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Graduate Catalog 2015-16


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The Master of Science in Accountancy (MSA) degree program provides an advanced professional plan of study designed to prepare individuals for careers as professional accountants in public accounting, industry, or the not-for-profit and governmental sectors. The degree program provides graduates with the skills and knowledge needed (1) to enter the accounting field and (2) to form a foundation for advancement to the highest levels of the profession. Completion of this program will provide, in most cases, the educational qualifications required to sit for the Uniform Certified Public Accountant Examination. Upon completion of the MSA program, candidates should have acquired the technical knowledge that will serve as a basis for preparation for the relevant professional examination required for certification as a Certified Public Accountant, Certified Management Accountant, or Certified Internal Auditor.

The MSA program builds upon the student's general education and foundation knowledge of business and accounting to provide a deeper understanding and greater knowledge of business and accounting, including specific areas of study. In addition, the program emphasizes the development of problem-solving, reasoning, and analytical abilities, as well as communication and other interpersonal skills.

The MSA program is designed to be completed on either a full-time or part-time basis. Full-time students with a recent undergraduate degree in accounting normally can complete the program courses and elective requirements in 1 year. Part-time students with a recent undergraduate degree in accounting normally can complete the program courses and elective requirements in 2 years. Depending on the number of courses taken each semester, students with undergraduate degrees in non-business fields can complete the program and elective requirements in 2 to 4 years.


Applicants for admission to the MSA program must meet one of the following admission standards:

1. Applicants for admission to the MSA program who have earned an undergraduate accounting degree from a program with separate AACSB accounting accreditation and an overall GPA of 3.5 (A=4.0) will be admitted to the MSA.  Applicants who qualify under this condition will no be required to take the GMAT or GRE and can apply to the MSA any time after the start of the final semester of their undergraduate accounting program. 

2. All other applicants for admission to the MSA program must meet the requirements for admission to the Graduate School and must complete the GMAT or the GRE.  Candidates who submit GMAT scores must have a minimum score of 500 and a score of at least 25 each on the verbal and quantitative portions of the examination.  Based on the formula where the admission score equals 200 times the undergraduate grade point average (A=4.0) plus the GMAT score, admission requires a total score of 1100.  If a candidate submits GRE scores, the scores will be converted to comparable GMAT scores using the GRE Comparison Tool for Business Schools –  The converted scores must meet the GMAT and formula standards outlines above.

International applicants  must meet the University’s requirement for the Test of English as a Foreign Language (TOEFL) or the International English Language Testing Systems (IELTS).

Applicants with non-accounting undergraduate degrees can satisfy the programs prerequisite requirements by completing appropriate undergraduate prerequisite courses or by completing the Online Transition Courses.

Undergraduate Prerequisite Courses

Applicants can satisfy the program’s prerequisite requirements by completing the following admission prerequisite courses, or their equivalent, with a grade point average of 2.7 or better: ACCT 200 or 524, ACCT 301, 302, 303, 311, 312, 315, and 321. These courses do not carry credit toward the MSA degree. Prerequisite courses taken prior to admission to the MSA program ordinarily must have been taken within 6 years of the date the applicant is admitted. An MSA student undertaking prerequisite courses may be terminated from the program if (1) the student's grade point average calculated over all prerequisite courses taken at SIUE falls below 2.7 for more than 1 semester, (2) the student receives a grade of less than C in any prerequisite course, or (3) the student fails to make satisfactory progress.

Online Transition Courses:

Applicants can also opt to satisfy the program’s prerequisite requirements by completing the Online Transition Courses.    The following six courses will be offered:

ACCT 524 – Accounting for MBAs (3)
ACCT 501 – MSA Intermediate Financial Accounting I (3)
ACCT 502 – MSA Intermediate Financial Accounting II (3)
ACCT 503 – MSA Cost Accounting (3)
ACCT 504 – MSA Accounting Systems (3)
ACCT 505 – MSA Income Taxation (3)

Students who take Online Transition Courses must earn grades of “B” or better in each transition course.  An MSA student undertaking the Online Transition Courses may be terminated from the program if (1) the student earns two grades of less than “B” in transition course, (2) the student earns a grade of less than “C” in any transition course, or (3) the student fails to make satisfactory progress.

Successful completion of the MSA program requires that the candidate have excellent written and oral communication skills and an aptitude for analyzing complex problems. In addition, computers will be used extensively in the program. Weaknesses in communication skills, computers, or statistics should be corrected through remedial courses or self-study prior to seeking admission to the program.


The MSA degree requires completion of a minimum of 30 semester hours of course work and a maximum of 48 hours beyond the prerequisite courses. No more than 12 hours of 400-level course work may apply toward elective requirements of the MSA degree. Specific courses, or their equivalents, used to satisfy a student's undergraduate degree requirements may not be used by that student in satisfying the program or elective requirements of the MSA degree. No more than 9 elective hours taken outside the School of Business will count toward the MSA degree. At the discretion of the program director, a maximum of 6 semester hours of elective requirements may be satisfied by transfer of credit from other institutions. For transfer credit, a grade of B or better must have been earned in the course. Ordinarily, business courses may be transferred only from institutions accredited by American Assembly of Collegiate Schools of Business. Courses transferred may not have been used to satisfy requirements for any other degree.

