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Overview

Students in the Accounting emphasis study accounting theories and principles as recognized and practiced by professional accountants. They learn how to solve complex accounting problems using current tools and technologies. They also learn how to properly manage the financial transactions of individuals, companies, and other entities. Our students are trained in the necessary skills for both public accounting (CPA) and management accounting (CMA) careers.

Graduates from this emphasis enter the business world equipped with biblical values that will shape why and how they work as accountants. They are equipped with wisdom regarding the ethical aspects of their chosen profession, giving them the knowledge and discernment necessary to honor Christ in their work. Our graduates are held in high regard by employers because of their honesty, integrity, and work ethic, and many have gone on to positions at the Big Four.

Business Core Courses

MGT330 3 Units

Presents comprehensive coverage of the major concepts and principles of the human communication process and analysis of the various forms of communication used by managers. The media of managerial communication include verbal delivery, as well as written letters, reports, memoranda, etc.

ECN210 3 Units

An introduction to microeconomic principles and terminology. The primary focus is on the business firm and the decisions it faces. Topics include review of the economic problem, mechanics of supply and demand, elasticities, consumer utility, production costs, and the competitive environment. A basic knowledge of mathematics and graphs is assumed.

MKT350 3 Units

An introduction to marketing management in relation to the total business environment. Involves a study from the conception of the idea for goods or services to its ultimate utilization by the consumer with emphasis on major decision areas and tools.

MGT310 3 Units

An examination of the fundamentals of managerial functions and the basic concepts and principles of modern management. Emphasis is placed on the interrelationships of planning, organizing, controlling, decision making, and accepted practices used in directing the activities of an organization in the achievement of desired objectives.

ACC210 3 Units

This course is an intensive study of the processes and procedures that accountants use for analyzing, recording, and reporting a business organization’s assets, liabilities, and owner’s equity.

ACC220 3 Units

This course completes the study of financial accounting begun in ACC210 by examining the procedures for reporting liabilities and stockholders’ equity on external financial statements for a corporation. Then, the course explores management’s use of job order, process, and standard cost accounting systems for decision making. Additional topics include the preparation of budgets, ratio analyses, and federal income tax returns. Prerequisite: ACC210

MIS320 3 Units

This course teaches computer applications that are accepted as standard in the business world. Emphasis is placed on the practical implementation of end user software in a business environment. The use of spreadsheet and database programs to support business processes will be studied in depth. Excel and Access will be used in this class. Prerequisite: instructor’s approval.

INB311 3 Units

This course biblically examines global business ethics, values, and strategies that shape and guide the believer, the church, and the company in the global business enterprise.

BUS320 3 Units

Principles of business law covering the fields of contracts, agency, personal property, sales, negotiable instruments, partnerships, and corporations.

BUS330 3 Units

This course begins with a survey of the philosophical underpinnings of ethical positions followed by relevant biblical considerations. An analysis of contemporary ethical cases taken from economics and from business follows. Fulfills the P311 G.E. requirement for Business majors.

BUS310 BUS310

Topics include descriptive statistics, elements of probability, probability distributions, sampling, estimation and confidence intervals, tests of hypotheses, linear regression, and correlation.

FIN440 3 Units

Valuation methods available to the manager to determine the optimal financial structure of the firm. Emphasis is on financial statement analysis, cash flow analysis, capital budgeting, investment, and financing decisions. Prerequisite: ACC220.

ACC460 3 Units

A study of the chronological progress of the income tax system combined with the Federal Revenue codes under the changing political and economic environments. Emphasis is on the elements of gross income, adjusted gross income, exclusions, itemized deductions, exemptions, and preparation of individual tax returns in detail. A brief introduction to tax laws for corporations, partnerships, estates, and trusts will also be included.

ACC490 3 Units

A course examining contemporary business issues through integrating coursework and acquired knowledge in the business discipline. Attention will be given to a biblical worldview, vocational pursuit, and a strategy for life-long learning. An additional course component is senior assessment. Prerequisite: senior standing or permission of the department chairperson.

Accounting Emphasis Courses

ACC311 3 Units

A comprehensive study of financial statements of business enterprises, focusing on the systematic development of theory and practice from generally accepted accounting principles. Prerequisite: ACC220.

ACC312 3 Units

An analytical study of the corporate form of entity accounting with stocks, bonds, long and short-term investments, revenue recognition, pension plans, lease arrangements, and existing reporting practices promulgated by leading professional organizations. Prerequisite: ACC311.

ACC302 3 Units

Presents the theories and practices of generally accepted accounting principles and fund accounting techniques used by governmental and non-profit organizations, with an emphasis on Christian ministry accounting. Prerequisite: ACC210.

ACC331 3 Units

An all-inclusive study of professional responsibility and ethics in the accounting profession. This course will provide students with comprehensive knowledge of ethical standards from state agencies and professional organizations.

ACC431 3 Units

Theories and practices relating to management planning and control through methods of cost accumulation. Job order, process, and standard costing systems are studied as methods of cost accounting and cost distribution. Prerequisite: ACC220.

ACC442 3 Units

Presents the procedures and practices employed by auditors to systematically appraise and examine the reliability, adequacy, and effectiveness of the client’s financial statements. Describes the duties and responsibilities of independent auditors, the methods of preparing audit reports and the manner of expressing opinion as to the fairness of the financial reports under audit. Prerequisite: ACC312.

ACC451 3 Units

An exhaustive study of earnings per share using dilutive and anti-dilutive securities, preparation of multi-step income statements, and a detailed study of techniques of preparation of consolidated corporate statements. Prerequisite: ACC312.

ACC462 3 Units

A comprehensive study of tax laws and returns for corporations, partnerships, estates, and trusts. Studies include specially taxed corporations, taxation of securities, retirement, pension plans, and gift taxes. Prerequisite: ACC220; ACC460 is recommended but not required

CAREER OUTCOMES
  • Certified Public Accountant (CPA)
  • Tax Manager
  • Controller
  • Financial Analyst
  • Chief Financial Officer (CFO)
  • Auditor
  • Treasury Positions
ADMISSION REQUIREMENTS

The Master’s University is committed to providing quality Christian education to believers around the world.

To be admitted as a graduate, degree-seeking student in the School of Online Education, you must meet the following requirements:*

  • Have a clear profession of faith in Jesus Christ as your personal Savior. 
  • Be a high school graduate or have a GED certificate. 
  • Demonstrate college-level writing ability. 
  • Submit official transcripts from all other colleges and universities attended.
66
Number of Credit Hours
22
Months (Full time, not including GE Requirements)
$450
Per Credit (Major Courses)
$29,700*
Total Avg. Cost (Not Including GE Requirements)
Class Type
8-week, 100% Online
*Does not include financial aid
  • Rachel DuFault Admission Counselor
    Rachel DuFault Admission Counselor
    (877) 302-3777
    rdufault@masters.edu