Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis, and reporting of financial transactions pertaining to a business. This involves the preparation of financial statements available for public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision-making purposes.

Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of passionate accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.

While financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, managerial accounting provides accounting information to help managers make decisions to manage the business.

• Teaching Materials and Techniques are constantly evaluated and updated to improve student learning.

• Real-life situations are created to facilitate and improve students’ learning.

• Diverse classroom activities, electives, seminars, and social events with a focus on different aspects of Chinese culture provide an enjoyable and effective learning experience.

1. Education Level: High School Graduate

2. Age Requirement : 18 - 28

3. English Proficiency: IELTS：5.5 TOEFL：70

Question: What is the cost of applying through ACASC?

Answer: ACASC charges a service fee of 50$ for using its online application portal. Applying through ACASC into Chinese universities attracts a service fee of $50.

Question: Can I apply to the university directly?

Answer: Yes. ACASC gives the applicants, the chance to directly apply to their desired universities through our online application portal. We have synchronized our system to create a simple platform that connects universities and colleges in China to international students all around the world.

Question: How can I track my application status?

Answer: To track the application status, please log in your ACASC personal account. Whenever there’s an update, you will be informed on your application status through ACASC system within a day as soon as we receive university’s notification. You will simultaneously receive ACASC auto-email about the application status. To directly inquire about your application status, feel free to send us an email to admission@acasc.cn and our team will keep you updated.

Question: How to deal with a pending application?

Answer: When an application is pending a decision it means that your school has received it and no admissions decision has been made yet. The admissions office may have reviewed your application package or may not have. The main cause of a pending application is usually incomplete application documents. As a result, you will be requested by the school’s admission office to re-check and modify all submitted application documents or perhaps even add extra documents and then re-submit them.

To avoid further delays, carefully read the university’s comments, modify your application form on ACASC, and re-upload the required application documents. You can contact ACASC on admission@acasc.cn for any help with regards to your pending application.

Question: How long does it take to process my application?

Answer: Processing time varies for different applications. For example, to process a degree program application requires more time than a Chinese language application. Confirmation for Chinese language application by the admission office usually takes 2 to 4 weeks. However, time for degree programs application differs. For example, fall semester application processing is after March, and it takes a period of 1 to 2 months. This also depends on your qualification and the number of applicants.