i was considering schools like byu, usc and notre dame which are supposed to be the best in accounting in the US. Do you think that it would be a good investment, considering the fact that i would like to work in US/ Canada or australia in the future. Generally, all the schools that offer accounting degree seem to post a full 100 percent employment rate for the MACC candidates, which is much better in comparison to a masters degree in finance. Also, i feel that i am a lot more apt for working in an accounting firm, given my internships at kpmg and a local accounting firm in my country.
any advice would be appreciated

Not a bad idea. Take a look at http://www.best-masters.com/ranking-master-auditing-and-accounting-in-north-america.html?PHPSESSID=c5893aaab573a2deaa5ab9a6e89fd1cd

Aspirant1111,

I think doing MS in Accounting or MAcc is a good idea, if you are sure that's what you want to do.
If you already have education and interest in Accounting then MAcc is a good bet. Also, try to get CPA before you apply to a school. Having your CPA will greatly increase your chances of getting admit, getting an internship and getting a job when you graduate.

Please note that in US, CPA requirement vary by State. So you would need to figure out that state/city you want to work. We are applying to MAcc programs for my wife in VA. I know that many companies recruit in schools for local roles.

Look at UIUC, UT Austin, UVA, UNC MAcc programs. I think these are highly regarded in US. It's always better if you already know which track you want to get into Auditing, Assurance or Tax? You can also plan to take an Accounting certificate course before your MAcc to meet the CPA requirement (if required).

Hope it helps,
Good Luck!

Good advice here. Also check out the more quantitative-oriented top MBA programs, like Booth and Wharton.