Master of Business Administration – Accounting Specialization
Ready to develop advanced accounting skills? Salem International University can help. Our MBA with an Accounting concentration produces graduates with business leadership skills and a global outlook. Our courses prepare students with previous accounting course experience to solve complex business problems and manage change wisely.
Our MBA with an accounting concentration builds on this knowledge, offering specialized courses in auditing, accountancy, and taxation that can help you go farther in business. And with an accelerated course structure that allows you to graduate in as little as 12 months, a Salem MBA can help you get started sooner.
Objectives of This Program
The 12-month, 36-credit MBA in Accounting at Salem International University prepares you for advanced business roles that focus on the accounting function. After graduation, you should be a competent and effective business problem-solver who can:
- Apply technical knowledge of business law, GAAP, and accounting ethics to accounting functions.
- Provide accurate and appropriate reporting and understand the impact of specific events (e.g. mergers and acquisitions) on accounting statements.
- Use accounting information as part of the strategic business decision-making process.
- Manage and monitor junior accounting professionals.
- Demonstrate exceptional professional integrity and ethical behavior in accounting in accordance with American Institute of Certified Public Accountants (AICPA) guidelines.
This MBA offers targeted knowledge that can prepare you for upper-level careers in accounting:
Program of Study
Our MBA program consists of twelve courses: seven core classes and five in the accounting concentration. It is available online or on campus in West Virginia.
Core MBA Courses:
- ACC515 Accounting for Managers
- BUS500 Applied Business Statistics
- BUS505 Business Communications
- BUS699 Enterprise Strategic Planning and Change Management
- ECO570 Managerial Economics
- FIN560 Financial Management
- MKT530 Marketing Management
Accounting Concentration Courses:
- ACC551 Advanced Accounting
- ACC552 Accounting Ethics
- ACC553 Advanced Auditing
- ACC554 Business Law
- ACC555 Forensic Accounting
ACC515 – Accounting for Managers (3 Credits)
Students will survey accounting principles and practices to learn the rationale for and implications of important accounting concepts and accounting procedures necessary to analyze and evaluate financial statements. The course examines budgeting, profit planning, budget control processes, tax planning, inventory management, cash forecasting, financial reporting, required financial disclosures, and international monetary transactions. Emphasis is placed on the use and importance of financial statements in the managerial decision-making process and ethical standards in accounting. Case studies and readings in accounting are used for practical application.
BUS500 – Applied Business Statistics (3 Credits)
A study of the statistical models, probability distributions, hypothesis testing, regression, transformation, analysis of variance, chi-square, time series analysis, forecasting, and queuing theory. Emphasis is on the practical application of management science tools to solve business problems and using computer applications of business statistical methods.
BUS505 – Business Communications (3 Credits)
Students are exposed to the importance and implications of clear, correct, and coherent communication in the business environment. Emphasis is placed on the effective use of written and oral communication in management and executive functions, the development of negotiation skills, and presentations to customers, senior management, and executive boards.
BUS699 – Enterprise Strategic Planning and Change Management (3 Credits)
This capstone course is a review of modern strategic thinking and change management for the purpose of integrating three major types of challenges in steering an organization: (1) internal and external analytical assessment, (2) world uncertainty and unexpected events, and (3) human psychology and inertia. In connecting these tangible and intangible issues in the strategies process, the student will learn how internal and external forces do not always align with the human energy, and as a result the strategy that emerges is not always the intended one. Simulation exercises, case analysis, and synthesis of cross-functional practices will be applied in team works and written and oral presentations.
ECO570 – Managerial Economics (3 Credits)
The course is a study of the use of economic theory in managing the organization. Students will develop the ability to apply economic analysis to the solution of problems faced by management and understand the economic basis for business policies and key economic concepts that can serve as a framework for business decisions, linear programming, forecasting, and economic modeling of financial investments. Emphasis is placed on understanding how economic modeling is used to make decisions on price, output, investment, and related matters, and the consequences of economic decisions.
FIN560 – Financial Management (3 Credits)
The course covers major issues facing a manager, including financial statement analysis; discounted cash flow analysis, time value of money; risk-return trade-off, valuation of financial assets, capital budgeting, financial planning, cost of capital; long-term financing through debt and equity, and the analysis of various financial models to improve existing short- and long-term asset management. Emphasis is placed on the importance of resource management in decision making and the role of leverage and its impact on the enterprise.
MKT 530 – Marketing Management (3 Credits)
This course studies the marketplace and the role of marketing in an organization. Students will learn about the influence of the marketplace and the environment, the process of marketing decision-making, design and use of the organization’s marketing.
ACC551 – Advanced Accounting (3 Credits)
This course emphasizes proper financial reporting with students examining complex financial statements. Students will study techniques used within acquisitions and understand the effect on businesses and statements. In addition, the course will explore intercompany asset transactions, cash flows statements, preparing adjustments for dilution of share price and stock transactions. Topics include ownership and taxes, Generally Accepted Accounting Principles (GAAP) and how they relate to interim reporting and concepts of hedging and foreign exchange risks. In addition, the course will explore the accountants’ role with respect to the Securities and Exchange Commission (SEC) and the International Accounting Standards.
ACC552 – Accounting Ethics (3 Credits)
This course provides the methodology and framework necessary for governance in the 21st Century. The course incorporates the American Institute of Certified Public Accountants (AICPA) guidelines. The course focuses on the importance of a dedication to ethical individual and corporate behavior and how this approach ultimately benefits institutions and investors. The course also emphasizes audit and personnel oversight in addition to developing a standard set of ethics used within a corporate environment.
ACC553 – Advanced Auditing (3 Credits)
Advanced auditing topics are examined including the nature and theory surrounding the audit of financial statements with emphasis on the procedures and techniques used during the course of an audit engagement. Additionally, generally accepted auditing standards are reviewed in conjunction with the role, responsibility, and liability of the auditor.
ACC554 – Business Law (3 Credits)
This course emphasizes business ethics and social responsibility within the context of commercial law. Tort and contract law as well as legal concepts such as consideration and agreements are explored. Topics include liability, consumer credit and secured transactions as well as mortgages from the accountants’ perspective. In addition, the legal aspects of bankruptcy, the principal and agency relationship, business formation, securities regulation, employment law, antitrust law, unfair trade practices and management/labor agreements are detailed.
ACC555 – Forensic Accounting (3 Credits)
This course will detail and provide a framework for fraud detection with an emphasis on how such activity can be mitigated. The minimization of malicious activity in a business environment focusing on electronic computing devices will also be detailed. In addition, the proper method for conducting an investigation utilizing the correct forensic tools will be offered along with the standards and procedures necessary to document and provide evidence in a courtroom setting as an auditor.
Overview of Admission Requirements
Applicants to our Master of Business Administration programs must meet the following requirements:
- Hold a bachelor’s degree from an accredited college or university (or an international institution with appropriate credential evaluation).
- Meet prerequisite coursework requirements (varies by program).
International students will need to provide results of a credential evaluation and proof of English language capability.
Earn Your Accounting MBA
Take your career to the next level—earn your MBA with a concentration in Accounting. Talk to a Salem International University admissions advisor for more information today!