Business is a complex and fast-changing environment that requires sound knowledge of financial principles to understand. Although a master’s in business administration will provide such knowledge, a concentration in accounting offers further advancement into the territory of finances, taxes, and regulation. With an accounting concentration further financial discipline will be applied to business as well as education on various business matters such as proper financial reporting, mergers and acquisitions, and measuring economic efficiency from within the business. As many aspects of large corporations or other financial entities are highly regulated, students studying a master’s in business administration with a concentration in accounting will learn about what their implications are for business management.
Those with MBA degrees that specialize in accounting may choose to follow-up their studies by earning a Certified Public Accountant (CPA) license. With a strong background in finances and business savvy, a CPA can set up a successful private practice offering tax services or financial planning. MBA graduates with accounting skills will also be highly valuable in the business world as internal auditors, accounting managers, or tax preparers. Combining financial discipline with accounting practices can be a ticket for success in the fast-paced business and corporate world.
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