If you’re interested in a senior-level career in accounting, earning a Master of Accountancy (MAcc) is a significant step in the process. While undergraduate coursework provides students with accounting fundamentals, from financial statements and bookkeeping to tax law and preparation, an MAcc program instills a deeper understanding of accounting and financial theory and principles as well as complex financial systems and regulations.
MAcc students will not only take in-depth courses, such as prescriptive and predictive financial analysis but also become well versed in specialized topics by studying financial regulations, such as the cost accounting standards: a set of financial standards and rules that apply to negotiated contracts between contractors and government agencies. Check out this article to learn more.