Master of Science in Accounting

 

DEGREE AT A GLANCE:

    • Number of Credits
    • 36
    • Cost Per Credit
    • $ 325
    • Total Tuition*
    • $ 11,700
  • *(Before Transfer Credit)
 

Program Description

The Master of Science in Accounting emphasizes the theoretical knowledge, practical skills, and research skills needed to address the complex accounting issues found in private corporations, governmental entities, public accounting and various types of not-for-profit organizations. This program extends the knowledge gained in an undergraduate accounting program to enhance skills in written communication, research, and complex problem solving. The successful completion of this program may satisfy the educational requirements for the Certified Public Accountant (CPA) exam. Educational requirements for the CPA exam vary by state. Students are responsible for checking on the requirements with the state board of accountancy where they expect to sit for the CPA exam.

    This program has specific admission requirements.

      The successful completion of APUS programs and courses may or may not satisfy the educational requirements for the Certified Public Accountant (CPA) exam. Educational requirements for the CPA exam vary by state. Students are responsible for checking the requirements of the state board of accountancy where they expect to sit for the CPA exam and where they desire to ultimately be licensed. Contacts for the state boards of accountancy may be found on the National Association of State Boards of Accountancy website (http://nasba.org/stateboards/).

        Under the rules of the Texas State Board of Public Accountancy, at least 15 hours of upper-level accounting course work must result from physical attendance at classes meeting regularly on the campus of the transcript-issuing institution. Completion of APUS’s accounting programs and coursework may not meet the education requirements to sit for the CPA exam or obtain a CPA license in Texas. Individuals wishing to sit for the CPA exam or obtain a CPA license in Texas should check with the Texas State Board of Public Accountancy to determine their eligibility and for additional requirements that may apply (https://www.tsbpa.state.tx.us/).

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Program Objectives

  • Research and appraise historic, current, and developing authoritative standards in accounting and apply them appropriately to complex financial transactions.
  • Utilize Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) to produce and interpret financial statements for various types of organizations.
  • Demonstrate knowledge of the ethical framework for accountants adopted by professional accounting organizations, such as the American Institute of Certified Public Accountants (AICPA) and the Institute of Management Accountants (IMA).
  • Analyze, evaluate, and organize financial data to facilitate managerial decision making.
  • Conduct an in-depth analysis of an organization's financial information and provide a written assessment of the results.

Master of Accounting

To enroll in our Master of Science in Accounting program, you must provide an official transcript of your completed bachelor’s or master’s degree which shows proof of completion of this required coursework:

  1. Six credit hours in Intermediate Accounting
  2. Three credit hours in Individual Federal Taxation

Preadmission courses must be grade C or better at the undergraduate level; B or better at the graduate level.

If your bachelor's degree is NOT accredited by the Accreditation Council for Business Schools and Programs (ACBSP), the Association to Advance Collegiate Schools of Business (AACSB), or the International Assembly for Collegiate Business Education (IACBE), your required first courses here will be:

  • BUSN601 - Global Business Management
  • BUSN602 - Managerial Analysis
  • BUSN 603 - Quantitative Analysis

If you have a bachelor's degree in a business program that is accredited by ACBSP, AACSB, or IACBE, you are NOT required to take the courses listed above, and instead may take 3 graduate-level elective courses. Your admissions representative will review your bachelor's transcript to verify this information.

Send your official transcripts to:

American Public University System
Attn: Document Services
10110 Battleview Parkway, Suite 114
Manassas, VA 20109

 
Core Requirements
24 Hours
NAME
DESCRIPTION
CREDITS
ACCT602
Financial Statement Analysis
3 hours

A study of the techniques used to interpret and analyze financial statements effectively. Managers, accountants, investors and analysts often perform analytical procedure to learn more about what is being reported by public corporations. The viewpoint is that of the user of financial statements. This course is designed primarily for students who expect to be intensive users of financial statements as part of their professional responsibilities. Students must have access to Microsoft Word and Microsoft Excel software. Prerequisite: ACCT601

Pre Reqs: Intermediate Accounting II(ACCT601)

ACCT605
Cost Accounting
3 hours

A basic analysis of accumulating and reporting of costs of operations, budgets and other tools of management for measuring profitability of a business enterprise are studied. Emphasis is given to the various cost systems —job order, process cost, standard cost and variable costing. Students must have access to Microsoft Word and Microsoft Excel software. (Prerequisite: ACCT601).

