Developing a Global Model of Accounting Education and Examining IES - PDF document

IAESB Meeting Agenda Item 11-5 Oct 24-26, 2012 - London, UK Developing a Global Model of Accounting Education and Examining IES Compliance in Australia, Japan and Sri Lanka Final Report October 23, 2012 Project Team Institution Professor Kim Watty, Lead Researcher Deakin University, Australia Professor Satoshi Sugahara, Associate Researcher Hiroshima Shudo University, Japan Dr Nadana Abayadeera, Consulting Researcher Deakin University, Australia Mr Luckmika Perera, Consulting Researcher Deakin University, Australia Dr Jade McKay, Project Manager Deakin University, Australia Our thanks to the ACCA and IAAER for funding for this project. 1

IAESB Meeting Agenda Item 11-5 Oct 24-26, 2012 - London, UK Table of Contents Page No. Executive Summary………………………………………………………………………………………….. 4 Overview of Study……………………………………………………………………………………………. 9 1.1 Introduction……………………………………………………………………………………………………… 9 1.2 Significance of Study…………………………………………………………………………………………… 9 1.3 Research Objectives………………………………………………………………………………………….. 11 1.4 Research Questions…………………………………………………………………………………………….. 12 1.5 Project Deliverables……………………………………………………………………………………………. 12 1.6 Research Group………………………………………………………………………………………………….. 12 Literature Review……………………………………………………………………………………………….. 13 2.1 Background………………………………………………………………………………………………………….. 13 2.2 Role of the International Accounting Education Standards Board (IAESB) ………….. …. 16 2.3 International Education Standards (IES)……………………………………………………………….…. 16 Research Methods…………………………………………………………………………………………….. 17 3.1 Design and Methodology……………………………………………………………………………………… 17 3.2 Data collection and analysis…………………………………………………………………………………. 18 3.2.1 Interviews…………………………………………………………………………………………………………….. 18 3.2.2 Questionnaire Surveys………………………………………………………………………………………….. 20 Accounting Education System Overviews…………………………………………………………… 20 4.1 Australia……………………………………………………………………………………………………………….. 20 4.2 Japan…………………………………………………………………………………………………………………….. 27 4.3 Sri Lanka………………………………………………………………………………………………………………… 36 A Global Model of Accounting Education…………………………………………………………… 42 5.1 The Model…………………………………………………………………………………………………………….. 43 5.2 Accompanying Questions………………………………………………………………………………………. 43 5.3 The e-Resource……………………………………………………………………………………………………… 44 Analysis and results…………………………………………………………………………………………… 46 6.1 The Interviews (Professional Bodies and Academics)…………………………………………..... 46 6.1.2 Australia………………………………………………………………………………………………………………… 46 6.1.3 Sri Lanka………………………………………………………………………………………………………………… 50 6.1.4 Japan…………………………………………………………………………………………………………………….. 52 6.2 The Questionnaire-Survey……………………………………………………………………………………… 55 Dissemination…………………………………………………………………………………………………… .. 63 Future areas for research…………………………………………………………………………………… 64 Conclusion and Recommendations……………………………………………………………………… 64 References………………………………………………………………………………………………………… 65 2

IAESB Meeting Agenda Item 11-5 Oct 24-26, 2012 - London, UK Appendices………………………………………………………………………………………………………… 69 Appendix 1: First version of the global model (June 2011) Appendix 2: Second version of the global model (November 2011) Appendix 3: Accompanying questions of the global model (Australia) Appendix 4: Accompanying questions of the global model (Sri Lanka) Appendix 5: Accompanying questions of the global model (Japan) Appendix 6: Recruitment email to participate in the IES Questionnaire Survey Appendix 7: The final Australian Questionnaire Survey Appendix 8: Interview Schedule – Professional Bodies Appendix 9: Interview Schedule – Academics Appendix 10: List of Australian institutions invited to participate in the survey Appendix 11: List of Sri Lankan institutions invited to participate in the survey Appendix 12: Data from the Sri Lanka Questionnaire survey 3