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The Master of Accounting 41
The Master of
Master of Accounting (MAcc) in a collegial, intellectually stimulating, and
Contact: Barbara Callaway or Hope Udombon supportive learning and working environ-
Office: Burruss Building 281 ment. Committed to innovative pedagogy
Phone: (770) 423-6087 and continuous improvement, the college
Fax: (770) 423-6141 seeks to offer undergraduate and gradu-
Email: [email protected]; ate programs of study that connect theory
[email protected] to practice, promote critical thinking, and
Web address: www.colesMBA.com engage students in active and collaborative
learning. Predominantly serving working
All graduate and undergraduate business degree residents of metropolitan Atlanta and the
programs at Kennesaw State University are broader Northwest Georgia region, we aspire
accredited by AACSB International—The Asso- to prepare our students to provide effective
ciation to Advance Collegiate Schools of Business and ethical business leadership in an increas-
(http://www.aacsb.edu). The accounting ingly complex, technologically sophisticated
degree programs also hold specialized AACSB and interdependent world. We select and
accounting accreditation. retain a diverse and talented pool of faculty
and staff who uphold the professional stan-
dards of their respective disciplines. Consis-
Mission Statement tent with our mission, Coles College faculty
produce quality applied, discipline-based and
Michael J. Coles College learning and pedagogical scholarship. We
of Business treat individuals with integrity and respect.
Faculty and staff are provided opportuni-
The Coles College of Business strives to pro-
ties for training, development, and career
vide high quality, applied business education
Revised February 23, 2004
42 The Master of Accounting
Explanation of Changes to the Students without an undergraduate business
or accounting degree may need to satisfy
MAcc Program
business foundation courses and accounting
The previous MAcc program requirements of 36
The Master of
prerequisites. Details follow.
credit hours included six required MBA courses
(18 hours) and six accounting and tax electives (18
hours). For many years, this structure reflected The Old MAcc Curriculum vs.
the accounting profession’s continually intensi- the New MAcc Curriculum
fying focus on business practices. Accounting Current students accepted and enrolled in
coursework was obviously viewed as important, the MAcc program prior to the 2005-2006
however, the business context was considered academic year and who have completed three
at least as important. The change from 36 to 30 or more graduate business courses should
credit hours is reflective of the renewed focus on continue to follow the catalog under which
accounting. they entered the program. However, recently
accepted and enrolled students who must
Over the past few years, though, the focus of complete accounting prerequisites and who
the accounting profession has shifted back to have not yet taken 8000-level graduate courses
what had been its traditional primary focus of must follow the new curriculum. Seek advice
accounting (both financial and managerial), from the Graduate Business Office.
auditing and information systems. This shift
was caused by recent financial reporting fail- Career Growth MBA Students
ures (Enron, WorldCom, etc.), coupled with The following parameters apply to MBA stu-
federal legislation (Sarbanes-Oxley) that was dents who wish to take 8000-level account-
intended to avoid future scandals and to pro- ing courses as their MBA electives: (See
vide appropriate sanctions against those who details in the program description below.)
violate the public trust. • Must complete ACCT 8000, which is a pre-
requisite for all MAcc graduate courses
The new focus on financial information qual-
• Must hold a baccalaureate degree in
ity distinguishes KSU’s MAcc program as
accounting or must complete all under-
highly responsive and relevant to the current
graduate accounting prerequisite courses
business environment. Our graduates will
required for MAcc students
have solid grounding in financial reporting
• May take ACCT 8990 as an elective only
enabling them to meet the demands of the
after completion of 12 hours (four 8000-
accounting profession.
level, graduate courses) including ACCT
8100 and ACCT 8400
The New Structure • May not use ACCT 8990 to satisfy MGT 8999
This new structure provides strong ground-
ing in the field of accounting and gives
General Requirements for
students the opportunity to pursue special-
ization in related fields such as information Admission to the MAcc Program
systems and tax. The 30 credit hours include Admission to the MAcc program is granted
• Five required accounting courses (15 hours) to those persons showing high promise of
• One required course in Business Negotia- success in graduate accounting study. The
tions (BLAW 8340, 3 hours) requirements for all applicants are:
• Four general elective courses (12 hours) • Baccalaureate degree from an institu-
• ACCT 8000 may not be used to satisfy MAcc tion accredited in a manner accepted by
degree requirements Kennesaw State University.
