Master of Accountancy
Master of Accountancy
Master of Accountancy
OBJECTIVES
The Master of Accountancy (MAcc) Program provides recent accounting graduates and working accounting professionals across Micronesia and beyond the opportunity to advance their careers toward becoming a CPA. In this fully online degree program, students will be part of a one-year cohort, taking two courses at a time over five eight-week terms.
The 30-credit hour program embeds CPA exam preparation courses into the curriculum in order to efficiently prepare students to sit for the CPA exam in Guam. Additionally, the program is designed to meet the American Institute of CPA (AICPA) Core Competencies and the CPA exam broad objectives to enhance student analytical decision-making, problem solving, and critical thinking skills necessary to succeed in today’s complex accounting environment.
The MAcc curriculum includes a balance of advanced accounting coursework focused on
molding ethical and professional individuals interested in leading and thriving in
a competitive global marketplace. The curriculum offers courses in professional accounting
research, financial analysis and valuation, corporate governance and ethics, advanced
auditing and forensic accounting, information systems, and data analytics and includes
an accounting capstone experience. Topics are organized into four areas matching the
CPA exam categories.
PROGRAM LEARNING OUTCOMES
The curriculum design and pedagogical approach have been specially planned for distance education. The curriculum is designed to meet the program learning outcomes in accordance with the American Institute of CPAs (AICPA) core competency framework and the CPA exam framework.
Upon completion of this program, students should be able to:
-
Evaluate complex accounting problems in auditing, financial reporting, and taxation using professional judgment, skepticism, and analytical tools and make recommendations for optimal solutions.
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Analyze global, regional, and local accounting issues and environmental factors (i.e., economy, information systems, industry, legal and regulatory, etc.), identifying causes of concern, and provide evidence to support inferences.
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Develop methods of communication that most effectively inform both technical and non-technical audiences including oral, written, and graphic.
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Demonstrate leadership and collaboration skills in order to accomplish the desired outcome(s), acknowledging and leveraging diversity and multicultural societies.
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Employ professional and ethical standards of conduct when assessing the consequences of decisions on stakeholders and justify resolutions.
PROGRAM ADMISSION
Applicants must meet the following minimum qualifications to be eligible to apply to the program:
- Baccalaureate degree in accounting or business from an accredited college or university
- Graduate admission application and application fee
- Official transcripts of all coursework completed
- GMAT or GRE test scores (a minimum score of 500 is preferred)*
- At least two letters of recommendation
- Current resume
- Minimum cumulative undergraduate GPA of 3.0.
* This requirement is waived for UOG undergraduate students with an overall cumulative
GPA of 3.25 or higher. Students will also be eligible for a waiver if they have completed
two years of relevant post-bachelor, full-time professional experience with demonstrated
career progression or have a graduate degree from an accredited institution.
PREREQUISITES
In addition, accounting and non-accounting business undergraduate students must complete the following prerequisites before entering the program:
- 12 semester hours in upper-division accounting courses (e.g., Intermediate Accounting
I, Intermediate Accounting II, Advanced Accounting, Auditing, Cost and Managerial
Accounting)
- 6 semester hours in Economics
- 3 semester hours in Finance, and
- 3 semester hours in Business Law
ACADEMIC REQUIREMENTS
- Any courses that are seven years old or more must be retaken unless permission is
granted by the MAcc Admissions & Appeals Committee.
- Any courses in which a student receives a "C+" or below must be retaken unless permission
is granted by the MAcc Admissions & Appeals Committee.
- Students may not receive more than one grade of a "C+" or below. A second grade of
a "C+" or below, regardless of GPA, will result in automatic academic suspension.
A review of the student by the MAcc Admissions & Appeals Committee will commence.
Upon review, the student may serve a suspension or be dismissed from the program.
- Students who receive a grade of "F" will result in automatic academic suspension.
A review of the student by the MAcc Admissions & Appeals Committee will commence.
Upon review, the student may serve a suspension or be dismissed from the program.
COURSE REQUIREMENTS (30 credit hours)
The program is divided into 5 terms at 8 weeks in length each, with two classes composing a single term. The student would be expected to complete all 10 courses (30 credits) within the calendar year. Below are the course requirements for the calendar year 2025. The program is cohort-based and starts in January (every Spring semester).
COHORT 3 - CALENDAR YEAR JANUARY 2025 - DECEMBER 2025
2025 COURSE SCHEDULE
TERM 1
6 credits
|
Course |
Course Title |
Credits |
Term Offered |
| BA500 | PROFESSIONAL ACCOUNTING RESEARCH & COMM + Overview of methods for professional researching, organizing, analyzing, and presenting
information in financial accounting, auditing, and taxation. Presentation of concepts
and techniques for developing a business style of writing and creating documents such
as memorandums, letters, and reports. Emphasis on written and oral assignments that
develop communication skills for the accounting profession. Introduction to academic
research and analysis of literature. Prerequisite: Acceptance into the Master of Accountancy
program. Students require computer skills, proficiency with Microsoft Office (PowerPoint,
Word, etc.), and a reliable browser.
|
3 credit hours | FALL/SPRING/ALL YEARS |
| BA604 | REGULTN (CPA EXM:REG) & TAX PLANNG + This course prepares students for the Regulation part of the CPA examination. Students
will demonstrate knowledge and proficiency in four broad areas: ethics and professional
responsibilities in tax practice, licensing and disciplinary systems, federal tax
procedures, and legal duties and responsibilities. Prerequisite: Students require
computer skills, proficiency with Microsoft Office (PowerPoint, Word, etc.), and a
reliable browser.
