Master of Science in Accounting
About the Program/Admission Prerequisites
Master of Science: 45.0 quarter credits (for students entering with an undergraduate degree in accounting)
The MS program in Accounting, which can be completed in a one-year or two-year format, is designed to meet the needs of those who plan careers in public accounting, corporate accounting, not-for-profit accounting, or government accounting.
The one-year option is for students already awarded an undergraduate degree in accounting. Students who do not have an undergraduate degree in accounting can be considered for admission to the two-year Accounting program, where prerequisite courses are completed in the first year of study.
The MS in Accounting offers students the opportunity to obtain the technical knowledge, analytical skills and communication proficiency required to serve as ethical and effective accounting professionals. Upon completion of the program, students will be qualified to sit for the Certified Public Accountant (CPA) examination.
The program builds on knowledge equivalent to the requirements for a Drexel University baccalaureate degree in business with a concentration in accounting. Some or all of the prerequisite courses may be waived at the time of admission for those who have completed equivalent courses in their undergraduate education and who can demonstrate proficiency. Applicants must have earned a minimum grade of C in each of the following prerequisite courses:
| Prerequisite Requirements | ||
| ACCT 115 | Financial Accounting Foundations | 4.0 |
| ACCT 116 | Managerial Accounting Foundations | 4.0 |
| ACCT 321 | Financial Reporting I | 4.0 |
| ACCT 322 | Financial Reporting II | 4.0 |
| ACCT 323 | Financial Reporting III | 4.0 |
| ACCT 331 | Cost Accounting | 4.0 |
| ACCT 341 | Principles of Auditing | 4.0 |
| TAX 341 | Individual Income Taxes | 4.0 |
For Drexel University students planning on entering this program, they are expected to be at Drexel for five years (4 undergraduate years + 1 year for the MS degree) with one co-op residency as part of their combined BS/MS program. Students with undergraduate accounting degrees from non-AACSB accredited schools and non-US schools will be reviewed based upon the curriculum and its comparability to the LeBow undergraduate program. These students may be required to take additional prerequisite courses prior to being admitted to the MS in Accounting program. Further, while students with undergraduate degrees in accounting from non-US schools may be eligible for admission to the program, completion of the program will not necessarily make them eligible to sit for the CPA examination. These students will be responsible for assessing whether their academic backgrounds make them eligible to sit for the CPA examination.
Students with undergraduate degrees in areas outside of accounting can be considered for admission to the program only after they acquire the necessary prerequisite undergraduate accounting and/or business courses. These students should contact the LeBow Advising Office to determine what courses are needed to gain admission to the MS in Accounting program.
State CPA Requirements
Under the accountancy law that becomes effective in Pennsylvania in 2012, an individual interested in practicing as a CPA will be required to have the equivalent of 150 semester credit hours of university education and 36 semester-credits in accounting subjects. The MS in Accounting program satisfies this Pennsylvania state certification requirement. If students are interested in taking the CPA examination in another state (e.g. , Delaware, New Jersey, Maryland), they will need to work in conjunction with the relevant State Board of Accountancy, the Accounting Department, and the LeBow Advising Office to ensure their eligibility to sit for the CPA examination in their desired state.
Students should contact the Accounting Department for additional information.
1-Year Degree Requirements
| Required Core Courses | ||
| ACCT 600 | Accounting Analysis & Theory | 3.0 |
| ACCT 603 | Strategic Cost Management | 3.0 |
| ACCT 604 | International Financial Reporting | 3.0 |
| ACCT 605 | Assurance Services | 3.0 |
| ACCT 606 | Current Issues in the Accounting Profession | 3.0 |
| ORGB 625 | Leadership and Professional Development | 3.0 |
| BLAW 626 | Law for the CPA Exam | 3.0 |
| TAX 630 | Corporate Taxation | 3.0 |
| Select two of the following: | 6.0 | |
| Forensic Investigation | ||
| Government and Not-for-Profit Accounting | ||
| Accounting Information Systems | ||
| Tax Research | ||
| Business Elective Courses | 15.0 | |
| Students take any five (5) business courses from within the Lebow College of Business. | ||
| Total Credits | 45.0 | |
Students should contact the Accounting Department for additional information.
