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Accounting MSA

Sandra Gates (Interim Department Head)

The MSA Accounting degree provides students the opportunity to gain knowledge in Attestation, Forensic Accounting, Professional Accounting, or Taxation and requires 37-43 semester hours (depending on a student's background). Courses are offered online, in Dallas, or a combination of the two. Students receiving the MSA in Accounting degree obtain a foundation of knowledge in financial, auditing, forensic accounting, and professional accounting to prepare them for careers in the public and private sectors. Students interested in qualifying for the CPA examination, must be familiar with the public accounting licensing laws in their state of residency, which may involve additional courses or requirements beyond those found in the MSA in Accounting degree.

Note: The Department reserves the right to suspend from the program any student who in the judgment of the departmental graduate committee, does not meet the professional expectations of the field.

Foundation Study in Accounting
These courses can be waived for students with appropriate undergraduate coursework.
ACCT 501Accounting for Managers3
ACCT 502Financial Accounting3
Accounting Core (21 semester hours)
ACCT 525Adv Managerial Accounting3
ACCT 527Auditing3
ACCT 568Bus Law for Accountants3
ACCT 575Fin Statement Analysis3
ACCT 562Forensic and Inv Acct3
ACCT 522Govt & Not for Profit3
ACCT 538Indivi Income Tax3
Advanced Accounting Core (9 semester hours from the following)
ACCT 521Advanced Accounting3
ACCT 540Advanced Income Tax Accounting3
ACCT 595Accounting Research and Communication (3 semester hours required)3
Accounting Electives
Take 2 courses (6 semester hours) from the following list:
ACCT 528Advanced Auditing3
ACCT 529Acct Information Systems3
ACCT 531GLB/International Accounting3
ACCT 541Accounting Theory3
ACCT 550Sales, Franch & Other Tax3
ACCT 551Advanced Issues in Taxes3
ACCT 563Adv Forensic Accounting3
ACCT 564Practicum in Forensics3
ACCT 576Fund of Finc Planning3
ACCT 577Investment Planning3
ACCT 588Independent Acct Research3
ACCT 597Special Topics3
Total Hours36

ACCT 501 - Accounting for Managers
Hours: 3
Accounting for Managers. Three semester hours. Study of the accounting concepts and procedures used by managers in making decisions. The focus in the course will be on users, not preparers, of accounting and management information. This course satisfies the accounting background requirement for MBA candidates and may be utilized as part of a graduate program in a field other than business administration. Prerequisite: Math 141 or 175.

ACCT 502 - Financial Accounting
Hours: 3
Financial Accounting - Three semester hours A study of accounting principles and procedures essential to the preparation of financial statements with particular emphasis on the corporate form. Topics of coverage include assets and liabilities, property, plant and equipment, and investments, stockholders’ equity, income recognition, leases, accounting changes and errors, and financial reporting and analysis. Pre-requisites : ACCT 501 or ACCT 222

ACCT 521 - Advanced Accounting
Hours: 3
Advanced Financial Accounting. Three semester hours. A continuation of the financial accounting sequence. The primary emphasis is on accounting for business combinations and consolidations. Other contemporary issues in financial accounting will also be covered with an emphasis on reading and interpreting professional accounting literature. Prerequisite: ACCT 322.

ACCT 522 - Govt & Not for Profit
Hours: 3
Government and Not For Profit Accounting - Three semester hours This course is a graduate level course designed to cover financial reporting, managerial, auditing, taxation, and information systems issues in governmental and nonprofit entities. Ethics and professional standards, as well as communication and analytical skills, are developed. Students will apply dual-track accounting to help develop skills at analyzing transactions in a governmental entity and follow their effect on the financial statements.

ACCT 525 - Adv Managerial Accounting
Hours: 3
Advanced Managerial Accounting. Three semester hours. A study of accounting as related to making decisions. Readings, cases, and problems dealing with managerial accounting issues, accounting concepts, budgeting and cost control, using accounting information in planning and control. Prerequisite: Consent of the instructor.

ACCT 527 - Auditing
Hours: 3
Financial Auditing. Three semester hours. This course is a study of the professional auditing standards followed by public accountants in performing the attest function for financial statements and supporting data. Prerequisites: ACCT 322, 433.

