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Master of Accounting Science (Leadership)


Degree Requirements (2014 - 2015)

Students who have undergraduate degrees in accounting may be able to complete the Master of Accounting (Leadership) Science in one year. Students who have had the equivalent undergraduate courses may skip those Phase One courses and go on to Phase Two of the program. However, students who do not have an undergraduate degree in accounting can get this background by taking the 500-level Phase One business courses, or their equivalent, and courses in accounting. See the online course catalog for course descriptions.

Note: For Graduate students who are on financial aid and are planning to take undergraduate level courses, there may be special implications to receiving financial loans. Please contact the NIU Financial Aid office to discuss and verify assistance.

Phase One (College of Business Foundation and Accountancy Requirements)
Phase Two (Leadership Masters of Accounting Science Program)


Business Phase One Foundation:

Business Phase One requirements must be included in a student's program of courses unless a grade of C or better has been earned in corresponding undergraduate courses. Phase One deficiencies/waivers are determined by transcript evaluation. The university requires that you submit all degree transcripts including baccalaureate, master's, doctoral, and associate's degrees. If you have taken course work at schools other than one(s) from which you received degree(s) and you took classes that may waive a Phase One requirement, you are encouraged to submit any such transcripts to the Graduate School for review.

College of Business Phase One Foundation:
Courses in parentheses are NIU undergraduate equivalent courses. Courses taken at off-campus sites include additional delivery fees. MAS (Leadership) students will enroll in the 500 level graduate course, if offered.

ACCY 505 (ACCY 206): Financial Accounting Concepts (2)
ACCY 207: Introductory Cost Management (3)
FINA 500 (ECON 260 + ECON 261): Survey of Business Economics (2)
FINA 505 (FINA 320): Fundamentals of Financial Management (2)
MGMT 505 (MGMT 333): Principles of Management (2)
MGMT 511 (MGMT 217): Legal Aspects of Business (2)
MKTG 505 (MKTG 310): Graduate Survey of Marketing (2)
OMIS 505 (OMIS 338): Principles of Operations Management (2)
OMIS 507 (OMIS 351): Business Information Systems (2)
OMIS 524 (UBUS 223): Business Statistics (2)
MATH 210: Finite Mathematics or a course in calculus

Note: OMIS 507 is met with ACCY 510A and ACCY 510S (see below). MGMT 511 is waived if credit is earned in MGMT 512, Advanced Topics in Business Law (see Phase Two courses).

All Business Phase One foundations should be completed prior to enrollment in Phase Two courses. Phase One exemption exams may be used to waive any or all of the above courses. You may attempt an exemption exam only once for a given Phase One course. For additional details about College of Business Phase One courses, please contact the MBA Program Office.


Accountancy Phase One Foundation:

The Accountancy Phase One requirements must be included in the student's program unless a grade of C or better has been earned in corresponding undergraduate courses, or the student has passed the first and only attempt of the Phase One exemption examination. A student with a baccalaureate degree in accountancy and acceptable undergraduate grades may have already satisfied Phase One Accountancy requirements. Exemption exams are available for ACCY 520, 531, 560, and 532. See Dr. John Simon concerning details for exemption exams.

A student must have a C or better in each Phase One accountancy course. A student enrolled in Phase One courses may take Phase Two courses at the discretion of the graduate adviser provided the student has successfully completed all prerequisites for the Phase Two courses and has maintained a 3.00 GPA in Phase One courses. However, any student who has not completed all Phase One courses must maintain a 3.00 GPA or above in all Phase One accountancy courses in order to register for any Phase Two course. None of the required Phase One accountancy courses may be counted as accountancy electives in Phase Two.

Accountancy Phase One Foundation:

   ACCY 510A (ACCY 310A): Accounting Information Systems (3)
   ACCY 510S (ACCY 310S): Accounting Information Systems Lab (1)
   ACCY 520 (ACCY 320): Intermediate Cost Management (3)
   ACCY 531 (ACCY 331): Financial Reporting (3)
   ACCY 560 (ACCY 360): Assurance Services (3)
   ACCY 532 (ACCY 432): Financial Reporting II (3)
   ACCY 550 (ACCY 450): Principals of Taxation (3)


Leadership MAS Program

Phase Two Requirements: 30 semester hours

The Leadership M.A.S. student selects specific courses leading to one of three tracks (financial reporting and assurance, managerial accounting systems, or taxation) or may work with the adviser to tailor a track for the student's specific academic and career goals. In addition to specific courses, all Leadership M.A.S. students must complete the professional development activities required by the program.

Ongoing curricular review could result in program changes and requirements during the term of matriculation, so please remain in close contact with departmental advisers.

Not all courses listed below are offered and not all courses are offered each term. Please refer to the suggested schedules in your packet. Courses taken at off-campus sites include additional delivery fees.

Students must earn a minimum GPA of 3.00. This average must be earned over all NIU graduate courses required in the student's program of courses (excluding Phase I deficiency courses taken for graduate credit), as well as, over all graduate work taken at NIU.

Financial Reporting and Assurance Track
ACCY 633, Advanced Financial Reporting
ACCY 650, Advanced Issues in Taxation
ACCY 664, Financial Statement Auditing
ACCY 670, Accounting Research
ACCY 675, Seminar in Accounting
ACCY 690, Accountancy Capstone/Financial Statement Analysis and Business Valuation
MGMT 615, Seminar in Managerial Leadership

Spring 2015 Admits

Fall 2014 Admits

Summer 2014 Admits

Spring 2014 Admits

Fall 2013 Admits

Summer 2013 Admits

Spring 2013 Admits

Nine College of Business elective hours, with at least three hours outside the Department of Accountancy.

Complete required professional development activities. See Professional Development Workshops for additional information.

Managerial Accounting Systems Track
ACCY 611, Advanced Accounting Information Systems
ACCY 622, Managerial Accounting Information Systems
ACCY 650, Advanced Issues in Taxation
ACCY 670, Accounting Research
ACCY 675, Seminar in Accounting
ACCY 690, Accountancy Capstone/Financial Statement Analysis and Business Valuation
MGMT 615, Seminar in Managerial Leadership

Nine College of Business elective hours, with at least six of these hours in Operations Management and Information Systems.

Complete required professional development activities. See Professional Development Workshops for additional information.

Taxation Track
ACCY 645, Professional Tax Research
ACCY 647, Corporate Taxation
ACCY 649, Partnership Taxation
ACCY 656, Tax Concepts and Property Transactions
ACCY 675, Seminar in Accounting
ACCY 690, Accountancy Capstone/Financial Statement Analysis and Business Valuation
MGMT 615, Seminar in Managerial Leadership

Nine College of Business elective hours, with at least three hours outside the Department of Accountancy.

Complete required professional development activities. See Professional Development Workshops for additional information.