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
Total General Education 60
Walton College Core Requirements (See Degree Requirements) 33
Course Requirements in the Major 24
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 Operational Auditing 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 15
Maximum of 27 hours of ACCT courses in department (core, major, elective).
More than 27 hours allowed if the extra courses are part of interdisciplinary minor or collateral track
Total Walton College Requirements 60
Total Degree Requirements 126

homepagebisbcareer 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

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. Completion of the program fulfills the State of Arkansas education requirements to sit for the CPA exam.

required courses

  • ACCT 5223 Accounting for Supply Chain & Retail Organizations
  • ACCT 5413 Advanced Financial Accounting 
  • ACCT 5433 Fraud Prevention and Detection
  • ACCT 5463 Financial Statement Analysis
  • ACCT 5873 Advanced Taxation
  • ACCT 5883 Individual Tax Planning
  • ACCT 5953 Assurance Services
  • ACCT 549V Special Topics in Accounting
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masters in accounting

From Gary F. Peters, Program Director

Gary F. Peters, Program Director"Did you know that the MAcc degree is increasingly becoming the standard of entry into the profession? From 1999 to 2007, the number of accounting graduates entering the profession with Master’s degrees increased 105 percent, compared to an increase of 37 percent for undergraduates (AICPA, 2008). To keep our students competitive in the national workplace, we are working very hard to respond to this national trend. We continue to develop the MAcc program to meet the needs of our incoming students and constituents. New courses, new faculty, new student events, and new interactions with the professional community all characterize the changes we are seeing in the program. I am particularly grateful to our professional constituents who make the MAcc experience even more valuable.

This past year we expanded our Orientation for incoming MAcc students. The Orientation included numerous panel sessions covering the importance of developing not only technical knowledge, but also vital professional skills. The panel sessions and Orientation included 17 professional representatives from 10 different employers. Students were able to gain insight into the life of a professional and early exposure to respective recruiters. The professional panels covered a range of topics including: "Teams in the Workplace, Career Tracks and Competencies-Managing Your Career," "Millennial Success- Adapting and Succeeding in Workplace Culture," "Communication Skills (Good, Bad, Ugly): Personal, Professional, Verbal, Written, and Electronic," and "Managing Time and Assignments-Getting the Job Done (and everything else)." At the end of Orientation, we celebrated the beginning of the academic year by hosting a dinner in honor of our incoming MAcc students. Even now, we are making plans for the Orientation in August 2009. If you or your organization would like to participate, I would love to have you involved.

Additional changes made to the program this year include the development of a Student Advisory Board. Throughout the course of the year this team of students met with me and the graduate school to discuss their experiences. In turn, we increased the extent in which improvement to the MAcc experience becomes a collaborative effort. To our current applicants, be looking for some positive changes to the MAcc program this fall. To our current undergraduate students, start making plans now for pursuing the MAcc degree. Our early application deadline is September 15. 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 and share your story at gpeters@walton.uark.edu."

homepagephdcareer 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

accounting news


our group

The Department of Accounting has 16 full-time faculty members, and 9 doctoral students in residence. The accounting faculty members have been recognized for their excellence in both teaching and research. Approximately 100 undergraduate students in accounting will graduate each year.

message from the department chair

Great things are happening in the Walton College Accounting Department. We also hope you enjoy the second edition of the “Staying Connected” newsletter. One of the department’s goals has been to make certain that students are thoroughly trained to begin a successful accounting career. We encourage them to have a Master’s Degree in Accounting, be CPA-exam ready and to have had valuable work experience. As a result, this past year we have had our largest MAcc cohort ever and expect an even larger cohort this upcoming year (2009-10).

To gain valuable work experience, we are also pushing spring and summer in­ternships and are working toward an integrated five-year MAcc/undergraduate program.

Please consider our accounting students as interns this upcoming year. We appreciate your support as we work to graduate students who are ready to be valuable to business, government and public entities.

Vernon J. Richardson
S. Robson Walton Chair
Accounting Department Chair
© 2009 Sam M. Walton College of Business · University of Arkansas · All rights reserved.
301 Business Building, Fayetteville, AR 72701, (479) 575-5949