Last updated: February 18, 2022 @ 03:47PM
Accounting
Master of Accountancy
brocku.ca/goodman/programs/macc
Graduate Diploma in Accountancy
brocku.ca/goodman/programs/diplomas-certificates/gdac
Fields of Specialization
General (CPA Pathway)
Information Assurance (not offered in 2022/23)
Taxation (not offered in 2022/23)
Dean
Andrew Gaudes
Goodman School of Business
Associate Dean, Research and Graduate Programs
Narongsak (Tek) Thongpapanl
Goodman School of Business
Core Faculty
Professors
Darlene Bay (Accounting), Walid Ben Omrane (Finance, Operations and Information Systems), Ernest Biktimirov (Finance, Operations and Information Systems), Fayez A. Elayan (Accounting), Hemantha Herath (Accounting), Jingyu (Jennifer) Li (Accounting), Alex Nikitkov (Accounting), Tanya Tang (Accounting), Samir Trabelsi (Accounting)
Associate Professors
Ian Adamson (Accounting), Kareen Brown (Accounting), Louis Culumovic (Accounting), Sohyung Kim (Accounting), Pascale Lapointe-Antunes (Accounting), Michelle Lau (Accounting), Zhefeng (Frank) Liu (Accounting), Parunchana Pacharn (Accounting), Unyong (Howard) Pyo (Finance, Operations and Information Systems), Barbara Sainty (Accounting), Paul Scarbrough (Accounting), Anamitra Shome (Accounting), Tashfeen Sohail (Accounting), Linda Stillabower (Accounting)
Assistant Professors
Dan (Sabrina) Gong (Accounting), Nam Ho (Accounting), Mengtian Li (Accounting), Simon Suwanyangyuan (Accounting)
Participating Faculty
Lecturers
Norman Chasse (Accounting), Sangeeta Hollo (Accounting), Glenn Skrubbeltrang (Accounting), Xia (Celine) Zhang (Accounting)
Goodman School of Business, Graduate Program Office
Director, Operations, Graduate and Executive Programs
Carrie Kelly
905-688-5550, extension 3954
GSB 342A
Graduate Academic Coordinator
Philip Alexander
905-688-5550, extension 5871
GSB344
Manager, International Programs
Jingtao (Teresa) Feng
905-688-5550, extension 4157
GSB 343
Student Skills Development Coordinator
Luiza Guimaraes
905-688-5550, extension 5727
GSB 342
International Recruitment/Admissions Officer, Graduate Programs
Jason Barfoot
905-688-5550, extension 5936
GSB 347
Graduate Admissions/Scholarships Coordinator
Laurie Redford
905-688-5550, extension 6169
GSB 346
Graduate Recruitment Coordinator
Rebecca (Becky) White-Côté
905-688-5550, extension 5362
GSB 340
Graduate Program Assistant
Stephanie McIntosh
905-688-5550, extension 3535
GSB 347
Administrative Assistant, Graduate Programs
Donna Panetta
905-688-5550, extension 4156
GSB 341
Director, Co-op Programs
Cara Krezek
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 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, 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.
Note: in 2022/23 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 English 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: 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 available. However, applicants should consult with the Graduate Program Office regarding course sequencing and availability. Students must take MACC 5P11 and MACC 5P12 concurrently and in the final term of the program.
Degree Requirements
The Master of Accountancy is normally completed in two terms (Winter and Spring).
Required Courses
Students must complete a total of ten half-credit required courses and electives.
MACC 5P21 Strategic Performance Management
MACC 5P41 Advanced Topics in Taxation
MACC 5P71 Advanced Topics in Assurance
MACC 5P91 Advanced Topics in Corporate Finance
MACC 5P11 Integration and Team Management
MACC 5P12 Integration and Analysis
MACC 5P51 Information Technology and Systems
MACC 5P61 Corporate Governance
MACC 5P88 Accounting for Governmental and Not-for-profit Organizations
MACC 5P99 Advanced Financial Statement Analysis
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.
Tax Specialization
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 2022/23 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 2022/23 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 resume 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.
Graduate Diploma in Accountancy
Program Description
The Graduate Diploma in Accountancy (GDAcc) program (a one term program) is part of the Goodman School of Business’s BAcc/MAcc CPA Pathway and consists of the first term of the MAcc program. The Goodman School of Business is accredited by the Chartered Professional Accountants of Ontario and eligible graduates of GDAcc can proceed with the MAcc program and subsequently 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 GDAcc program enables them to complete two CPA Electives in four months of full-time study. In addition to fulfilling CPA exam requirements, the GDAcc 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.
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 English 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: https://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.
Degree Requirements
The Graduate Diploma in Accountancy (GDAcc) is normally completed in one term (Winter). Students must complete a total of five half-credit required courses: MACC 5P21, 5P41, 5P71, 5P91 and 5P99.
Students who successfully complete all five half-credit courses and achieve an overall average of 75% in the GDAcc program may transfer directly to the Master of Accountancy degree program (MAcc) with the approval of the Goodman Graduate Programs Office. Those students who opt to transfer to the MAcc will not receive or will relinquish the GDAcc and instead may use the GDAcc earned credits to fulfill half of the MAcc degree requirements. If a student later leaves the MAcc prior to completion, the student will remain eligible to receive the GDAcc.
Students admitted directly to the MAcc who do not complete the full degree requirements (voluntarily or involuntarily) but have completed the required diploma courses will be eligible to receive the GDAcc after removal from the MAcc degree program.
Course Descriptions
Note that not all courses are offered in every session. Refer to the applicable timetable for details.
Students must 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
Co-op Employment I
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
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
Co-op Employment II
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
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
Co-op Employment III
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
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
Co-op Employment IV
Co-op work term (four months) with an approved employer providing a work integrated learning experience related to the student's chosen area of concentration. The co-op employment is full time with 35 to 40 hours per week for 12 to 16 weeks. Students are required to meet all the work term deliverables successfully (learning objective, work site visit, work term report and work term evaluation) and fulfill their employment contract in order to receive a “Satisfactory” grade for the work term.
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 5N90
Co-op Professional Preparation Course
The primary goal of this course is to provide graduate students with the tools, resources and skills to maximize co-op employment and professional development opportunities – both while at Brock and after graduation. This course is a pre-requisite for any co-op students who wish to participate in co-op job search and grade will be evaluated based on class participation including attendance and completion of professional projects.
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 5P11
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 students.
MACC 5P12
Integration and Analysis
Application and integration of enabling competencies and technical competencies in financial accounting, management accounting, assurance, taxation, finance, and strategy and governance developed over the program to complex and highly integrative case studies.
Restriction: open to MAcc 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 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 and MBA 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
Information Technology and Systems
(also offered as MPAC 5P51)
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 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 5P88
Accounting for Governmental and Not-for-Profit Organizations
Principles of financial and management accounting as they relate to governmental and not-for-profit organizations including healthcare, charities, universities and other public institutions. The course covers topics such as fund accounting, budgeting, performance evaluation, and auditing of governmental and not-for-profit organizations.
Restriction: open to MAcc students.
Prerequisite(s): ACTG 3P33 Accounting for External Reporting III or permission of the Graduate Programs Office.
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 5P99
Advanced Financial Statement Analysis
Fundamental analysis techniques and stresses the use of financial accounting in decision making. The focus will be on the role of financial statement analysis by decision makers for current evaluation and future prediction to advance our understanding of how to use accounting and other financial information to value and analyze firms.
Restriction: open to MAcc students.
Prerequisite(s): ACTG 3P33 Accounting for External Reporting III or permission of the Graduate Programs Office.