• Register
Return to: Home > News > 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

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    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.