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  • Master of Science in Accounting and Finance

Graduate Studies

  • Master of Science in Accounting and Finance

    Program Coordinator: Sheri Erickson, Ph.D
    Center for Business 204B, 218.477.4073

    Program Description

    The Master of Science in Accounting and Finance program is designed to provide a unique blend of two disciplines and practice. Students completing the program will be well-prepared to pursue careers in investment management or accounting and to obtain professional designations like Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA).


    The Paseka School of Business is accredited by AACSB International. Fewer than 5% of the world’s business schools have achieved this distinction, which involves a process of rigorous internal review and evaluation. AACSB accreditation signifies that the Paseka School of Business has a high quality teaching environment, a commitment to continuous improvement, and curricula responsive to the needs of business.

    Benefits of the Accounting and Finance Program

    Professional certifications are becoming increasingly important in today's competitive business environment. This program helps prepare students to obtain one or more of these professional certifications. One goal of the program is to improve the marketing of both accounting and finance graduates. 

    Degree Requirements

    1. 31 credits for degree completion; 15 core credits, 15 elective credits, 1 portfolio credit
    2. A student must maintain a minimum GPA of 3.0 in the program. If a student’s GPA falls below 3.0 then the student will be placed on probation and allowed to take only 6 credits the following semester. If after taking 6 credits during probation, the student’s GPA is still below 3.0 then the student will be expelled and not allowed to reapply.
    3. Students who wish to transfer credits from other institutions or have taken courses before admission to the graduate program should refer to the “Residence and Transfer of Credit” section in the Graduate Bulletin for further information.
    4. Completion of oral examination which serves as a review of the student’s portfolio.

    Course Requirements

    Core Requirements (16 Required Credits)
    BUS 602 Quantitative Methods (3)
    BUS 640 Financial Statement Analysis (3)
    BUS 642 Corporate Finance (3)
    BUS 644 Advanced Financial Statement Analysis (3)
    BUS 648 Investments (3)
    BUS 696 Project/Action Research (Plan B) (1)

    Restricted Electives
    Students select 5 courses from the following list:
    ACCT 507 Commercial Transaction, Property, and Special Topics (3)
    ACCT 532 Advanced Accounting II (3)
    ACCT 541 Tax Accounting I (3)
    ACCT 543 Tax Accounting II (3)
    ACCT 561 Audit II (3)

    FINC 545 International Financial Management (3)
    FINC 546 Financial Decision Making (3)
    FINC 560 Portfolio Analysis and Management (3)
    FINC 563 Futures and Options (3)

    Note: Students enrolling in 400 level cross-listed courses to meet undergraduate degree requirements will not be allowed to use them for graduate credit.

    Suggested Order for Your MS in Accounting and Finance


    Fall Semester

    Spring Semester

    BUS 640, Financial Statement Analysis, 3 cr.
    BUS 642, Corporate Finance, 3 cr.
    BUS 602, Quantitative Methods, 3 cr.
    Elective I, 3 cr.
    Elective II, 3 credits

    BUS 696, Project/Action Research (Plan B) (1)

    BUS 648, Investments, 3 cr.
    BUS 644, Accounting for Managerial Decision Making, 3 cr.
    Elective III, 3 cr.
    Elective IV, 3 cr.
    Elective V, 3 cr.
    BUS 696, Project/Action Research (Plan B) (1)*


    *BUS 696 can be taken either Fall or Spring


    Admission Requirements