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Master of Accounting (M.Acc.)


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Program Overview

The Master of Accounting (M.Acc.) 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 M.Acc. is backed by Drake University’s full resources and reputation.

Program Requirements

  • Number of credit hours required: Thirty to fifty-four hours of credit are required for completion based upon prior academic experience.
  • Required courses
Course Credit Hours
Foundation Courses - 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 course work is evaluated at time of application review; any unmet foundation requirements must be taken as part of the Master of Accounting program. Up to 24
ACCT 115 - Cost Accounting 3
ACCT 165 - Financial Accounting I 3
ACCT 166 - Financial Accounting II 3
MBA 242 - Evaluating Organizational Performance 3
MBA 251 - Creating Customer Value 3
MBA 253 - Enhancing Firm Value 3
MBA 254 - Leadership & Human Capital Development 3
MBA 255 - Improving Operations Through Data Analysis 3
Preparation for Core & Required Courses - If no completed in prior studies, these courses will be taken for graduate credit and will count against the Advisor-Approved Electives block Up to 12
ACCT 175 - Auditing Principles 3
ACCT 185 - Individual Taxation 3
ACCT 186 - Business Entity Taxation 3
BLAW 240 - Commercial Law 3
Required Core Courses 6
ACCT 255 - Tax Research, Policy, and Writing 3
ACCT 275 - Seminar in Auditing 3
Required Electives - Students may choose four courses from this list Up to 12
ACCT 210 - Accounting for Non-Profits 3
ACCT 265 - Emerging Accounting Issues 3
ACCT 277 - Fraud Examination 3
ACCT 280 - Financial Statement Analysis 3
BLAW 250 - Accounting and the Law 3
IS 289 - Web Technology & XBRL 3
Advisor-Approved Electives - 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 also can be included. Up to 12
  • Other requirements
    • 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., G.P.A. requirement or requirements that students take certain courses at Drake):
      • G.P.A.: Maintain a 3.0 or higher.
      • Courses must be completed with a “C” or better; no more than two “C” grades may be received; the cumulative grade point must be a 3.0 or better.
      • 9 hours of graduate work may be transferred in from an AACSB-accredited university.
      • Transfer courses must be advisor-approved.
      • Courses transferred in are transferred as TR (no grade) and do not affect the Drake G.P.A.
      • Transferred coursework must be at a B level or better.
      • Transfer credits earned before admission are counted on the following scale:
        • Courses taken 0-5 years before degree completion may be transferred in as full credit.
        • Courses taken 6-10 years before degree completion may be transferred in as ½ credit.
        • Courses over 10 years old are not accepted.
        • Courses that are accepted must relate to the program of study.


  • Students may complete the M.Acc. program on either a part-time or full-time basis. Courses, however, are offered only in evening and weekend formats. There are no graduate-level daytime courses.
  • Students must be admitted to the M.Acc. program to enroll in graduate courses.


Master of Accounting applicants must meet the following admission requirements.

  • Application Fee of $50. Applicants who have previously paid the fee are not required to do so again.
  • Official transcripts for ALL undergraduate and graduate coursework from EVERY institution attended (even if a degree was not earned).
  • Current professional resume.
  • Personal essay: A personal essay no longer than one page should explain the candidate’s reason(s) for pursuing the M.Acc. degree. Examples of leadership background and experience should be included.
  • Submission of two (2) letters of recommendation.
  • Grade Point Average Criteria: Successful candidates for admission typically have the following minimum graduate point average. Students who do not meet these G.P.A. minimums may contact the Graduate Programs Office of the College of Business and Public Administration for additional information.
    • Undergraduate GPA = 3.00 (upper division and cumulative), and
    • Graduate GPA = 3.00 (cumulative)
  • Test requirement: Applicants must submit official GMAT results. Successful candidates for admission typically have a minimum score of 500. For GMAT testing information, go to:
    • GMAT waiver for Drake accounting students
      • The GMAT is waived for Master of Accounting (M.Acc.) applicants who are current Drake University accounting or joint-accounting majors with a minimum cumulative G.P.A. 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 (M.Acc.) 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 G.P.A. was 3.25 or higher.
  • TOEFL exam: International candidates must submit TOEFL results. Minimum acceptable TOEFL score is 213 on the computer-based examination, 550 on the paper-based examination, or 79-80 on the internet-based test.
  • Application deadlines: To be eligible for consideration, applications must be received by the following deadlines.
    • Fall admission - July 15
    • Spring admission - December 1
    • Summer admission - April 1
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