2010-2011 Undergraduate & Graduate Catalog

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Master of Science in Taxation

• Requirements for the M.S.T.

Requirements for the M.S.T.

The M.S.T. program consists of 33 semester hours of 600-level coursework.

Core Courses

The following five core courses are required of all M.S.T. students. Each course is three credits:

• ACC 622 - Tax Research and Writing (3 credits)
• ACC 624 - Corporate Tax I (3 credits)
• ACC 627 - Estate, Gift, and Trust I (3 credits)
• ACC 629 - Partnership Taxation (3 credits)
• ACC 636 - Taxation Problems, Planning, and Current Issues (3 credits)

Elective Courses

In addition, all M.S.T. students must complete at least two of the following tax elective courses. Each course is three credits:

• ACC 625 - Corporate Tax II (3 credits)
• ACC 623 - Sales, Exchanges, and Other Property Dispositions (3 credits)
• ACC 628 - Fiduciary Income Tax (3 credits)
• ACC 630 - Multistate Taxation (3 credits)
• ACC 631 - Employee Benefit Plans and Deferred Compensation (3 credits)
• ACC 632 - Tax Accounting (3 credits)
• ACC 633 - International Tax Practice (3 credits)
• ACC 635 - Advanced Tax Subjects (3 credits)
• ACC 639 - Federal Tax Practice and Procedure (3 credits)
• ACC 640 - S Corp & Limited Liability Co Taxation Credits: 3
• ACC 641 - Advanced Estate and Gift Taxation (3 credits)

The remaining four electives may be selected from among Seidman M.S.T. courses or, with faculty advisor approval, other Seidman graduate offerings or graduate program offerings outside the Seidman College of Business.

Cognates

Certain cognates must be completed before graduation. They may be completed as part of the students undergraduate program prior to admission to the M.S.T. program or completed anytime between admission and program completion. These cognates include accounting and economics and at least four of the following areas: Business law, computer science and information systems, finance, marketing, and statistics.

Cognate Area	Cognate Course	GVSU Undergraduate Course(s)
Information Systems	MGT 510 - Principles of Mgt Information Systems (2 credits)	MGT 268 (3 credits)
Accounting	ACC 511 - Financial and Managerial Accounting Concepts (3 credits)	ACC 212 & 213 (6 credits)
Statistics	FIN 521 - Data Analysis in Business (2 credits)	STA 215 (3 credits)
Finance	FIN 522 - Finance Principles for Managers (2 credits)	FIN 320 (3 credits)
Legal Environment	BUS 531 - Legal Environment of Business (2 credits)	BUS 201 (3 credits)
Economics	ECO 542 - Economic Reasoning (3 credits)	ECO 210 & 211 (6 credits)
Marketing	MKT 551 - Marketing Management: Principles and Institutions (2 credits)	MKT 350 (3 credits)

Students who have completed GVSU undergraduate courses listed above with a grade of B or better or the equivalent at another college or university are not required to complete additional 500-level coursework in the respective areas. A background assessment showing the status of the student's cognate requirements is provided each student at the time of admission.

Capstone

ACC 636 - Taxation Problems, Planning, and Current Issues (3 credits) is a capstone course and may not be taken until other core courses are complete.

The M.S.T. is a program designed for working professionals. Classes are offered in the evenings, and most students attend part-time. Students who have completed the cognate requirements and enroll for six credits each semester graduate in two years. The M.S.T. can be completed in four semesters of full-time study, including two fall semesters, if the student has completed all cognate requirements and attends full time.

Students must complete a program plan with their faculty advisor prior to beginning course work.