"Charting a National Strategy for the Next Generation of Accountan" El futuro de la educación en contabilidad en 7 pasos.
- 1. ThePathwaysCommissionCharting a National Strategy for theNext Generation of AccountantsJuly 2012
2. The Pathways CommissionCharting a National Strategy for the Next Generation of Accountants 3. A thank you is just not sufcient reward for the effort the Pathways representatives have put forth on behalf of the future of highereducation and the next generation of accountants. But that is all we have to offer. Our appreciation for all the time and effort youhave put into this accounting education effort is beyond the words the Commissioners have to express it. We took on amonumental task, and with your thoughtful contributions and those of the multitude of people who provided comments andsuggestions, we have put together a strategy and structure for accounting education that will have long-term implications for thenext generations of accountants and the entire education process.When we started this process, we did not have a road map of how to do this, but with the efforts of the Pathways team, we puttogether a supply chain structure that included many stakeholders and a process to provide as much feedback and input as possibleinto our deliberations. Then, with your volunteer spirit, passion, and effort (and a few webinars and conference calls to help keep uson track), we reached our goal and put forth our vision for changing the future of accounting education. While it may takegenerations to fully implement some of our recommendations, we laid the solid groundwork and structure needed to tackle thetough issues to enhance the accounting education process and our profession. As the effort progressed, we became a family on ajourney to reach a common goal. We are condent we will all look back on the journey fondly, at the personal relationships wedeveloped and the solid recommendations we put forth.Finally, as we have structured our efforts to continue into the future, starting with implementation activities targeted at theserecommendations, it is our dream that we will be reading about the Pathways efforts 20 to 30 years from now.Thanks again for an amazing effort,The Pathways CommissionersSponsored by the American Accounting Association and the American Institute of CPAsCommissionersBruce K. Behn (Chair) William F. Ezzell Leslie A. MurphyErgen Professor and CBER Faculty Fellow Partner President & CEOThe University of Tennessee Deloitte LLPMurphy Consulting, Inc.Judy RayburnMelvin StithJerry R. StrawserChair, Department of Accounting Dean, Martin J. Whitman School of Dean, KPMG Chair of AccountingThe University of Minnesota ManagementTexas A&M UniversitySyracuse UniversityPathways Commission RepresentativesSupply Chain #1 Supply Chain #2 Supply Chain #3Susan Crosson (leader)Mark Higgins (leader) D. Scott Showalter (leader)Professor Dean, Alfred J. Verrecchia and Hasbro Inc.Professor of PracticeSanta Fe CollegeLeadership Chair in BusinessNorth Carolina State UniversityThe University of Rhode IslandKen BouyerDavid BurrittAmericas Director of InclusivenessErnest A. Almonte Board Member: Lockheed Martin,RecruitingChief Visionary Ofcer & CEOAperam, and Global Brass & CopperErnst & Young Almonte Group LLC Institute of Management AccountantsCindy CruzJeanette FranzelCarolyn M. CallahanInternal Audit ManagerUS Government Accountability OfceKPMG Distinguished Professor ofRooms To Go Furniture Association of Governmental AccountantsAccounting, Director of the School of AccountancyUniversity of Memphis 4. Dan Deines Manny Espinoza Martha S. DoranRalph Crouch, KPMG Professor ofCEOProfessor Emeritus, San Diego State AccountingAssociation of Latino Professionals in UniversityKansas State UniversityFinance and Accounting Federation of Schools of AccountancyDel DeVriesLarry EvansKate MooneyAssociate Professor of Accounting &PartnerChair, St. Cloud State UniversityInformation SystemsDixon Hughes Goodman PLLCMinnesota State Board of AccountancyBelmont University Gregory J. Johnson Holly PaulMadge GreggExecutive Director US Recruiting LeaderFinance Academy Director & AccountingNational Association of BlackPricewaterhouseCoopers LLPTeacherAccountants, Inc.Hoover High SchoolPaul J. Sobel Jack KrogstadVP & CAE, Georgia-Pacic, LLCMargarita M. LenkUnion Pacic Endowed Chair inThe Institute of Internal AuditorsKPMG Faculty Fellow, Associate Professor AccountancyColorado State UniversityCreighton University Melanie Thompson, CPAChair, Texas Lutheran UniversityMary E. Medley Harriet Maccracken National Association of State Boards ofPresident & CEOSenior Lecturer AccountancyColorado Society of CPAs Arizona State UniversityWilliam D. TravisTracie L. Nobles Bernard J. MilanoPresident, Idea Drilling LLCAssociate Professor, AccountingPresidentPast President of the AICPA FoundationAustin Community College KPMG FoundationJan R. WilliamsBeth Rolison Karen Pincus Dean, The University of Tennessee &Associate Dean, College of Business andDoyle