Master’s in Accountancy

Master’s in Accountancy

Many schools offer Master degree programs in Accountancy for students who wish to obtain an advanced understanding of accounting principles, problems and approaches to solutions. The curriculum covers accounting doctrine, the various types of accounting and the diverse contexts in which accounting principles are applied. Students gain the ability to identify and address accounting issues with a full understanding of the surrounding contexts and ramifications. This program is suitable for those whose goals include professional practice as an accountant.

What Is a Master’s in Accountancy?

A Master’s in Accountancy is an advanced degree that provides an in-depth exploration of the various facets of accounting practice. The curriculum examines the basic principles of accounting; once students have mastered that, they go on to explore deeper and more complex accounting issues. Students also gain an understanding of the various contexts in which accounting issues may arise. Many programs offer concentration tracks for those who want to practice in particular area. A typical curriculum may contain courses such as:

  • Accounting Principles and Standards
  • Accounting Information Systems
  • Accounting Research
  • Ethics and Professional Responsibility
  • Financial Accounting
  • Auditing
  • Financial Reporting Requirements
  • Taxation
  • Business Law
  • Communication and Analysis in Accounting

Students may select concentrations in areas such as taxation, forensic accounting and international business accounting. The taxation track focuses on learning the tax laws and regulations of the school’s country as well as general principles of taxation for multinational entities. Forensic accounting is an area that studies topics such as fraud detection, audits, internal compliance programs, data management, financial statements and mandatory disclosures. Courses focusing on international business explore accounting for various types of multinational corporations, businesses and non-profit organisations.

Master’s in Accountancy programs usually do not require an undergraduate degree in accounting. However, students must show proficiency in subjects that typically include:

  • Algebra
  • Basic Microeconomics
  • Basic Macroeconomics
  • Financial Management

Some programs offer students the opportunity to catch up on prerequisite during the program itself.

What Are the Benefits of Getting a Master’s in Accountancy?

In addition to a rigorous accountancy education, Master’s in Accountancy students acquire a broad range of highly marketable skills. They develop a high degree of attention to detail and close statistical and data analysis. Research skills, oral and written communication and effective presentation are also among the qualifications imparted by an Accountancy program. Master’s in Accountancy programs also develop the ability to formulate goals, solve complex problems and contextualise issues for a maximally effective approach.

What Kind of Career Can You Expect With a Master’s in Accountancy?

Most Master’s in Accountancy graduates go on to work as accountants. Depending on the specific area, they may need to undergo standardised testing and meet other requirements for professional certification. This Master’s degree program provides the skills and knowledge necessary for success in the field.

Professional accountants work in many different sectors. Potential employers may include:

  • Accounting firms
  • Corporate accounting departments
  • Small businesses
  • Non-profit organisations
  • Community centres
  • Religious institutions
  • Universities
  • Healthcare providers
  • Government revenue services
  • Government healthcare regulation agencies
  • Corporate oversight agencies
  • Fraud prosecution offices

Some graduates of the Master’s program choose to focus on research in specialised accounting topics. They may work with policy institutes, universities or independent research companies. Some also choose to teach at the university level.