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Economics & Business Administration
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Economics and Management
Economics and Accounting
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Economics and Accounting

The Department of Economics and Accounting

Department Head: Dr. Liema Davidovich

This three year study program awards its graduates a B.A. in Economics and Accounting which is recognized by the Council for Higher education. The program also includes an additional fourth year, whose graduates enjoy maximal exemption from the Israeli Accountants Council examinations, as do university graduates.

The accounting realm acts as a "middle man" between the firm and the shareholders, tax authorities and other interested parties. The accountant audits, judges and offers his/her opinion regarding the propriety the firms' financial reporting (a critical role for the proper and systematic functioning of capital markets).
Accounting is the language of business. Financial reports are the means for relaying company information to investors and other interested parties. Administrative accounting reports provide company principals with tools for planning, decision making and performance evaluation. Internal auditing systems provide the means to optimally maintain and utilize property.  

Department Objectives
Studies in the Department of Economics and Accounting provide students with extensive knowledge, modes of thought and analytical tools in the fields of: accounting, auditing, taxes and economics, with emphasis on the customary rules of accounting in Israel and international accounting rules, Israeli taxation and Israel's economy. 
Students learn, among other things, account recording processes, how to handle complex accounting issues (such as unified reports, leasing and stock options), analyze financial reports, conduct audit programs and appraise companies and business projects. They become acquainted with various types of securities and the main financial tools utilized by the Israeli securities market and learn to analyze processes within that market.

Department Characteristics
The Ruppin Academic Center Department of Accounting is the only department operating within the framework of a funded college that enjoys university tuition rates
. Department graduates receive maximal exemption from the Israeli Accountants Council examinations, as do university graduates.
The Department of Economics and Accounting has a reputation for academic excellence, which manifests in the students' extensive and in-depth knowledge and high pass rates (among the highest in the country) on the Israel Accountants Council final examinations.

The Study Program
The study program in this track awards graduates an undergraduate degree in Economics and Accounting and exemptions from 13 of the 15 examinations required by the Israeli Accountants Council.
Additional year: in order to receive accounting accreditation students must complete an additional fourth year of study in preparation for the two final external examinations (auditing and finance). The study format in this additional year includes one full day of studies on Thursdays and morning classes on Fridays. Students may perform their accounting internship in conjunction with this additional year.

Among the Study Subjects
 Accounting studies provide extensive and in-depth knowledge in the fields of financial and management accounting as well as accounts auditing, exempts graduates from most of the Israeli Accountants Council examinations and prepares them for the two final exams.
 Economics and Financing studies provide students with economic analysis tools, an understanding of economic processes in Israel, analysis tools for the financial management of firms and knowledge of the Israeli securities market.
 Computer and Information Systems studies provide a command of computers, office and statistics programs, systems that support decision making, software and the internet.

Entering the Employment Market
The importance of accountancy and accounting has increased quickly in recent years. This continual increase is related to the development of national economies, including the Israeli economy, to the increased complexity of markets and financial tools and to widespread, increasingly stronger global economic activity.

Ruppin Academic Center maintains close ties with many accounting firms, including some of the largest in the country. The Center directs students to positions and internships within these firms and enables Department graduates to successfully become part of the best accounting firms in Israel.

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