A Master of Business Administration (MBA) in Professional Accountancy degree program provides an advanced overview of taxation, accounting principles, corporate finance and regulatory compliance issues. Students learn to audit the financial records, prepare financial reports and file tax returns for businesses and individuals. Other topics of study include Generally Accepted Accounting Practices (GAAP), corporate law, and management strategies. Many of these 18-month programs are available online; others are offered through evening classes.
MBA in Professional Accountancy
General MBA coursework provides students with an overview of management, information systems, leadership practices, organizational theory, marketing, business law, and statistics. Courses that are specific to professional include:
- Intermediate and advanced accounting
- Income tax
- Financial instruments
- Corporate governance
- Cost analysis
Employment Outlook and Salary Info
In order to work as account or auditor for the public or for the Securities and Exchanges Commission (SEC), master's degree graduates must first become licensed CPAs. For this, they must pass a state-administered exam.
The U.S. Bureau of Labor Statistics (BLS) predicts that employment for accountants and auditors will increase by 11% between 2014 and 2024, faster than the national average for all occupations, because of globalization, economic growth, and an increasingly complicated tax and regulatory environment. In 2015, the mean annual salary for accountants and auditors was $75,280, according the BLS.
Overall, an MBA in professional accountancy provides students with the general business expertise and specific accounting skills necessary to pursue CPA licensure and careers in the field.