ms tax

Prerequisite Courses

Incoming students must complete five prerequisite courses that are listed below before enrolling in the MS in Taxation.

The prerequisites include 3 credits in accounting (ACCT5521), 6 credits in taxation (ACCT6605 & 6606), 3 credits in business law (LAW6657), and 3 credits in corporate finance (FIN5531).

Some of the prerequisites may be taken concurrently with MST courses. ACCT6605 (individual taxation) must be completed before any MST classes can be taken. ACC6606 (entity taxation) should be taken as early on as possible, since it is also a specific prerequisite for several of the MST classes.

Prerequisite courses may be waived if the student has previously completed the indicated course work at FDU within the prior five years, or the equivalent thereof elsewhere also within the previous five years, or passes a comprehensive proficiency exam with a grade of 80 or higher.

CPAs and accounting majors are typically able to waive four out of the five prerequisite courses. The fifth course, ACCT6606 (entity taxation), is the course that they often wind up needing to take.

List of Prerequisite Courses 

Course No  Title Waiver
ACCT5521 Financial Accounting Waived by 3 credits of undergraduate accounting or equivalent thereof.
FIN5531 Financial Analysis Waived by 3 credits of undergraduate corporate finance or equivalent thereof.
ACCT6605 Federal Taxes I: Indvidual Income Taxation Waived by 3 credits of undergraduate federal individual taxation or equivalent thereof.
ACCT6606 Federal Taxes II: Entity Taxation Waived by 3 credits of undergraduate entity taxation  or equivalent thereof.
LAW6657 Applied Business Law Waived by 3 credits of undergraduate business law  or equivalent thereof.