Accounting students who
would like an advanced degree can work towards an MBA Accounting. Classes may
include financial management, economic analysis, marketing management,
financial and managerial accounting, federal taxation, auditing, and business
ethics and law. Masters in Accounting programs usually last one or two years.
In either case, students are expected to complete 30 to 36 credit or semester
hours in order to qualify for their degree. This, coupled with the 120 hours
studied at the undergraduate level means students will be able to take
professional-level accountancy examinations such as the Uniform Certified
Public Accountant Examination in the US, the Chartered Institute of Management
Accountants qualification in the UK.
Education in the United
Kingdom is a devolved matter with each of the countries of the United Kingdom
having separate systems under different governments: the UK Government is
responsible for England, and the Scottish Government, the Welsh Government and
the Northern Ireland Executive are responsible for Scotland, Wales and Northern
Ireland, respectively. Depending on your previous education, you may need to
take extra courses to strengthen your background knowledge of accounting,
mathematics or finance before you start your master’s degree. This could be
through a summer school program, or a distance-learning or online learning
scheme. This applies to students whose bachelor’s degrees did not include a
substantial amount of accounting-based courses, students who wish to switch
disciplines entirely, and students who have been out of academia for too long.
Candidates may be
required to take the Graduate Management Admissions Test (GMAT) or the Graduate
Record Examinations test (GRE) and international candidates may need to prove
their proficiency in the language of teaching.
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