Accounting and Business Advisory Services M.S.
Degree: Master of Science
Program Director: Charles Russo
The Master of Science in Accounting and Business Advisory Services at Towson University is a joint program with the University of Baltimore. This program is designed to meet two important educational objectives.
First, when combined with a bachelor’s degree in accounting, the program allows students to earn the additional units necessary to meet the 150-hour requirement to sit for the Uniform Certified Public Accountant (CPA) exam in Maryland and many other states. The CPA exam includes four sections: Auditing & Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting & Reporting (FAR) and Regulation (REG). Students planning to take the CPA exam will be best served by a program of study, such as our BS in Accounting and this graduate program, that emphasizes the same subject matter as the exam.
Second, by incorporating courses in the related disciplines of financial management and information technology, the program complements and expands the technical skills acquired in an undergraduate accounting education.
Graduates of the M.S. in Accounting and Business Advisory Services program will have the flexibility needed to accelerate their public accounting careers or pursue careers in other areas such as management accounting, internal auditing, accounting for governmental or other nonprofit entities, and management consulting.
NOTE: Since this program is jointly operated with the University of Baltimore, the tuition, fees and grading system for students are the same as at the University of Baltimore. Contact the Student and University Billing Office for more information.
Accelerated Bachelor's-Master's Program
Requirements to be a CPA in Maryland (and in all but two of the other states) include 150 hours of post-secondary education. To provide a seamless process for Towson students to achieve the 150 hours, a program that combines the Bachelor’s degree in Accounting and the Master’s degree in Accounting and Business Advisory Services (Accelerated Bachelor’s-Masters Accounting Program) is offered.
Admitted accounting majors may apply for the accelerated Bachelor’s-Masters Accounting Program in the second term of their junior year and be admitted prior to their senior year. Students can apply to the graduate M.S. in Accounting and Business Services Program in their senior year, but are not officially admitted to the graduate program until the second term of their senior year. Student must complete a graduate application with the Admissions office. In order to be admitted to the Bachelor’s-Master’s Accounting program, the student must be an admitted undergraduate accounting major with at least one term of residency in the university. The student also must take the GMAT and achieve a minimum score of 400 and have a GPA of at least 3.00.
9 units of graduate-level courses can be counted toward both the undergraduate and graduate programs. A bachelor’s degree is awarded after all the bachelor’s degree requirements are met, normally in the fourth year. The undergraduate accounting elective is fulfilled by taking any three of the required or elective graduate accounting courses in lieu of the free elective and two Accounting electives.
The minimum requirements for admission to the joint graduate program in Accounting and Business Advisory Services at Towson University and the University of Baltimore are a baccalaureate degree from an accredited college or university**, and a 3.00 minimum undergraduate GPA for full admission and a 2.75 for conditional admission. Admission to the program will be based on undergraduate academic performance and scores on the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). ***
Non-immigrant International Students
Program Enrollment: F-1 and J-1 students are required to be enrolled full-time. The majority of their classes must be in-person and on campus. See the list of programs that satisfy these requirements, and contact the International Student and Scholars Office with questions.
*** This GMAT or GRE requirement will be waived for students with a baccalaureate degree in business or accounting from an AACSB-accredited university who graduated with a GPA of 3.5 or greater.
The following list of undergraduate accounting and non-accounting classes are required to be completed before enrolling in graduate courses required as part of the M.S. in Accounting and Business Advisory Services program.
|Required Accounting Courses|
& ACCT 202
|PRINCIPLES OF FINANCIAL ACCOUNTING|
and PRINCIPLES OF MANAGERIAL ACCOUNTING
|Select two / three of the following:||6-9|
|INTERMEDIATE ACCOUNTING I|
|INTERMEDIATE ACCOUNTING II|
|INTERMEDIATE ACCOUNTING III|
|ACCT 341||MANAGEMENT ACCOUNTING I||3|
|ACCT 361||TAX ACCOUNTING I||3|
|ACCT 401||AUDITING I||3|
|Required Non-Accounting Courses|
|ECON 201||MICROECONOMIC PRINCIPLES||3|
|ECON 205||STATISTICS FOR BUSINESS AND ECONOMICS I||3|
|or MATH 231||BASIC STATISTICS|
|FIN 331||PRINCIPLES OF FINANCIAL MANAGEMENT||3|
|LEGL 226||BUSINESS LAW||3|
|MNGT 482||BUSINESS ETHICS AND SUSTAINABILITY||3|
|or PHIL 371||BUSINESS ETHICS|
|This ethics requirement can also be met by taking PHIL 563 as part of graduate electives.|
|Select three of the following:|
|ACCOUNTING INFORMATION SYSTEMS|
or COMM 131
or COMM 215
|PRINCIPLES OF MARKETING|
|LEADERSHIP AND MANAGEMENT|
Completion of a minimum of 30 units beyond the undergraduate degree of which a minimum of 18 units should be in 600-level courses or above designed primarily for graduate students. (This is an AACSB requirement.)
