Establish Your Future at the Milgard School The Milgard School’s Master of Accounting (MAcc) program at the University of Washington Tacoma provides a transformational experience for those aspiring to a successful career in accounting. In addition to meeting the academic year requirement to sit for the CPA Exam, the Milgard MAcc degree has been designed to bolster accounting careers with the practical and research-based knowledge that comes from a world-class university.
The Milgard School has established itself as an outstanding business school in the heart of the economically vibrant Seattle-Tacoma metropolitan area that is home to Amazon, Boeing, Costco, Microsoft, Nordstroms, Starbucks, and Weyerhaeuser. The Milgard community is excited to embrace the incoming class of MAcc students and introduce them to the expertise and international outlook of our faculty, our close ties to regional business leaders, and the quality and professional experience of our students and alumni.
The Milgard School provides an environment that is exhilarating, intensive, transforming, and rewarding. I hope you will join us as a member of the Milgard School’s MAcc program.
Shahrokh M. Saudagaran, Ph.D. Gary E. and James A. Milgard Endowed Dean
MaSter of accounting PrograM
An Open Door to the Accounting Profession The world looks to the accounting profession for guidance and
stewardship. The University of Washington Tacoma, Milgard School of
Business MAcc program leverages exceptional educational opportunities
and innovative energy to develop accounting leaders with the expertise
and integrity to rise to the occasion.
The Milgard MAcc program and its highly distinguished faculty go beyond
teaching fundamental accounting concepts by immersing students in a
specialized curriculum that is relevant to the needs of both regional
businesses and the global marketplace.
The program is designed to meet the CPA exam 5th year requirement in
Washington State. However, in meeting this requirement, students will
earn a mark of distinction that identifies them as possessing a deep
understanding of the accounting body of knowledge. Students who
complete the MAcc will find their achievement separates them from other
business professionals as they advance through their accounting career.
The curriculum is widely applicable to accounting careers in the public
accounting, corporate, government, and not-for-profit sectors. Whether
you aspire to become a partner at a public accounting firm or a senior
financial executive at a multi national company, the Master of Accounting
degree from the Milgard School will prepare you for the journey.
Established in 1994 as UW Tacoma’s Business Administration program, the Milgard School of Business was named in 2003 in recognition of a generous $15 million endowment from Gary E. Milgard, the Gary E. Milgard Family Foundation, and James A. Milgard. An additional gift from the Milgard family later raised the endowment to $20 million.
Leading the Profession
In a profession where the one constant is change, successful accountants
have continuously applied ethics and integrity to the financial challenges
of the day. The Milgard MAcc curriculum builds upon this tradition with
innovative courses in forensic and international accounting and the
emerging field of corporate social reporting. As more companies prepare
social reports to respond to stakeholders, this aspect of corporate
reporting is growing in importance. Accompanying this is the increased
demand for the independent audits of social reports. The Milgard MAcc
will equip its graduates to provide leadership in this rapidly growing area. 1
A World-Class University university of Washington: Preeminent research university Founded in 1861, the University of Washington is one of the oldest public universities on the West Coast and is one of the preeminent research universities in the world. A recent 2013 academic ranking of world universities by Shanghai Jia Tong University, ranks the University of Washington 16 out of 500 institutions.
The UW is a three-campus university. At the Milgard School of Business, students receive a MAcc degree from the University of Washington, completed at the University of Washington Tacoma.
uW tacoma: World-class education in the South Sound University of Washington Tacoma offers a world-class education in the South Puget Sound. Distinctive features of UW Tacoma are that it offers relatively small class sizes taught predominantly by full-time faculty. UW Tacoma has a beautiful campus in the heart of historic, dynamic downtown Tacoma. Surrounded by museums, offices, restaurants and retail, the vibrant campus is an integral part of the community. Founded in 1990, the University of Washington Tacoma
serves more than 4,000 students in both undergraduate and graduate programs.
