Course Requirements

If you hold an accounting degree from an accredited domestic business program, you may complete the degree in as few as 30 credit hours.  The 30 credit hours can be completed in one year.*

If you enter the Lamar MS in Accounting program with an undergraduate degree in business from an accredited business school, you will likely have satisfied the business leveling course requirements and may complete the degree in as little as 45 credit hours. 

If you have no previous undergraduate study in business and want to become CPA exam-ready, you may complete the Lamar MS in Accounting degree in as few as 63 credit hours.

Typically students without a business background will take the 6 Accounting prerequisite courses including ACCT 2301 (with a “B” or better), the 7 MBA leveling courses (or their equivalent) and the 10 courses required by the MS in Accounting degree.

In addition to satisfactorily completing the course requirements, you  must pass an exit exam comprising three parts: Auditing, Financial Accounting and Regulation.

Traditional MSA

MSA Accounting Leveling Courses

ACCT 2301 Introduction to Financial Accounting

Concepts of financial accounting. Emphasis is on the conceptual framework of accounting and the preparation and uses of financial statements.  Prerequisites:  Sophomore standing, MATH 1314

ACCT 3370 Systems and Practical Applications

An intensive examination of manual and computer accounting systems. Students will use extensive manual and computer practice sets.  Prerequisite:  ACCT 2301 with a "B" or higher

ACCT 3310 Intermediate Accounting I

Analysis of theory and its applications in the areas of cash, temporary investments, receivables, inventories, plant and intangible assets, long-term investments, current liabilities and revenue recognition.  Prerequisite:  ACCT 3370 with a "B" or higher

ACCT 3320 Intermediate Accounting II

Continuation of ACCT 3310 with emphasis on long term debt, short term liabilities, leases, pensions, owner's equity and earnings per share.  Prerequisite:  ACCT 3310 with a "C" or higher

ACCT3380 Taxation Accounting I

Provisions of the income tax code as applied to individuals: taxable income; gains and losses; capital gains; dividends; expenses; itemized deductions; depreciation; losses; and credits.  Prerequisite:  ACCT 2301 with a "C" or higher

ACCT4300 Auditing

Introduction to the theory of auditing, with emphasis on generally accepted auditing standards (GAAS) and PCAOB standards and the profession’s Statements on Auditing Standards. Understanding of the types of reports issued by auditors and the circumstances which would occasion the issuance of each. Also, discussion of the role of internal auditors and operational and compliance audits.  Prerequisite:  ACCT 3320 with a "C" or higher.

 

 

Business Leveling Courses

BCOM 3350 Business Communications

Emphasis on practical applications of business writing and speaking scenarios. Course covers how to write memos, letters, resumes, analytical reports, and how to give a professional oral presentation.

BUAL 2310 Business Analysis I (or equivalent)

Introduction to the quantitative methods of analysis to business problems. Topics of study include collection of data, statistical description, probability theory, probability distributions, sampling theory, estimation of parameters and testing hypothesis.

ECON 2301 Principles of Economics I Macro

Emphasizes monetary theory; national income analysis; fluctuation and growth; public finance; international trade; and current economic problems.

ECON 2302 Principles of Economics II Micro

Introduction to economic principles; allocation of resources; determination of output and prices; distribution; and managerial economics.

ECON 5300 Foundation of Micro Economics

Introduction to economic principles, allocation of resources, determination of output and prices, distribution and managerial economics.

BULW 3310 Business Law

A survey of the legal environment and its impact upon business. Nature and sources of law, administrative and enforcement agencies, and governmental regulations. Students become aware of the legal framework of common business transactions.

FINC 3310 Principles of Finance (or equivalent)

An introductory survey of the principal issues, decision areas, and analytical procedures relevant to the financial management of private business firms including capital budgeting, cost of capital, short and long-term financing, dividend policy and valuation.

MKTG 3310 Principles of Marketing (or equivalent)

A description and analysis of business activities designed to plan, price, promote and distribute products and services to customers. Topics studied include: the marketing environment, consumer buying habits and motives, types of middlemen, marketing institutions and channels, governmental regulations, advertising and current marketing practices.

MGMT 3310 Principles of Organizational Behavior and Management (or equivalent)

Includes the study of organization behavior concepts such as leadership, motivation, individual behavior, group behavior and communication. Their use in U.S. and multinational organizations in management practice is examined in the context of today's legal, social and ethical environment.

