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Master's Accounting and Financial Management Courses & Tuition
MAFM <br />

MAFM

Accounting and Financial Management

Master of Accounting and Financial Management Coursework

Our Accounting and Financial Management Master's 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)

Accounting and Finance: Managerial Use and Analysis

Managerial Accounting

Intermediate Accounting I

Intermediate Accounting II

Federal Taxes and Management Decisions

Intermediate Accounting III

Accounting and Finance: Managerial Use and Analysis
ACCT504 – 3 credit hours
This course introduces core accounting and finance concepts, as well as tools used to summarize the accounting of business transactions into statements. Students use these tools to diagnose and document an organization's fiscal health, as well as examine financial analyses and statements for management control, decision-making and reporting.
Prerequisite: None
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

Choose one of the three following emphases:

Finance Emphasis

Emphasis courses (15 credit hours)

Managerial Finance

Advanced Managerial Finance

Securities Analysis

Mergers and Acquisitions

Financial Management Capstone: The Role of the Chief Financial Officer

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. Prerequisites: successful completion of all other required MAFM program courses (except exam-preparation and elective courses) and permission from the appropriate academic administrator
Prerequisite: successful completion of all other required MAFM program courses (except exam-preparation and elective courses) and permission from the appropriate academic administrator

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

International Finance

Options and Financial Futures Markets

Advanced Financial Statement Analysis

Real Estate Finance

Accounting Ethics and Related Regulatory Issues

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

CPA Emphasis

Courses specific to students planning to sit for the CPA exam in Texas can be found in the academic catalog.

Emphasis courses (15 credit hours)

External Auditing

Managerial Finance

Advanced Managerial Finance

Business Law: Strategic Considerations for Managers and Owners

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.
Prerequisite: None

- or -

Advanced Financial Accounting and Reporting Issues

Financial Management Capstone: The Role of the Chief Financial Officer

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. Prerequisites: successful completion of all other required MAFM program courses (except exam-preparation and elective courses) and permission from the appropriate academic administrator
Prerequisite: successful completion of all other required MAFM program courses (except exam-preparation and elective courses) and permission from the appropriate academic administrator

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

CPA Exam Preparation: Business Environment and Concepts

CPA Exam Preparation: Financial Accounting and Reporting

CPA Exam Preparation: Regulation

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

Our CPA emphasis curriculum can put you at a unique advantage because it fully integrates Becker Professional Education's proven CPA Exam Review. 

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.

CFE Emphasis

Emphasis courses (15 credit hours)

External Auditing

Auditing: An Operational and Internal Perspective Including Fraud Examination

Accounting Fraud Examination Concepts

Forensic Accounting: Ethics and the Legal Environment

Financial Management Capstone: The Role of the Chief Financial Officer

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. Prerequisites: successful completion of all other required MAFM program courses (except exam-preparation and elective courses) and permission from the appropriate academic administrator
Prerequisite: successful completion of all other required MAFM program courses (except exam-preparation and elective courses) and permission from the appropriate academic administrator

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

Accounting Fraud Criminology and Ethics

Global and Domestic Security Management

Business Law: Strategic Considerations for Managers and Owners

Principles of Information Security and Privacy

Information Security Law and Ethics

Legal and Ethical Issues in Security Management

Security Risk Analysis and Planning

Security Administration and Operation

Forensic and Business Investigations Techniques

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.
Prerequisite: None
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.
Prerequisite: None
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.
Prerequisite: None
Information Security Law and Ethics
SEC575 – 3 credit hours
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.
Prerequisite: None
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.
Prerequisite: None

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.