Master of Accounting Information Session

1. Master of Accounting Information Session October 23, 2013

2. Why a Master’s Degree? CPA Requirements Sitting for the CPA Exam during the Program Program Structure Program Requirements Taking Courses as an Undergrad Admissions Deadlines Admissions Process and Requirements MSA Program GMAT Prep Program Fees Available Financial Aid Agenda

3. Why a Masters Degree? • Expand upon undergraduate work • Study advanced topics in accounting • Smaller classes • More course facilitation and discussion • Improve employment opportunities • MAcc degree highly desired by employers • MAcc students ahead of peers in workforce • Prepare for CPA • States with higher requirements (e.g. Arizona)

4. CPA Certification Requirements • Arizona State Board of Accountancy* • Baccalaureate Degree • 150 semester hours • 36 semester hours in accounting courses • 30 in upper division Accounting courses • 30 semester hours of related courses * http://www.azaccountancy.gov/Certification/FAQs.aspx#Q4 • Master of Accounting Program • Provides additional 30 required semester hours • Provides additional accounting semester hours

5. Sitting for CPA Exam during Program • Criteria • Bachelor’s Degree • 24 units in accounting • Must apply to AZ Board of Accountancy • $100 fee • Takes 45-60 days to be approved • Fee for each part • $171.25 (REG & BEC); $190.35 (FAR & AUD)

6. Program Structure • 30 Units Total • 2 Tracks of Study • Tax track • Audit track

7. Program RequirementsTax Track Fall: • Acct 555 (Taxation of Real Estate Transactions) • Acct 557A (Tax Return Preparation Lab – 2 unit) • Acct 557 (LLC, LLP, Partnership Tax) • Acct 555M (State & Local Tax) • Acct 553 (Tax Research) • Acct 562A/B (Technology for Accountants: Excel and Quickbooks, 2 units) Spring: • Acct 501 (Advanced Accounting) • Acct 522T (Corporate Taxation) • Acct 556 (Tax Provision and Related Topics) • Acct 531 (Principles of Auditing) • Acct 655J International Taxation (2 units) • Acct 562A/B (Technology for Accountants: Excel and Quickbooks, 2 units)

8. Program RequirementsAudit Track Fall only: • Acct 554* (Accounting Analysis of Financial Statements) • Acct 572A* (Government and Not-For-Profit) Spring Only: • Acct 510* Fall and Spring: • Acct 501 (Advanced Accounting) • Acct 522 (Advanced Federal Taxation) • Acct 525 (Accounting Theory and Institution) • Acct 531 (Principles of Auditing) • Acct 532 (Audit Simulation) • Acct 521 (Business Law) • Acct 561* (Accounting Information Systems) • Acct 580 (Communication Skills for the Accounting Profession) • Acct 562A/B (Technology for Accountants: Excel and Quickbooks, 2 units) • Acct 562C (International Financial Reporting Standards, 1 unit) * If you have taken Acct 410, 461, 472A, or 451 as an undergraduate, you will not be allowed to take Acct 510, 561, 572A, or 554 respectively as a MAcc graduate.

9. Program RequirementsAudit Track Optional Accounting Courses: • Acct 562AB(Technology for Accountants) – Fall and Spring • Acct 562C (IFRS) – Fall and Spring • Acct 572A* (Accounting for Not-for-Profit Entities) – Fall Only • Acct 510* (Principles of Profit Planning and Control) – Spring Only If you choose not to take all three of the optional accounting courses you may take an approved ACCT, MIS, FIN, ECON, or LAW course. * If you have taken Accounting 410 or 472A, as an undergraduate, you will not be allowed to take Accounting 510 or 572A respectively as a MAcc graduate. Provisional Students will be required to take 10 accounting courses

10. Taking Courses as an Undergrad • This is no longer allowed. You must be enrolled in the MAcc Program to be eligible for registration in MAcc courses.

11. Admissions Deadlines Domestic/International: • Spring 2014 – October 1, 2013 • Fall 2014 – March 1, 2014 • We continue to accept applications after these deadlines but priority for aid and admission is given to early applicants. • We will continue to review applications until 1 week prior to the beginning of the semester and continue to admit qualified students if space permits.

12. Admissions Process • Minimum Requirements • 4-year Bachelor's Degree • 3.0 GPA (4.0 scale) • GMAT, letters of recommendation, essays, and resume are waived for U of A students meeting the following criteria: • Student is one semester away from earning their undergraduate degree in Accounting from U of A or has earned the degree within the past 12 months AND • Overall GPA: 3.2 • Upper Division Acct GPA: 3.0 (does NOT include ACCT 200 and 210) NOTE: Beginning with Fall 2014 – U of A International Students that qualify for the waiver will still need to take the GMAT exam.

13. Admission Requirements with Waiver • Graduate School Application • Apply online at www.grad.arizona.edu • Accounting department application included • $75 application fee • Official transcripts from all previous institutions attended for college credit besides U of A • GMAT (if International Student) applying for fall 2014 or later.

14. AdmissionRequirements without Waiver • Graduate School Application • Apply online at www.grad.arizona.edu • Two letters of reference • Three essays • Resume • GMAT • $75 application fee • Official transcripts from all previous institutions attended for college credit besides U of A

15. MSA Program • Master of Science in Management with Accounting Emphasis • Requirements: • At least 18 units of Accounting • 12 units of Acct or Non-Acct Courses • Fall and Spring start dates • Summer courses available if prerequisites are needed

16. GMAT Prep • Test Dates • Reserve test date online (http://www.mba.com/the-gmat.aspx) • Test fee of $250 • Most centers open 6 days a week • 4 test centers in Arizona (Tucson, Phoenix, Flagstaff) • Information Sessions • Kaplan on campus – Call 1-800-KAP-TEST • Practice is key! • Invest in preparation materials • Kaplan, Peterson’s, GMAT website (www.gmac.com) • Practice on paper and on computer

17. Program Fees • Beginning in Fall 2014, the program fees will be $5,750per semester for students. *Tuition rates based on Spring 2014 and are subject to change

18. Financial Assistance • Scholarships • ASCPA Scholarship • $2,000 • Many others listed on Accounting Department’s website • Includes AICPA, ALPFA, and IIA • www.accounting.eller.arizona.edu/master/scholarships

19. Teaching Assistantships • 10 Hours per week • Stipend of approximately $2,737 per semester • Tuition waiver or “GA Remission” amount refunded to you approximately 3 weeks after classes begin • 50% of in-state tuition: • Non-resident fee is also waived • The cost of student health insurance for the individual student is reimbursed • 10% discount at all A.S.U.A. Bookstores

20. Staff Positions • 4 positions • 20 hours a week • Please send your resume to Leslie at lcohen@email.arizona.edu

21. Guest Speakers • U of A MAcc Graduates: • Adam Lohr • Audit Supervisor • Keegan Linscott, & Kenon • Cathy Poore • Tax Manager • CliftonLarsonAllen

22. Leslie Cohen • lcohen@email.arizona.edu • MAcc Coordinator Assistant: • Rachael Couryrcoury@email.arizona.edu • (520) 621-4455 • MSA Coordinator Assistant: • Julie Lyon jdlyon@email.arizona.edu • (520) 621-4455 • A copy of these slides will be posted to the MAcc website within the next few days. Questions?