Master of Accounting & Financial Management (MAFM)

Study at Keller on campus, online or a mix of both

We give you the flexibility to attend classes at any of our 90+ campus locations, take all of your graduate courses online or even do a combination of both.

Explore online learning

At Keller, we offer online graduate classes taught with the same focus on personal attention and academic rigor as classes taught on campus. And because courses are offered online, you can schedule working on your education around working on your career — not the other way around.

On campus and online

For those students who need the flexibility of studying online to balance work, school and life, but also want a classroom experience, we offer a mix of both on campus and online learning. Take some courses online and some at a location convenient for you, whichever best fits your schedule.

Tuition, fees and expenses^†
Master of Accounting & Financial Management

Choose one of the three following emphases:

• Finance Emphasis¹

  • Total Required Credit Hours: 45
  • Number of Standard Three-Semester-Credit Hour Courses: 15
  • Tuition per Standard Three-Semester-Credit Hour Course: $2,298
  • Textbook and Materials Expense²: $2,625
  • Total Program Cost³: $37,175
  • See payment options

  • Note: Tuition for Canadian residents enrolled in U.S.-based programs delivered online is charged in Canadian dollars at rates shown.
    1 Availability varies by location.
    2 At average estimated per-course expense for textbooks and materials of $175; average estimated per-course expense does not apply to exam-prep courses, the per-credit-hour cost for which includes textbook and materials expense.
    3 At current tuition rates and credit hours shown; includes $40 application fee ($30 for applicants at locations in Florida, Georgia and Tennessee), and average estimated textbook and materials expense.

• CPA Emphasis¹

  • Total Required Credit Hours: 45
  • Number of Standard Three-Semester-Credit Hour Courses: 12
  • Tuition per Standard Three-Semester-Credit Hour Course: $2,298
  • Number of Exam-Prep Credit Hours: 9
  • Number of Exam-Prep Courses: 4
  • Tuition per Credit Hour for Exam-Prep Courses: $590
  • Textbook and Materials Expense²: $2,100
  • Total Program Cost³: $35,026
  • See payment options

  • Note: Tuition for Canadian residents enrolled in U.S.-based programs delivered online is charged in Canadian dollars at rates shown.
    1 Availability varies by location.
    2 At average estimated per-course expense for textbooks and materials of $175; average estimated per-course expense does not apply to exam-prep courses, the per-credit-hour cost for which includes textbook and materials expense.
    3 At current tuition rates and credit hours shown; includes $40 application fee ($30 for applicants at locations in Florida, Georgia and Tennessee), and average estimated textbook and materials expense.

• CFE Emphasis¹

  • Total Required Credit Hours: 45
  • Number of Standard Three-Semester-Credit Hour Courses: 15
  • Tuition per Standard Three-Semester-Credit Hour Course: $2,298
  • Textbook and Materials Expense²: $2,625
  • Total Program Cost³: $37,175
  • See payment options

  • Note: Tuition for Canadian residents enrolled in U.S.-based programs delivered online is charged in Canadian dollars at rates shown.
    1 Availability varies by location.
    2 At average estimated per-course expense for textbooks and materials of $175; average estimated per-course expense does not apply to exam-prep courses, the per-credit-hour cost for which includes textbook and materials expense.
    3 At current tuition rates and credit hours shown; includes $40 application fee ($30 for applicants at locations in Florida, Georgia and Tennessee), and average estimated textbook and materials expense.

† Effective beginning July 2012.

Experience the real value of a graduate education

Not only will you be learning skills that could help you rise to the top of your field, you'll also be gaining a valuable credential that may affect your entire career. A graduate education could change your earning potential, ability to be promoted and more.

Financing options

There are many scholarships and other financial aid options available for qualifying students that may help make your graduate education more affordable. Click one of the links below for more info.

If you're a DeVry graduate, you may be eligible for up to four course exemptions^* through the Keller Fast Track.

^*Course exemptions are not available in New York or New Jersey

MAFM Graduation Requirements

Total program length varies based on the number of courses taken per 8-week session. That means that if you take 1 class per session, you could complete your degree program in as few as 30 months.

