Greetings from the MSACC Director:
Welcome to the Web site of the Von Allmen School of Accountancy, Master of Science in Accounting (MSACC) Program. I am certain you will find our newly revised masters degree program innovative and state of the art. The program incorporates recent developments in the accounting profession and changes to the structure and administration of the CPA exam. Our MSACC degree is accredited by the AACSB, which is the hallmark of accrediting bodies and adheres to the highest accrediting standards.
The graduate faculty are highly regarded scholars in the accounting discipline and recognized leaders in the field. Our faculty have articles appearing in many of the most prestigious journals such as the Accounting Review, Journal of Accounting Research, Accounting Horizons, Accounting Organizations and Society, and Auditing: A Journal of Practice and Theory. Several faculty members are also authors of popular textbooks. I urge you to visit the link 'Meet the Graduate Faculty' which contains brief bios, and the Von Allmen School of Accountancy Faculty Profiles and Faculty Publications links for a more detailed presentation of our faculty's many academic and professional achievements. Many of our graduate accounting faculty are also CPAs and they all bring significant practical work experience into the classroom to enhance your learning.
Our new innovative MSACC program affords you the opportunity to prepare for the CPA exam while you are earning your masters degree. The graduate accounting coursework is coordinated so that students may enroll in the Becker CPA review course and sit for the exam while they earn the MSACC degree. Your graduate course work will take you to a much higher learning level than the CPA exam in that your technical, communication and analytical skills will be enhanced with more advanced material throughout each course. Candidates are required to have a minimum of twenty four credits in accounting prior to starting the graduate level MSACC coursework. The program delivery is structured to provide the necessary skills set to achieve success in the accounting profession. Please go to 'Admission Requirements' to see required accounting prerequisites, and 'Degree Requirements' to examine the schedule of course sequencing, and preparing and sitting for the CPA exam.
Our 2009 and 2010 MSACC August graduating classes have received national recognition for pass rates among advanced degree programs on the CPA exam. UK placed fourth nationally for 2010, and sixth nationally for 2009 even though NASBA statistics for both years do not reflect all UK MSACC candidates sitting for and passing all four parts of the CPA exam. Twenty two out of 28 students from our August 2009 graduating class passed all four parts during the first sitting of the CPA exam and 4 students passed 3 parts. We also had 4 students scoring in the upper 90 percentile range and they received awards from the Kentucky Society of CPAs. Twenty one out of 27 students passeed all four parts during their first sitting from our August 2010 graduating class and 3 students passed 3 parts. Our results are also outstanding for our graduating class of August 2011. Twenty four out of 28 students who sat for all four sections passed all four parts, 2 students passed 3 parts, and 2 students passed 2 parts. Although NASBA has discontinued ranking advanced degree programs, I am confident UK would place in the top ten once again given our pass rates. Our average GMAT score for this year's class is 635, and our average GPA overall and in accounting are 3.67 and 3.72, respectively.
Having experienced what you are about to embark upon, I cannot emphasize enough the importance of earning your MSACC degree while you prepare for the CPA exam. After graduation, many accountants often encounter work and family obligations which make completion of a graduate degree and preparing for the CPA exam unattainable. Attending our program full-time will permit you to focus all your efforts toward degree completion and passing the CPA exam. Earning your MSACC degree and passing the CPA exam will also enhance your marketability to potential employers and you will be able to focus full energy toward your professional development and career advancement.
You are facing a momentous decision that entails a commitment of additional time and financial resources on your part. I urge you to keep in mind that accountants holding a masters degree and CPA earn significantly more than accountants who hold only a bachelors degree. Career advancement and the enhancement of self confidence are also significant benefits to completing our MSACC program. Finally, I am confident that you will find our innovative masters program and service to students at the Commonwealth of Kentucky's flagship University second to none. Please feel free to contact me with any questions and I wish you the best in your future endeavors.
John E. Smigla, MS, CPA
Director, MSACC Program
Von Allmen School of Accountancy
Gatton College of Business and Economics
Room 350A Gatton Building
Lexington, Kentucky 40506