Accounting Education in Australia: 1982-83

Article Abstract:

Three surveys are reviewed that were distributed and compiled by the Australian Society of Accountants to determine the state of accounting education in light of the rapid expansion of university degree programs in business and accounting in the 1970s and 1980s. One survey was distributed to the Society's academic members - those who hold full-time academic positions. The purpose was to determine their background as well as their level of continuing education through leaves and research. The number of hours in specified course topics was also questioned. The accounting programs had an average of only fourteen per cent of total class hours devoted to managerial decision making. A very small percentage (less than two per cent) of teaching time is spent on government accounting when a large number of graduates will be employed in the public sector. The second survey was distributed to heads of academic units responsible for teaching approved accounting courses to determine expenditure and funding levels. The overall results show that accounting is relatively poor in all areas - equipment, faculty, support personnel, and research finding. The third survey, distributed to heads of university departments, was to determine the number of higher degree and honors enrollments in accounting. The output is low and concentrated in a very few universities. Policies are suggested to cope with the data shown by these surveys. Twenty-three tables outline data.

Surveys

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The Core of the Curriculum for Accounting Undergraduates - An Australian Study

Article Abstract:

A survey, distributed by the Institute of Chartered Accountants in Australia and the Accounting Association of Australia and New Zealand, based on a questionnaire from a United States study, was completed by practitioners and educators in accounting in June 1980. Its purpose was to identify a core curriculum as a basis for accounting undergraduate degrees. Respondents were categorized into the four groups around which topics on the questionnaire were categorized: 1) financial accounting, 2) managerial accounting, 3) auditing and 4) taxation. Financial and managerial accounting were determined to be more important than the taxation and audit areas. The experts seemed to indicate that students needed to specialize in an area before entering it. The third section of the questionnaire dealt with changes believed necessary to the curriculum. No change in emphasis was evident, but a stronger emphasis on accounting in the overall program was suggested. A four-year program received a small amount of support over the the present three-year program.

Education

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Accounting for seigniorage

Article Abstract:

This paper examines anomalies in the accounting procedures for the treatment of seigniorage on the Australian note and coin issue. It explains how the substitution of coins for notes leads to the unexpected result of reducing the budget deficit. (Reprinted by permission of the publisher.)

Accounting, auditing, & bookkeeping, Finance, Money, Dollar (Australia), Budget deficits, Coins, Mints (Finance), Mints (Factories)

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