Master of Professional Accountancy (M.P.Ac.)
As an accounting professional, the bottom line among prospective employers and clients is your proven proficiency - in technical knowledge, critical thinking ability and communication skills. The Master of Professional Accountancy is a specialized degree focusing on accounting and finance. The degree satisfies CPA licensing requirements.
Angelo State University provides two avenues for earning an M.P.Ac. Students who have already received a bachelor’s degree enroll in the regular graduate programs, while outstanding undergraduate students may enroll in the B.B.A./M.P.Ac. program.
Degree Requirement / Prerequisites
- ACC 2301 or 5192 Principles of Accounting I Financial or Independent Study in Financial Accounting
- ACC 2302 or 5191 Principles of Accounting II Managerial or Independent Study in Managerial Accounting
- ACC 3303 Intermediate Accounting I
- ACC 3304 Intermediate Accounting II
- ACC 3305 Accounting Information Systems
- ACC 3331 Cost Accounting
- ACC 3361 Income Tax Accounting
- ACC 4303 Auditing
- ACC 4312 Advanced Accounting II
- MSC 2331 or 5191 Statistical Analysis for Business and Economics or Independent Study in Statistics
- BUSI 3345 Business Law
- ECO 2302 or 5191 Principles of Microeconomics or Independent Study in Economics
- FIN 3361 or 5191 Financial Management or Independent Study in Finance
- Mathematics 3 hours
- Student must have a 2.50 GPA in Intermediate Accounting I and II with no grade lower than “C.”
Applicants are required to take the Graduate Management Admission Test (GMAT), which is a computer-adaptive test administered at centers throughout the country and the world. You may take the standardized test as often as once per calendar month. GMAT scores must be reported to ASU (code 6644) directly from the testing agency and are valid for five years. To make arrangements for taking the test, go to the GMAT website: www.mba.com.
Admission is ordinarily granted to students who meet the College of Graduate Studies admission requirements and meet the formula (200 x undergraduateGPA + GMAT >= 1050), with a GMAT >= 430
Students may take the above courses as leveling courses simultaneously with graduate courses for which they have the appropriate prerequisites. Accounting 6303, 6317, 6361, and 6362 cannot be taken until both intermediate accounting courses have been satisfactorily completed.
M.P.Ac. and Integrated B.B.A./M.P.Ac. Graduate Courses:
Students must complete 10 graduate courses for a total of 30 semester credit hours. The MPAc curriculum and course prerequisites are listed below (all courses are 3 credit hours). Students may be allowed to enroll concurrently in undergraduate courses and graduate courses as long as the prerequisites for the enrolled graduate courses are met.
- ACCT 6303 – Applied Auditing (Prerequisite: ACCT 4303 Auditing)
- ACCT 6309 – Advanced Accounting (Prerequisite: ACCT 3304 Intermediate Accounting II)
- ACCT 6313 – Accounting Information Systems (Prerequisite: ACCT 3305 Accounting Information Systems)
- ACCT 6317 – Accounting Theory (Prerequisites: ACCT 3304 Intermediate Accounting II and ACCT 3331 Cost Accounting)
- ACCT 6325 – Financial Statement Analysis (Prerequisites: ACCT 3304 Intermediate Accounting II)
- ACCT 6332 – Ethics in Accounting
- ACCT 6361 – Advanced Tax Accounting (Prerequisite: ACCT 3361 Income Tax Accounting)
- ACCT 6362 – Tax Research Methodology (Prerequisite: ACCT 3361 Income Tax Accounting or ACCT 6361 Advanced Tax Accounting)
Six graduate hours of electives approved by the MPAc graduate advisor from ACCT, ECON, FINC, MGMT and MKTG.
Up to nine semester credit hours of graduate credit completed prior to the date of first admission to the M.P.Ac. degree program at Angelo State University may be transferred into the program. After the date of first admission to the M.P.Ac. program, six semester hours may be transferred into the program only to fulfill elective requirements. The maximum total transfer credit is nine semester credit hours. The rest of the transfer policies of the College of Graduate Studies also apply.
Students in the Master of Professional Accountancy program who have not taken a marketing course must take either an undergraduate marketing course as leveling work or elect a marketing course at the graduate level.
Texas students in the integrated program with 120 hours or more are also eligible for Fifth Year Accounting Scholarships funded by the Texas Higher Education Coordinating Board. The application deadline for Fifth Year Accounting Scholarships is June 30.