Encouraging change in accounting education

Article Abstract:

The Institute of Management Accountants (IMA) are implementing measures aimed at reforming accounting curricula in colleges and universities in a manner that is responsive to the needs of corporate customers. Its strategy is to shift the focus of accounting education from financial accounting to management accounting to help equip entry-level professionals with the necessary skills to survive in corporate America. The action plan of IMA for 1994-1995 consists of an academic communication program, corporate communication program and an IMA-sponsored consortium for accounting education improvement. These activities are intended to foster exchange of ideas between and among executives and educators, create lasting relationships between the corporate and academic worlds, establish the structural foundation for change, and offer designers of curriculum with the necessary information.

Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Social policy, Institute of Management Accountants

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The practice analysis of management accounting

Article Abstract:

Results of the Practice Analysis of Management Accounting sponsored by the Institute of Management Accountants (IMA) indicate that management accountants have been transformed from numbers crunchers to decision-support specialists. Freed from the mechanical aspects of their jobs, management accountants focus on analyzing and interpreting financial information, and explaining its business consequences to managers. Moreover, they are more involved in financial planning, financial modeling and management decision making than they were in the past. Management accountants expect to continue doing this line of work and even broaden their role to strategic partners of management. These findings of this Practice Analysis have implications for accounting educators, human resource professionals, corporate training directors and CPE providers.

Research, Managerial accounting

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From statement preparer to decision-support specialist: the coming changes in management accounting education

Article Abstract:

Accounting education in the US is changing in response to the demands of the business community. Due to the emergence of electronic spreadsheets, faster computers and smarter software, today's workplace no longer has any use for the traditional orientation of accounting education offered by most colleges and universities. Accountants in corporations are no longer confined to their old roles as historical reporters, custodians of financial data and guardians of assets. Instead, they are increasingly required to participate in analysis and decision making, and asked to interpret financial information and to explain its impact on the company's alternative plans. A recent survey of 556 educators reveals the extent of the changes occurring in accounting education in the country.

Business and Secretarial Schools, Business & Secretarial Schools, Curricula, Business schools

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