MBA in Accounting & Finance
Program Overview
This program enables the student to study comprehensive examination of managerial accounting of a business and to learn strategies to achieve the overall financial goal of maximizing shareholder value through a combination of investing, financing, and working capital decisions. Program topics include: the financial environment of the firm, the time value of money, bond and stock valuation, capital budgeting, risk and return, and capital structure theory. This course provides a balanced coverage of the quantitative and qualitative aspects of financial management.
The program also will introduce the student to the fundamental concepts of cost accounting. Course topics include the manager and management accounting, cost terms and purposes, job costing, activity-based costing, activity-based management, flexible budgets, inventory costing and capacity analysis, pricing decisions and cost management, cost allocation, customer-profitability analysis, and sales-variance analysis.
Benefits of Studying MBA in Accounting & Finance
Students who have made the choice to seek their MBA in accounting have a bright future to look forward to. You’ve made the smart decision to seek an advanced degree in your chosen field, and that will provide you with the skills needed to properly analyze and interpret financial data so that you may move to the top of your accounting-based choice of career. Here are just a few of the many wonderful benefits that you can expect to enjoy once you’ve successfully earned your MBA in accounting.
1
Significant Management Training
Those studying for their MBA with a specific focus on accounting will be much better prepared to obtain a management position than those who hold only an undergraduate degree. You can expect to have access to a variety of extra classes that are aimed at training you for positions within management, and these advanced management courses include financial management, human-resources management and other courses catered to your major areas of interest. These will prepare you for a career in management at accounting firms, within the government and in various companies and industries.
2
Excellent Preparation for the CPA Exam
An accounting student always looks forward to becoming a Certified Public Accountant, but that can’t happen until you successfully pass your state’s CPA licensing exam. Many states require you to complete a number of upper level courses such as governmental accounting and non-profit accounting before you’re allowed to take this exam. You won’t get all of these necessary classes with an undergraduate degree, but you will have access to these and all other necessary courses to ensure that you have met all of the requirements needed to take the CPA licensing exam with confidence when you’ve completed
3
A Choice of Versatile Careers
Students who go on to earn their MBA in accounting enjoy a much wider variety of career options than those who stop with their undergraduate degree. You may choose among a wide array of accounting-related jobs that are of interest to you. These options may include business consultant, revenue manager, management analyst, financial manager, technical account manager or chief operating officer.
4
Higher Earning Potential
Students who earn their MBA in accounting not only have access to a wider selection of interesting job options, but they can also expect to be paid more than than those with a simple undergraduate degree. According to the Bureau of Labor Statistics, accountants and auditors who have only undergraduate degrees may expect to earn $65,940 per year or $31.70 per hour, but those workers who have earned their MBA in accounting may expect to earn some 25 percent more than those without an advanced degree.
5
Successful Business Ownership
When you earn your MBA in accounting, you are much more likely to have the opportunity to open your own business. This is largely due to the extra courses that you’ll have access to, and these include leadership courses, strategic management, operations management and marketing management. Each of these courses are carefully designed to help you not only become an exceptionally skilled accountant but also a successful business owner.
Because every single business in the public, private and governmental sector requires knowledgeable people to manage the books, those with an MBA in accounting will continue to be in demand and achieve successful careers. Get busy working towards your MBA in accounting today, and you’ll soon be enjoying crunching those numbers at that perfect job that you’ve always dreamed of.
6
Improve Business Relationships
When earning an MBA, those in finance or accounting learn skills beyond the parameters of their usual job. This includes business strategy, developing business partnerships, marketing and how to evaluate deals.
DURATION
12 Months
LANGUAGE
English
FORMAT
Campus/Online
INTAKE
Monthly
Teaching Approaches
This program will introduce the student to the fundamental concepts of cost accounting. Program topics include the manager and management accounting, cost terms and purposes, job costing, activity-based costing, activity-based management, flexible budgets, inventory costing and capacity analysis, pricing decisions and cost management, cost allocation, customer-profitability analysis, and sales-variance analysis.
The MBA in Accounting and Finance programme is designed to prepare successful applicants to assume a larger role in strategically managing their organizations’ financial and other key resources. The aim is to develop students’ expertise in key financial areas while also developing their business and leadership skills. Accounting and Finance managers and leaders in all sectors who want to be more effective in today’s challenging business environment by acquiring an advanced qualification in the field of Accounting and Finance are encouraged to apply.
PROGRAM OBJECTIVES
- Understand the importance of financial management to an organization.
- Understand approaches to budgeting in organizations.
- Understand the use of financial reports when evaluating the state of organizations’ finances.
- Understand the ways in which organizations can be funded.
- Understand the appraisal options available to organizations wishing to invest money.
Provide the student with a comprehensive overview of four different areas of managerial accounting.
Gain a fundamental understanding of the concepts of cost accounting by learning and applying the basic principles to a variety of different business situations and environments.
Program Structure
The program of MBA in Accounting and Finance consistes of 12 courses.
The study proceeds as follows:
- ٍٍ9 Standard core courses.
- 3 Program specialization courses.
Standard Core Courses
- Manager Development
- Organizational Behaviors
- Leadership
- Human Resources
- Supply Chain
- Marketing & Sales Management
- Project Management
- International Business
- Strategic Management
Specialization courses
- Accounting and Financial Management
- Cost Accounting
- Managerial Accounting