The school’s mission is to educate diverse learners and transform communities by expanding the boundaries of knowledge and discovery. Its 46-acre campus, crafted from updated and restored buildings in the historic Warehouse District, has won national recognition.
See Yourself Here Advance your career with a University of Washington MAcc degree in Tacoma. UW Tacoma offers graduate education that’s convenient, affordable, and high quality. As a MAcc student in the Milgard School you will learn by working closely with your peers, professors, and local businesses and other organizations.
Opportunities abound to connect and network with other professionals, Milgard alumni, and area business executives. UW Tacoma’s urban location provides easy access to adults seeking a world-class business education. Its small size provides students with personal attention and a sense of a closely-knit community.
2
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
inStitution Harvard university Stanford university university of california, Berkley Massachusetts institute of technology (Mit) university of cambridge california institute of technology Princeton university columbia university university of chicago university of oxford Yale university university of california, Los angeles cornell university university of california, San Diego university of Pennsylvania University of Washington the Johns Hopkins university university of california, San francisco university of Wisconsin - Madison Swiss federal institute of technology Zurich
countrY
canada
china
india
kazakhstan
korea
Top 20 Universities in 2013
WorLD rank
Macc international students currently come from:
Philippines
nationaL rank 1 2 3 4 1 5 6 7 8 2 9 10 11 12 13 14 15 16 17 1
russia
taiwan
A Stimulating Learning Environment
experience the Milgard Difference The Milgard School of Business offers programs of study leading to a Bachelor of Arts in Business Administration (BABA), a Master of Business Administration (MBA), and a Master of Accounting (MAcc).
Established in 1994 as UW Tacoma’s Business Administration program, the Milgard School of Business was named in 2003 in recognition of a generous $15 million endowment from Gary E. Milgard, the Gary E. Milgard Family Foundation, and James A. Milgard. An additional gift from the Milgard family later raised the endowment to $20 million. The Milgards had a vision of building an outstanding business school at the University of Washington Tacoma. Their gift supports the school’s quest for excellence in all that it does. The Milgard School offers a world-class
business education—a valuable source of skilled professionals for companies in the Puget Sound Region and beyond. Experience the difference that a Milgard School of Business education can make in your future.
Designed to produce graduates who will shape the environment in which they operate, the Milgard School of Business offers high-quality undergraduate and graduate education. The school is committed to advancing and disseminating business knowledge and to cultivating collaborative relationships with the community.
Faculty and staff strive to develop leaders who will better global business in a socially responsible manner, integrating innovative teaching, relevant scholarship, and proactive service to business and academic communities. 3
A Foundation of Professionalism, Integrity and Expertise
A Passionate Faculty & Diverse Student Body Passionate Scholars and teachers In the Milgard School, the coursework is challenging and the discussion and interaction with professors and fellow students intellectually stimulating. The University of Washington recruits the best, most diverse and innovative faculty from around the world, encouraging a vibrant intellectual community for students. UW promotes access to excellence and strives to inspire through education.
tools to Lead Decision-Making Whether a middle-manager or C-suite executive, as an accounting professional you will be challenged to lead and influence organizational decision-making. The Milgard Master of Accounting program will give you the tools to meet that challenge with accounting and business knowledge, professional communication skills, and the ability to navigate ethical issues with integrity.
The cornerstone of the entire Milgard MAcc program is its distinguished faculty members and the high quality of their courses. At Milgard, teaching excellence is a high priority. UW Tacoma accounting professors are recruited from some of the most distinguished doctoral business programs in the world.
knowledge to Succeed in complex environments The primary goal of UW Tacoma’s MAcc program is to provide current and future accounting professionals with the knowledge necessary to succeed in an increasingly dynamic and complex environment. Students will gain deeper capabilities in the areas of financial planning and control, performance measurement, financial statement analysis, financial accounting theory, corporate taxation, forensics and auditing, international accounting, and business law. Coursework in the Milgard program emphasizes the real world skills needed to generate financial information and utilize it to influence business decisions at a high level. MaSter of accounting PrograM
convenient one Year Program
The MAcc program offers weekday evening courses. The curriculum is designed to enable students to obtain their MAcc degree in nine months. Each quarter, students will typically enroll in three to four courses (12 to 17 credits). 4
credible Business accreditation UW Tacoma’s Milgard School of Business is independently accredited by the Association to Advance Collegiate Schools of Business (AACSB), the premier accreditation for business schools in the US and globally.
