Approved by: Graduate Council
Implementation Date: Spring 2015
Note: Deletions are strikethroughs. Insertions are underlined.
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Accountancy
- Master of Accountancy (MACC)
- MACC/JD Dual Degree (in conjunction with the Charlotte School of Law)
Department of Accounting
macc.uncc.edu
Coordinator
Dr. Jack Cathey
Graduate Faculty
Alan Blankley, Associate Professor
Hughlene Burton, Associate Professor and Department Chair
Jack Cathey, Associate Professor
Nabil Elias, Associate Professor
Keejae Hong, Assistant Professor
Howard Godfrey, Professor
David Kerr, Associate Professor
Kristin Luttecke, Assistant Professor
Patricia Mynatt, Clinical Professor
Suzanne Sevin, Clinical Professor
Casper Wiggins, Big Five Distinguished Professor
Master of Accountancy
The Master of Accountancy program is a multiple track program designed to prepare accountants for the rapidly changing expectations of the accounting profession. The program has three tracks: Professional Accounting, Financial Accounting/Auditing, and Tax. The program also includes the option for development of an individualized program of study. Completion of the Professional Accounting track or the Financial Accounting/Auditing track will enable students to pursue licensure in states requiring 150 semester hours.
Additional Admission Requirements
In addition to the general requirements for admission to the Graduate School, an acceptable score on the verbal and quantitative portions of the Graduate Management Admission Test (GMAT) is required for graduate study in Accounting. A Graduate Record Exam (GRE) score may be submitted in lieu of a GMAT score. UNC Charlotte undergraduate Accounting majors may be eligible for a waiver of this requirement and should contact the Program Director for additional information.
Degree Requirements
The program leading to the Master of Accountancy degree consists of 30 semester hours (10 graduate classes) of coursework. The 30 hours are divided into two components: accounting classes and elective classes. See the track descriptions below for more information on required and elective classes. Students enrolling in the program who do not have an undergraduate degree in accounting will have an additional two required classes resulting in a total of 12 classes or 36 hours of study.
Due to the importance of having a strong foundation in financial reporting, all MACC students are required to have earned a grade of B or better in Intermediate Accounting I and II. A maximum of six hours of transfer credit can be accepted from another accredited business school upon approval by the program coordinator and the Dean of the Graduate School. A 3.0 GPA is required in all courses taken for graduate credit and a maximum of three C's is permitted for continuation in the program. The residence requirement is satisfied by completion of at least three-fourths of the required courses while in residence. Neither a comprehensive examination nor a thesis is required.
Admission to Candidacy Requirements
An Admission to Candidacy form listing graduate-level courses that apply to the degree must be submitted to the Graduate Coordinator one month prior to the semester in which the student plans to complete the coursework for the degree.
Assistantships
Assistantships are available on a competitive basis.
Accounting Program Tracks
Professional Accounting Track
The Professional Accounting Track is designed for students who have an interest in preparing for careers in public accounting, consulting, and corporate accounting. The track is designed for students who do not have an undergraduate degree in accounting. It is also designed for students who have an undergraduate degree in accounting from outside of the United States. The program is offered in both full-time and part-time formats with classes offered both during the daytime and in the evenings. Students planning to pursue full-time study should plan to begin the program during the summer.
Prerequisite classes:
ACCT 3311 Intermediate Financial Accounting I (3)
ACCT 3312 Intermediate Financial Accounting I (3)
(or equivalents with a grade of B or above or permission of the MACC program coordinator)
The required classes for this track are:
ACCT 5311 Intermediate Financial Reporting I (3)
ACCT 5312 Intermediate Financial Reporting II (3)
(ACCT 5311 and ACCT 5312 or equivalent must be completed with a grade of B or above or permission of the MACC program coordinator before taking the other classes in the program.)
ACCT 5220 Income Tax (3)
ACCT 6120 Taxation of Corporations & Shareholders (3)
ACCT 6210 Advanced Accounting Info Systems (3)
ACCT 6220 Financial Statement Auditing (3)
ACCT 6230 Advanced Managerial Accounting (3)
ACCT 6260 Advanced Financial Accounting IReporting (3)
ACCT 6270 Advanced Financial Accounting IIAccounting for Business Combinations, Governmental, and Not-for-Profit Entities (3)
ACCT 6280 International Accounting Financial Reporting (3)
In addition to the required classes, a student is expected to complete twofour elective classes.
