Accounting is the measurement, processing, communication and analysis of financial information of enterprises like businesses and corporations. It has been colloquially referred to as “Language of Business” as it measures the results of an organization’s economic activities and conveys these compilations to a variety of users.
A Master of Professional Accounting can also be obtained from Australian universities to qualify for the Australian CPA, IPA or CA. This speciality program usually runs 1-2 years in length and contains from 10-12 three semester credit courses (30 to 36 semester hours total). The program may consist of all graduate accounting courses or a combination of graduate accounting courses, graduate management, tax, leadership and other graduate business electives. The program is designed to not only prepare students for the CPA examination but also to provide a strong knowledge of accounting principles and business applications.
Basic requirements include:
Students get to know the basic principles of accounting and their applications. Various subjects under accounting include:
Various specializations include:
Although the fees vary from university to university, the average tuition fees and monthly cost of living for master’s in accounting in different countries are:
Masters in Accounting in USA: $45,000 ; $1,000
Masters in Accounting in UK: £21,000 ; £1,500
Masters in Accounting in Canada: CA$32,000 ; CA$1,500
Masters in Accounting in Australia: AU$40,000 ; AU$2,000
Some examples of jobs that you could get after doing masters in accounting are:
These are a few salaries to help you understand the different standards in different countries.
Average Salary of an Auditor