Patterson School of Accountancy Master of Accountancy and Master of Taxation

 

OVERVIEW

 

The University of Mississippi offers both Master of Accountancy (M.ACCY) and Master of Taxation (M.TAX) degrees. The graduate degree is designed to provide a fifth year of accounting education to prepare students for careers in professional accounting. The American Institute of Certified Public Accountants recommends five years of academic study to obtain the professional knowledge for a career in accounting, and more than 46 states (including Mississippi and surrounding states) have laws requiring five years of study as a prerequisite to sit for the CPA examination.  OBJECTIVE

 

The objective of the Master of Accountancy and Master of Taxation programs is to give students a greater breadth and depth in accounting and perhaps a specialization in a particular area, such as tax. The purpose is to provide education to allow entry into a professional accounting or tax career upon graduation. Outstanding employment opportunities in public accounting, industry, and government await graduates of master’s programs, and the ever-changing tax laws have increased the importance of tax education and specialization.  ADMISSIONS AND DEGREE REQUIREMENTS

 

The Master of Accountancy and the Master of Taxation degrees both require 30 semester hours of course work. Admission to the program is based on the applicant’s undergraduate record and the score made on the Graduate Management Admission Test. Generally, a GMAT score of 450 or higher is required for admissions. Foreign students must earn a TOEFL score of 600 or above on a paper-based test, or at least 250 on the computer-based test, or at least 100 on the internet based test.  Prerequisites. Students must present credit or other proof of accomplishment in the following undergraduate courses: Financial (Intermediate) Accounting I & II, Cost Control, Auditing, Advanced Accounting (Consolidations), Income Tax I, Business Law, Principles of Economics I & II, Economic Statistics I & II, Introduction to Business Law, Management Principles, Marketing Principles, Business Calculus, Business Policy, and computer knowledge.  A student holding a bachelor’s degree in accountancy from an accredited university can normally complete the master’s program in one calendar year (consisting of two regular semesters and one summer session). The normal course load is 9 or 12 hours per semester.

 

 

For additional information, contact Dr. Dale Flesher: acdlf@olemiss.edu or 662-915-7623

COURSE REQUIREMENTS MASTER OF ACCOUNTANCY (Under 2002 and later catalogs)  Required Accountancy Courses 509 Income Taxes II 601 Seminar in Accounting Theory 605 Cost/Managerial Accounting 610 Auditing Seminar  Accountancy Electives Any 12 hours from the following courses:  501 Internal/Operational Auditing 515 Accounting Problems 521 International Accounting 525 Professional Report Writing 530 Information Technology Auditing 603 Seminar in Contemporary Taxation 609 Systems Seminar* 611 Corporations** 612 Tax Research Seminar 625 International Taxation 626 Estate and Gift Taxation** 633 Income Taxation of Corporations and

Shareholders** 634 Taxation of Partners and Partnerships** 690 Professionalism, Policy and Research  *Required of students not having an undergraduate systems course **Cross-listed with Law School  Approved Non-Accountancy Electives 6 hours at 500 or 600 level  ACCY 525 is recommended ACCY 520 (Accounting Internship) may be taken as a

3-hour non-Accountancy elective, but it does not count as an Accountancy elective.

(All graded courses at the 500 level or above in Business, Law, and Pharmacy are automatically approved.)  Total for Master of Accountancy Degree: 30 hrs.

COURSE REQUIREMENTS MASTER OF TAXATION (Under 2002 and later catalogs)  Required Accountancy Courses 601 Seminar in Accounting Theory 605 Cost/Managerial Accounting 610 Auditing Seminar

Required Tax Courses 509 Income Taxes II 612 Tax Research Seminar  Taxation Electives Any 6 hours from the following courses:  603 Seminar in Contemporary Taxation 625 International Taxation 626 Estate and Gift Taxation* 633 Income Taxation of Corporations and

Shareholders* 634 Taxation of Partners and Partnerships*  Accountancy Electives Any 6 hours from the following:  501 Internal/Operational Auditing 515 Accounting Problems 521 International Accounting 525 Professional Report Writing 530 Information Technology Auditing 609 Systems Seminar** 611 Corporations* 690 Professionalism, Policy and Research  *Cross-listed with Law School **Required of students not having an undergraduate systems course  Approved Non-Accountancy Electives 3 hours at 500 or 600 level Same choices as Master of Accountancy  Total for Master of Taxation Degree: 30 hrs.

