M.S. in Accounting - Financial Operations Focus
Credit Hours
Month Completion
Class Type
Placement Tests
GMAT/GRE not required for admission

Transform your leadership and career with an online master’s degree in accounting

Gone is the age-old stereotype of accountants as heads down, paper-pushing nerds. Today’s accountants are leaders and trusted advisors. Franklin’s theory-to-practice M.S. in Accounting with a focus in Financial Operations is a 17-month, online program that equips you to think critically about big-picture accounting systems and processes, communicate more effectively, and leverage technology in new and innovative ways.

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IACBE Accredited

Our program follows best-practice standards for business education.

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Finish your master's in as few as 17 months.

Real-World Practitioners

Learn best practices from in-field accounting professionals.

M.S. in Accounting Financial Operations Focus Program Overview

Meet the demands of ever-evolving business changes in organizations

You will gain in-depth understanding of both the technical and non-technical aspects of accounting and be prepared to competently research and communicate complex accounting issues. Course assignments will require you to apply your knowledge so you can actively engage in activities similar to those you'll encounter in business organizations.

But at Franklin, it’s more than what you learn, it’s also how you learn. Faculty members, in-field practitioners, bring a wealth of expertise to each course. Your peers, who are working adults in a variety of industries, provide insight and perspective. The combination yields interactive learning experiences alongside a growing professional network that benefits you now and well into the future.

Gain employers’ top-ranked skills in communication, research and technology

You’ll be exposed to integral concepts that include forensic accounting, auditing and data mining, risk analysis and management, and enterprise resource planning (ERP) systems. 

You’ll learn to navigate tools of the trade such as Microsoft® Dynamics ERP Software and effectively utilize ACL™ Data Mining Software for in-depth analysis of information. You will research and analyze various management control processes and systems. 

Hands-on assignments provide experience in researching accounting issues as they arise. You’ll build your analytical skills, as well as the communication skills to confidently and clearly present your findings. 

Lay the foundation for professional certification 

You’ll emerge from the M.S. in Accounting with a focus in Financial Operations with the educational background and framework to seek in-demand certifications like Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA) or Certified Fraud Examiner (CFE).

Even if you opt not to pursue certifications, you’ll have the relevant knowledge and skills for employment or promotion in public accounting, private industry or government. With accreditation from the International Assembly for Collegiate Business Education (IACBE), Franklin's transfer-friendly Master's in Accounting program is a respected degree with value in any workplace.

Transfer up to 12 credits and finish your online master’s in accounting faster

If you have taken graduate-level accounting courses, you may be able to transfer credit and save time and money toward your Franklin master’s degree. Franklin offers course-for-course credit to satisfy elective requirements for the M.S. in Accounting. To see if your previous coursework can be used to satisfy degree requirements, you’ll need to submit a syllabus for the course(s) you’d like to have evaluated for transfer credit. Your admissions advisor will be happy to assist you in any way.  

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Kelly W.

M.S. in Accounting '21

"Earning my master's degree means that I am able to provide a different future for my daughter and shows her the benefits of hard work and education."

IACBE Accredited Program

The Ross College of Business at Franklin University has received specialized accreditation for its business programs through the International Accreditation Council for Business Education (IACBE) located at 11960 Quivira Road, Suite 300, Overland Park, Kansas, USA. For a list of accredited programs please view our member status page.

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Future Start Dates

Start dates for individual programs may vary and are subject to change. Please request free information & speak with an admission advisor for the latest program start dates.

Your Best Value M.S. in Accounting

Choose Franklin's accredited M.S. Accounting and get a high-quality degree that fits your life and your budget. 

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Affordable tuition rates for the M.S. in Accounting provide value and quality.

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M.S. in Accounting Financial Operations Courses & Curriculum

Major Area Required
ACCT 710 - Introduction to Research in Accounting (2)

A study of the fundamentals of research processes in accounting. The primary focus of the course will be on analyzing specific accounting issues and common methodologies used in accounting research and on evaluating research results using examples from current accounting literature.

OR ACCT 711 - Introduction to Tax Research (2)

A study of the fundamentals of tax research processes. The primary focus of the course will be on analyzing specific tax issues and common research methodologies used in tax research and on evaluating research results using examples from current tax literature.