Business faculty members are distinguished by their experience across a wide range of business disciplines, research interests, and ability to effectively instruct graduate-level students. The Milgard School faculty consists of passionate teachers and renowned scholars who create knowledge and tools that are the basis for a relevant business education.
Macc class of 2014
Diverse Student Body with real-World experience Students entering the MAcc program join a community of business professionals seeking to advance their careers and hailing from a variety of industries and professional backgrounds. Many of them live and work in the greater Puget Sound metropolitan area, creating the opportunity to build a rich network of contacts in the region. Students build lifelong relationships as they develop their financial management skills and knowledge in the program’s dynamic learning environment.
MAcc students will join a select group of Milgard peers with diverse backgrounds and demonstrated leadership abilities. They are bright, ambitious, enthusiastic, and are constantly looking for opportunities to make a positive social impact. They bring real-world experience and insight into the program.
The Milgard School’s rigorous national search for faculty places a premium on teaching skill and research. This benefits students of the MAcc program who gain a greater mastery of analytical tools and the accounting subject matter, as well as the opportunity to work closely with thought leaders in the field.
“The vast majority of students that enter public accounting
decide at some point in their career to move into a position of financial leadership in private industry, government, and nonprofit organizations. In addition to meeting the 5th year requirements to become a CPA, the Master of Accounting program at the University of Washington Tacoma will also provide a source of well-educated financial leaders in the region for years to come.”
John M. Harrison, Milgard MBA (’03), CPA Chief Financial Officer Bruce Titus Automotive
5
A Rigorous Curriculum to Advance Accounting Careers
Enabling accounting professionals to adapt to the evolving realities of the global marketplace, the Milgard School’s MAcc curriculum provides a solid foundation, rooted in the business fundamentals identified by business leaders in our community and beyond.
autuMn Quarter
financial Statement analysis Examines the analytical tools and research techniques necessary to understand and interpret financial statements for the purposes of making economic decisions from a user’s perspective.
taxation of Business entities Investigates the effects of income taxes on business strategy. Examines the interaction of income tax considerations with non-tax considerations in business decisionmaking.
tax research & communication Examines issues in conducting tax research. Investigates aspects of the research process, including how to find, read, and evaluate primary and secondary sources of tax law. Emphasizes development of advanced communication skills relating to the expression of research findings in taxation.
governmental and not-for-Profit accounting Covers accounting issues for state and local governments, public and private colleges and universities, hospital and health care providers, and other not-for-profit organizations. Examines the characteristics that distinguish governmental and not-for-profit entities from for-profit entities. Investigates fund structure and financial reporting issues for various kinds of not-for-profit institutions.
advanced auditing Examines key issues regarding generally accepted auditing standards, the role of the auditor, professional conduct and ethics, reporting responsibilities, risk assessment, internal control, evidential matter, management fraud, forensic accounting, and auditing of social reports. advanced topics in financial accounting Investigates advanced accounting issues related to business combinations, foreign currency transactions, financial derivatives, segment and interim reporting, intercompany transactions, SEC regulation and reporting requirements, and revenue recognition. Emphasizes the ability to identify and apply related accounting principles, assess their impact on the financial statements, and identify areas of potential misstatements. 6
Winter Quarter
Planning, control, and Performance evaluation Investigates the use of cost accounting information and techniques to support decisionmakers as they develop, implement, evaluate, and modify organizational strategy. Examines and evaluates quantitative models and behavioral aspects regarding the use of cost information in decision-making. internship or independent Study Internships permit students to obtain practical knowledge and experience in an accounting environment while employing the skills developed in the classroom. Independent study project permits students to explore specific accounting topics in greater depth with faculty guidance. Projects culminate with a research paper expanding on previously developed accounting knowledge.
