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M.S. in Accounting

Capitalize on career opportunities with a master’s in accounting

Accounting has long since claimed its rightful place at the management table. Gone are the days of closed-door, head-down, paper-pushing number nerds. The modern-day accounting professional possesses a fierce command of both the technical and non-technical aspects of accounting. Franklin’s M.S. in Accounting degree program can help transform your leadership and career. Our program equips you to think critically about big-picture accounting systems and processes, communicate more effectively, and leverage technology in new and innovative ways.

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On Site

17-Month Completion

Finish your master's in accounting faster.

No GMAT or GRE

Bypass expensive, time-consuming tests with a 2.75+ GPA.

Customizable Program

More than half your classes are electives you pick.

Real-World Practitioners

Learn best practices from in-the-field accounting professionals.

Convenient Classes

Take a class online or on-site -- it's your choice.

Top-Rated Technology

Get hands-on experience with industry-standard software, systems and tools.

Program Overview

Lead the way through complex issues to enterprise-wide financial success

In Franklin's accredited M.S. in Accounting degree program, you’ll acquire an executive skill set that prepares you to advance into an accounting leadership position. In addition to gaining skills employers are actively seeking in the critical areas of financial accounting and management control systems, you’re able to bolster your master’s degree in accounting by pursuing courses in one of our two highly-relevant suggested pathways.

In our taxation pathway, you’ll explore pertinent topics such as corporate and individual taxation, pass through entities, and gift and estate taxes, while our financial operations pathway exposes you to integral concepts that include forensic accounting, auditing and data mining, risk analysis and management, and enterprise resource planning (ERP) systems. You will also have the ability to customize your pathway to reach your personal goals. Whichever you choose, you’ll be well prepared to move into advanced-skill, leadership positions, such as CFO, controller, internal auditor, or accounting manager.

Complete an accredited Accounting master's degree in just 17 months

At Franklin, you’ll conveniently earn a high-value degree in 17 months at an affordable cost. Franklin's transfer-friendly Master's in Accounting online program is accredited by the International Assembly for Collegiate Business Education (IACBE), the leader in outcomes-based accreditation in business, so you know you're earning a respected degree with value in the workplace. In addition, our online Master's program received GetEducated.com’s top ten “Best Buy” designation from among 207 accredited online accounting programs. 

At the completion of your coursework and depending upon your undergraduate program, you'll also have the required hours and foundational knowledge needed to sit for professional accounting certification exams, such as the Certified Public Accountant (CPA) designation.

Plus our small, personalized classes introduce you to a valuable professional peer network. You’ll learn with—and from—your peers in interactive classes comprised of a diverse set of students ranging in age, industry, talent, and experience.

Gain hands-on experience with tools of the trade

Your master’s degree in Accounting from Franklin prepares you with hands-on experience in researching accounting issues as they arise, just as they occur in a work setting. You’ll learn how to use the FASB Accounting Standards Codification® Database for researching financial accounting standards and RIA Checkpoint® for researching tax law and authority, accounting and audit standards, and international accounting standards. You’ll get practice not only deciphering the numbers, but just as importantly, communicating your findings with competence and clarity.

You’ll also learn how to use industry-standard technology, such as Microsoft® Dynamics ERP Software and ACL™ Data Mining Software, and apply it to real-world accounting issues. You’ll put it all together through case study examinations, through which you’ll take a deep dive into key concepts such as the Sarbanes-Oxley 404, auditing and internal controls, ethical standards, and the role of regulatory bodies.

Earn your degree from a university built for busy adults

Earn your degree on your terms by taking classes 100% online or pursue available coursework at one of our Midwest locations. Regionally accredited and nonprofit, Franklin was built from the ground-up to satisfy the needs of adult learners. Our seamless transfer process and team of academic advisors will help ease your transition to becoming a student, while our flexible course schedules help to balance your education with work, family, and life. Get started on your future today.

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Curriculum & Course Descriptions

30 Semester Hours
Core Courses (10 hours)
ACCT 710 - INTRODUCTION TO RESEARCH IN ACCOUNTING (2)
A study of the fundamentals of research processes in accounting. The primary focus of the course will be on analyzing specific accounting issues and common methodologies used in accounting research and on evaluating research results using examples from current accounting literature.
ACCT 715 - FINANCIAL ACCOUNTING THEORY (4)
A study of financial accounting theory as it relates to decision making in a contemporary, global financial reporting environment. Key areas of concentration include decision usefulness perspectives and applications, manager motivation and performance measures, and global standard setting in accounting.
ACCT 725 - MANAGEMENT CONTROL PROCESSES & SYSTEMS (4)
A study of the processes and systems used by managers to ensure organizational goals and strategies are being implemented as intended. The course involves analyzing various management control processes and systems, examining the strengths and weaknesses of each, and evaluating effective implementation strategies. Case analysis is emphasized.
Electives (16 hours)

These Suggested Pathways are designed to provide students with concentrated knowledge in specific areas of accounting, however, students may choose any four (16 hours) of the 8 courses listed below to align with their personal and career goals.

