12 Months, 30 Credits
The Saunders Master of Science in Accounting program at RIT is designed to satisfy New York State requirements for students with an undergraduate degree in accounting to sit for the CPA exam and attain CPA licensure.
Students may complete the program on a full-time or part-time basis, with the full-time program beginning exclusively in the fall semester. A more specific and technologically focused approach of the program is reflected in the courses unique to this track, such as: Accounting Information Systems, and Comparative Financial Statement Analysis
The program of study consists of 10 courses and a comprehensive exam based on the accounting courses completed by the student. The exam will be administered at the end of the student’s last term. Students must pass the exam to earn their degree.
Curriculum for current and past students
Current students and alumni – please visit the Office of the Registrar for a History of Course Catalogs to view and download official degree requirements pertaining to the academic year you began your degree.
Accounting, MS degree, typical course sequence
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This course consists of a series of workshops designed to introduce accounting and other interested graduate business students to the skills needed to be successful in job and co-op searches and the transition into professional life and careers. Students will establish their career goals, create material (e.g., resume, cover letter), and acquire skills needed to achieve these goals. Students will be expected to interact with business professionals, and study materials related to current and emerging trends in accounting and business. Active class participation is required.
Accounting Information Systems
This course combines information systems concepts and accounting issues. In this course, we discuss the conceptual foundations of information systems, their applications, the control and auditing of accounting information systems, and the system development process. Topics include the business process, e-business, relational database, database design, computer fraud and security, accounting cycle, system analysis and AIS development strategies. Students analyze accounting information systems topics through problem solving, group projects, presentations, exams, and case studies.
Study of the application of generally accepted accounting principles and international financial reporting standards to business enterprises, including corporations with investments in subsidiaries, domestic and international, and partnerships. Issues involving consolidated financial statements, including international topics, are considered. Also examined are objectives for not-for-profit and governmental entities, and how these objectives affect their financial accounting and reporting.
Auditing and Professional Responsibility
A study of the legal, ethical, and technical environment in which the auditor works. Current auditing theory, standards, procedures, and techniques are studied. The audit process is studied to ascertain how it leads to the development of an audit opinion.
Tax Analysis and Strategy
A continuation of Basic Taxation. Emphasis is on taxation of business entities, as well as estate and gift taxation and planning. Students use technology to prepare complex returns and to research tax issues. Tax analysis and planning are integrated throughout.
Information Systems Auditing and Assurance Services
An examination of the unique risks, controls, and assurance services resulting from and related to auditing financial information systems with an emphasis on enterprise resource systems.
Comparative Financial Statement Analysis
This course is designed to prepare students to interpret and analyze financial statements effectively. Explores in greater depth some of the financial reporting topics introduced in the core accounting course and includes a discussion of International Financial Reporting Standards.
Financial Accounting Theory and Research
This course examines the theoretical concepts, definitions, and models espoused in the accounting literature and relevant to analyzing various contemporary issues in financial accounting and reporting. It also considers the historical development of accounting standards, contemporary issues in financial reporting including international standards, and research methods used to determine the appropriate methods to comply with accounting standards. Course requires writing and student presentations.
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