The Transitions Program is designed to prepare non-accounting majors for entry into the MS Accounting program at the Isenberg School of Management.
Are you contemplating a change of career? Perhaps you have an undergraduate degree in math or social sciences, but you aren’t sure how to enter the rapidly growing field of accounting and auditing. The Isenberg Transitions program provides non-accounting majors the path for entry into the MS Accounting program. By combining the material from five core undergraduate accounting courses into an accelerated four course graduate sequence, the Isenberg Transitions program equips non-accounting majors with the requisites needed to gain entry into the MS Accounting program.
Curriculum - All Classes in the Transitions Program will be Online
Fall 2017 Semester:
Financial Accounting and Reporting: SCH-MGMT 697FN (4 credits) This is an immersion course designed to take the student from the very basics of the financial accounting model through more advanced financial reporting topics. The student will gain an appreciation for the role of financial accounting and reporting in the economy and the capital markets and have a good grasp on many of the technical aspects of both financial accounting and financial reporting. Topics include: the role of accounting and governance of the accounting profession; the accounting cycle; revenue recognition; asset and liability recognition and measurement; measurement and reporting of income and cash flows; accounting for investments and consolidated subsidiaries; comprehensive income; and, associated disclosure requirements. The course serves to prepare students with little accounting training to study accounting at the graduate level.
Corporate Governance, Risk Attestation, and Attestation Services: SCH-MGMT 697RA (3 credits) This course helps you develop a basic understanding of auditing theory and practice by introducing you to the objectives of auditing and the decision-making process used by auditors to accomplish those objectives. The basic financial statement audit process is discussed including the concepts of evidence, materiality, and risk.
Any student that wishes to complete all of the prerequisites this fall can do so by taking the two Transitions classes listed above, and supplementing them with two courses in our BBA online accounting degree program. The two additional courses that you would need are:
Cost Accounting, Accountg 331: Focus on the use of cost accounting information to help planning and control activities in a business enterprise. Topics include methods for determining the costs of products and services (includes job order, process, standard and activity based cost systems), for assessing product and project profitability, and for budgeting and monitoring costs and profits. Emphasis on usefulness and limitations of cost accounting information.
Corporate Taxation, Accountg 491T: Concentration on the federal income taxation of corporations, partnerships, estates and trusts, gifts and estate taxes.
Applicants who have an undergraduate degree who were not accounting majors will be considered for admission. Due to the accelerated nature of this program, we are looking for candidates who excelled in their prior coursework and graduated with high cumulative GPAs. All applicants must complete an introductory financial accounting course before we will consider their application for enrollment. At Isenberg School of Management, that class is Accounting 221, Principles of Financial Accounting and it is offered online in summer, fall, and spring. You may take the class anywhere – it does not have to be taken at UMass Amherst. For individuals who have an MBA, or who graduated with an undergraduate business degree, it is likely that you have taken a similar course.
Applications are due by August 1st. Apply now for fall admission to the Transitions Program to complete the four required courses by spring 2018. This schedule would prepare you for entrance into the MSA program for summer or fall 2018. Program completion can be individually tailored based on student’s needs and availability. Click here to schedule an appointment to discuss your options.
Students interested in continuing on to earn a Master of Science in Accounting degree will be able to do so pending satisfactory academic performance (3.0+) in their courses. A separate application will need to be completed to apply for the MSA program. This should be done immediately after being notified of acceptance into the Transitions Program. Learn more about applying to the MSA program here.
The 2017-2018 tuition and fees are as follows:
$750 per credit hour ($2250 per 3 credit course, and $3000 for 4 credit course)
$47.00 Registration Fee
The cost is the same for residents, non-residents, and international students.
Note for students with non-business degrees:
The courses in the Accounting Transitions Program satisfy the accounting prerequisites necessary for entry into the MS Accounting program. Additional business courses may be required in order to meet the education requirements for the CPA license depending on the state you choose to practice in. Please check Thiswaytocpa.com for a list of requirements by state.