The field of accounting is changing rapidly. With advances in technology and increased regulations, today’s accounting professionals need to stay ahead of the curve. Aspiring professionals can benefit greatly from the skills and knowledge gained from graduate-level accounting courses. Higher education levels for accountants can lead to greater responsibilities, which, in turn, can lead to better job security. What’s more, holders of a master’s degree in accounting make an average of 37 percent more than bachelor’s degree holders.

Skills, Concepts, or Opportunities Gained with a Master’s Degree in Accounting

A typical master’s in accounting curriculum consists of courses that can give students in-depth knowledge and skills in several aspects of accounting. Many of these accounting courses will cover the following skills or concepts:

  • CPA exam preparation. The CPA (Certified Public Accountant) exam is a challenging test for aspiring accounting professionals. Students enrolled in a graduate-level accounting degree program will benefit from the important preparation required to successfully pass this exam.
  • Managerial methods. Managerial accounting refers to the process of gathering, analyzing and presenting financial information findings. Planning, budgeting, decision-making, and performance measurement are all examples of managerial accounting.
  • Discussing and analyzing strategic accounting issues. Accounting and auditing play an essential role in an organization’s financial health and growth. Students in this field must understand how accounting can support strategic, forward-looking business decisions.
  • Advanced auditing skills. Auditors play a key part in ensuring an organization’s funds are properly managed. Students learn how to find and eliminate waste and fraud, review financial statements, and improve accounting processes.

Common Courses for Online Master’s in Accounting Students

These are some of the common courses offered for this degree. Though actual course titles may vary depending on the university, many accounting programs offer courses that touch on the following concepts:

Survey of business. Anyone working within a business context should possess basic business acumen, including an understanding of the relationships between businesses, governments, and consumers in a global economy, as well as the major activities of business operations, including accounting, financials, marketing, and management.

Graduate preparation. Students beginning a master’s program in a business-related field must have a basic understanding of business math in addition to more general academic knowledge, such as how to cite critical data and paraphrase, as well as how to avoid plagiarism. A graduate preparation course offers students the chance to review such things.

Tax planning and decision-making. Aspiring accounting professionals must have a firm grasp of how the tax system works for both individuals and corporations and must understand the tax planning process.

Strategic accounting issues. Accountants working for organizations and businesses play an important role in that organization’s success. Therefore, accounting students need to learn the role they will play in achieving the strategic goals of an organization and also understand corporate governance.

Sources:

https://online.maryville.edu/online-masters-degrees/accounting/

https://www.investopedia.com/ask/answers/062915/what-are-common-concepts-and-techniques-managerial-accounting.asp

Maryville University Online Master’s in Accounting Curriculum

The online Master of Science in Accounting program at Maryville University aims to provide students with the accounting skills needed to pursue professional success.

Learn more about Maryville’s Online MS in Accounting course offerings here:

MASTER'S IN ACCOUNTING CURRICULUM FOR STUDENTS WITHOUT A BS IN ACCOUNTING

Bridge Program

ACCT 210Financial Accounting3 Credits
ACCT 211Managerial Accounting3 Credits
BUS 280Business Law3 Credits
ECON 201/202Macroeconomics or Microeconomics3 Credits
ISYS 241Business Statistics or Elementary Statistics3 Credits
ACCT 318Financial Reporting I3 Credits
ACCT 319Financial Reporting II3 Credits
ACCT 309Advanced Managerial Accounting3 Credits
ACCT 423Auditing3 Credits
BUS 501Survey of Business0 Credits

Core Accounting Courses

BUS 500Graduate Preparation0 Credits
ACCT 614Tax Planning and Decision Making3 Credits
ACCT 618Strategic Accounting Issues3 Credits
ACCT 620Financial Statement Analysis3 Credits
ACCT 660Data Analytics3 Credits
ACCT 616Financial Reporting III3 Credits
ACCT 650Accounting Research & Communication3 Credits

Becker CPA Informed Courses**

ACCT 670Advanced Auditing3 Credits
ACCT 674Advanced Financial Accounting & Reporting3 Credits
ACCT 672Advanced Business Environment & Concepts3 Credits
ACCT 676Advanced Accounting Regulation3 Credits

TOTAL 60 CREDIT HOURS

*BUS 501 required for students conditionally admitted

** Courses that incorporate Becker preparation material will have an additional fee

MASTER'S IN ACCOUNTING CURRICULUM FOR STUDENTS WITH A BS IN ACCOUNTING

BUS 500Graduate Preparation0 Credits
ACCT 614Tax Planning and Decision Making3 Credits
ACCT 618Strategic Accounting Issues3 Credits
ACCT 620Financial Statement Analysis3 Credits
ACCT 660Data Analytics3 Credits
ACCT 616Financial Reporting III3 Credits
ACCT 650Accounting Research & Communication3 Credits

Becker CPA Informed Courses*

ACCT 670Advanced Auditing3 Credits
ACCT 674Advanced Financial Accounting & Reporting3 Credits
ACCT 672Advanced Business Environment & Concepts3 Credits
ACCT 676Advanced Accounting Regulation3 Credits

TOTAL 30 CREDIT HOURS

* Courses that incorporate Becker preparation material will have an additional fee