MAFM Coursework

Our degree program requires you to choose one of three emphases, allowing you to focus on the accounting and finance coursework that can help you reach your career goals. After completing the core requirements of your MAFM, you can take courses within the emphasis of your choice.

Click on a course name below for its full description.

Required program courses (18 credit hours)

Managerial Accounting (ACCT505) - 3 credit hours

Managerial Accounting focuses on developing, interpreting and applying accounting information for managerial decision-making. The course stresses using financial information within organizations for understanding and analyzing activities and operations. Students learn linkages between accounting information and management planning through cost analysis (including activity-based costing), operational and capital budgeting, and performance measurement. Prerequisite: ACCT504

Intermediate Accounting I (ACCT550) - 3 credit hours

This course deals with financial accounting practice and theory, including generally accepted accounting principles (GAAP); the conceptual framework; accounting information systems, including financial statement reporting and disclosures; the time value of money; cash controls; and accounting and reporting for cash, receivables, inventories and long-term assets. Prerequisite: ACCT505

Intermediate Accounting II (ACCT551) - 3 credit hours

Intermediate Accounting II extends the coverage of ACCT550 to include investments; intangible assets; current and long-term liabilities; stockholders' equity; contributed capital and retained earnings; dilutive securities; and earnings per share. Prerequisite: ACCT550

Federal Taxes and Management Decisions (ACCT553) - 3 credit hours

This course deals with the need to recognize important tax consequences of common business transactions and how substantially different tax liabilities can result from nearly identical economic events. The course emphasizes practical results rather than technical compliance requirements to achieve those results. Prerequisite: ACCT505

Intermediate Accounting III (ACCT557) - 3 credit hours

Intermediate Accounting III extends the coverage of ACCT551 to include revenue recognition; accounting for income taxes; pensions and postretirement benefits; leases; changes and error analysis; statement of cash flows; and disclosure issues. Prerequisite: ACCT551

Accounting and Finance: Managerial Use and Analysis (ACCT504) - 3 credit hours

This course introduces core accounting and finance concepts and tools needed by managers. Topics are presented from a user perspective and include transaction analysis; financial statement analysis and interpretation; financial ratio analysis; job-order costing; cost-volume-profit analysis; and operational, cash and capital budgeting. No prerequisite

Choose one of the three following emphases:

• Finance Emphasis

  • Emphasis courses (15 credit hours)

    Managerial Finance (FIN515) - 3 credit hours

    Managerial Finance teaches students financial concepts and tools needed for effective business planning. Topics, discussed from a practitioner viewpoint, include formation of interest rates, income taxes, working capital management, cost of capital, financial forecasting, external sources of capital, capital structure, company valuation and bankruptcy. Prerequisite: ACCT505

    Advanced Managerial Finance (FIN516) - 3 credit hours

    This course addresses risk, return and the capital asset pricing model; dividend policy; financing flexibility; valuation of securities; derivatives and risk management; and capital structure with the Modigliani-Miller models. The course provides a comprehensive view of financial management with insight into securities analysis, mergers/acquisitions and financial/futures options. Prerequisite: FIN515

    Securities Analysis (FIN560) - 3 credit hours

    Securities Analysis develops analytical skills for personal or business investment activities. Security selection based on technical and fundamental analyses is stressed. Techniques for analyzing risk and return are covered for specific investment opportunities. Modern and traditional portfolio management techniques are discussed. Prerequisite: FIN515

    Mergers and Acquisitions (FIN561) - 3 credit hours

    This course addresses corporate recombinations and resource allocation. Topics include advanced capital budgeting techniques and valuation methods. Strategies, tactics and rationale for mergers, acquisitions, leveraged buyouts and restructuring are discussed. Prerequisite: FIN515

    Financial Management Capstone: The Role of the Chief Financial Officer (ACCT600) - 3 credit hours

