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The competency-based approach in the accounting profession: Issues of application

Vol. 22, Iss. 7, JULY 2019

Received: 2 April 2019

Received in revised form: 17 May 2019

Accepted: 6 June 2019

Available online: 15 July 2019

Subject Heading: THEORY OF ACCOUNTING

JEL Classification: M41

Pages: 726–747

https://doi.org/10.24891/ia.22.7.726

Druzhilovskaya T.Yu. National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
tdruzhilovskaya@yandex.ru

https://orcid.org/0000-0003-1345-9841

Subject This article deals with the issues related to the application of a competency-based approach in accounting education.
Objectives The article aims to develop recommendations to address the challenges of applying a competency-based approach in accounting education.
Methods For the study, I used the methods of analysis, synthesis, comparison, observation, and analogy.
Results The article explores the regulations of the competency-based approach to the formation of the accountancy profession in the systems of Russian and international educational standards and compares their characteristics according to the Federal State Education Standards (FSES) of Higher Education for training programs 38.03.01 A Bachelor's Degree in Economics, 38.04.01 A Master's Degree in Economics, 38.06.01 A Postgraduate's Degree in Economics, and the International Professional Accounting Education Standards. The article describes the competences and employment functions of the professional standards Accountant and Auditor and provides recommendations to improve the competency-based approach to accounting education.
Conclusions and Relevance The competency-based approaches to accounting education in the International Professional Accounting Education Standards and the mentioned Russian Standards differ significantly. The Russian Standards do not fully reflect the accountant and auditor employment functions. There is a need to improve the competency-based approach to accounting education. The results of the study have both applied and theoretical ways of use in the field of accounting education.

Keywords: accounting education, competences, competency-based approach

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