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Career Opportunities

"Did you know that the MAcc degree is increasingly becoming the standard of entry into the profession? From 1999 to 2009, the number of accounting graduates entering the profession with Master’s degrees increased 105%, compared to an increase of 37% for undergraduates (AICPA, 2008). To keep
our students competitive in the national workplace, we are working very hard to respond to this national trend. Our 5 year degree MAcc program has been designed to offer new courses, new faculty, new student events, and new interactions with the professional community. I am particularly grateful to our professional constituents who make the MAcc experience even more valuable."

- Dr. Gary Peters, MAcc Program Director

 

The skills and knowledge needed in the accounting profession are changing as quickly as technology and practices in the business world. The Master of Accountancy (MAcc) program at the Sam M. Walton College of Business will provide you with a broad-based accounting education where critical thinking, creative problem solving, and professional determination are encouraged.

Career Opportunities

A major in accounting is preparation for success in the business world. Every business needs accounting help, whether it is the largest retail company in the world, a small family-owned enterprise, an agency for the homeless, or a musical group touring the country. The accounting major provides an excellent foundation for a variety of careers.

Other Important Resources

Accounting Major Requirements

hours

Complete the requirements for a B.S.B.A. degree as listed under Degree Requirements

60

Total General Education 33
Walton College Core Requirements (See Degree Requirements) 27

Course Requirements in the Major
ACCT 2013 Accounting Principles 3
ACCT 3533 Accounting Technology 3
ACCT 3613 Managerial Uses of Accounting Info 3
ACCT 3723 Intermediate Accounting I 3
ACCT 3753 Intermediate Accounting II 3
ACCT 3843 Fundamentals of Taxation 3
ACCT 4673 Product, Project and Service Costing 3
ACCT 4963 Audit and Assurance Services 3

Choose a total of three hours from any of the following courses:

3
ACCT 310V Spring Accounting Internship  
ACCT 410V Special Topics  
ACCT 4003H Honors Accounting Colloquium  
ISYS 2263 Introduction to Information Systems Development  
WCOB 4213 ERP Fundamentals  
Walton College Study Abroad Course  

Junior- senior-level electives within Walton College

12
Maximum of 30 hours of ACCT courses in department (core, major, elective).
More than 30 hours allowed if the extra courses are part of interdisciplinary minor or collateral track
Total Walton College Requirements 60
Total Degree Requirements 126

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Career Opportunities

The International Business B.S.I.B. program with Accounting Concentration is eligible for freshman students who want to participate in an Eight-Semester Degree Completion Program. The Eight Semester Degree plan has a semester-by-semester sequence of courses to finish the degree in eight semesters. In addition to the coursework, students must complete an International Experience Requirement and the Advanced Composition Requirement as stated in the Academic Regulations chapter of the Catalog of Studies. All courses in BOLD (refer to the Catalog of Studies) must be taken in the semester as designated. Courses in ITALIC may be taken in varied sequences as long as other designated requirements for these course are met. Although other courses listed are not required to be completed in the designated sequence, the recommendations noted are preferred.

Other Important Resources

In 2012 the Walton MAcc is ranked 17th best graduate program in the Mid-Size Category by the Public Accounting Report.

Your Five Year Degree in Accounting - Integrated MAcc

The Walton College offers you, a current Sam M. Walton College of Business accounting student, an option to obtain both the BSBA and the Masters in Accountancy in a five-year period. BSBA in Accounting degree preparation, you will have the option to apply for admission into our Integrated MAcc Program (IMAcc) at the end of your junior year through the Graduate School of Business. This five-year plan allows students to earn their BSBA in Accounting + MAcc degrees concurrently. Upon completion of the Walton College IMAcc, you have met the academic requirements needed to sit for the Certified Public Accountant (CPA) exam in the state of Arkansas. 

 

IMAcc: Learn More

Overview | AcademicsFAQsInternship FAQsAccounting CalendarCareer / PlacementApply |

 

Career Opportunities

The skills and knowledge needed in the accounting profession are changing as quickly as technology and practices in the business world. The Master of Accountancy (MAcc) program at the Sam M. Walton College of Business will provide you with a broad-based accounting education where critical thinking, creative problem solving, and professional determination are encouraged.

The MAcc Curriculum

The MAcc program is a 30-hour program designed to be completed in one year for students with appropriate backgrounds in business administration and economics and with an undergraduate concentration in accounting. All students must be enrolled for a minimum of 12 hours during consecutive fall/spring semesters. Completion of the program fulfills the State of Arkansas education requirements to sit for the CPA exam.

Course work in the accounting discipline beyond introductory accounting must include coverage of each of the following areas:

  1. financial accounting and accounting theory
  2. management accounting and cost accounting
  3. accounting information systems
  4. financial and operational auditing
  5. taxation

Eighteen semester hours of accounting are required, 12 hours of which are specified:

ACCT 5413 Advanced Financial Accounting
ACCT 5433 Fraud Prevention and Detection
ACCT 5953 Auditing Standards
ACCT 5873 Advanced Taxation

A minimum of six semester hours of the student's program must be non-accounting electives.  Six semester hours may be either accounting or non-accounting electives.

