Accounting

What is Accounting?

Accounting is the language of business and is critical for informed decision-making in any industry. As a student in Accounting, you will learn to record, analyse, and communicate financial information. But this discipline is about much more than just numbers; it's about painting a clear picture of a company's financial health.

Accounting Specialisations

Here are some specialisations you'll likely stumble upon:

• Financial Accounting: Reporting company financial information to external parties.
• Management Accounting: Internal reporting for decision-making processes.
• Tax Accounting: Specialising in tax returns and tax planning.
• Auditing: Evaluating the accuracy of financial records.
• Forensic Accounting: Investigating financial discrepancies and frauds.

Whether pursuing a Bachelor's or a Master's in Accounting, you are likely to find that Financial Accounting is the most popular specialisation in Accounting programmes, but areas like Forensic Accounting are rapidly growing.

What will you learn during an Accounting programme?

By pursuing an Accounting degree you will learn:

• Techniques to accurately record financial transactions.
• Skills to analyse complex financial reports.
• Ethical standards integral to the finance world.

Key courses to expect:

• Financial Statement Analysis: Dissecting and understanding company financial statements.
• Cost Management: Grasping costing and budgetary controls.
• Taxation: Understanding tax laws and planning.
• Advanced Auditing: Learning advanced techniques for financial evaluations.
• Corporate Finance: Exploring business financing and decision-making.

Accounting is a good degree for those with a keen eye for detail and a passion for financial clarity. The skills you can get from studying Accounting courses will be invaluable in the finance world but will also be very useful in many other industries.

Skills required for a degree in Accounting

A successful accountant often possesses strong analytical skills, impeccable attention to detail, and a high level of integrity. Moreover, interpersonal and communication skills are vital as accountants frequently collaborate with other departments. Ensuring you meet the Accounting degree requirements will often mean keeping up-to-date with changing financial regulations and standards.

What can you do with an Accounting degree?

With your qualifications, there are many jobs or career paths to consider. Here are some of the most popular:

• Chartered Accountant: Managing financial records for a range of clients.
• Tax Advisor: Offering specialised tax advice and planning.
• Auditor: Ensuring the accuracy and fairness of financial statements.
• Forensic Accountant: Investigating financial discrepancies and providing expert witness testimonies.
• Financial Analyst: Guiding businesses in financial decisions.

Considering the jobs you can get with an Accounting degree, it's obvious that this field offers stability and growth. Furthermore, the skills you acquire will prove valuable not just in accounting firms but also in the finance departments of various businesses, non-profits, and government agencies. Ultimately, a career after the most common specialisation in Accounting promises both challenges and substantial rewards.

Students with a high school diploma or its equivalent from outside Jordan can enroll in higher education institutions directly through websites of public and private universities or intermediate community colleges based on their averages. Universities implement the credit hours system, which allows students to choose courses according to their study plan.

Students wishing to enroll in a master's program must hold a bachelor's degree. Furthermore, students who wish to enroll in doctoral programs must hold a master's degree.

In addition, students wishing to enroll in postgraduate programs are required to provide a certificate confirming their English proficiency level in a TOEFL or IELTS exam. They could also demonstrate a certain proficiency level in French or German. Lastly, they could take an English language exam held by the higher education institution they apply in.

In the event that the student fails to prove the required level of English, German or French, or fails the English equivalency exam, they may study a qualifying program in English at the university where they undertake additional six credit hours; he/she must score a minimum grade that varies according to their specialization.

Students can apply for admission to a higher education institution in Jordan through the following:

1. Applying directly to the institution of higher education of their choice. Many higher education institutions in Jordan have online application services or through university service offices; while some institutions accept applications through mail. Each higher education institution determines its own enrollment requirements. Therefore, a prospective student should communicate with the institution they wish to apply to in order to know the specific admission requirements and procedures.
2. Applying directly through the free on-line application
3. Communicate with the Directorate of International Student Affairs at the Ministry of Higher Education and Scientific Research and apply to any higher education institution