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Master of Accountancy |
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General Information Assurance (MAcc only) Taxation (MAcc only) Dean Donald A. Cyr Goodman School of Business Associate Dean, Research and Graduate Programs Ernest Biktimirov Goodman School of Business Core Faculty Professor Fayez Elayan (Accounting), Hemantha Herath (Accounting), Raafat R. Roubi (Accounting) Associate Professors Ian Adamson (Accounting), Darlene Bay (Accounting), Walid Ben Omrane (Finance, Operations and Information Systems), Ernest Biktimirov (Finance, Operations and Information Systems), Gail L. Cook (Accounting), Louis Culumovic (Accounting), Maureen Donnelly (Accounting), Sandra M. Felton (Accounting), Eugene Kaciak (Finance, Operations and Information Systems), Pascale Lapointe-Antunes (Accounting), Jingyu (Jennifer) Li (Accounting), Herbert MacKenzie (Marketing, International Business and Strategy), Antonia Mantonakis (Marketing, International Business and Strategy), Diane Miller (Organizational Behaviour, Human Resources, Entrepreneurship and Ethics), Alex Nikitkov (Accounting), Parunchana Pacharn (Accounting), Barbara Sainty (Accounting), Paul Scarbrough (Accounting), Anamitra Shome (Accounting), Linda Stillabower (Accounting), Samir Trabelsi (Accounting), Allister Young (Accounting) Assistant Professors Adam Kanar (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Sohyung Kim (Accounting), Zhefeng (Frank) Liu (Accounting) Participating Faculty Assistant Professors Donald Brown (Accounting) Lecturers M. Sharon Broderick (Marketing, International Business and Strategy), Norman Chasse (Accounting), Michael Espinoza (Accounting), Jacqueline Glenney (Marketing, International Business and Strategy), Sangeeta Hollo (Accounting), Omar Roubi (Accounting), Glenn Skrubbeltrang (Accounting), Xia (Celine) Zhang (Accounting) Director, Operations, Graduate & Executive Programs, Goodman School of Business Carrie Kelly 905-688-5550, extension 3954 Taro 461A Graduate Academic Co-ordinator Bryan Butryn 905-688-5550, extension 3461 Taro 431 International Co-ordinator, Graduate Programs Jingtao (Teresa) Feng 905-688-5550, extension 4157 Taro 458 Student Communication Skills Co-ordinator Victoria Steele 905-688-5550, extension 5727 Taro 468 Graduate Recruitment/Admissions Officer Laurie Redford 905-688-5550, extension 5362 Taro 468 International Recruitment/Admissions Officer Jason Barfoot 905-688-5550, extension 5936 Taro 433 Administrative Assistant, Graduate Programs Elena Genkin 905-688-5550, extension 4156 Taro 461 Director, Co-op Programs Cindy Dunne |
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The Master of Accountancy (MAcc) program (a two term program) enables students to assimilate advanced knowledge in accounting and related aspects of business. The program encourages the development of critical thinking, analytic and communication skills. It is intended to enhance the ability of students to adapt and respond to a complex changing business environment and to develop a professional attitude, with sensitivity to related ethical questions. The overall objective is to provide a strong academic grounding that will support and encourage the expansion of knowledge for both the individual and the profession over the long term. Students select one of the following streams: (A) General, that includes electives in the student's area of interest, (B) Taxation, that includes advanced study in several areas of taxation (C) Information assurance, that includes advanced study in several areas of information assurance. In all streams, students take one or more electives or specialty courses in other business topics or in approved topics outside the business faculty. Students in the General stream may choose to minor in one of the following functional areas of business: business analytics, finance, human resource management, operations management or marketing. Note: in 2014/15 the information Assurance stream will not be offered. The MAcc program combines academic learning with practical experience through an optional co-op work term. The MAcc Co-op allows students to apply their knowledge to private and public business settings and to develop highly specialized professional skills. The work experience, along with valuable networking contacts, makes a difference to students when preparing to enter the competitive career market. |
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Successful completion of four year Bachelor's degree, or equivalent, with an accounting concentration including courses in advanced financial accounting, advanced management accounting, corporate tax, auditing and other business courses with an average of not less than 75%. A minimum TOEFL iBT score of 105 (or equivalent) is required for all applicants whose first language is not English. The Graduate Admissions Committee will review all applications and recommend admission for a limited number of suitable candidates. Applicants who do not have the required prerequisites may be given the opportunity to complete one or more prerequisite terms. However, acceptance to Brock for purposes of obtaining prerequisites does not constitute acceptance into the Master of Accountancy. Part-time study is not available. |
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The program consists of a series of courses required for all students. All students must complete a total of 10 half-credits. The Master of Accountancy is normally completed in two terms (Winter and Spring). |
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MACC 5P21 Strategic Performance Management MACC 5P32 Global Tax Management and Planning or MACC 5P41 Advanced Topics in Taxation MACC 5P91 Advanced Topics in Corporate Finance MACC 5Y11 Integration and Team Management MACC 5Y12 Integration and Analysis MACC 5P51 REA Modeling and XBRL for Financial Reporting MACC 5P61 Corporate Governance |
