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Students work on a project during a class in the Executive Education program in the Opus College of Business in Terrence Murphy Hall in Minneapolis on February 26, 2016.

Holistic and Comprehensive

MS in Accountancy Curriculum

Build Your Technical Expertise and Business Savvy

Delivered as a package of tightly woven concepts rather than stand-alone classes, our MS in Accountancy curriculum helps you become an analytical thinker, polished communicator, and principled leader. Get a holistic view of the complex accounting profession from a collaborative faculty with different areas of expertise and real-world experience.

In this 31-credit, 12-course program, you’ll take:

  • 7 core courses
  • 3 professional skills development courses
  • 2 elective courses
Explore core concepts in-depth from multiple perspectives, enhance your technical competency through advanced accounting courses, and develop a strong sense of business ethics from our comprehensive and well-rounded curriculum.
Junior Year J-term (3 credits)

Professional Development Seminar

Senior Year Fall Semester (3 credits)
International Accounting
Advanced Managerial Decision Making
Senior Year J-term (3 credits)
Professional Communication
Senior Year Spring Semester (3 credits)
Tax Research
Forensic Accounting
After graduating with BA degree in accounting
Summer Semester (4 credits)
Professional Licensure Preparation and Strategy
Fall Semester (9 credits)
Financial Reporting
Financial Statement Analysis
Elective
Spring Semester (6 credits)
Transaction Analysis and Corporate Strategy
Elective
Junior Year J-term (3 credits)

Professional Development Seminar

Senior Year Fall Semester (3 credits)
International Accounting
Advanced Managerial Decision Making
Senior Year J-term (3 credits)
Professional Communication
Senior Year Spring Semester (3 credits)
Tax Research
Forensic Accounting
After graduating with BA degree in accounting
Summer Semester (4 credits)
Professional Licensure Preparation and Strategy
Fall Semester (9 credits)
Financial Reporting
Financial Statement Analysis
Elective
Spring Semester (6 credits)
Transaction Analysis and Corporate Strategy
Elective
Fall Semester (12 credits)
Advanced Managerial Decisions
International Accounting
Financial Reporting: Contemporary and Emerging Issues
Financial Statement Analysis
Elective
J-term (6 credits)
Professional Development
Professional Communication
Spring Semester (9 credits)
Tax Research
Forensic Accounting
Transactional Analysis and Corporate Strategy
Fall Semester (12 credits)
Advanced Managerial Decisions
International Accounting
Financial Reporting: Contemporary and Emerging Issues
Financial Statement Analysis
Elective
J-term (6 credits)
Professional Development
Professional Communication
Spring Semester (9 credits)
Tax Research
Forensic Accounting
Transactional Analysis and Corporate Strategy

Core Classes

The MS in Accountancy has 10 required courses (25 credits), with seven core classes, two professional skills development seminars and one course dedicated to preparing you for professional certification.

(ACCT 555) – 1.5 credits

Learn the fundamental procedures for income tax research and the principles involved in tax planning. Develop your ability to read, interpret and use the primary and secondary sources of tax law, including the Internal Revenue Code, regulations, administrative pronouncements and judicial decisions.


(ACCT 560) – 1.5 credits

Study various aspects of financial fraud—including fraud types, prevention and detection—and analyze real-world cases. Learn how forensic accounting, internal auditing and independent auditing are connected.


(ACCT 565) – 1.5 credits

Learn how to analyze and summarize data to make educated cost decisions for an organization. Develop your persuasive writing skills to make strong recommendations and support your conclusions. Get familiar with ERP software and its use within a manufacturing organization with our SAP simulation.


(ACCT 571) – 3 credits

Hone your professional image by developing your goal setting, strategic thinking and creative problem-solving skills. Learn how to resolve conflicts, team build, motivate, lead change, and evaluate performance on your team. Get tips for honing your professional business development from guest accounting professionals.


(ACCT 572) – 1.5 credits

Examine how accounting principles and practices compare among countries, and how differences often stem from cultural, socioeconomic, and political factors. Study the implications of these differences in accounting principles and discuss how they affect internal and external accounting information for companies with international operations.


(ACCT 580) – 3 credits

Develop effective communication skills within the accounting profession and analyze the ethical dimensions of business communications. Expand your knowledge of spoken, listening, visual and nonverbal communication skills in a business environment.


