Preparing for the One-Year MAcc

Information on preparing for the One-Year MAcc 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 credit-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 College of Business’ 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
  • MIS 301 – Business Analytics**
 

*MIS 301 is a new prerequisite for admission to the Fall 2019 start date of the One-Year MAcc Program. 

As part of the admissions process, the Accounting Department will evaluate the applicant’s completed and planned coursework to ensure that it satisfies the One-Year MAcc Program’s prerequisites. Applicants to the program must present a plan for obtaining the coursework in accounting that constitutes the prerequisites for required MAcc courses.

One way to obtain the One-Year MAcc Program prerequisite coursework is to enroll in Penn State summer session offerings. 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 Sessions 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’s summer offerings.

Juniors who are interested in pursuing and applying to the One-Year MAcc Program should consult with the Director, Scott Collins, regarding undergraduate course selections while completing their undergraduate degree. They should avoid scheduling courses that are duplicative of the One-Year MAcc curriculum (see table below) as part of their undergraduate studies.

Penn State Undergraduate Course

Equivalent Penn State Graduate Course

Course Description

ACCTG 406

ACCTG 806

Corporate Taxation

ACCTG 432

ACCTG 432

Accounting Information Systems

ACCTG 440

ACCTG 440

Advanced Managerial Accounting

ACCTG 473

ACCTG 873

Advanced Financial Accounting

ACCTG 481

ACCTG 881

Financial Statement Analysis

ACCTG 483

ACCTG 803

Forensic Accounting

B LAW 444

B LAW 444

Advanced UCC

FIN 405

FIN 531

Financial Management

 

*Please note that jurisdictional requirements are subject to change.