Master of Science in Accounting and Financial Management

Program Objectives

Graduates of this program will be able to:

  • Successfully apply accounting and financial management concepts, principles and applications in the analysis and resolution of strategic and operational problems
  • Utilize technology in the accounting and financial management of their organizations to share access to information for the purpose of improving the quality of decision making enterprise-wide
  • Apply finance and accounting principles in evaluating the costs and benefits of strategic investments
  • Evaluate issues and innovations in accounting and financial management and their effects on managerial decision making
  • Evaluate the effects of international standards and international diversification on accounting and financial management decision making
  • Understand the ethical problems facing accounting and financial management
  • Assess and evaluate the state of corporate governance and internal controls


An articulation agreement between The Graduate School and The Undergraduate School allows students who completed their undergraduate degree at UMUC with a major in accounting to reduce their total coursework for the graduate degree by up to 6 credits (two courses) and complete both degrees with a total of 150 credits of coursework.

The Graduate School will accept one or both of the following groups of courses toward the completion of the master's degree in accounting and financial management, accounting and information systems, or management with a specialization in accounting for a maximum of 6 credits:

The substitutions listed above are the only substitutions possible. Credits eligible for sharing must have been completed no earlier than four years before the beginning of graduate studies. A minimum grade of B must be earned in each of the undergraduate classes for the credits to be accepted at the graduate level.

Career Path

The MSAF program prepares graduates for a number of entry-, mid-, and high-level positions, as determined by a student's work experience. Depending on a student's background and an employer's criteria, graduates of the MSAF program may qualify for positions such as:

  • CFO or CIO
  • Accounting or Financial Manager
  • Fraud Examiner
  • Financial, Budget, or Management Analyst
  • Government Accountant or Auditor
  • Internal Auditor
  • Financial Liaison with Business Units
  • Financial Consultant or Advisor

Student Profile

The program will assist students who are:

  • Currently in an accounting or finance position and want to raise their knowledge base to move into a position in the Chief Financial Officer (CFO) career path
  • Currently not in an accounting or finance position and want to increase their knowledge base to enable a move into one or the other career fields without becoming so specialized that they lose flexibility

Request Info

Apply Now

Or call 800-888-UMUC (8682) to speak directly with an advisor.

Learn More

Accounting & Financial Management

Courses of Interest

No courses have been added yet. To add a course, click on a course title, then click "add to courses of interest" below the course description.