Strategies for Change in Accounting Education: The U.S. Experiment

Abstract

This chapter discusses the U.S. experiment on strategies for change in accounting education. A number of research studies have shown that one of the greatest influences on students deciding whether or not to major in accounting is the first course in accounting. In the United States, this course, usually covering an academic year, is taken by all business students. It typically includes introductory financial and managerial accounting, sometimes called principles of accounting. Recognizing the importance of the first course in accounting in curriculum development, the Commission issued Position Statement No. 2 that follows up on the first statement on Objectives of Education for Accountants. The statement points out the importance of the first course to both potential accounting majors, and nonmajors. The statement notes that the first course shapes students perceptions of the accounting profession, aptitudes, and skills needed for successful careers in accounting, and career opportunities. The Commission recognizes there are several infrastructure issues that affect the ability to change accounting curricula.