• Two must be accounting courses (ACCT) • Minimum cumulative adjusted grade point
• Two may be from KSU’s Career Growth average of 2.80 on a 4.0 scale.
MBA or Master of Science Information Sys- • Minimum total score of 500 on the Gradu-
tems (MSIS) programs ate Management Admissions Test (GMAT).
• Four may be tax courses (ACCT)
The Master of Accounting 43
• When there is a conflict in the indicators of specific course(s) for which transfer credit
success from the GPA and GMAT, exceptions is sought. A copy of the other institution’s
may be made if the applicant’s educational transcript and a course descrip-tion from
The Master of
background, excellence in performance in the catalog must be submitted. A course
outside activities, creativity and leadership, outline may also be required.
or accomplishments in business and profes-
sional activities are sufficient to indicate Grades
success in the program. At a minimum, a pro- Expectations for satisfactory graduate level
fessional résumé, two letters of recom-men- student performance are detailed in the Aca-
dation, and a personal statement of objectives demic Policies section of this catalog.
will be required to determine the appropri- Grades and hours earned in the business
ateness of an exception. foundation courses are included in computing
*International applicants have additional graduate grade point average. As and Bs are
requirements; see Graduate Admissions sec- expected.
tion of this catalog. Students who must take the undergraduate
accounting prerequisite courses must obtain
Transfer Credit an average grade of “B” or better in those
Students may transfer a maximum of six courses. Classes may be retaken to achieve
semester hours of graduate course work with this average.
grades of B or better taken at an institution
accredited in a manner acceptable to KSU pro- Petition to Graduate
vided the transfer hours are made prior to the Each MAcc student must petition to graduate
last 24 hours of course work. These courses the semester prior to completion of program
may be no more than six years old at the time requirements. To request a petition, use this form:
of acceptance, and they must be relevant to http://coles.kennesaw.edu/gbo/grad_petition.
the MAcc program. Special hardship cases, htm. The Graduate Business Office will prepare a
such as job transfers, will be decided on an petition and e-mail it to the student’s KSU e-mail
individual basis by the program director. The address. Directions on filing the petition with the
transfer of credit for course work completed Office of the Registrar are included.
at another institution will be approved only
under the following conditions:
Admission Criteria for Non-
1. The course was completed at an institution
Degree Students
accredited in a manner accepted by KSU.
Accounting professionals seeking to take
2. A minimum grade of “B” was received in
courses to meet continuing education require-
the course.
ments and others who wish to earn graduate
3. The course was restricted to graduate stu-
credit by taking MAcc courses, but who do
dents only.
not wish to work toward a MAcc degree, may
4. The content of the course corresponds to
apply for admission as a non-degree/post-
that of a course required or permitted in
baccalaureate student. The requirements for
the student’s program at Kennesaw State
admission to this status are:
• Baccalaureate degree from a school accred-
5. The credit to be considered for transfer will
ited in a manner acceptable to Kennesaw
not be more than six years old at the time the
State University, and
student enters Kennesaw State University.
• Minimum undergraduate adjusted grade-
6. A request for consideration of transfer
point average of 2.8 on a 4.0 scale.
credit must be submitted to the director
of the MAcc program by the student con- Since all applicable business foundation
cerned during the first semester of resi- courses and accounting prerequi-sites must
dence here. The request must indicate the be met prior to taking any graduate classes,
this option is primarily for those with an
44 The Master of Accounting
accounting degree and background. To apply, by the MAcc program director. A student
visit http://coles.kennesaw.edu/gbo, select must submit a satisfactory GMAT score upon
Applying to Kennesaw. Check “MAcc non- completion of nine semester hours in order to
The Master of
degree” on the application. Degree-seeking continue study in the MAcc program regard-
students are given priority in scheduling and less of grades achieved in courses completed
admission to classes. as non-degree.
