有没有好的accounting大牛写的ps??

camilla78

有accouting背景的人写出来的东西一定不一样。希望能借鉴一下！

realheart

QUOTE:

以下是引用camilla78在2006-11-9 8:41:00的发言：

有accouting背景的人写出来的东西一定不一样。

maybe that's not true.

crossmoon

在这里share几篇供LZ参考。

Having worked for approximately 4 years in the field of accounting at XX Group, China’s largest computer giant and at the United States’ Consulate General in XX，I have developed wholly new understanding of accounting in both its theoretical and practical aspects. And this understanding has led me to form my lifelong objective to engage in the research of accounting. I believe that with my outstanding creativity and sound logical thinking, I can maximize my self-actualization only through an intellectual career of undertaking the most challenging academic research. I am also convinced that my education foundation in accounting during undergraduate career at China’s XX University of Finance and Economics and my abundant work experience in the relevant fields, as well as my demonstrated personal qualities, are my best assets to undertake a Ph.D. program in accounting.

 

I completed my undergraduate education from 1995 to 1999 in China’s first certified public accountant program at XX University of Finance and Economics. My entire undergraduate career saw me fascinated by research on the relationship among apparently unrelated statistics and the effect produced by the statistical fluctuations on given economic entities. I had the penchant for linking together various indexes by studying the equations of different relationships, such as the Dupont Financial Management Method. In this way I could develop a clear picture of an enterprise’s business operation and gain an in-depth knowledge of the enterprise’s business activities as shown in the financial reports. Even though the stringent grading system of my university caused my overall GPA not as high as I would have desired, my dedicated efforts at such specialized courses of accounting as Financial Management, Taxation Law, Advanced Financial Accounting, and Financial Analysis nevertheless ranked me among the top five of my class (including the top ranking in the junior year), with obvious ascendancy throughout the four-year program.

 

A strong indication of my research potential is my thesis entitled How to Deal with Several Special Items of Accounting in the Income Tax, which was published in the Journal of XX University of Finance and Economics (Issue 4, 1999). The thesis focused on several special issues that occurred during China’s accounting reform, such as the continuous financial losses of enterprise, bankruptcy liquidation, reform of share system, corporate merging and breaking-up, asset evaluation, etc. In writing this thesis, which was rated “first-class thesis of the year”, I referred to the practical experiences of the United States, Britain, France and Germany and to China’s relevant laws as stipulated in the Statement of Enterprise Accounting Standards, generalized on the methods and some noteworthy issues in dealing with the income tax accounting under the aforementioned circumstances. In addition, I specifically pointed out that the deferred tax earnings caused by income tax in such situations must be precisely recorded during the period of such occurrence so that the figures in an enterprise’s financial reports can adequately embody the true asset value of that enterprise.

 

On top of my academic background is my work experience. I assumed various responsibilities of financial management at both enterprise and government department, which can be divided into two major phases. In the first phase between 1999 and 2002, my position was that of financial analyst and financial supervisor at XX Co. Ltd. My major responsibilities included the matching of financial statistics of XX in China’s XX region with its business statistics and the analysis of the Group’s business operations, covering the RATE OF RETURN ON SALES and RATE OF RETURN ON TOTAL ASSETS, and the influence of government tax policies on the Group’s business operations. My greatest achievement is that when examining the 2001 financial statement, I discovered that the increase in market promotion costs failed to result in corresponding increase in income and profit. Instead, there existed negative growth. Based on this discovery, I further found that there were many unreasonable market promotion costs. Those important findings of mine provided essential information for the enterprise’s strategic adjustment and the expected profit growth in the year 2002.

 

In the second phase from 2002 to the present, I have been working at the United States’ Consulate General in XX where I am made fully responsible for the financial operations within the Consulate, including keeping account of the cash flow, income and costs, and planning the fund demands and the fund application (资金需求与使用) . In doing this, I used the WINACS, the financial operating system specifically developed by the State Department of the United States for all the American embassies and consulates around the globe. What deserves special mentioning is that, in December 2002, I was given the EXTRA MILE AWARD for my successful dealing with the problems that occurred in the transfer of Foreign Service Nation Payroll System, an award to commend my ability to deal with crisis situations as a new employee, my professional quality and conduct. In March 2003, I attended the intensive financial training program in XX, XX, and, as the most excellent trainee of the program，I received the certification that allows me to engage in financial service in any overseas diplomatic organizations of the United States.

