Finance, Accounting, and Taxation

B.S. in Accounting


The 120-credit B.S. in Accounting prepares students for acceptance into various master’s programs and for employment in either the public, private, government or not-for-profit sectors in addition to entry-level positions in business, financial and accounting firms. Students learn essential skills in financial and managerial accounting, taxation and auditing. The curriculum provides a systems approach to prepare students to be technically competent, alert to ethical issues and able to adapt to changes in technology, regulation and globalization.

Student clubs for accounting majors include the Accounting Society, which regularly sponsors professional events and host lectures by guest speakers in the accounting profession. The National Association of Black Accountants offers students the opportunity to participate in mentorship and apprenticeship programs, providing them with the hands-on experience that is so critical to future employers.

Accounting students also help low-income, disabled and non-English-speaking individuals in the community with their yearly tax preparation through the Volunteer Income Tax Assistance (VITA) program.


Admission Requirements

The standards for admission as a fully matriculated student in the M.B.A. program are as follows:

  1. A bachelor’s degree with a minimum 3.0 cumulative grade point average from an accredited institution. Official transcripts from all colleges and universities previously attended (foreign documents must be accompanied by a certified English translation).
  2. Official score report of the TOEFL examination for applicants with degrees from foreign colleges and universities.
  3. A written statement-outlining applicant’s objectives for seeking admission into the program.
  4. A current résumé.
  5. Two letters of recommendation.
  6. A completed application submitted to the Office of Admissions.

In addition to the above requirements, a bachelor’s degree; Accounting 501 and LAW 790 or equivalent; or CPA license or a J.D. is required.

Program Sequence

The 30-credit M.S. in Taxation provides students with a comprehensive understanding of the sources of federal taxes and the ways in which to apply tax laws in all types of business scenarios. Graduates of this program greatly enhance their career options, whether they are already in a tax-related position or are in any other business venture, by gaining a solid foundation in how to comply with the rules and regulations of taxation and how to apply them.

M.S. in Taxation Requirements:

PREPARATION COURSES - 6 credits (Not counted towards degree)*

Prerequisites
Course #
Course Name
Credits

ACC 501 Financial Accounting 3.00

LAW 790 Commercial Law I 3.00

TAXATION COURSES 9 CREDITS

Prerequisites
Course #
Course Name
Credits
ACC 501, TAX 716
TAX 716 Federal Income Tax Principles 3.00
ACC 501, 
TAX 716
TAX 722 Corporate Taxation 3.00
ACC 501, 
TAX 716, 722
 TAX 760 Tax Practice and Procedure 3.00

ADVANCED TAXATION COURSES (Choose 21 credits from the following courses)

Prerequisites
Course #
Course Name
Credits
ACC 501
TAX 716
TAX 724 Partnerships, Corporations, and Limited Liability Entities 3.00
ACC 501, 
TAX 716
TAX 725 Federal Estate and Gift Taxation 3.00
ACC 501, 
TAX 716
TAX 729 State and Local Taxation 3.00
ACC 501, 
TAX 722
TAX 730 Corporate Reorganizations 3.00
ACC 501, 
TAX 725
TAX 735 Fiduciary Income Taxation 3.00
ACC 501 TAX 745 International Taxation 3.00
TAX 745 TAX 746 Advanced International Taxation 3.00
ACC 501,
TAX 716, 
LAW 790
 TAX 780 Fundamentals of Qualified Employee Benefit Plans 3.00
ACC 501, 
TAX 780
TAX 781 Advanced Problems in Qualified Employee Benefit Plans 3.00
ACC 501, 
TAX 780
TAX 787 Employee Benefit Programs 3.00

Credit and GPA Requirements
Minimum Credits: 30
Minimum Major GPA: 3.0

*Can be waived based on equivalent undergraduate work. Courses do not count toward the 30-credit program requirement. See Admissions Requirements in Graduate Bulletin.

CONTACT

School of Business, Public Administration & Information Sciences

Ray Pullaro, Dean

718-488-1130
Ray.Pullaro@liu.edu