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Master of Science in Accounting
DEGREE AT A GLANCE:
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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.
Program Objectives
Admission RequirementsStudents enrolling in APUS’s Master of Science in Accounting must provide an official transcript of their previously completed Bachelor’s or Master’s degree and meet both of the following:
If the accounting or math-specific requirements are not noted in the official Bachelor's or Master's transcript, the student must provide official copies of their university transcripts which show the appropriate coursework. *Students who have not completed the appropriate accounting courses may take ACCT695-Accounting Theory and Concepts as an elective in the MS in Accounting to meet this requirement †Preadmission courses completed at the Undergraduate level must be graded C or better; B or better at the Graduate level. Have Questions? Core Requirements 24 Hours NAME DESCRIPTION CREDITS ACCT600 Intermediate Accounting I 3 hours A comprehensive study of the financial statements, with special emphasis on valuation of each class of asset. Also reviewed are the concepts and principles underlying accounting and their application in the accounting process. Students must have access to Microsoft Word and Microsoft Excel software. ACCT601 Intermediate Accounting II 3 hours A continuation of Intermediate Accounting I, emphasizing liability and stockholders’ equity accounts, revenue recognition, inflation accounting, statement of cash flows and financial analysis are included. Students must have access to Microsoft Word and Microsoft Excel software. (Prerequisite: ACCT600). Pre Reqs: Intermediate Accounting I(ACCT600) 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: ACCT 695 or an equivalent graduate level course in Principles of Accounting. Pre Reqs: Accounting Theory and Concepts(ACCT695) 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) 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: ACCT600 Pre Reqs: Intermediate Accounting I(ACCT600) 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. 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) Final Program Requirement 3 Hours NAME DESCRIPTION CREDITS ACCT630 Financial Accounting Theory Capstone 3 hours 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 core courses must be taken prior to the capstone course. Students must have access to Microsoft Word and Microsoft Excel software. Capstone courses are NOT included in the university retake policy. All grades for any capstone attempts will appear on transcript and will be calculated in GPA Graduate Electives 9 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. |
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The following program details are intended to help you make an informed decision about the university that's right for you.
For more information on jobs related to this program, please click on the below links to the O*NET website sponsored by the U.S. Department of Labor. American Public University System (APUS) makes no representation or guarantee that successful completion of an APUS program or coursework will result in employment within a particular field. Many employers take into account various criteria, in addition to education, when determining eligibility for employment. To assist our students in their career search, the APUS Office of Career Services provides students and alumni a variety of tools, resources, information, and guidance to assist them as they pursue their life goals. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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