 

The research on the theory of accounting involves the theories and methodologies in related disciplines such as economics, statistics, finance, and even psychology. I am most fascinated by both its object and the strategy of research. The greatest motive behind my application for a Ph. D. program in accounting at your esteemed university lies in the desire to establish a solid groundwork, through systematic trainings in accounting, for taking up a career in teaching and research in the future. This is the career objective that I have developed after my 4-year work experience. I believe that after completing my Ph. D. program, I will become a highly qualified teacher and researcher in the field of accounting. I will be able to seek employment with a certain research institute or a prestigious university in China. In China, the job of teaching is a well-respected profession and this profession, while giving me a sense of being respected, will also allow me to engage in scholarship whereby I can disseminate the advanced theories and ideas of accounting that I will have learned.

 

In my proposed degree program, I expect that, on the basis of doing extensive coursework in basic courses, I can focus on studying the effects produced by the changes of national tax policies on various aspects of society, e.g., the effect on the disclosure of the financial information by different types of enterprises (the conventional enterprises and the Hi-Tech enterprises), and the effect on the planning of personal finance. I became interested in this issue when I worked as the financial analyst at the XX Group. As the Group is a Hi-Tech enterprise, it could benefit from a privileged taxation policy — exemption of income tax for two years, followed by a 50% reduced taxation for another three years. Therefore, an important part of my future research will concentrate on the effect of taxation policies on the operations of enterprises. At present, China is involved in reforming its economic system and in integrating into the world economy. I wish that my research proposal will be of much importance to China’s ongoing economic transformation and restructuring.

 

Toward such an objective, an education at XX University becomes indispensable. XX University attracts not only with its unparalleled strength in the teaching and research of the accounting science but also with its important geographical location in XX, the center of science, technology and trade in the United States. It comes as my top priority. As a former student with a strong educational background in accounting and an employee with meritorious performance, I have full confidence in my mathematical and English language abilities (my job at the American consulate and my training at XX all happen in an complete English environment) necessary for undertaking advanced studies in accounting. In addition, my 4-year work experience will become my most important asset and this may distinguish me from the rest of the applicants. With all those qualifications and preparations, I have an implicit faith in my proposed degree program and in a bright career that this program will make possible.  For this and a host of related reasons, I hope that my application can be most seriously considered.

crossmoon

The immersion in rich cultural atmosphere tends to cultivate in one a strong yearning for knowledge, diversified interests, and a healthy personality. I am the very person who has benefited from such an immersion. Growing up in Beijing, capital of China ancient and modern, my parents being intellectuals, I spent my childhood in our family library of 6000 books. I started practice the piano and Chinese calligraphy at the age of 5. I won second prize at the 1996 Sino-Japanese Juvenile Calligraphy Contest, an achievement which qualified me for a 1-month trip to Japan on an exchange program.

My family upbringing and the effective early education that my parents gave me laid the foundation for me to sail through elementary, middle and senior middle school education with top-ranking scholastic performance. This distinguished performance finally resulted in my being nominated for an undergraduate program at Tsinghua University, the most prestigious university in China in engineering, waived of an entrance examination, a privilege and special honor in present-day China where college and university admission is so competitive. But out of my love for accounting, I relinquished the opportunity and entered Capital University of Economics and Business (CUEB) where I chose to major in Accounting (Certified Public Account) at the Accounting School. Throughout my undergraduate program, I achieved an annual escalation in my GPA and managed to remain in the top three among a total of 160 students in the entire School. What is more, my scores for Fundamentals of Accounting, Cost Accounting, Management Accounting, Advanced Accounting, and Specialized English are the highest in the entire School. I was awarded first-class scholarship for four consecutive years and the honor of Three-Fold Excellent Student twice. In 2001, I was granted by Beijing Education Committee Tokyo Mitsubishi Bank Scholarship, which only 3 students from CUEB obtained.

Due to my distinguished performance, I have been frequently selected by CUEB to participate in a variety of academic exchange events, such as Advanced Seminar on International Accounting Norms and Comparative Accounting Between China and the West. Through participating in those events, I not only kept myself abreast with the latest international developments in accounting, but also gained a constantly renewed understanding of the research and research methodologies in this field. I believe that in order to probe into the essence of accounting, it is necessary to understand the large context of economics and the relevant knowledge in finance, law, and taxation. This belief motivated me to undertake heavy coursework in finance as a subsidiary program and so far I have obtained good scores in many such courses. Meanwhile, I devoted much of my spare time to the self-study of some western classics in my field, such as Economics—Private and Public Choice by James D. Gwartney and Richard L. Stroup, Principles of Corporate Finance by Richard Brealey and Steward Myres, and Intermediate Accounting by Donald E. Kieso and Jerry J. Weygrandt, etc. In addition, I have immersed myself in leading scholarly journals and magazines both at home and abroad, broadening my ken of knowledge and my perspectives while improving my ability to collect data and screening relevant bibliography.

