Accounting

Degree Offered: Master of Accounting

Degree Offered: Master of Accounting
Director: James Byrd, Ph.D.
Phone: (205) 934-8829
E-mail: jimbyrd@uab.edu
Website: www.uab.edu/mac

The Department of Accounting and Finance (ACFN) in the Collat School of Business is proud to offer a Master of Accounting (M.Ac.) program that holds a separate accreditation by the Association of Advance Collegiate Schools of Business (AACSB), the highest honor a business school can achieve for its accounting programs.

Courses in the program are offered in the classroom primarily in an evening format, with some classes having an online option. A completely online program is also offered. More information on the online program can be found at businessdegrees.uab.edu.

High-achieving UAB accounting undergraduate students interested in pursuing the M.Ac. degree should consider the UAB Fast-Track Master of Accounting Program. Details are outlined below.

Admission

To obtain specific admissions requirements on how to apply to Graduate School, prospective students should visit this page:

https://www.uab.edu/business/home/master-of-accounting/mac-admission  

The course requirements are listed under the M.Ac. tab, above.

Admission Requirements

1. A bachelor's degree from an institution that is AACSB or regionally accredited, received within the five-year period immediately preceding the desired term of enrollment (or a bachelor's degree in any discipline from a regionally accredited institution). Applicants who do not have an undergraduate accounting degree will be required to complete up to nine foundation courses in addition to the classes listed in the Program Description section of the catalog and will be required to earn at least a B in the foundation courses numbered 300 or above for admission to the M.Ac. The courses which must be completed are listed below. Students may be eligible to receive the Certificate in Accounting upon completion of these courses.

  • AC 200     Principles of Accounting I
  • AC 201      Principles of Accounting II
  • AC 300     Financial Accounting I
  • AC 304     Accounting Information Systems
  • AC 310     Financial Accounting II
  • AC 401      Cost Accounting
  • AC 402     Income Taxation I
  • AC 423     External Auditing
  • AC 430     Financial Accounting III
International Applicants' prerequisite requirements:

   Please note that only courses covering US Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), and U.S. Taxation will be accepted as meeting prerequisite requirements. Applicants without these courses will be required to complete the prerequisite courses at UAB (listed above).

2.  A minimum score of 500 on the Graduate Management Admission Test (GMAT) administered by the Graduate Management Admission Council (GMAC, www.gmac.com) within the five-year period immediately preceding the desired term of enrollment. The GMAT is waived for UAB accounting graduates and other students with an overall GPA of 3.4 or higher who take all of the foundation accounting courses at the undergraduate level at UAB.

The GMAT requirement may also be waived by the M.Ac. Director if one of the following conditions apply:

  •  Applicant earned or will have earned an undergraduate accounting degree from an AACSB accredited institution and have achieved an overall GPA of 3.4 or higher.
  • Applicant is completing the accounting bridge program at UAB.
  • Applicant has an advanced degree in a business related field (e.g. MBA) from an AACSB accredited institution.
  • Applicant has a terminal degree in another discipline.
  • Applicant has a professional accounting certification (CPA or equivalent) which requires continuing professional education.
  • Applicant has significant (3-5 years) experience at the executive level.

3.  Satisfactory academic performance as measured by the undergraduate accounting grade point average (3.0 or higher). [Note: UAB undergraduates planning to pursue the M.Ac. degree should take AC 423  as their accounting elective. If they do not take AC 423 , they should plan to take AC 523  as an elective in the M.Ac. program before taking AC 606 .]

Application Deadlines

Fall Semester: August 1st

Spring Semester: December 1st

Summer Semester: May 1st

Required Documents

  • Application form including 2 evaluation forms/letters of reference
  • Current resume/CV detailing work experience
  • Official transcripts from all colleges and universities attended (including dual enrollment and Community Colleges) sent directly by the Registrar or responsible head of the institution to the UAB Graduate School, LHL G03, 1720 2nd Ave. S., Birmingham, AL 35294-0013. Transcripts may also be sent electronically to gradschool@uab.edu.
  • GMAT score* sent directly from the testing agency. Institution code: 1CB5S61
  • 500 word Statement of Purpose

International Applicants
The following additional documents are required of international applicants:

A minimum composite score of 80 with a minimum score of 20 in each section of  the Test of English as a Foreign Language (TOEFL) administered by the Educational Testing Service (ETS, www.toefl.org) within the five-year period immediately preceding the desired term of enrollment. We will also accept an IELTS score of 6.5 in lieu of the TOEFL.

