Master of Science (MS) in Accounting
Are you thinking about pursuing a Master of Science in Accounting? An online degree from Western International University® (West) is rigorous but manageable for working adults. (An on-campus option may also be available; contact a student advisor for details.)
The Master of Science degree in Accounting is designed to provide students with the academic background necessary to seek advanced positions in industry, government, and non-profit organizations, including companies doing business internationally. To ensure appropriate technical expertise, students will be exposed to courses such as International Accounting, Advanced Auditing, Advanced Consolidation Accounting, Legal and Ethical Environment of Accounting, Multinational Taxation, Forensic Accounting, and Accounting Theory and Research.
The Master of Science in Accounting will also address the planned change from Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS). The program provides the knowledge needed for the business accounting function as well as a foundation to take the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) exams.
Each state sets forth standards required to be eligible to take the CPA exam and apply for licensure or certification as a CPA. The Certified Management Accountant (CMA) certification requires membership in the Institute of Management Accountants (IMA) as well as education, work experience, and examination requirements. While the programs at West are designed with consideration for the standards proposed by the National Association of State Boards of Accounting (NASBA) and the American Institute of Certified Public Accountants (AICPA) and the IMA, West cannot assure that successful graduates will meet their states' or IMA's specific eligibility requirements to take the CPA or CMA exams or apply for licensure or certification as a CPA or CMA. Applicants should check with their appropriate state organization and/or the IMA to determine if the West program, combined with their undergraduate degree, work experience, and any other specific criteria, meets examination and licensing eligibility requirements for the CPA and/or CMA designations. State and/or IMA requirements may vary from the time of admission to program completion. There is no assurance at the time of program completion that the specific jurisdiction's requirements will be consistent with the requirements at the time of admission.
This program is designed for the student with few or no undergraduate credits in accounting. Although students in the Master of Science in Accounting program would greatly benefit from having an undergraduate degree in a business discipline, it is not required.
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- Apply differences between Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) as they relate to companies doing business both domestically and internationally.
- Evaluate the appropriateness of the internal control environment and recommend changes necessary for audit compliance.
- Utilize current accounting information tools to assist with auditing and to make sound business decisions.
- Identify legal and ethical issues in accounting as they pertain to both domestic and international businesses.
- Distinguish among the various types of financial statement fraud and make recommendations for how to detect and prevent fraud within the organization.
- Apply federal, state, and payroll tax regulations for individual and corporate tax compliance.
- Demonstrate technical competencies of partnership accounting and the accounting treatment for consolidations, including those taking place in the international business setting.
- Analyze issues that pertain to effective tax planning for multinational corporations and manage business decisions accordingly.
- Apply global finance tools in conjunction with accounting methodologies that are necessary to maintain a corporate perspective of the international and domestic business environments and the financial management of a multinational corporation.
- Identify current tools used in accounting research and demonstrate how they aid effective problem solving.
- ACC 301 Financial Accounting
- ACC 302 Managerial Accounting*
- ACC 601 Intermediate Accounting Applications I
- ACC 602 Intermediate Accounting Applications II
- ACC 618 Advanced Auditing*
- ACC 623 Forensic Accounting*
- ACC 622 Federal Taxation*
- ACC 642 Multinational Taxation*
- ACC 675 Advanced Consolidation Accounting*