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Master of Science in Accounting

Introduction

New government regulations, greater scrutiny of corporate finances, and business growth have fueled the need for professionals with deep knowledge of the important role accounting information plays in corporate decision-making. The Master of Science program in Accounting provides a knowledge base of the essential functional areas needed by accountants. These include budget planning, audit and evaluation of controls, financial measurement, documentation, and reporting. Program completion also enables students to meet the 150-credit education requirement for New York State CPA exam.

The Program

The Master of Science in Accounting is a 30-credit program normally completed within 12–18 months.

Program Goals

On completing the MS program in Accounting, students will demonstrate proficiency in the tools necessary for the accounting profession:

  • Using computers in designing and auditing accounting systems.

  • Relating issues such as contingencies, environmental liabilities, repurchase agreements, securitization of assets, revenue recognition, comprehensive income and articulation of financial statements to corporate decision making.

  • Applying managerial economics principles such as elasticity and demand, production and cost, supply and demand, profit maximization techniques, and capital budgeting techniques to accounting practices.

  • Understanding internal control and financial reporting process so as to recognize and be able to investigate fraud.

  • Handling accounting issues in the major types of securities and their markets (debt, equity, and other financial securities.

  • Being able to explain the use of international accounting standards and how they differ from US standards.

  • Having the critical and analytical skills and integrate knowledge across fields.

  • Being able to communicate effectively in professional email, memos and written reports, oral presentations, and write an appropriate case analysis.

  • Knowing how to act in an ethical and socially responsible manner, explain the impact of decisions on stakeholders and analyze how business decisions are consistent with legal regulations.

  • Having leadership and teamwork skills.

  • Being able to manage in a variety of business contexts.

  • Showing successful completion of the 30 credit hours above the 120 Bachelor’s accounting and business credits to be eligible to sit for the NY State CPA exam.

  • Having the necessary research, computer and information literacy skills to solve business problems.

  • Being competent, confident and resilient in managing their careers.

Who Should Apply?

The Master of Science program in Accounting is appropriate for persons seeking careers or positions as professional accountants in industry, government, and nonprofit organizations; for tax attorneys who need additional knowledge of accounting transactions; and those who wish to qualify for the NYS CPA exam.

Additional Admission Requirements

In addition to the general admission requirements for the Touro University Graduate School of Business, criteria for the MS in Accounting program are:

  • Bachelor’s degree in Accounting or the successful completion with a grade of “B“ or better of these prerequisite undergraduate courses: (1) Principles of Accounting I, (2) Principles of Accounting II, (3) Cost Accounting, (4) Principles of Finance, and (5) Macroeconomics OR Microeconomics.

  • GMAT/GRE: If your undergraduate cumulative grade point average (GPA) is below 3.0, you will need to take and submit an official GMAT or GRE test score report. Touro University's GMAT score report number is MN8-Z3-04. GRE score report for Touro University Graduate Business is code 2903. If your undergraduate cumulative GPA is above 3.0 and you have 2 years of relevant work experience, you do not need to submit.

  • Touro University graduate students holding a Bachelor of Science degree with a major in accounting will have preferred status in the admission process.

Applicants for admission should also consult procedures described in the “Application for Graduate Admission,” at http://apply.touro.edu.

Course of Study

All courses carry 3 credits.

Core Courses (21 Credits)

  • course   Managerial Economics

  • course    Advanced Auditing

  • course    Advanced Topics in Taxation

  • course    Ethics in the Accounting Profession

  • course    Capstone: Accounting Theory

  • course    Impact of Technology on Accounting

  • course    International Financial Markets

Note:  All capstone courses must be taken in the final year.

Elective Courses (Choice of 9 Credits)

  • course      International Law and Regulation

  • course      International Accounting

  • course   Accounting for Strategic Management and Decision Making

  • course   Nonprofit Finance and Accounting

  • course   Strategic Management and Communication

  • course   Internship in Accounting*

  • course    Financial Statement Analysis

  • course    Forensic Accounting

  • course    Advanced Issues in Managerial Accounting

*Internship cannot be taken in the first semester unless approved by the Dean.

No substitutions unless approved by the Dean.