Master’s Degree in Accounting

A Master’s Degree in Accounting is a specialized graduate degree that is provided by most colleges and universities. This degree is also known by several colleges as Master of Accountancy degree, a Master of Science in Accountancy degree, or a Master of Professional Accountancy degree. This degree is generally provided by a university or business school. Main objective of a graduate stage accounting course is to allow a student to finish accounting program, that imparts him to sit for a CPA exam, or qualified public accounting exam.

Many states needs the finishing point of one hundred fifty hour praises of undergraduate and graduate stage accounting programs as an aptitude to sit for the CPA exam. Students with a Bachelor’s Degree in Accounting regularly do not have sufficient praises to sit for the CPA exam. Public with a Bachelor’s Degree in Accounting and no graduate stage program work can still professional for the CPA exam if they have two years of work skill in the accounting area. Several people receive a Master’s Degree in Accounting to assist prepare them for other qualified accounting examinations. 

Benefits of Master Degree in Accounting:

The additional education you have as an accountant, the enhanced salaried you are likely to be. An accountant with a master’s degree and some years of practice can finish up effective in management or several other high-level positions. These positions generally get six-figure pays, plus advantages. A bachelor’s degree is the less necessity to profession for an entry-stage position. You could also profession for several mid-stage jobs with an undergraduate degree. As well as high salary and right of entry to top positions, a master’s degree in accounting provides:

1. Better Preparation for the CPA Exam: The M. Acc prepares students superior for the Certified Public Accountant (CPA) licensing examination. In several situations, such as Arkansas, a M. Acc or graduate degree in company with an accounting hub are powerfully suggested to prepare for examination.
2. Management Training: Equally the M. Acc and MBA prepare students to job in management places. Companies infrequently appoint undergraduate degree possessors for these positions.
3. The Opportunity to Start Your Own Business:  An MBA with a hub in accounting instructs you how to begin and run a business. An M. Acc prepares students as superior for professions in management but faces themes such as presentation extent and superior managerial accounting, while an MBA faces themes such as international business and strategic management.

Course Structure of Master Degree in Accounting:

The Master’s Degree in Accounting, Financial Monitoring and Auditing (AFMA) is a qualified training master’s course intended to prepare students for professions in financial and accounting regulations or business and/or to perform these disciplines separately as accountants, auditors and financial monitors. Specified the detailed content of the program, the AFMA master’s degree does not have any linked particular subject alternatives. The AFMA master’s degree permits students to finish, by similarly, five of the seven imparting units needed to get the Advanced Diploma in Accounting and Management, the national prerequisite needed to become a chartered accountant or lawful auditor.