The MS in Accounting/MS in Finance dual degree offers students the opportunity to take advantage of course overlap between the MS in Accounting and MS in Finance curricula.

The MS in Accounting/ MS in Finance dual degree program combines specialized training for careers in corporate accounting, controllership, and public accounting with specialized training required for success in the financial professions. Students select either the corporate finance or the investments concentration in the MS-Finance. Students in the program can qualify to receive a 100% reimbursement of the cost of completing CPA exam preparation through CPAexcel®. The program is open to students with strong quantitative and analytical skills, regardless of their undergraduate major.

The program allows students to receive both the MS in Accounting and the MS in Finance simultaneously upon completion of 51-54 credit hours, depending on which MSF concentration is selected.

Students may enroll on a full- or part-time basis.  All courses in the program are offered on campus; many are also available on-line.  Course offerings are greatest during the fall and winter semesters, and the program usually can be completed within 12 months of full-time study.

Admission is rolling, and students may begin the program in September or January.  May admission is also usually possible for part-time students.

University of Michigan-Dearborn students who have been admitted to the program may take up to 6 graduate credits during the final semester of their undergraduate program.  Students must successfully complete their undergraduate degree before taking any additional graduate-level courses.

Note:  this program is currently treated as a student-initiated dual-degree program.

Curriculum

The MS in Accounting/MS in Finance requires 17 courses or 51 credit hours.

Students who wish to pursue the dual MS in Accounting and MS in Finance must meet the entrance requirements of both programs.

  • (3 courses/9 credits)

    BE 530 - Economic Analysis: Firm and Consumer
    DS 520 - Applied Statistical Modeling
    FIN 531 - Finance Fundamentals and Value Creation

    Previous equivalent undergraduate or graduate coursework may qualify students to exempt any of the foundation courses. Students must replace exempt MSF foundation courses with additional courses within their MSF concentration.

     

  • Choose one of the following MSF concentrations:

    MSF Corporate Finance Concentration

    Available online and on campus

    MSF Required Courses

    FIN 581 - Topics in Corporate Finance
    FIN 650 - Corporate Valuation and Strategy
    FIN 652 - Derivatives and Risk Management

    MSF Accounting Electives
    Choose two of the following courses, at least one of which must be ACC 514, ACC 555 or ACC 608:

    ACC 514 - Financial Reporting
    ACC 516 - Advanced Financial Accounting I
    ACC 555 - Cost Management
    ACC 560 - Introduction to Federal Income Taxation
    ACC 601 - Information Technology Auditing
    ACC 603 - Controllership
    ACC 608 - Financial Statement Analysis
    ACC 660 - Advanced Federal Income Taxation

    MSF General Electives
    Choose two courses from:

    BE 583 - The Global Economy: Crisis and Growth
    FIN 651 - Investment Process, Analysis and Management
    FIN 654 - Financial Intermediation
    FIN 655 - International Financial Management
    BA 690 - Graduate Research
    BI 500 - Business Internship

    At most one of the following:

    DS 630 - Applied Forecasting
    DS 631 - Decision Analysis
    DS 632 - System Simulation

    MSF Investments Concentration

    Available on campus

    MSF Required Courses

    ACC 608 - Financial Statement Analysis
    FIN 651 - Investment Process, Analysis and Management
    FIN 652 - Derivatives and Risk Management
    FIN 653 - Topics in Investments and Capital Markets

    MSF Electives
    Choose two courses from:

    BE 583 - The Global Economy: Crisis and Growth
    FIN 581 - Topics in Corporate Finance
    FIN 654 - Financial Intermediation
    FIN 655 - International Financial Management
    FIN 656 - Fixed Income Securities
    BA 690 - Graduate Research
    BI 500 - Business Internship

    At most one of the following:

    DS 630 - Applied Forecasting
    DS 631 - Decision Analysis
    DS 632 - System Simulation

  • (7 courses/21 credits)

    ACC 505 - Developing and Interpreting Financial Information
    ACC 514 - Financial Reporting
    ACC 516 - Advanced Financial Accounting I*
    ACC 555 - Cost Management
    ACC 557 - Auditing*
    ACC 560 - Introduction to Federal Income Taxation*
    ACC 580 - Accounting Information Systems

    *Simultaneous credit toward the BBA Accounting major and MSA for students admitted to the Accounting 4+1 program

  • (2 courses/6 credits)

    The MSA Electives are NOT REQUIRED of students selecting the MSF Corporate Finance concentration, above.

    Choose two courses from:

    ACC 539 - Not-For-Profit Accounting^
    ACC 601 - Information Technology Auditing^
    ACC 603 - Controllership^
    ACC 604 - Auditing and Forensic Examinations
    ACC 605 - International Accounting
    ACC 608 - Financial Statement Analysis
    ACC 614 - Advanced Financial Accounting II^
    ACC 657 - Advanced Auditing and Assurance Services^
    ACC 660 - Advanced Federal Income Taxation^
    LE 510  - Commercial Transactions^

    ^Recommended for students who intend to take the CPA exam

Programs Details

    • Complete at least 15 BE and FIN credits, excluding BE 530 and FIN 531


    Previous undergraduate or graduate coursework deemed substantially similar to the MSA core courses may qualify to exempt students from those courses. Students must replace exempt MSA core courses with additional MSA electives.

    Previous coursework deemed substantially similar to BE 530, DS 520 or FIN 531 may qualify to exempt students from these MSF foundation courses. Students must replace exempt MSF foundation courses with additional courses within their MSF concentration.

    Regardless of exemption credits granted, students must earn at least 51 credits in the dual-degree program if completing the MSF Corporate Finance concentration, or at least 54 credits if completing the MSF Investments concentration.

    In addition, up to 6 transfer credits for previous equivalent graduate coursework can be applied to the degree if those credits have not been counted toward a degree.

    Exemptions and transfer credit are granted at the discretion of the program faculty.

  • MS in Accounting

    Goal: MS in Accounting students will be able to integrate theory and applications in a wide variety of business situations.

    Objectives: MS in Accounting students will:

    1. Be able to effectively communicate ideas orally, in writing, and using computer technologies.
    2. Integrate multiple sources of information to formulate solutions to complex business issues.
    3. Apply standards and regulations that affect multinational businesses.
    4. Apply standards of practice to business situations.


    MS in Finance

    Goal 1:  Students will demonstrate analytical skills in solving problems.

    Objectives of the Corporate Finance concentration:  MS in Finance students will have the ability to:

    1. Analyze and manage risk in a global setting.
    2. Estimate the value of real assets.
    3. Evaluate managerial decisions concerning financial policy.​


    Objectives of the Investments concentration:  MS in Finance students will have the ability to:

    1. Analyze and manage risk in a global setting.
    2. Estimate the value of financial assets.
    3. Apply portfolio theory concepts to construct optimal risky assets portfolios that meet the objectives and constraints of their clients.


    Goal 2:  Students will be persuasive and/or informative communicators.

    Objective 1:  MS in Finance students will be able to convey finance knowledge through effective communication.