Accounting

Overview

Accounting courses abroad give students a world-class education in a globalized field. There are many benefits to studying accounting abroad, including:

Access to top universities: Accounting programs at leading universities worldwide are highly regarded and offer students the opportunity to learn from world-renowned faculty.
International experience: Studying accounting abroad allows students to receive international experience and develop a global perspective. This can be highly valuable in today’s competitive job market.
Career opportunities: Accounting is a globalized field with a high demand for qualified accountants worldwide. Studying accounting abroad can open up new career opportunities for students.

Why Study Accounting Courses Abroad?

There are many reasons to study accounting courses abroad. Here are a few of the most important ones:

To gain an international perspective on accounting: Studying accounting abroad allows you to learn about different accounting practices and standards worldwide. This can help you to develop a global perspective on accounting, which is highly valuable in today’s globalized economy.
To improve your language skills: If you study accounting abroad, you will have the opportunity to learn or enhance your language skills. This can act as a valuable asset in your career growth, as it will allow you to communicate effectively with clients and colleagues on a global scale.
To network with other accounting professionals: Studying accounting abroad allows you to network with other accounting professionals from all over the world. This can help you to find a job after graduation and to advance your career.

Course Structure

Accounting courses abroad typically follow a similar structure. In the first year, students will generally take courses in basic accounting principles, such as financial accounting, managerial accounting, and auditing. In the second year, students typically take more specialized accounting courses, such as tax, forensic, and international accounting. Students will typically complete a capstone project or internship in the third year.

Course Subjects

The specific course subjects you will take will vary depending on your chosen accounting program. However, some common course subjects include:

Financial Accounting
Managerial accounting
Auditing
Tax accounting
Forensic Accounting
International Accounting
Corporate finance
Business law
Economics
Statistics

Course Duration:

The duration of accounting courses abroad can vary greatly depending on the type of program, level of study, and specific institution. Here’s a general overview:

By program type:

Diplomas: Typically last 1-2 years.
Undergraduate degrees: Usually take 3-4 years
Master’s degrees: Often completed in 1-2 years.
Certificates: Can range from a few weeks to several months.

Types of Accounting Degrees

There are two main types of accounting degrees: undergraduate and graduate. Undergraduate accounting degrees typically take four years, while graduate accounting degrees usually take one or two years.

Undergraduate accounting degrees:

Bachelor of Commerce (BCom) in Accounting
Bachelor of Arts (BA) in Accounting
Bachelor of Science (BSc) in Accounting

Graduate accounting degrees:

Master of Professional Accounting (MPA)
Master of Science in Accounting (MSA)
Master of Business Administration (MBA) with a Accounting Specialization

Top Specializations

Some of the top specializations in accounting include:

Tax accounting
Forensic Accounting
International Accounting
Management Accounting
Financial Accounting
Auditing

Admission Process (Steps in Detail)

The admission process for accounting courses abroad will vary depending on your chosen university. However, there are some general steps that you will need to follow:

Research universities and programs: The first step is researching different universities and accounting programs. Once you have found a few programs you are interested in, you should contact the admissions office to learn more about their requirements.
Complete the application: Once you have chosen a program, you must complete the application. The application will typically include questions about your academic background, work experience, and future goals.
Submit your transcripts and test scores: You must also submit your transcripts and test scores. The required test scores will vary depending on your chosen university and program.
Pay the application fee: There is usually an application fee that you will need to pay.
Interview: Some programs may require you to complete an interview.

Document Requirements

The specific document requirements for accounting courses abroad will vary depending on your chosen university. However, some common document requirements include:

Completed application form
Official transcripts
Test scores (IELTS, TOEFL, PTE, or Duolingo)
Passport
Letters of recommendation
Personal statement
Financial aid documents (if applicable)

English Language Proficiency Exams Score Requirements

The English language proficiency exam score requirements for accounting courses abroad will vary depending on your chosen university. However, some common score requirements include:

IELTS: 6.5 overall
TOEFL: 90 overall
PTE: 65 Overall
Duolingo: 115 Overall

Cost of Studying (Average Tuition fees)

The average tuition fees for accounting courses abroad will vary depending on your chosen country and university. However, some common tuition fees include:

United States: $20,000-$40,000 per year
United Kingdom: £10,000-£25,000 per year
Canada: $15,000-$30,000 per year
Australia: $20,000-$40,000 per year

Cost of Living and Other Expenses

The cost of living and other expenses will also vary depending on the country and city that you choose to study in. However, some common monthly expenses include:

Food: $200-$400
Accommodation: $500-$1,000
Transport: $50-$100
Books and stationary: $50-$100

Top Scholarships

There are several scholarships available to students who are studying accounting abroad. Some of the top scholarships include:

Chevening Scholarship: This scholarship is offered to students from over 140 countries and covers the full cost of tuition, living expenses, and travel.
Fulbright Scholarship: This scholarship is offered to students from over 160 countries and covers tuition, living expenses, and travel.
Erasmus Mundus Scholarship: This scholarship is available to students from over 130 countries and covers the full cost of tuition, living expenses, and travel.
Australia Awards Scholarship: This scholarship is available to students from over 60 countries and covers the full cost of tuition, living expenses, and travel.

Popular Jobs

Some of the most popular jobs for accounting graduates include:

Accountant: $50,000
Auditor: $55,000
Financial analyst: $60,000
Tax accountant: $65,000
Management accountant: $70,000

Best Countries to Study Accounting

Some of the best countries to study accounting include:

United States
United Kingdom
Canada
Australia
Singapore
Switzerland
Netherlands
Denmark
Sweden
Norway
Finland

Best Universities to Study Accounting

Some of the best universities to study accounting include:

Stanford University
Harvard University
Massachusetts Institute of Technology
University of Chicago
Wharton School of the University of Pennsylvania
London School of Economics and Political Science
University of Oxford
University of Cambridge
University of Toronto
McGill University
University of Melbourne
Australian National University

FAQs

Q1) What are the prerequisites for studying accounting abroad?

A1) The prerequisites for studying accounting abroad will vary depending on your chosen university. However, most universities will require you to have a high school diploma or equivalent and complete some basic accounting courses.

Q2) What are the job prospects for accounting graduates?

A2) The job prospects for accounting graduates are very good. Accounting is a globalized field, and there is a high demand for qualified accountants worldwide.

Q3) What are the different types of accounting careers?

A3) There are many different types of accounting careers available. Some common accounting careers include:

Accountant
Auditor
Financial analyst
Tax accountant
Management accountant