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 a graduate-level accounting curriculum. 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.
To ensure the best possible educational experience for our students, we may update our curriculum to reflect emerging and changing employer and industry trends. Professional licensure and certification regulations vary from jurisdiction to jurisdiction. Students are encouraged to visit the relevant governing body for the state in which they intend to practice to verify specific licensure (and/ clinical hours) requirements which includes ensuring the program of interest meets the licensure requirements prior to enrolling. Students may visit our Professional Licensure Information page for more information and also reach out to our team of enrollment advisors for guidance.
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.