Masters Degree in Accounting
A Masters Degree in Accounting is one of the most sought after and versatile advanced degrees in today’s workplace. This advanced degree can significantly increase your income beyond what you would make with a bachelor’s degree and prepares you for the certification exam to become a Certified Public Accountant (CPA) or Certified Managerial Accountant (CMA). The individual with a masters in accounting can work in almost any industry imaginable, since accounting and bookkeeping are central to the success of any business. With a masters of accounting you can work in the public or private sector, for government entities or non-profit organizations. In fact, the U.S. government estimates that the need for accountants will increase by almost 40% by 2016.
An accounting masters degree sometimes allows the student to specialize in a particular area such as payroll management, tax law or international finance, increasing the value of your education in particular areas. These specializations in addition to a CPA or CMA license can put you in high demand.
What Do You Learn in a Masters in Accounting Program?
Coursework in accounting, particularly at the Masters level, is highly focused and covers a wide range of topics. In addition to accounting theory and practice, you’ll learn advanced methods of managing accounts payable and receivable, bookkeeping and auditing. You’ll also be introduced to a variety of computerized bookkeeping and auditing programs and information systems management software for accounting purposes.
Analyzing, tracking and documentation of business accounting data and procedures are taught through classroom work and hands-on practice. You may also learn business appraisal and valuation, cost management and risk management for today’s business models. You’ll also learn small business and international finance, business economics and statistics in order to predict trends and manage accounting problems. Auditing procedures and forensic accounting are two possible areas of specialization for anyone pursuing a Masters Degree in Accounting.
Who Would Enjoy a Masters Degree in Accounting?
If you have a love of mathematics and numbers, consider studying for a masters in accounting. You’ll be immersed in the study of math and statistics and how they impact business and learn a skill that makes you extremely valuable to businesses and government organizations around the world. Attention to detail, organization and a love of solving puzzles are all traits that make for a good accountant, particularly for large companies where tracking and managing multiple accounts means you must focus on the details as well as the big picture.
One of the best things about this type of degree is that you can easily pursue an online master of accounting while you continue to work at your current job. Much of the coursework can be done independently and submitted to an online university or college. By getting an online Masters in Accounting, you will gain a valuable degree that can help you move into management or an executive level position with almost any employer.
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