Taxation
ACCT 751 - ADVANCED PERSONAL INCOME TAXATION (4)
This course provides a detailed review of the most prominent income, deduction, and credit issues affecting individuals, particularly those affecting high-income or net-worth individuals or those involved in certain specialized transactions. Topics discussed will include: detailed review of certain itemized deductions; the various loss limitation rule provisions, including the passive activity and at-risk loss limitation rules; the treatment of certain business income and expense items, including individual net operating losses; significant equity and property transactions; and the alternative minimum tax (AMT). Substantial emphasis will be placed on key compliance issues and tax planning opportunities for individuals, particularly those involved in investment, business, or other entrepreneurial activities. The class will include numerous components requiring students to apply the tax law to completing tax forms and in performing tax research related to issues in the course.
ACCT 752 - C-CORPORATION TAXATION (4)
This course provides a comprehensive overview of the fundamental tax principles and consequences of corporate formation, operation, and liquidation to both corporations and their shareholders. Principle topics covered include: corporate formation and capital structure, including the treatment and utilization of debt and the application of Section 351; the taxation of corporate operations, including prominent property transactions, tax incentives and credits, and significant deductions; determination of earnings and profits; the tax treatment of distributions or other payments to shareholders and/or corporate officers; stock redemptions; and corporate liquidations and corporate reorganizations, including mergers, acquisitions, and divisive reorganizations.
ACCT 753 - PASS-THROUGH ENTITY TAXATION (4)
This course reviews the general provisions of Subchapters S and K of the Internal Revenue Code in considerable detail. Primary topics of focus include: the tax consequences of partnership and S-corporation formation, including the application of Sections 351 and 721; partnership and S-corporation operations, including the pass-through treatment of tax attributes; S-corporation tax accounts (including the accumulated adjustment account and accumulated earnings and profits); S-corporation level taxes; the concepts of inside and outside basis; the treatment of distributions of property to shareholders and partners; partnership and S-corporation liquidation. Special attention will be given to tax issues unique to partnerships, including special allocations, and the various partnership anti-abuse and loss limitation rules. Attention will also be given to practical aspects of pass-through entity tax practice, including key compliance and reporting issues and tax planning opportunities.
ACCT 754 - GIFT AND ESTATE TAXATION (4)
This course will review the general federal tax provisions concerning gift and estate taxation, including an introduction to the applicable property law concepts necessary for a full understanding of the topic. Topics of focus within the gift taxation system include the concepts of completed and incomplete gift transfers; taxable and nontaxable gifts; exclusions and deductions; and split-gift transfers. Estate tax issues that will be covered include the concept of the taxable estate; valuation issues; and deductions from the taxable estate. Calculation of a given individual's gift and/or estate tax liabilities will be a focus of the course, as will tax planning issues and opportunities to reduce the transfer tax liabilities over a person's lifetime and over generations. Finally, the course will review the general laws and provisions applicable to the income taxation of trusts and estates.
Financial Operations
ACCT 731 - ENTERPRISE RESOURCE PLANNING SYSTEMS (4)
A study of the enterprise resource planning (ERP) systems used by organizations to integrate information flow through a wide variety of disparate functions. This course involves analyzing how an ERP system works, examining the advantages and risks of ERP systems, and evaluating ERP system implementation strategies. Case analysis is emphasized.
ACCT 732 - FORENSIC ACCOUNTING (4)
A study of the investigative and analytical skills used in preventing, discovering, and resolving financial irregularities in a manner that meets the standards required by applicable laws and/or regulations. The course begins with an examination of the legal fundamentals of forensic accounting followed by an analysis of the key tools and techniques used by forensic accountants. This foundational background is then used in the analysis of common forensic accounting applications. Case analysis is emphasized.
ACCT 733 - ADVANCED AUDITING AND DATA MINING TECHNIQUES (4)
A study of auditing issues from case studies and application of data mining techniques in solving audit issues. Key area of concentration with case studies include client acceptance, understanding client business, audit risk assessment, materiality, fraud considerations, internal control objectives and deficiencies, auditing business processes and related accounts, and professional and ethical responsibilities. Key areas of focus with data mining techniques include application with ACL software tables, filters, and commands; audit planning; test of transactions and test of balances. Students will also explore the use of ACL software for forensic auditing and management reports.
ACCT 734 - ENTERPRISE RISK ANALYSIS & MANAGEMENT (4)
A study of the identification, analysis, measurement, management of operational and financial risk within an organization. Key areas of focus include a historical perspective of risk, the implementation of a risk management program, allocation of capital, and measurement of performance.
Capstone Course (4 hours)
ACCT 795 - ACCOUNTING RESEARCH SEMINAR (4)
This seminar course will provide students with a capstone experience of their academic studies. Students will research and analyze recent literature, both professional and academic, in accounting, focusing on the impact of current developments in various areas of the accounting profession. Students will also apply accounting research strategies, learned over the course of their studies in the program, to a topic agreed upon by the student and professor. Students will present their research findings to colleagues at the end of the course.

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Program Details

Employment Outlook

All Occupations

2015
1,500,000 jobs
2025
1,700,000 jobs
Show Details >

Accountants and Auditors

2015
57,747 jobs
2025
67,391 jobs

Budget Analysts

2015
1,934 jobs
2025
2,257 jobs

Credit Analysts

2015
3,874 jobs
2025
4,246 jobs

Financial Examiners

2015
1,528 jobs
2025
1,728 jobs


Source information provided by Economic Modeling Specialists International (EMSI) - June 2016

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