Accounting

Major: Accounting
Degree Awarded: Master of Science in Accounting (MS)
Calendar Type: Quarter
Total Credit Hours: 45.0 quarter credits (for students entering with an undergraduate degree in accounting); 63.0 quarter credits (for students entering without an undergraduate degree in accounting)
Classification of Instructional Programs (CIP) code: 52.0301
Standard Occupational Classification (SOC) code: 13-2011; 13-2080

About the Program

The MS in Accounting program, 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 program 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 eligible to sit for the Certified Public Accountant (CPA) examination.

The one-year (45.0 quarter credit) option is for students already awarded an undergraduate degree in accounting from an AACSB accredited business school. Students who do not have an undergraduate degree in accounting can be considered for admission to the two-year (63.0 quarter credit) program, where prerequisite courses are completed in the first year of study.

The one-year program builds on knowledge equivalent to the requirements for a Drexel University baccalaureate degree in business with a major in accounting. Applicants must have earned a minimum grade of C in each of the following prerequisite courses and an overall GPA of 3.0 (B) or above. Appropriate syllabi to support transcripts must be submitted for admission consideration. 

Prerequisite Requirements
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
ACCT 321Financial Reporting I4.0
ACCT 322Financial Reporting II4.0
ACCT 323Financial Reporting III4.0
ACCT 331Cost Accounting4.0
ACCT 341Principles of Auditing4.0
TAX 341Individual Income Taxes4.0

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 two-year program or to the one-year program only after they acquire the necessary prerequisite undergraduate accounting and/or business courses. These students should contact the LeBow Graduate Student Services to determine what courses are needed to gain admission to the MS in Accounting program.

State CPA Requirements

Students planning to take the CPA exam should review the educational requirements established by the State Board of Accountancy in the state in which they plan to sit for the examination. Students are qualified to sit for the examination in Pennsylvania by meeting the degree requirements above. Students planning to apply for a CPA license in Pennsylvania need to obtain 225.0 quarter credit hours, the equivalent to 150.0 semester hours. Students should contact the Accounting Department for additional information.

One-Year Program: Degree Requirements 

Required Core Courses
ACCT 600Accounting Analysis & Theory3.0
ACCT 604International Financial Reporting3.0
ACCT 605Assurance Services3.0
ACCT 606Current Issues in the Accounting Profession3.0
BLAW 626Law for the CPA Exam3.0
Select three of the following:9.0
Strategic Cost Management
Forensic Investigation
Government and Not-for-Profit Accounting
Advanced Financial Accounting
Accounting Valuation Issues
Internal Auditing
Accounting Information Systems
Statistics for Business Analytics
Individual Taxation
Corporate Taxation
Concentration - Must select 4 courses from approved list12.0
Business Analytics
Aligning Information Systems and Business Strategies
Inter-Active Decision Support Systems
Information Systems Outsourcing Management
Managerial Decision Models and Simulation
Multivariate Analysis
Data Mining for Business Analytics
Finance Concentration
Advanced Financial Management
Mergers and Acquisitions
Corporate Governance
Entrepreneurial Finance
International Financial Management
Comparative Financial Analysis
Tax Concentration
Tax Research
Tax Practice and Procedure
Advanced Corporate Taxation
Partnership Taxation
Estate and Gift Taxation
Tax Accounting
State and Local Taxation
Research Concentration
Introduction to Accounting Research
Mathematical Economics
Econometrics
Microeconomics
Applied Regression Analysis
Multivariate Analysis
Business Elective Courses9.0
Students take any three (3) business courses from within the LeBow College of Business. Students should consult with their program manager for the full list of approved electives available each term.
Total Credits45.0

Students should contact the Accounting Department for additional information.

Two-Year Program: Degree Requirements

Required Courses
ACCT 600Accounting Analysis & Theory3.0
ACCT 601Managerial Accounting3.0
ACCT 604International Financial Reporting3.0
ACCT 605Assurance Services3.0
ACCT 606Current Issues in the Accounting Profession3.0
ACCT 625Financial Accounting Theory I3.0
ACCT 626Financial Accounting Theory II3.0
ACCT 627Financial Accounting Theory III3.0
ACCT 631Cost Accounting 3.0
ACCT 640Auditing Theory and Philosophy3.0
BLAW 626Law for the CPA Exam3.0
ECON 601Managerial Economics3.0
FIN 601Corporate Financial Management3.0
STAT 610Statistics for Business Analytics3.0
TAX 620Individual Taxation3.0
Electives6.0
Students select an additional two elective courses. The following is a list of suggested electives. Students should consult with their program manager for the full list of approved electives available each term.
Strategic Cost Management
Forensic Investigation
Government and Not-for-Profit Accounting
Advanced Financial Accounting
Accounting Valuation Issues
Internal Auditing
Accounting Information Systems
Corporate Taxation
Concentration - Student must select 1 Track and 4 courses from the approved list 12.0
Business Analytics
Aligning Information Systems and Business Strategies
Inter-Active Decision Support Systems
Information Systems Outsourcing Management
Managerial Decision Models and Simulation
Multivariate Analysis
Data Mining for Business Analytics
Finance Concentration
Advanced Financial Management
Corporate Governance
Entrepreneurial Finance
Mergers and Acquisitions
International Financial Management
Comparative Financial Analysis
Research Concentration
Introduction to Accounting Research
Mathematical Economics
Econometrics
Microeconomics
Applied Regression Analysis
Multivariate Analysis
Taxation Concentration
Tax Research
Tax Practice and Procedure
Advanced Corporate Taxation
Partnership Taxation
Estate and Gift Taxation
Tax Accounting
State and Local Taxation
Total Credits63.0

