Master of Science in Accounting

The Master of Science in Accounting is a degree for students with a bachelor’s degree in accounting or another closely related field. This program aims to provide strong theoretical foundations and professional skills in the main functional areas of accounting, including financial reporting and assurance, management control and auditing, taxation, and forensic accounting. In addition, this program is designed to help graduates prepare for careers in public accounting, industry, government or not-for-profit organizations. Accountants and auditors help to ensure that organizations are run more efficiently, public records are kept more accurately, and taxes are paid properly and on time.

Relevant Institutional/Programmatic Accreditation
CTU is institutionally accredited by the Higher Learning Commission www.hlcomission.org
This business degree program at CTU is accredited by the Accreditation Council for Business Schools and Programs (ACBSP)

  • Classes start

  • Total Credits 

    48
  • Program Availbility

    Online | Colorado Springs | Denver

Program Details

Program Outline
Courses
Career Paths
Alumni Experience
Employer Experience
  • Program Outline

    The core courses for the Master of Science in Accounting degree are focused on providing a holistic overview of industry-relevant skills to those who aspire to work in accounting. Core courses include:

    • Applied Managerial Accounting
    • Taxation and Business Decisions
    • Advanced Cost Accounting
    • Financial Reporting
    • Accounting Information Systems
    • Advanced Auditing
    • Management Control and Auditing
    • Forensic Accounting
    • International Financial Reporting Standards
    • Applied Managerial Economics
    • Applied Managerial Finance
    • Applied Managerial Decision-Making

    View this degree in the catalog for a full course listing.

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  • Courses

    Degree Requirements
    Courses: Core
    ACCT614 Applied Managerial Accounting

    4

    ACCT618 Taxation and Business Decisions

    4

    ACCT624 Advanced Cost Accounting

    4

    ACCT628 Financial Reporting

    4

    ACCT634 Accounting Information Systems

    4

    ACCT638 Advanced Auditing

    4

    ACCT644 Management Control and Auditing

    4

    ACCT648 Forensic Accounting

    4

    ACCT655 International Financial Reporting Standards

    4

    ECON616 Applied Managerial Economics

    4

    or
    ACCT640 Ethics in Accounting

    4

    FINC615 Applied Managerial Finance

    4

    MGMT600 Applied Managerial Decision-Making

    4

    TOTAL CREDIT HOURS: 48
    Accounting courses at CTU align with the educational standards of the American Institute of Certified Public Accountants (AICPA). The student who meets the unique content and hours requirements of the State Board of Accounting in their state's Application for CPA Licensure is qualified to sit for the CPA exam. This program curriculum also integrates the competencies and body of knowledge in the Certified Managerial Accounting (CMA) exam. This program is not designed to prepare students for the CPA or CMA examination or any other certification exam, but covers the knowledge areas of the uniform CPA and CMA certification.

    ACCT614 Applied Managerial Accounting

    This course focuses on using available accounting information to help managers of the firm make relevant decisions. Examines how the financial information developed for external users forms the basis for the managerial accounting system. Explores costing systems, cost behavior analysis, responsibility accounting and volume-profit relationships.

    Prerequisites

    MGMT502  for MBA program only

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT618 Taxation and Business Decisions

    The course covers the relationship between managerial decision-making and taxes. Students will explore the taxation of different types of business entities and the individuals involved with the entities. Emphasizes the impact of tax considerations in business decisions such as compensation, mergers, acquisitions, and divestitures.

    Prerequisites

    None

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT624 Advanced Cost Accounting

    This course examines strategic cost management theories and applications required in management planning and control. Topics include cost allocation, product costing, activity-based costing, operation control and other cost control systems.

    Prerequisites

    ACCT614 or Approval

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT628 Financial Reporting

    This class focuses on a comprehensive examination of financial statements and accounting reporting standards. Students will gain an understanding of the information provided in corporate annual reports and how to evaluate the financial performance of an entity.

    Prerequisites

    ACCT614

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT634 Accounting Information Systems

    The student will examine advanced concepts, skills, and applications of accounting information systems. The course provides an examination of database systems, security methods, and advanced technology in accounting systems.

    Prerequisites

    ACCT628 or Approval

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT638 Advanced Auditing

    The student will cover advanced topics on auditing procedures and standards. Topics include audit objectives and planning, transaction cycles, audit review and documentation, and the preparation of the final audit report. Additionally, the student will become familiar with audit theory and professional code of practice.

    Prerequisites

    None

    Corequisites

    None

    Credits

    4

    Distribution

    Business

    Notes

    Not available online.
    ×

    ACCT644 Management Control and Auditing

    This course covers advanced auditing procedures and standards, as well as management control systems. Audit objectives, cycles, review, documentation, theory, and professional code of practice are covered. Other topics include risk assessment techniques, management control systems, and organization for control.

    Prerequisites

    None

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT648 Forensic Accounting

    This course is a comprehensive exploration of forensic accounting as a proactive approach to preventing, detecting, and investigating accounting disputes or irregularities.

    Prerequisites

    ACCT638 or Approval

    Corequisites

    None

    Credits

    4

    Distribution

    Business

    Notes

    Not available online.
    ×

    ACCT655 International Financial Reporting Standards

    This is a graduate level overview of International Financial Reporting Standards intended for students in the Master of Science in Accounting program who are preparing for the Certified Public Accountant (CPA) examinations. The course will cover the structure of International Financial Reporting Standards (IFRS), similarities and differences between IFRS and United States Generally Accepted Accounting Principles (US GAAP), issues for U.S. companies arising out of converting to IFRS, issues for converting accounting information systems to IFRS and regulatory issues for global IFRS reporting.

