Master's Degree Programs in Accounting in Minnesota
This article compares accounting master degree programs across the state of Minnesota by their tuition rates, lengths specialization options, and admission requirements.
University of Minnesota Twin Cities
The University of Minnesota offers two separate tracks for its Master of Accounting degree, a one year program for students with a bachelor's degree in accounting and a two year program for students with no background in accounting. All students take core courses in internal control, accounting information systems, financial data analytics, financial statements, taxation, and financial reporting.
Minnesota State University Mankato
Minnesota State at Mankato offers two separate tracks for students seeking a Master of Accounting (MAcc) degree. Its program includes four required courses in accounting theory, external auditing, fundamentals of federal income tax, and writing in the workplace (as well as a variety of elective options).
Minnesota State University Moorhead
The Master of Accounting and Finance at Minnesota State Moorhead is designed for recent graduates and early-career professionals. The university offers classes in the late afternoon and evening so that students can complete the program while maintaining a full-time job. The program can be completed in one year full-time or two years part-time.
St. Mary's University of Minnesota
Students can complete the Master of Science in Accounting from St. Mary's University of Minnesota in 20 months. The program is designed to prepare students for either the Certified Public Accountant (CPA) exam or the Certified Management Accountant (CMA) exam.
Augsburg University's Accounting master's degree prepares its graduates to work as entry-level public accountants, management accountants, tax accountants, or internal auditors, or to take the CPA or CMA exam. In addition, students have the chance to take a range of classes from the business school to better understand how accounting affects business management.
University of St. Thomas
At the University of St. Thomas, students can earn their Master of Science in Accountancy in one year of full-time study or develop a flexible part-time schedule. To graduate, students must complete 12 courses (7 core courses, 3 professional development classes, and 2 electives). Because the university offers most of its classes in the evening, students can continue working full-time or begin working in the accounting field before they graduate.
|University||Programs Offered||Tuition for Academic Year (2018-2019)*|
|University of Minnesota -- Twin Cities||Master of Accountancy||$17,064|
|Minnesota State - Moorehead||Master of Science Accounting & Finance||$10,009|
|Minnesota State - Mankato||Master of Accounting||$7,404|
|St. Mary's University of Minnesota||Master of Science Accounting|
Online Master of Science Accounting
|Augsburg University||MBA Accounting||$13,124|
|University of St. Thomas||Master of Science in Accountancy||$24,766|
Earning a Master's Degree in Accounting
Accounting master's degree students often take courses in business, professional development, and electives of their choice. In many cases, students in these programs can fulfill the coursework requirement to sit for professional accounting certification exams like the CPA or the CMA exam. Accounting master's degree programs share core coursework in the following subjects:
Financial Statement Analysis
In this course students learn how to use financial analysis tools to make informed business decisions. To this end, students may learn how to analyze various types of financial statements. They may practice using technological tools to measure, analyze, and make use of financial data. Topics might include various financial reporting systems, financial decision making, and applications of financial statement analysis for budgeting and investing.
Taxation Of Businesses
In this course students learn the ins and outs of federal income tax law, particularly in its application for businesses. Students will likely learn how the tax code applies to different taxpayer situations. They may have the chance to grapple with common debates about the pros and cons of taxing different entities. In some cases, the course could include a hands-on component wherein students practice preparing tax returns for partnerships, limited liability companies, C corporations and S corporations.
In this course, students learn how to audit financial records according to standards set forth by the Public Company Oversight Board (PCAOB) and American Institute of Certified Public Accountants (AICPA). Topics may include testing balances, auditing cycles, audit sampling, audit reports, fraud detection, risk analysis, internal control evaluation, review engagements, and test of controls.
Admissions Requirements for a Master's in Accounting in Minnesota
Some universities require applicants to hold a bachelor's degree in accounting (or a related field like business or finance). Other programs allow students to enter with no prior accounting experience, but require them to complete a set of foundation classes before continuing on to advanced accounting coursework. Minimum GPA scores vary from program to program. Most programs require their applicants to send in GRE or GMAT test scores, although this requirement may be waived for accounting professionals and/or students with a high GPA. All applicants send in a nonrefundable application fee, their official transcripts and test scores, letters of recommendation, a professional resume or CV, and a personal statement explaining their career goals and interest in the program.
Minnesota's universities offer a variety of accounting master's degree programs to meet the needs of students with different backgrounds and career goals. Students can choose a degree program based on the available locations and specialization options, or find a program that meets their scheduling needs.