NOTE: This program has been suspended and is not accepting applications effective with the Fall 2014 term.
The Master of Science in Taxation program is designed to prepare students for careers as tax professionals and tax consultants in public practice, government, and industry. The MST degree, along with appropriate prerequisite work from an undergraduate degree in accounting, satisfies the education requirements to become a licensed CPA in the state of Florida.
The Master of Science in Taxation (MST) degree is awarded upon completion of a minimum 30 credit hours, and a final written exit exam. In the total program of study a minimum of 21 credit hours of the course work must be completed in accounting/tax courses. Students, with the assistance and approval of the program adviser, may select other courses that reflect their interests and career objectives.
|Total Credit Hours Required:|
Credit Hours Minimum beyond the Bachelor's Degree|
Faculty members in the Kenneth G. Dixon School of Accounting emphasize independent learning in various ways in all courses in the MST program. Cases and research projects that involve independent work outside the classroom are incorporated into all course work. The cases and projects are both individual and team prepared. Students are asked to do research that requires they utilize library, internet and resources other than the material provided by the professor. The results of independent research activity are presented in either a written report or case analysis or oral presentation. Students work to develop and enhance skills and competencies that will support them professionally throughout their careers. The approaches used in our courses encourage students toward life-long learning.
Foundation Prerequisite Courses
The courses included in the business and accounting foundation core are listed below. An applicant with a recent undergraduate accounting degree should satisfy most of the core foundation requirements. Other recent related business coursework may partially satisfy these core requirements. The business foundation core is designed for students with a nonbusiness undergraduate degree (e.g., psychology, education, or engineering). The accounting foundation core is designed for students with an undergraduate business degree (e.g., finance, marketing, or management). All business and accounting foundation core deficiencies must be satisfied before graduate MSA coursework can be taken. Before taking any foundation courses, please have your undergraduate transcripts reviewed by the MSA/MST Program Advisor.
Business Foundation Core—21 Credit Hours
- ACG 2021 Financial Accounting (3 credit hours)
- ACG 2071 Managerial Accounting (3 credit hours)
- ECO 2013 Macroeconomics (3 credit hours)
- ECO 2023 Microeconomics (3 credit hours)
- ECO 3401 Quantitative Business Tools I (3 credit hours)
- ECO 3411 Quantitative Business Tools II (3 credit hours)
- FIN 3403 Business Finance (3 credit hours)
Accounting Foundation Core—22 Credit Hours
- ACG 3131 Intermediate Financial Accounting I (3 credit hours)
- ACG 3141 Intermediate Financial Accounting II (3 credit hours)
- ACG 3361 Cost Accounting I (3 credit hours)
- ACG 4401 Accounting Information Systems (3 credit hours)
- ACG 4651 Auditing (3 credit hours)
- BUL 3130 Legal and Ethical Environment of Business (4 credit hours)
- TAX 4001 Taxation of Business Entities and Transactions (3 credit hours)
Required Courses—15 Credit Hours
ACG 6636 Advanced Auditing (3 credit hours)
ACG 6805 Accounting Theory (3 credit hours)
TAX 5015 Advanced Tax Topics (3 credit hours)
TAX 6065 Tax Research (3 credit hours)
TAX 6845 Tax Planning and Consulting (3 credit hours)
Elective Courses—15 Credit Hours
Restricted Tax Elective Courses—6 Credit Hours
TAX 6317 Taxation of Flow-thru Entities (3 credit hours)
TAX 6527 Multi-jurisdictional Taxation (3 credit hours)
TAX 6875 Contemporary Tax Topics (3 credit hours)
TAX 6946 Graduate Tax Internship (3 credit hours)
Restricted Elective Courses—9 Credit Hours
MSA students can take additional TAX courses or ACG courses as restricted electives. Most MBA courses other than ACG 6425 and BUL 6444 may be taken as restricted electives. BUL 5332 Advanced Business Law Topics is required for UCF students with an undergraduate degree in accounting who plan to take the CPA exam. Please note that some of the MBA courses may be restricted to only those students enrolled within a specific MBA track. Up to six hours may be selected from outside the College of Business Administration. Courses outside the College of Business Administration must be selected with the student’s area of interest and/or career objectives in mind and with the approval of the program adviser.
The satisfactory completion of an end-of-program comprehensive written examination is required. The MST program does not require a thesis.
Additional Program Requirements
Any student enrolled in a College of Business Administration master's degree program who earns more than two final course grades below a B- will be dismissed from the program and retention plans will not be supported by the College of Business Administration.
For information on general UCF graduate admissions requirements that apply to all prospective students, please visit the Admissions section of the Graduate Catalog. Applicants must apply online. All requested materials must be submitted by the established deadline.
In addition to the general UCF graduate application requirements, applicants to this program need the following:
- One official transcript (in a sealed envelope) from each college/university attended.
- 3.0 GPA in upper division accounting and tax courses.
- Official, competitive GMAT score taken within the last five years.
- A computer-based score of 233 (or 91 internet-based score) on the Test of English as a Foreign language (TOEFL) if an applicant is from a country where English is not the official language, or if an applicant's degree is not from an accredited U.S. institution, or if an applicant did not earn a degree in a country where English is the only official language or a university where English is the only official language of instruction. Although we prefer the TOEFL, we will accept IELTS scores of 7.0.
- Applicants applying to this program who have attended a college/university outside the United States must provide a course-by-course credential evaluation with GPA calculation. Credential evaluations are accepted from World Education Services (WES) or Josef Silny and Associates, Inc. only.
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International Transfer Applicants
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*Applicants who plan to enroll full time in a degree program and who wish to be considered for university fellowships or assistantships should apply by the Fall Priority date.
Graduate students may receive financial assistance through fellowships, assistantships, tuition support, or loans. For more information, see the College of Graduate Studies Funding website
, which describes the types of financial assistance available at UCF and provides general guidance in planning your graduate finances. The Financial Information
section of the Graduate Catalog is another key resource.
Fellowships are awarded based on academic merit to highly qualified students. They are paid to students through the Office of Student Financial Assistance, based on instructions provided by the College of Graduate Studies. Fellowships are given to support a student’s graduate study and do not have a work obligation. For more information, see UCF Graduate Fellowships, which includes descriptions of university fellowships and what you should do to be considered for a fellowship.