Accounting is a science requiring high-level comprehensive qualities of its practitioner. Innovativeness, communication and coordination are also indispensable. To cultivate and develop those qualities in me, I took part actively in extracurricular events. Honored as Excellent Student Leader, I helped launch the Accounting Forum, a study group by the students of the Accounting School themselves, the first of its kind in our university. Through this Forum, I successfully organized a number of academic exchanges and research projects such as accounting debate, lectures, and seminars. In organizing those activities, I was committed to providing students with extracurricular opportunities to deepen their knowledge about accounting. Although my extracurricular responsibilities consumed much of my time and energy, the efficiency with which I studied has not only resulted in my outstanding performance in coursework but also made it possible for me to enhance my all-round abilities.

The Student Journal of Accounting is the first academic journal launched by students of the Accounting School, of which I act as its editor-in-chief. In close collaboration, I and other editors have been responsible for every step of publishing the journal—inviting students to contribute articles, editing, designing the format, printing and even binding. The result is an exquisite little book with high professional standards that has been circulated in the entire school and widely acclaimed by teachers, specialists, and students. I was recommended to do internship at Beijing Zhong Ping Jian Accounting Firm reputed for its professional quality and for its business volume. As project assistant, I had the opportunity to participate in several auditing projects. These projects involved a great variety of clients including state-owned enterprises, private enterprises, and foreign enterprises, to which different accounting methods and taxation policies were applied. I consciously exercised my knowledge of accounting in the solution of the practical problems involved in those projects and developed a heightened realization that accounting is a science that demands both profound theoretical knowledge as well practice skills.

Again, in view of my distinguished, my School has nominated me to embark on a Master’s program waived of entrance examination. I declined, believing that an education in England will be more appropriate for me. The reason for this is that I have come to find the existing conditions of Chinese finance and accounting cannot meet the increasingly high requirements of Chinese economic development. Chinese enterprises face a wealth of problems, among which the most prominent is the prevailing low level of Chinese financial management and enterprise management system. Financial management by far remains the most important problem for enterprise administrators and those enterprises are in most urgent need of management professionals who are well-versed both in international rules and financial knowledge as China is increasingly integrated to international financial world. With the flow-in of an increased number of foreign enterprises, the only way for Chinese enterprises to compete against their foreign counterparts is to establish a powerful enterprise management system centered around financial management. Meanwhile, countless medium- and small-sized Chinese enterprises seriously lack sensible financial decision-making and broad international perspectives in their management, although they are by no means deficient in either unique technology or resource. Hence, to strengthen Chinese enterprises, it is crucial that a generation of young students go and seek advanced education in developed countries whereby they learn useful concepts in finance and accounting and actively explore ways of applying their knowledge and integrate it with Chinese domestic situations.

The University of ----- attracts me most first because of its beautiful campus and environment. It is reputed for its long history and strong faculty. What is especially fascinating is its curriculum, which is as comprehensive and it is unique. In terms of teaching methodology, it focuses on the training and development of research approaches, which can compensate my present deficiencies formed under Chinese education system. The learned professors are not only knowledgeable theoretically but also maintain close ties with the financial circles. In this academic environment I will be exposed to the most forefront financial and accounting theories and practices. I will also have to chance to meet and exchange with students from different countries of the world, with different cultural and professional backgrounds. Those associations and exchanges will be especially important in that they will widen my horizon, stimulate my thinking, and develop my perspectives. Therefore, I have long dreamed of entering your esteemed university. In your future program, I will focus on (International) Accounting and Finance, Accounting and Financial Management, Consulting and Accounting, and Management Accounting. The 1-year program is all too transitory, but I expect to learn important methods and concepts that can provide important guidance in my future career.
At an alumni gather-together, I found that virtually all successful alumni have experienced some kind of setbacks and have managed to fight their way to success from where they have failed. I am aware that my future studies will be replete with difficulties. Just as successful sailors would regard each combat against tempestuous storm and raging waves as a necessary part of their training, so I aspire to meet my challenges and be successful in an area that I truly love.

crossmoon

Although I have got the qualification of a senior auditor in a large certified public accountants company of China, and I am enjoying the possibility of getting a promotion to a post of senior manager, I am determined to quit and apply to pursue a master degree of accounting in your distinguished university. I firmly believe that I have made a wise choice for my career since I have clearly realized, through the study and work in the past years, that with the acceleration of globalization of the world economy and China’s accession into the WTO, the capital market of China and accounting method will be in line with the international practice. In this case, only the people with a master degree can occupy a position in the fierce competition. As I have always been among the best group of my peers, both in study and work, so I also want to be the best ones in the future career.