    This culminating course provides MAFM students with the opportunity to integrate knowledge and skills learned throughout the program and is intended to be taken as the last course other than the exam-preparation courses. Students integrate strategic planning, critical thinking and communication skills relating to both treasury and accounting responsibilities from the perspective of a chief financial officer. Prerequisite: successful completion of all other required MAFM program courses (except exam-preparation courses) before registration

  • Capstone Course: Financial Management Capstone: The Role of the Chief Financial Officer

    The Capstone Course is a culmination of your prior coursework and is often taken toward the end of your program. It gives you the opportunity to utilize the hard-earned knowledge and skills you've developed as a Keller student in a real-world setting, whether that's at your current workplace or by developing and implementing a business plan. Each year, the most outstanding and successful Capstone Project in its category is recognized with an achievement award.

  • Elective courses include four of the following for which you meet the prerequisites (12 credit hours)

    Management of Financial Institutions (FIN564) - 3 credit hours

    This course focuses on managing commercial banks and other financial institutions, and on the interaction of participants in money and capital markets. Management of lending is a major topic, and funds acquisition, capital management, portfolio management and issues relating to risk are discussed. Prerequisite: FIN515

    International Finance (FIN565) - 3 credit hours

    International Finance examines, in detail, international financial flows and balance of payment considerations. Corporate exposure to international currency fluctuations (including foreign exchange rates and markets), and methods of hedging risks in international transactions, are addressed. Prerequisite: FIN515

    Options and Financial Futures Markets (FIN567) - 3 credit hours

    This course develops students' ability to use current concepts, tools and strategies available in financial markets to enhance or protect investments. Topics include put and call buying; covered call writing; put hedging; futures speculation and hedging; and arbitrage. Also discussed are methods of valuation, and the function and purpose of the marketplace. Prerequisite: FIN515

    Advanced Financial Statement Analysis (FIN575) - 3 credit hours

    This course emphasizes fundamental techniques of financial statement analysis. Building on core accounting and investment concepts, coursework addresses analysis (including ratio analysis) and interpretation of financial accounting information such as that presented in balance sheets, income statements and statements of cash flows. Coursework also examines accounting information in investment and credit decisions. Prerequisite: ACCT504

    Real Estate Finance (FIN590) - 3 credit hours

    This course introduces and develops tools used in forecasting, measuring and analyzing returns from real estate operations. These tools are also used in real estate valuation for funding and sale purposes. With profit maximization the goal, students examine financial leverage and the consequence of income tax, as well as their influences. The inherent risk of real estate and its reduction through modern portfolio theory is discussed. Students apply course concepts using real-world problems. Prerequisite: FIN515

    Accounting Ethics and Related Regulatory Issues (ACCT530) - 3 credit hours

    This course examines core values such as ethical reasoning; integrity; objectivity and independence; and processes for ethical decision-making. Current state, national and international regulatory developments are addressed. Case studies and analyses focus on concepts of professional responsibility and values, legal requirements and codes of professional conduct related to the accounting profession. Prerequisite: ACCT505

  • RESOURCES
    & TOOLS

    Keller Graduate School of Management
    Academic Catalog (PDF)
    See all courses offered at Keller.

    Download the latest version of Adobe Acrobat Reader

• CPA Emphasis

  • Emphasis courses (15 credit hours)

    External Auditing (ACCT555) - 3 credit hours

    External Auditing deals with accepted principles, practices and procedures used by public accountants for certification of financial statements. The major focus is on external audit services; auditor and management responsibilities; professional standards of external auditors; evidence and procedures used by external auditors; and audit reports. Prerequisite: ACCT551

    Managerial Finance (FIN515) - 3 credit hours

    Managerial Finance teaches students financial concepts and tools needed for effective business planning. Topics, discussed from a practitioner viewpoint, include formation of interest rates, income taxes, working capital management, cost of capital, financial forecasting, external sources of capital, capital structure, company valuation and bankruptcy. Prerequisite: ACCT505

