ELI5: Explain Like I'm 5

Master of Accountancy

A master of accountancy is like going to school to learn all about how to count money and keep track of it. You know how you have a piggy bank or a savings jar where you put your coins and dollars in? Well, when you grow up, people and companies have lots and lots of money to keep track of.

A master of accountancy is a special type of school that you go to after you finish your college studies, where you learn everything about counting and keeping track of all the money that companies make and spend. You learn how to record all the money that goes in and out of a company, like when they get paid for selling things or when they pay their bills.

You also learn how to prepare financial statements, which are like really fancy report cards that show how much money a company made and how much they spent. You also learn about taxes, which is like giving some of your money to the government so they can use it to make things better for everyone.

When you finish your master of accountancy, you can become a professional accountant who helps people and companies keep track of their money and make sure everything is done the right way. It's like being a superhero who saves the day by making sure everyone's money is safe and accounted for!