Z. & Maynette Derr WilliamsAACSB International ChairManagement Professor of AccountingThe Association to Advance CollegiateDeVry University The University of Arkansas Schools of BusinessJack E. Wilkerson, Jr. Robert R. Walker Stephen J. YoungProfessor of Accountancy Former CFO of Agilent Technologies Managing DirectorWake Forest University Financial Executives International Citigroup Global Markets Sponsoring Organization RepresentativesGeorge W. Krull, Jr. Gary John PrevitsDennis R. ReigleGrant Thornton LLP (Retired) E. Mandell de Windt Professor, CaseSpecial Projects Business AdvisorAmerican Institute of CPAs Western Reserve University American Institute of CPAs American Accounting AssociationTracey SutherlandExecutive DirectorAmerican Accounting AssociationCover photo credits (left to right):This photo is istockphoto.com/jawphotos; www.jasonwoodcockphotography.com.This photo is by Wally Gobetz and is being used under the Creative Commons license. The photo is available at www.ickr.com/photos/wallyg/163388993.This photo is by Jason Rodman and is being used under the Creative Commons license. The photo is available atjasonrodmanphotography.com. 5. The Pathways Commission onHigher Education: Charting aNational Strategy for the NextGeneration of AccountantsReport Structure and ContentsThe Pathways Commission report has been designed so that readers can explore individualsections focused on specic topics. The contents of this report are summarized as follows: Executive Summary! ! ! !!!!page 9 Chapter 1: Introduction !! !!!!page 17 Chapter 2: Value Proposition for a Broadly Dened !Accounting Profession! !!! !page 21 Dening a value proposition for a broadly dened accounting profession and how this conceptual framework led the efforts and deliberations of the Commission Chapter 3: Recommendations!! ! ! !!page 27 Identication of detailed recommendations, the basis for the recommendations, actions to address each recommendation, and impediments to each Chapter 4: Detailed Action Items ! !!!!page 49 Specic narratives on how each recommendation might be achieved Chapter 5: Impediments and Potential Solutions ! !!page 105 An integrated overview of the impediments to accounting education change and potential solutions Chapter 6: Appendices!!! !!!!page 115 Additional supporting material for certain recommendations Chapter 7: Constructing a Foundational Body of Knowledge*!!page 131 Initial step: Assembling Accounting Competencies Chapter 8: Historical Context for Changes in Accounting Education*!page 135 Abstract of article, Historical Context for Changes in Accounting Education *The full text of Chapters 7 & 8 are available at www.pathwayscommission.org. 6. The Pathways Commission onAccounting Higher Education:Charting a National Strategy forthe Next Generation ofAccountantsQuick Guide to Objectives and Implementation ItemsObjective # DescriptionRecommendation Objectives& Detailed ImplementationItems1.1 Integrate professionally oriented faculty more fully Page 49into signicant aspects of accounting education,programs, and research1.2 Focus more academic research on relevant practicePage 51issues1.3 Enhance the value of practitioner-educator Page 55exchanges1.4 Integrate accounting research into accountingPage 57courses and programs2.1 Allow exible content and structure for doctoral Page 58programs2.2 Develop multiple pathways to terminal degrees in Page 60accounting3.1 Increase reward, recognition, and support for high-Page 63quality teaching3.2 Better connect faculty annual review, promotion, Page 65and tenure processes to the quality of teaching3.3 Improve how universities value the importance of Page 66teaching 7. Objective # Description Recommendation Objectives & Detailed Implementation Items4.1 Engage the accounting community to dene thePage 67body of knowledge that is the foundation foraccountings curricula of the future4.2 Implement curricular models for the futurePage 754.3 Develop guiding principles and support for a rangePage 78of faculty development opportunities throughvaried career paths and cycles5.1 Enhance perceptions of the study of accountingPage 81and career opportunities in accounting5.2 Transform the rst course in accounting Page 865.3 Increase student access to masters programsPage 885.4 Develop nancial aid literacy programsPage 895.5 Encourage a separate and more focused study ofPage 91the impediments to better diversify within theprofession6.1 Establish a national committee on information Page 91needs6.2 Project future supply, demand, and competencies Page 94for accounting graduates6.3 Project future supply and demand for all accounting Page 95faculty in higher education6.4 Enhance the benets of high school accounting Page 96education7.1 Initiate a process that can sustain future accounting Page 97educational change efforts 8. The Pathways Commission onAccounting Higher Education:Charting a National Strategy forthe Next Generation ofAccountantsExecutive SummaryIntroductionThe Pathways Commission on Accounti