    Advanced Managerial Finance (FIN516) - 3 credit hours

    This course addresses risk, return and the capital asset pricing model; dividend policy; financing flexibility; valuation of securities; derivatives and risk management; and capital structure with the Modigliani-Miller models. The course provides a comprehensive view of financial management with insight into securities analysis, mergers/acquisitions and financial/futures options. Prerequisite: FIN515

    Business Law: Strategic Considerations for Managers and Owners (MGMT597) - 3 credit hours

    This course presents legal concepts and tools useful to business managers. The legal process is presented as a mechanism managers can use to resolve conflict, infer guidelines for conduct and create bases for expectations. Topics include contracts, the Uniform Commercial Code, agency agreements, partnerships and corporations. No prerequisite

  • - or -

    Advanced Financial Accounting and Reporting Issues (ACCT559) - 3 credit hours

    This course covers financial accounting practice and theory in relation to consolidations; foreign currency transactions and financial statement translations; and partnership accounting, including formation, maintenance, reorganizations and liquidations. Prerequisite: ACCT557

    Financial Management Capstone: The Role of the Chief Financial Officer (ACCT600) - 3 credit hours

    This culminating course provides MAFM students with the opportunity to integrate knowledge and skills learned throughout the program and is intended to be taken as the last course other than the exam-preparation courses. Students integrate strategic planning, critical thinking and communication skills relating to both treasury and accounting responsibilities from the perspective of a chief financial officer. Prerequisite: successful completion of all other required MAFM program courses (except exam-preparation courses) before registration

  • Capstone Course: Financial Management Capstone: The Role of the Chief Financial Officer

    The Capstone Course is a culmination of your prior coursework and is often taken toward the end of your program. It gives you the opportunity to utilize the hard-earned knowledge and skills you've developed as a Keller student in a real-world setting, whether that's at your current workplace or by developing and implementing a business plan. Each year, the most outstanding and successful Capstone Project in its category is recognized with an achievement award.

  • Exam prep courses (9 credit hours)

    CPA Exam Preparation: Auditing and Attestation (ACCT591) - 2 credit hours

    This course covers auditing procedures, auditing standards generally accepted in the United States (GAAS) and other standards related to attestation engagements. Also covered are skills needed to apply that knowledge in auditing and other attestation engagements. The auditing and attestation section of the CPA exam tests knowledge in the context of five broad engagement tasks. (The course is two semester-credit hours and is graded on a satisfactory/unsatisfactory basis.) Prerequisite: ACCT551 or equivalent

    CPA Exam Preparation: Business Environment and Concepts (ACCT592) - 2 credit hours

    This course prepares students to pass the business environment and concepts section of the CPA exam. Coursework focuses on business structure; economic concepts essential to understanding an entity's operation, business and industry; financial management; information technology; and planning and measurement. Students become familiar with underlying business reasons for - and accounting implications of - transactions, and gain skills needed to apply that knowledge in financial statement audit and attestation engagements as well as perform other functions affecting the public interest. (The course is two semester-credit hours and is graded on a satisfactory/unsatisfactory basis.) Prerequisite: ACCT551 or equivalent

    CPA Exam Preparation: Financial Accounting and Reporting (ACCT593) - 3 credit hours

    This course prepares students to pass the financial accounting and reporting section of the CPA exam. Coursework covers accounting principles generally accepted in the United States (GAAP) that affect business enterprises, not-for-profit organizations and government entities. Also addressed are skills needed to apply such knowledge, as well as financial accounting concepts and standards. (The course is graded on a satisfactory/unsatisfactory basis.) Prerequisite: ACCT551 or equivalent

    CPA Exam Preparation: Regulation (ACCT594) - 2 credit hours

    This course prepares students to pass the regulation section of the CPA exam. Topics include federal taxation, ethics, professional and legal responsibilities, and business law, as well as skills needed to apply that knowledge. Topics address CPAs' professional and legal responsibilities, and legal implications of business transactions, particularly as they relate to accounting and auditing. Coursework focuses on federal and widely adopted uniform state laws, as well as principles of - and procedures for - federal income, estate and gift taxation. (The course is two credit hours and is graded on a satisfactory/unsatisfactory basis.) Prerequisite: ACCT551 or equivalent

    The CPA emphasis includes courses that integrate Becker Professional Education's CPA Exam Review Methodology.

