Accounting degree has an international flair
Two universities are bridging international boundaries for students to study accounting in China and the U.S.
Western Michigan University announced recently that its Haworth College of Business has signed an agreement with the Guizhou University of Finance and Economics located in southwestern China to allow GUFE students to earn an accountancy degree from WMU as part of a dual-degree program.
Christina Stamper, associate dean of undergraduate programs for the College of Business, said an education from a reputable U.S.-based university is highly valued in China.
“This new agreement is beneficial to the students, because there is a lower cost associated with studying in the U.S., yet they are still able to earn a college degree from a well-respected university in the United States,” said Stamper.
The initial agreement between WMU and GUFE is anticipated to last through 2025 with five cohorts of students from the university in China participating in the program. Stamper also indicated the timing of the agreement is “significant” since the Guizhou province experienced significant economic growth last year that has driven demand for accounting professionals.
Through the program, the student cohort will spend three years studying accounting in China with both GUFE and WMU professors before traveling to Kalamazoo during their fourth year to complete their dual degrees from the two universities.
During the first three years of the program at GUFE, WMU professors will teach approximately 10 business courses during May and June each year, covering topics such as finance, marketing, management and accounting. Students will take at least 30 credits, or 10 classes, at WMU during their final year in order to meet degree requirements from the research-based university.
Mingming Feng and Roger Tang, both faculty members within the WMU Haworth College of Business, are planning to work with other faculty to ensure GUFE students in China and Kalamazoo stay on track to earn the dual degrees.
Stamper indicated nearly 95 students from GUFE were enrolled this past fall in the first cohort of the new program. The college anticipates between 55 and 65 students to arrive in Kalamazoo each year beginning in the 2018-19 academic year to complete their degree, since not all of the students will meet the requirements for the fourth year.
The Guizhou University of Finance and Economics is based in Guiyang, Guizhou Province, and has three campuses serving more than 25,000 undergraduate and 1,000 graduate students. The university offers approximately 50 bachelor’s degree programs, and several different types of master’s degree programs.