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Accounting, Master of Science


Program Purpose

The M.S. in Accounting is designed to meet the growing need for credentialed accountants and financial managers and to respond to new Certified Public Accountant (CPA) licensure requirements in the State of Delaware.

Wilmington University recognizes that not all accounting students aim for CPA licensure. The M.S. in Accounting also provides the foundation for students who are interested in both the Certified Management Accountant Exam (CMA) and the Certified Fraud Examination Exam (CFE).

Program Competencies

In addition to satisfying the University’s graduate graduation competencies, students will have an advanced level of applicable knowledge in the following areas as appropriate to one’s field of study:

  1. Apply appropriate, relevant, and reliable measurement results using applicable standards for objective disclosure and reporting.
  2. Analyze risk to identify and manage audit and business risks.
  3. Use technology assisted tools to assess and control risk and document work performed.

Program Design

The program incorporates a methodology that provides students with a deep appreciation of the skills and knowledge required for decision making and problem solving. The program is designed for individuals who are seeking to make a strong contribution to their organization, profession, and global society while advancing and promoting their careers. Various classes in the program are offered at the Wilson Graduate Center on weeknights, Dover on weeknights, Dover Air Force Base on weekends, and Georgetown on weeknights. At this time, all MAC courses are offered at the Wilson Graduate Center and Online.

Program Requirements

The MS program is based upon the students working in a wide range of organizations; they must be adept at understanding the relationship of one’s self to the organization in a way that brings them to a level of mastery. The program consists of ten 3-credit hour courses. The eight core courses (24 credit hours) provide an in-depth exposure to core accounting theory and practice that are applicable to a wide range of situations and organizations. In this concentration, students also select two elective courses to complement the core requirements. Students must have a cumulative GPA of 3.0 or higher in order to graduate.

Registration

All required courses in the M.S. in Accounting program have undergraduate or graduate accounting prerequisites. Please consult with your program Chair if you have questions about these prerequisites. Elective courses from the MSM or MBA programs may be taken until the prerequisites have been met. Some MBA and MSM courses have prerequisites.

Prior to registering for your second M.S. in Accounting course, students should:

  1. Submit official transcript(s) from an accredited college, university, or other degree-granting institution verifying completion of a bachelor’s degree. Send official transcript(s) directly from the identified college or university to the Wilmington University Graduate Admissions office or email gradadmissions@wilmu.edu.
  2. Meet with a program chair or advisor for a program planning conference if not completed earlier.  Official transcript(s) should be on file prior to the conference.  Students may bring unofficial transcript(s) to this meeting if official transcript(s) are not yet on file.

Undergraduate Prerequisites:

In addition to the admission and candidacy requirements listed above, the MS: Accounting concentration has the prerequisite completion of 12 credits undergraduate Accounting: Accounting I & II (equivalent to W.U. BAC101 and BAC102) and Intermediate Accounting I & II (equivalent to W.U. BAC201 and BAC202).

Finance.  Three credits of undergraduate finance with a grade of "C" or better (equivalent to Wilmington University FIN 305); students may complete MHR 7830, Finance and Accounting for Managers, to meet this requirement.

Advancement to Degree Candidacy

Students who have met the M.S. in Accounting admission requirements are advanced to degree candidacy after completing four courses with a minimum GPA. of 3.0, provided they have met the following requirements:

  1. Official undergraduate transcript(s) are on file with the Graduate Admissions office.
  2. Successfully completed undergraduate courses in Intermediate Accounting I and Intermediate Accounting II with a grade of "C" or higher.
  3. Fulfilled all of the undergraduate pre-requisite coursework listed in the section above.

Students not completing any of these items will not be permitted to continue their M.S. in Accounting studies until the deficiency or deficiencies have been corrected.


M.S. Accounting Program Course Requirements

Ten courses are required for program completion; the eight courses immediately below and two additional courses to be selected from the elective offerings. While some course sequencing is important, the program is designed to permit students to complete requirements at their own pace.

Courses

MAC 7100 Financial Accounting Theory, Policy, and Research

MAC 7200 Advanced Managerial Accounting

MAC 7300 Issues in Auditing and Assurance Services

MAC 7400 Fraud Prevention and Forensic Accounting

MAC 7500 Federal Taxation, Policy, and Research

MAC 7600 International Accounting and Taxation

MBA 7200 Financial Management

One of the following two courses:

MBA 6000 Organizational Behavior and Ethical Leadership

MGT 6501 Organization Theory and Design

Two Electives

M.S. Accounting Core 21 credits

Electives

Two electives may be chosen from any of the following course codes offered in the graduate Business programs: MAC, MBA (except 5850 and 6100), and MPA 7202. Students should consult with their academic advisor when selecting M.S. in Accounting electives.


Total of core and concentration courses is 10 courses or 30 credits.