Changing from Non-Degree to Readmission to the Master of
Degree Status Accounting
Students who wish to work toward a MAcc Any graduate student who has a break in
degree should not enter as non-degree/ attendance of one calendar year or more must
post-baccalaureate students. Only in special apply for readmission to the MAcc program.
circumstances will a student admitted as a Students applying for readmission must meet
non-degree/post-baccalaureate student be all admissions criteria in place at the time of
allowed to enter the MAcc program. In those readmission including minimum GPA and
rare cases where a student is subsequently GMAT scores. The six-year time limit for
accepted to the MAcc program, no more than degree completion applies. For details on
nine semester hours completed as a non- readmitting, see Readmission to Graduate
degree/post-baccalaureate student may be Study in the Graduate Admission section
applied toward the MAcc degree, and the of this catalog. Complete the application at
decision of whether to allow those hours to be https://www.applyweb.com/apply/ksu/
applied will be made on an individual basis menu.html. Select “Create Your Account.”
Master of Accounting
The Master of Accounting program is made up of these four course groupings: business foun-
dation courses, accounting prerequisites, core courses, and electives. All students complete the
required 18 credit hours of prescribed core accounting and business courses and 12 credit hours
of accounting electives for a total of 30 credit hours.
Those students without a bachelor’s degree in business may have to complete up to nine
additional credit hours of business foundation courses, while those students without an
undergraduate degree in accounting may have to complete up to 12 additional credit hours of
accounting prerequisite courses. Applicants admitted to the MAcc program are advised in their
acceptance letters which foundation requirements and/or accounting prerequisites, if any, must
be satisfied. Any business foundation courses must be completed before any graduate business
electives are taken. All accounting prerequisites must be completed before MAcc accounting
courses are begun.
Business Foundation Requirements
Foundation requirements are the knowledge and skills of a broad set of business disciplines
including accounting, business law, economics, finance, management, marketing, and statistics
and math. Academic preparation in these disciplines is necessary prior to advanced study in
business and accounting. A bachelor’s degree in business or accounting typically satisfies all
foundation requirements. As an alternative, the Coles College of Business offers three one-
credit-hour courses and two six-credit hour courses (for a maximum of nine credit hours) that
collectively satisfy these requirements. The course(s) required are determined for each student
based on a thorough analysis of college transcripts showing prior academic course work. This
table summarizes the foundation requirements and options for satisfying them.
The Master of Accounting 45
Foundation requirements … or by completing under- … which is the KSU
are satisfied by successfully graduate course(s) with a equivalent of …
completing … grade of “C” or higher in …
The Master of
GBA 6101-Accounting Financial accounting and ACCT 2100 and ACCT 2200
Foundations managerial accounting
GBA 6102-Finance Finance principles FIN 3100
GBA 6103-Statistics and Math Inferential statistics and ECON 2300 and MATH 1101
Foundations algebra
GBA 6201-Economics Microeconomics and ECON 2100 and ECON 2200
Foundations macroeconomics
GBA 6202-Management Management principles or MGT 3100 or MGT 4160
Foundations organizational behavior
GBA 6203-Marketing and Marketing principles and MKTG 3100 and BLAW 2200
Law Foundations business law and ethics
1. Undergraduate courses used to satisfy the foundation courses must be from an institution
accredited in a manner acceptable to the Coles College of Business.
2. Foundation requirements must be satisfied at the beginning of the MAcc program, typically
within the first or second semester of study.
3. Enrollment in 8000-level graduate courses is restricted until foundation requirements are met.
4. Creative scheduling enables students to complete six foundation courses in a single semester.
Courses are offered in fall and spring semesters only in sequential five-week segments. Two
courses are offered the first five weeks of the semester, two in the middle five weeks, and two
in the last five weeks.
