Online accelerated master's programs in accounting can generally be completed in about 1 year; however, some programs could be completed faster or slower, depending on the specific program and your preferred pace. These types of online accounting programs feature online classes in a range of subjects, such as taxation, auditing, and financial reporting. In this article, you can learn about specific kinds of courses you could take in an online accelerated master's program in accounting as well as information on how to apply to these programs.
Common Coursework for Master's in Accounting Programs
Typically, accelerated online master's programs in accounting require around 30 total credits. Your exact coursework requirements will depend on your chosen program; however, below you can find some common classes and subjects that make up the curriculum of accounting master's programs.
Managerial accounting courses typically focus on different topics and issues regarding how to make accounting decisions and develop a strategy. Specific concepts you could study include cost measurement concepts, cost allocations and pricing decisions, production costs, and life-cycle costs. You might also learn how to use cost data and decision-making methods to manage customer issues, to plan and budget, and to assess performance.
Forensic accounting is the study of taxation fraud. In a class of this type, you will learn the basics of forensic accounting, including computer data-analysis techniques, how to investigate fraud cases, and how to collect and use digital evidence. You could also study the different legal aspects of accounting fraud.
Federal Taxation of Individuals
You might also take a class that will give you a foundational understanding of the federal tax system. This is generally a wide-ranging course in terms of covering the tax laws applicable to individuals and unincorporated business. You will study such topics as the determination of tax liability, concepts of income, and how different deductions work.
Taxation of Corporations
A course on various topics focusing on taxation in the context of corporations also is usually required for master-level accounting programs. In a class of this kind, you could study a wide range of tax issues that affect corporations from formation to liquidation as well as acquisitions, mergers, reorganizations, partnerships, and liabilities. You usually study both S and exempt and regular corporate taxation as well.
Typically, in your accounting master's program, you will take a course that covers different auditing concepts and techniques. This class aims to teach you how to perform analytical procedures, assess risk, and produce auditing reports. You could also study current problems and issues in the auditing profession.
Finally, you could take a class that centers on how to prepare and use financial accounting materials and information. Generally, you learn how financial information moves through an accounting system, and you could learn how to use and understand income statements, balance sheets, and cash flow statements. In addition, you could study measurement and reporting requirements as well as how to use financial information for decision-making.
Admittance Information for Master's in Accounting Programs
To apply to an online accelerated accounting master's program, you must hold a bachelor's degree. Next, many but not all programs, also require GMAT or GRE scores. However, some programs may offer a waiver if you have a graduate degree, meet a minimum GPA requirement in your undergraduate career, or have significant professional experience. You must also submit transcripts, letters of recommendation, a resume, a personal statement, and a limited number of programs require an interview.
Online accelerated master's programs in accounting are able to be completed in as little as 1 year of study. During your accelerated program, you could take online classes that center on auditing, taxation, and financial reporting.