Last updated: September 8, 2004 @ 10:45AM
Accounting
Associate Dean, Graduate Studies
Donald Cyr
Chair
Barbara Sainty
Professors
Raafat R. Roubi, Robert Welch
Associate Professors
Ian Adamson, Darlene Bay, Gail L. Cook, Louis Culumovic, Donald Cyr, Maureen Donnelly, Paul Dunn, Fayez Elayan, Sandra M. Felton, Patricia M. Myers, Barbara Sainty, Paul Scarbrough, Anamitra Shome, Linda Stillabower
Assistant Professors
Mohamed Ayadi, Ernest Biktimirov, Donald Brown, Zhongzhi Lawrence He, Hemantha Herath, Jingyu (Jennifer) Li, Alex Nikitkov, Onem Ozocak, Unyong Pyo, Samir Trabelsi, Allister Young
Lecturers
Daniel Armishaw, Fred Cranston, Carolyn J. Davis, Robert Hanrahan, Shari Leitch, Carolyn MacTavish
Master of Accountancy Program
Graduate Programs Officer
Shari Leitch
905-688-5550, extension 3916
Taro 364
http://www.bus.brocku.ca/macc
The Master of Accountancy (MAcc) 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 (A) generalized stream, that includes one independent study with a faculty member in the student's area of interest, (B) the tax specialty stream, that includes advanced study in several areas of taxation (C) the information systems specialty stream that includes advanced study in several areas of information systems and one independent study in the area of information systems with a faculty member. In all streams, students take one or more electives or specialty courses in other business topics or in approved topics outside the business faculty.
Admission Requirement
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, auditing and other business courses. At least a B (second-class) standing or equivalent is required for admission. 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. A student with undergraduate education from outside of North America will be considered for the MAcc or IMAcc program (see below) depending on the applicant's background and future intentions.
Program Requirements
Candidates for the Master of Accountancy degree shall follow a program of study that must be approved by the Chair of the Accounting Department, in consultation with the Associate Dean, Graduate Studies.
The program consists of a series of courses required for all students. In addition to the required courses, students select from the general stream as outlined in Stream A, the tax specialty stream as outlined in Stream B or the information systems specialty stream as outlined in Stream C below.
Required Courses
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 5P61
Corporate Governance
Stream A General
The general stream 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, general stream students will take two half credit course electives students must enroll 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 (including MBA courses) by the Faculty of Business or outside the Faculty. All elective courses and the program of independent study must be approved by the Associate Dean, Graduate Studies and the Chair of the Accounting and Finance Department.
Stream B Taxation
The tax specialty 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 ACTG 5P42, (Tax Research and Statutory Interpretation and Practice) and one-half credit elective. These students will also 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 must be selected from courses offered at the 3(alpha)90 or above level (including MBA courses) in the Faculty of Business or outside the Faculty of Business, subject to the approval of the Associate Dean, Graduate Studies and the Chair of the Accounting Department.
Stream C Information Systems
The information systems specialty stream provides students with advanced expertise in information systems and technology. Students also will 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. It is expected that the required independent study project will reflect research and/or consulting activities in the information systems field.
In addition to the required courses, students in the information systems specialty stream will take ACTG 5P54 (Knowledge Engineering), ACTG 5P52 (E-Commerce) and ACTG 5P53 (Database Design and Management). In addition, students in the information systems stream must also enroll in ACTG 5P92 (Independent Study for Information Systems) under the supervision of a faculty member. The program of independent study must be approved by the Associate Dean, Graduate Studies and the Chair of the Accounting Department.
International Master of Accountancy Program
Graduate Programs Officer
Shari Leitch
905-688-5550, extension 3916
Taro 364
http://www.bus.brocku.ca/imacc
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. Each of these terms increases students' skills and prepares them for subsequent terms.
Admission Requirement
The basic admission requirement for the IMAcc program is the equivalent of a Canadian university honours undergraduate degree with a substantial number of accounting courses and at least the equivalent of a B (second-class) academic standing. Students with undergraduate education from outside of North America will be considered for the IMAcc or MAcc program depending on the applicants' backgrounds, and future intentions.
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 enter 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:
ACTG 5P01
Financial Accounting I
ACTG 5P02
Financial Accounting II
ACTG 5Y03
Managerial Accounting
ACTG 5Y04
Corporate Finance
ACTG 5P05
Marketing, Operations Management and Organizational Behaviour
ACTG 5Y06
The Legal and Political Environment
ACTG 5Y07
Business Communications
Program Requirements
Students in the IMACC program follow a program of study that must be approved by the Chair of the Accounting Department, in consultation with the Associate Dean, Graduate Studies. The program is lock-step and consists of the following required courses for all IMAcc students:
ACTG 5P21
Strategic Cost Management
ACTG 5P31
Advanced Management Accounting
ACTG 5P32
Global Tax Management and Planning
ACTG 5P51
Information Technology and Systems
ACTG 5P52
E-Commerce
ACTG 5P53
Database Design and Management
ACTG 5P60
Advanced Accounting Theory
ACTG 5P61
Corporate Governance
FNCE 5P91
Advanced Topics in Corporate Finance
ACTG 5Y11
Integration and Analysis I
ACTG 5Y12
Integration and Analysis II
ACTG 5F91
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.
ACTG 5P01
Financial Accounting I
ACTG 5P02
Financial Accounting II
ACTG 5P05
Marketing, Operations Management and Organizational Behaviour
ACTG 5P21
Strategic Cost Management
ACTG 5P31
Advanced Management Accounting
ACTG 5P32
Global Tax Management and Planning
ACTG 5P41
Advanced Topics in the Taxation of Corporations and their Shareholders
ACTG 5P42
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.
ACTG 5P43
Tax Policy
Socioeconomic, legal and political analysis of the legislation, jurisprudence and literature of taxation. Evaluation and application of alternative tax systems and methods.
ACTG 5P44
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.
ACTG 5P45
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.
ACTG 5P51
Information Technology and Systems
ACTG 5P52
E-Commerce
ACTG 5P53
Database Design and Management
ACTG 5P54
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.
ACTG 5P60
Advanced Accounting Theory
ACTG 5P61
Corporate Governance
ACTG 5P92
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.
ACTG 5Y03
Managerial Accounting
ACTG 5Y04
Corporate Finance
ACTG 5Y06
The Legal and Political Environment
ACTG 5Y07
Business Communications
ACTG 5Y11
Integration and Analysis I
ACTG 5Y12
Integration and Analysis II
ACTG 5Y45-5Y50
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.
FINANCE
FNCE 5P91
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.