I worked in two large certified public accountants companies of XX after I graduated in 1997, accumulating rich experience in auditing. Moreover, I have passed all examinations of CICPA (Chinese Institute of Certified Public Accountants). I the past two-plus years, the auditing programs I participated in concern many fields such as large-size projects, commercial bank, and investment bank including XX, the inspection of the XX, XX, and etc. All the customers are well-known enterprises in China, which has given me a very good opportunity to improve my theoretical level as well as my practice ability by exchanging with financial experts in an environment with the business operation of the highest level in China. Thanks to my profound foundation in accounting and auditing, together with my excellent quality, I had the opportunity to participate in the audit of large programs. Now I have already had the ability to be in charge of large auditing programs independently. My performance is quite outstanding in my peers.

 My excellent performance in the work should contribute to the profound theoretical foundation laid and the comprehensive ability acquired when I studied in the Business School of XX University. In 1997, I entered the Business School of XX University by ranking first in more than 1,000 students in my hometown, and I ranked fifth in the department (including more than 100 students). I was awarded with the scholarship every year, and moreover, I was granted with the title of “Outstanding Graduate”. I majored in monetary and banking when I pursued my bachelor degree, not in accounting, but the Business School of XX University attaches much importance to the education of comprehensive basic knowledge made me have the opportunity to touch many courses in accounting. In addition, my interest in accounting and the time and energy I spent on accounting enabled me acquire more knowledge in accounting than the ordinary student majoring in accounting. Moreover, the basic knowledge of economics I have learned as a student of monetary and banking enabled me to analyze financial problems from the angle of economics.

 As a subject specializing in the study of management and control of internal financial information of enterprises, accounting has its own precise system and method. My special interest and talent in mathematics (I was granted with “First Grade Award” in the mathematics competition in high school) makes me handle the study and work in accounting with facility, and also enjoy the sweetness in accounting. I have always been thinking and studying various accounting problems in my study and work. Although China’s economy is developing rapidly, but the capital market of China is emerging, and accounting sector, the central link for information publication of capital market, especially CPA, is also at its early phase in China.

 As a loyal staff for this sector, I always worry about various problems facing the accounting sector and capital market in China, so I intend to study accounting in XX, a country with the most mature capital market in the world. I hope to explore the evolution of the capital market and theory of accounting in XX, learn the core of modern economic theories, and seek the development way for Chinese accounting sector by incorporating these theories with Chinese national conditions.

 I have explored various risk models. In auditing, audit risk needs to be quantified and put under effective control due to increasing litigation risk. In China, however, the certified public accountants do not quantify risk by using the current theory, but do their work by working experience and intuition. The result is that theory and practice are on the two totally different ways. I managed to combine audit risk model with sampling risk model, aiming at using risk models in practice, and through which I benefited a lot. In future study, I hope to conduct deeper exploration in this regard. I think that for China, this is a subject of great significance. My profound foundation in mathematics, keen interest in this issue, and the study I have conducted, will help me to obtain success in the study of this program.

 Accounting is a subject combing theory and practice, and only the person with huge enthusiasm and good logical analysis ability in accounting can make great contributions to this subject and sector. For my future study and career, I think I am well prepared in terms of theoretical foundation, practical experience, and personal ability. I know that to pursue a master degree in a foreign country is arduous work, but I also know that only experiencing such toughness can a person achieve success. For me, accounting is beyond a means of making a living, and what I pursue is to create a highly effective economic world through the accounting knowledge I have acquired. Therefore, I sincerely hope that you could provide me an opportunity to taste the sweetness of harvest by persistent efforts.

crossmoon

The essential difference between an architect and a mason lies in the fact that an architect has a power to make the overall structural design and to exercise creative macro control while a mason simply does what he is told to do, passively and mechanically. This also constitutes the underlying difference between a researcher of accounting, contributing to the formulation of macro accounting policies, and an accountant who is a mere follower and executor of accounting policies and procedures. Of the accounting researcher and the accountant, I am more prepared to become the former. This is because to become the former poses a greater challenge to me in terms of the exercise of initiative and creativity and I am at my best in meeting challenges. Toward this objective, I deem it necessary to pursue your Ph.D. program through which to develop myself into a well-trained research who will be capable of framing effective accounting policies in future China with which to regulate the corporate behavior and facilitate the country’s social and economic operations in a healthy and orderly fashion.

