Master’s in Accounting Program – MSA Degree
Master’s in Accounting Program – MSA Degree
journey today.
The Master of Science in Accounting (MSA) degree is a graduate-level learning opportunity for students who hold a BS in Accounting. In this program, you will have opportunities to develop advanced skills in financial reporting while building your foundational knowledge of specialized accounting topics. The master’s in accounting is offered by the Colangelo College of Business at Grand Canyon University.
There are many reasons to consider earning your MSA degree, from preparing to pass the Uniform CPA Exam to broadening your career possibilities. The completion of a master’s in accounting program is not necessarily an eligibility requirement for the Uniform CPA Exam, depending on the individual requirements of your state and whether you earned a sufficient number of semester hours in accounting during your baccalaureate program.1
However, earning a graduate degree, regardless of examination requirements, can allow you to improve upon your previous accounting knowledge. Although no degree program can guarantee a particular career outcome, earning an online master’s in accounting can provide you with the opportunity to position yourself for potential career advancement.
The interactive online learning platform at GCU can allow working professionals to take courses on a flexible, convenient schedule. By earning your online master’s in accounting, you do not have to choose between your job and your education. Complete coursework on a schedule that fits your lifestyle while benefitting from engaging discussions with your peers.
The amount of time it may take you to complete your program can vary depending on several factors. As part of this degree program, you are required to complete a capstone course toward the end of your studies. The capstone course enables you to reinforce the concepts you were taught throughout the program in preparation to take the Uniform CPA Exam. To learn how long it may take you to complete your program, fill out the form on this page to speak with a university counselor.
It’s recommended that you sit for the Uniform CPA Exam during the program, as the capstone courses are dedicated to preparing you for the test. Explore ethical best practices and issues pertaining to legal compliance while preparing to take the Uniform CPA Examination.
You will take three capstone classes during your master’s in accounting program.
Capstone I
Introduces you to the Uniform CPA Exam and covers the Accounting and Data Analytics Core sections of the exam
Capstone II
Examines the Audit and Accounting Information Systems Core portion of the test
Capstone III
Can help prepare you for the Tax Core section of the exam
Study Analytical and Ethical Concepts in Accounting
While working toward your MSA degree, you will examine a range of learning objectives. These include:
You will also be taught to:
After completing an online master’s in accounting program, advanced management positions in corporate or public accounting may be within your reach. Job applicants with a master’s in accounting degree may set themselves apart from other candidates without this credential. Some accounting career paths require candidates to pass the Uniform CPA Exam.
Although no degree program can guarantee a specific career outcome, some of the careers that can be related to this MS in Accounting may include the following:
Accountant and auditor
Appraiser of personal and business property
Budget and credit analyst
Financial risk specialist
Tax preparer
$79,880
Average median annual salary for accountants and auditors, as of 20234
Before you choose a university at which to enroll in an online MSA program, it’s important to ensure the school is institutionally accredited. Institutional accreditation speaks to the quality of the instruction at the university. GCU is proud to be an institutionally accredited institute of higher education. For more information, visit our accreditation page.
Master’s in Accounting Program FAQs
Even if you’re currently working in the accounting field, you may have some questions about the future of your career path and how further education may benefit you. Explore our frequently asked questions to learn more about pursuing a career in accounting and earning your MSA degree.
The American Institute of Certified Public Accountants (AICPA) does not specifically require a graduate-level degree to become a CPA. However, you will need a total of 150 credit hours, which you may earn by completing a graduate degree on top of your bachelor’s.3 It is imperative to have the knowledge, skills and fundamentals from an academic program, such as an MSA, to be properly prepared to sit for the Uniform CPA Exam.
An MSA degree can provide you with a deep study of accounting through a curriculum designed to help prepare you to take the CPA exam. Meanwhile, an MBA in Accounting covers important business, marketing and economic principles while integrating accounting courses.4 If your career goals involve managing financial aspects related to business, then you may want to consider learning more about an MBA with an Emphasis in Accounting.
The salary expectations of those in the accounting field will depend on their specific employer, as well as their own academic qualifications, certifications or licensure and years of experience. As of 2023, the median annual salary for accountants and auditors was $79,880, according to the U.S. Bureau of Labor Statistics (BLS).2
Only you can decide which specific field is right for you. Take some time to reflect upon your career goals. A degree in finance can set you up to pursue positions that focus on financial strategy, projected future growth and management of a business’s present and future financial numbers, as well as how to influence those numbers. Accounting, on the other hand, revolves more around the day-to-day financial aspects of a business, processes, principles and reporting on past and present figures.5
It’s always a smart idea to explore the growth rate for a particular profession before furthering your career qualifications. The BLS estimates job growth for accountants and auditors to be 4% from 2022 through 2032, as fast as average. This rate of job growth indicates that employers expect to hire about 67,400 new accountants and auditors through 2032.6
A master’s in accounting may be worth it for you if you’re passionate about the field and interested in enhancing your career qualifications. A master’s degree can allow you to better prepare to take the Uniform CPA Exam if you would like to earn your CPA license. It can also provide an additional qualification for your resume, which may set you apart from other job applicants as you pursue higher-level positions.
Prepare To Pursue Your CPA License
Prepare for the CPA exam and position yourself for potential career advancement in the accounting field by earning your MSA degree at GCU. Apply today for enrollment.
1 Association of International Certified Professional Accountants. (n.d.). 150 Hour Requirement for Obtaining a CPA License. Association of International Certified Professional Accountants. Retrieved Aug. 24, 2023.
2 The earnings referenced were reported by the U.S. Bureau of Labor Statistics (“BLS”), Accountants and Auditors as of May 2023, retrieved April 30, 2024. Due to COVID-19, data from 2020 to 2023 may be atypical compared to prior years. The pandemic may also impact the predicted future workforce outcomes indicated by the BLS. BLS calculates the median using salaries of workers from across the country with varying levels of education and experience and does not reflect the earnings of GCU graduates as accountants and auditors. It does not reflect earnings of workers in one city or region of the country. It also does not reflect a typical entry-level salary. Median income is the statistical midpoint for the range of salaries in a specific occupation. It represents what you would earn if you were paid more money than half the workers in an occupation, and less than half the workers in an occupation. It may give you a basis to estimate what you might earn at some point if you enter this career. You may also wish to compare median salaries if you are considering more than one career path. Grand Canyon University can make no guarantees on individual graduates’ salaries as the employer the graduate chooses to apply to, and accept employment from, determines salary not only based on education, but also individual characteristics and skills and fit to that organization (among other categories) against a pool of candidates.
3 Johnson-Dunlop, Z. (n.d.). Accounting Schools in Arizona. Masters in Accounting. Retrieved Aug. 24, 2023.
4 Turner, H. (2023, Jan. 30). MBA in Accounting or Master’s in Accounting: Which is Right for You? MBA.com. Retrieved Aug. 24, 2023.
5 Josephson, A. (2023, March 19). Accounting vs. Finance: What’s the Difference? Smart Asset. Retrieved Aug. 24, 2023.
6 COVID-19 has adversely affected the global economy and data from 2020 and 2021 may be atypical compared to prior years. The pandemic may impact the predicted future workforce outcomes indicated by the U.S. Bureau of Labor Statistics as well. Accordingly, data shown is effective September 2023, which can be found here: U.S. Bureau of Labor Statistics, Occupational Outlook Handbook, Accountants and Auditors, retrieved on Sept. 12, 2023.