5. Grades and hours earned in the GBA foundation courses are included in computing graduate
grade point average; however, none of the hours may be used to satisfy any portion of the
core or elective requirements or to meet the 30-credit-hour minimum degree requirement.
6. Admission to the MBA, MAcc, or WebMBA program is required to enroll in these courses.
7. Students preparing to sit for the CPA exam and who do not have an undergraduate or
advanced degree in business may choose to take undergraduate business courses in order
to meet the 24-hour minimum requirement of courses in business required by the CPA. (See
column three in the table above for course numbers.)
Credit Hours
Accounting Prerequisites Courses 12
Students without an undergraduate degree in accounting will have to complete up to 12
additional credit hours of accounting prerequisite courses. These four courses are:
•ACCT 3100 Intermediate Financial Accounting & Auditing* 3
•ACCT 3300 Accounting Information Systems* 3
•ACCT 4050 Intermediate Financial Accounting II* 3
•ACCT 4150 Auditing and Assurance* 3
46 The Master of Accounting
1. KSU students must earn an average grade of B or better in these courses. Courses may be
repeated to achieve the B average. Students may not take any 8000-level accounting courses
The Master of
until they have satisfied this requirement.
2. ACCT 3100 must be taken before ACCT 3300, 4050, and 4150. (All three may be taken
together.) Students may choose a maximum of two graduate courses (MBA; MSIS) to take
along with ACCT 3100.
3. Students who plan to concentrate in taxation must also complete ACCT 3200 Concepts in
Taxation or its equivalent. ACCT 3200 may be taken in conjunction with ACCT 3100.
4. ACCT 3100, 3300, and 4050 are offered each semester while ACCT 4150 is offered in fall and
spring semesters only.
5. Acceptable courses for students from other institutions include four courses (12 semester hours)
above the introductory accounting sequence (generally 3000- and 4000-level courses) that are
similar in content to the accounting prerequisites listed above. Students must earn an average
grade of B or better in these. Courses may be repeated at KSU to achieve the B average.
6. Undergraduate course numbers relate to KSU; equivalent courses may be completed at
other accredited institutions.
Core Requirements (six courses) 18
Before taking the following six required core courses, students must be admitted to the MAcc
program and have completed all required business foundation and accounting prerequisite
Credit Hours
1. ACCT 8100 Theory of Business Reporting 3
2. ACCT 8220 Issues in Managerial Accounting 3
3. ACCT 8230 Studies in Accounting Information Systems 3
4. ACCT 8400 Seminar in Auditing 3
5. BLAW 8340 Business Negotiation 3
6. ACCT 8990 Forensic Accounting (The Capstone Course) 3
1. ACCT 8990 is offered in spring semester only.
2. Before taking ACCT 8990, students must complete 12 hours (four graduate, 8000-level
courses) including ACCT 8100 and ACCT 8400.
3. Students must submit a request for permission to register for this course before priority
registration begins. Use this online form: http://coles.kennesaw.edu/gbo/mgt8999.htm.
Elective Requirements (four courses) 12
Students select a total of four electives from one of the following two options:
Option A: General Electives (four courses)
1. Students must select at least two elective courses from 8000-level courses with the ACCT
prefix including tax courses.
2. Students may select up to two 8000-level non-accounting courses included in KSU’s Career Growth
MBA Program except ACCT 8000, which may not be used to satisfy MAcc degree requirements.
3. With the approval of the accounting department chair, students wishing to emphasize in
information systems may take up to two elective courses related to that area of study that
are listed under the Master of Science Information Systems program (MSIS; IS prefix).
(Course descriptions are in this catalog.) Permission to register for such courses must be
obtained from the MSIS director.