Sample Plan of Study (1 year)

First Year
Term 1Credits
ACCT 600Accounting Analysis & Theory3.0
ACCT 604International Financial Reporting3.0
Accounting elective3.0
Concentration course3.0
 Term Credits12.0
Term 2
BLAW 626Law for the CPA Exam3.0
Accounting electives6.0
Concentration course3.0
 Term Credits12.0
Term 3
ACCT 605Assurance Services3.0
ACCT 606Current Issues in the Accounting Profession3.0
Accounting elective3.0
Concentration course3.0
 Term Credits12.0
Term 4
Accounting electives6.0
Concentration course3.0
 Term Credits9.0
Total Credit: 45.0

Sample Plan of Study (2 years)

First Year
Term 1Credits
ACCT 625Financial Accounting Theory I3.0
ECON 601Managerial Economics3.0
STAT 601Business Statistics3.0
 Term Credits9.0
Term 2
ACCT 601Managerial Accounting3.0
ACCT 626Financial Accounting Theory II3.0
FIN 601Corporate Financial Management3.0
 Term Credits9.0
Term 3
ACCT 627Financial Accounting Theory III3.0
ACCT 631Cost Accounting 3.0
ACCT 640Auditing Theory and Philosophy3.0
TAX 620Individual Taxation3.0
 Term Credits12.0
Second Year
Term 4
ACCT 600Accounting Analysis & Theory3.0
ACCT 604International Financial Reporting3.0
Elective3.0
Concentration 3.0
 Term Credits12.0
Term 5
BLAW 626Law for the CPA Exam3.0
Elective 3.0
Concentration6.0
 Term Credits12.0
Term 6
ACCT 605Assurance Services3.0
ACCT 606Current Issues in the Accounting Profession3.0
Concentration 3.0
 Term Credits9.0
Total Credit: 63.0

Accounting Faculty

Maureen Breen, MAS, MBA (University of Illinois at Urbana-Champaign; Drexel University). Assistant Clinical Professor.
Hsihui Chang, PhD (University of Minnesota) KPMG Professor of Accounting.
Hiu Lam Choy, PhD (University of Rochester). Associate Professor. Financial accounting.
Anthony P. Curatola, PhD (Texas A&M University) Joseph F. Ford Professor of Accounting. Professor. Federal and state income tax policy, retirement income taxation, fringe benefits taxation, educational savings and tax incentives, federal and state income tax research.
Xin Dai, PhD (University of Minnesota). Assistant Professor.
Patricia L. Daniel Derrick, PhD (The George Washington University). Assistant Clinical Professor.
Hubert Glover, PhD (Texas A&M University). Associate Clinical Professor. International financial reporting.
Barbara Murray Grein, PhD (Kenan-Flagler Business School, University of North Carolina) Department Head, Accounting and Tax. Associate Professor. Auditing, auditor selection, audit adjustments, audit fees, corporate governance, financial reporting.
Curtis M. Hall, MBA (University of Arizona). Assistant Professor. Strategic cost management; corporate governance; capital markets research in accounting; human capital investment.
Kevin K. Jones, DBA (Georgia State University). Assistant Clinical Professor.
Natalya V. Khimich, PhD (University of California at Berkeley). Assistant Professor. Equity valuation, earnings quality, and accounting for innovation and intangible assets.
Stacy Kline, MBA (Temple University). Clinical Professor. Individual, corporation; S corporation and partnership taxation.
Gordian Ndubizu, PhD (Temple University). Professor. Financial accounting.
Duri Park, PhD (Ohio State University). Assistant Professor. Financial accounting, insider trading, investments, and cash holdings.
Bernhard Reichert, PhD, CPA (University of Texas at Austin). Assistant Professor. Behavioral research in accounting and experimental economics.
Mark Vargus, PhD (Wharton School, University of Pennsylvania). Assistant Professor. Capital market research and executive compensation.
Jennifer Wright, MTA (Villanova University) Assistant Department Head, Accounting and Tax. Associate Clinical Professor.
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