THE ACCOUNTING PROFESSION accounting degree

					                                                           MASTER OF ACCOUNTANCY          The accounting profession
                                                                                          is in a period of redefinition.
                                                                                   MAcc   Today’s accountant is expected to know more
                                                                                          and do more than ever before.
                                              Calculate   your future.
                                                                                          It’s not enough to know accounting
                                                                                          rules and regulations.
                                                                                          To be successful in providing value to employers and
                                                                                          clients, today’s accountant must demonstrate
                                                                                          a combination of:
                                                                                          o Technical Competence
                                                                                          o Oral and Written Communication Skills
                                                                                          o Analytical Problem-Solving Skills
                                                                                          o Technology Skills
                                                                                          o People Skills
One Bear Place #98013 • Waco, TX 76798-8013




                                                                                          The American Institute of CPAs
                                                                                          and nationally conducted forums
                                                                                          of accounting practitioners
                                                                                          identified these as the skills
                                                                                          shaping the accounting
                                                                                          profession over the next
                                                                                          few years. The MAcc
                                                                                          degree is designed to
                                                                                          enhance all of these
                                                                                          skills and competencies.
  Baylor
                                                                                                                                                                                                                         An InvesTMenT In your FuTure
The                                                                              ProgrAM requIreMenTs                                                            MACC degree PLAn
                                                                                                                                                                                                                         Several forms of financial assistance are available to MAcc students to
                                                                                                                                                                                                                         reduce the financial commitment of graduate education. MAcc students

