Accounting Practice (MS)

Program Educational Goals:

The Accounting Practice MS program is designed for students who do not have an undergraduate degree in accounting but want to pursue the professional practice of accountancy. Students who successfully complete the program will be eligible and prepared to sit for the CPA examination.

Program Policy Document:

Please see the Program Policy Document for more information.

Program Requirements:

Prerequisite Courses:

Financial Accounting (ACCT 207 or equivalent)
Managerial Accounting (ACCT 208 or equivalent)

Core:

With prior approval of the Director of the program, electives may be substituted for up to six credits of the required courses based on prior academic coursework.

ACCT 604 - Database Design and Implementation Credit(s): 3
ACCT 610 - Financial Reporting I Credit(s): 3
ACCT 611 - Financial Reporting II Credit(s): 3
ACCT 612 - Financial Reporting III Credit(s): 3
ACCT 613 - Federal Taxation of Income and Property Transactions Credit(s): 3
ACCT 615 - Advanced Financial Reporting Credit(s): 3
ACCT 617 - Auditing, Ethics, and Professional Responsibility Credit(s): 3
ACCT 653 - Business Law for Accountants Credit(s): 3
ECON 603 - Economic Analysis for Business Policy Credit(s): 3

Note:

The program will be 33 credits for those who are required to take ECON 603 . ECON 603 may be waived for students who have had prior coursework in micro and macroeconomics.

Restricted Electives:

Two of the following:

ACCT 601 - Management Accounting and Control Credit(s): 3
ACCT 614 - Advanced Federal Taxation Credit(s): 3
ACCT 620 - Theory of External Reporting and Applications Credit(s): 3
ACCT 625 - Financial Statement Analysis Credit(s): 3
ACCT 683 - International Accounting Credit(s): 3
FINC 650 - Financial Management Credit(s): 3

Admission Requirements:

Application Deadlines:

Applicants are accepted on a rolling basis. The MAP Program is lock-step, with the required course sequence beginning in the fall semester. All prerequisite work must be completed prior to the fall semester. Prerequisite courses and some required courses may be taken during the preceding spring or summer sessions.

Admissions Requirements:

Application Fee: A $75 application fee is due when you submit your online application. Waivers are available for qualified students.
Bachelor’s Degree: A four-year bachelor’s degree in any academic field (except accounting degrees from US institutions) from an accredited college or university is required. If you have a three-year non-US degree, you may request a review for determination as to equivalency. Please note that students with undergraduate degrees in accounting from US institutions will not be accepted to the MAP degree, those students should instead apply to the MS in Accounting degree program.
Transcripts: Unofficial transcripts of all undergraduate and graduate coursework is required with your application. Do not mail official transcripts during the applicant stage. An English translation must accompany transcripts issued in a language other than English. Undergraduate GPA is considered in the admissions decision.
Resume: A resume or curriculum vitae that documents your prior work experience, publications, honors, and awards received and a summary of your education credentials.
Prerequisites: Applicants may have majored in any area during their undergraduate study. However, the MAP program has as prerequisites the equivalent of introductory financial accounting (three-credit equivalent) and introductory managerial accounting (three-credit equivalent). All prerequisite work must be completed prior to the fall semester. Prerequisite courses and some required courses may be taken during the preceding spring or summer session. Courses taken to fulfill the prerequisites will not count towards fulfilling the 33 credit hour requirement of the MAP.
GMAT, GRE Scores: A minimum score of 550 on the GMAT is required. Alternatively a GRE overall score of 306 or above with a Quantitative score of 155, Verbal score of 151, and Analytical Writing score of 4 is accepted. LSAT and MCAT scores are considered in lieu of the GMAT/GRE score if you have taken one of them for law or medical school admission and hold a law or medical degree. If you have not yet received your official score, list the unofficial score on your application and make sure to have your official scores reported to UD.
Personal Statement: The personal statement should detail your goals and objectives and clearly identify your interest in the Lerner College degree program.
Two Letters of Recommendation: Recommendation forms are emailed directly from the online application to the two recommenders whose names and email addresses you provide. Instructions for returning the completed forms are included in the emails.
International Students, Language Test Requirement: International applicants must submit one of the following: Proof of having earned a degree in either the United States or a country where the primary language is English; TOEFL score of 100 or higher; or IELTS score of 7.0 or higher. The Graduate & Professional Education office provides more detailed TOEFL information.