Choose Courses that Fit Your Career Goals
Many CFOs in major corporations have accounting backgrounds-and many started as CPAs. Regardless of where you're starting, the Kelley Indianapolis MS in Accounting will help you advance your career.
The MSA gives you the flexibility to choose courses that hone your accounting and auditing skills, prepare you for the CPA exam, broaden your knowledge of other functional business areas, or fulfill your CPE requirements.
Browse course offerings for each semester in the Schedule of Classes.
Kelley Indianapolis graduate accounting students who already have backgrounds in accounting or business don't have to backtrack. If you've already completed a required course as part of another degree, you can fill those slots with electives from accounting, business, law, or other approved IUPUI graduate courses.
Below are the required courses for the Kelley MS in Accounting.
|A511||Financial Accounting Theory and Practice II||3 cr.|
|Prerequisite: A311/A510 (Intermediate Accounting I) or equivalent
Application of intermediate accounting theory to problems involving long-term liabilities, corporations, earnings per share, tax allocation, pensions, leases, and cash flows.
|A514||Auditing Theory and Practice||3 cr.|
|Prerequisites: A511 and A523
This course addresses the concepts and procedures of external and internal audits for businesses, including issuance of the audit report, reviews of internal control, statistical sampling, EDP systems, the company's business cycles, forensic accounting, auditing for fraud, and other assurance services. Many topics covered are included on the CPA exam.
|A515||Introduction to Taxation||3 cr.|
This course focuses on the income taxation and tax planning for individuals, introducing students to U.S. federal income tax law. The basic treatment of other entities also is considered, including the taxation of corporations, partnerships, limited liability companies, trusts, and estates. In addition, a portion of the course is devoted to tax research, enabling students to appreciate the sources of tax law such as the Internal Revenue Code, regulations, administrative pronouncements, and case law.
|A551||Tax Research||1.5 cr|
|Prerequisite: A515 or concurrent
This course covers how to access the primary and secondary sources of tax law, including the Internal Revenue Code, regulations, and other administrative pronouncements and judicial decisions, with an emphasis on how to read and interpret those source materials.
|A523||Business Information Systems||3 cr.|
|An overview of accounting systems and their existence within businesses. The course includes discussions of system controls, transaction processing, business cycles and issues related to development and installation of automated accounting systems.|
|A539||Advanced Taxation I: Entity Issues||3 cr.|
|Prerequisite: A515 or equivalent
Introduction to the taxation of regular corporations, partnerships, limited liability companies, and S corporations.
|A500||Business Ethics for Accountants||1.5 cr.|
|Focus on the role that ethics plays in the accounting profession. The ultimate goal of this course is for students to develop a passion for acting ethically in their profession and possess the tools to live out this passion.|
|L503||Advanced Business Law||3 cr.|
|Prerequisite: L203 or equivalent
This course examines concepts of law as applied to the accounting profession, including contracts, agency, forms of organization, property, wills and trusts, securities regulation, consumer protection, antitrust, secured transactions, negotiable instruments, commercial paper, payment systems, bankruptcy, and related subject areas.
At Kelley Indianapolis, you craft a customized program of study that fits your career goals- whether you're preparing for the CPA exam or taking the next big step in your career.
With more than 15 credit hours of electives from which to choose, you may enhance your accounting skills with courses in business, law, computer science, information science, philanthropy, engineering, and more. And you can earn up to 3 hours of graduate credit for work experience you obtain while in the MSA program.
Below is just a sample of the many electives from which you may choose to define your studies and carve your unique career path. For more information on the electives, contact Susan Cauble at email@example.com.
*Some Law School, Finance, Operations, and Management classes may be available that are not listed. Please contact your academic advisor for more information.
|A517||Financial Statement Analysis||3 cr.|
|Financial statement analysis is a problem solving, case course designed to teach and understand the techniques used to evaluate the financial dynamics of businesses.|
|A520||Corporate Financial Reporting||3 cr.|
|In this course, you will conduct applied accounting research on corporate reporting issues that are designed to expand your knowledge of Generally Accepted Accounting Principles, as well as improve your analytical abilities and reasoning process.|
|A566||Advanced Auditing||3 cr.|
|This course examines advanced issues in auditing, including in depth review of forensic accounting and fraud examination, litigation support and expert witness services, the use of statistical sampling in auditing, internal auditing, assurance services, and extending the attestation function.|
|R502||Real Estate Finance, Investment, and Analysis||3 cr.|
|This course focuses on the application of financial concepts and techniques to the analysis of real estate financing and investment alternatives.|
|F560/F402||Corporate Financial Strategy/Governance||3 cr.|
|This course introduces students to the financial tools used in firm valuation, emphasizing the need for managers to focus on the value their business strategies are creating.|
|A516||Federal Estate and Gift Taxation||3 cr.|
|This course covers tax treatment of wealth transfers at death (the estate tax) and during lifetime (the gift tax), with emphasis on estate planning.|
|A528||State and Local Taxation||3 cr.|
|The course examines the basic principles of state and local taxation, including income taxes, sales taxes, use taxes, inheritance taxes, estate taxes, personal property taxes, real property taxes, and excise taxes.|
|A539||Advanced Taxation I: Entity Issues||3 cr.|
|The course introduces students to the taxation of regular corporations, partnerships, limited liability companies, and S corporations.|
|A552||Federal Taxation of Corporations and Shareholders||3 cr.|
|This course covers federal tax aspects of various corporate transactions and the impact of these transactions on corporate shareholders.|
|A554||Income Taxation of Trusts and Estates||1.5 cr|
|Students will analyze the income taxation of trusts and estates and their creators, beneficiaries, and fiduciaries.|
|A555||Taxation of S Corporations||3 cr.|
|This course examines tax treatment, tax problems, and tax planning techniques involving S corporations.|
|A556||Timing Issues in Taxation: Accounting Periods and Methods||3 cr.|
|This course examines, among other topics, adoption of and changes in accounting periods, cash and accrual methods of accounting, tax consequences of changing from one method of accounting to another, and installment methods of accounting.|
|A558||Taxation of Tax Exempt Organizations||1.5 cr.|
|This course provides a brief overview of the basic concepts of the laws and regulations governing NFP organizations. Specific topics include: the formation and dissolution of a NFP entity; the operation and governance of the NFP entity; tax exemption issues; unrelated business income tax; and charitable contributions.|
Learning in a Professional Environment
Earn graduate credit for work experience.
Unique to the Kelley School of Business, Learning in a Professional Environment (LIPE) is a course that allows you to earn up to 3 hours of graduate credit for work experience you obtain while earning your MS in Accounting.
Especially for international students and those students who come to the MSA program with no previous work experience in accounting or taxation, LIPE allows you to put your accounting skills into practice as you develop your professional skills.
Kelley Indianapolis Career Services will help you find an internship or job in accounting or taxation. To enrich that on-the-job training, the course also includes workshops, seminars, networking opportunities, and expert speakers who will further help you evaluate your work experience and develop critical time management, leadership, and communication skills.
International students: LIPE is a required course for international students who secure an internship.