The Master of Accounting (MAcc) degree equips students to reach their professional goals by providing the requisite knowledge to sit for the Certified Public Accountant (CPA) examination and to enter the profession of public accounting. The degree is designed to complement prior education and experience, or to prepare students without an accounting background for this professional field. The MAcc is backed by Drake University’s full resources and reputation and is fully accredited by AACSB – the hallmark of excellence in business education and earned by less than five percent of business schools.
Admission Requirements: (previous degrees, exams, etc)
Master of Accounting applicants must meet the following admission requirements.
On-line submissions require electronic fee payment that will be refunded if an application fee was paid for a previous Drake program.
GMAT waiver for Drake accounting students:
The GMAT is waived for Master of Accounting (MAcc) applicants who are current Drake University accounting or joint-accounting majors with a minimum cumulative GPA of 3.25, based upon completion of at least 30-hours at Drake University, 90 or more undergraduate hours completed and in-process at date of application, and who have been fully admitted to the School of Accounting.
The GMAT is waived for Master of Accounting (MAcc) applicants who have received an undergraduate degree from Drake University with a major in accounting or joint-accounting within the past 5-years, and whose final cumulative GPA was 3.25 or higher.
Fall admission July 15
Spring admission December 1
Summer admission April 15
These requirements may be considered met at time of admission with recent undergraduate course work where grades of “C” or better have been earned. Prior coursework is evaluated at time of application review; any unmet foundation requirements must be taken as part of the Master of Accounting program.
MBA 242: Evaluating Organizational Performance
ACCT 115: Cost Accounting
ACCT 165: Financial Accounting I
ACCT 166: Financial Accounting II
MBA 251: Creating Customer Value
MBA 253: Enhancing Firm Value
MBA 254: Leadership & Human Capital Development
MBA 255: Improving Operations through Data Analysis
If not completed in prior studies, these courses will be taken for graduate credit, and will count against the Advisor Approved Electives block.
ACCT 175: Auditing Principles
ACCT 185: Individual Taxation
ACCT 186: Business Entity Taxation
BLAW 240: Commercial Law
ACCT 255: Tax Research, Policy and Writing
ACCT 275: Seminar in Auditing
Students may choose four courses from this list:
ACCT 210: Accounting for Non-profits
ACCT 265: Emerging Accounting Issues
ACCT 277: Fraud Examination
ACCT 280: Financial Statement Analysis
BLAW 250: Accounting and The Law
IS 289: Web Technology & XBRL
Advisor Approved Electives (Up to 12 Hours)
Each student must choose four elective courses, or balance of credit hours to equal 12 if some Preparation for Core and Required Courses were completed. Courses from the Required Electives beyond the four required can also be included.
Other Requirements (experiential, exams, thesis, etc.)
BUS 205: Leadership Essentials (non-credit workshop)
Each student must complete this elite training experience during the first semester of enrollment. This workshop focuses on communication and leadership skills. The workshop offers a competitive edge by providing you with the skills to consistently lead, influence and inform others. A handful of workshops are offered each term. Students meet over two days, Friday 1:00-8:00 p.m. and Saturday 8:00 a.m. to 4:00 p.m.
Any limitations and special policies (eg., gpa requirement, or requirements that students take certain courses at Drake):
June, July, August: The Office of Admission is open for individual campus visits and tours Monday-Friday.
June -The application for Fall 2013 transfer admission will be accepted through the end of the month. Applications submitted after July 1 will be considered on a space-available basis.
July 4-5- Drake closed for Independence Day
August 1 - application opens for Fall 2014 admission
August 5-9- Iowa Private College Week
August 21 - First Year Student move-in day
August 26 - First day of fall semester