ACCT 715 - Financial Accounting Theory (4)

A study of financial accounting theory as it relates to decision making in a contemporary, global financial reporting environment. Key areas of concentration include development of accounting theory, international financial accounting standards, revenue recognition, review of financial statements and their components, working capital, income taxes, leases, post-retirement benefits, and business combinations.

ACCT 725 - Management Control Processes & Systems (4)

A management system is a set of policies, processes, and procedures used by an organization to ensure it can fulfill the tasks required to achieve its objectives. During this course, we will analyze various management and leadership systems used by managers to ensure goals and strategies are being implemented throughout the organization. Case analysis and research are emphasized.

ACCT 795 - Accounting Research Seminar (4)

This seminar course will provide students with a capstone experience of their academic studies. Students will research and analyze recent literature, both professional and academic, in accounting, focusing on the impact of current developments in various areas of the accounting profession. Students will also apply accounting research strategies, learned over the course of their studies in the program, to a topic agreed upon by the student and professor. Students will present their research findings to colleagues at the end of the course.

Focus Area


ACCT 751 - Advanced Personal Income Taxation (4)

This course provides a detailed review of the most prominent income, deduction, and credit issues affecting individuals, particularly those affecting high-income or net-worth individuals or those involved in certain specialized transactions. Topics discussed will include: detailed review of certain itemized deductions; the various loss limitation rule provisions, including the passive activity and at-risk loss limitation rules; the treatment of certain business income and expense items, including individual net operating losses; significant equity and property transactions; and the alternative minimum tax (AMT). Substantial emphasis will be placed on key compliance issues and tax planning opportunities for individuals, particularly those involved in investment, business, or other entrepreneurial activities. The class will include numerous components requiring students to apply the tax law to completing tax forms and in performing tax research related to issues in the course.

ACCT 752 - C-Corporation Taxation (4)

This course provides a comprehensive overview of the fundamental tax principles and consequences of corporate formation, operation, and liquidation to both corporations and their shareholders. Principle topics covered include: corporate formation and capital structure, including the treatment and utilization of debt and the application of Section 351; the taxation of corporate operations, including prominent property transactions, tax incentives and credits, and significant deductions; determination of earnings and profits; the tax treatment of distributions or other payments to shareholders and/or corporate officers; stock redemptions; and corporate liquidations and corporate reorganizations, including mergers, acquisitions, and divisive reorganizations.

ACCT 753 - Pass-Through Entity Taxation (4)

This course covers pass-through entities (partnerships and S-corporations), exempt entities, and family tax planning issues. Partnership topics include partnership formation, operation and basis, distributions, transfer of interests, and terminations. S-corporation taxation focuses on S-Corporation status, operational rules (including taxable income), allocation of income/loss, distributions to shareholders, and basis. Exempt entities are examined including types and characteristics, excise taxes, unrelated business income tax, and reporting requirements. Lastly, the course addresses issues relevant to family tax planning including federal gift and estate taxes, valuation, and income tax concepts. Attention will also be given to practical tax applications including key compliance, reporting issues, and tax planning opportunities.

ACCT 755 - Federal Tax Practice & Procedure (4)

In this course, students are introduced to the responsibilities of practitioners dealing with the Internal Revenue Service. It includes a comprehensive overview of the many aspects of dealing with the Internal Revenue Service (IRS) in tax matters. Students will gain a full understanding of the organization of the IRS. The major topics addressed in the course are ethical responsibilities, tax examinations by the IRS, audit procedures, the authority of the IRS, assessment procedures, statute of limitations, interest and penalties, the appeals process, the collection process, claims for refund and private letter rulings.


Financial Operations:

ACCT 731 - Enterprise Resource Planning Systems (4)

A study of the enterprise resource planning (ERP) systems used by organizations to integrate information flow through a wide variety of disparate functions. This course involves analyzing how an ERP system works, examining the advantages and risks of ERP systems, and evaluating ERP system implementation strategies. Case analysis is emphasized.

ACCT 732 - Forensic Accounting (4)

A study of the investigative and analytical skills used in preventing, discovering, and resolving financial irregularities in a manner that meets the standards required by applicable laws and/or regulations. The course begins with an examination of the legal fundamentals of forensic accounting followed by an analysis of the key tools and techniques used by forensic accountants. This foundational background is then used in the analysis of common forensic accounting applications. Case analysis is emphasized.