  • Elective courses (3 credit hours)

    You can take your electives in a variety of career fields. Students may choose any electives for which they meet the prerequisites. Download the Academic Catalog and view "Course Offerings" for a complete list of courses that could satisfy your elective requirements.

  • RESOURCES
    & TOOLS

    Keller Graduate School of Management
    Academic Catalog (PDF)
    See all courses offered at Keller.

    Download the latest version of Adobe Acrobat Reader

• CFE Emphasis

  • Emphasis courses (15 credit hours)

    External Auditing (ACCT555) - 3 credit hours

    External Auditing deals with accepted principles, practices and procedures used by public accountants for certification of financial statements. The major focus is on external audit services; auditor and management responsibilities; professional standards of external auditors; evidence and procedures used by external auditors; and audit reports. Prerequisite: ACCT551

    Auditing: An Operational and Internal Perspective Including Fraud Examination (ACCT562) - 3 credit hours

    This course examines why increased complexity in organizations requires management to establish means of monitoring control systems. Coursework examines the audit process using criteria and controls to evaluate causes and effects of - and conditions for - operational, performance and fraud audits. Emphasis is placed on standards, objectives, principles and procedures involved in reviewing the reliability and integrity of information; compliance with policies, plans, procedures, laws and regulations (including the Sarbanes-Oxley Act of 2002); means of safeguarding assets; appraising economical and efficient use of resources; and reviewing achievement of established objectives and goals (including accounting ethics) for operations and programs. Prerequisite: ACCT505

    Accounting Fraud Examination Concepts (ACCT572) - 3 credit hours

    This course focuses on federal legislation related to fraud examinations (including the Sarbanes-Oxley Act of 2002), including laws preserving rights of individuals suspected of committing fraud, laws governing civil and criminal prosecutions, admittance of evidence and testimony of expert witnesses. Coursework also continues preparing students interested in earning the Certified Fraud Examiner (CFE) credential. Topics include the U.S. Federal Rules of Civil and Criminal Procedure, and the U.S. Federal Rules of Evidence. Prerequisite: ACCT504

    Forensic Accounting: Ethics and the Legal Environment (ACCT574) - 3 credit hours

    This course focuses on conducting fraud examinations, and includes discussion of procedures used in forensic accounting examinations and reasons behind using these procedures. In addition, coursework addresses how allegations of fraud should be investigated to meet requirements of civil and/or criminal court procedures. Also covered are detection, investigation and prevention of specific types of fraud. Coursework focuses on preparing students interested in earning the Certified Fraud Examiner (CFE) credential, examining criminology and ethics. Prerequisite: ACCT504

    Financial Management Capstone: The Role of the Chief Financial Officer (ACCT600) - 3 credit hours

    This culminating course provides MAFM students with the opportunity to integrate knowledge and skills learned throughout the program and is intended to be taken as the last course other than the exam-preparation courses. Students integrate strategic planning, critical thinking and communication skills relating to both treasury and accounting responsibilities from the perspective of a chief financial officer. Prerequisite: successful completion of all other required MAFM program courses (except exam-preparation courses) before registration

  • Capstone Course: Financial Management Capstone: The Role of the Chief Financial Officer

    The Capstone Course is a culmination of your prior coursework and is often taken toward the end of your program. It gives you the opportunity to utilize the hard-earned knowledge and skills you've developed as a Keller student in a real-world setting, whether that's at your current workplace or by developing and implementing a business plan. Each year, the most outstanding and successful Capstone Project in its category is recognized with an achievement award.