This summer, as the sole undergraduate, I participated in the XX led by my advisor Prof. XX. The project attempted to classify and document the associated transactions as evidenced in the financial reports that could be collected concerning all the listed companies in China’s XX and XX Stock exchange markets. A database was established to allow detailed analysis from which to extract certain similar irregularities that could help XX to give more realistic information exposure concerning associated transactions and to draft relevant accounting policies. In my research, I was shocked at the rampant malpractices of some of the listed companies. Such malpractices, which ran directly counter to the principle of credibility, have produced serious menace to financial security of the country and have severely undermined the principle of equality, in addition to damaging the immediate interests of countless shareholders.

To prevent and eliminate the malpractices of the listed companies and to adequately protect the legitimate rights of the stockholders, it is impossible simply to rely on the labor of the accounting auditors. This can be illustrated in the case of the XX accounting scandal. XX went bankrupt for deceiving shareholders by producing false profitability reports while Arthur XX Accounting Firm, as the auditor of the XX, was subjected to legal proceedings and was also forced to file for bankruptcy for conspiring with Enron in destroying the accounting documents. This scandal has not only exposed the existence of serious flaws in the present economic order (which is far from perfect) but also testify to the indispensable role of effective accounting policies in standardizing the behavior of the market subject and in circumventing the risks inherent in market transactions. One of the most glaring lessons that can be drawn in the light of the burning embers of XX is the lack of appropriate governmental regulations coupled with loose enforcement of the laws that are already in existence. It is my belief that stronger enforcement of current laws along with additional legislation will be necessary to ensure that an XX-type scandal does not erupt again.

Inspired by “Self-Discipline & Social Commitment”, the motto of XX University where I am studying, I have been making full preparations for your Ph. D. program through my 4-year quality education and rigorous training in the specialty of Accounting at the School of Economics and Management. In studying a wide spectrum of basic and advanced courses, I have acquainted myself with the fundamental principles of accounting, the framework of accounting as a scientific discipline, and its methodologies (through mathematics, economics, and financial management). I have also developed a clear understanding of the accounting operations (through intermediate financial accounting). I have achieved a distinguished academic performance in my specialty, the GPA in my specialty reaching 3.8, with the highest scores in a number of courses in the entire grade or the entire school. My overall GPA reaches 3.4, landing me in the top 3rd position in a total of 62 students in my class. As the sole student to have won the first-class scholarship for academic excellence in the school during the academic year 2001-2002, I have been receiving advanced training in the program of XX and so far I have passed 12 tests out of a total of 14.

What has distinguished me from most of my classmates who confine themselves to their mere academic study is my active off-campus participation in social survey projects and in studying the country’s economy. I once led a team of students on a survey tour of the Enterprise Group of XX University. Through extensive exchanges of the top management, we carried out detailed analysis of the financial condition of the group and its utilization of the capital. Finally, we put forward a number of rationalized proposals concerning how the Group could best undertake effective financial management. My extracurricular practices also include a two-month internship in 2002 at the XX of the XX Branch of China Communications Bank and a part-time job since June 2003 at XX Ltd, a XX investment bank, where I am responsible for the financial auditing of its invested companies, and its own internal control and information management.

With my academic and research foundation, I am bent on seeking a career in accounting research which may involve me in formulating optimum accounting policies for the relevant interested person in the economic sphere. Those policies will promote the effective operation of the capital market and produce important incentive for the performance of professional managers. With the burgeoning of market economy in China, Chinese listed companies share many important similarities with their American counterparts. The successful experiences of the United States in accounting legislation, especially the legislative practices in the post-XX era, will undoubtedly shed light on the perfection of Chinese accounting system. A systematic education in accounting theory and an insight into American accounting legislation past and present are what I wish to acquire through your well-respected Ph.D. program. Such an education and insight will give me a comparative approach and an international perspective.