ACCT 528 - Advanced Auditing
Hours: 3
Advanced Auditing - Three semester hours The primary emphasis in this course will be on understanding and applying the concepts of, and approaches to, audits, investigations and assurance services, and on developing skills to apply the underlying concepts and approaches to professional services. This course will review changes in the audit environment and new approaches to auditing and examine the concepts related to auditing in computerized environments.

ACCT 529 - Acct Information Systems
Hours: 3
Accounting Information Systems - Three semester hours This course is designed to present an understanding of accounting information systems and their role in the accounting environment. Particular attention is paid to transaction cycles and internal control structure. Topics to be covered include the software development life cycle, contemporary technology and applications, control concepts and procedures, auditing of information systems, internets, intranets, electronic commerce, and the role of information systems in a business enterprise. This course will cover accounting information systems—both computerized and non-computerized—with particular emphasis on internal controls

Hours: 3
Business Ethics for Accountants - Three semester hours The course will provide a background in the process of ethical reasoning, the ethical environment, application of ethical rules and guidelines to case problems, and a framework for ethical decision-making. The focus will be on the ethical environment within which professional accountants and businesses operate. The objective is to provide the student with an educational background in what constitutes ethical conduct in businesses and accounting.

ACCT 531 - GLB/International Accounting
Hours: 3
The course exposes students to international financial reporting standards (IFRS) and related issues. Topics include comparative accounting, internationalization of capital markets, cross-border mergers and acquisitions, foreign currency translation, transfer pricing, and other issues.

ACCT 537 - International Taxes
Hours: 3
International Taxes - Three semester hours The course exposes students to international taxes, credits, planning, and transfer pricing concepts.

ACCT 538 - Indivi Income Tax
Hours: 3
Individual Income Tax Accounting - Three semester hours A study of income tax laws. Emphasis is given to the impact of the federal income tax on the individual taxpayer. Various research software and tools are utilized to solve practical tax problems.

ACCT 540 - Advanced Income Tax Accounting
Hours: 3
Advanced Income Tax Accounting. Three semester hours. A study of taxation of partnerships, corporations, estates, and trusts under current federal income tax law. An emphasis will be on solving practical problems using tax research tools and software. Prerequisite: ACCT 440.

ACCT 541 - Accounting Theory
Hours: 3
Contemporary Issues in Financial Accounting. Three semester hours. Selected contemporary and international issues in financial accounting will be covered with an emphasis on reading and interpreting professional accounting literature to prepare financial statements according to generally accepted accounting principles. This course is designed as a capstone overview of professional literature on financial accounting for majors in professional accountancy. However, the content is also appropriate for controllers and others interested in the application of generally accepted accounting principles. Prerequisites: ACCT 322, 521.

ACCT 550 - Sales, Franch & Other Tax
Hours: 3
Sales, Franchise, and Other Taxes - Three semester hours This course explores taxes imposed by state and local governments. Taxes include sales, income, real estate, franchise, use, and other types of taxes. Students are exposed to different taxing bodies that impose taxes and the justifications and amounts subject to taxation. Students will use online tax research services.

ACCT 551 - Advanced Issues in Taxes
Hours: 3
Advanced Issues in Taxes - Three semester hours This course examines advanced issues in taxes. Topics include multistate corporate taxation, individual taxes, international taxes, fiduciary responsibility and returns, and current topics. Students will use online tax research services.

ACCT 561 - Fraud Examination
Hours: 3
Fraud Examination. Three semester hours. This course covers the principles and methodologies of detecting and deterring fraud using accounting, auditing, and investigative skills. Topics include skimming, larceny, misappropriations, fraudulent financial statements, interviewing witness and support for litigation.

ACCT 562 - Forensic and Inv Acct
Hours: 3
Forensic and Investigative Accounting. Three semester hours This course covers important topics associated with modern forensic accounting. Topics include fraud auditing, litigation support, valuation, cybercrime, and other key forensic topics.

ACCT 563 - Adv Forensic Accounting
Hours: 3
Advanced Forensic Accounting - Three semester hours This course builds on topics covered in Forensic and Investigative Accounting. Topics include fraud auditing, litigation support, valuation, cybercrime, and other key forensic topics. The objectives include understanding the practices used by public accountants, internal auditors, prosecutors, special agents, investigators, and others used to examine and prosecute civil and criminal financial violations.

