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Accounting and Strategic Management (Vitória)

Level: Graduate Degree
Degree: Master’s Degree in Accounting




¬ Prof. Aridelmo Teixeira

PhD in Controllership and Accounting from the University of São Paulo (USP)


Our coordinators are at your disposal for pre-scheduled meetings. Those interested should contact our consultants by phone (27 4009 4425) or e-mail (cursos@fucape.br). 



Others Master‘s Degree


The teaching of accounting in Brazil was substandard for decades due to five interrelated factors that confined it in a vicious circle – few research centers generating little knowledge, which generated unqualified professors, which generated professionals with low intellectual level, resulting in lack of resources for new studies, leading again to a small number of researchers and so on.


In the state of Espírito Santo, even though it has the seventh largest economy in the country, the reality was a little worse, as the vicious cycle mentioned above started with no researchers. That situation caused the education in accounting in the state to be a mere repeater of knowledge, which sometimes was already outdated.


After analyzing this scenario, a group of young PhD students in accounting at the University of São Paulo, born in the state of Espírito Santo, were preparing, like almost all USP PhD students (that university had the only PhD program in accounting in the country), to continue their education and research after graduation in São Paulo.


The main factor behind this pattern was the absence of peers in their home states, which would lead them to obsolescence in a short period of time, or total exclusion within their university departments. This fact was even the subject of stories in major newspapers and specialized magazines. Other factors deserving attention were poor study conditions (lack of study rooms, obsolete libraries and technological systems) and low compensation.


Despite the unfavorable scenario, this group of young PhD students preferred challenge to comfort. They decided to break the vicious cycle by attacking its key link: low number of research centers in accounting in Brazil.


However, the achievement of such objective entailed huge challenges, due to the intrinsic characteristics of education and research in Brazilian accounting. Some of those particularities are emphasized below:


- The small number of accounting PhDs in Brazil. There were approximately 80 PhDs, and about 60% of them worked in the Accounting and Actuarial Department of the University of São Paulo. Most of the Brazilian states and their federal universities did not have even one accounting PhD involved in research activities.


- Out of this small number of remaining PhD holders, only a few had relevant professional experience for the objectives of our professional master’s program. Although the course was to be focused on the production of high level academic research, it also would focus on the local corporate reality. Therefore, there was a demand for extremely rare professionals: active researchers with relevant corporate experience.


- Our mission was directly connected with the creation and maintenance of research groups in Espírito Santo. This aspect became a great problem due to the difficulty in attracting professionals graduated from the major centers.


Therefore, our objective seemed to be very hard to overcome. In this scenario, we received the support from dedicated and experienced researchers, who knew the need to break the paradigm in accounting education and research in Brazil. Dr. Iran Siqueira Lima and Dr. Nelson Carvalho, two part-time professors at USP who offered to structure FUCAPE, together with the mentioned group of young researchers. For this purpose, the management team of FUCAPE was composed solely of holders of PhD degrees or PhD students. Those conditions allowed us to break the traditional flow of talents to the major centers. Despite being young, these researchers had relevant academic experience obtained in the best universities in Brazil and abroad, with the clear objective of creating a local center capable of generating studies relevant for both academia and the local reality.


In summary, the two professors assumed the condition not only of those who conceived the project, but also as reference persons. This was essential to attract the attention of other researchers who were pursuing their PhD degrees at USP for engagement in the FUCAPE project. Moreover, by virtue of the success of the program developed by FUCAPE, the institution also caught the attention of other researchers from related areas who had been acting individually in the state, which resulted in the engagement of more PhD degree holders to the program. This is how the FUCAPE professors/researchers group was formed.


FUCAPE is accredited by the MEC under Edict 2,765 of September 6, 2004.

Graduate students intending to pursue an academic career in the business area and interested in deepening their knowledge later in a PhD program.

Our program was designed to include the main trends of the major research centers around the world. The students of the Academic Master’s in Accounting at FUCAPE are expected to overcome the frontier of traditional accounting and incorporate the basic concepts of economics and finance in their research topics on financial accounting, disclosure, cost of capital, and price formation modeling based on accounting information, among others.


This training is expected to make the student able to enter the best PhD programs in the country and abroad.


Other objectives of the program:

 (1) to train high level researchers, university professors and specialists in accounting;

 (2) to promote advanced and systematic studies in accounting with emphasis on finance;

 (3) to encourage and guide researches, whether individual or in groups, to contribute to the development of accounting and promotion of scientific knowledge.

Elective Subject I

27 class hours

Elective Subject II

27 class hours

MACC - 001 - Accounting and Finance I

63 class hours

MACC - 002 - Microeconomics I

63 class hours

MACC - 003 - Econometrics I

63 class hours

MACC - 004 - Accounting and Finance II

63 class hours

MACC - 005 - Microeconomics II

63 class hours

MACC - 006 - Econometrics II

63 class hours


Applications for the Academic Master’s in Accounting program are now closed. Information about the new selection process will be available soon.


Application: Applications to the Academic Master’s in Accounting - Accounting and Strategic Management are submitted via our website or in person by the applicant or an attorney-in-fact.


Check the announcement with all information about the selection process


The applicant must submit the documentation below:


· Lattes curriculum vitae, updated and printed (available for filling in at

http://www.cnpq.br). The applicant should attach evidence of the

intellectual production stated in his/her curriculum;

· Two 3x4 cm photos;

· Copy of the bachelor degree or statement of course completion

· Copy of the undergraduate transcripts;

· Copy of the identity card

· Copy of the CPF (taxpayer identification) card;

· Copy of birth or marriage certificate

· Original copy of the application fee payment form, in the amount of R$ 350.00.


Applicants who fail to submit the required documentation within the deadline will not have their applications approved.


Selection Process:

The selection process will have three stages:

1st stage qualification and classification: analysis of the Lattes curriculum vitae;

2nd stage qualification and classification: interview with the Graduate Admissions Committee (CPG);

3rd stage qualification and classification: examination on fundamentals of mathematical analysis and dynamic systems, whose content and literature list are specified in the announcement, and/or tutorial course - Fundamentals of Mathematical Analysis and Dynamic Systems.


Access the full announcement!


Syllabus and reference list: access the announcement for the syllabus and reference list.



Final Rank: The five top-ranked applicants will be approved for admission as regular students in the first term of 2013, as indicated in the announcement. [Update]


Number of places available: Five


For more information please contact the Academic Office at (27) 4009 4425.

The schedule with information about the next application period will be available soon.


For more information please contact the Academic Office at (27) 4009 4425.

The applicant, after being approved in the selection process, should submit a scholarship application to the following research promotion agencies: CAPES, CNPq, FAPES or other promotion agency. As a last resort, the applicant may apply to FUCAPE, in extraordinary cases, subject to the analysis of the Executive Board.

Duration: Minimum of 18 months and maximum of 30 months.


Course hours: 432 hours




Core Subjects: 48 credits

Dissertation: 24 credits


Course Timetable: Lessons will be taught preferably in the afternoon, but may also be taught in mornings or evenings.


Number of places available: Five





Enrollment (R$)


(Enrollment + installments) (R$)


Amount (R$)

Total (R$)

Enrollment + 30 installments






Enrollment + 20 installments






Enrollment + 10 installments






Enrollment + 5 installments






3 installments (including enrollment)






2 installments (including enrollment)






Lump sum payment








Other payment conditions should be formally proposed and submitted to the Financial Board.



For more information please contact the Academic Office at 27 4009 4425.