Financial Accounting/Auditing Track
The Financial Accounting/Auditing track is designed for students wishing to pursue careers in public accounting, consulting, and corporate accounting. The track is designed for students who have an undergraduate degree or equivalent in accounting from a U.S. university. The program is offered in both full-time and part-time formats with classes offered both during the daytime and in the evenings.
The required classes for this track are:
ACCT 6120 Taxation of Corporations & Shareholders (3)
ACCT 6220 Financial Statement Auditing (3)
ACCT 6260 Advanced Financial Accounting IReporting (3)
ACCT 6270 Accounting for Business Combinations, Governmental, and Not-for-Profit Entities Advanced Financial Accounting II (3)
ACCT 6280 International Accounting Financial Reporting (3)
In addition to the required classes, a student is expected to complete five elective classes.
Tax Track
The Tax track is designed for students who wish to specialize in taxation. Student can enroll in the Tax track with or without an undergraduate degree in Accounting. The program is offered in both full-time and part-time formats with tax classes offered in only the evenings.
Prerequisite classes:
ACCT 2121 Introduction to Financial Accounting
ACCT 4220/5220 Federal Taxation
(or equivalents)
The required classes for this track are:
ACCT 6110 Tax Research and Planning
ACCT 6120 Taxation of Corporations and Shareholders
ACCT 6130 Taxation of Pass-Through Entities
ACCT 6280 International AccountingACCT 6150 Tax Strategy and Policy
ACCT 6160 Advanced Individual Taxation
In addition to the required classes a student is expected to complete six five elective classes; at least two of those electives must be in taxation or accounting. Electives are available for students who wish to specialize in tax and also prepare for the CPA exam.
Individualized Track
The Individualized Track is designed for students with unique career and professional goals that are not met by the other tracks. Consultation with the Graduate Coordinator is required for this track.
Advising
Prior to, or concurrent with, the start of the first semester of study each student will be expected to complete a program of study listing each class the student expects to take as a part of the program.
Application for Degree
Each student should make application for his/her degree by completing the online Application for Degree through Banner Self Service no later than the filing date specified in the University Academic Calendar.
Program Certifications/Accreditation
The Belk College of Business and the Department of Accounting are accredited by The Association to Advance Collegiate Schools of Business (AACSB International).
MACC/JD Dual Degree
This Dual Degree Program allows students to earn a Master of Accountancy (MACC) degree from the Belk College of Business at UNC Charlotte and a Juris Doctor (JD) degree from the Charlotte School of Law in eight semesters of study.
Prospective dual-degree program students must apply separately to both UNC Charlotte and the Charlotte School of Law. Full-time students spend the first full year of study at either UNC Charlotte or the Charlotte School of Law. They then spend their entire second or third year at the other institution. For the remainder of the program, students take classes at both UNC Charlotte and the Charlotte School of Law. Each school grants nine (9) units of credit for courses taken at the other school.
Visit macc.uncc.edu and charlottelaw.org for additional information.
