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Master of Accountancy Fields of Specialization General Information Systems (MAcc only) Taxation (MAcc only) Dean Philip J. Kitchen Faculty of Business Associate Dean, Research and Graduate Programs Danny Cho Faculty of Business Core Faculty Professor Fayez Elayan (Accounting), Raafat R. Roubi (Accounting) Associate Professors Ian Adamson (Accounting), Darlene Bay (Accounting), Ernest Biktimirov (Finance, Operations and Information Systems), Gail L. Cook (Accounting), Louis Culumovic (Accounting), Maureen Donnelly (Accounting), Paul Dunn (Accounting), Sandra M. Felton (Accounting), Hemantha Herath (Accounting), Eugene Kaciak (Finance, Operations and Information Systems), Jingyu (Jennifer) Li (Accounting), Patricia M. Myers (Accounting), Alex Nikitkov (Accounting), Barbara Sainty (Accounting), Paul Scarbrough (Accounting), Anamitra Shome (Accounting), Linda Stillabower (Accounting), Samir Trabelsi (Accounting), Allister Young (Accounting) Assistant Professors Leslie Berger (Accounting), Pascale Lapointe-Antunes (Accounting), Parunchana Pacharn (Accounting), Chelsea Willness (Organizational Behaviour, Human Resources, Entrepreneurship and Ethics) Participating Faculty Assistant Professors Donald Brown (Accounting), James Moore (Accounting) Lecturers Marilyn Adams (Accounting), M. Sharon Broderick (Marketing, International Business and Strategy), Norman Chasse (Accounting), Jacqueline Glenney (Marketing, International Business and Strategy), Michelle Lysak (Accounting), Carolyn MacTavish (Accounting), Patrick Ounlert (Accounting) Director of Graduate Programs Shari Sekel 905-688-5550, extension 3916 Taro 461A International Co-ordinator, Graduate Programs Jingtao (Teresa) Feng 905-688-5550, extension 4157 Taro 458 Recruitment Officer, Graduate Programs Andrea Navin 905-688-5550, extension 5362 Taro 456 Administrative Assistant, Graduate Programs Mary Froese 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 one independent study with a faculty member in the student's area of interest, (B) Taxation, that includes advanced study in several areas of taxation (C) Information systems, 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. |
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Successful completion of an Honours 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 overall average of not less than 75%. Students with an undergraduate education from outside North America will be considered for the MAcc or IMAcc program (see below) depending on the applicant's background and future intentions. 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. 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. All students must complete a total of 10 half-credits. The Master of Accountancy is normally completed in two terms (Fall and Winter). |
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MACC 5P21 Strategic Cost Management MACC 5P32 Global Tax Management and Planning or MACC 5P41 Advanced Topics in the Taxation of Corporations and their Shareholders MACC 5P91 Advanced Topics in Corporate Finance MACC 5Y11 Integration and Analysis I MACC 5Y12 Integration and Analysis II MACC 5P51 Information Technology and Systems MACC 5P61 Corporate Governance |
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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 MACC 5F91 (Independent Study) under the supervision of a faculty member in the accounting discipline of their choice. The elective courses are normally selected from other graduate courses offered in the Faculty of Business. Requests to take electives from upper year undergraduate offerings and/or graduate courses outside of the Faculty of Business may also be considered on a case-by-case basis. The proposal for the independent study must be approved by the Associate Dean and the Chair of the Accounting Department. |
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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 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 Faculty of Business. Requests to take electives from upper year undergraduate offerings and/or graduate courses outside of the Faculty of Business may also be considered on a case-by-case basis. |
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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 MACC 5P54 (Expert Systems in Business), MACC 5P52 (E-Commerce), and MACC 5P53 (Database Design and Management). In addition, students in the information systems stream must also enroll in MACC 5P92 (Independent Study for Information Systems) under the supervision of a faculty member. The proposal for the independent study must be approved by the Associate Dean and the Chair of the Accounting Department. |
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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. |
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Successful completion of an Honours 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 550 on the TOEFL PBT 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 Reading MACC 5N82 Business Writing MACC 5N83 Business Listening MACC 5N84 Business Speaking |
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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 Cost Management MACC 5P31 Advanced Management Accounting MACC 5P32 Global Tax Management and Planning MACC 5P51 Information Technology and Systems MACC 5P52 E-Commerce MACC 5P53 Database Design and Management MACC 5P60 Advanced Accounting Theory MACC 5P61 Corporate Governance MACC 5P91 Advanced Topics in Corporate Finance MACC 5Y11 Integration and Analysis I MACC 5Y12 Integration and Analysis II |
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A paid co-op option is available to MAcc and IMAcc students. MAcc students will complete term one of the program prior to the co-op term. IMAcc students will complete all of their academic requirements prior to the co-op term. The exposure to courses in the core areas of accounting and finance provides the necessary academic background for the internship experience. Students may be admitted to the co-op option upon initial MAcc or IMAcc program admission or following the first term of graduate 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. |
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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. 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. Co-op Placement I Co-op work placement (4 months) with an approved employer. Restriction: open to graduate accounting co-op students with permission of the Faculty of Business Graduate Programs Office. Co-op Placement II Co-op work placement (4 months) with an approved employer. Enrolment subject to approval by Program Director. Restriction: open to graduate accounting co-op students with permission of the Faculty of Business Graduate Programs Office. Co-op Placement III Co-op work placement (4 months) with an approved employer. Enrolment subject to approval by Program Director. Restriction: open to graduate accounting co-op students with permission of the Faculty of Business Graduate Programs Office. 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. Co-op Training and Development Framework for the development of learning objectives by students for individual work term(s). Includes orientation to the co-op experience, goal setting, résumé preparation, interview skills preparation. Restriction: open to graduate business co-op students with permission of the Faculty of Business Graduate Programs Office. 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 Cost Management Identification and exploration of current and emerging issues in management accounting. 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 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. Restriction: open to MAcc students in the taxation stream. 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. 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. 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. 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. 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. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5P61. 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. 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 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. Restriction: open to MAcc students in the information systems stream. 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 behavior, 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 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 practical problems presented in complex cases. 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 II Continuation of integration of knowledge. Restriction: open to MAcc and IMAcc students. Note: completion of this course will replace previous assigned grade and credit obtained in ACTG 5Y12. |
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2010-2011 Graduate Calendar
Last updated: January 11, 2011 @ 10:24AM