Curriculum

Loyola's accounting program is accredited by Association to Advance Collegiate Schools of Business (AACSB-International). The Association is the only agency that accredits accounting programs in the United States and only 181 of the 694 AACSB Business accredited programs around the world have a separate accreditation for Accounting*.

Loyola's accounting program is among the best in the nation. According to National Association of State Boards of Accountancy, (NASBA), in 2012 in our enrollment category, Loyola has the eighth best performance nationally. Fifty one candidates with Loyola bachelors-level degrees presented themselves as first-timers for one or more of the four sections of the CPA exam. The pass-rate was 74.5 percent, the highest among all first-timers with bachelor's degrees from any Maryland institution.

Obtaining the CPA credential provides many high quality employment options for students, including careers in public, corporate, managerial, and government accounting, corporate finance, consulting, non-profit management, and law enforcement. The MAcc Program provides a clear path to both a master level credential and requisite credit hours to be licensed. The MAcc is a 10 course, 30 credit hour cohort program designed to enhance:

  • Students' Technical Accounting Skills
  • Verbal and Written Communication Skills
  • The Ability to Engage in Sound, Ethical Decision-Making

The Sellinger School's MAcc Program curricular highlights include:

  • Accounting courses that provide expanded knowledge and deep grounding in technical skills, as well as opportunities to apply skills through integrative cases within courses.
  • Curriculum design that increases the rate of learning, motivation and commitment to excellence, through a cohort style learning environment and students with proven high level accounting skills.
  • The opportunity for students to obtain paid, full-time internships in the spring semester, accountants' busiest time of year providing a live learning environment as students apply what they have learned.
  • Advanced study in the major areas of accounting (financial, managerial, information systems, auditing, and taxation), as well as in the supporting fields of finance and information systems.
  • The delivery of all content with the underlining concern for ethical decision making.
  • Co-curricular opportunities that:
       (1) Link students to accounting professionals (e.g., mentoring)
       (2) Enhance students' technical skills (e.g., advanced training in Excel)
       (3) Make graduates career ready (e.g., advanced training in presentation skills)

Design/Delivery

The program is a lock step cohort full time program. Classes will be offered in 3 hour blocks, over a 12 week semester (Summer – 12 credits, Fall – 12 credits, Spring – 6 credits). A sample academic year outline is below. The program will be completed in a 12 month period. 

Summer
12 week term
Fall
15 week term
Spring
15 week term 
 AC 702  AC 700
AC 707
AC 704
Tax Research
 
AC 701
AC 708
Advanced Finance 
AC 705
AC 703
Performance Measurement and
Strategic Cost Management
 
AC 709
Internship
or
AC711 Seminar in
Accounting Practice 
AC 706
   Advanced Auditing 
   

For more information on the Master of Accounting, contact us at 410-617-5067 or macc@loyola.edu. One of our advisors will be glad to speak with you.

Course Descriptions

AC700 Ethics and Social Responsibility for Accountants (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

This course has two primary objectives: to provide a practical, action-oriented approach to business ethics that helps individuals who work in corporations and organizations decide what to do when they are faced with an ethical dilemma, and to explore modern corporate social responsibility—an approach to management that guides organizations beyond creating an ethical environment in the workplace. While pursuing these objectives, students study alternative perspectives on a wide range of contemporary business issues through readings and case studies. Ultimately, students see the extent to which ethics and moral and social responsibilities are intertwined. The course emphasizes verbal and written communication skills, and professional judgment expected of leaders.

MAcc students will use Writing That Works: Communicating Effectively on the Job (Oliu, Brusaw & Alred) and The Exceptional Presenter: A Proven Formula to Open up and Own the Room (Koegel) throughout the MAcc Program.

AC701 Advanced International Accounting (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

This course examines the international dimensions of accounting, including topics such as International Financial Reporting Standards (IFRS), corporate financial reporting and convergence, and international financial statement analysis. 

Students will study Convergence Guidebook for Corporate Financial Reporting  (Pounder).

AC702 Advanced Financial Accounting (3.00 cr.)

Prerequisite: Restricted to MAcc and graduate accounting certificate students. 

This course focuses on advanced topics related to the stockholder’s equity and cash flow statements. These topics include dilutive securities, accounting for pensions, accounting error analysis, and equity method conversions. Closed to students who have taken the course as a topic under GB763. (Summer only)

AC703 Performance Measurement and Strategic Cost Management (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

This course teaches graduate students how accounting is used to support decision-making, planning, control, and performance measurement within organizations.

AC704 Tax Research (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

This course provides in-depth electronic accounting, auditing, and tax research. The course emphasizes use of databases, practice in issue identification, reading and analyzing primary authority, and communicating results.

AC705 Advanced Accounting Information Systems (3.00 cr.)

Prerequisite: Restricted to MAcc and graduate accounting certificate students. 

This course is designed to provide a detailed study of integrated components within an accounting information system. A thorough of current issues that pertain to information technology is conducted. Students utilize the database approach to design and develop a complex system of storing and retrieving data. Closed to students who have taken the course as a topic under GB768. (Summer only)

AC706 Advanced Auditing/Forensics (3.00 cr.)

Prerequisite: Restricted to MAcc and graduate accounting certificate students. 

This course focuses on advanced topics related to the auditing standards promulgated in the U.S. for audits of public companies, private companies, governmental entities, not-for-profit entities and employee benefit plans. Additionally, the course focuses on the standards promulgated by the International Auditing and Assurance Standards Board (IAASB) and the differences between these standards and U.S. auditing standards. It also focuses on the application of accounting and auditing skills to detect financial discrepancies and the presentation of fraud cases for criminal proceedings and litigation. Closed to students who have taken the course as a topic under GB766. (Summer only)

AC707 Government and Non-profit Accounting (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

This course focuses on the accounting and financial reporting issues of governmental units, not-for-profit organizations, colleges and universities, and some health care entities. The course covers fund accounting and financial reporting for state and local units under GASB Statement No. 34 and not-for-profit accounting principles.

AC708 Advanced Finance (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

At the completion of the course, the student will: 1) Apply financial accounting metrics to the valuation of firms in the capital markets. 2) Understand the interrelationships among financial statements, stock options, and derivatives.

AC709 Internship (3.00 cr.)

Prerequisite: Restricted to MAcc students. 

Students will work full-time for an accounting firm, company, government agency, or not-for-profit organization.  

*as of August 2014

As chair of the Accounting Advisory Board and a future employer of accounting students, Iā€™m excited this new program will offer a clear path to completion of the 150-hour requirement, in addition to building a pipeline of very qualified CPAs for years to come.

-Christine Aspell, BBA & Partner, KPMB LLP

The new MAcc curriculum is focused on developing deeper technical, communication and decision making skills, providing graduates crucial tools for successful careers in public accounting and beyond.

-Bob Jirsa, BA ā€˜77 Partner, McGladrey, LLP

While earning a Masters will almost certainly qualify a student to earn his or her CPA license, the true benefit such programs provide comes from a truly increased depth of knowledge.

-John Peter Krahel ā€˜08

Read more testimonials

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