M.S. in Accounting - Taxation Focus
30
Credit Hours
17
Month Completion
Class Type
Next Start Date
Jan 2, 2023
Placement Tests
GMAT/GRE not required for admission
Accreditation
IACBE

Resolve complex tax issues with an online master’s degree in accounting

With a fierce command of the technical and non-technical aspects of accounting, today’s accounting professionals occupy a well-earned place at the management table. Franklin’s 17-month online M.S. in Accounting with a focus in Taxation provides hands-on experience with tax returns, tax research, tax memos and tax planning. Not only will you understand critical tax issues, you’ll emerge with valuable experience in many of a tax professional’s day-to-day responsibilities.

Program Availability

On Site

IACBE Accredited

Our program follows best-practice standards for business education.

17-Month Completion

Finish your master's in accounting faster.

Real-World Practitioners

Learn best practices from in-field accounting professionals.

M.S. in Accounting Taxation Focus Program Overview

Gain deep knowledge of the primary sources and application of tax law

Franklin’s theory-to-practice M.S. in Accounting with a focus in Taxation builds your familiarity with tax code, regulations, case law and rulings, as well as how they are applied. You’ll be challenged to apply your prior knowledge to various sets of facts to determine relevant outcomes.

Coursework and assignments will prepare you to assist taxpayers in dealing with the IRS in examinations, collections, rulings, etc. Upon completion of your master’s degree 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, which would qualify you to represent clients at IRS meetings.

Be prepared to handle advanced tax concepts of clients and/or employers

Whether you choose to work in-house for an organization, with an accounting firm or in the public sector, you’ll learn advanced tax concepts, then apply those concepts to properly prepare tax returns and schedules and to identify tax planning opportunities. 

As part of the Taxation focus area, you’ll explore pertinent topics such as corporate and individual taxation, pass-through entities and gift and estate taxes. You’ll be able to draw on your research to understand how various laws apply to specific situations. 

Moreover, Franklin's transfer-friendly Master's in Accounting 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.

Develop critical-thinking skills necessary to resolve tax questions and disputes 

Throughout the program, you’ll identify tax issues, as well as the questions that must be asked to resolve those tax issues, then create a properly formatted tax communication. 

You’ll get hands-on experience with tools of the trade like the FASB Accounting Standards Codification® database and RIA Checkpoint®, but more importantly, you’ll also practice communicating your findings with confidence and clarity. 

You’ll also learn in small classes led by professors who are in-field practitioners. These interactive courses with peers, who are also professionals who bring expertise in a range of industries, create a valuable professional network and a 360-degree learning environment. 

Transfer up to 12 credits and finish your online master’s in accounting faster

If you have taken graduate-level accounting courses, you may be able to transfer credit and save time and money toward your Franklin master’s degree. Franklin offers course-for-course credit to satisfy elective requirements for the M.S. in Accounting. To see if your previous coursework can be used to satisfy degree requirements, you’ll need to submit a syllabus for the course(s) you’d like to have evaluated for transfer credit. Your admissions advisor will be happy to assist you in any way.  
 

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Kelly W.

M.S. in Accounting '21

"Earning my master's degree means that I am able to provide a different future for my daughter and shows her the benefits of hard work and education."

Your Best Value M.S. in Accounting

Choose Franklin's accredited M.S. Accounting and get a high-quality degree that fits your life and your budget. 

Affordable Tuition

$20,100
TOTAL PROGRAM TUITION

Get ahead without going broke. 

Finish Fast

17
MONTHS TO COMPLETE

Realize your career goals sooner.

Partner? Pay Less.

Search below to see if you could save tuition through an employer or professional organization partnership.

$20,100
Total Tuition
(After Partner Discount)

Highly Recommended

97%
STUDENT SATISFACTION

97% of graduating students would recommend Franklin to their family, friends and/or colleagues.

Source: Franklin University, Office of Career Development Student Satisfaction Survey (Fall 2021)

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M.S. in Accounting Taxation Focus Courses & Curriculum

Major Area Required
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.

OR ACCT 711 - Introduction to Tax Research (2)

A study of the fundamentals of tax research processes. The primary focus of the course will be on analyzing specific tax issues and common research methodologies used in tax research and on evaluating research results using examples from current tax 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 development of accounting theory, international financial accounting standards, revenue recognition, review of financial statements and their components, working capital, income taxes, leases, post-retirement benefits, and business combinations.

