Bachelor/Master Home
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Upcoming Events
International Accounting
Symposium
Warsaw, Poland
June 5-7, 2008
Tax Research Symposium
September 19, 2008
Audit Research Symposium
October 2-4, 2008
Contact Us
Department of Accountancy
University of Illinois
360 Wohlers Hall
1206 South Sixth Street
Champaign, Illinois 61820
Phone: 217-333-0857
Fax: 217-244-0902
Email: accy@uiuc.edu
Bachelor/MasteR
The Bachelor/Master in Accountancy 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 Bachelor/Master in Accountancy 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 and the Accountancy Scholarship Application. Admission requirements for the first stage include:
- Admission in good standing in the Department’s Bachelor/Master in Accountancy program and at least 120 semester hours of credit by the start of the term for which the student seeks admission, including ACCY 405. Students must have taken all accountancy courses for a grade.
- 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 and for any graduate course work taken while in the first stage of the program; Students must take business courses for a grade. When calculating the GPA used for graduate program admission, the Department will count business courses with a grade of CR as C- while courses with a grade of NC will be treated as an F. Business courses include those with business administration, finance, and economics rubrics.
Application Checklist - First Stage Applicants
Below is a list of the materials the Department must receive for a complete file.
- First Stage Admission Application
- Accountancy Scholarship Application (Financial aid decisions are made once a year. Each spring decisions are made for the following academic year. Financial aid deadline – Feb. 1. Students applying for Spring admission by Sept. 1 do need to submit this application at that time.)
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 Accountancy 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 and for any graduate course work taken while in the first stage of the program;
- Names and addresses of three academic references;
- Applicants whose native language is not English are required to take the TOEFL Internet-Based Test (iBT) or the IELTS exam. The Department requires a total TOEFL score ≥ 103 to be exempt from the English Placement Test requirement. In addition, the Department requires a speaking score ≥ 24 for purposes of admission and ≥ 26 for purposes of graduate assistantship and financial aid awards. The IELTS exam requirement for program admission & financial aid consideration is a speaking score of ≥ 8. There are no exemptions from the TOEFL iBT or IELTS exam.
Application Checklist – Second Stage Applicants
Below is a list of the materials the Department must receive for a complete file.
- Graduate College Admission Application
- Graduate College Application Fee
- Second Stage Admission Application
- Accountancy Scholarship Application (Financial aid decisions are made once a year. Each spring decisions are made for the following academic year. Financial aid deadline – Feb. 1. Students applying for Spring admission by Sept. 1 do need to submit this application at that time.)
- UIUC transcript
- TOEFL iBT or IELTS score (required for applicants whose native language is not English)
- Declaration & Certification of Finance form (international students only)
- Concentration or minor application
Students interested in applying for a concentration or minor will need to complete the appropriate application.
The admission requirements of the Graduate College also apply; students are advised to familiarize themselves with the Graduate College’s Handbook for Graduate Students and Advisors.
Admission to the Graduate College will be on limited status prior to completing all requirements of the BS in Accountancy.
Degree Requirements
Students enrolling in the Bachelor/Master in Accountancy program may pursue a minor in finance or management information systems (pending approval) or a concentration in taxation. A student who elects not to pursue a minor or concentration will select their electives to form a coherent program of study.
The course requirements for the MAS program for applicants pursuing the BS/MS program are:
| Grad Hours | Courses |
| 4 | ACCY 510 – Financial Reporting Standards |
| 4 | ACCY 511 - Risk Measurement/Reporting I |
| 4 | ACCY 512 - Risk Measurement/Reporting II |
| 4 | Accountancy elective |
| 8 | Non-accountancy electives |
| 8 | Electives (either accountancy or non-accountancy) |
| 32 | Total for MAS |
The electives, both accountancy and non-accountancy, shall form a coherent program of study, approved by a program advisor. At least 20 of the 32 total graduate hours must be in 500-level courses and at least 24 of the 32 total hours must be earned while enrolled in the Graduate College at the Urbana campus. Students must maintain a minimum grade point average of 3.0 (A = 4.0) to continue in, and graduate from, the MAS program. All courses applied toward the 32 graduate hours required for graduation must be taken for grade and not on a credit-no credit basis.
Sample Schedule for Bachelor/Master in Accountancy.
Once admitted to the first stage of the Bachelor/Master in Accountancy program, but prior to Graduate College admission (the second stage), students may earn the equivalent of up to 8 graduate hours and apply those equivalents toward their Master’s degree requirements. In doing so, students cannot double count the credit from such courses toward their Bachelor’s degree requirements.
