Master of Accountancy in Financial
Accounting
Program Overview
C. Daniel Stubbs, Jr., MBA, CPA
Director, MAccy - FA
Master of Accountancy in Financial Accounting
CPA 150-Hour Licensing Requirement
Currently 47 of 54 licensing jurisdictions require 150 credit hours.
Candidates can sit for the Uniform CPA Exam after completion
of their undergraduate degrees in 22 of the 47 jurisdictions,
but are required to complete 150-hour educational
requirement prior to being licensed.
Alternatives:
(1) undergrad degree and selected courses
(2) structured program with advanced degree
Key source for NJ Education Requirements:
http://www.njscpa.org/students/exam/edreq.cfm
Key source for NY Education Requirements:
http://www.op.nysed.gov/prof/cpa/cpa150hour.htm
Master of Accountancy in Financial Accounting
Why a Masters Degree
• Competition: Many of your peers in public acctg will have
completed a 150-hour program and received a Masters
degree
• Success: Pass rate of candidates sitting for Uniform CPA
Examination with advanced degrees is significantly
higher than candidates w/o advanced degrees
• LT Compensation: IMA salary survey indicates increased
earnings for accountants with combo of certification and
graduate degree
• Career: Promotions to partner and corporate managerial
positions increasingly (naturally?) go to candidates with
graduate degrees
Master of Accountancy in Financial Accounting
Design of Rutgers Alternative
• Starting dates at public accounting firms (pushed to Fall
and January – no Summer starts)
• Core courses in summer – classroom only (NB and
Newark cohorts)
• Distance learning courses in Fall/Spring
• Advanced standing for undergraduate courses on 3:2
basis
• Basically 24 hours of additional course work required for
Masters, assuming acceptance of 6 hours of Advanced
Standing for qualifying undergraduate courses (upper
level courses)
Master of Accountancy in Financial Accounting
Core Courses
• Decoding of Corporate Financial Communications
– Strengthen ability to understand/interpret financial reporting
• Advanced Auditing & Accounting Information Systems
– Increase familiarity with IT audit methodology
• Accounting for Digital Era
– Increase understanding of accounting information evolution
• Contemporary Issues in Corporate Governance
– Strengthen appreciation of roles/motivation of management and
regulators
• Advanced Accounting Research
– Hands-on familiarity with tools
Master of Accountancy in Financial Accounting
Program Course Offerings
•
CORE
1. Advanced Auditing & AIS
2. Decoding of Corporate Financial Communications
3. Accounting for Digital Era
4. Contemporary Issues in Corporate Governance
5. Advanced Accounting Research
•
ELECTIVES
6. Advanced Tax Research
7. Business Valuations
8. Ethics in Business
9. Forensic Accounting
10. Litigation Support & Bankruptcy
11. Governmental Accounting and Auditing
12. Management Controls in Not-for-Profit Organizations
Master of Accountancy in Financial Accounting
Advanced Standing
• Allows credit to be given for courses taken at the
undergraduate level (3:2 ratio)
• Graduates still need a total of 150 credits for licensure
• Acceptance criteria guidelines
– Upper division courses only to qualify
– Undergraduate electives which are an appropriate substitute for
graduate courses offered as electives
• Some examples
– Ethics
– Governmental Accounting
– Federal Tax II
Master of Accountancy in Financial Accounting
Financial Aid
The Financial Aid Office has designed a program for students
admitted to the Master of Accountancy in Financial
Accounting
Contact Person in Financial Aid Office:
Maria C. Correia
Assistant Manager, Financial Aid
Blumenthal Hall, Room 302
973-353-5151 or mcorreia@rci.rutgers.edu
Master of Accountancy in Financial Accounting
Staff Contact Information
C. Daniel Stubbs, Jr., Director
Rutgers Business School – Newark and New Brunswick
One Washington Park, Room 910
Newark, NJ 07102
Phone: 973-353-1011
E-Mail: stubbs@business.rutgers.edu
Trudy-Ann Morris-Hewitt, Program Assistant
Department of Accounting, Business Ethics and Information Systems
Rutgers Business School - Newark and New Brunswick
One Washington Park, Room 911B
Newark, NJ 07102
Phone: 973-353-1029
E-mail: morris-hewitt@business.rutgers.edu