College graduates entering the market are finding that international internships and coursework are invaluable experiences for their career. As companies expand globally, employers desire people on staff who have an international perspective. Accounting practices and tax laws differ by country, and knowledge of how to handle these transactions will open up career opportunities for the accounting major.
Students who study abroad have many colleges to choose from. These schools provide courses in international financial laws and regulations. TheGerman-Jordanian University is a business school in Jordan and prepares students for international accounting jobs as controllers and auditors. This school also offers a master’s program and prepares students interested in taking certification exams.
Two other schools, located in the United Kingdom, provide accounting courses to prepare students for an international job. The University of Glamorgan andUniversity of Northampton are business schools that cover International Accepted Standards and GAAP, or Generally Accepted Accounting Principles used in the United States.
The demand for international accounting professionals is expected to grow through the year 2014. This is due in part to the changes between the IFRS (International Financial Reporting Standards) and FASB (Financial Accounting Standards Board). These changes in international accounting and taxes, called the US GAAP-IFRS convergence, could change the way 18,000 U.S. public companies prepare financial statements by the year 2015.