Course Catalog

Master of Accountancy (MAcc)

The Gonzaga Master of Accountancy (M.Acc) program provides a strong framework of courses promoting development and enhancement of the intellectual, technical, analytical, and interpersonal skills, which are critical in today's business environment. The M.Acc program is intended for those who are looking to pursue a career in the audit function of public accounting or in industry.

Gonzaga offers an Accelerated M.Acc program for current Gonzaga undergraduate accounting majors. If accepted into the program, they may take up to nine credits of graduate-level courses during their senior year with the permission of their graduate advisor. Students may apply for the Accelerated M.Acc program after successful completion of ACCT 360 Intermediate Accounting I. To be considered for admission for the Accelerated M.Acc, students should have completed 75 credit hours with a minimum cumulative GPA of 3.20 and have earned at least a C+ in each upper-division accounting course across a minimum of six upper division accounting credits. Students must be admitted to the M.Acc program before enrolling in any graduate-level class.

Admission Requirements

Admission decisions are based on the evaluation of the following factors: cumulative grade point average (GPA), two confidential recommendation letters, and resume with relevant work experience. Each applicant must submit the following materials to the Graduate School of Business:

  1. A completed application form and a non-refundable application fee.
  2. Two online recommendations from professors, supervisors or managers.
  3. One official set of transcripts from each college or university attended. International students must submit foreign transcripts in the original language and an English copy. A course-by-course report from ECE (Educational Credentials Evaluators) or WES(World Education Services) is to be sent directly to Graduate Student Services. Only degrees and courses from a regionally accredited institution will be accepted. We will accept e-scrip transcripts.
  4. A professional resume detailing relevant work experience and professional objectives.
  5. Answer to the essay question on the application. 

International Applicants must also submit:

  1. An official TOEFL score of at least 88 (IBT), 230 (CBT), 570 (PBT) or an IELTS score of 6.5 or above by each international applicant who has graduated from a foreign college or university and whose native language is not English.
  2. A financial declaration and supporting documentation.
  3. In addition, the Graduate School of Business may require a personal interview with incoming international applicants. A deficiency in written or spoken English may be remedied by the successful completion of English and speech courses, which may be required for securing admission.
  4. A virtual interview may be required.            

Graduate business programs are open to qualified holders of a baccalaureate degree from an accredited institution regardless of undergraduate major field of study. The goal of the admission policy is to select degree candidates who demonstrate high potential for academic and professional success. Students of promise normally exhibit at least a 3.00 cumulative grade point average.

A prospective student may enroll for one semester as a non-matriculated student for a maximum of one to two graduate business courses. The Graduate Program Director can elect to confer non-matriculated status to a student of demonstrated potential that has applied for admission but who may not have been able to complete the application process prior to the start of classes.

Tuition refunds are dependent upon the relevant Academic Calendar. Courses offered outside of the advertised semester-long schedule are subject to a refund of tuition that may be different from the standard University schedule.

M.Acc Prerequisite Requirements

Prior to enrolling in graduate coursework required for the degree program, M.Acc students are required to complete the following prerequisite coursework:

  • Intermediate Financial Accounting 1 & 2
  • Cost Accounting
  • Principles of Taxation
  • Auditing

Prerequisites may be waived at the discretion of the Director.

Admitted students must consult with their advisor before registering for their first semester in order to evaluate their prerequisites and to develop a plan for completing any that are needed. Prerequisites can be fulfilled by successfully completing the appropriate three credit prerequisite course.

Prerequisite course credits are not counted toward the graduate degree program credits. They must be taken in addition to the 30 credits required for the M.Acc degree.

M.Acc Prerequisite Grading Policy:

The MACC 500 prerequisite courses are not Satisfactory/Non-Satisfactory. The grading policy will remain the same with traditional letter grades. If a student earns a "C-" or lower in a MACC 500 level course, it will be treated as an "F" and no credit will be given.  The failing grade will be calculated into the overall graduate GPA on the student transcript. If a student re-takes the MACC 500 level class and successfully passes it the second time, then the failing grade will remain on the transcript, but will be removed from the overall graduate GPA calculation and credit will be given.

CLEP Exam Grading Policy

A 50 scaled score is required to pass (75%)

The following foundation (pre-requisite) courses are required for the M.Acc degree. Students may complete these courses after admission to the program: 

  • MACC 560 Intermediate Accounting I
  • MACC 561 Intermediate Accounting II
  • MACC 563 Cost Accounting
  • MACC 565 Federal Taxation
  • MACC 564 Auditing

Degree Requirements

A total of thirty (30) credits of graduate coursework is required for the Master of Accountancy degree. Students must maintain a 3.00 or better grade point average.

