As a graduate of a Master of Accountancy (MAcc) program with a specialization option in taxation, one can work in several accounting roles or earn a certification. This program may give students the necessary number of college credits to sit for the Certified Public Accountant (CPA) exam in their state. Students can specialize in taxation, government regulations, tax codes, and compliance.
Applicants to these degree programs are required to have at least a bachelor's degree from an accredited college or university. Prospective students who have not completed foundational courses in accounting, economics and taxation as undergraduates may be required to take these courses before beginning their official graduate-level studies.
Master of Accountancy (MAcc)
Students can receive intensive classroom instruction in addition to interactive instruction, such as research seminars. They may also study a variety of subjects related to accounting, such as law, business and finance. Course topics may include:
- Accounting management
- Individual taxation
- Corporate taxation
- Cost accounting
- Financial accounting
Popular Career Options
Graduates of a master's degree program in accounting may work in a variety of professional capacities, including consulting, financial planning, information technology, tax planning and auditing. Their occupations may include:
- Management accountant
- Public accountant
- Forensic accountant
- Internal auditor
Employment Outlook and Salary Information
Accountants and auditors earned an annual median salary of $67,190 in 2015, according to the U.S. Bureau of Labor Statistics (BLS). These professionals could expect faster-than-average growth in available jobs from 2014 to 2024, with an 11% increase projected by the BLS.
Continuing Education and Certification Information
Most states require that accountants complete 150 credit hours of coursework before sitting for the CPA examination, which can be accomplished through a master's degree program. The CPA designation can offer accountants a professional advantage in the field and can qualify them to interact with the Securities and Exchange Commission.
Beyond the master's degree level, accounting students can continue their studies to the doctoral level by completing a Ph.D. in Accounting. Such a program can prepare students to enter academic or research-based positions, and can include studies in subjects like market operation or institution operation.
Master of Accountancy students can concentrate on taxation as a specialty. These students participate in research seminars along with classroom coursework covering topics such as individual taxation and corporate taxation.