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Subject Topic: MAcc or CPA? (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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MikeCPA
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Joined: 17 Mar 2010
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Posted: 17 Mar 2010 at 16:35 | IP Logged  

Hey guys. This is my situation. I'm hoping some of you can offer your wisdom and input on this.

I graduate next month with my Bachelor's in Accounting (3.8 GPA). I was planning on moving into my MAcc right away because my employer was going to pay for it (already accepted into prog). Now they're not sure whether they will.

I am scheduled to sit for AUD at the end of May. Since Auditing is my last class this semester I thought it'd be best to take AUD right afterward when it's still fresh. I am complementing my class now with the CPA review materials. I had thought of taking REG (just wrapped up bus law and tax classes) next in the summer, and BEC before year end (to beat the 2011 changes). FAR would require my greatest efforts and I'd have no choice but to leave it for next year, despite the changes. It'll probably be the subject I 'enjoy' most.

Now, with the MAcc reimbursement in danger, I've gotten used to the idea of not doing the MAcc and just concentrating on the CPA exam. Of course, I couldn't get licensed until I got the extra 30 credits. So, what are your thoughts on this? Should I bypass the MAcc, get all the CPA sections done, and then worry about the 30 credits? If work doesn't pay the MAcc, should I go about another cheaper route (LSU, others?) ? If work pays for the MAcc , should I put off the CPA exam until after finishing the MAcc?? This basically puts in question the order of things and the value of the MAcc vs. just another 30 credits.

FYI, I am 35 (family, kids), have worked in industry for all my life (17 years) , and I've no plans of working public, audit or tax. I wish to remain in industry and just finish all my education now while I am on a roll.

Thanks for your input.

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Kfan
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Joined: 02 Oct 2009
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Posts: 861
Posted: 17 Mar 2010 at 22:48 | IP Logged  

If you just want to stay in industry, you'd be better off
doing your hours at an approved community college if your
state has one. You'll save a ton of money. The main reason
to do a Macc is access to accounting firms.

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BEC-10/3/09 77
REG-10/9/09 84
AUD-11/19/09 78
FAR-11/24/09 88
Yaeger Review
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TaxProfMom
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Joined: 19 Mar 2010
Location: United States
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Posts: 112
Posted: 21 Mar 2010 at 20:46 | IP Logged  

I do the CPA first, MAcc later. If you're in industry, you probably don't have
the public accounting hours anyway (unless you're in one of the "lucky"
states). I thought that my MSAT would prep me for the CPA but I don't think
it has; however, it has opened up the ability for me to teach Accounting at
the university level even though I haven't started studying for the CPA yet.
You can also do your MA/MS part-time and pay as you go. I did it that way,
one class per semester, it ran me $1500 per semester or $500 per credit
hour. One semester I doubled-up, and I took a Winter term class to finish
in the Spring - that was an expensive year. Seems a shame to take 30
credits of coursework and not get a degree out of it. If you just need the
150, you could consider an MBA which is more portable than an MAcc/MSAT.

__________________
FAR - (Becker) 4/11 83!
AUD - (Roger) 8/11 86!
BEC - (Roger) 11/11 87!
REG - (Roger) 2/17/12 84!
BA Econ '93, MBA '00, Kid1 '04, Kid2 '06, MSAT '09
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chinweike
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Joined: 21 Mar 2010
Location: Nigeria
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Posts: 4
Posted: 22 Mar 2010 at 04:46 | IP Logged  

I recently rigistered for MACC just to enable me find my way into the academics
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kcryan
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Joined: 13 May 2009
Location: United States
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Posts: 29
Posted: 20 Apr 2010 at 12:06 | IP Logged  

Depending on state, you usually have to complete the MACC just to sit for the CPA.

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