UMUC

Graduate School of Management & Technology - Programs

Master of Science in Accounting and Financial Management

Program Description

The Master of Science in Accounting and Financial Management (MSAF) is designed for individuals who want to concentrate their graduate studies in finance and accounting as an alternative to a general management or general business-related degree.

There is substantial demand in the workforce for professionals and managers who possess specialized skills, knowledge, and abilities in both the accounting and financial management disciplines.

The program emphasizes understanding the financial reporting process and its effect on financial markets, as well as using and analyzing financial information, to prepare students to assume positions of increasing responsibility within the financial operations of an organization.

Program Overview

The curriculum requires 36 credits and consists of five accounting courses, six financial management courses, and one program capstone.

Note: Successful completion of the program may satisfy the educational requirement for candidacy for the Certified Public Accountant (CPA) exam. Educational requirements to sit for the CPA exam or to practice as a CPA vary among states. Students are responsible for staying abreast of the current requirements of the state in which they will sit for the exam or practice professionally.

Program Requirements

Program Rules

  1. Students must have completed 15 credits of undergraduate accounting courses with a grade of C or better in each course before enrolling in any graduate accounting course.
  2. Students without recent coursework in accounting or economics are strongly advised to complete UCSP 620 and UCSP 621 before enrolling in MGMT 640.
  3. ACCT 610 must be taken prior to any other accounting courses.
  4. Students must complete MGMT 640 before enrolling in FIN 610, and FIN 610 must be completed before any other financial management course.
  5. FIN 610, FIN 620, and FIN 630 are prerequisite to FIN 660.
  6. Students must complete all courses except either FIN 645 or ACCT 665 before enrolling in MSAF 670.

Recommendations

  1. It is strongly recommended that ACCT 612 be taken before ACCT 608.
  2. Students who wish to improve their graduate writing skills may take COMM 600, Academic Writing for Graduate Students (3).

Required Accounting Courses

UCSP 611 Introduction to Graduate Library Research Skills (0), to be taken within the first 6 credits of study

Required Financial Management Courses

  • MGMT 640 Financial Decision Making for Managers (3)
  • FIN 610 Financial Management in Organizations(3)
  • FIN 620 Capital Markets, Institutions, and Long-Term Financing (3)
  • FIN 630 Investment Valuation (3)
  • FIN 645 Behavioral Finance (3)
  • FIN 660 Strategic Financial Management (3)

Capstone Course: MSAF 670 Accounting and Financial Management Capstone (3)

Note: Some course names and numbers were updated beginning with the fall 2007 semester. If you began the program prior to fall 2007 and have chosen to follow your original, pre-fall 2007 requirements, you should use the pre-fall 2007 Study Plan for this degree.