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C.W. Post Campus
School of Professional Accountancy
 
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The M.S. in Accountancy prepares students for careers in public accounting or industry. It is intended for students who have completed an undergraduate degree in accounting at an accredited college or university. The program is registered by the New York State Education Department to qualify for a one-year reduction of the experience requirement for CPA licensure. The one-year reduction of the experience requirement applies only to candidates who have completed the required prerequisites (or their equivalent). The New York State Education Department 150-hour program requires that certain content areas be met in the areas of professional accountancy, general business, and liberal arts and sciences. A student who is deficient in any prerequisite courses normally will be required to complete such courses before registering for graduate courses. In certain cases, students will be permitted to register for undergraduate prerequisites and graduate courses in his or her first semester in the graduate program. The graduate accounting advisor will assist a student in determining his or her eligibility for the program and CPA licensure.

Three concentrations are available in the M.S. in Accountancy: Information Systems, Taxation, and Professional Accounting.

M.S. in Accountancy

Full Course Descriptions

Core Requirements
(12 credits)
ACC 742 Financial Statement Analysis or ACC 709 Corporate Financial Reporting
ACC 750 Advanced Accounting Information Systems
ACC 753 Advanced Assurance Services and Computer Auditing
TAX 760 Tax Research or TAX 726 Tax Strategies for Management Decisions and Planning*
 

Information Systems Concentration

Taxation Concentration

Professional Accounting Concentration

Concentration
Requirements

12 credits from the following:

MIS 702 Data Base Management Systems

MIS 703 Mgt. Decision Support Systems

MIS 704 Mgt. and Systems Design Processes

MIS 705 Network Communication in Business

MIS 706 Advanced Programming Language

MIS 710 Info. Tech. Mgt. in a Multinational Business Environment

Other graduate information systems courses with approval of graduate advisor

9 credits from the following:


TAX 620 Tax Accounting

TAX 625 Federal Taxation of Estates, Gifts, and Trusts

TAX 729 State and Local Taxation

TAX 762 Procedures and Practices in Federal Taxation

TAX 771 Corporate Taxation

TAX 775 Partnership Taxation

9 credits from the following:


ACC 720 Not-for-Profit Entity Accounting

ACC 754 Fraud Examination

ACC 760 International Accounting

ACC 790 Accounting Seminar

Other 700-level accounting or taxation courses with approval of graduate advisor.

Additional
Requirements

6 credits from the following:

ACC 720 Not-for-Profit Entity Accounting

ACC 754 Fraud Examination

ACC 760 International Accounting

ACC 790 Accounting Seminar

Other 700-level accounting or taxation courses with approval of graduate advisor.

9 credits: Graduate business courses other than accounting or taxation courses.

Or

Specialization (9 credits in one of the following areas):

Corporate Financial Management

Financial Markets and Services

International Business

Management Information Systems

 

9 credits: Graduate business courses other than accounting or taxation courses.

Or

Specialization (9 credits in one of the following areas):

Corporate Financial Management

Financial Markets and Services

International Business

Management Information Systems

*Taxation concentration students must take TAX 760 Tax Research.


M.S. in Taxation

Full Course Descriptions


The Master of Science program in Taxation is designed to provide the student with the technical expertise needed to succeed as a tax professional. This requires a high level of knowledge and understanding of the fundamental principles and practices of taxation. Both entry-level and experienced professionals (i.e., accountants and attorneys) will benefit from this educational experience.

Emphasis is placed on tax planning, research of tax problems, and Internal Revenue procedures. Risk management and professional ethics are interwoven thoughout the curriculum. A specialized tax library, including computerized research tools, is maintained to facilitate research.

The program consists of a minimum of 30 credits of coursework: 18 credits in required core courses and 12 credits in specialized elective courses.

Required Prerequisites to the Program:

A four-year baccalaureate degree from an accredited institution, including 6 credits of accounting and 3 credits each of taxation and  business law, is normally required before formal entry into the program. A student who lacks any of these prerequisites is required to take them before registering for graduate taxation courses.

Required Core (18 credits):

TAX 620 Tax Accounting
TAX 625 Federal Taxation of Estates, Gift, and Trusts
TAX 760 Tax Research
TAX 762 Procedures and Practices in Federal Taxation
TAX 771 Corporate Taxation
TAX 775 Partnership and Limited Liability Entities

Taxation Electives (12 credits):

TAX 729 State and Local Taxation
TAX 772 Corporate Reorganizations
TAX 773 Consolidated Returns
TAX 776 Subchapter S Corporations
TAX 777 Estate Planning
TAX 779 Tax-Exempt Organizations
TAX 780 Fundamentals of Qualified Employee Benefit Plans
TAX 788 International Taxation
TAX 790 Seminar in Current Developments in Taxation
TAX 791 Independent Study

Note: A student may petition the program coordinator to substitute an accounting, business, or economics course as an elective. Such a substitution shall be limited to one course in the student's program of study. A minimum of 27 credits of coursework must be in the taxation field.


 
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