Accountancy

Global Leader in Accounting Education

Fall 2014 Admits


Note:  This information is intended for ILLINOIS students that are eligible to apply to First Stage in fall 2013, and plan to enter the MAS program in summer or fall 2014.  All other ILLINOIS students should see refer to the Fall 2015 Admit section.

The Master in 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 to be a candidate for the CPA examination in the State of Illinois. Admission to the 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 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.
  • Names and addresses of two academic references.

Deadlines

Fall term: February 1
*NO LATE APPLICATIONS WILL BE ACCEPTED*  Apply Now


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.

  • First Stage Admission Application
  • Admission Application
  • First stage course plan  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.

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 must satisfy the Graduate College’s English Proficiency Requirement www.grad.illinois.edu/admissions/instructions/04c. 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 must satisfy the Graduate College’s English Proficiency Requirement. www.grad.illinois.edu/admissions/instructions/04c
  • 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

Admission Application
Spring term: September 1
Summer or Fall term: January 15
*NO LATE APPLICATIONS WILL BE ACCEPTED*  Apply Now

Scholarship and Financial Aid Application
February 1

Concentration Application
February 1

Application Checklist – Second Stage 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.

Notes on Taking Graduate Classes during the First Stage

If I am in the integrated Bachelor/Master Program in Accounting Science, when can I begin taking courses for graduate credit?

Once admitted to the “first stage” of the Bachelor/Master in Accounting Science, but prior to Graduate College admission (the “second” program stage), you may earn up to 8 semester hours and apply them toward your Master’s degree requirements. Credit for graduate courses cannot be used to satisfy both undergraduate and graduate degree requirements. In addition, the Department will not approve transfer of credit toward the graduate degree for courses with an earned grade of less than B.

How should I register for graduate courses prior to Graduate College admission?

Prior to admission to the Graduate College, you will continue to register in courses for undergraduate credit (both 300-level and 400-level). After your admission to the Graduate College, you will petition the Department to transfer up to 8 credit hours earned from courses that qualify for graduate credit and that are not part of your undergraduate degree requirements and for which you earned a grade of B or better.

Registering for 500-level courses prior to Graduate College admission will require you to petition the Department offering those courses.  Some courses may have limited space for First Stage students. Those students who subsequently enroll in the MAS program will submit level-change petitions to the Department of Accountancy for any 400-level and 500-level graduate courses for which they seek to change from an undergraduate to a graduate level. Please note that not all 400-level classes are offered for graduate credit.  Students taking 400-level graduate courses must check with an advisor to make sure the class and/or section is offered for graduate credit. With the approval of the department and Graduate College, the University will change those courses to the graduate level. The Department of Accountancy may reject a course-level change if the grade received was below the department’s standard or if the program adviser did not approve the course for the student’s graduate program of studies.

When should I submit a level-change petition?

Students should submit a petition in their first semester as a graduate student. The deadline to submit petitions is:
Fall semester – October 1
Spring semester – February 1

How do graduate level courses affect my undergraduate grade point average?

Undergraduate level students who enroll in and complete graduate level courses will have the hours and quality points for the coursework factored into their undergraduate GPA. The grade in the graduate course may impact receiving a Bachelor of Science degree with an honors designation. The only exception to this policy is ACCY 590, Advanced Professional Internship, which is offered in the Spring and Summer semesters. Because of time constraints in grading, the recording of grades and verification of degree completion, this course will initially have a deferred grade. As such, the grade in ACCY 590 will not be included in the undergraduate GPA for degree candidates.

Because a course level change may change the student’s undergraduate grade point average, any change will not result in a retroactive change to the bachelor’s degree honors designation. Honors will not be rescinded or awarded based on a later change in the undergraduate GPA.

Can I apply credit from graduate courses to my undergraduate degree requirements?

Application of credit from graduate level courses to undergraduate degree requirements must have the prior approval of the Head of the department that is awarding the degree.