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

Partnerships

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 the following toward the completion of the MS in accounting and financial management, accounting and information systems, or management with a specialization in accounting for a maximum of 6 credits:

  • Both ACCT 410 Accounting for Government and Not-for-Profit Organizations and ACCT 425 International Accounting in lieu of ACCT 665 Selected Topics in Accounting: International, Government, and Nonprofit Accounting
  • Both ACCT 427 Advanced Auditing and ACCT 433 Audit and Control of Information in lieu of ACCT 612 Auditing Process

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

Dual Degrees

Enhance your credentials! Graduates of the MSAF can elect to pursue dual degrees in the following areas:

Master of Science in Accounting and Financial Management / Master of Science in Accounting and Information Systems

Students must complete all requirements for the first degree before beginning the second degree. All courses except INFA 610 must be completed before enrolling in MSAS 670. Degree is available both ways.

Required Courses

UCSP 615 Orientation to Graduate Studies at UMUC (0), to be taken within the first 6 credits of study

  • ISAS 610 Information Systems Management and Integration (3)
  • ISAS 630 Systems Analysis and Design (3)
  • ISAS 650 Information Technology, the CIO, and Organizational Transformation (3)
  • INFA 610 Foundations of Information Security and Assurance (3)
  • IMAT 637 IT Acquisitions Management (3)
Capstone Course

MSAS 670 Accounting and Information Systems Capstone (3)

Master of Science in Accounting and Financial Management / Master of Financial Management and Information Systems

Students must complete all requirements for the first degree before beginning the second degree. All courses except INFA 610 must be completed before enrolling in MSAS 670. Degree is available both ways.

Required Courses

UCSP 615 Orientation to Graduate Studies at UMUC (0), to be taken within the first 6 credits of study.

  • ISAS 610 Information Systems Management and Integration (3)
  • ISAS 630 Systems Analysis and Design (3)
  • ISAS 650 Information Technology, the CIO and Organizational Transformation (3)
  • INFA 610 Foundations of Information Security and Assurance¬† (3)
  • IMAT 637 IT Acquisitions Management (3)
Capstone Course

MSFS 670 Financial Management and Information Systems Capstone (3)

Note: If you began a dual degree program prior to fall 2007, some of your course names and numbers may have been updated. Please review the Dual Degree Study Plans for more information.

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Accounting & Financial Management


Dual Degree Options

Enhance the power of your Accounting and Financial Management degree with one of the following dual degree options:

  • MS in Accounting and Information Systems
  • MS in Financial Management and Information Systems

Related Graduate Certificates

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