GRADUATE

National RankingsThe Patterson School of Accountancy at The University of Mississippi has been nationally ranked in the Public Accounting Report (the primary national accounting ranking) every year since 2005. Most recently, the undergraduate program was ranked No. 4, the graduate program was ranked No. 5 and the doctoral program was ranked No. 8. This honor is a testament to the hard work of the Patterson School faculty in delivering a rigorous educational experience, to our outstanding students who go on to have phenomenal careers, and to our alumni and friends who support the School in so many ways.

CPA Exam Review CourseThe Patterson School of Accountancy began a CPA review class in the Spring of 2008, with the goal of giving students a structured environment to study and sit for the exam during their last semester of the graduate program. The class uses the preparation courses for the CPA exam through Becker Professional Education, with the PSOA faculty delivering the class. Students in the class receive credit through the course ACCY 515, Accountancy Problems. This course fulfills an accountancy elective in either the Master of Accountancy or Master of Taxation program.

Patterson school of accountancyat the university of MississiPPi

Crunching the numbers never made such sense!An Ole Miss Accountancy education is all this and more:

• Accessible

• Affordable

• Nationally Ranked

• High Job Placement

The rapidly rising demand for accountants has made this profession one of the fastest growing in the nation. Students with diverse backgrounds, abilities and interests all have opportunities in accounting.

Elective courses in accountancy include In-ternal-Operational Auditing; International Accounting; Professional Report Writing; Information Technology Auditing; Systems Seminar; Professionalism, Policy and Re-search; Seminar in Contemporary Taxa-tion; Tax Research Seminar; International Taxation; Estate and Gift Taxation; Income Taxation of Corporations and Sharehold-ers; Taxation of Partners and Partnerships. Transfer students having no undergraduate systems courses comparable to ACCY 310 (Systems) are required to take ACCY 609 (Systems Seminar).

Financial AidA limited number of graduate teaching assistantships are available for qualified graduate students. An assistantship quali-fies the student for the Tuition Scholar-ship. Nonservice fellowships, in addition to the preceding financial assistance, are also awarded by the Graduate School to candi-dates meeting its criteria for excellence. There is no separate application form for assistantships and scholarships. All stu-dents admitted are considered for such aid.

For More InformationPatterson School of AccountancyThe University of MississippiConner HallUniversity, MS 38677Telephone: (662) 915-7468Fax: (662) 915-7483E-mail: umaccy@olemiss.edu

www.olemiss.edu/depts/accountancy

The National Library of the Accountancy ProfessionThe University of Mississippi and the Patterson School of Accountancy are home to the National Library of the Accountancy Profession. Library staff and Patterson School graduate students respond to requests made by practitioners and researchers from around the region and nation. This library includes liter-ally hundreds of periodical titles, including essentially every accounting title in the English language. Having the National Library of the Accounting Profes-sion on the Oxford campus provides research accessibility to our students as well as prestige and international exposure to the Accountancy programs at Ole Miss.

Admissions and PrerequisitesThe Master of Accountancy and the Master of Taxation degrees both require 30 semester hours of course work. Admission to the program is based on the applicant’s undergraduate record and the score made on the Graduate Management Admission Test. Generally, a GMAT score of 450 or higher is required for admissions. Foreign students must earn a TOEFL score of 600 or above on a paper-based test, or at least 250 on the computer-based test.

Students must present credit or other proof of accomplishment in the following undergraduate courses: Financial (Intermediate) Accounting I & II, Cost Control, Auditing, Advanced Accounting (Consolidations), Income Tax I, Business Law, Principles of Economics I & II, Economic Statistics I & II, Legal Environment of Business, Management Principles, Marketing Principles, Business Calculus, Business Finance, and computer knowledge.

Master of Accountancy

Requirements HoursIncome Tax II, Seminar in Accounting Theory, Cost, Auditing Seminar ..............12Approved accountancy electives ................................................................................12Approved nonaccountancy electives ...........................................................................6Total for a Master of Accountancy degree ...............................................................30

Master of Taxation

Requirements HoursSeminar in Accounting Theory, Cost, Auditing Seminar .........................................9Income Tax II, Tax Research Seminar .......................................................................6Approved tax electives .................................................................................................6Approved accountancy electives .................................................................................6Approved nonaccountancy electives ...........................................................................3Total for a Master of Taxation degree ......................................................................30

The University of Mississippi does not discriminate against any student protected by law based on race, color, religion, sex, national origin, disability, age, veteran status, sexual orientation, or genetic information.