Is a Masters degree required to work in the accounting field?
A Masters degree is not required for many jobs in accounting. Students with an undergraduate degree in accounting can find entry-level positions in industry and government. The U of A undergraduate program in accounting is designed to prepare students for these careers.
 

Can I transfer graduate hours from another college or university or study-abroad program?
Because the course offerings in our MAcc program are unique, all accounting courses for degree credit must be taken at the U of A. Elective courses can be transferred from another university. The Graduate School of Business requires that the course meet the following criteria in order for you to receive transfer credit:

1. The course must be taken at an AACSB-accredited institution;
2. The credit hours cannot be applied to obtain another degree;
3. The student must be enrolled as a graduate student at that institution;
4. Transfer credit is limited to 6 hours of course work.
    

So how do I apply to the MAcc program?
Contact the Graduate School of Business for an application packet. This will explain the application procedure. We look forward to receiving your application.
 

I don't have an undergraduate degree in accounting. Can I enter the MAcc program?
A student with an undergraduate degree in any field is welcome to apply to the MAcc program. MAcc students are presumed to have a background knowledge of business and accounting, though. Depending on your undergraduate training and work experience, you may need to take some courses in preparation for the MAcc.
 

I am currently a U of A undergraduate student majoring in accounting. Can I begin taking MAcc courses now?
Dual enrollment in the undergraduate and graduate programs is allowed, but only in the last semester of your senior year. To be dually enrolled you must be completing your undergraduate degree requirements and be accepted to the U of A Graduate School. Tuition charged during this final undergraduate semester is computed at undergraduate rates.
 

What are the minimum requirements for admission to the MAcc program?
The MAcc admissions committee looks at many factors in choosing students for the program. These factors include your undergraduate academic record, your score on the Graduate Management Admissions Test (GMAT), personal recommendations, relevant work experience and leadership potential.
 

Will the MAcc Program prepare me for the CPA Exam?
The MAcc program is designed to prepare students for success in accounting practice. The focus is not directed specifically to the certification exam. The technical context of the program will give you a foundation to assist your preparation for the CPA exam.
 

Do I have to get a MAcc degree to take the CPA exam?
Completion of a MAcc degree is one of two ways to meet the educational requirements of the CPA exam in Arkansas. You can also fulfill these requirements by completing 150 college credit hours including specific courses in accounting, related business fields, and communications. Contact the board of accountancy of the state in which you intend to sit for the exam for specific educational requirements.
 

Then why should I consider the MAcc program?
There are a number of benefits to obtaining a MAcc degree. These include:

• Additional knowledge for a successful accounting career: The courses in the MAcc program provide valuable information about current accounting practice. Graduates are better prepared to meet the demands of their initial employment.
• Eligibility for tIle CPA exam: If your goal is to work in public accounting, a Masters of Accounting degree from an AACSB-accredited institution meets the educational requirements necessary to sit for the CPA exam in Arkansas. The Sam M. Walton College of Business and its accounting programs are AACSB-accredited.
• Placement opportunities: Many firms recruit primarily MAcc students.
• Higher starting salaries: Most firms will pay a premium for MAcc graduates.
   

Is financial aid available for MAcc students?
Resources to cover educational expenses are available from a number of sources. A limited number of assistantships are awarded to MAcc students each year. The Department of Accounting also awards scholarships to highly qualified incoming MAcc students. In order to be guaranteed consideration for assistantships and scholarships, your application must be received by the primary application deadline of March 1. Information about additional sources for financial aid can be obtained from the U of A Office of Financial Aid.