Admissions

Admission to the Master of Accounting Science program depends upon whether a student will have completed the undergraduate accountancy curriculum at ILLINOIS (i.e., ACCY 301, 302, 303, 304, 312, 405, and 410).  Students who will complete the ILLINOIS undergraduate accountancy curriculum and are currently enrolled in the initial stage of the BS/MAS program at ILLINOIS are eligible to apply to the graduate portion of this program.

Students who will complete the accountancy major requirements from another accredited college or university should refer to the Master of Science in Accountancy (MSA) Program for information on the admission process and degree requirements.

The Master of Accounting Science (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 and the 30 accountancy credit hour requirement to be a candidate for the CPA examination in the State of Illinois.

Program Structure

The BS/MAS program is open to students that are current ILLINOIS Accountancy undergraduates.  Students apply to the program during the junior year (approximately one and a half years ahead of when graduate study will begin) by completing the Initial Application.  Students are informed of an initial admission decision by the middle of the spring semester of junior year.  This enables students to plan coursework, internship opportunities, and study abroad programs accordingly.

During the senior year, students complete necessary course prerequisites for the graduate year. A second application to the University’s Graduate College is required in the middle of senior year.  The Graduate College then makes the final determination of admission. All graduate coursework is completed during the graduate year, which is usually the fifth year of study.

Deadlines (Initial Application)

February 1
The February 1, 2015 deadline is for students that would like to enroll in the MAS in fall 2016.

September 1 (admission based on availability)
If space is available, the Department may also accept applications due September 1, 2015 for students that would like to enroll in the MAS in fall 2016.  Since the February 1 deadline is the primary application deadline, spaces may be limited and admission may be more competitive.  It is not guaranteed that space will be available.

Initial Application Eligibility
To be eligible for initial application, students must have a senior semester or senior year remaining after the initial term of application. For example, a student that applies to the program by February 1, 2015 must still have remaining course work left to take during the fall 2015 semester, or the 2015-2016 academic year. Students graduating in May 2015 or August 2015 would not be eligible to apply. Alumni are also not eligible. September 1 applicants that have a spring semester internship in the immediate term following application submission are eligible. Students are encouraged to meet with an Accountancy Adviser if they have questions about eligibility.

Seniors that would like to pursue graduate education at ILLINOIS, but who missed the BS/MAS Initial Application, may apply to the Department’s MSA program.  College of Business Accountancy alumni that did not pursue the BS/MAS program as undergraduates are also eligible to apply to the MSA.

*NO LATE APPLICATIONS WILL BE ACCEPTED*

APPLY

Admission Requirements

    • Admission in good standing in the College of Business with a declared major in accountancy.
    • A grade point average of at least 3.0 (A=4.0) for all undergraduate course work and for all undergraduate accountancy 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.
    • 3.0 grade point averages do not guarantee admission since admission may be more competitive depending on the number of applications received.
    • Names and addresses of two academic references. Letters of recommendation are not required.
    • A course plan must be completed with an Accountancy Academic Advisor.  Please schedule an appointment with your advisor at https://my.business.illinois.edu/.

Optional:

    • A personal statement and/or resume.

Required Deposit

The Department requires students who accept admission to the BS/MAS program to submit a $1,000 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 graduate college application to the MAS program.

Graduate College Application

If you are initially admitted to the BS/MAS program during your junior year, you will need to complete a second application to the Graduate College. The Graduate College will then make the final determination of admission.  Students must have been accepted to the program after the Initial Application and have paid the required deposit to be eligible for the Graduate College application.

Admission requirements to the Graduate College include:

    • Admission in good standing in the Department’s BS/MAS 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 and of all undergraduate accountancy major course work (including both required and elective courses). 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. Letters of recommendation are not required.
    • Applicants whose native language is not English must satisfy the Graduate College’s English Proficiency Requirement.
    • A course plan must be completed with an Accountancy Academic Advisor.   Please schedule an appointment with your advisor at https://my.business.illinois.edu/.

Deadlines – NO LATE APPLICATIONS WILL BE ACCEPTED

Graduate College Application:   January 15
Scholarship and Financial Aid Application:  February 1
Concentration Application:  February 1

(Note: The Graduate College Application due January 15, 2015 for fall 2015 is for students who were previously admitted to the BS/MAS program during the 2/1/14 or 9/1/14 initial application deadline phase, and accepted an offer of admission by paying the required deposit.)

Application Checklist – Graduate College Applicants

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

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.

Curriculum Notes

MAS degree requirements and a Sample Schedule are located in the MAS Curriculum section of the website.   Students admitted to the BS/MAS program during junior year will need to plan on the following courses:

ACCY 405 – Audit and Attestation (prerequisite for ACCY 515, Auditing Standards and Practice)

    • Note: Beginning fall 2015, BS in Accountancy students *not* enrolled in the BS/MAS program will take ACCY 415 instead.  ACCY 405 will only be open to BS/MAS students.

FIN 300 – Financial Markets (prerequisite for ACCY 510, Financial Reporting Standards)

ACCY 410 – Advanced Financial Reporting (prerequisite for ACCY 510 beginning fall 2015)

    • Note: ACCY 410 is offered for 3 undergraduate hours or 4 graduate hours.  Students are encouraged to complete ACCY 410 as an undergraduate for 3 hours; however, it is possible to complete the class in fall of the MAS year if needed.

ACCY 451* – Federal Income Tax Problems (*only a prerequisite for students planning to pursue a Concentration in Taxation during the graduate year, but still recommended for all students.) ACCY 451 is also offered for 3 undergraduate hours or 4 graduate hours.

Effective fall 2014, students are permitted to take ACCY 510, Financial Reporting Standards, and ACCY 511, Risk Measurement and Management I, concurrently.