(ACCT 705) – 3 credits

Develop your ability to understand and interpret the financial statements and disclosures of firms prepared according to generally accepted accounting principles. Learn how to analyze financial statements and make financial statement adjustments. Get familiar with fundamental ratio analysis, forecasting, and valuation as well as the ethical aspects of accounting.


(ACCT 707) – 3 credits

Get an introduction to the types of accounting analysis required to set and achieve strategies for your clients or company. Study three primary focus areas (corporate governance, capital allocation, and the acquisition lifecycle) with an emphasis on the accounting and reporting of transactions. Trending accounting topics will determine your secondary focus areas.


(ACCT 770) – 3 credits

Participate in an intensive, critical analysis of important current and emerging financial accounting and reporting issues, with an aim to protect public interests. Examine business and financial situations in light of developing issues and recent, relevant pronouncements.


(ACCT 799) – 4 credits

Get a thorough academic understanding of CPA exam material and learn how to apply your knowledge instinctively. The course prepares you to sit for all four parts of the Uniform Certified Public Accounting examination: Financial, Auditing and Reporting; Auditing; Business Environment Concepts; and Regulation.


Electives

Build additional skills by filling the rest of your program with two elective courses (6 credits) of your choosing.

(FINC 701) - 3 credits

This course builds on the concepts learned in "Financial Management" and their application to financial strategies that create shareholders' wealth. It explores in depth the relationships of cost of capital, optimal capital structure, cash flows and residual income concepts in the valuation of firms. Related topics include corporate governance, mergers and acquisitions, leveraged buyouts, spin-offs, off-balance-sheet entities, dividend policy, stock repurchases, agency issues in corporate control and managerial incentive systems, use of derivatives as financial tools, and applications of option pricing theory to corporate valuation.


(MGMT 623) - 3 credits

The field of project management is young and constantly changing. Companies seek to reduce development cycles while increasing the technological complexity of their products. Corporate downsizing has increased the average workload and reduced the resources available for project development. Sound familiar? This course will discuss the fundamental basis for scheduling and project scope difficulties, and provide tools for creating practical solutions. We will become more aware of why we encounter similar pitfalls with each new project. 


(MGMT 808) - 3 credits

This course explores the major concepts of negotiation inherent in any business or personal situation. The focus will be on interpersonal and inter-group conflict and its resolution. Through the analysis of bargaining and conflict situations, students will be able to learn their own individual "negotiating styles." Some of the major elements of the course include distributive (win-lose) negotiations, integrative (win-win) negotiations, the use of power in negotiations and negotiation ethics. Negotiation cases will be used extensively in the course to allow students to improve their negotiation skills through "hands on" scenarios. 


(OPMT 605) - 3 credits

The primary goal of this course is to develop a better understanding of data analysis for business research, emphasizing the interpretation of data rather than calculations. Building upon the groundwork provided by the core MBA statistics course (OPMT 600), topics will include techniques commonly used in business such as logistic regression, two-way analysis of variance, and statistics for scale development. These skills are very relevant for students who are involved in marketing research and survey development. Course deliverables will include a project, potentially based on a situation or analysis from students' workplaces or industries.


(OPMT 621) - 3 credits

This course is focused on developing the quantitative, analytical skills needed to gain insight into the resolution of practical business problems. Students will learn how to analyze and solve management problems using spreadsheet-based methods. Specific methods of clarifying objectives, developing alternatives, addressing trade-offs, and conducting a defensible quantitative analysis will be presented. Topics include spreadsheet modeling, linear programming, transportation modeling, decision analysis, project management, and simulation. Students will also be introduced to building decision support models using Visual Basic Applications (VBA).


(SEIS 632) - 3 credits

The course provides an introduction to concepts and techniques used in field of data analytics and visualization. Data analytics is defined to be the science of examining raw data with the purpose of discovering knowledge by analyzing current and historical facts. Insights discovered from the data are then communicated using data visualization. Topics covered in the course include predictive analytics, pattern discovery, and best practices for creating effective data visualizations. Through practical application of the above topics, students will also develop proficiency in using analytics tools.


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St. Thomas Opus College of Business is an incredible place to learn, meet inspiring peers and mentors, and build a strong career path. Don't just take our word for it—experience St. Thomas firsthand. Visit a class, attend an info session, or chat with the admissions team.