What’s a Master’s in Accounting?

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A Master of Accounting is a graduate degree that focuses on accounting theory. Accounting is the study of financial transactions and it is a very complex subject with impacts on all aspects of our lives. Certified Public Accountants (CPAs) have an undergraduate or bachelor’s degree in accounting. They are also required to obtain a combination of specific courses and education relevant to working as an accountant.

There are four aspects to an accounting master’s program: subject, course expectations, research, and educational institution. All four aspects are critical to making the most of this educational opportunity. This program is only available at accredited universities and will likely be found at institutions with a strong graduate school of business or MBA.

Subjects covered in a master’s program in accounting include accounting theory, accounting for financial instruments, systems design, and advanced auditing. These areas are covered by the Bachelor of Accounting or Management programs, but are explored in much more detail in this program. The work covered here is critical in the development of new accounting theories and guidelines to accommodate new types of investments and financial reporting,

The available course offerings differ between different universities. When selecting a school, investigate the top professors at that college and look for their research specialty. This information is available on the business school’s website. Actual articles can be found in the Journal of Accountancy and other specialist publications.

All masters in accounting are required to complete at least two major research projects. The objective of this research is to expand the breadth and depth of knowledge in the field of accounting. Accounting is a very active and relevant subject in everyone’s daily life.

When selecting a university for this program, look at the other programs offered by the business school. Explore opportunities to earn a PhD in business, accounting or commerce. See transfer credits and application requirements for other related programs. Many people earn a master’s in accounting and then apply some of those academic credits to their master’s in business administration.

After earning this degree, many people find employment with economic think tanks, government agencies, educational institutions, and policy development organizations. Scholarly roles often lead to the publication of books or other works. Other options include combining this education with knowledge and positions in world economic policy with the United Nations, World Bank or International Monetary Fund.

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