MACC 600 Orientation Workshop 0 credit
MACC 601 Power Query/Power Pivot 2 credits
MACC 603 Financial Accounting for Income Taxes 3 credits
MACC 611 Data Analysis for Accountants 2 credits
MACC 622 Advanced Analytics for Accounting 3 credits
MACC 641 Financial Statement Analysis 3 credits
MACC 663 Accounting Theory 3 credits
MACC 664 Professional Ethics 2 credits
MACC 665 Audit Research and Practice 3 credits
MACC 667 Corporate Governance 3 credits
MACC 677 Sustainability Accounting 1 credit
Electives* 6 credits

*Electives must be approved by the graduate advisor

MACC 560 Intermediate Accounting I
3.00 credits
An intensive study of financial accounting theory and practice. Topics include recognition, measurement, and reporting and assets, liabilities, corporate equity, revenues and expenses; preparation and analysis of the principal financial statements.
Equivalent:
ACCT 360 - OK if taken since Summer 1 2012
MACC 561 Intermediate Accounting II
3.00 credits
Continuation of MACC 560. Spring and Summer.
Equivalent:
ACCT 361 - OK if taken since Summer 1 2012
MACC 563 Cost Accounting
3.00 credits
An examination of the mechanics and application of accounting principles and concepts for planning, control, and decision making. Topics include cost behavior, job, process, and standard cost systems; budgeting and control; and activity-based costing.
Equivalent:
ACCT 363 - OK if taken since Summer 1 2012
MACC 564 Auditing
3.00 credits
A study of auditing concepts and practices. Includes audit planning and procedures, EDP auditing, statistical sampling, ethical considerations, and report writing.
Equivalent:
ACCT 464 - OK if taken since Summer 1 2012
MACC 565 Federal Taxation I
3.00 credits
Fundamentals of federal taxation with emphasis on individual taxation and tax planning. Topics include income, deductions, losses, and credits in addition to capital asset and other property transactions.
Equivalent:
ACCT 365 - OK if taken since Summer 1 2012
MACC 590 Independent Study
.00- 3.00 credits
MACC 600 Orientation
.00 credits
This zero credit Orientation is held one evening per semester just prior to the start of classes. It must be taken during the student's first semester in either the Master of Accountancy or Master of Business Administration programs. Topics include an orientation to the Graduate School of Business programs, University facilities available to students, team-building, communications, and case analysis.
MACC 601 Power Query/Power Pivot
2.00 credits
Students in this course will learn to harness the full power of Excel to become more effective and efficient users in the context of solving a wide variety of business and non-business problems. Students will develop expertise in the use of advanced formula techniques and sophisticated lookups.
MACC 603 Financial Acct for IncomeTaxes
3.00 credits
Audit professionals are frequently called upon to review the income tax accrual contained in audit work papers. This course focuses on the basic and some of the more common complexities encountered in accounting for income taxes under ASC Topic 740, Income Taxes.
MACC 611 Data Analysis for Accountants
2.00 credits
A study of the role of big data and analytics in business, accounting practices in particular. The course includes coverage of the theory and practice of data visualization, statistical methods, analytical models, and an introduction to software tools and applicable programming languages to facilitate the analysis of data.
MACC 622 Advanced Analytics for Acct
3.00 credits
A study of advanced concepts in data analytics for accountants. Includes accounting related decisions based on advanced data acquisition, data mining and visualization techniques.
MACC 634 Behavior Iss in Managerial Acc
1.00- 2.00 credits
MACC 635 Business Behaving Badly
1.00 credit
This course examines the psychological and behavioral problems faced by managers. Students will study job burnout, budgetary slack, and the potential unintended consequences of using accounting numbers in incentive systems.
MACC 641 Financial Statement Analysis
3.00 credits
This course provides an overview of the use of financial statement information in business analysis. As such, it will attempt to increase comprehension of financial statements in their related footnotes, introduce several tools and procedures common to financial statement analysis, expand understanding of the relationship between business transactions, environmental forces (e.g., political, economic, social) and reported financial information, examine how financial statement information can help solve certain business problems, and encourage logical and creative thinking about the strengths and weaknesses of information available to decision-makers.
MACC 660 Advanced Financial Accounting
3.00 credits
Advanced topics in financial accounting, theory and practice. Subjects include incorporate investments, consolidated financial statements, international accounting, partnerships, and accounting for governmental and NFP entities.
MACC 661 Professional Writing Workshop
1.00 credit
This course will emphasize the fundamentals of business writing in a professional accounting environment. Offered as needed. Elective.
MACC 662 Adv Top in Finance Accounting
3.00 credits
This course examines emerging and advanced topics in financial accounting and reporting. Students will use case studies, accounting standards, and evolving literature to examine topics of importance in the accounting profession today. Offered as needed. Elective.
MACC 663 Accounting Theory
3.00 credits
This course examines the hypothetical, conceptual, and pragmatic principles which form the general frame of reference for financial accounting and reporting.
MACC 664 Professional Ethics
2.00 credits