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.

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.

Focus Area

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 755 - Federal Tax Practice & Procedure (4)

In this course, students are introduced to the responsibilities of practitioners dealing with the Internal Revenue Service. It includes a comprehensive overview of the many aspects of dealing with the Internal Revenue Service (IRS) in tax matters. Students will gain a full understanding of the organization of the IRS. The major topics addressed in the course are ethical responsibilities, tax examinations by the IRS, audit procedures, the authority of the IRS, assessment procedures, statute of limitations, interest and penalties, the appeals process, the collection process, claims for refund and private letter rulings.

OR

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 Analytics (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.

Corequisites
ACCT 215 - Financial Accounting (4)

An introduction to accounting emphasizing how general purpose financial statements communicate information about the business corporation's performance and position for users external to management. Approximately one third of the course emphasizes how the accountant processes and presents the information and includes exposure to recording transactions, adjusting balances and preparing financial statements for service and merchandise firms according to established rules and procedures. The balance of the course examines major elements of the statements such as cash, receivables, inventory, long-lived assets, depreciation, payroll, bonds, and other liabilities and stocks. Concepts of this course are applied to Managerial Accounting (ACCT 225). Students are advised to avoid any time lapse between these courses.

ACCT 225 - Managerial Accounting (4)

The study of management accounting for internal reporting and decision-making. The course introduces a business-management approach to the development and use of accounting information. Major topics include cost behavior, cost analysis, profit planning and control measures. Accounting for decentralized operations, capital budgeting decisions, and ethical challenges in managerial accounting are also covered.

ACCT 310 - Intermediate Accounting I (4)

The first of two in-depth financial accounting courses. Theory, the conceptual framework, development of generally accepted accounting principles, and applications are stressed. Topics include the income statement, the statement of cash flows and the balance sheet, specifically asset accounts.

ACCT 320 - Intermediate Accounting II (4)

The second of two in-depth financial accounting courses. Theory, concepts and applications are stressed. Topics include time value of money, current and non-current liabilities, leases, deferred taxes, retirement benefits, stockholders, equity, earning per share, accounting changes and errors, and statement of cash flows.

ACCT 470 - Auditing (4)

A study of the planning, evidence gathering, internal control review, sampling, and application of procedures used to audit assets, liabilities, equity and related income statement accounts of a profit-oriented enterprise. Includes an evaluation of the audit profession including professional standards, ethics and liability of CPAs. Also includes a student-prepared audit case for hands-on application of audit procedures. The reporting requirements for compilation and review services and a thorough study of the types of audit opinions will also be studied. In addition, an audit research paper is required.

Complete the above courses or the equivalent from an accredited school. Prerequisites must be completed with a grade of C or better. ACCT 470 is only needed for students taking ACCT 733.

M.S. in Accounting Taxation Focus Cost, Requirements & Outcomes

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M.S. in Accounting Taxation Careers

Income Tax Accountant

Tax accountants contribute to an organization’s financial success and stability by staying up-to-date with tax code and regulations, ensuring compliance on all filed documents and statements, and preparing clients for audit.

Tax Advisor

Tax advisors provide guidance on the impact of tax laws, audit preparation and dealing with unpaid taxes or other IRS-related issues.

Tax Consultant

Tax consultants use their knowledge of accounting, tax law and finance to recommend strategies to reduce tax liability for individuals and organizations.

Accounting Employment Outlook

5%

From 2021-2031, jobs in Accounting are expected to increase by 5%

All Occupations

2021
4,854,270 jobs
2031
5,084,143 jobs
Show Details >

Accountants and Auditors

2021
1,458,659 jobs
2031
1,551,112 jobs

Budget Analysts

2021
54,123 jobs
2031
56,840 jobs

Credit Counselors

2021
36,466 jobs
2031
39,666 jobs

Financial Examiners

2021
74,649 jobs
2031
81,828 jobs


Source information provided by Economic Modeling Specialists International (EMSI).

Accounting Taxation Knowledge & Skillsets

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M.S. in Accounting Taxation Frequently Asked Questions (FAQs)

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