How do I start studying accounting in Turkey?

StudyFans Date : 26 Apr 23

Accounting and financial management are concerned with managing funds in institutions, investing in international markets, and recording and analyzing financial transaction-related details in the business world.

Accounting is the backbone of any company; every company has an integrated accounting department, or they take the help of specialized accounting firms to manage their financial matters.

Turkey is one of the economic countries with many businesses and companies. Therefore, accounting specialization is among the primary specializations in Turkey. On the other hand, accountants' salaries are rising in many countries today due to the lack of competencies. These two reasons make Turkey an excellent destination for seekers of accounting study.

What is Accounting Specialization? 

Accounting is one of the branches of management concerned with managing financial operations and accounts of companies and institutions to calculate profits, losses, and discounts to present the financial status at the end of each financial year. 

Despite its among the first specializations, accounting still has a great demand due to the continuous progress and development of the global economic system and the high number of emerging companies every year. These companies need an accounting specialist to manage their financial operations to steadfastness in the market and consider financial risks.

Advantages of Accounting Study in Turkey

Turkey is among the solid economic countries and occupies an essential position in the business world, allowing you to be mentored by the best academic cadres in business administration and accounting.

• Being an accounting student in Turkey will allow you to learn the investment methods, how institutions and companies operate, and how they manage their funds with international standards.
• Turkish universities provide students with training opportunities in different companies and institutions, allowing the students to gain the required experience and knowledge in the labor market.
• Turkish universities are also part of student exchange programs, most notably the Erasmus program. Under this program, the students can study for one semester or more at European universities.
• Some Turkish universities, through their dedicated departments, provide the graduates with the necessary support by conducting training courses to develop students' skills in job hunting. Moreover, other universities also provide graduates with job opportunities through partner institutions.
• Some Turkish private universities offer a double major, allowing outstanding students to study two different specializations simultaneously while covering all study expenses. For example, suppose you are studying accounting, and you are an outstanding student. In that case, you can choose to study business administration besides accounting to refine your skills and abilities and increase your chances of obtaining a post-graduate job.
• Some universities also offer elective courses to enrich your knowledge and allow you to explore more about the registered specialization.
• Studying accounting allows you to be involved in other labor market areas, such as finance, economics, business administration, commerce, and banking.

Read more about: Advantage and disadvantage of Studying in Turkey

What are the majors of accounting?

The core branches of accounting include:

 Bookkeeping

This branch is concerned with recording the financial transaction, accounting operations, and any fund flow in the institution. It is an excellent option to start your career after graduation. This specialization is the foundation of many other specializations for accounting.

Financial Accounting

This branch handles all operations after the bookkeeping process. It is concerned with preparing basic financial statements such as income statements, balance sheets, and cash flow statements. This branch is essential to evaluate the company's performance and analyze problems.

Management Accounting

This broad branch includes several tasks such as determining the budget, details of internal accounts, costs and pricing, studying competitors, and studying the company's position.

Tax Accounting

It is represented by tax institutions or offices and is responsible for ensuring that company taxation is established correctly and legally to submit tax returns to the relevant authorities. Studying this specialization does not mean ignoring other specialties; each specialization is essential, and you may need it during your work.

Learn about: Why Turkey?

Duration and Medium of Instruction for Accounting Study in Turkey 

The duration of studying accounting in Turkey is four years. An additional year will be added to the total duration if the student wishes to attend the language preparatory year.

This specialization is available with a Turkish medium of instruction. However, some universities offer accounting programs in English, requiring students to submit an English language proficiency certificate, such as TOEFL, or to clear the English language test, which varies from one university to another.

Accounting Study System in Turkey and Courses 

The name and the order of the courses may differ from one university. However, the scientific content will be almost the same. Here are some of the available courses in the accounting program:

• Accounting Principles
• Financial Management
• Cost Accounting
• Accounting for Financial Institutions
• Accounting Administration
• Financial Statements Analysis
• Financial Accounting
• Tax Accounting
• Corporate Accounting
• Government Accounting
• Auditing
• Advanced Accounting
• International Accounting Standards
• Macroeconomics
• Microeconomics
• Statistics
• International Auditing Standards
• Computer Accounting Applications
• Principles of Administration
• Internal Audit

Admission Requirements to Study Accounting in Turkey

Admission Requirements in Turkish Public Universities

• Some public universities require you to appear for the YÖS exam conducted by the university or to submit SAT results if you wish to study in English. The required score may differ from one university to another.
• The student must submit a General Certificate of Secondary Education (GSCE) with a specified average by the university. If the student wishes to apply for a scholarship, the required GSCE average will be higher.
• The student must submit a language proficiency certificate based on the medium of instruction for the registered program (TÖMER if the student wishes to study in Turkish and TOEFL or IELTS for English).

Admission Requirements in Turkish Private Universities

• Private universities do not require a specific GCSE average. However, it is preferable to have an average of 50% and above.
• The student should submit a language proficiency certificate or appear for the language test at the university if he did not manage to submit this certificate.

Know more about: Application Requirements to Study in Turkey

Best Turkish Universities to Study Accounting and their Tuition Fees 

1. Istanbul Aydin University 

Istanbul Aydin University offers the following accounting programs:

• Undergraduate program in accounting and financial management with Turkish medium of instruction and $4,000 as annual tuition fees
• Master's program in accounting and auditing with English medium of instruction. The tuition fees are $8,000 for the Non-Thesis master's program and $9,000for the Thesis master's program.
• Ph.D. program in accounting and auditing with a Turkish medium of instruction and at $10000.
• It also offers a two-year associate program in accounting and taxation applications with a Turkish medium of instruction at $2700.

2. Istanbul Arel University 

• Istanbul Arel University offers an undergraduate accounting and financial management program with a Turkish medium of instruction and $2600 as annual tuition fees.
• It also offers a two-year associate program in accounting and taxation applications with a Turkish medium of instruction at $2000.

3. Izmir Economic University

•  It offers an undergraduate program in accounting and auditing management with an English medium of instruction and annual tuition fees of $8000.

4. Yeditepe University

Yeditepe University has two master's programs in accounting:

• Accounting and auditing with English medium of instruction at $9,000.
• Accounting and finance with English medium of instruction at $9,500.

5. Istanbul Işık University

• Istanbul Işık University offers a master's program in accounting and auditing with a Turkish medium of instruction. The tuition fees are $4000 for the Non-Thesis master's program and thesis program.

6. Medipol University 

• Medipol University affords a two-year associate program in accounting and taxation applications with an English medium of instruction at $2520.

7. Altinbaş University 

• Altinbaş University provides a Thesis master's program in accounting and auditing with a Turkish medium of instruction and a tuition fee of $4,000.

8. Bahçeşehir University

• Bahçeşehir University offers a Non-Thesis master's program in accounting and international reporting with a Turkish medium of instruction and a tuition fee of $9,000.

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