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Chair Donald Cyr Professors William Richardson, Robert Welch Associate Professors Thomas H. Barnes, Gail Cook, Louis Culumovic, Donald Cyr, Maureen Donnelly, Sandra M. Felton, Raafat R. Roubi, Paul Scarbrough, Linda Stillabower Assistant Professors Ian Adamson, Ernest Biktimirov, Paul Dunn, Howard Nemiroff, Barbara Sainty, Al Seaman, Anamitra Shome Adjunct Professors Donald Brown, Allister W. Young |
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Administrator Shari Leitch, extension 3916 Taro 220 http:http://www.bus.brocku.ca/macc The Master of Accountancy (MAcc) program is designed to assist students in the assimilation of 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 either a generalized stream that includes one independent study with a faculty member in the student's area of interest or the tax specialty stream that includes advanced study in several areas of taxation. In either stream, students take one or more electives in other business topics or in approved topics outside the business faculty. |
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The basic admission requirement for the MAcc program is an honours bachelors degree with an accounting concentration including courses in advanced financial accounting, advanced management accounting, corporate tax and auditing. At least a B (second-class) standing or equivalent is required for admission. Applicants who do not have the required prerequisites will be given the opportunity to complete one or more prerequisite terms. However, acceptance to Brock for purposses of obtaining prerequisites does not constitute acceptance into the Master of Accountancy. |
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Candidates for the Master of Accountancy degree shall follow a program of study that must be approved by the Chair of the Accounting and Finance department, in consultation with the Director of the MAcc. The program consists of a series of courses required for all students. In addition to the required courses, students select either the general stream as outlined in Stream A below or the tax specialty stream as outlined in Stream B below. |
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ACTG 5P21 Strategic Cost Management ACTG 5P41 Advanced Topics in the Taxation of Corporations and Their Shareholders FNCE 5P91 Advanced Topics in Corporate Finance ACTG 5Y11 Integration and Analysis I ACTG 5Y12 Integration and Analysis II ACTG 5P51 Information Technology and Systems ACTG 5Y31 Advanced Topics in Financial Reporting ACTG 5Y61 Advanced Topics in Auditing |
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The general stream is designed to provide 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 one or more areas that allow them to develop expertise in one or more specialized disciplines such as information systems, auditing or management accounting. In addition to the required courses, general stream students will take two half credit course electives during the first term. In addition, these students must enrol in ACTG 5F91 (Independent Study) under the supervision of a faculty member in the discipline of their choice. The elective courses generally may be selected from courses offered at the 3(alpha)90 or above level by the Faculty of Business or outside the Faculty. All elective courses and the program of independent study must be approved by the Director of the MAcc and the Chair of the Accounting and Finance department. |
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The tax specialty stream is designed to provide 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 ACTG 5P42, (Tax Research and Statutory Interpretation and Practice) and one-half credit elective in the first term. During the second term, these students will take ACTG 5P43 (Tax Policy); ACTG 5Y45-5Y50 (Advanced Special Topics in Taxation) and ACTG 5P45 (International Taxation: The Canada/United States Model). The elective half credit course in the first term must be selected from courses offered at the 3(alpha)90 or above level in the Faculty of Business or outside the Faculty of Business, subject to the approval of the Director of MAcc and the Chair of the Accounting and Finance department. |
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Management Accounting and IT/IS Focuses on the design and use of management accounting systems to improve operational efficiency and effectiveness. Topics include the advanced management accounting and IT/IS tools needed to run a modern business. Involves a field study in a company where the student will define, analyze, solve and report on a problem within management accounting and IT/IS. Note: students completing this course will forfeit credit in ACTG 5P51. 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. Strategic Cost Management Identification and exploration of current and emerging issues in management accounting. Investigation and analysis of complex issues within an applied organizational setting. Achieving Profit Goals and Driving Corporate Performance Focuses on the design and structure of management accounting and performance measurement systems to improve Focuses on the design and structure of management accounting and performance measurement systems to improve operational efficiency and effectiveness. Examines various management accounting topics such as performance measurement, performance evaluation and cost behaviours. Students will learn how to create effective performance measurement system utilizing accounting tools in order to improve operational efficiency and strategy implementation. 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. Advanced Topics in the Taxation of Corporations and Their Shareholders Technical and planning issues related to structures for conducting business and investment activities. 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 provisions of tax law and communication of results of research and analysis. 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. Tax Policy Socioeconomic, legal and political analysis of the legislation, jurisprudence and literature of taxation. Evaluation and application of alternative tax systems and methods. 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. 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. Information Technology and Systems Knowledge-based and decision support systems used in decision making for support of the enterprise at the strategic and operation management levels. Conceptual foundations and techniques for decision making, data management, modeling and model management. Fundamentals of expert systems and the acquisition of knowledge for such systems. 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. Database Design and Management Large-scale database projects. Includes requirements analysis, selection, functional specifications, design, testing, performance evaluation and maintenance of a database system. Design of a database system required. Knowledge Engineering 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. 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. Application of knowledge in a real-world environment. Independent Study for Information Systems 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. Integration and Analysis I Integration of knowledge from various functional areas of accounting and the business disciplines in a professional context. Development of analytical, diagnostic, decision-making and presentation skills. Application of knowledge and formation of professional judgment in the context of real world situations presented in complex cases. Integration and Analysis II Continuation of integration of knowledge. Advanced Topics in Financial Reporting Identification and exploration of current and emerging issues in financial reporting. Investigation and analysis of complex issues within an applied organizational setting. Advanced Special Topics in Taxation Emerging issues and topics in taxation. Content varies depending on the instructor and the topics at issue at the time of offering. Advanced Topics in Auditing Identification and exploration of current and emerging issues in auditing and assurance services. Investigation and analysis of complex issues within an applied organization setting. |
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2001-2002 Graduate Calendar
Last updated: July 30, 2001 @ 09:39AM