ACCT 564 - Practicum in Forensics
Hours: 3
Practicum in Forensics - Three semester hours Students must solve possible or alleged financial improprieties in both civil and criminal environments using structured cases. Students will respond to situations presented by the instructor. Students will simulate evidence and discovery gathering, obtaining and serving subpoenas, data analysis, interviewing, prosecution, and related activities.

ACCT 568 - Bus Law for Accountants
Hours: 3
Business Law for Accountants - Three semester hours Business Law and Regulation is the study of professional and legal responsibilities and legal implications of business transactions, particularly as they relate to accounting and auditing, and the application of that knowledge to common business transactions. This course provides knowledge of general business environment and business concepts needed to understand the underlying business reasons for and accounting implications of transactions. Our primary objective in this class is to transfer the body of knowledge needed to answer questions likely to appear on the CPA, CMA, CIA, or other professional examinations and to provide a foundation of knowledge of business law for accountants.

ACCT 569 - International Business Law
Hours: 3
International Business Law - Three semester hours The course is designed for accountants and others to study international business law. Students are exposed to international treaties, rules and, laws in a global environment.

ACCT 575 - Fin Statement Analysis
Hours: 3
Financial Statement Analysis - Three semester hours This course presents a framework for business analysis and valuation using financial statements. Topics include accounting analysis, valuation theory and concepts, forecasting, equity security and credit analysis.

ACCT 576 - Fund of Finc Planning
Hours: 3
Fundamentals of Financial Planning - Three semester hours This course exposes students to personal financial planning utilizing basic financial planning skills and tools. Topics include insurance, investment, income tax, business, retirement, and estate planning to some degree within this course. It is through some exposure to all of these sub-fields and discussion of how the planner facilitates effective planning in each of them that students will gain a more complete perspective of the field of financial planning and the requirements of being an effective financial planner.

ACCT 577 - Investment Planning
Hours: 3
Investment Planning - Three semester hours This course focuses on the theory and practice of investment planning. Emphasizing the tools and techniques necessary to build a portfolio using both financial planning techniques and theories employed by the financial planning industry. Topics covered include but are not limited to: basics of investment planning and financial markets, investment portfolio risk-return relationship, portfolio management, investment theories, modern portfolio theory, fundamentals of portfolio design, diversification and allocation, fundamental analysis, mutual fund selection, and financial planning issues in asset management.

ACCT 580 - Internship in Accounting
Hours: 4
The goal of this course is to gain relevant accounting knowledge equal to or greater than the knowledge gained in a traditional accounting classroom setting. The student will gain work experience in the student's field of study by developing specific work related skills to improve marketability upon graduation. The student will also build a network of professional contacts. Prerequisites: 12 hours of upper level accounting must be complete and Departmental approval.

ACCT 588 - Independent Acct Research
Hours: 3
Independent Accounting Research - Three semester hours This course challenges students to explore emerging and often controversial issues in accounting by using qualitative and/or quantitative research methodology. Students learn how to publish accounting research in peer reviewed publications using topics of interest.

ACCT 589 - Independent Study
Hours: 3
Individualized instruction/research at an advanced level in a specialized content area under the direction of a faculty member. May be repeated when the topic varies. Prerequisites: Consent of department head.

ACCT 595 - Accounting Research and Communication
Hours: 3
This applied course challenges students to research, analyze and communicate topics in accounting and/or tax by using qualitative and/or quantitative research methodology. Students also learn various effective methods accountants must use to communicate.

ACCT 597 - Special Topics
Hours: 1-4
Special Topics. One to four semester hours. Organized class. May be repeated when topics vary.

Accounting MSA

Megan Burke
Assistant Professor
C.P.A., (Virginia); B.S., Virginia Polytechnic Institute and State University; M.S., The College of William and Mary in Virginia; Ph.D., Virginia Polytechnic Institute and State University

Sandra Gates
Assistant Professor and Interim Department Head
BA., University of Houston-Downtown, MBA., University of Houston, Ph.D., Arizona State University

Gordon Heslop
Associate Professional Track Faculty
M.B.A., University of Southern Mississippi; D.B.A., Mississippi State University

Tim Wilson
Assistant Professor
C.F.E., B.S., University of Southern Mississippi; J.D., Ph.D., University of Mississippi