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To adapt to the development of socialist market economy and the trend of economic globalization, improve the training of senior accountants, and produce high-quality and practice-oriented accounting personnel, the Degrees Committee decided to set up Master of Professional Accounting (MPAcc in short) programs in December 2003. The Secretariat of the Education Steering Committee for MPAcc in China is based in RUC. In April 2004, RUC was designed as one of the first universities to pilot MPAcc education.  

MPAcc differs from specialist master program in accounting in that it is not only academic, but also more profession-oriented in terms of education objective, admission policy, course content, educational pattern and quality standard. It aims to develop high-level, high-quality and practice-oriented accounting expertise who have good professional ethics and legal and discipline awareness, master modern accounting, auditing, financial management and knowledge and skills in related fields, have sufficient understanding of accounting practices and a strong practical problem-solving ability. 

It explores the unique characteristics of professional accounting education of Master level, combines academic education with vocational training, and emphasizes class interaction and case-based teaching. It also invites accounting professionals with both rich practical experience and theoretical knowledge to give featured lectures on hot issues. MPAcc degree education has got a favorable reputation from society, and has roughly achieved the goal of producing high-quality accounting talents of China. It is now advancing to develop high-level, high-quality and practice-oriented local accounting professionals with international perspectives.