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Master of Accountancy

The MAcc Academic Program

The Master of Accountancy degree provides advanced study in accounting for individuals interested in careers in the accounting field.

Program Emphasis

The Union MAcc curriculum requires the completion of 30 credit hours. These 30 hours are composed of 18 required MAcc hours and 12 elective hours from a combination of selected MAcc and MBA courses. The entire 30-semester hour MAcc program can be completed in one year. The strength of the Union MAcc program is the qualified faculty that serve our student body. Union’s business faculty combine practical work experience with strong academic backgrounds. This dual emphasis on practicum and education provides a rich and relevant classroom experience for our MAcc students. Faculty pursue innovative teaching concepts while continuing to conduct and publish accounting and business-related research.

Expected Outcomes

The MAcc program strives to achieve the following outcomes:

  1. Each student will demonstrate a technical knowledge of the functional areas of accounting.
  2. Each student will demonstrate the research and analytical skills needed to solve problems in an accounting context.
  3. Each student will be an effective communicator with the ability to prepare and deliver oral and written presentations using appropriate technologies.
  4. Each student will demonstrate the ability to make personal and business decisions based on values informed by the Christian worldview. 

Dual-Degree Option

Dual Degrees may be obtained within the McAfee School of Business between the MBA and the Master of Accountancy (MAcc). Six hours earned in the MBA program may be counted in the MAcc. In all dual degree options, at least 60 total hours must be completed for the dual degree. Applicants to dual degrees must apply to and be accepted to each program separately, per current admission requirements of each program.

Plus 1 Year MAcc Option

After admission to the MAcc program, Union undergraduate students may take up to 9 hours of MAcc courses starting in the second semester of their junior year. Additional graduate hours may be taken upon approval of the MAcc Program Coordinator. All regular admission requirements must be met except the requirement to possess a bachelor’s degree and take the GMAT/GRE.

Admission Information

Regular Admission Requirements

  1. One of the following: a bachelor’s degree from an institutionally accredited university with a minimum 3.0 GPA or a bachelor’s degree from an institutionally accredited university with a minimum 2.5 GPA and two years' relevant work experience or a 450 GMAT score,
  2. Complete application (with a resume and two references) for the MBA program, with application fee,
  3. Sign the Union University Community Values Statement for Adult/Non-traditional Students,
  4. Official transcript(s) from the awarding institution showing award of the highest degree earned and any requested transfer credits.
  5. Completion of a letter of application or 3-minute video application.
  6. For students from countries where English is not the recognized first language, TOEFL test results of 80 or higher is required.

Waiver of GMAT/GRE Requirement

Applicants may receive a waiver of the GMAT or GRE requirement if they meet one or more of the following conditions:

  1. Applicants with at least five years of professional or managerial business experience.
  2. Graduates from Union University with the Bachelor of Science in Business Administration degree and a cumulative GPA of 3.0 or greater.
  3. Applicants with an earned graduate degree from an institutionally-accredited institution.

Applicants must complete a request for waiver of the GMAT/ GRE requirement during the application process. Requests for waiver will be considered by the Graduate Business Admissions Committee. If approved, the applicant will be admitted without the requirement to submit a GMAT or GRE score.  

Prerequisites

While there are no prerequisites to the MAcc program, students are expected to have a working knowledge of financial accounting, tax, audit, systems, and cost before beginning MAcc coursework. The MAcc Program Coordinator may recommend or require the completion of preparatory courses, self-study, or other work prior to enrollment along with specific advising to design the proper course sequencing.

Conditional Admission Requirements

Conditional admittance may be granted to a student after review by the Graduate Admissions Committee. Conditional admittance to the MAcc allows a student to take up to 6 hours of coursework. A student earning a 3.0 or greater GPA in the first 6 hours beyond foundations coursework removes conditional admittance status. Extraordinary cases beyond these guidelines will be reviewed by the graduate admissions committee. These cases will include a personal interview with at least one member of the graduate admissions committee.

Transfer of Credit

Normally, up to six hours of graduate credit for courses must be completed before starting this program and earned within the last five year from an AACSB accredited school of business or equivalent may be transferred to Union University. No grade less than “B” may be transferred. 

Academic Suspension

A student enrolled in the MAcc program will be suspended from the program upon earning three grades of “C” or below. In an effort to remove these grades while suspended from the MAcc program, the student may repeat those courses in which a “C” or below has been received to remove the suspension and continue progress toward graduation. According to university Academic Probation and Suspension Policy in this catalogue, a student may only repeat a course one time.

Financial Information

There are three methods of payment for the program.

  1. One-hundred percent of tuition expense for the entire program before the first night of class. Interest will be assessed on the unpaid balance at the rate of 1.5% per month.
  2. The payment of tuition as billed monthly as a result of courses registered. Interest will be assessed on the unpaid balance at the rate of 1.5% per month.
  3. FACTS payment plan. Please see details at www.uu.edu/admissions/financialinfo/facts/.

Tuition reimbursement is offered by many employers. The University allows the completion of the current student schedule to meet eligibility requirements for payment. Prompt payment is requested to prevent interruption of registration.

All financial information is subject to change without notice.

Application Fee $58
Tuition/semester hour $695
General Student Fee $26/hour

The Application Fee and General Student Fee are non-refundable fees.

Financial Assistance

Financial aid information for graduate students is available on our website at www.uu.edu/financialaid. Generally, graduate students may be eligible for Federal Direct student loans or private alternative student loans, depending on the program of study and the eligibility of the borrower. Union University is also approved by the Department for Veterans Affairs to offer educational benefits to veterans, reservists, and dependents of veterans who qualify for Veterans Benefits. Any person who qualifies for VA Benefits should check with the Office of Student Financial Planning as soon as possible after acceptance into a graduate program.

 

Master of Accountancy—30 hours