SPring Quarter
Business regulation and communication Investigates key issues in the current regulatory business environment. Examines statutory and common law precedent of issues. Explores optimization of results to those key issues evaluated. Emphasizes the development of advanced communication skills pertaining to research regarding regulatory issues. financial accounting theory Examines accounting theory, such as the role of accounting in valuation of securities, performance evaluation, and accounting standards setting. Investigates the scope and limitations of “generally accepted accounting principles,” with special emphasis on the objectives of financial reporting. advanced international accounting Examines the causes and effects of global accounting diversity and the role of International Financial Reporting Standards (IFRS) in accounting convergence globally. Investigates issues related to the preparation and use of financial reports across borders. Investigates selected financial reporting and disclosure issues including social responsibility reporting and the emerging demand for the audit of corporate social reports. Emphasizes the nature and importance of emerging capital markets and managerial accounting issues related to global business.
*Schedule can be subject to change.
“
I am extremely thankful for the experience and knowledge I have gained while attending the Milgard School of Business’ MAcc Program. The MAcc Program aspires to teach students more than just about Accounting but also places an emphasis on furthering one's professional skill set. These benefits have proved invaluable in both personal and professional aspects of my life by preparing me for more than just my career at Boeing, but also by improving my public speaking skills tremendously. I've gained life-long skills from the MAcc Program that will allow me to continuously expand my career opportunities within Boeing.” Jessie Hehn Business & Planning Analyst Boeing MAcc Class of 2013
“Attending the Milgard School of Business has changed my life.
The education and experience I received at Milgard have allowed me to not only change careers, but also to pursue my dream of becoming a CEO.” Gary Viers, CPA Tax Analyst Weyerhaeuser MAcc Class of 2013
“The MAcc program has given me the knowledge and professional opportunities that have
helped me to achieve my career goals.”
Meenakshi Kapoor, Enterprise Risk Consultant Deloitte MAcc Class of 2014
The University of Washington Financial Reporting Conference brings together accounting standard setters, enforcement officials, corporate financial executives, accounting professionals, and educators to discuss current issues in financial accounting and reporting. This is one of the premier events of its type in the United States.
Pictured left to right, Russell Golden, Chairman Financial Accounting Standards Board (FASB), Susan Markel, Managing Director, Corporate Investigations practice and former Chief Accountant of the SEC Division of Enforcement, Alix Partners, and UWT Milgard School of Business Endowed Dean Dr. Shahrokh Saudagaran.
7
A Collaborative Culture
A Dynamic Community
As the faculty and staff work with the MAcc students to achieve their professional goals, students will experience the highly personal nature of the Milgard MAcc program that offers them endless opportunities to further their accounting careers or launch new ones. Students are welcomed into a very talented, diverse, and collaborative community—an invaluable network they will be part of for the rest of their lives.
Learning Beyond the classroom Coming to the Milgard School on the University of Washington Tacoma campus means joining a vibrant, thriving community of fellow students, faculty, staff and alumni. From networking mixers to conferences, guest speakers, and school-wide events, there is always something happening so students can network and build their skills. MAcc students have many opportunities to enhance their education by participating in a wide variety of activities and noteworthy events. Examples include internships, executive speaker series, and social and networking opportunities with current Milgard students, alumni, faculty, staff, and area business leaders. Several online networking groups are also available to students and alumni.
a Warm & Welcoming atmosphere Milgard faculty and students strive to create a warm and welcoming atmosphere that encourages friendship and collaboration. The school provides an environment in which business professionals feel safe to be themselves, take risks, share, get to know each other, and learn. Faculty, staff and students are positive, respectful, and encourage an inclusive environment connecting people with resources and support. Bonds that Last a Lifetime At the Milgard School, collaboration and teamwork yield great rewards. Students are members of a close-knit, supportive peer and faculty network that draws on both shared experiences and a diversity of ideas and backgrounds to build bonds that last a lifetime. The cooperative, team-oriented nature of the Milgard MAcc program will encourage students and faculty to work together productively and harmoniously. Small class Sizes The small class sizes in the MAcc program allow students to get to know all members of their class. The size of the program and the personal attention from faculty result in a rich learning environment. Students typically would not get the same level of discussion and debate in a huge lecture class or online.
