650 (Graduate Seminar) which students must enroll in their last semester. It is the culmination of studies and the practical experience-based course on contemporary accounting problems (for example in the areas of accounting, auditing, reporting and taxation.)
Business or Economics Elective Courses
Up to three electives can be chosen from ACCT 500, MSBA 500, or MSM 500 level graduate courses.
A minimum cumulative GPA of 3.00 is required for graduation from the MSA program.
The M.S.A. program provides students with:
- the more advanced concepts in the fields of accounting, auditing, and taxation,
- a clear understanding of the strategic role of accounting in business organizations and society,
- an international perspective given the increasingly global nature of business.
Students have the advantage of small classes as well as close mentoring from accounting faculty with a wide range of global and diverse professional experience. Internships and part-time employment at professional firms, commercial companies, and government agencies are encouraged.
Preparation for the CPA Examination
The M.S.A. program can be completed in one year, at the end of which students are well prepared to take the United States Uniform Certified Public Accountant (CPA) examination.
The educational and experience requirements of boards of accountancy vary from state to state. It is the student's responsibility to determine the requirements that must be met in his or her state in order to sit for the examination, and to request changes in the program to meet those requirements.