Master of Science in Accounting (M.S.)
The Master of Science in Accounting is a 30-hour graduate program that, in accordance with the mission of Liberty University, serves to educate the whole person, developing the values, knowledge, and skills individuals need to impact their business world. The goal is to develop accounting knowledge and expertise, within the Christian worldview, essential for functioning in a variety of accounting and business contexts.
Program Learning Outcomes
The student will be able to:
- Incorporate Christian worldview perspectives with the profession’s established code of professional conduct, when solving accounting ethical dilemmas.
- Evaluate and present scholarship relevant to accounting contexts.
- Solve complex accounting issues within various contexts.
Program Specific Admissions Requirements
In addition to the general admission requirements, graduation from the M.S. in Accounting requires:
- Earned baccalaureate degree or its equivalent from an institution accredited by an agency recognized by the U.S. Department of Education (e.g., SACSCOC, TRACS, ABHE, etc.)
- An undergraduate cumulative GPA of 3.00 or above (on a 4.00 scale)
- TOEFL (if applicable)
Students who do not meet the minimum GPA requirements may be admitted on Academic Caution status. Students who do not have course work in accounting, or do not have a Bachelor’s degree in accounting, will be required to take up to 21 credits of undergraduate prerequisites before beginning graduate level accounting course work.
Prerequisites For Admission
Prerequisites for admission to the Master of Science in Accounting program are:
|ACCT 211||Financial Accounting||3|
|ACCT 212||Managerial Accounting||3|
|ACCT 301||Intermediate Accounting I||3|
|ACCT 302||Intermediate Accounting II||3|
|ACCT 311||Cost Accounting I||3|
|ACCT 401||Taxation I||3|
It is recommended that students without an accounting undergraduate degree take ACCT 403 Governmental and Not-for-Profit Accounting (3 c.h.) in order to meet the governmental accounting course requirement for the CPA exam.
In addition to other regulations governing graduation, as stated in the Liberty University Catalog, M.S. in Accounting students must meet the following requirements:
- Complete 30 total hours.
- A maximum of 50% of the program hours may be transferred if approved and allowable, including credit from an earned degree from Liberty University on the same academic level.
- Maintain a 3.00 GPA to remain in the program, with no more than two C’s permitted (includes grades of C+ & C-). While all course grades are averaged into the GPA, credit toward degree completion is not granted for a grade of D (or D+/D-) or F.
- For information regarding the repeat policy, please refer to “Course Repeat Policy” in the Academic Information and Policies section of this Catalog.
- Additional requirements, beyond those listed on the degree completion plan, may be necessary depending upon the student’s academic background, and the degree being pursued (i.e. course prerequisites at the undergraduate level may be required before enrollment in graduate course work can take place).
- Degree must be completed within five years from the date of admission.
- Liberty University credits earned towards a degree must have been earned within the past seven years of the completion date, or students will be required to retake the course.
- Submission of Degree Completion Application must be completed within the last semester of a student's anticipated graduation date.
Delivery Format: Online Only
Online Prerequisite: Financial Accounting with a score of 3 and Managerial Accounting with a score of 3 and Intermediate Accounting I with a score of 3 and Intermediate Accounting II with a score of 3 and Cost Accounting with a score of 3 and Auditing with a score of 3 and Taxation with a score of 3
This advanced course seeks to equip the student with an in-depth understanding of business law specifically as it relates to the legal issues that are encountered by certified public accountants. This course is designed to further the student's knowledge and understanding of the law in such areas as the Uniform Commercial Code, contracts, securities regulation, organizational structure and formation, ethics, the Sarbanes-Oxley Act, property and insurance, and other forms of government regulation of business.
This course will examine the importance of analyzing and managing costs; activity-based management, process costing and cost allocation; planning and decisions making, and evaluating and managing performance. This course is designed primarily for accounting/finance majors who seek careers or are already employed in for profit corporations or not for profit organizations as public (such as CPAs) or private (such as controllers and/or CMAs or CFMs) accounting/business leaders in a fast changing, highly technically oriented society.
Online Prerequisite: Financial Accounting with a score of 3 and Managerial Accounting with a score of 3 and Intermediate Accounting I with a score of 3 and Intermediate Accounting II with a score of 3 and Taxation with a score of 3 and Cost Accounting with a score of 3 and Auditing with a score of 3
This course builds upon the student's existing basic knowledge of how accounting information systems function in today's business environment. It strongly emphasizes the internal control features necessary to provide accurate and reliable accounting data as it looks at how accounting information is recorded, summarized, and reported in both manual and computerized systems. Internal control as it applies to production processes as required by Rule 404 of the Sarbanes-Oxley Act of 2002 is part of this course.
This innovative course seeks to equip the student with an in-depth understanding of the best tax research methods while providing the student with the opportunity to analyze the statutory and judicial doctrines that collectively give rise to the conceptual framework of tax law. The students will engage in tax research that will give them the opportunity to understand, analyze, and apply these familiar tax doctrines to a host of sophisticated and contemporary fact patterns.
This course explores the taxation of estates, trusts, and gift returns, with a focus on estate planning.
This course examines the various taxation implications of pass-through entities, particularly as they apply to an individual���s personal tax return.
This course explores current topics within the field of corporate taxation, as well as the impact of corporate taxes on shareholders.
This advanced course provides students with actual applications of auditing procedures by exploring cases in which auditing was prominent and includes: Auditor's Ethical Responsibilities, Auditor's Responsibility to Detect Fraud, Event leading to creation of the Public Company Accounting Oversight Broad (PCAOB) and Classic Court Cases affecting auditors.
This advanced course in financial accounting theory presents an in-depth analysis of the historical development of accounting theory and its application to current and future accounting issues. The course utilizes a case approach that provides a blend of theory, practice, and research. The course enhances critical thinking skills by synthesizing the professional accountant's understanding and knowledge of accounting theory with the resolution of real world accounting problems. The course incorporates a global perspective with respect to the development and analysis of accounting standards.
This course explores current issues within the field of financial reporting by examining recent pronouncements from the Financial Accounting Standards Board (FASB), and how those pronouncements will affect financial reporting.
This course evaluates accounting ethics research in the context of a Christian worldview perspective and in relation to the development of the profession's code of professional conduct. The course examines the major ethical systems that exist today and distinguishes those that are compatible with a Christian worldview to enable the student to develop a sound framework for ethical decision making. The course present an in-depth analysis of the two prevailing ethical systems (rule deontology and utilitarianism) advocated for the accounting profession and examines their appropriateness in resolving accounting ethics dilemmas as they relate to the profession's code of conduct. The course also presents an ethical decision making model based on the profession's code of professional conduct that is compatible with a Christian worldview.
This course examines corporate fraudulent financial reporting and the impact on corporate governance issues.
This course provides an overview of the field of fraud examination, and discusses potential techniques to prevent fraud.
This course explores how information technology may be utilized as a tool to prevent and detect fraud
Topics of special interest not included in the regular department offerings. May be taken more than once, but no topic may be repeated.