Accountancy

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Department of Accountancy
University of Illinois
360 Wohlers Hall
1206 South Sixth Street
Champaign, Illinois 61820
Phone: 217-333-0857
Fax: 217-244-0902
Email: accy@illinois.edu


Bachelor/Master

The Bachelor/Master in Accounting Science (BSA/MAS) program prepares students for entry into both non-public and public accountancy careers through advanced study in an accountancy graduate program. This program includes preparation for the 150-hour requirement to be a candidate for the CPA examination in the State of Illinois. Admission to the Bachelor/Master in Accounting Science program is competitive and follows a two-stage process.

First Stage Admission

Students applying to the first stage should complete the First Stage Admission Application. Admission requirements for the first stage include:

  • Admission in good standing in the College of Business with a declared major in accountancy or ag accounting and at least 90 semester hours of credit by the start of the term for which the student seeks admission, including ACCY 301, ACCY 302, ACCY 303, and ACCY 304; must be completed or in progress at the time of application.
  • A grade point average of at least 3.0 (A=4.0) for the last three semesters of undergraduate course work and for undergraduate accountancy major course work (including both required and elective courses). The grade point averages will include both grades of any repeated courses. Students should take business courses for a grade. When calculating grade point averages, the Department will treat business courses with a grade of CR as a C- and those with a grade of NC as an F. Business courses include those with accountancy, business administration, finance, and economics rubrics.

Deadlines

Spring term: September 1
Summer or Fall term: February 1
*NO LATE APPLICATIONS WILL BE ACCEPTED

Application Checklist - First Stage Applicants

Below is a list of the materials the Department must receive for a complete file. All applications are handled online via a secure website. If for some reason you are unable to complete an online application, please contact our office via email at accy@illinois.edu, or by phone at 217-244-6591 to make alternate arrangements.

Required Deposit

The Department requires students who accept admission to the first stage of the BS/MAS program to submit a $1,500 deposit to reserve a space in the program. The deposit must be in the form of a check or money order payable to the Department of Accountancy University of Illinois at Urbana-Champaign and it must accompany a signed BS/MAS Deposit Disclosure Form.

The deposit and Deposit Disclosure Form are due upon student acceptance of the Department’s offer of admission to the program and the Department will not process admission until it receives the deposit.

The Department will apply the full deposit to the student’s account in the first term that the student registers as a graduate student in the MAS program. The deposit is refundable only in the event the Department does not accept the student’s application to the MAS program.

Non-Native Speakers of English

For the Second Stage application: Applicants (whose native language is not English) are required to take the TOEFL Internet-Based Test (iBT) or IELTS.  Please see Second Stage Admission for further details.

Second Stage Admission

Admission requirements for the second stage, which also requires admission to the Graduate College, include:

  • Admission in good standing in the Department’s Bachelor/Master in Accounting Science program and at least 120 semester hours of credit by the start of the term for which the student seeks admission, including ACCY 405.
  • A grade point average of at least 3.0 (A=4.0) for the last three semesters of undergraduate course work, for undergraduate accountancy major course work (including both required and elective courses) and for any graduate course work taken while in the first stage of the program. The grade point averages will include both grades of any repeated courses. Students must take business courses for a grade. When calculating grade point averages, the Department will treat business courses with a grade of CR as a C- and those with a grade of NC as an F. Business courses include those with accountancy, business administration, finance and economics rubrics.
  • Names and addresses of three academic references.
  • Applicants whose native language is not English are required to take the TOEFL Internet-Based Test (iBT) or the IELTS exam. The Department requires a total TOEFL score ≥ 103 or an IELTS score ≥ 6.5 (at least ≥ 6 on all sub-sections) to be exempt from the English Placement Test requirement. In addition, the Department requires a TOEFL speaking score ≥ 24 for purposes of admission and ≥ 26 for purposes of graduate assistantship and financial aid awards. The IELTS exam requirement for program admission and financial aid consideration is a speaking score of ≥ 8. There are no exemptions from the TOEFL iBT or IELTS exam.
  • A course plan should be completed with an Accountancy Academic Adviser.   Please call 217-333-5030 or go to room 1045 BIF to set up an appointment to meet with an Adviser.

Deadlines - NO LATE APPLICATIONS WILL BE ACCEPTED

Admission Application
Spring term: September 1
Summer or Fall term: January 15

Scholarship and Financial Aid Application
February 1

Minor/Concentration Application
February 1

Application Checklist – Second Stage Applicants

Below is a list of the materials the Department must receive for a complete file.

Students interested in applying for a concentration or minor will need to complete the appropriate application. The department administering the minor/concentration is noted in parentheses.

The admission requirements of the Graduate College also apply. Students are advised to familiarize themselves with the Graduate College Handbook.

Admission to the Graduate College will be on limited status prior to completing all requirements of the BS in Accountancy.

Tuition and Fees

Annual 2012-13 tuition (total for fall and spring semester) for the MAS program is $22,000 for residents and $28,500 for non-residents. In addition, university fees are listed at http://registrar.illinois.edu/financial/tuition.html

Program tuition and fees are set annually by the University Board of Trustees and are subject to change without notice.  Rate changes are usually effective at the start of the summer term of each academic year.

Degree Requirements

Students enrolling in the Bachelor/Master in Accounting Science program may pursue a minor in corporate governance and international business, finance, information technology and control or a concentration in taxation. A student who elects not to pursue a minor or concentration will select their electives to form a coherent program of study.

The course requirements for the MAS program for applicants pursuing the BS/MAS program are:

Grad Hours Courses
4 ACCY 510 – Financial Reporting Standards
4 ACCY 511 - Risk Measurement/Reporting I
4 ACCY 512 -  Risk Measurement/Reporting II
4 Accountancy elective
8 Non-accountancy electives
8 Electives (either accountancy or non-accountancy)
32 Total for MAS



The electives, both accountancy and non-accountancy, shall form a coherent program of study, which must be approved by a program adviser.  At least 20 of the 32 total graduate hours must be in 500-level courses and at least 24 of the 32 total hours must be earned while enrolled in the Graduate College at the Urbana campus. Students must maintain a minimum grade point average of 3.0 (A = 4.0) to continue in, and graduate from, the MAS program. All courses applied toward the 32 graduate hours required for graduation must be taken for grade and not on a credit-no credit basis.

Sample Schedule for Bachelor/Master in Accounting Science.

Once admitted to the first stage of the Bachelor/Master in Accounting Science program, but prior to Graduate College admission (the second stage), students may earn the equivalent of up to 8 graduate hours and apply those equivalent credit hours toward their Master’s degree requirements. In doing so, however, students cannot double count the credit from such courses toward their Bachelor’s degree requirements.

UIUC College of Business Department of Accountancy