Robert J. Trulaske Sr., College of Business, University of Missouri

Graduate Curriculum

A student's graduate coursework includes the last 30 hours of the 150-Hour Program. Each student must take at least 15 hours of coursework at the 8000-level as a graduate student; of these 15 hours, a minimum of 12 hours must be 8000-level accountancy courses.  A graduate student must maintain a graduate GPA of at least a 3.0 to avoid being placed on probation. If a student is placed on probation, the student has one semester to raise his/her GPA above a 3.0 in order to continue in the graduate level of the 150-Hour Program. To graduate, a student must have a graduate GPA of at least a 3.0. At the graduate level, nine hours is considered full-time.

Specialization Opportunities

Graduate students may use their accountancy electives and business electives to complete an emphasis in taxation or assurance.

Upon completing the requirements listed below, a student will receive a Graduate Certificate issued from the Graduate School in Taxation or Assurance.

The tax certificate requires that a student complete 15 hours of courses in taxation (of which a minimum of 12 hours must be in graduate courses), including an undergraduate tax course.

The required accountancy courses include:

  • Accountancy 4353 Introduction to Taxation (undergraduate level)
  • Accountancy 8423 Tax Research and Planning
  • Accountancy 8373 Taxation of Corporations and Shareholders

The remaining hours can be made up of the following electives:

  • Accountancy 8363 Multi-Jurisdictional Tax
  • Accountancy 8433 Mergers and Acquisitions Taxation
  • Accountancy 8453 Taxes and Business Strategies
  • Accountancy 8463 Partnership Taxation

An assurance certificate requires that a student complete 15 hours of courses in assurance (of which a minimum of 12 hours must be in graduate courses).

The required accountancy courses include:

  • Accountancy 4384/7384 Auditing Theory and Practice I

The remaining hours can be made up of the following electives:

  • Accountancy 8373 Taxation of Corporations and Shareholders
  • Accountancy 8404 Internal Auditing
  • Accountancy 8414 Audit of Internal Controls
  • Accountancy 8424 Fraud Examination or Accountancy 8438 Forensic Accounting
  • Accountancy 8428 Data Visualization and Data Mining
  • Accountancy 8436 Advanced Accounting
  • Accountancy 8444 Advanced Audit
  • Accountancy 8448 Emerging Issues in Accounting Information Systems
  • Accountancy 8456 Corporate Governance

A student is not required to pursue a certificate. A student may choose to take courses in any area. If a student is interested in taking MBA finance courses, the prerequisite for these courses is Finance 4010 or 7420. If a student is interested in taking MBA marketing courses, the prerequisite for these courses is Marketing 4000 or 7470.

Courses to Consider Taking at the Graduate Level

Here is a list of accountancy courses, along with their descriptions, for students to consider taking at the graduate level. Keep in mind that this list may change each semester, depending upon enrollments and faculty availability.

Required Courses:

7384 Auditing Theory and Practice I (3) (cross-leveled with Acctcy 4384). Introduction to the auditing profession, assurance function, and generally accepted standards for conducting audits. Prerequisites: 3328 and 3346.

8450 Accounting and Strategic Business Analysis (3). Capstone course in the Master of Accountancy program. Emphasis on case analysis to develop critical thinking and analytical skills in the use of accounting reports for broad-based business analysis. Prerequisites: 3346 or equivalent.

*Mgmt 7010 Operations Management (3). (cross-leveled with MANGMT 4010). Managerial analysis of operating problems, with emphasis on planning and control systems. Math Reasoning Proficiency Course. May require consent.  Prerequisites or Corequisites: MANGMT 3000.

*May be substituted for specific course list discuss with your academic advisor.

Accountancy Electives

7365 Governmental Accounting and Budgeting (3). Introduction to government and not-for-profit accounting. Concepts and principles of fund accounting, budgeting, auditing, and financial reporting in government and not-for-profit entities. Prerequisite: 3326.

7940 Professional Accounting Internship (3-6). Provides full-time professional accounting work experience of at least eight weeks duration Graded on S/U basis only. Prerequisites:  Completion of undergraduate portion of 150 hour program (or equivalent) and consent of Internship Coordinator.

8363 Multi-Jurisdictional Tax (3). This course takes a practical approach to exploring multistate and international tax concepts by focusing on tax issues that can arise as a company expands from a single business location into a multinational corporation. Part 1 of this course focuses on the economic, political, and constitutional constraints imposed on state and local taxation, including the due process clause, the commerce clause and state uniformity and equality clauses. Part 2 of the course includes a survey of state and local tax laws, with a particular emphasis on the imposition of sales and use taxes and the allocation and apportionment of state income taxes. Part 3 of the course surveys principals of international taxation, including U.S. taxation of the foreign investments or activities of U.S. taxpayers (outbound) and U.S. taxation of the U.S. taxation of the U.S. activity or investments of foreign taxpayers (inbound).  Prerequisites: 4353. 

