Master of Accounting (MAcc)

• 36.00 credits of core courses
• 9.00 credits of elective courses

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Please note that course sequencing is subject to change.

Term 1 (Fall)

• ACTG 6140 3.00 INTERMEDIATE FINANCIAL ACCOUNTING II
  This is an extension of SB/ACTG 6120 3.00 with emphasis on the liability of equity accounts. Major topics include: tax allocation, pensions, leases, capital transactions and financial statement analysis. Prerequisite: ACTG SB/6120 3.00
• ACTG 6250 3.00 FINANCIAL REPORTING AND ANALYSIS

  This course examines why stock prices react when firms announce their earnings, and why certain trends in industry earnings affect stock prices of many firms in that industry. Under highly stylised Generally Accepted Accounting Principles (GAAP), abnormal accounting earnings of a firm can be discounted to derive an estimate of the share price. This course therefore offers a direct link between accounting policy choices, abnormal earnings (based on adjusted reported earnings) and stock price valuation.

  Prerequisite: SB/ACTG 5100 3.00.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

  Course Credit Exclusion: SB/FINE 6600 3.00 (either SB/ACTG 6250 3.00 or SB/FINE 6600 3.00, but not both, may be taken for credit).

• ACTG 6550 1.50 ADVANCED MANAGEMENT ACCOUNTING

  This course focuses on managerial planning, performance, and control systems in organizations that direct the behaviour of corporate officers and managers, in order to achieve a specific goal. Different tools and techniques are reviewed including methods of incentivizing employee productivity, compliance, and overall performance assessment. The course emphasizes decision-making through the analysis of case studies and discussions.

  Prerequisite: SB/ACTG 5211 3.00

• ACTG 6600 3.00 AUDITING STANDARDS & APPLICATIONS

  This course focuses on the standards and applications underlying the latest functions and responsibilities of external and internal auditors. The theory of audit evidence and certain basic techniques are used to provide an understanding of auditing methodology. The auditor's responsibility beyond the financial audit and current developments in auditing are also examined. Students may be expected to complete a research paper or project.

  Prerequisite: SB/ACTG 5100 3.00.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

• ACTG 6710 3.00 INTRODUCTION TO INCOME TAXATION

  The basic concepts and techniques of income taxation and applications to personal and corporate contexts are examined.

  Prerequisite: SB/ACTG 5100 3.00.

  Prerequisite: SB/ACTG 5101 3.00 for students pursuing the Schulich Diploma in Intermediate Accounting (DIAC).

• ACTG 6201 1.50 MULTI-COMPETENCY CASE ANALYSIS FOR ACCOUNTANTS

  This course will build on the case analysis fundamentals learned and applied in the previous terms courses. Focusing on financial accounting, the students will work on integrating their analysis with other competency areas including tax, assurance, management accounting, finance and corporate governance. In addition to the specific competency areas, case analysis considers the impact of the development, implementation and use of information systems for the management and processing of data in business settings.

  Prerequisite: ACTG 6120 3.00
  Co-requisite: ACTG 6140 3.00
  NOTE: Open only to MACC students

Term 2 (Winter)*

*Recent graduates who are admitted directly to Term 2 will begin in Summer.

• ACTG 6301 3.00 INTEGRATIVE CASE ANALYSIS FOR ACCOUNTANTS

  This is the second of six case courses for the MAcc Program This course requires students to integrate knowledge obtained in the courses taken throughout the program and apply that knowledge to cases that incorporate all of the competency areas, including financial reporting, strategy and governance, assurance, finance, management accounting, and taxation.

  Prerequisite: SB/ACTG 6201 1.50.

  NOTE: Open only to MACC students and MBA students pursuing the CPA designation

• ACTG 6720 3.00 ADVANCED INCOME TAXATION
  A continuation of SB/ACTG 6710 3.00, this course concentrates in greater detail on the taxation of business income. Prerequisite: SB/ACTG 6710.030

Elective Options (12.00 credits)

Students must choose any three of the four sets of electives. Please note students pursuing public accountancy must complete Assurance and Tax.

