Accelerated Master's Programs

In addition to offering the Master of Science in Accountancy (MSA) and Master of Science in Taxation (MST) in the usual time frame involving one year of full-time study beyond the Bachelor’s level, the MSA-Assurance Track, MSA-Corporate Track, and MST are offered as accelerated programs. These programs permit high achieving accounting students who have accelerated their education by taking advanced courses in high school, testing out of classes, taking increased class loads, or going to summer school, to start their graduate work while in the senior year.

The accelerated programs are available only to students who are undergraduate students at the University of Miami Herbert Business School. The programs are designed in such a way that students can expect to complete both their Bachelor’s and Master’s degrees and make significant progress on the CPA exam (if not complete it entirely) within 4½ years. In addition, these programs are extremely price competitive.

Accelerated Program Timeline

  1. Internship in summer after junior year
  2. Twelve credit hours of work in senior year will count towards the MSA or MST degree (only students in the accelerated programs are eligible to take these classes during their senior year).
  3. In summer after senior year take one graduate course, CPA review course, and the CPA exam.
  4. Complete remaining credit hours of graduate work in fall semester after senior year.

Admission to the Accelerated Master's Programs

Incoming Freshmen

  • Prospective students may apply to the accelerated program when they apply for admission to the University of Miami.
  • SAT Reading and Math combined scores should meet or exceed 1400; high school unweighted GPA should meet or exceed 3.75.
  • Students are required to have a cumulative and an accounting major GPA of 3.3 or higher by their junior at the University of Miami. Students must then maintain a cumulative GPA of 3.3 or higher and an accounting major GPA of 3.3 or higher to remain in the program.  Students who do not maintain the expected GPA may be placed on probation or transferred out of the program.
  • Students will need to have completed a minimum of 102 credit hours by the start of their senior year.

Current University of Miami Undergraduate Accounting Majors

Academic Requirements

  • Students should apply to the accelerated program by September 30 of their junior year.
  • Admission to the program will be based on GPA, letters of recommendation, and performance in upper division (300-level or above) accounting courses in progress or completed. It is expected that the students admitted to the program will have GPAs exceeding 3.3, but students with these scores are not guaranteed admission. The decision will depend on the quality and size of the applicant pool and will be made by senior school administrators and faculty.
  • After admission, to remain in the program, students must maintain a cumulative GPA of 3.3 or higher and an accounting major GPA of 3.3 or higher.  Students who do not maintain the expected GPA may be placed on probation or transferred out of the program.
  • Students will need to have completed a minimum of 102 credit hours by the start of their senior year including the following:
ACC 311Intermediate Accounting I3
ACC 312Intermediate Accounting II3
ACC 402Auditing3
ACC 403Fundamentals of Taxation3
BSL 401The Law of Financial Transactions3
Total Credit Hours15

Additional Requirements

  1. Students must apply to the program at the start of their junior year and obtain an “approved” internship through the Toppel Career Center. 
  2. The internship must be scheduled to take place during the summer between their junior and senior year.
  3. In the fall semester of their senior year, before registering for their senior-year spring classes, students must submit a copy of their internship agreement to the Faculty Director in the Department of Accounting.
  4. By the fall semester of their senior year, students must have applied for admission to the graduate accounting program and submitted their verification enrollment fee to pursue a Master of Science in Accountancy or Master of Science in Taxation degree in the fall semester immediately following their senior year.
  5. The GMAT will be waived for students admitted into the program.

Pre-requisites

The following must be completed before students begin their senior year:

  • A minimum of 102 credit hours
  • All undergraduate degree requirements except for those that can be completed in the senior year 
  • FIN 303 before or during senior year (for those students who intend to select the MSA-Corporate track)
  • Note:  MGT 401 is usually completed in the final semester of the undergraduate program.
  • The following Accounting major requirements must be taken prior to senior year:
ACC 311Intermediate Accounting I3
ACC 312Intermediate Accounting II3
ACC 402Auditing3
ACC 403Fundamentals of Taxation3
BSL 401The Law of Financial Transactions3
Total Credit Hours15

Senior Year Curriculum (Senior-Graduate Status)

The program-specific curriculum1  for the senior year is the same for all tracks (except that students selecting the MSA-Corporate track must complete FIN 303 in order to take the graduate finance courses required for the track) and consists of the following courses:

ACC 301Cost Accounting 3
ACC 404Advanced Taxation3
ACC 406Accounting Systems3
ACC 411Advanced Accounting3
FIN 303Intermediate Financial Management (or other non-accounting undergraduate course approved by Program Director)3
MGT 401Strategic Management (usually taken in the final undergraduate semester)3
Select one additional non-accounting undergraduate course approved by the Program Director3
Six (6) credit hours of 500-level courses approved by the Program Director. Examples of approved courses include ACC 522 Advanced Issues in Auditing (3 credit hours) and ACC 530 International Financial Reporting Standards (one credit hour)6
Six (6) credit hours of 600-level courses approved by the Program Director. Examples of approved courses include ACC 648 Financial Reporting Implications of Income Taxes (2 credit hours) and BUS 610 Critical Thinking and Persuasion for Business (2 credit hours)6
Total Credit Hours33

Students must select their track (MSA-Assurance, MSA-Corporate, or MST) by the spring semester of their senior year before registering for their final fall graduate classes.

Summer after Senior Year

Students must take one approved graduate course, such as ACC 620, in the summer following their senior year.  Students are also REQUIRED to take an approved CPA review course during the summer following their senior year after graduation. Students who do not take a CPA review course must complete an additional six graduate credit hours which will likely delay graduation from December to the following May. Students are expected to pass part, if not all, of the CPA exam during this summer.

Final Fall Semester

In the final fall semester, students will complete the remaining 16 graduate credit hours including the requirements for their track and electives selected in consultation with the Program Director in the Department of Accounting. 

Senior Year Curriculum (Senior-Graduate Status)

The program-specific curriculum1  for the senior year is the same for all tracks (except that students selecting the MSA-Corporate track must complete FIN 303 in order to take the graduate finance courses required for the track) and consists of the following courses:

ACC 301Cost Accounting 3
ACC 404Advanced Taxation3
ACC 406Accounting Systems3
ACC 411Advanced Accounting3
FIN 303Intermediate Financial Management (or other non-accounting undergraduate course approved by Program Director)3
MGT 401Strategic Management (usually taken in the final undergraduate semester)3
Select one additional non-accounting undergraduate course approved by the Program Director3
Six (6) credit hours of 500-level courses approved by the Program Director. Examples of approved courses include ACC 522 Advanced Issues in Auditing (3 credit hours) and ACC 530 International Financial Reporting Standards (one credit hour)6
Six (6) credit hours of 600-level courses approved by the Program Director. Examples of approved courses include ACC 648 Financial Reporting Implications of Income Taxes (2 credit hours) and BUS 610 Critical Thinking and Persuasion for Business (2 credit hours)6
Total Credit Hours33

Students must select their track (MSA-Assurance, MSA-Corporate, or MST) by the spring semester of their senior year before registering for their final fall graduate classes.

Summer after Senior Year

Students must take one approved graduate course, such as ACC 620, in the summer following their senior year.  Students are also REQUIRED to take an approved CPA review course during the summer following their senior year after graduation. Students who do not take a CPA review course must complete an additional six graduate credit hours which will likely delay graduation from December to the following May. Students are expected to pass part, if not all, of the CPA exam during this summer.

Final Fall Semester

In the final fall semester, students will complete the remaining 16 graduate credit hours including the requirements for their track and electives selected in consultation with the Program Director in the Department of Accounting. 

Mission

The mission of the Accounting Department is to provide an environment recognized for educational excellence through our academic programs, intellectual contributions, and service to the academic and professional communities.

Student Learning Outcomes

Students who complete this program will be able to:

  1. Demonstrate an understanding of International Financial Reporting Standards (IFRS) including its basic history, its standard setting structure, and significant accounting and professional communities.
  2. Define individual business disciplines and their relationship to the international business environment.
  3. Prepare financial statements based upon generally accepted accounting principles.
  4. Identify basic U.S. tax laws applicable to businesses and individuals.
  5. Explain the attestation function and describe generally accepted auditing standards.
  6. Describe the basic concepts of cost and managerial accounting and explain its role in business.
  7. Apply mathematical concepts and technology to interpret, understand and communicate quantitative data.
  8. Effectively produce, interpret and analyze written text, oral messages and multimedia presentations used in business.