Should we go the Kiwi way?

Article Abstract:

Accounting reforms were introduced in New Zealand as part of the government's efforts to improve public sector management. Central to the accounting reform is the shift to accrual accounting for better information on how public resources are managed. According to Finance Minister Ruth Richardson, this accounting method is more advantageous because it can differentiate between capital and current spending, as well as provide more information on the cost of present policies for future taxpayers. Financial statements in the country subscribe to GAAP and will have to comply with public sector reporting requirements that will be generated by Financial Reporting Framework proposals from the New Zealand Society of Accountants. The applicability of New Zealand's accrual accounting approach in the UK merits consideration.

Management, Evaluation, Accounting and auditing, Economic policy, Public finance, New Zealand, Financial statements, Government accounting, Accrual basis accounting

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Counting the cost of qualification

Article Abstract:

The recruiting and training of new accounting graduates costs 1,300 firms in Great Britain with training contracts 35 million pounds sterling annually, enough to run a 6,000-student university for one year. Current practices of accounting education and training are not worth the cost. An alternative method would be a four-year degree program, the last year of which would be totally dedicated to accounting. This could be followed by a year of practical training, and then a comprehensive exam.

Accounting, auditing, & bookkeeping, United Kingdom, Education, Education and state, Education policy, Training, Accounting firms, Accounting services

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King Kong needs a friendlier face

Article Abstract:

A declining student population at a time when recruitment demands are rising is creating a more competitive environment for enlisting entry-level accounting professionals. Salary level is only one of the major factors, the others include: improving accountants' professional image; raising the level of professional training; and encouraging the entry of women into the ranks of practitioners.

Employment, Women accountants

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