Financial Affidavit of Support

Immigration documentation if currently residing in the United States, or proof of citizenship if currently a U.S. citizen.

A transcript evaluation report prepared by Educational Credential Evaluators, Inc. (ECE,www.ece.org) or World Education Services (WES, www.wes.org)

Full Time Student Enrollment Status

To be enrolled as a full-time graduate student, a student must register for at least 9 semester hours in the fall, spring, and summer semesters. http://catalog.uab.edu/graduate/enrollment/. If a student is enrolled in courses offered in a 7-week format, those credit hours are applied toward the 9 semester hour requirement for the entire 14-week term. 

Example: If a student is enrolled in 6 credit hours in the Spring A term (first 7 weeks) and 3 credit hours in the Spring B term (second 7 weeks), the university recognizes this student to be enrolled in 9 semester hours for the entire period (14-week term), and of full time status.

Fast-Track Master of Accounting Program

The Fast-track Master of Accounting (M.Ac.) Program is open to high-achieving undergraduate students pursuing a BS degree in accounting at UAB. Students admitted to the Fast-Track M.Ac. Program can take up to 12 hours of graduate courses at undergraduate tuition rates while they are completing their Bachelor’s degree in accounting and have these graduate courses count toward the M.Ac. degree as long as A’s or B’s are earned in the courses.  After earning the BS degree, students in the Fast-Track Program continue pursuing the M.Ac. degree as described above.  Students in the Fast-Track M.Ac. program are not required to take the GMAT.

Fast-Track M.Ac. Program Admission Requirements

To be admitted to the Fast-Track Master of Accounting Program, students must:

  • Have completed at least 36 hours of coursework at UAB.
  • Be within 45 hours of graduation.
  • Have a cumulative GPA of 3.5 or higher.
  • Have completed the following courses with at least a “B” in each course and have at least a 3.3 average in the three courses:

AC 300     Financial Accounting I

AC 304     Accounting Information Systems

AC 310     Financial Accounting II

Students who think they are eligible for the Fast-Track M.Ac. Program should contact the M.Ac. Program Director at the Collat School of Business.

Early Acceptance Program

Early Acceptance Programs are designed for academically superior high-school students. Early Acceptance Programs allow high achieving students to be admitted to the Master of Accounting (M.Ac.) program at the same time they are admitted to an undergraduate program.

Eligible students are required to maintain a 3.5 undergraduate GPA and complete the following pre-requisite courses: AC 200, AC 201, AC 300, AC 304, AC 310, AC 401, AC 402, AC 423, and AC 430.

Uniform CPA Examination

Eligibility requirements for sitting for the Uniform CPA examination vary among the states and territories.  For detailed information about these requirements, please contact the National Association of State Boards of Accountancy (NASBA) at https://nasba.org/stateboards/. The state of Alabama, through its Accountancy Laws and the Alabama State Board of Public Accountancy (ASBPA, www.asbpa.alabama.gov/), requires that applicants for the Uniform CPA Examination hold a baccalaureate degree from an accredited institution and possess a total of 120 semester hours of postsecondary education, including at least 24 semester hours of accounting in specified areas at the upper-division or graduate level. The UAB 120-hour undergraduate accounting program does not provide all of the classes needed for a 150 hour CPA licensure in Alabama. The M.Ac. combined with either the 24-hour bridge (outlined under Admission Requirements) or an undergraduate program will provide the necessary hours.

Other Professional Accounting Certifications

Other examinations leading to professional certification (CMA, CIA, CFE, CISA, etc.) generally do not require academic course work beyond the baccalaureate degree. Students interested in other accounting certifications should contact any member of the accounting faculty for further information.

