TCU Master of Accounting Celebrates 20-year Anniversary

This year marks the 20th anniversary of the Master of Accounting program created under the leadership of Emeritus Professor Bob Vigeland for the TCU Neeley School of Business.

The TCU MAc is a 30-hour, full-time program designed to build upon the undergraduate accounting program. The MAc gives students the ability to think about and appreciate the accounting world from various perspectives and prepares them for the Certified Public Accountant exam. In each of the three areas of concentration—audit, tax, and financial reporting and valuation—the program includes business analytics, international financial reporting, public policy and moral reasoning, as well as analysis and persuasion courses concentrated in an accounting context.

“The curriculum contributes to multiple graduate competencies, including professional integrity and communication with a global perspective,” said Mary Stanford, department chair, Duncan Faculty Fellow and professor of accounting. “Changes to the accounting profession, including the globalization of markets and efforts to converge U.S. and International Financial Accounting Standards, as well as digital reporting and data analytics, require our ability to implement dynamic curricula. Dr. Vigeland spearheaded our efforts to keep pace with these changes.”

In addition to outstanding academics, the program boasts class sizes that average between 25-35 students. This environment allows students to get to know their professors and build strong relationships with their peers, which can translate to lifelong friendships and networking opportunities.

Highlights of the MAc program are as follows:

  • Has grown from 10 students to 70 students
  • Has achieved 100 percent job placement for graduates since 2015, including positions with the Financial Accounting Standards Board and the Governmental Accounting Standards Board
  • Holds top-five CPA exam pass rate in Texas as TCU MAc students outperform the national average in each section: Audit and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation
  • Ranks at No. 16 in the nation by the Public Accounting Report
  • Features full-time chaired professor
  • Demonstrates faculty impact leadership through service to the American Accounting Association, Public Company Accounting Oversight Board and Fort Worth Chapter of the Texas Society of CPAs.

According to Vigeland, “the MAc program was created in response to the national trend requiring 150 hours of education to qualify for licensure as a CPA. When Texas adopted the 150-hour requirement, we created a graduate program to continue to prepare our students for professional accounting careers. The 150-hour requirement intended to broaden the educational experience of prospective CPAs, and that is very much the approach taken by TCU. While some programs focus narrowly on preparing students to pass the Uniform CPA Examination, we have always believed there’s life after the CPA exam and try to prepare our students for successful careers. The strong demand for MAc graduates and their remarkable success stories attest to the excellence of the program and help explain its exceptional growth.”