Leadership & Social Responsibility
8
Since June 2003, the Milgard family of Tacoma, founders of Milgard Manufacturing, has made gifts to the University of Washington Tacoma to foster excellence in the Milgard School of Business. A portion of those gifts was designated to establish the Center for Leadership & Social Responsibility in 2006. The mission of the center is to develop socially responsible leaders who build sustainable organizations and communities. It oversees programs and activities for students, faculty, and area business leaders.
“
I have enjoyed being a member of the Milgard School of Business advisory board for over 7 years. The school is passionate about developing strong future business leaders who understand the importance of integrating strong business skills with a heightened understanding of social responsibility and ethics.
internship and Project Work MAcc students have the opportunity to learn how to apply their skills in the real world through internships and project work with area companies. Students benefit from the generosity and goodwill of the community who supports UW Tacoma. The University in turn provides the community with an educated citizenry and workforce. Professional Learning A number of CEOs and other senior executives serve on the Milgard School’s Advisory Board. MAcc students will have the opportunity to interact with leaders in the business community through speaker series, Milgard School events, and others forums.
Strong Business & community relationships The Milgard School is committed to building and maintaining positive and mutually beneficial relationships with the dynamic Seattle-Tacoma business community. Students meet business and community leaders in the classroom, in volunteer opportunities, doing research, as members of nonprofit boards, and in partnership with community organizations.
Moss Adams LLP is one of the largest employers of CPAs and consultants in the state of Washington. As a Partner, I personally see how the Milgard school of Business plays a key role in our regional recruiting efforts. As parents, my wife and I also personally see the positive Impact the school is having on our family because our two sons are enrolled at Milgard Tacoma.” Bob Hinton, CPA Managing Partner, Moss Adams
The University of Washington Tacoma celebrates its close ties to the business community and honors the accomplishments of South Sound executives at the Milgard School’s Annual Business Leadership Awards Dinner. Bill Ayer, UW Regent and former Chairman & CEO of Alaska Airlines, pictured above, delivers the keynote address. Non-Profit Business Leader of the Year award recipient Diane Cecchettini, RN, President and CEO of MultiCare Health System, pictured right, with Dr. Shahrokh Saudagaran, Dean of the Milgard School of Business. 9
A Perfect Location
Housed in beautifully renovated historic buildings in the midst of Tacoma’s Union Station District, the UW Tacoma campus is in the center of a regional downtown for the South Puget Sound just 30 miles south of Seattle. Home to a large number of major companies, Tacoma plays a crucial role in the Pacific Rim trade economy—especially with the Port of Tacoma and the Thea Foss Waterway just a few short blocks from campus. convenient & easily accessible campus UW Tacoma is a small, urban campus. The University shares its historic buildings with restaurants, coffee shops and other stores, so there’s always a place to grab lunch, dinner, or a snack. The community is seamlessly integrated with the campus; students feel the energy of being in the heart of downtown. Location, Location, Location Located on a hillside on the southern edge of downtown Tacoma and overlooking the Port of Tacoma and Mount Rainier, the campus is near several museums and is across the street from the beautiful Union Station. The Link, a 1.6mile light rail streetcar, stops right in front of the campus and offers free rides from the center of downtown to the Tacoma Dome and the theater district. Direct bus service is also available from the UW Tacoma campus to downtown Seattle and the University of Washington’s Seattle campus.
