The Master of Science in management's accounting specialization can help you move toward a position as a comptroller, managing partner, or senior accountant. Ideal for midcareer professionals, the accounting specialization teaches you the skills to communicate financial information with high-level decision makers, as well as the advanced accounting knowledge that every business needs.
These requirements are for students who enroll in the 2020–2021 academic year. For prior year academic requirements, visit our catalog archive.
About the Management Master's Degree with Accounting Specialization
What You'll Learn
Through your coursework, you will learn how to
- Assist in developing strategic plans
- Assist in the decision-making process required of top managers
- Communicate effectively with top-level executives and diverse populations
- Design and build an accounting information system
- Guide management in making effective decisions regarding financial planning
- Prepare and analyze financial statements
- Prepare individual and corporate federal income tax returns
- Serve in leadership roles
- Serve on an internal audit team
In past projects, students have had the opportunity to
- Prepare and present financial budgets for organizational leaders
- Prepare an activity-based costing analysis for comparison to traditional costing methods
- Use SEC 10K reports to research and compare accounting disclosures for multiple organizations in the same and diverse industries
- Use the case-study method to research circumstances and consequences of corporate accounting misrepresentations to detect fraud
- Learn to use XBRL, an open-data standard for financial reporting required for many SEC filings
- Conduct tax research of Fortune 500 companies using the U.S. Internal Revenue Code, IRS tax regulations, issuances, rulings, and case law
This program can help prepare you for the following certification exam(s):
- Accredited Tax Preparer (ATP)
- Certified Internal Auditor (CIA)
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- Chartered Global Management Accountant (CGMA)
- Enrolled Agent (EA)
*Requirements for CPA certification vary from state to state. Learn more about professional licensure.
Management Master's Degree with Accounting Specialization Requirements
Our curriculum is designed with input from employers, industry experts, and scholars. You'll learn theories combined with real-world applications and practical skills you can apply on the job right away.
Master's - specialization Courses
- UCSP 615
(to be taken within the first 6 credits of study)
- MGMT 630
- MGMT 640
- MGMT 650
Complete the following five courses:
- ACCT 610
- ACCT 611
- ACCT 613
- ACCT 618
- ACCT 628
Take two of the following for a total of 6 credits:
- ACCT 625
- ACCT 630
- ACCT 635
- ACCT 640
- MGMT 670
Course Rules and Program Progression
- MGMT 630 (or MGMT 610) must be taken within the first 6 credits.
- MGMT 610 and MGMT 615 may be taken instead of MGMT 630.
- ACCT 610 is prerequisite to all other accounting courses.
- ACCT 628 should be taken before ACCT 630.
- MGMT 640 should not be attempted simultaneously with MGMT 650.
- You must complete 24 credits of program coursework, including all core courses, before enrolling in MGMT 670.
If you completed your undergraduate degree at UMGC with coursework in accounting, a vertical pathway between UMGC's graduate and undergraduate degree programs in that field allows you to reduce your total coursework for this program by up to 6 credits.
- You must maintain a GPA of 3.0 or higher at all times.
- All degree requirements must be fulfilled within five consecutive years.
- Any transfer credits must have been earned within the five-year time frame to be applied toward a graduate degree.
Please review our overview of overall master's degree requirements for additional considerations.
This program is designed to help prepare you for an organizational leadership position in accounting.
Experience Recommended for Success in the Program
You are expected to have familiarity with Microsoft Excel.
If you lack a recent background in finance or accounting, you should take the noncredit course UCSP 620 before ACCT 610 and MGMT 640. If you lack a recent background in statistics, you should take UCSP 630 before MGMT 650. Taking UCSP 605 is recommended to help improve writing skills.
Program Admission Requirements
Before enrolling in any graduate accounting course, you must do one of the following:
- Complete 15 credits of undergraduate accounting coursework, with a grade of C or better in each course. Upon submission of an official transcript, you may be accepted into the degree program with fewer than the required 15 credits of undergraduate accounting coursework, but you must complete that coursework before enrolling in your first graduate accounting course.
- Earn a Certified Public Accountant (CPA) license as determined by a State Board of Accountancy. Upon submission of documentation and verification of your having earned a CPA license, you may enroll in a graduate accounting course.
This program is designed to help prepare students to sit for the Uniform Certified Public Accountant Exam and/or obtain initial licensure as a Certified Public Accountant in Maryland. To sit for the CPA Exam in Maryland, a candidate is required to have successfully completed 120 credits toward an accounting degree. Many other states, however, require candidates to successfully complete 150 credits prior to sitting for the CPA Exam.
To obtain initial licensure as a CPA in Maryland and most other states, a candidate is required to have successfully completed 150 credits. Maryland has additional requirements to obtain initial licensure as a CPA, not all of which can be fulfilled through education. Learn more about Maryland's requirements for initial licensure. Students seeking licensure in another state are advised to contact the appropriate licensing board in their state.
Learn more about professional licensure and how to contact your state's licensing board.
Student Clubs and Organizations
Type: Student organization
Available To: Undergraduate and Graduate
The Accounting and Finance Forum provides information about the accounting and finance majors as well as topics of interest from course selection to career paths. It assists students with the exploration of resources on accounting and finance careers and the accounting and finance fields, including job postings and information about career opportunities.
About the Faculty
Our world-class faculty members combine academic credentials with a wealth of experience in the field.
Faculty members in this program hold or have recently held positions including
- Accounting manager
- Budget analyst
- Certified fraud examiner
- Certified public accountant
- Certified internal auditor
- Chief financial officer
- Entrepreneur/sole practitioner
- Forensic accountant
- Government accountant
- Senior manager
- Tax accountant
Our faculty work or have worked at organizations including
- Becker's CPA Exam Review Instructor
- Commercial Investment Trust Group
- Coopers & Lybrand
- Ernst & Young
- General Electric
- International School of Management
- International Telephone & Telegraph
- LLM Taxation
- U.S. Army
Chair and Professor of Accounting and Financial Management
Chair and Professor of Management, Specialization in Accounting
Chair and Professor of Accounting and Information Systems
Fast-Track Your Degree
Bachelor of Science in Accounting to Master of Science in Management Specialization in Accounting
If you graduated from UMGC with a Bachelor of Science in accounting, you could be eligible to fast-track a Master of Science in management with a specialization in accounting by up to 6 credits and complete both degrees with a total of 150 credits of coursework.
The Graduate School will accept up to two of the following course substitutions toward the completion of this master's degree program, for a maximum of 6 credits:
- ACCT 438 and ACCT 440 in lieu of ACCT 630
- ACCT 422 and ACCT 436 in lieu of ACCT 628
- ACCT 323 and ACCT 417 in lieu of ACCT 613
To be eligible, you must have completed these courses at UMGC no more than two years before being accepted to the Graduate School and earned a B or better in the courses. The substitutions listed above are the only substitutions possible. Transfer credits are not accepted. Admission requirements and time limits for degree completion apply to all students.