I have also tried to acquire some tentative research experience. This year, I have participated in XX—sponsored by XX University. Regarding the problem of screening under the condition of information asymmetry, the essence of economics of college entrance examination, I applied the static game-theoretic model concerning complete/incomplete information and analyzed the Nash equilibrium results that correspond to decision-making strategies among different applicants on the basis of three different application mechanisms. The model could help evaluate the efficacy of the three mechanisms in screening qualified applicants. A paper I wrote as second author based on the project’s research findings has been published in the Economics Quarterly of XX University. Although this project is not directly related to my specialty, nevertheless, I exercised my knowledge of mathematical modeling and cultivated my research potential.

Corresponding to the diversity of accounting research, I would like to concentrate on an equally diverse range of interests, including (a) accounting concepts, standards, measurements, and the conceptual framework that integrates them; (b) analyses of the relationship between accounting information and stock prices; (c) the institutional environment of accounting and accounting public policies that are generated therein; and (d) corporate finance. The truly integrated and innovative curriculum and the interdisciplinary nature (accounting and law) of your program, plus the best student-to-professor ratio of any top 10 school, are what have attracted me to XX University. If admitted into your prestigious university, I would undertake in-depth coursework ranging from advanced accounting theory and mathematical modeling to economics. Meanwhile, I will bring into full play my perceptive understanding, analytical ability, and sensitivity to major economic events in discovering meaningful research topics and undertake in-depth research on them through substantive evidence, penetrating analysis and pertinent explication.

I have been a blood donator twice. In donating my blood, I wished to contribute to the physical welfare of others. In choosing to specialize in accounting research, I am determined to perform an equally important social responsibility as the guardian of the financial order. Therefore, I will take firm steps to develop myself into an architect of accounting policies, laying a solid foundation for a beautiful and secure mansion of market economy in which every individual inside this mansion can behave freely in a safe and harmonious milieu.

crossmoon

Two decades ago when the Japanese commodities flooded the entire world, even the most imaginative observer failed to predict that China would supplant Japan to become the “world factory” that it is now. Similarly, although current international controversies about China’s financial industry are largely confined to whether China should appreciate its RMB value and open its financial market wider, who can bet that China will not become a leading international financial center in the near future?

“Impossible is nothing.” As a student of finance, I have implicit faith in China’s being the fastest growing financial market in the world. To become prepared for the advent of this historical development and play an important role in this process, I need to pursue advanced education in my area of specialization. On the other hand, the financial market of China has already produced some financial scandals comparable to the Enron/Arthur Andersen, Global Crossing and WorldCom accounting scandals. This is especially disastrous for a fledging market. While western countries have enacted a higher level of responsibility, accountability and financial reporting transparency on accountants and organizations, it is vital for China to learn from those measures. I believe that ethical standards are equally important in accounting education, along with learning accounting practices and principles. It is my strong desire to learn how to uphold the highest standards of ethics and to pass this knowledge on to my home country. 

On the verge of completing my undergraduate program at the Department of Accounting of XX University whose financial management specialty is ranked first in the entire country in the most recent national assessment, I have decided that the MSc in Accounting and Financial Management of XX University is exactly the program that can satiate my academic and professional objectives. Reputed for its excellence in both teaching and research, your program furnishes graduates with theoretical and practical skills required of accountants and financial managers for success in the increasingly complex world of finance. Another fascinating quality is that through your program a valuable foundation is laid also for careers in investment banking and financial analysis. This career-oriented nature is what I appreciate most about your program.

I deem myself a most worthy candidate of your highly respected program not only because of the close connection between my current undergraduate program and your postgraduate program but also because of the excellence I have achieved in my program. With a GPA of 84.45/100, I am ranked top 8 in a total of 40 students in the entire grade. I have achieved especially high scores in three categories of core courses (dominated by presentations and case analysis)— (1) financial management, (2) finance, accounting, and auditing (3) mathematics, statistics, and economics. Plus a whole spectrum of advanced courses in my final year, this academic background corresponds perfectly to the course structure of your program.

