Best Programs for Master’s in Accountancy in the US

Master’s in Accountancy in the US

The Master’s in Accountancy in the US is a graduate-level program providing advanced knowledge and skill in the field of accountancy. US programs generally aim to strike a balance between imparting a high level of technical skill and the cognitive and personal skills that are crucial to success. Master’s in Accountancy at US schools tend to be academically rigorous and excellent preparations for the business world.

What Is a Master’s in Accountancy?

In the US, a Master’s in Accountancy is a post-graduate degree that usually takes about one year to attain if studying full time. Many programs accept students with accountancy-related undergraduate degrees or experience, as well as students who do not have this background. The typical curriculum includes foundational courses aimed at students with little or no prior accountancy knowledge. Students entering the program from a more advanced background may have the option of skipping the foundational courses in favor of more advanced electives or practical projects. The curriculum at many US accountancy programs may include courses such as:

  • Accounting Analysis
  • Federal Taxation
  • Managerial Accounting
  • Auditing
  • Corporate Taxation
  • International Taxation
  • Assurance Standards
  • Financial Reporting
  • Risk Measurement

Many programs also offer a CPA Exam preparation course at no additional charge.

In addition to academic work, US programs tend to emphasise the practical skills necessary for successful accountancy graduates. With this in mind, students can expect to practice oral and written presentation skills and work on joint projects with students and faculty in the accountancy and other departments. Many schools enhance the accountancy curriculum with special workshops, guest lectures and presentations addressing various aspects of accountancy practice and theory.

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

Accountancy programs at US schools tend to be focused on producing successful graduates who are fully equipped to navigate the business world, whether in the US or internationally. Many programs have a strong career promotion component, with guidance that includes leadership coaching, job search advice and professional mentoring by the accountancy faculty members. This level of support is helpful in giving students confidence in their skills and abilities.

US Accountancy programs also cover a broad spectrum of relevant topics, including both US-specific laws and international regulations. Whether a graduate intends to join a company in the US or elsewhere, there are few businesses that are completely divorced from international implications. US programs usually include the study of international tax regulations, auditing regulations and compliance requirements. In today’s global environment, this knowledge is essential for any accountancy professional.

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

According to US News and World Report, many types of employers are increasing their recruitment of Master’s in Accountancy graduates. Employers view this degree as signifying reliability and credibility. Graduate degrees in accountancy, in particular, are seen as imparting important professional skills such as communication and analytical reasoning that are crucial assets in any business arena.

Most Accountancy graduates go on to work with large public accounting firms, focusing on either taxation or auditing. In the realm of taxation, many focus on compliance work, where they review tax returns, implement tax compliance programs and help companies and individuals adhere to relevant laws. Another popular field is tax analysis, where tax professionals analyse a company’s or individual’s finances and advise them as to potential tax liability.

Graduates who go into auditing at a public accounting firm perform the role of an external auditor, reviewing organisations’ financial statements for accuracy and compliance. Those with an interest in the auditing side of the profession may also join the accounting department of an organisation and work as an internal auditor.
Some graduates choose to seek employment with government agencies, consulting firms, manufacturers or non-profit organisations. They may use their accountancy knowledge as well as general business skills to perform a variety of roles in these settings. Government employees may oversee and audit budgets and financial statements. They may also work for a state or federal revenue service, or as a forensic accountant assisting in criminal prosecutions for crimes such as money laundering, financial fraud, fraudulent bankruptcies and others.