The Master of Accounting is designed to prepare students for jobs in public accounting. The degree helps students achieve the 150 total credit hours required by most states before taking the Uniform Certified Public Accountant Examination. The program usually consists of a combination of graduate courses in accounting, management, tax, leadership and other graduate business electives. The Master of Accounting degree provides strong knowledge of accounting principles and business applications. Students who complete their Master of Accounting degree can expect to earn an average $67,190, according to the Bureau of Labor Statistics. Note: Certified public accountants are licensed by a state board of accountancy. To earn your CPA license, you are required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam, and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice. If you decide to complete an online Master of Accounting degree, you should first check on your state licensing requirements, to be sure that the program you choose meets your state specific requirements.
Many Master of Accounting programs offer a concentration in Taxation; students seeking specific expertise in wills and estates over gaining the additional accounting hours required to sit for the CPA exam might prefer to take the Master of Taxation instead of the Master of Accounting. The Master of Taxation degree introduces you to key concepts, rules and practices in income taxation for individuals, corporations, and partnerships. It also generally covers excise tax on estates and goods. We have a complete list of online Master of Taxation programs - contact us!