Master of Accounting

RequirementsHours
Required Courses (5)
AC 580Advanced Financial Accounting3
AC 600Financial Accounting Research3
AC 606Advanced Auditing and Attestation3
AC 612Governance and the Business Environment3
AC 620Tax Research3
Elective Courses -Choose Five From:15
Internal Auditing 1
Governmental and Not-for-Profit Accounting
External Auditing 1
Financial Accounting III 1
International Accounting: From a User's Perspective 1
International Accounting: Study Abroad 1
Accounting Internship 1
Fraud Examination 1
Forensic Accounting Practicum 1
Advanced Information Technology Auditing
Introduction to Cyber Security
Information Security Management
Cyber Attacks and Threat Mitigation
Incident Response and Business Continuity
Digital Forensics
Legal Elements of Fraud Investigation
Business Law for Accountants
Information Security Management
Social Media and Virtual Communities in Business
Data Science for Business
Total Hours30

Courses

AC 500. Financial Accounting I. 3 Hours.

Accounting cycle, environment of financial accounting, conceptual framework of financial accounting, financial statements, time value of money, cash and receivables. Enrollment requires permission of the M.Ac. Program Director.

AC 501. Cost Accounting. 3 Hours.

Basic Theory and procedures involving cost determination, analysis, and control. Cost allocations, applications of overhead, budgeting, standard costs, job order, process and byproduct costing, spoilage, and quantitative techniques.Enrollment requires permission of M.Ac. Program Director.

AC 502. Income Taxation I. 3 Hours.

Fundamentals and basic concepts of various entities, with emphasis on federal income taxation of individuals. Enrollment requires permission of M.Ac. Program Director.

AC 504. Accounting Information Systems. 3 Hours.

Transaction processing cycles of accounting system; internal control, development, and control of information systems; emerging development of information technology. Enrollment requires permission of the M.Ac. Program Director.

AC 510. Financial Accounting II. 3 Hours.

Continuation of AC 500. Inventories, plant assets, intangible assets, current liabilities, long term debt and stockholders' equity, dilutive securities, earnings per share, and investments. Enrollment requires permission of M.Ac. Program Director.

AC 513. Internal Auditing. 3 Hours.

Theory and practice of internal auditing and application of internal auditing principles and techniques to selected audit problems. Enrollment requires permission of M.Ac. Program Director.

AC 514. Governmental and Not-for-Profit Accounting. 3 Hours.

Special features of budgetary and fund accounting as applied to municipalities, other government units, and to other non-profit entities.

AC 523. External Auditing. 3 Hours.

Study of the external audit function and the essential standards that govern audit practice. Enrollment requires permission of M.Ac. Program Director.

AC 530. Financial Accounting III. 3 Hours.

Dilutive securities, earnings per share, investments, accounting for income taxes, accounting changes and error analysis, statement of cash flows, retirement benefits, leases and selected disclosures. Enrollment requires permission of the M.Ac. Program Director.

AC 540. International Accounting: From a User's Perspective. 3 Hours.

Development of international accounting knowledge needed to make informed decisions in global business environment.

AC 541. International Accounting: Study Abroad. 3 Hours.

Development of intrnational accounting knowledge needed to make informed decisions in global business environment through study abroad.
Prerequisites: AC 540 [Min Grade: C]

AC 557. Business Law for Accountants. 3 Hours.

This course is an elective for students in the Collat School of Business. It addresses the mechanics and application of the Uniform Commercial Code with emphasis on sales, commercial paper, and secured transactions; legal principles regarding trusts and estates, insurance, and business organization; and expanded treatment of the law of contracts.
Prerequisites: LS 246 [Min Grade: C]

AC 564. Accounting Internship. 3 Hours.

Work experience enabling students to better integrate academic knowledge with practical applications by exposure to accounting practice and business environment.
Prerequisites: GPAO 03.0

AC 572. Information Technology Auditing. 3 Hours.

Introduction to the practice of information technology auditing. An emphasis is placed on information technology auditing standards and methodology, as well as guidance on auditing general computer controls and application controls.

AC 573. Fraud Examination. 3 Hours.

Advanced forensic accounting concepts with a primary focus on occupational fraud and abuse--its origins, perpetration, prevention, and detection.

AC 574. Forensic Accounting Practicum. 1-3 Hour.

Work experience requiring the application of forensic accounting concepts and methods.
Prerequisites: AC 573 [Min Grade: C] and LS 571 [Min Grade: C]

AC 580. Advanced Accounting. 3 Hours.