Courses In Accounting (ACCT)
ACCT 5220. Income Tax. (3) An introduction to the Federal income tax system with emphasis on concepts and procedures applicable to all types of entities. (Fall)
ACCT 5311. Intermediate Financial Reporting I. (3) Prerequisites: Introductory Financial Accounting (ACCT 2121) or equivalent. Analysis of the financial reporting requirements of corporations with emphasis on the conceptual framework and accounting for assets. Enrollment limited to students admitted to the MACC program. (Summer)
ACCT 5312. Intermediate Financial Reporting II. (3) Prerequisite: ACCT 3311 or ACCT 5311 with a grade of B or better. A continuation of ACCT 5311 with emphasis on financial reporting for liabilities and stockholder’s equity. Also a number of special topics including the accounting for investments and the statement of cash flows. Enrollment limited to students admitted to the MACC program. (Summer)
ACCT 6110. Tax Research and Planning. (3) Tax research techniques applicable to federal tax law affecting individuals, corporations and partnerships, including use of traditional and computerized tax services to solve tax problems. Emphasis on tax planning principles and related tax practice matters, including handling tax compliance issues and dealing with the Internal Revenue Service. (Fall)
ACCT 6120. Taxation of Corporations and Shareholders. (3) Examines the federal and state tax law applicable to corporations and their shareholders. The course covers tax compliance matters, strategies for minimizing tax liabilities and strategies for handling tax controversies. (Spring)
ACCT 6130. Taxation of Pass-Through Entities. (3) Tax law applicable to partnerships, Limited Liability Companies and S corporations, including tax compliance matters strategies for minimizing tax liabilities and strategies for handling tax controversies. (Fall)
ACCT 6140. Taxation of Estates, Gifts, and Trusts. (3) Wealth transfer taxes and taxation of estates and trusts, including integration of these taxes and tax planning opportunities for minimizing tax liabilities. (Summer)
ACCT 6150. Tax Strategy and Policy. (3) Tax strategies in all phases of business operations, including creation of the business, choice of the type of business entity, financing, operations, distributions to owners, expansion, reorganization and liquidation with emphasis on minimizing taxes and avoiding` tax traps. Analysis of business planning cases and completion of a comprehensive project with the results presented in both an oral and written report. (On demand)
ACCT 6160. Advanced Individual Taxation. (3) Focuses on topics related to the taxation of individuals to enable the student to better advise taxpayers on these matters, identify problem areas and assist in tax planning matters to minimize the amount of tax due. Topics include: passive loss limitation rules, interest categorization and limitations, individual alternative minimum tax, individual net operating loss rules and rules concerning divorced taxpayers. (On demand)
ACCT 6199. Topics in Taxation. (1-4) Topics in the area of taxation that go beyond the coverage in other existing courses by either addressing new tax issues or by delving more deeply into a tax topic. May be repeated for credit with change in topic. (On demand)
ACCT 6210. Advanced Accounting Information Systems. (3) Documentation and evaluation of current accounting information systems, evaluation of potential new systems, to extract data from existing systems from analysis, and examination of emerging technologies which have potential uses in accounting information systems. (Fall)
ACCT 6220. Financial Statement Auditing. (3) Analysis of the accounting control systems and the independent auditor's examination of the system and other evidence as a basis for expressing an opinion on financial statements. (Spring)
ACCT 6230. Advanced Managerial Accounting. (3) Management's use of and need for accounting information, which is necessary for effective managerial decision-making. Emphasis is on understanding managerial accounting information, specifically its purpose, its effect on managerial behavior, and its use in formulating and implementing strategy. Topics include: relevant information for activity and process decisions, and issues involved with management control system's design and operation. (Fall)
ACCT 6240. Business Environment, Governance, & Accountability. (3) This course examines a wide variety of topics related to the general business environment and business concepts. Topics to be addressed include corporate governance and control, information technology, managerial and cost accounting, economic concepts and analysis, strategic planning, financial management, and operations management. (Spring).
ACCT 6260. Advanced Financial Accounting IReporting. (3) Advanced concepts and practices in financial reporting with special emphasis on the use of accounting information in capital markets and accounting theory and research. In addition, the course will examine current topics and emerging issues in financial reporting. (Spring)
ACCT 6270. Advanced Financial Accounting IIAccounting for Business Combinations, Governmental, and Not-for-Profit Entities. (3) Advanced concepts and practices in financial reporting with special emphasis on business combinations, consolidated financial statements and financial reporting issues and practices for governmental and other not-for-profit entities. In addition, the course will examine current topics and emerging issues in financial reporting. (Fall)
ACCT 6280. International AccountingFinancial Reporting. (3) Examination of accounting standards under International Financial Reporting Standards (IFRS). (Spring)
ACCT 6291. Financial Statement Analysis. (3). The focus of this course is on analysis and interpretation of financial statements. This includes profitability and returns analysis, operating versus nonoperating performance evaluation, credit analysis (liquidity and solvency), reformulation of financial statements, forecasting of financial statements, analysis of off-balance-sheet financing, analysis of intercorporate investments, cash flow analysis, accounting-based equity valuation, cash-based equity valuation, market-based valuation, assessing earnings quality and earnings management, mergers and acquisitions, assessment of intangible assets, and credit ratings of debt securities. (Fall)
ACCT 6299. Topics in Financial Accounting and Auditing. (1-4) Topics in the area of financial accounting and auditing that go beyond the coverage in other existing courses by either addressing new issues or by delving more deeply into a topic. May be repeated for credit with change in topic. (On demand)