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The program provides students with a broad background in all aspects of accounting. It is expected that they will select their electives and their independent study topic in areas that allow them to develop expertise in one or more specialized disciplines such as, auditing, finance or management accounting. In addition to the required courses, students will take four half-credit course electives. The elective courses are normally selected from other graduate courses offered in the Goodman School of Business. Requests to take electives from upper year undergraduate offerings and/or graduate courses outside of the Goodman School of Business may also be considered on a case-by-case basis. Students who take three or more half-credit electives from one functional area of business are eligible to receive a minor denoted on their official transcript. The available functional areas of business in which a minor may be pursured are business analytics, finance, human resource management, operations management and marketing. |
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The tax stream provides students with advanced knowledge in taxation and an ability to research tax issues and communicate results efficiently and effectively. The tax specialty requires several major papers and projects that are spread across the courses in the program, offering students an opportunity to develop their research and communication skills, as well as an opportunity to investigate specialized tax issues. In addition to the required courses, students in the tax specialty stream will take MACC 5P42, (Tax Research and Statutory Interpretation and Practice) MACC 5P43 (Tax Policy), and MACC 5P45 (International Taxation: The Canada/United States Model) and one half-credit elective. The elective half-credit course is normally selected from other graduate courses offered in the Goodman School of Business. Requests to take electives from upper year undergraduate offerings and/or graduate courses outside of the Goodman School of Business may also be considered on a case-by-case basis. Note: In 2014/15 the Taxation stream will not be offered. |
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The information assurance specialty stream provides students with advanced expertise in accounting information systems assurance and technology. Students develop a strong understanding of the strategic role of information systems and will be able to review and assist in their design. Students will complete research and design projects in each of their specialty courses. In addition to the required courses, students in the information assurance specialty stream will take MACC 5P52 (E-Commerce), MACC 5P53 (Accounting Database Design), MBAB 5P15 (Introduction to Information Assurance) and MBAB 5P16 (Enterprise Infrastructure Architecture). |
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Admission to the co-op program is decided on a competitive basis. Students may be admitted to the co-op option at the time of admission or following the first term of MAcc or IMAcc courses. Co-op students will be required to maintain a 75% overall average and achieve appropriate English language proficiency. Admission to the co-op option is on the basis of marks, a review of a personal resumé and employer availability. An interview may be required. In addition to the current tuition fees, co-op students are assessed a co-op administrative fee. Co-op students take part in work-placement seminars (MACC 5N90), comprised of lectures, presentations and industry specific information, for two hours each week prior to the first co-op work term. Attendance is mandatory. The co-op stream is available to full time MAcc or IMAcc students. MAcc or IMAcc students will complete all of their academic terms prior to the co-op work term. |
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The International Master of Accountancy (IMAcc) program provides international students with a broad background in all aspects of accounting with emphasis on managerial accounting and information systems. The content and program objectives are substantially the same as the Master of Accountancy (MAcc) program described above with minor modifications that focus on the needs of international students. The IMAcc program is a lock-step program that includes: an intensive English language study program, a transition term, and two academic terms (12 months). Each of these terms increases students' skills and prepares them for subsequent terms. The IMAcc program combines academic learning with practical experience through an optional co-op work term. The IMAcc Co-op allows students to apply their knowledge to private and public business settings and to develop highly specialized professional skills. The work experience, along with valuable networking contacts, makes a difference to students when preparing to enter the competitive career market. |
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Successful completion of four year Bachelor's degree, or equivalent, with a substantial number of accounting courses, and at least the equivalent of a B academic standing. Students with undergraduate education from outside North America will be considered for the IMAcc or MAcc program depending on the applicants' backgrounds, and future intentions. Proof of English language proficiency will be required from all applicants. The minimum required score for entry is 80 on the TOEFL iBT (no section under 19), 6.5 on the IELTS (no section under 5.5), 520 on the Brock ITELP or equivalent. |
