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.
The main reasons for a foreigner to Study Accounting in China
Almost every business and organization needs accountants to measure performance and provide information for decisions. International students in Chinese Universities with accounting program learn how to present financial statements that can be used to assist business planning and decision making. They also learn financial analysis techniques. In order to continue to attract foreign students many universities and college in China have open English taught Accounting programs. Providing internship in prestigious accounting institutions is also the additional opportunities for foreign students who study accounting in China.
Why do you need to consider China for your Accounting studies, the following are some main reasons to study accounting in China:
1. Great educational infrastructure，Low cost Accounting education and affordable leaving expenses
Great educational infrastructure, but studying and living in China is cheaper than studying and living in European countries, U.S., Japan, South Korea and even in many African countries. Like any other programs at international level, accounting curriculum and books used by European or American universities are almost similar by those used by Chinese accounting schools. Foods and accommodation in China are affordable for a foreign student. Affordable tuition fee in China give most young people from all over the world a hope of achieving their everyday dream of becoming professional accountants.
2. Scholarship Opportunities
About 40,600 foreign students received Chinese government scholarships every year. Most of Chinese universities have established scholarship for excellent foreign students in each level, means that you may start as self funding student and in middle of your studies you may get a scholarship. The other option is that starting undergraduate with self funding, then as you already familiar with everything in China you can apply for Chinese government scholarships for your postgraduate studies, note that many more foreigner students use this option.
3. Exploration Chine’s ancient and modern civilization
Studying accounting in China is an excellent opportunity to explore China's unique blend of ancient and modern civilization, as well as its scenic beauty and bustling nightlife. Chinese culture and people are extremely diverse and multicultural, consisting of 56 different ethnicities. You'll run into unique customs as you travel to different parts of China, but everyday life, believe it or not, will be just as new and fulfilling.
4. Increased employment prospects
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.
5. Quality of Education and International Recognition
Accounting programs available in most Chinese Universities include 4 years undergraduate program, 2-3 years masters program and 3-4 years doctoral program. Foreign students in accounting major learn the rules that govern business, computer software that runs business and they can train others to use these programs effectively. Due to modern education infrastructure, and qualified teachers, the number of foreign students seeking admission in accounting programs in China is relatively increased every year. Many universities with accounting program started to recruit foreign students in English taught programs.
Accounting major classes are very engaging due to the small size. In China, accounting classes not only brought out the intellectual and principle-based teaching of accounting knowledge, but also challenged to think more about real-world application and how things looked in different environments in the workplace. In addition, before the completion of academic degree in China, a foreign student has a chance to pass CPAs (Certified Public Accountant) examination which may allow him/her to even be recruited for a job six months before graduation.