8373 Taxation of Corporations and Shareholders (3).  Life cycle of a corporation including formations, operations, distributions, and liquidations of corporations. Prerequisite: 4353 or 7353.

8393 Taxation of Trusts, Gifts, and Estates (3). This course covers two main topics.  Students are introduced to the construction, operation and income taxation of trusts.  After this portion of the course students will learn about the gift tax consequences of completed exchanges.  Finally, students will learn the basic rules regarding the estate tax. Prerequisites:  4353 or 7353.

8404 Internal Audit (3). This course covers the concepts, practices, and application of internal audit activities.  The course will review the entire internal audit process including annual audit and engagement planning, fieldwork, reporting, and management communication.  Other topics including internal controls, enterprise risk management, and key behavior skills will be discussed.  The Professional Practices Framework and industry best practices will be incorporated throughout the semester.  This course will prepare students for entry-level internal audit positions.  Prerequisites: 4384 or 7384.

8414 Audit of Internal Controls (3). A combination of control theory, concept application, demonstration of actual practice, and student research to develop an understanding of the concepts and practices used in the design, development or assurance of information systems (IS) controls. Prerequisites: 3328, and 4384 or 7384.

8419 International Accounting (3). Introduction to accounting regulations and practices outside of the U.S., accounting regulations for foreign registrants on the NYSE and NASDAQ, international accounting standards and international management control issues. Review of cultural frameworks; transfer pricing methods, and international accounting standards. Prerequisites: 3346 and 3347

8423 Tax Research and Planning (3). Applied tax research using print and electronic data bases; heuristic biases in tax judgments; responsibilities of professional tax practices. Prerequisites or Corequisites: 8373.

8424 Fraud Examination (3).  A study of the methods and techniques of fraud examination, particularly with regard to frauds perpetrated by the company against the public.  The ethical and professional standards that underlie the accountant's responsibility for fraud detection and prevention are emphasized.  Prerequisite: 4384 or 7384 (or concurrent enrollment), Graduate standing.

8428 Data Visualization and Data Mining (3). Enterprise-wide view of data and transaction processing. Concepts and techniques of data visualization and data mining of business-critical data.

8433 Mergers & Acquisitions Taxation (3). This course covers the basic taxation of mergers and acquisitions, both taxable and tax-free acquisitions; issues in merger and acquisition deal making, such as due diligence and understanding contract tax provisions; and an overview of securities regulations with respect to publicly traded companies. Prerequisites: 4353 Prerequisites or Corequisites: 8373

8436 Advanced Accounting (3). Continuation of 3346.  Addresses a series of special financial accounting topics including income taxes, pensions, leases, business combinations, consolidated statements, and foreign currency translation. Prerequisite: 3346. 

8438 Forensic Accounting (3).  Coverage of forensic accounting processes and tools used in the detection and prevention of fraud against the company.  Topics include skimming, cash larceny, check tampering, billing schemes, and others.  An emphasis of the course will be upon the use of computer aids.  Prerequisite: 3328, 4384 or 7384.

8444 Advanced Audit (3). The Advanced Auditing course helps students develop a better understanding of the audit environment and gives them the opportunity to gain hands-on experience planning for an audit engagement, performing test work, and completing an audit engagement.  The course also addresses additional topics not covered in detail in the Audit Theory and Practice I course, including inventory observation, legal liability issues faced by auditors today, the regulatory environment, professional responsibilities of auditors, preparing appropriate documentation for audit engagements, providing required communications to clients, and performing Single Audits. The course is designed to encourage open discussions of cases and current issues and provide learning opportunities for the students. The class meetings and assignments are designed to improve the student' critical thinking skills, communication skills, and team-building skills. Prerequisites: 4384 or 7384.

8448 Emerging Issues in Accounting Information Systems (3). Current developments in the implementation and use of accounting information systems. Topics may vary. 

8453 Tax and Business Strategies (3). This class examines the role taxes in business decisions. The analysis involved considers 1) tax consequences of all parties to a transaction, 2) both explicit and implicit taxes, and 3) tax as well as non-tax costs.

8456 Corporate Governance (3). Corporate governance has taken on new prominence in light of the accounting scandals of the early 2000's (e.g., Enron) and the new regulatory regime of Sarbanes-Oxley. As a result, corporations, investors, auditors, and others are paying more attention to corporate governance. This course will familiarize students with corporate governance mechanisms and how they interact with financial reporting. This course should appeal to students pursuing careers in auditing, finance, management, as well as anyone seeking a deeper understanding of relations between financial reporting and corporate governance.  Prerequisites: 8436.

8463 Partnership Taxation (3). Formations, operations, distributions, and liquidations of partnerships. Prerequisites: 4353 or 7353.

MBA Courses

MBA courses may be used to fulfill business electives at the graduate level. Please see the Director of the 150-Hour Program during pre-registration to get a list of courses that are available for accountancy students.