Last updated: October 9, 2015 @ 02:28PM
Accounting
Master of Accountancy
Fields of Specialization
General
Information Assurance (MAcc only, not offered in 2015/16)
Taxation (MAcc only, not offered in 2015/16)
Dean
Donald A. Cyr
Goodman School of Business
Associate Dean, Research and Graduate Programs
Ernest Biktimirov
Goodman School of Business
Core Faculty
Professor
Darlene Bay (Accounting), Ernest Biktimirov (Finance, Operations and Information Systems), Fayez Elayan (Accounting), Hemantha Herath (Accounting), Eugene Kaciak (Finance, Operations and Information Systems), Raafat R. Roubi (Accounting)
Associate Professors
Ian Adamson (Accounting), Walid Ben Omrane (Finance, Operations and Information Systems), Gail L. Cook (Accounting), Louis Culumovic (Accounting), Maureen Donnelly (Accounting), Sandra M. Felton (Accounting), 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), Tashfeen Sohail (Accounting), Linda Stillabower (Accounting), Samir Trabelsi (Accounting), Allister Young (Accounting)
Assistant Professors
Kareen Brown (Accounting), Adam Kanar (Organizational Behaviour, Human Resource Management, Entrepreneurship and Ethics), Staci Kenno (Accounting), Sohyung Kim (Accounting), Zhefeng (Frank) Liu (Accounting)
Participating Faculty
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
http://www.bus.brocku.ca/macc
Graduate Academic Coordinator
Brendan Barrett
905-688-5550, extension 5871
Taro 456
International Co-ordinator, Graduate Programs
Jingtao (Teresa) Feng
905-688-5550, extension 4157
Taro 458
Student Skills Development Coordinator
TBD
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
TBD
Master of Accountancy
Program Description
The Master of Accountancy (MAcc) program (a two term program with an optional four month co-op work term) is part of the Goodman School of Business’s BAcc/MAcc CPA Pathway. The Goodman School of Business is accredited by the Chartered Professional Accountants of Ontario and eligible graduates of the MAcc can proceed to write the Common Final Evaluation (CFE) in the September immediately following the program.
Students who have not completed the Goodman BAcc (Bachelor of Accounting) degree may be eligible for the CPA Pathway. Contact the Goodman School of Business’s Graduate Programs Office for an individual assessment.
For students interested in obtaining the CPA designation, the MAcc program enables them to complete the CPA PEP program in seven months of full-time study, rather than two years of part-time study. Students will complete all four CPA elective modules (Assurance, Tax, Finance and Performance Management) and will exceed the elective requirements of CPA Ontario. Additionally, students will complete two integrated capstone modules designed to prepare them for the CFE.
In addition to fulfilling CPA exam requirements, the MAcc 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.
Students will select the General (CPA Pathway) or the Taxation or Information Assurance specialization. In all options, students must complete one or more electives or specialty courses in other business topics or in approved topics offered by programs outside the business school. The opportunity to earn a designated minor in Business Analytics, Finance, Human Resource Management or Marketing is also available.
Note: in 2015/16 the Information Assurance and Taxation specialization courses will not be offered.
The MAcc program combines academic learning with practical experience through an optional co-op work term. The MAcc co-op option provides students with the opportunity to apply their knowledge in private and public business settings and to develop professional skills. The MAcc co-op work experience can be used toward the CPA practical work experience requirement
Admission Requirements
Successful completion of a four year Canadian Bachelor's degree, or equivalent, with an accounting concentration including courses in advanced financial accounting, cost and management accounting, advanced auditing, advanced personal and corporate taxation, business/management information systems, corporate finance, economics, Canadian business law and integration and problem solving with an average of not less than 75% (mid-B) over the last two years of full-time undergraduate study.
For students who must provide proof of Engish Language Proficiency, a minimum Academic IELTS score of 7.5 or TOEFL iBT score of 105 (or equivalent) is required. For a full listing of accepted tests see: http://brocku.ca/nextstep/international-students/english-language-proficiency/
The Graduate Admissions Committee will review all applications and recommend admission for a limited number of suitable candidates.
Part-time study is not available.
All MAcc students will be required to have a PC-based laptop as the CPA Securexam (CA) software runs on PC-based computer only. No Apple/Power PC/Macintosh computer would be acceptable, even if it runs Windows. Securexam (CA) will run on Vista, Windows 7 or 8 operating systems. For more information, please refer to the CPA website: http://www.cpaontario.ca/Students/securexam/1014page6056.aspx
Degree Requirements
The Master of Accountancy is normally completed in two terms (Winter and Spring).
Students must complete a total of ten half-credit required courses and electives.
