Professional Accountancy, M.S.
Program overview
The Master of Science in Professional Accountancy prepares students for advanced careers in accounting, auditing, and financial management. This program combines technical expertise, analytical skills, and ethical decision-making, positioning graduates for leadership roles in business and professional practice.
PROGRAM LEARNING OBJECTIVES
PROGRAM LEARNING OBJECTIVES
PLO 1: Interpret, analyze, and classify relevant accounting information, and communicate financial results in a clear and unequivocal manner.
PLO 2: Research various accounting issues using the Financial Accounting Standards Board (FASB) Codification database and other online data sources.
PLO 3: Recognize and understand various accounting principles and theories, and apply this knowledge to new situations.
PLO 4: Identify key principles in the fields of economics and finance and understand how they underpin the development of the financial accounting framework.
PLO 5: Understand issues related to professional and business ethics and recognize what constitutes ethical behavior.
PROGRAM REQUIREMENTS
PROGRAM REQUIREMENTS
Code | Title | Credits |
ACC-6101 | Accounting Theory and Reporting I | 4 |
ACC-6102 | Accounting Theory and Reporting II | 5 |
ACC-6301 | Managerial Accounting | 3 |
ACC-6401 | Auditing and Assurance Services | 3 |
ACC-6501 | Individual Taxation | 3 |
ACC-7101 | Special Topics in Accounting | 3 |
ACC-7998 | Graduate Seminar in Accounting | 4 |
PHI-7342 | Business Ethics | 3 |
| Select two of the following courses | 6-8 |
ACC-6201 | Acc Information technology & Design |
|
ACC-6202 | Advances Accounting Information Systems |
|
ACC-6402 | Advanced Auditing |
|
ACC-6502 | Taxation for Business Organizations |
|
| Total credits | 34-36 |
Notes:
Students Seeking C.P.A. Certification
New York State requires that individuals who apply for licensure in public accountancy must complete 150 credit hours in a registered program. Accounting majors at St. Francis who seek to obtain the CPA credential can pursue the 151 credit combined BS/MS program (if acceptance criteria are met). This program fulfills the course of study required by the New York State Department of Education and the New York State Board of Accountancy. Students must qualify for entry into the BS/MS degree program. In order to enter the combined BS/MS program, students are required to have a minimum grade point average of 2.8 in six specific accounting courses. Students not meeting this requirement may be given reconsideration if a satisfactory score is achieved on the Graduate Management Admission Test (GMAT). Additionally, students in the B.S./M.S. program are required to maintain a 3.0 cumulative grade point average in their graduate courses. In addition to the combined B.S./M.S. program, the College also offers a stand-alone M.S. degree in Professional Accountancy. This degree is offered to students who already possess an undergraduate degree in Business Administration/Management (e.g., Finance, IT, Marketing, Management, HR, etc.) and now want to pursue additional studies to enable them to acquire the knowledge and skills to enter careers in accounting and to accumulate the necessary credits to sit for the CPA
examination. Completion of this M.S. degree fulfills the course of study required by the New York State Education Department and the New York State Board of Accountancy.
Students Not Seeking CPA Certification
Students interested in an accounting program who do not need or want C.P.A. certification may pursue a four-year program culminating in a B.S. degree. This program primarily prepares students for careers in management or industry where a solid foundation in accounting is helpful or required, but C.P.A. certification is not necessary.
CURRICULUM HIGHLIGHTS
CURRICULUM HIGHLIGHTS
Featured Courses:
Accounting Theory and Reporting I
Managerial Accounting
Auditing and Assurance Services
Individual Taxation
CAREER OPPORTUNITIES
CAREER OPPORTUNITIES
📊 Certified Public Accountant (CPA) – You will prepare financial statements, conduct audits, and provide tax and financial advisory services to individuals and organizations.
🏢 Corporate Accountant – You will manage financial records, reporting, and compliance within corporations and businesses.
🔍 Auditor – You will evaluate financial statements and internal controls to ensure accuracy and compliance with accounting standards and regulations.
📈 Financial Analyst – You will analyze financial data and provide insights that support strategic business decisions.
💼 Tax Consultant or Tax Specialist – You will advise individuals and organizations on tax planning, compliance, and regulatory requirements.
🏦 Government or Nonprofit Accountant – You will manage financial reporting and budgeting for government agencies or nonprofit organizations.
📑 Forensic Accountant – You will investigate financial discrepancies, fraud, and financial misconduct.