Assurance

• ACTG 6160 3.00 ADVANCED FINANCIAL ACCOUNTING

  The final course in the three-course financial accounting core, this course emphasizes accounting for international activities and inter-corporate investments. The application of accounting principles to case situations in specialized industries and non-profit organizations is also considered.

  Prerequisites: SB/ACTG 6120 3.00 & SB/ACTG 6140 3.00

• ACTG 6610 3.00 ADVANCED AUDITING
  This course extends students' knowledge in the area of auditing by examining the role of the profession in society today, evaluating current issues facing auditors, and building on their understanding of the general audit framework and its fundamental theories. It also examines specific audit topics such as legal liability, comprehensive auditing, fraud, audit of not-for-profit organizations, environmental auditing and small business audits. Prerequisite: ACTG 6600 3.00 Auditing Standards and Applications

Performance Management

• SGMT 6000 3.00 STRATEGIC MANAGEMENT
  This course examines business and corporate strategy. The focus is on strategic management, the process of choosing and defining purposes and objectives, formulating and implementing a viable strategy and monitoring strategic performance. It deals with the organization in its totality and demonstrates how and why the various functions of business are interdependent and need to be coordinated if the organization is to perform effectively. The course elaborates on the applicability of the strategic management discipline to a variety of sizes and types of organizations. Course Credit Exclusions: SB/INTL 6000.030, SB/PUBL 6000.030 Prerequisites: Students are required to complete all 5000-series Required Foundations of Management Core Courses before enrolling in this course.

Tax

• ACTG 6730 3.00 MANAGERIAL TAX PLANNING
  This course builds on ACTG 6710 and ACTG 6720. It explores how individual and corporate taxpayers identify and implement tax planning opportunities in an attempt to maximize after-tax incomes, subject to complying with tax laws, while achieving business or financial strategies. Prerequisites: ACTG 6710 3.00 and ACTG 6720 3.00

Term 3 (Summer)

• ACTG 6401 3.00 ADVANCED INTEGRATIVE CASE ANALYSIS

  This course builds on the previous case courses, and further develops students' problem-solving and decision making skills. Cases include both multi-competency and comprehensive examples, incorporating all technical competency areas (financial reporting, strategy and governance, management accounting, audit and assurance finance, and taxation and enabling). Students work on their communication skills and teamwork through both written reports and presentations.

  Prerequisite: ACTG 6301 3.00

  NOTE: Open only to MACC students and MBA students in the CPA accredited program.

• ACTG 6501 3.00 INTEGRATIVE CASE ANALYSIS - THE CAPSTONE

  This is the capstone case course for the MACC. This course requires students to integrate knowledge obtained in the courses taken throughout the program and apply that knowledge to multi-competency and comprehensive cases.

  Prerequisite: ACTG 6301 3.00

  NOTE: Open only to MACC students and MBA students in the CPA accredited program.

• ACTG 6601 3.00 MANAGEMENT ACCOUNTING: STRATEGY AND PERFORMANCE

  This course uses individual and group cases to develop the enabling and technical competencies required for the Chartered Professional Accountants' (CPA) Common Final Exam (CFE).

  Prerequisite: ACTG 6301 3.00

  NOTE: Open only to MACC students in the CPA accredited program.

• ACTG 6650 3.00 STRATEGIC PERFORMANCE EVALUATION

  Strategic Performance Evaluation places an emphasis on strategic planning, performance assessment, and cost containment systems in organizations. Using an in-depth strategic planning case analysis approach, the course examines cost control methodologies, performance measurement and reward systems, governance and ethics in private and non-profit entities.

  Prerequisite: ACTG 5211 3.00

• ACTG 6801 3.00 STRATEGIC LEADERSHIP PLANNING AND CASE ANALYSIS

  Strategic Leadership Planning and Case Analysis is an integrated module in the CPA Canada qualification process. This course focuses on both strategic leadership and strategic management, including critical thinking, and ethical and professional behaviour. This course is highly participatory and interactive, and helps candidates ensure an integrative perspective is brought to decision-making.

  Prerequisite: ACTG 6301 3.00