  • Elective courses include four of the following for which you meet the prerequisites (12 credit hours)

    Accounting Information Systems (ACCT571) - 3 credit hours

    This course addresses computerized accounting information systems, focusing on reporting objectives, management needs, transaction trails, documentation, security, internal controls, and integration of accounting systems in software evaluation and selection. Systems analysis techniques are discussed. Coursework also prepares students interested in pursuing the Certified Fraud Examiner (CFE) credential. Prerequisite: ACCT504

    Accounting Fraud Criminology and Ethics (ACCT573) - 3 credit hours

    This course examines the nature of occupational fraud and how it is committed, and introduces actions to detect it and procedures to deter it. The course also covers how allegations of fraud should be investigated to meet requirements of civil and/or criminal court procedures. Coursework prepares students interested in earning the Certified Fraud Examiner (CFE) credential, examining tools and techniques for gathering evidence and information during fraud examinations. Prerequisite: ACCT504

    Global and Domestic Security Management (SEC594) - 3 credit hours

    This survey course provides an overview of key concepts and skills needed to identify international and domestic threats, analyze their impact, formulate appropriate strategies and implement applicable action plans to achieve corporate and public management goals. The course helps students understand today's global and domestic security environment, as well as examines homeland security, international terrorism, security risk management, domestic rural resources security and environmental security issues. No prerequisite

    Business Law: Strategic Considerations for Managers and Owners (MGMT597) - 3 credit hours

    This course presents legal concepts and tools useful to business managers. The legal process is presented as a mechanism managers can use to resolve conflict, infer guidelines for conduct and create bases for expectations. Topics include contracts, the Uniform Commercial Code, agency agreements, partnerships and corporations. No prerequisite

    Principles of Information Security and Privacy (SEC571) - 3 credit hours

    This course provides a broad overview of security in information systems. Covered are various aspects of security in computing, including security threats and controls; basic cryptography and its applications; network intrusion detection and prevention; security administration and planning; anonymity and privacy; legal issues; protection; and ethics. Coursework also examines controls in information systems, and addresses security issues surrounding information systems and computer-generated data. No prerequisite

    Information Security Law and Ethics (SEC575) - 3 credit hours

    This course, geared toward non-attorney managers and executives, provides a broad survey of federal and state laws and judicial systems governing and/or affecting information security. Coursework addresses the effects of cyber business regulation on information security, conducting business on the Internet, privacy laws, taxation, protection of intellectual property, electronic privacy, wiretapping and cybersquatting. In addition, students examine ethical issues, forensics and evidence of cyber crime. No prerequisite

    Legal and Ethical Issues in Security Management (SEC581) - 3 credit hours

    This course examines personnel law and obligations; negotiations; contract management; constitutional rights of individuals; legal compliance; ethical standards; privacy and search law; decision-making; profiling and discrimination issues; hiring and training requirements; testifying; and court expectations. Agencies and legal systems are addressed, as are ethics and law for both global and domestic security managers. Prerequisite: SEC594

    Security Risk Analysis and Planning (SEC582) - 3 credit hours

    This course offers an in-depth look at risk factor analyses that must be undertaken during the process of designing a flexible and comprehensive security plan. Topics include assessing security threats; developing countermeasures; and protecting information, security designs, security processes, and security analysis programs and tools. Prerequisite: SEC594

    Security Administration and Operation (SEC583) - 3 credit hours

    This course addresses administration of a security plan within the context of daily operations. Students learn practices and methods of determining adequacy of security management programs, as well as examine the relationship between security functions and managers' responsibilities. The processes of interagency cooperation and establishment of industry standards are also included. In addition, the course addresses contemporary issues in security such as substance abuse, violence, theft, biochemical threats, terrorism and countersecurity measures. Prerequisite: SEC594

    Forensic and Business Investigations Techniques (SEC584) - 3 credit hours

    This course provides an overview of basic forensic techniques as applied to the business environment. Topics include social and psychological profiling, systems design, case construction, team analysis, report development, chain of custody, law enforcement systems and cooperation, investigation techniques and forensic teamwork. Students are familiarized with criteria for forensic expertise such as Daubert and Kumho. No prerequisite

  • RESOURCES
    & TOOLS

    Keller Graduate School of Management
    Academic Catalog (PDF)
    See all courses offered at Keller.

    Download the latest version of Adobe Acrobat Reader