Business Accounting is the process of communicating financial information about a business entity to relevant users or entities such as potential shareholders, creditors (including banks or vendors), financial analysts, economists, and government agencies. Accounting can be divided into two...
Business Accounting is the process of communicating financial information about a business entity to relevant users or entities such as potential shareholders, creditors (including banks or vendors), financial analysts, economists, and government agencies. Accounting can be divided into two major fields: management accounting and financial accounting. Management accounting concentrates on reporting to people inside the business entity and provides information to employees, managers, owner-managers and auditors. The main goal is to provide the management with a basis for making major decisions related to management and operations.
One of the vital skills of an accountant is to select relevant information for the audience and communicate financial statements clearly. A career in accounting requires an aptitude for mathematics and the ability to analyze compare and interpret facts and figures quickly.
Business study in China
A Bachelor or Master degree in China schools helps equips students with skills like: numerical and logical thinking, attention to details and analytical thinking required for manipulating and organizing a significant amount of financial data.
Accounting graduates choose from career options such as: accountant, payroll clerk, economist, tax adviser, management consultant, retail banker, auditor, treasury analyst, cost estimator, anti-money laundering specialist, and chief financial officer and can choose to work either in their country or here in China.
More than 2,000 years ago, there were students from East Asia and the Arab States who came to China to study. From the 19th century onwards, China began to build modern universities. After the founding of The People's Republic of China in 1949, an increasing number of universities were established. During the 1950s, Chinese universities began to accept students from Vietnam and Eastern European countries.
Today, around 600 of China's roughly 3000 universities are enrolling students from around the world. As China's economy continues to develop, coming to China to study has become increasingly popular. In 2009, there were about 240,000 international students studying in China. Some pursue their degree here; others attend short-term programs to study Chinese language and culture.
The total enrollment of accounting program in China is more than 100000 with a male to female ratio of 26% to 74%. After the completion of Accounting program, graduates either proceed with their further studies or receive employment opportunities relating to Accounting including those in manufacturing, services, financial institutions, accounting firms, non-profit organizations, government and so on.
The Accounting program aims to help international students to study Accounting in China, develop the competence of students in mastering both the basic theories and practices of accounting, and at the same time provide them with specifically designed core courses such as basic accounting, advanced accounting, financial accounting, finance, public economics, tax law and etc.
China's higher education system boasts a strong reputation worldwide, while China's manufacturing industries are renowned for their international competitiveness. Chinese university graduates are welcomed by leading universities in North America, Europe, Japan, Australia and other countries. Every year, there are about 20 thousand students graduates in China who go to study or work in countries all over the world.
WHY STUDY BUSINESS ACCOUNTING IN CHINA
In China accounting education plays an important role in providing managerial talents to support and ensure the economic reform, state sector restructuring, and the prosperous international economy. Chinese market-based economic reforms have created domestic demand for accounting professionals and academicians, and there has been a corresponding rapid expansion of university accounting education within the country. Following these developments, organizational and curricular changes and substantial growth in the system to produce more university-qualified graduates have sought to serve both local and international needs. Chinese Universities with accounting program have taken on an internationalized dimension, reflecting both domestic economic changes and wider developments beyond China’s borders. As results more international students have been registered to study accounting in China.
Since the founding of the People's Republic of China in 1949, following the guideline of unity among all ethnic groups for common prosperity and drawing on China's historical experience and the useful practices of other countries, always with a view to China's actual situation, the Communist Party of China (CPC) and the Chinese government have carved out a path for the successful solution to ethnic issues with Chinese characteristics, exercised the ethnic policy featuring equality, unity, regional ethnic autonomy, and common prosperity for all ethnic groups, thus forming a relatively complete ethnic policy system.
China is a unified multi-ethnic country jointly created by the people of all 56 ethnic groups. In the long course of historical evolution people of all 56 ethnic groups in China have maintained close contacts, developed interdependently, communicated and fused with one another, and stood together through weal and woe, forming today's unified multi-ethnic Chinese nation, and promoting the development of the nation and social progress.
The knowledge gained from accounting studies in China greatly helps a foreign graduate to easily find a job in any company or institution all over the world. Foreign students graduated from China are able to use what they have learned back home with their family’s personal finances. Majoring in accounting in china means being able to understand and deal with financial situations which can make the company more efficient in tangible ways.
For international students with accounting degree, may decide to embark on a career in financial accounting someone with this degree can be hired as accountant or auditor in a chartered accountancy practice, industry, or the public sector. International students with accounting degree in management accounting may be hired as business consultant or financial manager in a manufacturing, service, or consultancy organization. Currently, a large number of international students who completed accounting education in China were hired by famous Chinese accounting firms or institutions.
International students can both study and save money to study in China. Both living costs and school fees are comparatively inexpensive, especially by comparison with United States and other western countries. There are scholarships from the government, universities, foundations and corporations designed to support international students from different academic disciplines