The earliest opportunity to apply to the One-Year MAcc Program begins in January of the undergraduate junior year. Offers of admission are conditional on satisfactory completion of remaining undergraduate course work (including course work equivalent to a specified sequence of Penn State undergraduate accounting courses) and obtaining a bachelor's degree before entering the One-Year MAcc Program.
The One-Year MAcc Program is only offered in a traditional classroom setting during daytime hours. Students can only begin the program during the fall semesters and cannot be a part-time student while in the program. We also do not offer the program online.
Preparing for the One-Year Program
The One-Year MAcc Program provides a point of entry to the accounting profession for students from a wide range of academic backgrounds. While reaching the 150-hour requirement will meet the licensure requirements for any jurisdiction in the U.S., each jurisdiction additionally prescribes minimum credit-hours in specified subject areas. The credit hours and perquisite courses provided by the Smeal One-Year MAcc Program fulfill the licensing requirement for the Commonwealth of Pennsylvania and many other states. *
The following Penn State courses (or their equivalents at another institution) are prerequisites for the One-Year MAcc Program:
- ACCTG 211 - Introductory Financial and Managerial Accounting
- ACCTG 403w - Auditing
- ACCTG 404 - Managerial Accounting
- ACCTG 405 - Principles of Taxation
- ACCTG 471 - Intermediate Financial Accounting I
- ACCTG 472 - Intermediate Financial Accounting II
As part of the admission process, the Accounting Department will evaluate the applicant's completed and planned course work to ensure that it satisfies the One-Year Program's prerequisites. Applicants to the program must present a plan for obtaining the course work in accounting that constitutes the prerequisites for required MAcc courses.
Applicants should note that Penn State's Smeal College of Business offers the entire suite of One-Year MAcc Program accounting course prerequisites over Summer Session 1 (mid-May to end of June) and Summer Session 2 (end of June to mid-August) on the University Park campus. This way, most college graduates can obtain the One-Year MAcc Program prerequisite coursework by enrolling in Penn State summer session offerings.
* Please note that jurisdictional requirements are subject to change.
Tuition for the Class of 2014 is $31,500. This amount includes the three required fees (Information Technology, Facilities, and Activities fees) that the University charges.
This fee does not cover textbooks and supplies. These are additional costs to be paid by the student.
A non-refundable deposit of $500 is required to formally accept an offer of admission to the One-Year MAcc Program. This deposit will go toward your fall tuition payment.
Tuition payments are due based on the Bursar's schedule. Fall tuition is due in August, spring tuition is due in December, and summer tuition is due in May.