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Fall 2015+ Admits


Note: This information is intended for ILLINOIS students that plan to pursue graduate study in summer/fall 2015 and later. Seniors and others that plan to begin graduate study in 2014 should refer to the Fall 2014 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 and the 30 accountancy credit hour requirement to be a candidate for the CPA examination in the State of Illinois.

Program Structure

The 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).  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

Fall term: February 1

*NO LATE APPLICATIONS WILL BE ACCEPTED* Apply Now


How to Apply 2015+

BS/MAS Application

Students that plan to undertake graduate study in fall 2015 for the 2015-2016 academic year will apply during junior year by February 1, 2014.  NO LATE APPLICATIONS WILL BE ACCEPTED.  This is the only opportunity to apply to the BS/MAS program and start the graduate MAS year in fall 2015.

Students that plan to undertake graduate study in fall 2016 for the 2016-2017 academic year will apply during junior year by February 1, 2015.  NO LATE APPLICATIONS WILL BE ACCEPTED.  This is the only opportunity to apply to the BS/MAS program and start the graduate MAS year in fall 2016.

Note: MAS admission is only possible for fall (or summer to continue into fall).  Beginning during the 2015-2016 academic year, it will not be possible to start graduate study during the spring semester.

Please check this Web page again in December 2013 for a link to the application.     

Admission requirements for the BS/MAS program include:

  • 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 three academic references. Letters of recommendation are not required.
  • A course plan must be completed with an Accountancy Academic Advisor.   Please call 217-333-5030 or go to room 1045 BIF to set up an appointment to meet with an advisor.

Optional:

  • A personal statement and/or résumé.

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.

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 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 call 217-333-5030 or go to room 1045 BIF to set up an appointment to meet with an advisor.

Deadlines - NO LATE APPLICATIONS WILL BE ACCEPTED

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

Application Checklist – Graduate College Applicants

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

  • Graduate College Admission Application and application fee
  • University of Illinois transcript
  • Applicants whose native language is not English must satisfy the Graduate College’s English Proficiency Requirement. Non-native speakers of English that wish to apply for graduate assistantships are required by the University to take the IELTS or TOEFLibT.
  • Declaration & Certification of Finance form (international students only).
  • MAS Course Plan approved by an accountancy advisor.
  • If applying for scholarships and financial aid, then complete the Accountancy Scholarship/Financial Aid Application. Scholarship/financial aid decisions are made once a year. Decisions are made in the spring for the following academic year. Application deadline – Feb. 1
  • If applying for a graduate concentration, please complete the Concentration Application. Application deadline – Feb. 1

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 Web site.   However, there will be some changes in course offerings and prerequisites.  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: Pending approval from the Campus Senate and Provost’s office, it is anticipated that, 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.)

Effective spring 2016, students will be permitted to take ACCY 510, Financial Reporting Standards, and ACCY 511, Risk Measurement and Management I, concurrently.