Accountancy

     MS Accy (tax) Program
           Admission Requirements
           Internship Program
           Summary of Programs
           Advisors
           Scholarships and
             Financial Aid

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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@illinois.edu

MS in Accy (tax) for Accountancy Majors from Other Universities

   Check Application Status

The MS in Accy (tax) program accepts applications for admission once a year.  The deadline is February 15 for summer and fall.  Applications can be processed on-line through the Graduate College.

Background Requirements

Students applying for admission should have acquired a background in business and accounting equivalent to a B.S. in Accountancy from UIUC.  The background courses in business and accounting that must be completed before admission to the MS in Accy (tax) program include those listed on the program worksheet.  NOTE: For any course that you have questions about its equivalency to UIUC courses or coverage of required topics, please include a course catalog description or syllabus for the course with your application.

Admission Requirements

Admission is competitive.  Applicants should have a minimum score in the 50^th percentile on the verbal and quantitative portions of the GMAT, a 4.0 on the analytical writing portion of the GMAT, and a B (3.0) average for the last two years of course work (last 3 semesters if applying during senior undergraduate year).

Original transcripts for all undergraduate and graduate schools attended must accompany the application form along with three letters of recommendation.

For applicants whose native language is not English, two additional tests are required: (1) Test of English as a Foreign Language (TOEFL) and (2) Test of Spoken English (TSE).  The Educational Testing Service offers both tests.  It is recommended that applicants earn a score of at least 600 (paper-based) and 250 (computer-based) on the TOEFL and at least 50 on the TSE for admissions and financial aid.  All non-English speakers must take the TSE, whether or not they have studied in the United States.

Call 1-800-GMAT-NOW to register for the GMAT or register on the web at http://www.gmac.com/ for additional information.

Application Checklist

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

• Graduate College Admission Application

• Graduate College Application Fee

• Application for Accountancy Scholarships & Assistantships (if you wish to be considered for financial aid)

• All transcripts

• Personal Statement

• Resume

• 3 letters of recommendation

• GMAT Score

• TOEFL Score (only required for applicants whose native language is not English)

• TSE Score (only required for applicants whose native language is not English)

Degree Requirements

The course requirements for the MS in Accountancy with a specialization in taxation are:

Hours	Courses
4	ACCY 551 - Corporate Income Taxation
4	ACCY 552 - Partnership Income Taxation
4	ACCY 556 - Tax Research
8	Accountancy electives
8	Electives (either accountancy or non-accountancy)
4	Non-accountancy electives
32	Total for MS in Accy (tax)

 

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 graduate hours must be earned while enrolled in the UIUC Graduate College.

Students must maintain a minimum grade point average of 3.0 (A = 4.0) to continue in, and graduate from, the MS in Accy (tax) program.  All courses applied toward the 32 hours required for graduation must be taken for grade and not on a credit-no credit basis. 

Other undergraduate Accountancy curriculum courses may also be recommended as background coursework.  These courses are not available for graduate credit and, thus, may not be counted as graduate electives.