MSA Core Courses

ACCT 5300 Advanced Financial Accounting
Analysis of special problems and theories relative to corporate mergers and acquisitions; consolidated financial statements; and partnerships. A major team research project and oral presentation is required.

ACCT 5310 Financial Accounting Research and Procedures
A study of advanced topics in financial accounting and reporting. Focuses on complex corporate reporting issues. Emphasizes the development of skills and knowledge necessary to conduct professional research and to identify appropriate accounting treatment of complex issues. Entails not only the study of current financial reporting and disclosure requirements, but will include controversial and emerging practices. This course also discusses the methods employed to determine defensible solutions to problems in federal taxation.  Emphasis is placed upon research methodology, proper documentation of research findings and effective communication of research findings to interested parties.  Oral and written reports are required.

ACCT 5320 Regulation and Professionalism
This course will study the professional and legal responsibilities and the legal implications of business transactions, particularly as they relate to accounting and auditing, and the skills needed to apply that knowledge.

ACCT 5330 Advanced Auditing
Advanced study of the role of auditors as a profession. In depth discussion of professional ethics and liability to clients and other third parties. Study of audit failures, employing the case method. Also, the use of statistical sampling methods in auditing.

ACCT 5350 Entity Taxation
Theory and practice of the tax treatment of corporations, partnerships, LLCs, S corporations and estates and trusts.

BULW 5340 Business Ethics
This course covers any right/wrong actions taken by corporations. It covers areas such as: business law (e.g. Sarbanes-Oxley); public policy (e.g. SEC guidelines); organizational ethics (e.g. corporate governance) and corporate social responsibility (e.g. obligations to community and stakeholders). Both descriptive and normative models of unethical and ethical decision making in business are analyzed to assist the student as a potential business person in an effect to make more informed ethical decisions. Additional reading and cases relevant to the accounting profession are also included

ACCT 5175 Professional Accountancy Capstone
This course is designed to prepare students to successfully complete the Financial and Regulations sections of the uniform CPA examination through in-depth analysis and application of accounting theory in the areas of financial accounting and taxation. Course content includes a review of accounting transactions of corporations and not for profit organizations as well as tax issues pertaining to individuals, partnerships, corporations and estates. Students are exposed to a significant number of CPA exams questions in the multiple choice and simulations formats.

Prescribed Accounting Electives (Select 2 or 3 courses from the following):

ACCT 5325 Fraud Examination & Forensic Accounting Principles
Survey of the field of forensic accounting and fraud examination focusing on the skills required by accounting professionals to identify, detect and prevent fraud. On a daily basis, businesses are subject to fraud. This course will prepare students to answer the questions most frequently associated with fraud including: Who committed the fraud? Why was the fraud perpetrated? How was the fraud executed and concealed? The topics covered include: fraud detection and investigation techniques, types of fraud, sources of evidence, risk factors, deterrence, whistleblowers, legal concepts, and ethnics.

ACCT 5335 Partnership Taxation
This course addresses major concepts used in partnership taxation. Course content includes the principles of partnership tax laws and regulations, from formation to operations including disposition of partnership interest, partnership distributions, and inside and outside basis. The planning and business aspects of partnerships are emphasized.

ACCT 5345: Oil & Gas Accounting
Analysis of accounting principles related to the oil and gas industry.

ACCT 5361 Financial Statement Analysis
This course provides a basis for determining firm value. Students are introduced to fundamental analysis concepts and techniques that can be used to critique and interpret the financial health of the firm. The course integrates research in the areas of accounting, finance, and management which has proved useful in the financial analysis of organizations.

ACCT 5375 Advanced Accounting Information Systems
This course presents systems concepts and their application in the design, implementation, control, and audit of accounting information systems, including computerized systems.

ACCT 5380/81 Accounting Internship (up to 6 hours)
Combined academic and work components allow students to gain experience in the professional field of accounting. Course supervised by a graduate faculty member and appropriate personnel of the approved organization. The student will keep a diary comprising a chronological list of all work experience gained in the internship. The student writes a paper demonstrating the knowledge gained in the internship.

MBA Electives (2/3 courses) 6 to 9 Hours to be taken from MBA non-accounting, non-leveling offerings