Master of Accounting Curriculum

Loyola's accounting program is accredited by Association to Advance Collegiate Schools of Business (AACSB-International). The Association is the only agency that accredits accounting programs in the United States and only 181 of the 694 AACSB-accredited programs around the world have a separate accreditation for accounting.*

Loyola's accounting program is among the best in the nation, achieving 8th best performance in our enrollment category in 2012 according to the National Association of State Boards of Accountancy (NASBA). Fifty one candidates with Loyola bachelors-level degrees presented themselves as first-timers for one or more of the four sections of the CPA exam. The pass-rate was 74.5%, the highest among all first-timers with bachelor's degrees from any Maryland institution.

Obtaining the CPA credential provides many high quality employment options for students, including careers in public, corporate, managerial, and government accounting, corporate finance, consulting, non-profit management, and law enforcement. The Sellinger School's Master of Accounting (MAcc) program provides a clear path to both a master level credential and requisite credit hours to be licensed.

The MAcc is a 10 course, 30 credit-hour program designed to enhance students':

  • Technical accounting skills
  • Verbal and written communication skills
  • Ability to engage in sound, ethical decision-making
  • Curriculum design that increases the rate of learning, motivation and commitment to excellence through a cohort-style learning environment.
  • Experiential learning via opportunities for students to obtain paid, full-time internships
  • Advanced study in the major areas of accounting (financial, managerial, information systems, auditing, and taxation)
  • Co-curricular opportunities:
       (1) Link students to accounting professionals (e.g., mentoring)
       (2) Enhance students' technical skills (e.g., advanced training in Excel)
       (3) Make graduates career ready (e.g., advanced training in presentation skills)

Design/Delivery

A sample academic year of the program is outlined below.  

Fall
Spring
Summer
 
AC 701
Advanced International Accounting 

AC 700
Ethics for Accounting Professionals

AC 702
Advanced Financial Accounting

AC 708
Advanced Finance 

AC 703
Performance Measurement and
Strategic Cost Management
AC 704
Tax Research

AC 710
Professional Communications

AC 707
SEC Reporting
AC 705
Advanced Accounting
Information Systems

 Elective Options (Take 1 in any term):

AC 709
Accounting Internship
AC 711
Seminar in Accounting Practice
Free Elective

Students accepting offers from firms paying for CPA exam review:

When you accept an offer of employment, the firm or company may offer to pay for your CPA exam review materials. Becker CPA Review is often the company of choice by several firms. To help you successfully complete this review, we have coordinated with Becker to directly bill employers that offer this benefit (currently 80% of Loyola MAcc hiring firms). For this reason, we recommend that students wait to purchase the CPA Review until after the interview process. 

Recommended schedule for CPA exam preparation during the MAcc program:

  • November/January - Study for FAR
  • Mid-January - Take FAR
  • January-February - Study for AUD
  • Early March - Take AUD
  • March-April - Study for REG
  • Early May - Take REG
  • May - June - Study BEC
  • Early June - Take BEC

 

For more information on Loyola's MAcc program, contact us at 410-617-5067 or macc@loyola.edu. One of our advisors will be glad to speak with you.



As chair of the Accounting Advisory Board and a future employer of accounting students, I’m excited this new program will offer a clear path to completion of the 150-hour requirement, in addition to building a pipeline of very qualified CPAs for years to come.

—Christine Aspell, BBA & Partner, KPMG LLP

The new MAcc curriculum is focused on developing deeper technical, communication and decision making skills, providing graduates crucial tools for successful careers in public accounting and beyond.

—Bob Jirsa, BA ’77, Partner, RSM US LLP

RSM has a long and very successful relationship with Loyola - supporting its programs, its faculty and staff, and its students. Over the years, we have recruited many of our most successful professionals from Loyola’s undergraduate and graduate programs. As a Loyola alumnus myself, I’m always proud when another Loyola student or alumnus joins the Firm.

—Robert J. Callens, ’81, Partner, RSM US LLP

While earning a Masters will almost certainly qualify a student to earn his or her CPA license, the true benefit such programs provide comes from a truly increased depth of knowledge.

—John Peter Krahel, Ph.D., Assistant Professor of Accounting

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