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All students entering the IMAcc program must complete a non-credit Business English program with satisfactory standing in all courses. Students who do not achieve satisfactory standing may be withdrawn from the IMAcc program by the Associate Dean, Graduate Programs and Research in consultation with the MAcc Committee. The Business English program takes place for four weeks in August of each year. The objective of this program is to enable development in the four key language skill areas, reading, writing, listening and speaking in a business context, prior to proceeding to the transition term and graduate courses. The program concentrates on real world examples from the North American business environment. Business English courses are offered in co-operation with Brock's ESL Services and include: MACC 5N81 Business Writing MACC 5N82 Business Reading MACC 5N83 Business Listening MACC 5N84 Business Speaking MACC 5N85 Strategies for Success |
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All students entering the IMAcc program must take courses during a one-term transitional period. This takes place in the Fall of each year. The objective of this transition term is to ensure that students have the appropriate background in North American accounting, business environment, educational delivery methods, and English to continue in the IMAcc program. Students must complete the courses with satisfactory marks before they are permitted to continue with the graduate courses. Transition term courses may include: MACC 5P01 Financial Accounting I MACC 5P02 Financial Accounting II MACC 5Y03 Managerial Accounting MACC 5Y04 Corporate Finance MACC 5P05 Marketing, Operations Management and Organizational Behaviour MACC 5Y06 The Legal and Political Environment MACC 5Y07 Business Communications |
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The program is lock-step and consists of the following required courses for all IMAcc students: MACC 5P21 Strategic Performance Management MACC 5P31 Advanced Management Accounting MACC 5P32 Global Tax Management and Planning MACC 5P51 REA Modeling and XBRL for Financial Reporting MACC 5P52 E-Commerce MACC 5P53 Accounting Database Design MACC 5P60 Advanced Accounting Theory MACC 5P61 Corporate Governance MACC 5P91 Advanced Topics in Corporate Finance MACC 5Y11 Integration and Team Management MACC 5Y12 Integration and Analysis |
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Admission to the co-op program is decided on a competitive basis. Students may be admitted to the co-op option at the time of admission or following the first term of MAcc or IMAcc courses. Co-op students will be required to maintain a 75% overall average and achieve appropriate English language proficiency. Admission to the co-op option is on the basis of marks, a review of a personal resumé and employer availability. An interview may be required. In addition to the current tuition fees, co-op students are assessed a co-op administrative fee. Co-op students take part in work-placement seminars (MACC 5N90), comprised of lectures, presentations and industry specific information, for two hours each week prior to the first co-op work term. Attendance is mandatory. The co-op stream is available to full time MAcc or IMAcc students. MAcc or IMAcc students will complete all of their academic terms prior to the co-op work term. |
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Students must check to ensure that prerequisites are met. Students may be deregistered, at the request of the instructor, from any course for which prerequisites and/or restrictions have not been met. MASTER OF ACCOUNTANCY COURSES Independent Study Research and/or consulting project carried out in collaboration with a faculty adviser and relevant resource personnel. Development of knowledge in a specialized discipline and development of ability to apply the knowledge to particular issues and/or situations. Restriction: open to MAcc students in the general stream. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5F91. Work Placement IV Co-op work term (four months) with an approved employer providing a unique learning experience directly related to the student's chosen area of concentration. Restriction: open to graduate accounting co-op students with permission of the Goodman School of Business Graduate Programs Office. Note: Approval of the Graduate Program Director required. Financial Accounting I The theory and practice of financial statement preparation including the conceptual framework for accounting choices, revenue recognition and the role of financial information in contracting. Emphasis on the measurement, reporting, and disclosure of monetary assets and liabilities. Includes complex issues such as accounting for leases, pensions, future income taxes, intercorporate investments and cash flow reporting. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P01. Financial Accounting II Explores the theory and practice of preparing, measuring and reporting financial information for corporations. Includes essentials of financial analysis, stock valuation using accounting information, accounts receivable, inventory, capital assets, use of derivatives and other financial instruments in hedging, shareholders' equity and shareholders' rights, and inter-corporate investments. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P02. Marketing, Operations Management, and Organizational Behaviour Introduction to fundamental concepts in marketing, operations management and organizational behaviour as they exist in the North American business environment. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P05. Strategic Performance Management Identification and exploration of current and emerging issues in performance measurement, management accounting and strategic decision making. Investigation and analysis of complex issues within an applied organizational setting. Restriction: open to MAcc and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P21. Advanced Management Accounting Examines various advanced topics such as cost behaviours, costing systems, accounting for decision-making, planning and control, incentive and compensation systems, decentralization, and performance evaluation. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P31. Global Tax Management and Planning Focuses on the fundamentals of international tax principles and rules. Provides a structural framework within which international tax issues can be examined by both governments and multinational corporations. The role of treaties in international tax planning will be discussed using the Canada-US Income Tax Convention as an example. Particular emphasis will be placed on the key provisions of the OECD Model Treaty. Other topics included will be source-based taxation, related party transactions, harmful tax competition, tax avoidance measures and the role of tax havens. Restriction: open to MAcc, MBA and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P32. Advanced Topics in Taxation Technical and planning issues related to structures for conducting business and investment activities for both individuals and corporate entities. Focus on various ownership categories, types of business operations and funding issues. Investigation of partnerships and trusts as part of a business or investment portfolio structure. Application of tax issues when making business and investment decisions. Restriction: open to MAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P41. Tax Research and Statutory Interpretation in Practice Effective, efficient, tax research techniques. Development of analytical and critical thinking skills in the context of tax planning. Emphasis on development of research skills including discerning facts, locating authorities, assessing and applying authorities and communicating results. Restriction: open to MAcc students in the taxation stream. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P42. Tax Policy Socioeconomic, legal and political analysis of the legislation, jurisprudence and literature of taxation. Evaluation and application of alternative tax systems and methods. Restriction: open to MAcc students in the taxation stream. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P43. Fundamentals of U.S. Tax Fundamentals of the U.S. tax system relative to corporations and individuals. Focus on the structure of U.S. statutes. Particular emphasis on comparative U.S. and Canadian tax policy and implementation. Introduction to reference tools available for tax research in the United States. Restriction: open to MAcc students in the taxation stream. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P44. International Taxation: The Canada/United States Model Tax implications of doing business in multiple jurisdictions. Investigation of the United States tax system and Canadian tax provisions regarding multinational investment, in-bound and outbound. Restriction: open to MAcc students in the taxation stream. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P45. REA Modeling and XBRL for Financial Reporting Current issues in developing and managing accounting information systems. Fundamentals of value chain modeling, business process modeling and database implementation using REA. Fundamentals of business reporting and information management using XBRL. Restriction: open to MAcc and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P51. E-Commerce Basic grounding in concepts related to electronic commerce-based solutions (primarily business-to-consumer and business-to-business). Communications infrastructure supporting e-commerce, security and integrity issues. Architecture of e-commerce applications, strategic deployment of e-commerce for global competitive advantage. Design of a working e-commerce system required. Restriction: open to MAcc, MBA and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P52. Accounting Database Design Large-scale accounting database projects. Includes requirements analysis, selection, functional specifications, design, testing, performance evaluation and maintenance of Accounting database systems. Design of an Accounting database system required. Additional topics may include relevant aspects of software engineering/programming. Restriction: open to MAcc, MBA and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P53. Expert Systems in Business Conceptual foundations for building knowledge-based systems. Application of artificial intelligence, rule-based systems, other common knowledge representation techniques, knowledge acquisition methods, application of KBS in accounting systems and management. Design of a KBS required. Restriction: open to MAcc and MBA students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P54. Advanced Accounting Theory Economic, ethical and behavioural foundations of accounting theory. Topics may include agency theory, efficient markets and expectancy theory. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P60. Corporate Governance Using examples drawn from current business practices, investigates financial reporting matters, the role and function of auditing and the board of directors, ethics, management policy and leadership. Focuses on developing critical thinking and research skills. Restriction: open to MAcc and IMAcc students. Also open to MBA students who have previous credit in MBAB 5P01 and MBAB 5P08. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P61. Advanced Topics in Assurance Investigates key concepts of auditing. Focuses on the performance of both internal and external assurance engagements , from assessing the need for an engagement, to developing and performing the procedures, to documenting and reporting results. Delves into more complex financial accounting issues and emphasizes the key role played by governance in assurance. Restriction: open to MAcc students. Advanced Topics in Corporate Finance Investigation of current topics in the world of corporate finance, both domestically and internationally. Exploration of complex issues involved with financial instruments, derivative securities, futures and international markets. Development of overall finance policies and identification, evaluation and recommendations regarding investment and financing decisions. Restriction: open to MAcc and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in FNCE 5P91. Independent Study Research and/or consulting project carried out in collaboration with a faculty adviser and relevant resource personnel. Development of knowledge in a specialized discipline and development of ability to apply the knowledge to particular issues and/or situations. Restriction: open to MAcc students. Note: completion of the course will replace previous assigned grade and credit obtained in ACTG 5P92. Managerial Accounting Introduction to management accounting information used to implement and guide management planning, control, and evaluation. Topics may include cost identification, cost behaviour, cost allocation, and the use of various tools to analyze information for decision-making. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y03. Corporate Finance Introduction to fundamental concepts in corporate finance as they exist in the North American business environment. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y04. The Legal and Political Environment Introduction to fundamental concepts in business law and the political system as they exist in the North American business environment. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y06. Business Communications Skill-based introduction to business communications. Structured case study analysis and the development of critical thinking, persuasive speaking and effective writing skills. Restriction: open to IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y07. Integration and Team Management Integration of knowledge from various functional areas of accounting and the business disciplines in a professional context. Development of analytical, diagnostic, decision-making, communication and presentation skills. Application of knowledge and formation of professional judgment in the context of practical problems presented in complex cases using a team-based approach. Restriction: open to MAcc and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y11. Integration and Analysis Application of competencies developed over the program with application to complex and highly integrative cases. Restriction: open to MAcc and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y12. CO-OP COURSES Work Placement I Co-op work term (four months) with an approved employer providing a unique learning experience directly related to the student’s chosen area of concentration. Restriction: open to graduate accounting co-op students with permission of the Goodman School of Business Graduate Programs Office. Note: Approval of the Graduate Program Director. Work Placement II Co-op work term (four months) with an approved employer providing a unique learning experience directly related to the student's chosen area of concentration. Restriction: open to graduate accounting co-op students with permission of the Goodman School of Business Graduate Programs Office. Note: Approval of the Graduate Program Director required. Work Placement III Co-op work term (four months) with an approved employer providing a unique learning experience directly related to the student's chosen area of concentration. Restriction: open to graduate accounting co-op students with permission of the Goodman School of Business Graduate Programs Office. Note: Approval of the Graduate Program Director required Work Placement Training and Development An in-depth series of workshops and interactions to prepare learners for co-op work term and career development. Topics include résumé writing, interview skills, diversity in the workplace, and the job posting process. Restriction: open to graduate accounting co-op students with permission of the Goodman School of Business Graduate Programs Office. Note: Approval of the Graduate Program Director required. NON-CREDIT COURSES Business Writing (also offered as MBAB 5N81) Emphasis on written business communication memos, letters, e-mails, reports, proposals. Restriction: open to IMAcc students. Business Reading (also offered as MBAB 5N82) Vocabulary and conventions of North American business. Restriction: open to IMAcc students. Business Listening (also offered as MBAB 5N83) Practice with business related audio/video materials. Academic note-taking skills. Restriction: open to IMAcc students. Business Speaking (also offered as MBAB 5N84) Developing oral communication skills for business meetings and presentations. Recognizing cultural differences in business practices. Restriction: open to IMAcc students. Strategies for Success (also offered as MBAB 5N85) Workshops, seminars and presentations to assist in providing international students with a smooth transition to graduate studies in business. Restriction: Open to IMAcc students. |
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2014-2015 Graduate Calendar
Last updated: October 15, 2014 @ 02:19PM