What Should They Teach Professional Accountants?
Financial accounting 15
(introductory, intermediate and advanced)
Cost & management accounting 6
Advanced accounting elective 3
Business information systems 3
Finance/financial management 3
Total credit hours 51
What do you think? Is the above enough? What skills seem to be lacking in the young accountants work with?
Here's my wish list:
Communications - how to explain financial information to non financial people, how to present clearly, making a clear case for action, how to organize the lines on a financial statement, how to analyze data so that the analysis leads to a clear course of action.
Working With Data - how to select, filter, sort and present data. How to build a spreadsheet model. How to use a report generator.
Project Accounting - I don't know why we teach cost accounting but not project accounting. Most of my clients have had some form of project work.
Business Ethics - These days, I think that is self-explanatory. If you don't start when you are a student, when will you have time for this subject?
Additional Topics Statistics, Interest calculations (discounting, annuities, mortgages) and risk management (including insurance).
What would you add?