Business combinations, consolidated financial statements, multinational accounting, and partnerships.
Prerequisites: AC 430 [Min Grade: B]

AC 590. Advanced Topics in Accounting. 3 Hours.

Contemporary professional accounting issues.

AC 600. Financial Accounting Research. 3 Hours.

Consideration of recent pronouncements from various authoritative bodies such as the FASB and SEC through research projects and case discussions.

AC 606. Advanced Auditing and Attestation. 3 Hours.

Development of auditing to its present statue; authoritative bodies influencing auditing; new developments. Preq: Admission to M.Ac. program or graduate standing and approval of the M.Ac. program director.

AC 612. Governance and the Business Environment. 3 Hours.

This course examines the process by which individuals inside and outside a publicly-traded or other complex organization seek to govern the organization’s activities, including boards of directors, shareholders, management, independent auditors, internal risk managers, and the Securities and Exchange Commission.

AC 620. Tax Research. 3 Hours.

Basic and advanced research tools in taxation; ethics in taxation, analysis of the tax research process and selected parts of the Internal Revenue Code and Regulations; tax planning techniques. Admission to Master of Accounting program required. MBA students with an accounting undergraduate degree can take the course with the permission of the instructor.

AC 649. Directed Research. 3 Hours.

Supervised study of topics not covered in regular courses.

AC 672. Advanced Information Technology Auditing. 3 Hours.

IT auditing with a focus on the role of IT audit in the financial audit profession, professional standards, and professional organizations. An emphasis on IT audit methodology as applied to financial audits and other public accounting audit services. Preq: Graduate standing, or permission of the instructor.

Faculty

Ashour, Samar, Assistant Professor of Finance 2020, 2017, BA, MBA (Tanta University, Egypt), PhD (University of Texas at Arlington)
Byrd, Jim, Instructor of Accounting, Program Director, MAc, 2013, B.S. (Auburn), M.B.A. (Georgia State), M.A., Ph.D. (UAB), CPA, CHFP
Edmonds, Christopher, Associate Professor of Accounting, 2013, B.S. (Colorado State), M.B.A. (UAB), Ph.D. (Virginia Tech)
Edmonds, Jennifer, Associate Professor of Accounting, 2013, B.S. (Birmingham-Southern), M.Acc., Ph.D. (Virginia Tech)
Edmonds, Mark, Assistant Professor of Accounting, 2016, BS, MA (UAB), PhD (Southern Illinois)
Fu, Richard, Associate Professor of Finance, 2006, Ph.D. (Georgia Institute of Technology)
Grant, Gerry, Visiting Associate Professor (Accounting and Finance), Accounting Information Systems
Hamrick, Jennifer, Assistant Professor, 2019, BS (Birmingham-Southern College), MAc (Auburn), PhD (Mississippi State University)
Leece, Ryan, Associate Professor of Accounting, 2014, BS (University of Minnesota); MA (University of North Carolina), PhD (Virginia Tech)
Messina, Frank M., Alumni and Friends Professor of Accounting, 1993, B.S. (University of West Alabama), M.Acc., Ph.D. (Mississippi State), C.P.A.
Messina, Marena, Visiting Instructor, 2020, BS (Alabama), MAc (UAB), Phd Candidate (Kennesaw State University)
Nabors, Eddie, Instructor of Accounting and Internship Coordinator, 2011, B.S. (Alabama), M.Acc. (University of West Florida)
Prather-Kinsey, Jenice, Professor of Accounting, 2001, B.S. (Lindenwood), M.S. (Illinois), PhD. (Alabama), C.P.A.
Sanabria, Daniel, Instructor of Finance, 2016, B.S., M.B.A. (UAB)
Savage, Arline, Professor of Accounting, 2012, Ph.D. (University of Port Elizabeth-South Africa), CA (SA)
Song, Chen, Instructor of Accounting, 2013, BS (Beijing Information Technology Institute), MA (Virginia Tech)
Worrell, James L., Professor of Accounting, 2008, B.S., M.Ac., Ph.D. (Florida State)
Yates, Stephanie, Professor of Finance, 2007, B.S., M.A., M.B.A. (Cincinnati), Ph.D. (LSU)