|Required Courses 1|
|ACCT 740||ADVANCED TOPICS IN ASSURANCE SERVICES 1||3|
|ACCT 752||ADVANCED TOPICS IN ACCOUNTING SYSTEMS 1, 2||3|
|FIN 605||FINANCIAL MANAGEMENT 1||1.5|
|FIN 625||CORPORATE FINANCE 1||1.5|
|Additional Accounting and Ethics Courses 3||9|
|Select three of the following:|
|CONTEMPORARY ISSUES IN FINANCIAL ACCOUNTING|
|TAXATION OF ENTITIES|
|DESIGN OF MANAGERIAL COST AND CONTROL SYSTEMS|
|BUSINESS ETHICS 5|
|Select four of the following:|
|INDEPENDENT RESEARCH IN ACCOUNTING|
|GRADUATE ACCOUNTING INTERNSHIP|
|FINANCIAL STATEMENT ANALYTICS AND VALUATION|
|SEMINAR IN CURRENT TOPICS IN ACCOUNTING|
Electronic Business and Technology Management 4
|INTRODUCTION TO SUPPLY CHAIN MANAGEMENT|
|INTRODUCTION TO PROJECT MANAGEMENT|
|PROJECT LEADERSHIP AND COMMUNICATION|
|PROJECT COST ACCOUNTING AND FINANCE|
|SUPPLY CHAIN ANALYTICS|
Applied Information Technology 4
|INFORMATION TECHNOLOGY INFRASTRUCTURE|
|SYSTEMS DEVELOPMENT PROCESS|
|INFORMATION SYSTEMS VULNERABILITY AND RISK ANALYSIS|
|DATABASE MANAGEMENT SYSTEMS|
Professional Writing 4
|GRANT AND COMMUNITY WRITING|
|ADVANCED FINANCIAL ANALYSIS|
|REAL ESTATE INVESTMENT|
|ENTRPRENEURIAL FIANANCE AND VENTURE CAPITAL|
|SPECIAL TOPICS IN FINANCIAL MANAGEMENT|
Management Information Systems 6
|LEADERSHIP OF THE IT FUNCTION|
|NETWORKING AND TELECOMMUNICATIONS|
|DATABASE MANAGEMENT SYSTEMS|
|E-COMMERCE TECHNOLOGIES AND APPLICATIONS|
Other graduate courses in areas such as applied information technology, economics, management, marketing, etc., may also be chosen after consultation with the graduate director depending on the student’s career goals and professional needs.
Courses offered at Towson University and University of Baltimore.
INSS 605-IT for Business Transformation, offered by University of Baltimore, may be substituted.
Additional courses are available from University of Baltimore. Consult with the Program Director to determine if they are appropriate for you.
Courses offered at Towson University only.
Available as an elective only to students who have not taken an equivalent course in their undergraduate program.
Courses offered at University of Baltimore only.
A student must have also completed the specific courses required to sit for the Certified Public Accountant examination in Maryland, which would normally be taken during the student’s undergraduate studies (see Prerequisite Course section). A student who has not completed these courses prior to admission to the M.S. in Accounting and Business Advisory Services program will develop a plan to satisfy these requirements in consultation with the graduate director. This can be expected to add to the total number of units needed to earn the degree.
Students will be able to conduct a comprehensive spreadsheet analysis and offer an interpretation of financial accounting data relating to the performance and standing of a business entity.
Students will be able to conduct research and make a recommendation on how different financial reporting theories and practices are applied in resolving issues in financial accounting.
- Students will be able to use application software to extract, manipulate and summarize accounting and related data from a relational database or comparable data source.
Students will be able to design, generate and interpret financial accounting reports enabling effective decisions to be made based on their analyses.
Students are able to identify and analyze ethical making recommendations for resolving those issues by applying relevant professional standards of conduct and behavior.