Online MS in Accounting

I am planning on attending UConn this fall majoring in accounting and I am really interested in their 4+1 MSA program. I was wondering what the application process is like, how competitive it is, what I can do in the future to prepare and if there are any specific requirements I need to know ahead of time. Also, do I have to take the GRE/GMAT if I am a UConn student (assuming I pass all required courses and have a 3+ GPA) and will I be able to start the program right after graduation (same year)?