30-hour MACT for career advancement and CPA
Graduates of the Master of Accounting (MACT) program at St. Edward's University are prepared for career advancement in the accounting profession in positions that are universally in demand.
MACT courses develop technical expertise in areas such as accounting research, advanced federal taxation, advanced accounting and fraud examination. Other required courses are in business law for accountants and accounting ethics, which help students learn about codes of professional conduct and their role as guardians of the public trust.
The degree is structured to allow students to enter with a bachelor’s degree in hand, or for St. Edward's undergraduates to declare a course of study under a five-year integrated degree plan that combines both the BBA and MACT degrees. Students without a bachelor’s degree in accounting can complete undergraduate prerequisites at St. Edward's in the same evening format used for graduate courses. Students must consult with the Accounting Department Chair and The Bill Munday School of Business Graduate Advisor to carefully plan for their MACT degree.
An accounting internship can be incorporated for academic credit into the MACT degree. Internships provide valuable experience, and the opportunity to connect with accounting professionals and potential future employers. MACT graduates qualify and are well-prepared to sit for the CPA exam in Texas because the degree is structured to meet the Texas State Board of Public Accountancy requirements.
For detailed descriptions and timing of courses, please see the Graduate Bulletin (course catalog).
I. PREREQUISITE COURSES (21 CREDIT HOURS):
Students without a recent undergraduate degree in Accounting will be required to complete the following prerequisites. The Texas State Board of Public Accountancy also requires 24 hours of business courses other than in Accounting in order to sit for the CPA exam. See their website (tsbpa.state.tx.us) for additional information.
- Intermediate Accounting I
- Intermediate Accounting II
- Cost Accounting
- Accounting Information Systems
- Taxation – Individuals and Managers
II. CORE COURSES (18 CREDIT HOURS):
- Business Law, Contracts and Equity for Accountants
- Advanced Federal Taxation
- Accounting Theory and Practice
- Advanced Accounting Problems
- Accounting Ethics
- Internal Auditing
III. ADVANCED COURSES (6 CREDIT HOURS):
Select two of the following:
- Cost Management
- Accounting Systems
- Fraud and Forensic Accounting
- Accounting Internship
- Special Topics
IV. BUSINESS ELECTIVE (6 CREDIT HOURS):
- MBA elective from current evening MBA offerings, requiring MACT director approval
Note: Students in this program may be required to complete additional undergraduate-level accounting work in order to satisfy prerequisite requirements.
Students who earn a MACT degree will be able to:
- Demonstrate professional competency in their knowledge of technical accounting topics
- Identify and evaluate issues that require professional judgment
- Analyze accounting, financial and strategic business issues
- Conduct professional research from authoritative sources
- Assess and communicate financial issues, information, and solutions
- Evaluate and promote ethical decisions, particularly with regard to protecting the public trust
CPA Pass Rate – National Standing
St. Edward's accounting graduates have earned a position in the top 15% nationwide among individuals who sat for the CPA exam for the first time in 2014 (from 265 schools in the medium program size category), according to the National Association of State Boards of Accountancy.
CPA Pass Rate – Texas
Accounting graduates consistently are successful in passing the CPA exam in Texas. During the 2014 fourth-quarter testing window, St. Edward's graduates had a 71% pass rate, ranking as the #1 university in Texas among those with 10 or more students taking the exam.
CFE Pass Rate
For each year since the inception of the MACT degree (with Fraud Examination as an elective), there has been one or more students who obtained the internationally-recognized credential as a Certified Fraud Examiner (CFE).
Career paths for graduates are varied and may include:
- Auditor or tax specialist
- Management accountant
- Fraud examiner
- Contracting specialist
- Budget analyst
Our graduates are currently employed with many organizations, including:
- Public accounting firms - Deloitte, PwC, Ernst & Young, BDO, Grant Thornton, McGladrey, and Padgett Stratemann & Co.
- Government agencies - City of Austin, Texas State Comptroller’s Office, State of Texas Teacher Retirement System, and the Texas State Auditor’s Office
“Every single class that I took in this program has been applicable to what I am doing at work.”
— Jacqueline Hopper ’14 MACT, tax associate at BDO USA, LLP
Outside the Classroom
Students can take advantage of internship opportunities made available through the Accounting program's close working relationships with local, regional, and national CPA firms, as well as business and government organizations in Austin and beyond. Students can take internships for academic credit as part of the required hours for the major. St. Edward’s University internship courses are structured to meet Texas State Board of Public Accountancy (TSBPA) requirements for the CPA.
During October 2014, the Accounting department held the 1st Annual MACT Retreat at the 227-acre St. Edward’s University Wild Basin Creative Research Center. The purpose of the retreat was to provide a venue away from academic courses to discuss career opportunities, CPA exam preparation, professional certifications, to meet accounting professionals, and to network with other MACT students in an informal setting.
Rami Pechacek '14, MACT was selected for the highly-regarded federal program as a Presidential Management Fellow (PMF). The PMF Program is a selective leadership program designed to recruit outstanding advanced degree graduates. Rami is one of only 600 chosen by the U.S. Office of Personnel Management from a pool of 7,800 applicants representing more than 300 colleges and universities.
“The MACT Program offered me the full dedication and support of an outstanding team of faculty and staff. I believe no program out there provides students a better launchpad to future success.”
— Rami Pechacek ’14, MACT
Meet the Faculty
The Accounting faculty have experience in the accounting profession as auditors, tax practitioners, business consultants, and administrators of governmental agencies. They also have extensive experience as college professors and researchers. In addition to holding licenses such as Certified Public Accountant, they also have other professional credentials such as Certified Fraud Examiner and Certified Global Financial Manager. These additional certifications indicate specialization in the areas in which faculty members teach. The combination of faculty members’ business and academic experience plus professional certification assures accounting majors are well-prepared to be successful after graduation.
Louise Single, PhD, CPA, MACT Director, Professor of Accounting
Dr. Single serves as the director of the MACT program and also as chair of the Accounting department. She has her PhD in Accounting and a Master of Taxation. Her experience includes teaching at various prestigious universities, including the University of Texas at Austin, Boston College, University of South New Wales and University of Florida. Her work has been published in: Issues in Accounting Education, Auditing, The Journal of Business Ethics, and The Journal of The American Taxation Association. Single is also active in the professional community, as a member of the American Taxation Association and AICPA Women's Initiatives Executive Committee. She has also been honored with numerous awards for published papers.