Master of Science in Accounting

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EMBARK ON YOUR ACCOUNTING JOURNEY IN VIRGINIA WITH FXUA

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Master of Science in Accounting (MSAC) Degree Program Overview

Accountants play an integral role for individuals and businesses because they manage numerous financial tasks. The Master of Science in Accounting (MSAC) degree program at Fairfax University of America in the Washington, D.C., metropolitan area provides students and working adults with backgrounds in accounting, finance, management, and general business. Learn more about how our program in Virginia provides the operational and technical proficiencies necessary to obtain advanced positions in the field.

Master of Science in Accounting Degree Program Objectives

Our MSAC program teaches students the essential concepts of accounting theory and practice, enabling them to apply this knowledge across several business settings. Some of the specific skills you will develop by earning a master’s in accounting at Fairfax University of America include:

  • Assess accounting methods from ethical, legal, and regulatory standpoints while weighing the individual interests of stakeholders.
  • Communicate foundational accounting and tax principles verbally and in writing.
  • Create financial documents that comply with General Accepted Accounting Principles (GAAP) and recognize the relationships between balance sheets, cash-flow statements, income, and stockholder’s equity
  • Incorporate accounting concepts with technological systems to enhance value to organizations.
  • Investigate complicated financial and managerial accounting challenges and discuss possible solutions with decision-makers.

All courses are taught by talented faculty members who have experience in their respective fields. These professors receive additional training as curriculum and materials change, ensuring they provide the best instruction possible. Review the faculty directory to learn more about our instructors.

MSAC Degree Program Course Work

Students enrolled in the MSAC program will complete 12 courses and earn 36 credits. Thirty of these credits are devoted to core and elective classes and the remaining six are for thesis courses. Altogether, these classes give students the knowledge and competencies essential to becoming successful accountants.

If you do not have previous experience in accounting, business, finance, or management, or your bachelor’s degree is unrelated to business and management, you must take prerequisite courses to participate in the MSAC program. These courses come from the M.S. in Accounting Program and provide 15 credits overall.

See the curriculum overview below to learn more about the specific courses involved in this graduate-level program. This chart details the topics for each category and the number of credits received in each course.

MSAC Degree Program Requirements

To apply for our master’s in accounting program, you must fulfill our graduate program admission requirements. The admission criteria for students enrolling in a graduate program at Fairfax University of America include:

  • Submit an application.
  • Hold the appropriate level of education (baccalaureate degree or higher from an accredited U.S. academic institution).
  • Display college readiness (proficiency in English and prerequisite courses).
  • Exhibit character and experiential aptitude to participate in the program.
  • Provide proof of identification and eligibility (a government-issued ID that states your age).
  • Complete the Enrollment Agreement.

Students can provide supplemental information to help guide our decision to accept them into the program. For example, you can include a portfolio with your application to showcase the extent of your talents. Students also may offer a statement explaining discrepancies in transcripts from prior education.

International students may need to meet additional requirements and supply extra documentation.

Career Outlook With An Accounting Degree

Studying accounting can expose students to numerous career opportunities after graduation. According to the U.S. Bureau of Labor Statistics (BLS), this is an in-demand field that has thousands of openings each year. Our MSAC program creates a foundation for continuing education and leadership in various accounting and financial environments. You can expect to find the following positions at the director, executive, and management levels with a master’s in accounting degree:

  • Accounting Manager
  • Auditor
  • Budget Analyst
  • Chief Financial Officer
  • Corporate Controller
  • Environmental Accountant
  • Financial Analyst
  • Financial Controller
  • Financial Investigator
  • Financial Manager
  • Financial Planner
  • Forensic Accountant
  • Information and Technology Accountant
  • Internal Auditor
  • Payroll Staff Manager
  • Postsecondary Business Teacher
  • Risk Manager
  • Strategic Planner
  • Tax Specialist

Earn Your Master of Science in Accounting

When you enroll in our MSAC program, you gain affordable and business-focused instruction that equips you with the tools to gain a rewarding position in numerous financial settings. We take a student-centered approach to higher education, providing the flexibility they need with their studies to advance in professional careers.

Complete an application to enroll in classes at our Virginia campus in the Washington, D.C., metropolitan area. If you have questions about our MSAC program, you can also request information online.

MSAC CURRICULUM OVERVIEW

The Master of Science in Accounting Degree requires 36 academic credits, consists of two study areas that develop core competency in accounting field, and additional necessary knowledge and skills to become an accountant.

Area Number of Courses Credits
Core Courses 7 21
Elective Courses 3 9
Thesis courses 2 6
Total 12 36
Program Prerequisites

If an applicant does not have previous business and/or management background, finance and accounting experience and their bachelor’s degree is not related to business and management, he/she is required to take the following MS in Accounting Program prerequisite courses (5 courses, 15 credits):

Code Course Title Prerequisite Credits
STAT 200 Introduction to Statistics None 3
ACCT 201 Principles of Financial Accounting None 3
ACCT 202 Principles of Managerial Accounting ACCT 201 3
BUSS 303 Principles of Finance None 3
ENGL 120 Academic Writing and Research None 3
Core Courses (7 courses- 21 Credits)

This set of courses provides basic concepts, analysis and fundamental knowledge in auditing, taxation, financial reporting, business ethics and information systems within the accounting field. Every student must complete the following seven (7) courses:

Code Course Title Prerequisite Credits
MBA 511 Managerial Accounting and Finance ACCT 201, BUSS 303 3
MBA 605 Auditing None 3
MBA 608 Financial Reporting and Decision Making None 3
MBA 610 Taxation of Business Entities None 3
MBA 611 Business Ethics and Law None 3
MBA 654 Accounting Information Systems None 3
ACCT 600 Cost Accounting None 3
Elective Courses (3 Courses – 9 Credits)

To expand the knowledge and broaden the experience and skills in accounting field, students are required to complete three elective courses (9 credits) from the list below:

Code Course Title Prerequisite Credits
MBA 614 International Finance MBA 511 3
MBA 620 Long-term Financial Decisions MBA 511 3
MBA 621 Trading and Risk Management MBA 511 3
ACCT 601 Advanced Financial Accounting MBA 511 3
ACCT 602 International Accounting MBA 511 3
ACCT 603 Contemporary Topics in Accountancy None 3

NOTE: Students who wish to take a course that is offered by another graduate program outside of their major can petition to do so with permission from the instructor of the course and the Program Chair. Requests are considered based upon a student’s previous academic performance including meeting the minimum attendance requirements for previous courses and maintaining satisfactory progress.

Thesis Courses (2 courses, 6 credits)

Accountants are widely employed throughout practically every industry and every area of employment. Often serving as the essential source for financial data critical to the organization’s ultimate success, accountants may provide financial insights, which serve as the primary factor in making all other decisions. Through the thesis process, students will have an opportunity to demonstrate their ability to integrate accounting practices, various business models, and business operational procedures for the purpose of maintaining an organization’s fiscal, legal, and ethical stability as well as actualize their understanding through imperial research.

Code Course Title Prerequisite Credits
ACCT 698 Master Thesis I Completion of 5 Core & Dean’s Approval 3
ACCT 699 Master Thesis II ACCT 698 3

Interested in Our Master of Science in Accounting Program?

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