Accounting 4+1 Option
Accounting 4+1 Option
The Accounting 4+1 option at the University of Michigan-Dearborn allows you to earn both the Bachelor of Business Administration and the Master of Science in Accounting with a substantial savings of time and money.
You can count up to five master's-level accounting courses toward the BBA Accounting major and the MS in Accounting at the same time. Not only will you save five courses, but you'll pay the undergraduate base tuition rate for those five master's courses.* The total value of the course substitutions is approximately $16,000 if you go on to complete the MS in Accounting, assuming part-time enrollment at resident tuition rates.
* You'll still be charged the slightly higher graduate course premium, which is an extra $50 per credit hour as of the 2023-24 academic year.
Accounting 4+1 Curriculum
In the Accounting 4+1 option, you would complete the curriculum requirements for the BBA Accounting major and the MS in Accounting, but with the following modified requirements for the BBA Accounting major:
ACC 356 - Intermediate Financial Accounting I
ACC 357 - Intermediate Financial Accounting II
ACC 555 - Cost Accounting (replaces ACC 355) *
ACC 557 - Auditing (replaces ACC 457) *
ACC 560 - Introduction to Federal Income Taxation (replaces ACC 360) *
FIN 402 - Advanced Corporate Finance
Choose one from the following:
ACC 403 - Advanced Managerial Accounting
ACC 516 - Advanced Financial Accounting I (replaces ACC 416) *
ACC 438 - Advanced Federal Income Taxation
ACC 539 - Not-for-Profit Accounting (replaces ACC 439) *
LE 453 - Business Law
* In order to receive the full benefit of the 4+1 option, make sure you enroll in the 500-level courses, not the corresponding undergraduate courses.
The Accounting 4+1 option encourages students to pursue more advanced coursework in the Master of Science in Accounting program. As a result, Accounting 4+1 students may not receive credit for ACC 505, ACC 514, ACC 555, or ACC 580 in the Master's program if those students have earned a B or better in the equivalent undergraduate courses of ACC 298, ACC 357, ACC 355, and ACC 380, respectively. Instead, Accounting 4+1 students must replace these courses with more advanced electives from the MS in Accounting program.
Admission
You are eligible to apply if you are:
- Currently enrolled at UM-Dearborn as a BBA student with a declared Accounting major
- Have completed ACC 356, 380 and 381 (if currently enrolled in one or more of these, you may seek conditional admission)
- Have a cumulative GPA of at least 3.2 at UM-Dearborn
- Have a GPA of at least 3.0 in Accounting courses at UM-Dearborn, excluding ACC 298 and ACC 299
To take full advantage, apply for admission to the 4+1 option before you take ACC 355, ACC 360, ACC 416, ACC 439, and ACC 457. (You will want to take the graduate versions of those same courses, ACC 555, ACC 560, ACC 516, ACC 539, and ACC 557 respectively.)
Please click “Sign up” in the online application portal and follow the on-screen instructions.
Students following the Accounting 4+1 option are not required to submit transcripts, a letter of recommendation, statement of purpose, resume, or an application fee. Enter coupon code "UMD41" when prompted in the application in order to waive the application fee.
If you meet the 4+1 eligibility criteria, you will be admitted to the MS in Accounting program while you are still completing your BBA in Accounting.
CPA Exam Preparation
The College of Business has partnered with CPAexcel® to offer CPA exam preparation at a significant discount to our eligible Accounting students. In addition, eligible students who pass all 4 parts of the CPA exam within 12 months of graduation can receive a 100% reimbursement of the discounted cost of the CPAexcel® Gold review course. Alternatively, eligible students who complete at least one section of the CPA exam within 6 months of graduation can receive a 50% reimbursement of the discounted cost of the review course.
Students must meet specific accounting and general business course requirements in order to qualify for the CPA examination in Michigan. See the National Association of State Boards of Accountancy for the official policies.