10
Your Path to a Successful Accounting Career a thriving Downtown Tacoma has experienced tremendous growth and dramatic change over the last two decades. Highlights of this downtown renaissance include the Washington State History Museum, the Museum of Glass, the Tacoma Dome, Union Station, LeMay—America’s Car Museum, the Dale Chihuly Bridge of Glass, the Greater Tacoma Convention & Trade Center, and the Thea Foss Waterway. New condominium developments, hotels, restaurants, and retail shops are thriving in the city and easily accessible from campus. international connections The Milgard School of Business location in the dynamic economy of the Pacific Northwest also allows the school to partner with international corporations such as Bank of New York Mellon, Boeing, Costco, Intel, Russell Investments, Starbucks, Weyerhaeuser, and more.
With the Milgard MAcc program, students earn a degree from the University of Washington—a university whose name and reputation opens doors in the US and abroad. Students in the program meet the CPA exam 5th year requirement while reaching an advanced level of competency in the field of accounting. This is the only such program offered in the South Sound region. Students will develop professional capabilities and a thorough knowledge of the challenges faced by accounting managers as they lead organizations in today’s dynamic and globally-connected business environment.
There has never been a greater need for accounting professionals capable of applying ethics to the reporting of corporate results. Students in the Milgard MAcc program will learn to maintain the integrity of traditional financial planning
and reporting systems, as well as the emerging field of corporate social responsibility reporting.
Employers are impressed with Milgard graduates because they demonstrate not only the mastery of powerful quantitative and management tools, but also a solid understanding of best practices for the changing and demanding global marketplace. Because the school’s culture produces graduates and innovative leaders who will shape the environment in which they operate, the Milgard School is a smart choice for those seeking to earn a MAcc degree.
The school’s innovative curriculum, key location, and ties to global firms provide its students with the tools and connections they need to launch the next stage of their careers.
11
Faculty
A Place to Launch Business Careers ehsan feroz Professor Ph.D., University of Chicago, 1982
arindam tripathy Assistant Professor Ph.D., University of Texas, Dallas, 2006
Daniel Bryan Associate Professor Ph.D., University of Oregon, 2002
ramin Mirsaidi Senior Lecturer, MAcc Director CPA, MBA, Indiana University, 1978
Zhiyan cao Associate Professor Ph.D., Yale University, 2006
Leonard Heritage Lecturer J.D., Seattle University, 1984
aaron Hastings Senior Lecturer CPA, MPAcc, University of Washington, 2002
Sally Schwartz Graduate Adviser M.S., Saint Cloud State University, 2011
apply today
The Milgard MAcc program is enrolling bright and diverse future accounting leaders who will begin studies in the fall quarter. We admit candidates with solid training in accounting who are ready to push the boundaries of their technical accounting skills and apply those skills in a wide variety of industries. Candidates may apply online at the University of Washington Graduate Admissions (www.grad.washington.edu) and indicate the Milgard School of Business MAcc program, or call for an appointment with a MAcc adviser at 253-692-5630.
international Student Services
The International Student Services office at UW Tacoma serves international students with immigration and visa advising, programming, and support. We believe a student body rich in diversity—culturally, socially and economically—contribute significantly to a dynamic and energetic learning community for all students. A UW degree links you for a lifetime with the benefits of the University of Washington’s 150-year international reputation for exemplary teaching and research. Find out more about our campus and services at www.tacoma.uw.edu/taxonomy/term/252.
find out More
To find out more please call, email, or visit our website.
Dr. Shahrokh Saudagaran Dean Milgard School of Business shahrokh@uw.edu 253-692-4580
Sally Schwartz MAcc Adviser uwtmacc@uw.edu 253-692-4733
Web: http://www.tacoma.uw.edu/milgardschool-business/master-accounting
12
13
MaSter of accounting PrograM Milgard School of Business University of Washington Tacoma 1900 Commerce Street Campus Box 358420 Tacoma, WA 98402-3100 253-692-5630
Email: uwtmacc@uw.edu
Web: http://www.tacoma.uw.edu/milgardschool-business/master-accounting