This course examines the literature of general and business ethics as well as codes developed specifically for practicing accountants. Attention is given to challenges faced by accounting professionals in both public and corporate practice. Case studies are used extensively to challenge and sensitize students to the issues they are likely to encounter in practice; various methods of understanding and solving ethical dilemmas are considered.
MACC 665 Audit Research & Practice
3.00 credits
This course examines various theoretical and practical applications of the changing auditing discipline. Authoritative attestation and auditing literature is studied as well as recent PCAOB pronouncements. Case studies are used to consider risk assessment, independence issues, internal control evaluation, and audit processes. This course also emphasizes the development of research and professional writing skills in the context of the assurance function.
MACC 666 Federal Taxation II
3.00 credits
This course covers corporate, partnership, estate and gift, and international taxation. Current issues in taxation relating to both business and individual taxation will be discussed, along with an examination of tax procedure and tax practice.
MACC 667 Corporate Governance
3.00 credits
In this course, students will examine current accounting, auditing and financial reporting issues through a corporate governance lens, including internal control, internal auditing, board/audit committee roles and oversight, managerial incentives, laws/regulation, and external market forces.
MACC 668 Not-For-Profit Accounting
2.00 credits
This course investigates accounting principles and procedures as applied to governmental and not-for-profit organizations such as universities, health care agencies, and health and welfare organizations.
MACC 670 Fraud &Forensic Examination
3.00 credits
This class provides prospective auditors, accountants, and managers with an awareness of the extent and significance of fraudulent activity, and an understanding of the methods and techniques of prevention and detection. Consideration is given to (1) asset misappropriations and other fraud against the company, committed by employees, suppliers, and others, (2) consumer fraud, and (3) fraudulent financial reporting, along with the role of ethics and corporate governance in minimizing fraud.
MACC 671 Forensic Accounting Lab
3.00 credits
Called the "Justice for Victims Project," this class is a joint program with members of the community (law enforcement, prosecutors, and local certified fraud examiners), that provides a select group of students with an opportunity to investigate real cases of suspected fraud that are referred by local law enforcement. Students are assigned to teams and are supervised by faculty and by mentors from the Spokane Chapter of the Association of Certified Fraud Examiners. The cases are selected based on financial need of the victim (primarily local small businesses and non-profit organizations). Student teams must complete a written forensic accounting report on their case, an internal control recommendation report for the client, and a formal presentation to law enforcement outlining their results. Enrollment is by application only.
MACC 677 Sustainability Accounting I
1.00 credit
Students will refine their writing skills while learning about corporate sustainability disclosure. Students will also examine the connection between sustainability performance and financial performance and the CPA's role in providing assurance on sustainability information. Offered each semester.
MACC 678 Sustainability Accounting II
1.00 credit
A continuation of MACC 677, this course further explores SEC reporting requirements and how they relate to sustainability reporting. Recent amendments to Regulation S-K disclosure requirements will be discussed, including human capital disclosures. Students will also learn about examinations and reviews of sustainability information and the applicability of the COSO Framework to sustainability performance data.
Prerequisite:
MACC 677 Minimum Grade: C-
MACC 679 International Accounting
2.00- 3.00 credits
This course will compare and contrast accounting and financial reporting under International Financial Reporting Standards and U.S. GAAP, using official pronouncements, cases, and problems.
MACC 690 Directed Study
1.00- 3.00 credits
Guidelines are available in the Graduate School of Business Office. Requirements must be met before registration.
MACC 694 Team Building Intensive
2.00 credits
This intensive, 2-credit course combines the highly interactive, challenge activities and in-class and outside assignments.
MACC 695 Management Consulting
3.00 credits
Practicum in providing management assistance to businesses and non-profit organizations in marketing, management, finance, accounting, information systems, operations and related case problems. The course will also examine the management of the consulting process and the role of the consultant as an agent of organizational change.
MACC 696 New Venture Lab
1.00- 3.00 credits
The New Venture Lab (NVL) Internship provides graduate students with a venue to apply the skills they have developed during their educational endeavors by allowing them to collaborate with local entrepreneurs on a variety of consulting projects. Students can choose to do the internship for 1 to 3 credits; each credit requires 60 hours of work. The NVL is an unpaid internship. As with any internship, students must complete an application and interview process in order to be considered for the NVL Internship Program.
MACC 697 Internship
.00- 3.00 credits
Relevant work experience is required that is commensurate with a student's professional interests. Guidelines and criteria are available from the School of Business Administration Internship Director.
MACC 699 Special Topics
1.00- 3.00 credits
These seminars offer coverage of current topics of importance to the accounting profession. This course may be repeated for credit with a change in subject matter.