Each student’s program of study must be approved by his or her graduate adviser. The program of study consists of three parts following completion of all admission prerequisites:

(1) Foundation Courses (up to 18 semester hours): For students not having completed appropriate courses in the business disciplines within a reasonable time prior to admission, course work will be determined after evaluation of prior courses completed in the area and grades received in those courses, the time since completion of the prior course work, and other evidence of currency of their business knowledge. Determinations of deficiencies made by the program director are final. An undergraduate business degree from SIUE, or the equivalent, completed within 6 years prior to admission to the MSA program normally will satisfy the foundation course requirements.

(2) Program Courses (9 hours): ACCT 510, 580 (taken in the last semester of study), and one of the following courses: ACCT 531, 541, 561.

(3) Elective Courses (21 hours; the same course may not be used to meet both the program course and elective course requirements):

(a) Accounting Electives (6 to 12 hours; at least 3 hours in courses numbered above 530): ACCT 401, 431, 531, 541, 550, 551, 553, 556, 557, 561, 565, 567, 581, 597.

(b) Other Electives (9 to 15 hours; no more than 9 hours outside the School of Business): CMIS 468, 472, 520, ; ECON 415, 417, 445, 450, 461, 515, 528, 535, 543, 545, 561; FIN 440, 450, 541, 542, 543, 550; MGMT 551, 553, 561, 575, 580; MBA 531, 532, 533, 534; additional courses with the approval of the program director (may include courses outside the School of Business).

To remain in good standing in the MSA program, students must maintain a 3.0 (B) grade point average in all courses taken in the MSA program (excluding prerequisite courses) and in all program and approved elective courses. Students who are not in good standing for more than one semester may be terminated from the program.

To graduate with the MSA degree, students must complete all program requirements and have a 3.0 grade point average in all courses taken in the MSA program (excluding prerequisite courses) and in all program courses and approved elective courses. Only program and elective courses taken within a 6-year period preceding the completion of all requirements for the MSA degree will count toward the degree. Foundation courses taken to provide the common body of knowledge in business must be taken within an 8-year period preceding the completion of all requirements for the degree.



MSA Students may opt for a specialization in taxation. To complete the tax specialization, MSA students should complete ACCT 510 and 580, any one of ACCT 531, 541,or 561 as a program course, and the following electives: ACCT 550 Tax Research, ACCT 553 Taxation of Flow-Through Entities, ACCT 556 Personal Tax Planning, ACCT 557 Corporate Taxation.



MSA Students may opt for a specialization in business analytics.  To complete the specialization, MSA students must complete ten graduate courses including ACCT 510 and ACCT 580, any one of ACCT 531, 541, or 561, and satisfy the following Business Analytics requirements:

One course in Quantitative Methods (MBA 521 or ECON/FIN 515)

One course in Information Fundamentals (CMIS 526, ACCT 561, ECON/FIN 517 or MKTG 544)

CMIS 566 – Introduction to Business Intelligence and Analytics

Two (2) electives from the following courses: ACCT 565, CMIS 563, CMIS 564, ECON 581, FIN 525, FIN 541, MKTG 548, MKTG 560, MKTG 562, MKTG 595;

CMIS 567 - Business Analytics Capstone (3)

Depending on course selections, students may need one additional accounting elective and/or one additional free elective.


A significant research project resulting in a written report and a final examination based on the approved program of study are required of each student to be awarded the MSA degree. Both requirements will be completed as part of the requirements for ACCT 580. A satisfactory grade must be received on both the research report and final examination for completion of the degree requirements.

Ordinarily, the final examination will be administered as part of ACCT 580. The examination will include questions related to the students' program of study, their work in ACCT 580, and their research projects. Some parts of the final examination may be common to all students, while other parts will relate to the individual programs of study of the specific students. Examination committees will consist of the instructor of ACCT 580 and two other members of the Graduate Faculty of the School of Business appointed by the program director. For a student to pass the final examination, at least two of the three members of the examination committee must concur that the student should receive a passing grade.

Students who do not pass the MSA final examination on the first attempt will have one additional opportunity to complete the final examination. A student who fails the final examination on the second attempt will be required to complete additional course work specified by the program director before attempting the final examination a third time. Students who do not pass the final examination after three attempts will be terminated from the program.

Each student’s program will be tailored to that individual so all students can follow their interests through integrated sequences of courses. The entire program is designed to place emphasis on critical thinking, research, and problem-solving. Therefore, the research requirement is not meant to be viewed as the isolated requirement of a single course but the culmination of the student's program of study.

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