MAcc degree
                                                                                 The MAcc degree is a 33-hour program, requiring 18 hours of graduate                                                                    may be awarded a stipend in exchange for up to 10 hours of work per week
                                                                                 accounting coursework and 15 hours of supporting graduate business              ACCounTIng Courses
                                                                                                                                                                 six 5000-Level Accounting Courses from the following:   for a professor or department on campus and/or merit-based graduate
                                                                                 (non-accounting) coursework. The program is flexible, allowing you to                                                                   assistantships ranging from 50 to 100 percent tuition remission. The
                                                                                 choose all of your accounting courses and all but one of your non-accounting    o Business Combinations,Multinational
Baylor University’s Master of Accountancy (MAcc) program has an                                                                                                                                                          Department of Accounting and Business Law also provides asubstantial
                                                                                 electives. Thus, you can tailor your degree plan to your individual career        Accounting & Partnerships                             amount of merit-based scholarships each semester to MAcc students. Various
established tradition of excellence. The accounting graduate program was         path. You can use the graduate electives to concentrate your study in a
ranked 24th in the nation in 2006 by the Public Accounting Report. Our                                                                                           o Financial Statement Analysis                          professional accounting organizations administer scholarship programs
                                                                                 second area of expertise or to broaden your graduate business education.
students achieved a higher pass rate on the 2005 CPA exam than any other                                                                                         o Forensic Accounting and Auditing                      specifically for financing graduate accounting education. Other forms of
                                                                                      The flexibility of the MAcc degree provides for the creation of                                                                    financial aid are available through the University Financial Aid Office.
graduate program in Texas and were second nationwide.                            several career-specific degree tracks. Among the degree tracks available        o Governmental & Non-Profit Accounting
    Established in 1997, the MAcc degree provides you with an educational        are accounting information systems, auditing and assurance services,            o Information System Auditing
experience to meet the Texas State Board of Public Accountancy’s 150-hour
requirement to sit for the CPA exam. Our program affords the opportunity
                                                                                 and managerial accounting and controllership. While some tracks are             o Internship in Accounting Seminar                      Admission criteria
                                                                                 accomplished primarily through selected accounting coursework, other            o Managerial Accounting Seminar                         Admission to the MAcc degree program is conducted by Baylor Business with
to build on your undergraduate accounting education in preparation for           tracks require selection of complementary graduate business courses.
an exciting career in accounting, whether in public accounting, private                                                                                          o Seminar in Auditing & Assurance Services              the support of the Accounting Graduate Programs Admission Committee.
                                                                                 If you prefer not to specialize, a general graduate accounting program                                                                  Criteria for admission include the completion of prerequisite undergraduate
industry, or government.                                                         also can be designed.                                                           requIred eLeCTIve                                       accounting courses, acceptable undergraduate GPA, acceptable score on the
                                                                                                                                                                 Corporate Finance                                       GMAT, and acceptable recommendations from professors and/or employers.
Why do I need A grAduATe ACCounTIng degree?                                      LeAdIng FACuLTy                                                                                                                         The required list of prerequisite accounting courses includes introductory
                                                                                 Dedicated to academic excellence, faculty in the MAcc program hold              eLeCTIves
                                                                                                                                                                                                                         financial accounting (3 hours), introductory managerial accounting (3 hours),
As a result of the changing accounting environment, the body of professional     doctoral degrees from leading universities and have professional work           Four 5000-Level                                         intermediate financial accounting (6 hours), income taxation (3 hours), cost
knowlege has expanded. This knowledge cannot be taught effectively               experience that brings practical relevance to the classroom. They are engaged   Non-Accounting                                          accounting (3 hours), accounting systems (3 hours), and auditing (3 hours).
in just four years. Graduate education leads to higher starting salaries,        in various professional activities, scholarly exploration and research which    Business Electives                                      Students may be admitted to the program in the fall, spring or summer term.
with master’s degree holders receiving a 10 to 20 percent premium over           provide the foundation for a rich educational experience. In and out of the                                                             Baylor has a diverse body of graduate students, and candidates are admitted
individuals with bachelor’s degrees. Accountants with master’s degrees           classroom, professors are committed to building a strong faculty-student                                                                without regard to their race, ethnicity, gender, religion, or national origin.
are typically promoted at a faster rate than those with just a bachelor’s        relationship and will do whatever possible to help you achieve your academic                                                                 The Business School evaluates applications as they are submitted.
degree. Professional accounting organizations are promoting the 150-hour         and professional goals.                                                                                                                 Decisions regarding admission are usually made within two weeks of
requirement as the standard for entry into the accounting profession.
                                                                                                                                                                                                                         receiving a complete application. To receive full consideration for financial
            And finally, master’s degree holders have a higher first-time pass
                                                                                 CAreer oPPorTunTIes                                                                                                                     assistance, applications should be completed by the following dates:
                  rate on the Uniform CPA Examination.
                                                                                 Graduates of Baylor’s MAcc program are in high demand by a variety of
                                                                                 employers. Major corporations, Big-4 public accounting firms, national,                                                                 FALL AdMIssIon:                   March 15
                          Interning at KPMG gave me the opportunity to           regional and local CPA firms and governmental agencies recruit Baylor                                                                   sPrIng AdMIssIon:                 September 1
                                                                                 MAcc students. As a MAcc student, you will have the opportunity to
                        put much of the classroom theory I had learned           complete a professional internship as part of your educational experience.                                                              suMMer AdMIssIon:                 February 1
                        into practice. This hands-on learning experience         Many of these internships lead to permanent job offers upon completion
                        greatly contributed to my education. Had the             of the MAcc degree.
                        MAcc program not allowed time and class credit             Baylor University’s Career Services Center assists MAcc students in
                        for the internship, I might have missed this             preparing resumes, learning interview techniques, and arranging job
                                                                                 interviews. Additionally, the Department of Accounting and Business Law
                        unique opportunity.                                      hosts an annual career day during which MAcc students have the chance                                                                   MORE INFORMATION:
                        — Michelle Veve, MAcc 2003                               to meet with employer representatives to discuss career opportunities.                                                                  Dr. Jane Baldwin
                                                                                                                                                                                                                         Director of Gr aduate Accounting Progr ams
                                                                                 Our Mission                                                                                                                             Baylor University
                                                                                 The mission of the Department of Accounting and Business Law is to                                                                      One Bear Place 98002 • Waco, TX 76798-8002
                                                                                 educate students and advance our disciplines for the benefit of society.                                                                Voice: (254) 710-6180 Fax: (254) 710-1067
                                                                                 We are committed to providing a comprehensive education, guided                                                                         E-mail: Jane_Baldwin@baylor.edu
                                                                                 by Christian values, that equips students for leadership and service.                                                                   Website: www.baylor.edu/business/accounting




                                                                                                                                                                                                                                                                                                          2007/2008

				
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