Is Reform in Accounting Education Needed in China and Russia: A Literature Review

• Published in: Australasian accounting, business & finance journal Vol. 9; no. 3; pp. 72 - 83
• Main Author: Chen, Theodore T. Y.
• Format: Journal Article
• Language: English
• Published: Wollongong University of Wollongong 01.01.2015
• Subjects: Accountants; Accounting; Accounting Education; Accounting systems; Certification; China; Communication; Critical thinking; Curricula; Developing countries; Education reform; Ethics; Financial reporting; Globalization; LDCs; Literature review; Literature reviews; Organizational change; Reform; Russia; Studies; China; Russia
• ISSN: 1834-2000; 1834-2019
• DOI: 10.14453/aabfj.v9i3.6

The purpose of this study is to examine, through literature review, whether China and Russia are in need of accounting education reforms when they are not English-speaking, do not have developed accounting systems as major English-speaking countries do, have a different political orientation from the selected English-speaking countries and are at a transition stage from a state-planned economy to a market-driven economy. The paper is based entirely on literature review of global forces at play on accounting education reform, accounting education change in selected English-speaking countries and developments in accounting education in Russia and China. The review indicates that the two countries have a desperate need for accounting education change and that gradual changes are taking place in both countries, although China is at a more advanced stage of development because of its international trade. China is focusing more on breadth of education than specialization and Russia is at a preliminary stage having to enhance its financial reporting system.