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The Master of Accountancy (MAcc, MAcy, or MAccy), alternatively Master of Science in Accounting (MSA or MSAcy) or Master of Professional Accountancy (MPAcy, MPAcc, MPA or MPAc), is a graduate professional degree designed to prepare students for public accounting; academic-focused variants are also offered.
Master of Accountancy (MAcc, MAc, MAcy or MPAcc), alternatively Master of Professional Accountancy (MPAcy or MPA), or Master Science in Accountancy (MSAcy) is typically a one-year, non-thesis graduate program designed to prepare graduates for public accounting and to provide them with the 150 credit hours required by most states before taking the CPA exam.
In 2009, the Codification superseded the FASB's Statements of Financial Accounting Standards. 168 standards had been issued before the Codification. Concepts Statements, first issued in 1978. They are part of the FASB's conceptual framework project and set forth fundamental objectives and concepts that the FASB use in developing future standards.
The MSA program is a branch of the Master of Public Administration (MPA) and Master of Business Administration (MBA). The MSA combines courses from several fields, including psychology, economics, political science, statistics, computer science, business administration, technology and resource management.
Master of Taxation (MTax), Master of Business Taxation (MBT), or Master of Science in Taxation (MSTax) is a higher degree in taxation conferred by universities. MTax programs prepare graduates for executive careers in the accounting profession with a focus on taxation, where effective decisions require a detailed understanding of tax consequences.
The trial balance, which is usually prepared using the double-entry accounting system, forms the basis for preparing the financial statements. All the figures in the trial balance are rearranged to prepare a profit & loss statement and balance sheet. Accounting standards determine the format for these accounts (SSAP, FRS, IFRS). Financial ...
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A Master of Business (MBus) or Master of Business Studies (MBS) is an academic degree refers to a qualification in the degree of master that can be obtained by students of recognized universities and colleges who complete the relevant approved postgraduate programmes of study, pass the prescribed examinations, and fulfil all other prescribed conditions.