A suggested sequence would be:


Fall Semester

3 - ACCT 5413 Advanced Financial Accounting
3 - ACCT 5433 Fraud Prevention and Detection
3 - ACCT 5953 Auditing Standards
3 - ACCT 5873 Advanced Taxation
3 - Non-Accounting Business School Elective

 

15 Total Semester Hours
_________________________________


Spring Semester

6 - Accounting Business School Electives
9 - Accounting or Non-Accounting Business School Electives

 

15 Total Semester Hours
_________________________________

Accounting Business School Electives

  • ACCT 5463 Financial Statement Analysis
  • ACCT 5443 Asset Management
  • ACCT 5883 Individual Tax Planning
  • ACCT 5523 Advanced Accounting Information
  • ACCT 5223 Accounting for Supply Chain & Retail Organizations
  • ACCT 549V Special Topics in Accounting

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The MAcc program continues to grow. This year we admitted 48 students (2010-2011 MAcc class). The largest class in the history of our program. We expect an even larger class next year. The next application deadline for our MAcc program is March 1st. There are many exciting changes happening in the MAcc program including new courses, new faculty, new student events, and new interactions with the professional community. Our expanded MAcc Orientation for professional skills and career planning was a huge success again this year due to the participation of our professional employers and alumni. If you or your organization would like to participate in the future, I would love to have you involved.

We have a number of generous contributors to our program. We could not begin to make the strides in our program without the immense help of our benefactors. I would like to send a special thanks to Conoco Phillips and Windstream Communications for sponsoring three MAcc student scholars this past year.

To our current undergraduate students, start making plans now for pursuing the Integrated MAcc (IMAcc) degree. Employers are asking for it. If you are currently a junior, our application deadline is July 1 for admittance. The sooner you apply, the sooner you can begin planning your coursework and internships. If you are a graduating senior, you can submit your application by March 1 for entrance Fall 2011. We look forward to your application. To our alumni, we would love to hear how your MAcc experience continues to shape your professional endeavors. If you have never done so, send us a note. We would love to hear your story, email me at gpeters@walton.uark.edu."

Best regards,
Gary F. Peters,
MAcc Program Director

Career Opportunities

The Ph.D. program in Accounting prepares doctoral candidates to assume positions in leading graduate schools of business. The program places heavy emphasis on the development of research skills and research quality. In addition, professional skills and the ability to work effectively on faculty-guided research teams are required.

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The Accounting Ph.D. Program at the University of Arkansas has undergone some dramatic changes over the last few years.  With the recent addition of more research active faculty, doctoral students have a greater opportunity to work with faculty members, assisting in and even coauthoring research projects.  In addition, we have revamped our course offerings and now offer at least two accounting research seminars each year as well as regular weekly accounting workshops.  Students work closely with faculty on summer papers and present these papers at the accounting workshop to receive faculty input.  This helps students to prepare to write a dissertation.  Our small Ph.D. program (currently 8 students in residence) allows students to have a lot of interaction with faculty members.

Many of our faculty members do research related to auditing, earnings management, financial reporting, governance, market anomalies, and information technology.  Current faculty use empirical, archival research methods and publish in the top accounting journals including Journal of Accounting and Economics, The Accounting Review, Journal of Accounting Research, and Review of Accounting Studies.

We are located in a small college town (Fayetteville, Arkansas) with a very reasonable cost of living and we offer 4 years of generous financial support to qualified applicants.

If you’re considering applying to a Ph.D. programs in Accounting, please feel free to contact me at lmyers@walton.uark.edu.

Best regards,
Linda A. Myers,
Ph. D. Program Director

Great things are happening in our Accounting Department!

We are pleased with our rankings in the Public Accounting Report’s 32nd Annual Survey. For public universities of similar size, our undergraduate program was ranked 6th, and our MAcc program was ranked 7th. nationally. These rankings represent an increase over last year’s rankings of 12th and 17th respectively.

It is also a pleasure to be recognized for our research. According to the BYU Accounting Research Rankings, we rank 30th overall in all research, ranking top 10 in archival research in Auditing and Accounting Systems.

We are also pleased to welcome top professors to our faculty. TJ Atwood is a seasoned tax professor from Florida State University. She will lead our tax efforts primarily in our Masters program. We also welcome a new assistant professor, Jonathan Shipman, from the University of Tennessee. Jonathan specializes in audit research and is a native of Arkansas! We also welcome a new clinical professor, Claire Yan, who recently received her PhD from the University of Houston. Claire will primarily teach our managerial accounting classes. They will all help us in our research and teaching missions.

These recognitions and new faculty can all make us proud to be Razorbacks!

Vernon J. Richardson
S. Robson Walton Chair in Accounting
Accounting Department Chair

Department of Accounting
Business Building 401
Fayetteville, AR 72701
(479) 575-4051  p
(479) 575-2863  f