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GMAcc Program Overview

The Graduate Master of Accountancy (GMAcc) is a two-year, full-time program that prepares students with little or no accounting background to become successful business professionals and perform well on the CPA exam.

The program provides a comprehensive set of technical and professional skills, including preparation in ethics and professionalism. Students are strongly encouraged to complete a summer internship and then apply that experience to their study of in-depth accounting topics in the second year.

This distinctive approach has resulted in consistent success rates for the Master of Accountancy degree program at the Wisconsin School of Business, including a ranking in the top five in the U.S. for CPA exam pass rates (2015 Candidate Performance on the Uniform CPA Examination, NASBA), and a 100 percent placement rate within three months of graduation.

Gain Real-World Experience

As a student in the GMAcc program at the Wisconsin School of Business, you are encouraged to complete a relevant paid internship in the summer between the first and second years of the program. The Wisconsin School of Business maintains strong relationships with a number of preferred employers, and we can help you connect with a suitable public accounting firm or corporate employer for your internship. Through hands-on experience, an internship will provide insights that will enhance your second year of study in accounting. The internship also provides an opportunity to build your professional network, generate income, and strengthen your résumé.

A Focused Curriculum

The first year of the GMAcc program provides you with the fundamental skills needed to work in the accounting profession. In the second year, you will build on this foundation—and on the summer internship experience—with an in-depth examination of advanced accounting issues. You can also enhance your overall business knowledge through elective courses outside of accounting. GMAcc students join students in the IMAcc program for the second-year courses.

Leah Schmid

“I was impressed by the practical knowledge the accounting faculty offers, as well as their technical expertise. The teaching staff pushes students not only to master the course material, but to actively pursue topics that interest them. My instructors also served as mentors, offering practical advice on selecting a specialty and entering the profession.”

—Leah Schmid, MAcc
Consultant, Wipfli LLP

Course Requirements

First Year

The first year of the program consists of the following courses (24 total credits):

  • Accounting Information Systems
  • Fundamentals of Taxation
  • Intermediate Financial Reporting I
  • Intermediate Managerial Accounting
  • Auditing and Assurance Services
  • Intermediate Financial Reporting II
  • Business Law
  • Business Elective

Second Year

In the second year, requirements include a minimum of four of the following courses (30 credits):

  • Financial Statement Analysis
  • Corporate Taxation
  • Advanced Assurance Services
  • Advanced Financial Reporting (required of all students)
  • Seminar in Financial Reporting Theory
  • Seminar in Strategic Cost Management and Performance Measurement
  • Capstone Course

In addition, you must complete a minimum of four and maximum of six elective graduate courses in business areas outside of accounting.

Prerequisite

To apply for the GMAcc program, you must either have completed or be in the process of completing an undergraduate degree. The only course prerequisite for the program is an introductory financial accounting course, which can be taken after admission to the program. Many admitted students will take an introductory financial accounting course at UW–Madison during the summer prior to starting the GMAcc program.

Emphasis in Taxation

As a student in the GMAcc program, you can choose an emphasis in taxation. This option focuses on deep knowledge in a variety of tax topics, providing the qualifications for a career in the tax discipline in public accounting or industry.

For those pursuing an emphasis in taxation, the second-year curriculum includes the following courses:

  • Advanced Financial Reporting
  • Corporate Taxation
  • Research and Administrative Issues in Taxation
  • Seminar in Current Taxation Topics
  • Partnership Taxation
  • Advanced Corporate Taxation
  • International Taxation

The emphasis on taxation also requires completion of a minimum of two courses from the standard GMAcc curriculum plan, along with one business elective course. Students who choose not to pursue the emphasis in taxation have the opportunity to take several business elective courses outside of accounting.

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