Master of Accounting with a Concentration in Business Valuation
The Master of Accounting with a Concentration in Business Valuation is a two-year program designed to provide students with specialized knowledge and skills that address one of the most important and growing specialized areas of accounting. Generally speaking, applicants should have a 4-year degree from a regionally-accredited college, with a B average.
Judges and lawyers seeking to establish an individual’s net worth during litigation need to put a price on enterprise assets, and the most trusted appraisal comes from a forensic accountant who has specialized in business valuation. The expert witness training organization SEAK conducts periodic surveys of the fees paid to expert witnesses in the US. Its latest survey is only obtainable by purchase, but the 2004 data is available free of charge. In that year the average rate was $385 per hour for testimony in court, $254 per hour for file review and preparation and $353 per hour for depositions, plus charges for all out-of-pocket expenses. According to the US Bureau of Labor Statistics, remuneration for management, business and financial occupations increased by 28% between March 2004 and September 2011, so it is reasonable to assume that the average rate for expert witnesses is now in the region of $325 to $500 per hour, with far higher rates towards the top end of the market.