The Master of Accounting 47
Credit hours
• ACCT 8110 Advanced Business Reporting 3
• ACCT 8270 Accounting and Legal Issues in International Business 3
The Master of
• ACCT 8300 Seminar in Valuation of Closely Held Businesses 3
• ACCT 8400 Seminar in Auditing 3
• ACCT 8900 Special Topics in Accounting 3
• ACCT 8940 Directed Studies in Accounting and Taxation 3
• ACCT 8950 Special Projects in Accounting 3
Option B: Tax Concentration (four tax courses)
1. Students planning to concentrate in taxation (ACCT 8510, 8520, 8530, 8550, or 8570) must first
complete ACCT 3200 Concepts in Taxation or its equivalent.
2. Students may elect to take all five tax courses and substitute one tax course for one of these
core courses: ACCT 8100, ACCT 8220, or ACCT 8230. Accounting prerequisites for these three
courses will not be waived.
• ACCT 8510 Tax Research and Procedure 3
• ACCT 8520 Corporate Tax and Shareholders 3
• ACCT 8530 Taxation of Flow-Through Entities 3
• ACCT 8550 Estate and Gift Taxation 3
• ACCT 8570 Selected Topics in Taxation 3
Program Totals (10 graduate courses) - 30
Program Totals (10 graduate courses, 4 accounting prerequisites) - 42
Program Totals (10 graduate courses, 4 accounting prerequisites, six business foundations) - 54
Core Offerings, ACCT 8990, and Electives:
Students may join the MAcc in any semester; core and elective courses are offered as follows:
* Fall Semester – ACCT 8100, ACCT 8220, and ACCT 8400
* Spring Semester – ACCT 8230, ACCT 8990, and BLAW 8340
* Electives are typically offered once a year.
Fast, Accelerated, and Self-Paced Tracks:
Students may move through the MAcc program on the fast track, accelerated track, or self-
paced track. These tracks include graduate classes only and assume all required business foun-
dation courses and/or accounting prerequisites have been met.
Fast Track – Students who begin graduate classes in summer or fall could complete the program
in one year (three semesters) if they complete the courses listed in these examples:
Beginning summer:
• Summer (2) Two electives
• Fall (4) ACCT 8100, ACCT 8200, ACCT 8400, one elective
• Spring (4) ACCT 8230, BLAW 8340, ACCT 8990, one elective
Beginning fall:
• Fall (4) ACCT 8100, ACCT 8200, ACCT 8400, one elective
• Spring (4) ACCT 8230, BLAW 8340, ACCT 8990, one elective
• Summer (2) Two electives
48 The Master of Accounting
Accelerated Track – Students who begin graduate classes in spring could complete the program in one
and one-half years (four semesters) if they choose the number of courses listed in these examples:
The Master of
Beginning spring:
• Spring (4) ACCT 8230, BLAW 8340, two electives
• Summer (2) Two electives
• Fall (4) ACCT 8100, ACCT 8200, ACCT 8400, one elective
• Spring (1) ACCT 8990
• Spring (3) ACCT 8230, two electives
• Summer (2) Two electives
• Fall (3) ACCT 8100, ACCT 8200, ACCT 8400
• Spring (2) BLAW 8340, ACCT 8990
Self-Paced Track – Students who prefer a self-paced track may take courses each semester that fit
their schedule as long as the program is completed within the allotted six year time limit.
selected computer analysis software. Topical
Course Descriptions coverage will include the descriptive statistics,
The figures shown after the course number and inferential statistics including business-related
title of the course signify the number of class hypothesis testing, college algebra fundamen-
hours per week, the number of laboratory hours tals, and statistical tools for managerial problem
per week, and the semester hours of credit for solving and decision making. NOTE: This course
the completed course. Thus, the entry 3-0-3 satisfies foundation requirements only.
denotes three hours of class, zero hours of labo- GBA 6201. Economics Foundations. 2-0-2.
ratory, and three hours of credit. This course will cover the basics of economics
necessary to understand the micro- and mac-
Business Foundation Course roeconomic environments of business. Topical
Descriptions: coverage will include price/output relationships,
income distribution and resource allocation
(These six courses do not count toward the
mechanisms, socioeconomic systems, national
30-credit hour degree requirements.)