Required Courses
MACC 5P21 Strategic Performance Management
MACC 5P41 Advanced Topics in Taxation
MACC 5P71 Advanced Assurance
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
General CPA Pathway
The CPA Pathway is accredited by CPA Ontario and is primarily focused on the body of knowledge required for the CPA PEP program. Completion of the MAcc (CPA pathway) will provide students with advanced standing in CPA PEP to the end of Capstone 2. Students are encouraged to complete the Common Final Examination (CFE) in the September immediately following the completion of the MAcc degree.
In addition to the required courses, students must complete three 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 in the CPA Pathway who successfully complete three or more half-credit electives from one of the functional areas of business will fulfill the requirements of a minor that will be notated on their official transcript. A minor may be pursued in: Business Analytics, Finance, Human Resource Management, Operations Management and Marketing. (Note that courses may not be offered in a given year if there is insufficient student interest.)
Tax Specilization
The tax specialization provides students the opportunity to develop advanced knowledge in taxation and an ability to research tax issues and communicate results efficiently and effectively.
In addition to the required courses, students in the tax specialization 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 2015/16 the Taxation specialization will not be offered
Information Assurance specialization
The information assurance specialization provides students with the opportunity to develop advanced expertise in accounting information system assurance and technology, a strong understanding of the strategic role of information systems and their review and design.
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).
Note: In 2015/16 the Information Assurance stream will not be offered.
Co-op Option
Admission to the co-op option is 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 courses. Co-op students must 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.
Co-op students complete (MACC 5N90) work-placement seminars, that include 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 option is available to full-time students. Students will complete year one of their program prior to the co-op work term.
International Master of Accountancy
Program Description
The International Master of Accountancy (IMAcc) program provides international students who have studied accounting outside of Canada with a broad background in all aspects of accounting with emphasis on managerial accounting and information systems. The IMAcc 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 a lock-step program that includes: an intensive English language study program, a transition term that covers accounting and related business topics, and two academic terms (12 months).
The 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.
At the end of the program, graduates are awarded a Master of Accountancy degree. Although the IMAcc program does not lead directly to a Canadian accounting designation, students interested in pursuing a Canadian accounting designation may submit their post-secondary transcripts (in English) to CPA Ontario for an assessment to determine course equivalencies in the CPA program.
Admission Requirements
Successful completion of four year Bachelor's degree, or equivalent, with a substantial number of accounting courses, and at least the equivalent of a 75% (mid-B) academic standing.
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), 5 or equivalent. For a full listing of accepted tests, see http://brocku.ca/nextstep/international-students/english-language-proficiency/.
Degree Requirements
Required Courses
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
Co-op option
Admission to the co-op option is on a competitive basis. Students may be admitted to the co-op option at the time of admission or following the first term of IMAcc courses. Co-op students must 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.
Business English
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 over four weeks in August each year. The objective of the 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 utilizes real world examples from the North American business environment. Business English courses are offered in co-operation with Brock's ESL Services.
MACC 5N81 Business Writing
MACC 5N82 Business Reading
MACC 5N83 Business Listening
MACC 5N84 Business Speaking
MACC 5N85 Strategies for Success
Transition Term
The objective of the 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.
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
Course Descriptions
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.
MACC 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.
Restriction: open to MAcc students in the general stream.
MACC 5N11
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.
MACC 5N12
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.
MACC 5N13
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
MACC 5N14
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.
MACC 5N81
Business Writing
(also offered as MBAB 5N81)
Emphasis on written business communication memos, letters, e-mails, reports, proposals.
Restriction: open to IMAcc students.
MACC 5N82
Business Reading
(also offered as MBAB 5N82)
Vocabulary and conventions of North American business.
Restriction: open to IMAcc students.
MACC 5N83
Business Listening
(also offered as MBAB 5N83)
Practice with business related audio/video materials. Academic note-taking skills.
Restriction: open to IMAcc students.
MACC 5N84
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.
MACC 5N85
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.
MACC 5N90
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.
MACC 5P01
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.
MACC 5P02
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.
MACC 5P05
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.
MACC 5P21
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.
MACC 5P31
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.
MACC 5P32
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.
MACC 5P41
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.
MACC 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.
Restriction: open to MAcc students in the taxation stream.
MACC 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.
Restriction: open to MAcc students in the taxation stream.
MACC 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.
Restriction: open to MAcc students in the taxation stream.
MACC 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.
Restriction: open to MAcc students in the taxation stream.
MACC 5P51
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.
MACC 5P52
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.
MACC 5P53
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.
MACC 5P54
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.
MACC 5P60
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.
MACC 5P61
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.
MACC 5P71
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.
MACC 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. Development of overall finance policies and identification, evaluation and recommendations regarding investment and financing decisions.
Restriction: open to MAcc and IMAcc students.
MACC 5P92
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.
MACC 5Y03
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.
MACC 5Y04
Corporate Finance
Introduction to fundamental concepts in corporate finance as they exist in the North American business environment.
Restriction: open to IMAcc students.
MACC 5Y06
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.
MACC 5Y07
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.
MACC 5Y11
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.
MACC 5Y12
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.