The Vanderbilt Owen Graduate School of Management is now recruiting students for its recently launched master of accountancy program that focuses on valuation services.

The MAcc valuation program welcomes its first class of students in August 2012 and is, according to the school press release, a response to increased demand for students to handle functions such as assessing mark-to-model values, measuring brand goodwill, and pricing acquisition targets.

“The master of accountancy program itself has been a great success story, and this next step is a logical one to take,” said Jim Bradford, dean of the Owen Graduate School of Management. “This innovative new course of study will address the changing world of accounting as it relates to valuing assets and risk.”

The full-time program runs for 12 months under the guidance of Karl Hackenbrack, faculty director of the MAcc program and assistant dean of evaluation and program development. The first class will graduate in the spring of 2013.

Curriculum includes preparation for the CPA exam and two of three levels of the Chartered Financial Analyst exams, which students can take while in the program.

“All valuation students aspire to launch their career with an international public accounting firm in service lines that deal primarily with business modeling, transactions and audit support,” Hackenbrack said. “This program really is at the nexus of finance and accounting. To succeed in a valuation service line, the professional must understand accounting rules and the finance behind those rules.”