One of the key developments happened when my distinguished performance in advanced financial management course qualified me, out of 80 candidates, for a 4-member team led by Prof. x x x , (chair of the department who taught the course) on a survey project concerning the structure of equity rights of China’s listed companies, a project commissioned by XX. Among thousands of the companies, we sampled the most representative 20 in each industry and collected their financial reports over the past decade. By applying statistical methods and excel software, we quantified the data and ferreted out their similarities and differences. Although our work was quite basic, collection and codification of statistics, I improved my fundamental ability to perform rigorous scholarship through effective and productive teamwork.
My academic career consists of many other important activities. Prior to the International Conference on XX hosted by our department, I helped doctoral students consult all the available relevant literature on the subject that enabled them prepare several high-quality working papers. In the “XX” University Thesis Competition this May, I claimed a third prize with a paper entitled XX. As CFO of the university’s English Club, I made the club’s both ends meet by winning sponsorship from local enterprises when I found membership fees alone could not support the club’s day-to-day operation. As vice chairman of the student organization Economics Association, I succeeded in securing the autograph of our association’s name from the Nobel laureate Prof. XX when he came to deliver a lecture at our university, giving tremendous encouragement to the members of our association. I have done extensive internships at XX City’s Development Zone, XX Bank (XX Branch), and China XX (XX Subsidiary), gaining insights into government finance, banking, and advanced financial management respectively (China XX being a leading state-owned listed company employing XX, XX, and XX, etc).

I love financial management because of its central importance in corporate development and its challenging nature. As the agent capable of optimum allocation of resources in a world where resources are rapidly depleting, a corporate organization depends on financial management as its “nerve center,” enabling the functioning of all other departments. Financial manager must have comprehensive knowledge about accounting and financial statistics, corporate financial procedures, securities management (including derivatives pricing and analysis of the market behavior of the financial investors), as well the macro market environment. For me, to be a successful financial manager means always keeping myself abreast with the constant changes in the complicated local, national and global financial sector. Under your program, I would like to concentrate on the following specific areas of study—value assessment, analysis of financial reports, theories of financial market and investment management, theories of corporate management and internal control.

To learn new and flexible modes of thinking and to seek constructive answers to some intriguing questions will be another important objective of my pursing a British education. For instance, in studying corporate management theories, we have to decide whether the maximization of corporate value means the maximization of the value of the shareholders or that of the people with related interests. The question itself is necessarily open-ended, depending on different premises and different economic environments.  I am also interested in effecting some important transitions. For example, instead of learning how to calculate corporate value, I would like to probe in why corporate value is to be calculated the way it is. I believe that by helping me ponder on those issues, your program will teach me how to be more rational in my future decision-making processes.

It is true that UK’s Accounting and Financial Management is very advanced, far ahead of that in China. However, it should always be considered in particular historical, economic and political contexts. Any mechanic borrowing is bound to end up in failure. In my future career, I would creatively and constructively apply your knowledge and skills to the specific circumstances of China and I like to face the challenges that this will present.

In The Wealth of Nations, Adam Smith made the classic observation that individuals acting in their own self-interest can benefit society more than they expect to. I wish to become a well-trained financial manager, a profession that will bring me a strong sense of achievement. This is because, while enlarging the corporate value through my personal efforts as an individual, I will also achieve important self-actualization. This perfect fusion between corporate value and personal value is what your program will lead me to and is what your program is all about.

crossmoon

On May 30, 2004, an high-level forum in the field of Chinese humanities and social sciences was held at my alma mater—XX University of China. Entitled “China in the World Economy and Financial System: Challenges and Opportunities”, the forum attracted not only leading scholars and specialists of finance from China itself but also a number of leading theorists from American universities, distinguished professors and Nobel laureates of economics like XX and XX, the founder of the “Theory of Optimal Currency Zone.” With my outstanding academic performance at the School of Finance, I became a student representative, participating in the organization of the forum and having the privilege to listen to the enlightening lectures by the masters.

Employment, inflation and the sustainable development of economy, are they mutually repulsive or reciprocal? China’s position in the 21st –century world trade framework—how a win-win result can be created both for China and the world? The international money interest—Risks and Pathways—will China’s RMB become the world’s third most important currency? All those topics were subjected to the most fierce debate at the forum and I found myself irresistibly drawn to them and unconsciously contemplating on their possible answers.

Naturally, my efforts proved largely fruitless because such complicated issues have gone far beyond the existing knowledge taught in my textbooks. In terms of its breadth and depth, an undergraduate education is quite limited, hardly able to satisfy my yearning to probe truly deep into complicated issues. This has led me to the decision to seek a Master’s program in accounting and Finance (or in Law and Accounting) at XX of the UK, often regarded as the center of international finance. Through an in-depth study of western finance, accounting and law, I may become equipped with the knowledge to interpret the international and domestic financial markets, the legal issues involved in finance and accounting, and the decision-making processes on the macro level. This academic foundation may put me in a good position to work at either government agencies or private corporations across financial and legal fields.

