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For maximum flexibility and convenience, all MSAC graduate classes are offered ONLINE.
Does the five-year B.S. to M.S. in Accounting Program satisfy the 150 credit requirement for the CPA exam?
Yes, the program builds upon your undergraduate degree in Accounting to gain the additional credits needed by developing advanced accounting knowledge and analytical skills while acquiring a master’s degree. The five-year program meets the 150 credit requirement for New Jersey CPA licensure.
Is the five-year B.S. to M.S. in Accounting Program accredited by AACSB?
Yes, both the undergraduate and graduate Accounting degree programs, like all degree programs offered by the Anisfield School of Business at Ramapo College, are accredited by the Association to Advance Collegiate Schools of Business, AACSB, the internationally recognized sign of excellence in business education.
Can I start the program while I am still an undergraduate at Ramapo College?
Yes, Ramapo College Accounting majors can begin taking two of the courses required for the M.S. in Accounting during their senior year at Ramapo College and complete the remaining eight courses in their fifth year. The M.S. in Accounting program is 30 credits total and consists of ten 3-credit courses.
What are the requirements for admission to the program?
Ramapo College Accounting majors who wish to participate in the 4+1 BS/MS in Accounting Program should complete the 4+1 Graduate Major Declaration Form: https://www.ramapo.edu/registrar/forms-transcripts/ and submit it to the Registrar via email to reg@ramapo.edu. After review, the student will be declared in the 4+1 BS/MS Accounting Program.
4+1 BS/MS Accounting students must have a minimum cumulative and major GPA of 3.0 and earn a minimum grade of B-minus in Intermediate Accounting I and Federal Taxation I to remain enrolled in the 4+1 program.
A Ramapo College student majoring in business in a field other than accounting may be eligible for the program with additional undergraduate accounting coursework – contact the program director for advisement: Prof. Constance Crawford, ccrawfor@ramapo.edu, 201-684-7396, ASB-304.
How do I register for the graduate classes as an undergraduate?
Declared 4+1 BS/MS Accounting students will be reviewed by the MSAC program director early in their senior year to ensure they have met all course and GPA requirements. The Program Director will inform students who remain eligible to enroll in the double counting coursework in their senior year. Registration for the graduate classes takes place during web registration.
Note that the graduate classes are three credits each so you may need to add a two-credit course to attain the 128 credits required to complete the B.S. in Accounting degree (the two-credit Excel course BADM 120 is recommended.) Applicants are encouraged to meet with the M.S. in Accounting program director, Prof. Constance Crawford, ccrawfor@ramapo.edu, ASB-304, to discuss requirements based upon your particular situation.
After successful completion and graduation, the student will proceed to the MS Graduate +1 year.
When can I enter the B.S. to M.S. in Accounting program?
Ramapo College Accounting majors may declare the 4+1 BS/MS Accounting program at any time by submitting the 4+1 Graduate Major Declaration Form: https://www.ramapo.edu/registrar/forms-transcripts/ to the Registrar via email (reg@ramapo.edu.) After review, the student will be declared in the 4+1 BS/MS Accounting Program and must maintain minimum grade requirements and specific GPA requirements.
For students who have already graduated, applications are accepted for students to begin the program in the fall, spring or summer sessions. Students who graduate with their undergraduate degree in Accounting or other business majors are welcome to apply to the M.S. in Accounting program even after they graduate.
In the five-year program, do the courses have to be taken in a certain order and at a certain time?
The order of classes is flexible; however, for students taking the five-year program, a sample course sequence is as follows:
Start the journey in SPRING of Senior Year by taking the following M.S. classes:
- Data Analytics (3 Credits):
- Understand the emerging role of data analytics in organizations.
- Explore advanced Microsoft Excel functions and the use of Excel in solving analytical problems.
- Learn how to communicate with analytics professionals to effectively use and interpret analytic models and results for making better business decision.
- Government and Not-for-Profit Accounting (3 Credits):
- Discover the importance of financial reporting requirements for the not-for-profit entity.
- Examine the role of the government and impact of tax regulations through case discussion and analysis.
MSAC Fall Semester:
- Business Law, Ethics and Regulatory Pronouncements (3 Credits) :
- Explore the regulatory requirements of accounting, auditing and tax Issues.
- Study the impact of Sarbanes-Oxley and internal control reporting requirements.
- Appreciate the role of ethics as an underpinning of the corporate culture – ethics will be a focal point of all discussions and case analysis assignments.
- Financial Statement Analysis (3 Credits):
- Explore Generally Accepted Accounting Principles in the preparation of the annual report.
- Examine the valuation process & ratio analysis in a dynamic and “real-life” business case scenario.
- Appreciate the importance of risk assessment as a valuation tool and gain experience implementing it.
- Advanced Auditing and Information Technology Systems (3 Credits):
- Examine the Securities and Exchange Commission requirements pertaining to auditing and reporting requirements.
- Identify the impact of technology on the audit process.
- Understand the risks associated with operational systems security, networks and systems development.
- Elective Example: Forensic Accounting (3 Credits)
- Discuss the role of civil litigation in the accounting profession and fraud in financial reporting.
- Integrate ethics and managerial responsibility in the creation of an effective internal control system through cases.
- Understand the role of forensic accountants in the legal process including the impact of insurance fraud and misstatement in financial reporting.
MSAC Spring Semester:
- International Accounting Issues and Reporting Issues (3 Credits):
- Identify the impact of international reporting differences and standards on the accounting process.
- Understand the importance of blended International and US GAAP reporting guidelines.
- Analyze major differences in rules and the disparity in financial statement reporting standards.
- Fundamentals of Accounting Research and Advanced Topics (3 credits):
- Develop applied professional research skills in areas of recent accounting, auditing and tax pronouncements.
- Become proficient in the conduct of professional research through the incorporation of GAAP.
- Elective Example: Advanced Federal Taxation Issues (3 Credits):
- Examine current tax issues and pending legislation as a means of effective decision-making strategies.
- Examine the goal of increased profitability, through creative strategies designed to reduce the corporate taxes through the lens of the Internal Revenue Code.
- Elective Example: Fraud Examination and Advanced Auditing (3 Credits):
- Explore the principles and techniques required to prevent and detect fraud in the financial reporting system.
- Examine fraud identification tools and risks associated with ineffective internal control.
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