Your journey to a Master of Accounting degree starts with a few basic courses designed to introduce you to accounting and the business world. In the on-campus format, these courses are taken from May to July; in the online format, the curriculum is worked into the first two quarters.
In specific cases, you may waive these introductory requirements if you successfully completed similar courses in your undergraduate studies at an AACSB-accredited institution. To apply for a waiver, you’ll need to present a syllabus, transcript, and a course waiver form. Please note that course waivers are granted at the discretion of the MAC program.
Undergraduate Business students at UNC Chapel Hill who intend to pursue the on-campus format should plan to take the business-program equivalents (PDF) of the introductory prerequisite courses as part of their BSBA curriculum. If all introductory equivalents are completed successfully, business students will join the MAC program in August instead of May.
If you have questions about the introductory requirements or the waiver process, contact the MAC program team at firstname.lastname@example.org or 919-962-3209.
Introductory course descriptions
Note: The course names listed below represent the curriculum breakdown for the on-campus format. Online students take the same curriculum, but do so with a modified structure and organization. Review the academic calendars for each format for added clarification on the courses available.
Introduction to Financial Accounting teaches in depth the basics of financial accounting. Students focus on learning the critical “mechanics” of financial accounting — the methods that accountants use to translate events and transactions into balance sheets, income statements and statements of cash flow for use by the entity’s external stakeholders. NOTE: This course cannot be waived.
Introduction to Managerial Accounting introduces management accounting techniques and practices. The focus is on the managerial uses of accounting information, particularly cost information. Topics include cost accounting systems, budgeting, responsibility accounting and decision-making.
The Legal System and Tort Liability for Business is an introduction to the legal system for aspiring accountants and business professionals. The course will cover the structure and function of our legal system with an overview of civil courts and jurisdiction. Students will study liability issues facing businesses and individuals, including negligence and intentional torts. The course will also introduce the legal concepts of products liability, warranty, damages, and the liability of employers for the torts of their employees (respondeat superior), all topics which will be studied in greater depth in more advanced law courses offered later in the MAC Program. Students will also gain an understanding of what an attorney's role should be and how an accountant or other business professional may best work with an attorney to obtain the best value for his or her client.
Financial Management provides a theoretical and practical foundation in the basic concepts of finance, including the time value of money, valuation, portfolio theory, asset pricing and the risk-return tradeoff, as well as the development of skills in financial analysis.
Financial Reporting A examines the theoretical foundations of financial reporting, the environmental factors that affect accounting standard setting and decision-making and the mechanics of accounting for events and transactions that have an economic effect on the firm. Course participants will gain an understanding of the preparation of financial statements, as well as the skills necessary to interpret financial accounting information. NOTE: This course cannot be waived.
Introduction to Business Tax covers the major tax issues inherent in business taxation, including measurement of income, cost recovery deductions, property dispositions, nontaxable exchanges and forms of organization. NOTE: This course cannot be waived.
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