• Register
Return to: Home > News > Education > Accounting curriculum in crisis, IMA

Accounting curriculum in crisis, IMA

Universities' standard accounting curricula are not preparing students for long-term careers in accounting, the US Institute of Management Accountants (IMA) chief executive Jeff Thomson has warned.

At the launch of an initiative called Competency Crisis, which is aimed at addressing the so-called accounting talent gap, Thomson said this issue is particularly noticeable in the field of management accounting.

According to IMA, there is a wide discrepancy between what employers need from accounting and finance staff and what undergraduates students learn in school.

"Accounting education needs to focus on students' long-term career needs, and not just prepare students for their first job. The profession is changing and education should integrate the variety of competencies needed to add organisational value," said IMA vice-president of research Raef Lawson.

As part of the initiative IMA has developed a website to promote debate and find solutions to the accounting talent gap.

"We hope the Competency Crisis website will serve as a platform where employers, professionals, students and academics can learn more about the problem and discuss their experiences and ideas for the path forward," Thomson said.


Related link

The US Institute of Management Accountants: Competency Crisis

Top Content

    2018 Digital Accountancy forum and awards: Digital transformation

    The Accountant presents highlights from The Digital Accountancy Forum & Awards 2018 panel discussions

    read more

    2018 Digital Accountancy Forum and Awards: Tech deep dive

    The second panel session of the day saw experts discuss how new technologies should not just be seen as a threat, and could be used to improve accounting.

    read more

    Digital Accountancy Forum and Awards: The power of data

    The third panel discussion of the day saw panellists discuss some of the worries their clients have had, how to overcome them, and how data and technology are providing real business opportunities.

    read more

    Digital Accountancy Forum and Awards: The next generation

    With young people more mobile, and technology changing the industry rapidly, the final panel session of the Digital Accountancy Forum looked at how firms would need to adapt to the new reality

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.