|
3 credit hours | SPRING ONLY/ALL YEARS |
TERM 2
6 credits
|
Course |
Course Title |
Credits |
Term Offered |
| BA504 | FINANCIAL STATEMNT ANALYSIS & VALUATION + This course provides students with frameworks for financial statement analysis and
valuation of financial and non-financial data. Students will learn how to integrate
concepts from accounting and other disciplines such as economics, finance, and business
strategy to determine the impact of managerial decisions. Prerequisite: Complete Term
3. Students require computer skills, proficiency with Microsoft Office (PowerPoint,
Word, etc.), and a reliable browser.
|
3 credit hours | FALL ONLY/ALL YEARS |
| BA600 | FINANCIAL ACCOUNTING & REPORTING + This course prepares students for the Financial Accounting and Reporting part of the
CAP examination. Students will demonstrate knowledge and proficiency in financial
accounting and reporting frameworks used by business entities (oublic and nonpublic),
not-for-profit entities and stae and lical government entities. Prerequisite: Complete
Term 3. Students require computer skills, proficiency with Microsoft Office (PowerPoint,
Word, etc.), and a reliable browser.
|
3 credit hours | FALL ONLY/ALL YEARS |
TERM 3a
3 credits
|
Course |
Course Title |
Credits |
Term Offered |
| BA507 | CORPORATE GOVERNANCE & ETHICS + This course introduces students to professional ethics guidance and standards of conduct
for tax and audit, and enterprise risk management frameworks. Students will also develop
an understanding of corporate governance issues and decision-making. Case studies
will be used to highlight and exercise the key concepts and frameworks in the course.
Prerequisite: Acceptance into the Master of Accountancy program. Students require
computer skills, proficiency with Microsoft Office (PowerPoint, Word, etc.), and a
reliable browser.
|
3 credit hours | SPRING ONLY/ALL YEARS |
TERM 3b
3 credits
|
Course |
Course Title |
Credits |
Term Offered |
| BA502 | INFO SYSTEMS & DATA ANALYTCS FOR ACCTNT + In this course, students will learn data analytics models and methods involving accounting
information, theory and practice of information systems, and computer based systems
controls for management and decision-making of engagements in audit and taxation.
Students will also learn how to use and manage various analytical tools to achieve
these objectives. Prerequisite: Complete Term 3 of cohort-based Master of Accountancy
program. Students require computer skills, proficiency with Microsoft Office (PowerPoint,
Word, etc.), and a reliable browser.
|
3 credit hours | SUMMER/ALL YEARS |
TERM 4
6 credits
|
Course |
Course Title |
Credits |
Term Offered |
| BA503 | ADVACED AUDITING & FRAUD EXAMINATION + This course builds on undergraduate auditing concepts and understanding to enhance
comprehension of the audit process and advanced auditing techniques, and to apply
this knowledge to fraud examination and forensic accounting. Students will be introduced
to fraud detection and fraud investigation techniques, valuation of closely held businesses,
lost profits analyyses, and various types of litigation support services. Prerequisite:
Complete Term 1 of cohort-based Master of Accountancy program. Students require computer
skills, proficiency with Microsoft Office (PowerPoint, Word, etc.), and a reliable
browser.
|
3 credit hours | SPRING ONLY/ALL YEARS |
| BA606 | AUDITING & ATTESTATION (CPA EXAM:AUD) + This course prepares students for the auditing and attestation part of the U.S. CPA
examination. This course focuses on understanding, applying and evaluating auditing
standards and procedures for attest and non-attest engagements including assessing
risk and developing a planned response, performing procedures and obtaining evidence
and forming conclusions and reporting. Professional responsibilities and frameworks
will be reviewed and observed within this context. Prerequisite: Complete Term 1.
Students require computer skills, proficiency with Microsoft Office (PowerPoint, Word,
etc.), and a reliable browser.
|
3 credit hours | SPRING ONLY/ALL YEARS |
TERM 5
6 credits
|
Course |
Course Title |
Credits |
Term Offered |
| BA605 | BUSINESS ANALYSIS & REPORTNG (CPA EXAM:BAR) + This course prepares students for the Business Analysis & Reporting (BAR) part of
the CPA examination. Students will demonstrate knowledge and proficiency in these
broad areas: corporate, governance, economic concepts and analysis, financial management,
operations management, and government accounting.
|
3 credit hours | FALL ONLY/ALL YEARS |
| BA701 | ACCOUNTING CAPSTONE EXPERIENCE + This capstone course builds on the concepts of all courses taken within the Master
of Accounting and provides students with an opportunity to integrate and apply their
knowledge using evidence-based learning. Assignments also include an academic research
paper using action research methodology that comprehensively assesses an important
current issue or emerging trend in the field of accounting. Prerequisite: Complete
Term 4. Students require computer skills, proficiency with Microsoft Office (PowerPoint,
Word, etc.), and a reliable browser.
|
3 credit hours | FALL ONLY/ALL YEARS |
PROGRAM CHAIR
Suez-Sales G. Martha
Office Location: Expertise
MEMBER
Crisostomo-Muña T. Doreen
Office Location: Expertise