The MSA program begins in June each year with Summer Session II. The MSA degree requires 32 semester hours of graduate course work of which at least 20 hours are in graduate-level accounting courses, and at least 4 hours are in non-accountancy graduate courses.
The 20 accountancy hours required are ACCY 501 through ACCY 505 (each of the five courses awards 4 hours credit). With the approval of a program advisor, students that have an accountancy undergraduate degree with appropriate course work may substitute other graduate accountancy courses for some of ACCY 501 through ACCY 505 courses. For example, advanced accountancy students may substitute ACCY 511, 512 and 560 for ACCY 501, 502 and 503.
ACCY 501, ACCY 502, ACCY 503, ACCY 504, ACCY 505 or substitute graduate accountancy courses approved by a program advisor
Graduate electives with at least 4 hours credit in a non-accountancy graduate course
1. Students shall earn least 24 of the 32 total graduate hours while enrolled in the Graduate College at Urbana-Champaign.
2. Electives shall form a coherent program of study approved by a program advisor.
3. At least 20 of the 32 graduate hours shall be at the 500-level.
4. Minimum cumulative GPA, both by semester and program overall, is 3.0.
In addition, students with TOEFL scores below 613 (paper-based), 257 (computer-based), or 103 (internet-based), or IELTS score below 7.0, are required to take the English Placement Test (EPT) when they arrive on campus. Depending on the results of the EPT, students may be required to take a Business English course (ESL 505). The language course does not count toward the 32 hour degree requirement.
MSA students may also enroll in the CPA Preparation course ACCY 398 at no additional cost. This course is taught by professors who specialize in the disciplines tested by the CPA exam. MSA students may receive up to 10 semester hours of credit for the CPA Preparation course, which can help meet the Illinois Board of Examiners requirement for taking the CPA examination. These credits and grade, however, do not count toward the MSA degree or the minimum GPA required to graduate.