Two-Year Program: Degree Requirements
| Required Courses | ||
| ACCT 600 | Accounting Analysis & Theory | 3.0 |
| ACCT 601 | Managerial Accounting | 3.0 |
| ACCT 603 | Strategic Cost Management | 3.0 |
| ACCT 604 | International Financial Reporting | 3.0 |
| ACCT 605 | Assurance Services | 3.0 |
| ACCT 606 | Current Issues in the Accounting Profession | 3.0 |
| ACCT 625 | Financial Accounting Theory I | 3.0 |
| ACCT 626 | Financial Accounting Theory II | 3.0 |
| ACCT 627 | Financial Accounting Theory III | 3.0 |
| BLAW 605 | Legal Options in Decision Making | 3.0 |
| BLAW 626 | Law for the CPA Exam | 3.0 |
| ECON 601 | Managerial Economics | 3.0 |
| FIN 601 | Corporate Financial Management | 3.0 |
| ORGB 625 | Leadership and Professional Development | 3.0 |
| STAT 601 | Business Statistics | 3.0 |
| TAX 620 | Individual Taxation | 3.0 |
| TAX 630 | Corporate Taxation | 3.0 |
| Electives | 9.0 | |
| Students select an additional three elective courses. At least two courses must be ACCT or TAX. The following is a list of suggested electives. Students should consult with their program manager for the full list of appproved electives available each term.. | ||
| Forensic Investigation | ||
| Government and Not-for-Profit Accounting | ||
| Accounting Information Systems | ||
| Tax Research | ||
| Total Credits | 60.0 | |
Facilities
Major advances in the technologies used in the corporate world are being constantly matched by upgrades on campus. LeBow College classrooms and seminar rooms are designed as professional-quality settings for student discussions and presentations.
Centers of Excellence are catalysts for research and innovation, think tanks for nationally significant trends and issues, and incubators for opportunities in business and integration among disciplines. LeBow's Centers of Excellence provide students with meaningful experiential learning and impact the performance of business in our region and around the world.
- Center for International Business and Economics
- Center for Corporate Governance
- Sovereign Institute for Strategic Leadership
- Laurence A. Baiada Center for Entrepreneurship in Technology
- Center for Research Excellence
- Center for Teaching Excellence
The LeBow Network sponsors forums, lectures and events. These events enhance the educational experience and provide opportunities for students to meet and interact with fellow professionals
Student organizations such as LeBow Graduate Student Association (LGSA) and Drexel Women in Business (DWIB) make the LeBow experience more comprehensive.
Leonard Pearlstein Business Learning Center
Housed in the Center for Corporate and Executive Education in the state-of-the-art Leonard Pearlstein Business Learning Center at 33rd and Market, the Executive MBA program is LeBow's accelerated and integrated program designed to enable experienced professionals to leverage valuable work experience to maximize their leadership potential.
Made possible by a generous gift from George Krall '58 and his wife, Lois, the Center features the latest in classroom decor and technology, flexibly designed to comfortably accommodate business professionals.
Thanks to the gracious generosity of Drexel Trustee Melba Pearlstein and her family, LeBow students now have the distinct advantage of learning the intricacies of business in an ultramodern facility that combines high technology classrooms with a sophisticated corporate learning environment.
The Pearlstein Center includes:
- State-of-the art classrooms, flexibly designed to comfortably accommodate executives in classroom instruction.
- A multi-purpose room for breakout sessions, buffet lunches, or an additional classroom.
- A workroom where students may send/receive faxes, photocopy materials, prepare and revise classroom assignments and presentations.
Courses
ACCT 600 Accounting Analysis & Theory 3.0 Credits
Topics may include: economic and political aspects of the financial reporting standard setting process; agency theory and efficient markets hypotheses and their financial reporting implications; analysis of accounting information with an emphasis on accounting measurement issues and evaluating the quality of financial accounting information for use in accounting-related decisions.
Repeat Status: Not repeatable for credit
ACCT 601 Managerial Accounting 3.0 Credits
Discusses management accounting as part of the firm's information system, drawing on modern cost accounting and budgeting systems for planning and controlling business operations.
Repeat Status: Not repeatable for credit
Prerequisites: BUSN 501 [Min Grade: C] or (BUSN 505 [Min Grade: C] and BUSN 506 [Min Grade: C])
ACCT 603 Strategic Cost Management 3.0 Credits
Examines recent advances in cost management principles and applies these principles to practical situations. Also covers how management accounting tools can be utilized by management for tactical and strategic profit planning and control.
Repeat Status: Not repeatable for credit
ACCT 604 International Financial Reporting 3.0 Credits
Examines the international dimensions of financial reporting with primary emphasis on financial reporting and disclosure under International Financial Reporting Standards.
Repeat Status: Not repeatable for credit
ACCT 605 Assurance Services 3.0 Credits
Focuses on emerging issues related to assurance services and involves researching and resolving practice-oriented problems. In addition to other relevant topics selected by the instructor, the course covers issues related to the audit of a company's internal controls.
Repeat Status: Not repeatable for credit
ACCT 606 Current Issues in the Accounting Profession 3.0 Credits
This course focuses on key issues facing the profession. Students hear from speakers in the accounting profession about a variety of topics, including personal career issues, keys to professional success, and profession-wide developments.
Repeat Status: Not repeatable for credit
ACCT 607 Forensic Investigation 3.0 Credits
Study of the process of locating, investigating, and documenting fraud in a business environment. Topics include: discussion of criminal statues related to financial crimes, techniques used in solving financial crimes, interviewing, rules of evidence, sources of information, forensic accounting procedures, and current issues in financial investigations.