    Prerequisites

    ACCT614 or  ACCT634

    Corequisites

    None

    Credits

    4

    Distribution

    Business

    Notes

    Not available online.
    ×

    ECON616 Applied Managerial Economics

    During this course the student will study the practical aspects of both micro- and macroeconomics and how they are applied to the managerial environment. The students investigate the role of economic principles in management analysis and decision making: the study of demand, cost, and supply concepts from a business viewpoint; and the application of national income measures to strategic planning and the future.

    Prerequisites

    MGMT502  for MBA program only

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    ACCT640 Ethics in Accounting

    This course provides an introduction to the ethical theory and analysis of both social and professional issues that challenge the accounting profession. The course provides a framework from the perspective of the professional accountant such as ethical decision making, independence, integrity, objectivity, core values and ethical dilemmas.

    Prerequisites

    None

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    FINC615 Applied Managerial Finance

    Emphasizes management decision making utilizing accounting and finance concepts. The following subjects are addressed in the course: financial reports and metrics, financial analysis and planning, financial forecasting, financial markets, financial leverage, working capital management, capital budgeting processes, cost of capital and long term financing. The student will apply the knowledge learned by completing a financial strategy report and accomplishing a research report summarizing an application of financial analysis from either the academic or professional literature.

    Prerequisites

    MGMT502  for MBA program only

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×

    MGMT600 Applied Managerial Decision-Making

    This course emphasizes the practical application of descriptive and inferential statistics to decisions made in a managerial role. The following subjects are addressed in the course: data summarization and presentation, data analysis, test of hypotheses, discrete and continuous distributions, estimation theory, simple and multiple correlation and regression, analysis of variance, multivariate statistics and non parametric methods. The student will apply the knowledge learned by completing a data aggregation and reduction exercise report and by accomplishing a research report summarizing an application of applied statistics from either the academic or professional literature.

    Prerequisites

    MGMT502  for MBA program only

    Corequisites

    None

    Credits

    4

    Distribution

    Business
    ×
  • Career Paths

    If you want to achieve more in your career, you have to own every opportunity— starting with the right master’s degree. Potential career paths for those who earn a Master of Science in Accounting degree include:1

    • Accountant
    • Senior Accountant
    • Accounting Manager
    • Tax Manager
    • Staff Accountant
    • Credit Analyst
    • Audit Manager
    • Senior Tax Associate
    • Internal Auditor
    • Senior Tax Manager
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  • Alumni Experience

    Starting in 2012, CTU began a longitudinal study of the impact of higher education on its graduates’ career progression. Each year the study surveys alumni who graduated from CTU one, three, five, and ten years prior. The results are specific to each degree. Below are areas the alumni were asked about.2

    Satisfaction with Colorado Technical University Rating (%)*
    Satisfaction with experience at CTU
    79%
    Likely to recommend CTU to a friend or colleague
    79%
    Instructors appeared knowledgeable in their subject matter
    88%
    CTU’s program prepared me to pursue a career in my field
    65%
    My education has helped me advance my career
    59%
    Satisfaction with Colorado Technical University Rating (%)*
    Engage in creative problem solving
    74%
    Understand all sides of an issue or challenge
    74%
    Team up with co-workers to solve issues and challenges
    72%
    Communicate effectively with co-workers
    77%
    Communicate effectively with my manager
    75%

    *Percentage of respondents who agreed that CTU equipped them for skill or competency

    Headset icon Contact an Admissions Advisor for additional information
  • Employer Experience

    Since 2010, CTU has measured the experience of employers with recent CTU graduates on their staff to better understand how to deliver a curriculum to students that provide the broadest opportunities for career growth. The results are specific to each degree. Below are areas employees were asked about in regards to their CTU Alumni employees.3,4

    Employer Experience Rating (%)*
    Likelihood that an employer of a CTU grad would hire another
    91%
    CTU graduates performed as well or better than other employees
    100%
    CTU graduates prepared as well or better than other employees to work at their job5
    100%
    Employers' Ranking of CTU Graduates' Skills & Competencies Rating (%)*
    Analyze data effectively
    97%
    Demonstrate appropriate problem-solving skills on the job
    96%
    Can be trusted to communicate appropriately with senior leadership at organization5
    97%
    Can be trusted to write a report (or other communication) without managerial editorial input
    96%
    Demonstrate understanding of communications written to them
    98%
    Are able to negotiate compromises
    94%
    Take direction well
    97%
    Work effectively in a team environment
    95%
    Coordinate team projects effectively
    93%
    Manage conflicts effectively
    88%
    Provide input on planning for business
    90%
    Take initiative to lead projects5
    93%
    Think about how their projects will impact the business5
    91%

    *Percentage of respondents who agreed or strongly agreed

    Headset icon Contact an Admissions Advisor for additional information

Gainful Employment and Other Student Disclosures

Below you can find placement rates and other information tailored to your chosen campus and program. Certain disclosures are published on this website to assist students in understanding the facts about their programs.

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1http://burning-glass.com/job-market-data/; The career titles are provided by Burning Glass. These results are based upon an analysis of over 7 million current job listings compiled from over 17,000 sources – the world’s most comprehensive repository of job openings. Students who earn this degree should not view this list as exhaustive and are not limited to only these options post-graduation. Some career titles listed above may not be entry-level and may require further education or job experience.

2Alumni Survey - 2012 CTU Alumni Career Progression Research: Survey of CTU alumni who graduated in designated years between 2002 and 2011.

3Employer Survey - 2012 CTU Employer Experience Research: Survey of CTU alumni who graduated in designated years between 2002 and 2011.

4Employer Survey - 2011 CTU Employer Experience Research: Survey of 2010 CTU graduates.

5Employer Survey - 2012 CTU Employer Experience Research: Survey of 2011 CTU graduates.

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