Pre Reqs: Intermediate Accounting II(ACCT601)

ACCT606
Advanced Auditing Topics
3 hours

This course covers the knowledge and understanding of the following professional standards: Auditing standards promulgated under U.S. GAAS [related to audits of an issuer (a public company), a non-issuer (an entity that is not a public company), government entities, not-for-profit entities, and employee benefit plans], standards related to attestation and assurance engagements, and standards for performing accounting and review services. Prerequisite – ACCT610

Pre Reqs: Advanced Accounting(ACCT610)

ACCT610
Advanced Accounting
3 hours

An advanced analysis of accounting theory and practice designed to prepare the accounting major for complex problems that arise from partnerships, consolidations and mergers, receiverships, and governmental units. Also a study of the theoretical and practical approach of accounting, budgeting, reporting and auditing for governmental units, colleges and universities, hospitals and other not-for-profit organizations. Students must have access to Microsoft Word and Microsoft Excel software. (Prerequisite: ACCT601).

Pre Reqs: Intermediate Accounting II(ACCT601)

ACCT612
International Accounting
3 hours

A study of financial reporting for international firms who operate in the global environment. Course topics include International Financial Reporting Standards (IFRS), auditing the global firm, financial reporting outside of the United States, international financial disclosure issues, accounting harmonization, ethics, foreign exchange, and cultural issues. Students must have access to Microsoft Word and Microsoft Excel software. Prerequisite: ACCT601

Pre Reqs: Intermediate Accounting II(ACCT601)

ACCT615
Individual Tax Research and Planning
3 hours

A study of income determination and concepts for individuals with emphasis of the impact of taxation on personal and/or business decisions, elementary research techniques, and an understanding of the IRS tax code. Students must have access to Microsoft Word and Microsoft Excel software. NOTE: Students should have previously completed academic coursework in Individual Federal Tax prior to taking this course. Prerequisite: ACCT601

Pre Reqs: Intermediate Accounting II(ACCT601)

ACCT616
Advanced Federal Taxation
3 hours

This course is a continuation of ACCT615 Individual Tax Research and Planning for students with an interest in continuing their study of Federal Taxation. The course will consider tax reporting issues for regular C Corporations, S Corporations, and Partnerships. A brief introduction to International Tax transactions and Federal Estate and Gift Taxes is included. Students must have access to Microsoft Word and Microsoft Excel software. (Prerequisite: ACCT615)

Pre Reqs: Individual Tax Research and Planning(ACCT615)

ACCT620
Forensic Accounting
3 hours

A survey of the rapidly developing and increasingly relevant discipline of forensic accounting with emphasis on such topics as identifying fraudulent financial statements, skimming, cash larceny, check tampering, billing schemes, payroll and expense reimbursement irregularities, non-cash misappropriations, corruption, and interviewing witnesses; emphasis on the techniques for detecting, measuring and preventing fraud from an analysis of organizations such as WorldCom, Enron, Cendant, Adelphia, Freddie Mac, Fanny Mae and others. Students must have access to Microsoft Word and Microsoft Excel software. (Prerequisite: ACCT610).

Pre Reqs: Advanced Accounting(ACCT610)


Institutional Requirements
9 Hours
NAME
DESCRIPTION
CREDITS
BUSN601
Global Management Perspective
3 hours

This course examines issues and functions that business managers face within the context of day-to-day operations and long-term planning of the organization. Topics include strategic management, legal issues, marketing, law and ethics, and global dimensions of businesses.

BUSN602
Managerial Analysis
3 hours

This course introduces fundamental concepts of accounting principles, financial tools, and economic analysis for effective managerial decision-making. Topics include the role of the financial manager in the organization, concepts, and principles underlying financial accounting practices, financial statement analysis, budgeting, and economic analysis for decision makers.

BUSN603
Quantitative Analysis
3 hours

This course explores management problems and the role of decision-making models and tools in resolving business problems. The application and use of information systems in decision-making is assessed. Students apply system and quantitative analysis to an integrated case study.


Final Program Requirement
3 Hours
NAME
DESCRIPTION
CREDITS
ACCT699
Financial Accounting Theory Capstone
3 hours

This course is a study of the accounting function, its role in society, and the theory that provides the underpinning for modern financial reporting. The course will provide an understanding of Generally Accepted Accounting Principles and how these principles affect financial accounting and reporting for business entities. Topics covered include revenue recognition principles, accounting for leases, accounting changes, error corrections, and other related topics. All courses must be taken prior to the capstone course. Students must have access to Microsoft Word and Microsoft Excel software.This course may not be taken until all other courses are COMPLETED and student has a 3.0 GPA.


Graduate Electives
0 Hours
Electives are typically courses available at your degree level that are not currently required as a part of your degree program/academic plan. Please visit the catalog to view a complete listing of courses.

Program Completion Rates, Median Debt and More

View more details regarding our graduation rates, the median debt of students who completed the program, and other important information.

 

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