Repeat Status: Not repeatable for credit
ACCT 608 Government and Not-for-Profit Accounting 3.0 Credits
Topics may include: uses of fund accounting and budgeting in governmental entities; the financial reporting entity; elements of financial states; conceptual reporting issues for state and local governments; accounting and financial reporting for governmental and non-governmental not-for-profit organizations, including hospitals, universities, and voluntary health and welfare organizations.
Repeat Status: Not repeatable for credit
ACCT 625 Financial Accounting Theory I 3.0 Credits
Introduces preparation of the income statement and the balance sheet. Covers analysis and recording of business transactions and a detailed study of accounting for assets, liabilities, and equity.
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if major is ACCT.
ACCT 626 Financial Accounting Theory II 3.0 Credits
Provides intensive review of current accounting practice in light of authoritative pronouncements and critical study of theory and practice relating to preparing financial statements.
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if major is ACCT.
Prerequisites: ACCT 625 [Min Grade: C]
ACCT 627 Financial Accounting Theory III 3.0 Credits
Continues critical study of accounting theory and practice relating to financial statement items and selected accounting topics and covers theory and practice relating to advanced accounting topics, with emphasis on consolidated financial statements.
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if major is ACCT.
Prerequisites: ACCT 626 [Min Grade: C]
ACCT 631 Advanced Managerial Accounting 3.0 Credits
Examines recent advances in cost management, applies strategic cost management principles to practical situations, and provides an appreciation of the importance of accounting information in managerial decision-making and planning.
Repeat Status: Not repeatable for credit
Prerequisites: ACCT 601 [Min Grade: C]
ACCT 640 Auditing Theory & Philosophy 3.0 Credits
Covers theory and concepts underlying financial audits, including the auditor's role in society, concepts of professional ethics and legal liability, application of underlying concepts to audits of financial statements, and auditors' reports.
Repeat Status: Not repeatable for credit
Prerequisites: ACCT 621 [Min Grade: C]
ACCT 650 Accounting Information Systems 3.0 Credits
Examines the relationships and distinctions between accounting information systems (AIS) and the total management information system, with major emphasis on computerized AIS. Covers oral and written communication, objectives and procedures of internal control, proper system documentation through flowcharts and other techniques, and systems analysis and design methodologies.
Repeat Status: Not repeatable for credit
ACCT 698 Special Topics 0.5-9.0 Credits
See department for course description.
Repeat Status: Can be repeated multiple times for credit
Prerequisites: ACCT 111 [Min Grade: C] or ACCT E311 [Min Grade: C] or ACCT 511 [Min Grade: C] or BUSN 501 [Min Grade: C]
ACCT 699 Independent Study 0.5-4.0 Credits
Independent Study.
Repeat Status: Can be repeated multiple times for credit
Prerequisites: ACCT 601 [Min Grade: C] or ACCT 602 [Min Grade: C] or ACCT 620 [Min Grade: C]
ACCT 790 Seminar in Accounting 3.0 Credits
Examines selected accounting topics from the standpoint of historical background, current theory, and future application to financial reporting. Requires oral and written reports.
Repeat Status: Not repeatable for credit
Prerequisites: ACCT 621 [Min Grade: C]
ACCT 910 Research Methods in Accounting 3.0 Credits
Provides in-depth analysis of the application of research methodologies in accounting.
Repeat Status: Not repeatable for credit
Prerequisites: ECON 901 [Min Grade: C] and MGMT 904 [Min Grade: C]
ACCT 921 Empirical Research in Accounting I 3.0 Credits
An introduction to empirical research concerning financial accounting and the capital markets.
Repeat Status: Not repeatable for credit
Prerequisites: ECON 901 [Min Grade: C]
ACCT 922 Empirical Research in Accounting II 3.0 Credits
This course builds upon the material in ACCT 921 and examines topics in empirical research in financial accounting and the capital markets.
Repeat Status: Not repeatable for credit
Prerequisites: ACCT 921 [Min Grade: C]
ACCT 931 Behavioral Research in Accounting I 3.0 Credits
Seminar involving an in-depth analysis and critique of the experimental design, conclusions, use and choice of subjects, and statistical techniques of judgment and decision-making in accounting.
Repeat Status: Not repeatable for credit
Prerequisites: MGMT 904 [Min Grade: C]
ACCT 932 Behavioral Research in Accounting II 3.0 Credits
Seminar involving an in-depth coverage of accounting research utilizing experimentation designs to examine issues such as instrument development.
Repeat Status: Not repeatable for credit
Prerequisites: MGMT 904 [Min Grade: C]
ACCT 990 Special Topics-PhD-Accounting 0.5-9.0 Credits
College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit
ACCT 998 Dissertation Research in Accounting 1.0-12.0 Credit
College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit
ACCT 999 Independent Study in Accounting 3.0 Credits
ACCT Independent Study.
Repeat Status: Can be repeated 3 times for 9 credits