For nearly four years, I have received systematic and rigorous academic training in finance at XX University of China, the country’s most prestigious university of humanities and social sciences. With a close correspondence between my university and XX, between my current program and my proposed program, I have strong qualifications for your highly respected program. My academic transcript indicates that I have excelled particularly in a number of foundational and specialized courses, including Western Economics, Linear Algebra, and Calculus, as well as Financial Management, Corporate Finance, and International Finance. My strong interest in finance, combined with my effective study methods, has enabled me to achieve a 86/100 GPA in this highly competitive specialty.

One thing special about my undergraduate program is that most specialized courses have been taught by our university’s senior visiting scholars to the UK and American universities, or by those who completed Ph.D. programs there. From the very outset, I have been exposed to western input. The openness of our program is incorporated not only in the advanced financial knowledge that our teachers brought from the west but also in the textbooks. We have been using many classical textbooks in unabridged English version by western authors. For example, Corporate Finance (6th Edition, by S. A. Ross, R. W. Westerfield, and J. F. Jaffe) differed considerably from China’s conventional textbooks on corporate financial management. It focuses on Capital Budgeting, Long-Term Financing, Capital Structure and Dividend Policy and, by means of a large number of case studies, diagrams, explanations, allowed me to gain insightful knowledge into financial theories and the practical application of decision-making approaches. I also became exposed to a variety of concepts prevalent in modern corporate finance and capital market operations, like Mergers and Acquisitions, Financial Distress, and International Corporate Finance.

I have also endeavored to develop case analysis skills , especially in those subjects related to accounting. In a research reported I completed for Management Accounting, I did a case study concerning the feasibility and profitability of launching a café bar by the Caribbean Coast.  In preparing the report, I applied my knowledge in management accounting, statistics, financial management and even principles of political economics. In addition, I have achieved the score “Excellent” for the two term papers I submitted for the second and third academic years—Perspectives on China’s Life Insurance Market, and Multiple Factors Governing the Adjustment in China’s Interest Rate.

As I set to write my Bachelor’s thesis XX, I will further enhance my research ability. I have collected all the relevant data and consulted a large amount of bibliography. In the wake of China’s WTO accession and with the dramatic economic growth, to allow interest rate to be determined by market forces has been has become an important priority on the government’s agenda. However, in initiating this marketization process, there are a number of factors to be considered—the commercialization of the bank, the reform of China’s state-owned enterprises, the construction of social credit system, the development of the spreading & value maintenance market. I will carry out detailed analysis over those issues in my thesis.

My extracurricular practices have all been related to my specialty. In the summer of 2003, I interned at the Credit Card Department of XX Bank and succeeded in promoting 3,000 credit cards. In the process, I gained important understanding concerning the criteria of card issuing, the prevention of the moral risks of the card bearers, and the growth of credit card business in China. In this summer, I interned at the Department of Claim Settlement of XX Corporation where I applied my knowledge of international finance and settlement when dealing with international claims and recoveries and the use of credit letters. All those practical experiences have added importantly to my overall knowledge of finance.

My undergraduate education is important in having given me general knowledge of accounting and finance. Only a program at graduate level can help me become the kind of specialist I wish to be. I am interested in studying the hypothesis of Efficient Capital Markets and Capital-Asset Pricing Model (CAPM). As classical topics in finance over the past decade, they aim at unveiling the mechanism of the capital market operation. Recent scholarship has produced some interesting research results, although some people tend to deny the existence of efficient capital market. I am also interested in studying law and accounting as courses like Fundamentals of Law, Economic Law and Taxation Law have been part of my curriculum. During my internship at XX, I learned about international law in international trade and insurance. With this necessary foundation in law, I believe I will acquit myself equally satisfactorily the Law and Accounting program.

If admitted by your esteemed university, I can contribute to your student community. As vice director of our school’s Cultural Development Center, I have been responsible for launching a number of large-scale dancing and singing contests. I was the hostess of two evening art performances. In charge of the class’s publicity, I have been editing a publication circulating class-wide, which has won a gold medal in the school’s competition. Those experiences will make me an activist on your campus too.

XX fascinates me with its strong faculty, rationalized curriculum, comprehensive but pioneering research. At such a university, it would be absolutely wonderful to learn the subjects I am interested in. It is even more exciting to envision how important my prospective education at XX will mean to my future career development.

pipiyatou

excellent ps

christinaliu

谢谢