ACCT 733 - Advanced Auditing and Data Analytics (4)

A study of auditing issues from case studies and application of data mining techniques in solving audit issues. Key area of concentration with case studies include client acceptance, understanding client business, audit risk assessment, materiality, fraud considerations, internal control objectives and deficiencies, auditing business processes and related accounts, and professional and ethical responsibilities. Key areas of focus with data mining techniques include application with ACL software tables, filters, and commands; audit planning; test of transactions and test of balances. Students will also explore the use of ACL software for forensic auditing and management reports.

ACCT 734 - Enterprise Risk Analysis & Management (4)

A study of the identification, analysis, measurement, management of operational and financial risk within an organization. Key areas of focus include a historical perspective of risk, the implementation of a risk management program, allocation of capital, and measurement of performance.

ACCT 215 - Financial Accounting (4)

This course is an introduction to accounting, emphasizing how general-purpose financial statements communicate information about the business corporation's performance and position for users external to management. Approximately one third of the course emphasizes how the accountant processes and presents the information and includes exposure to recording transactions, adjusting balances and preparing financial statements for service and merchandise firms according to established rules and procedures. The balance of the course examines major elements of the statements such as cash, receivables, inventory, long-lived assets, depreciation, time value of money, payroll, bonds, and other liabilities and stocks. Concepts of this course are applied to ACCT 225 (Managerial Accounting). Students are advised to avoid any time lapse between these two courses.

ACCT 225 - Managerial Accounting (4)

The study of management accounting for internal reporting and decision-making. The course introduces a business-management approach to the development and use of accounting information. Major topics include cost behavior, cost analysis, profit planning and control measures. Accounting for decentralized operations, capital budgeting decisions, and ethical challenges in managerial accounting are also covered.

ACCT 310 - Intermediate Accounting I (4)

Intermediate Accounting I is the first of two in-depth financial accounting courses. Theory, the conceptual framework, development of generally accepted accounting principles, and applications are stressed. Topics include the income statement, statement of cash flows and, the balance sheet, specifically the asset accounts.

ACCT 320 - Intermediate Accounting II (4)

This course is the second of two in-depth financial accounting courses. Theory, concepts, and applications are stressed. Topics include time value of money, current and non-current liabilities, leases, deferred taxes, retirement benefits, stockholders' equity, earnings per share, accounting changes and errors, and the statement of cash flows.

ACCT 470 - Auditing (4)

A study of the planning, evidence gathering, internal control review, sampling, and application of procedures used to audit assets, liabilities, equity and related income statement accounts of a profit-oriented enterprise. Includes an evaluation of the audit profession including professional standards, ethics and liability of CPAs. Also includes a student-prepared audit case for hands-on application of audit procedures. The reporting requirements for compilation and review services and a thorough study of the types of audit opinions will also be studied. In addition, an audit research paper is required.

Complete the above courses or the equivalent from an accredited school. Prerequisites must be completed with a grade of C or better. ACCT 470 is only needed for students taking ACCT 733.

M.S. in Accounting - Financial Operations Focus Program Details


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M.S. in Accounting Financial Operations Careers

Financial Auditor

Financial auditors review documents for accuracy and to ensure that financial documents comply with Generally Accepted Accounting Principles.


Controllers manage the accounting and payroll functions, while implementing policies and procedures to ensure that financial records are prepared accurately, expenses are paid, and that any money owed to the company is collected.

Chief Financial Officer

CFOs oversee all financial activities of an organization including directing current reporting and creating forecasts to predict future growth.

Accounting Employment Outlook


From 2021-2031, jobs in Accounting are expected to increase by 5%

All Occupations

4,854,270 jobs
5,084,143 jobs
Show Details >

Accountants and Auditors

1,458,659 jobs
1,551,112 jobs

Budget Analysts

54,123 jobs
56,840 jobs

Credit Counselors

36,466 jobs
39,666 jobs

Financial Examiners

74,649 jobs
81,828 jobs

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Accounting Financial Operations Knowledge & Skillsets

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M.S. in Accounting Financial Operations Frequently Asked Questions (FAQs)

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