income and employment, and money and bank-
GBA 6101. Accounting Foundations. 1-0-1. ing systems. NOTE: This course satisfies founda-
This course will cover the fundamental concepts tion requirements only.
of managerial and financial accounting. Topi-
GBA 6202. Management Foundations. 2-0-2.
cal coverage will include financial statement
This course will cover the basics of manage-
analysis, financial decision making, the use of
ment theory and practice. Topical coverage will
accounting information in managing a business,
include leadership, strategy, human resource
and managerial problem solving. NOTE: This
management, business planning, and operations
course satisfies foundation requirements only.
and service management. NOTE: This course
GBA 6102. Finance Foundations. 1-0-1. satisfies foundation requirements only.
This course will cover the fundamental concepts
GBA 6203. Marketing and Law Founda-
of corporate and managerial finance. Topical tions. 2-0-2.
coverage will include the time value of money, This course will cover the fundamental concepts of
valuation of bonds and stocks, financial analysis, business law, ethics, and environment, and the basic
working capital management, capital budgeting, concepts of marketing. Topical cover-age will include
and capital structure. NOTE: This course satisfies the Uniform Commercial Code (UCC), contracts,
foundation requirements only. managerial and business ethics, the role of business in
GBA 6103. Statistics and Math society, product planning, pricing, and promotional
Foundations. 1-0-1. activities, marketing research, physical distribution,
This course will cover the basics of inferen- and product and customer support. NOTE: This
tial statistics, math (principally algebra), and course satisfies foundation requirements only.
The Master of Accounting 49
Accounting Prerequisites Course stock compensation, and an examination of
financial statement analysis techniques.
(These courses do not count toward the 30-credit ACCT 8220. Issues in Managerial
The Master of
hour degree requirements. The prerequisites for Accounting. 3-0-3.
each course are for graduate business students only.) Prerequisite: Admission to the MAcc program or
ACCT 8000 or its equivalent.
ACCT 3100. Intermediate Financial A study of current issues and approaches to
Accounting & Auditing. 3-0-3. solving comprehensive problems in the area of
Prerequisite: ACCT 2100 and ACCT 2200. managerial accounting.
Focuses on problems and issues related to the collec-
tion, analysis, and reporting of external and internal ACCT 8230. Studies in Accounting
information. Includes theory and applications in Information Systems. 3-0-3.
financial accounting and auditing within the frame- Prerequisite: Admission to the MAcc program or
work of accounting as an information system. ACCT 8000 and ACCT 3300 or its equivalent.
Current issues in the area of accounting informa-
ACCT 3200. Concepts in Federal Taxa- tion systems including an overview of contempo-
tion. 3-0-3. rary information systems technology management.
Prerequisite: ACCT 3100 or equivalent.
Focuses on the fundamental principles and ACCT 8270. Accounting and Legal
concepts applicable to tax liability determination Issues in International Business. 3-0-3.
and tax planning, including an introduction to Prerequisite: Admission to the MAcc program or
tax research methodology. ACCT 8000 and ACCT 3300 or their equivalents.
An introduction to accounting, control and legal
ACCT 3300. Accounting Information issues unique to the planning, execution, control
Systems. 3-0-3. and evaluation of international business activities.
Prerequisite: ACCT 3100 or equivalent.
A continuation of accounting transaction pro- ACCT 8300. Seminar in Valuation of
cessing concepts; internal controls and systems Closely Held Businesses. 3-0-3.
analysis and design. Prerequisite: Admission to the MAcc program or
ACCT 8000 and ACCT 3300 or their equivalents.
ACCT 4050. Intermediate Financial An examination of the principles of business valu-
Accounting II. 3-0-3. ation, with an emphasis on the valuation of non-
Prerequisite: ACCT 3100 or equivalent. publicly traded, closely-held entities, including
A continuation of intermediate financial account- both corporate and non-corporate businesses.
ing theory and applications, wit

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