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Degree Overview: Master of Accounting (M.Acc.) Degree in Financial Management

Majors Overview May 13, 2015

Get information about Master of Accounting (M.Acc.) degree programs in Financial Management and their educational requirements, coursework, career choices, job and wage outlook, and certification and continuing education choices.

Master of Accountancy (M.Acc.) Programs in Financial Management

Students enrolled in a Master of Accountancy (M.Acc.) program learn advanced accounting knowledge and business skills. They gain an in-depth understanding of the leadership techniques and accounting principles needed to understand and communicate the needs of organizations and businesses.

Some programs may include hands-on opportunities, such as internships, among others. Specializations in areas such as financial management, taxation and auditing systems may also be included.

Educational Requirements

Admission criteria typically require incoming students to hold an undergraduate degree in accounting apart from submitting their GRE test scores. Some programs allow students to choose an accelerated degree program wherein they are allowed to complete master’s and bachelor’s degree programs concurrently.

Coursework

The job responsibilities of accountants and financial managers include the evaluation and overseeing of the balancing and spending of funds for business organizations. Students enrolled in this program are given an in-depth understanding of general accounting concepts and their knowledge of auditing, taxation and spending strategies is refreshed.

Coursework involves delving into more complex realms of financial management, such as international financial reporting and forensic accounting. The program emphasizes organizational theories and leadership strategies devised to facilitate the management of general business situations apart from those focused on accounting practices. Core coursework may include topic areas such as:

•Business law
•Forensic accounting
•Risk assessment and management
•Management information systems
•Microeconomics
•Internal controls
•Accounting systems
•Macroeconomics
•Financial statement analysis

Career Choices

Armed with a Master of Accountancy (M.Acc.) degree, individuals can seek high-level employment in the financial management industry. They may choose from popular career options such as:

•Auditor
•Public accountant
•Financial analyst

Job and Wage Outlook

Over the 2012 – 2022 decade, a job growth rate of 13% has been predicted for accountants and auditors (U.S. Bureau of Labor Statistics). In 2012, these financial professionals brought in an average annual wage of $63,550 (BLS).

Certification and Continuing Education Choices

Once they have finished a master’s degree program, graduates can opt for continued education by enrolling in a doctoral program in accounting that involves in-depth research focused on chosen aspects of accounting while they seek advanced academic or industry careers.

Program graduates can seek professional certification in the form of a Certified Public Accountant credential. Accountants involved in filing reports with the Securities and Exchange Commission must compulsorily hold a CPA designation (BLS). Completion of 150 hours of coursework and passage of an exam will help achieve CPA certification.

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