By the end of high school, I had decided that business, especially accounting, would be the best fit for me because of my educational background in Liberal Arts and my strength in quantitative analysis and mathematical problem-solving. After studying accounting at the Kelley School of Business and talking to my accounting professors, I further confirmed my choice to seek a career in Accounting, and I decided to pursue a graduate accounting degree at McCombs School of Business.
My short-term goal is to become a Certified Public Accountant (CPA), and work as an audit professional in a public accounting firm in the United States after obtaining a degree in the Master in Professional Accounting (MPA) program. I will gain professional skills and ethics by studying in the internationally recognized program at McCombs and working in the mature financial market of the United States, which will benefit my long-term goal of becoming an internal auditor in China, my home country.
My long-term goal is to work as an internal auditor in a sino-US joint venture or a Chinese company listed on the U.S. stock exchange in China. My background as a CPA, my previous work experience in the United States, and my strong work ethics will keep me one step ahead of other accountants who do not have the certification or work experience in the U.S. According to an article published in Beijing Evening News on November 27 last year, there are only about one thousand people in China who have obtained a CPA license from American Institute of Certified Accountants (AICPA), and the estimated demand for accountants who are familiar with Generally Accepted Accounting Principles (GAAP) and have a CPA license is 250,000. The gap between the demand and the supply of U.S. CPAs in China indicates huge job opportunities, but the gap is getting filled as more Chinese students study accounting in the U.S and participate in the CPA exam. I need to react quickly to stay ahead of other competitors, so I believe now is the ideal time to pursue a master’s degree and get more professional skills in the MPA program.
The MPA program at McCombs School of Business can benefit my professional career by providing an in-depth discussion of both GAAP and IFRS. In addition to courses about GAAP, McCombs designs ACC 380K.1 (Financial Accounting Standards and Analysis I) which covers current financial reporting standards, including International Financial Accounting Standards (IFRS), and discuss the future convergence of U.S. GAAP and IFRS. In 2006, the Chinese government introduced the revised Chinese Accounting Standards (CAS) which...