and course review is a common activity in accounting departments. Faculty members are aware of the expansion of
knowledge, the rapid upgrading of technological capabilities, and the extension
of the range of understanding, students must have as they enter the
workforce. All these factors influence
the nature and extent of review of contemporary academic offerings. However,
there is another dimension to the learning, students should experience while in
Universities that is far too often given minimal, if any, attention. This dimension is the study of issues facing
and emerging in, the accounting profession.
those who choose to major in accounting, as University students enter the
workforce in a variety of positions, the mission of many University programs is
to prepare students for the accounting profession, which is not easily
identified with a particular position.
Instead, it is a composite, including public accounting, private
accounting, and internal auditing. Each
of these areas of specialization provides a certification program that
highlights the extent and nature of the professional knowledge and behavior
expected of practitioners.
the end of the lesson, students should be able to:
the use of the upcoming issues in accounting and to equip them with
knowledge and skills on how to handle them.
the reality of the changing nature of accounting
the theory and application of how
accounting technical literature is used by practitioners to find
acceptable solutions for current issues in accounting and to provide an
understanding of the most recent changes in accounting
evaluate and understand the importance of new management accounting
concepts and tools for decision making in business environments
the importance of accounting for achieving corporate strategy and raising
the management awareness of their social responsibilities
awareness of recent developments in the areas of management and financial