Recent Developments in Private Sector Accounting Education in Russia

26 Pages Posted: 4 May 2004

See all articles by Galina Preobragenskaya

Galina Preobragenskaya

Abu Dhabi University - Department of Accounting

Robert W. McGee

Fayetteville State University - Department of Accounting

Abstract

Accounting education in Russia has undergone rapid changes since Russia started its transition from central planning to a market economy. Russian accountants have had to learn new terms and concepts such as transparency and full disclosure. Accountants at the large Russian enterprises and the independent auditors who audit them have had to become familiar with International Accounting Standards (IAS), since financial statements prepared using Russian Accounting Standards (RAS) are not credible to foreign investors. Efforts at learning have been hampered by the lack of good training materials and good instruction. The universities are upgrading their accounting curricula as resources permit, but such upgrades are of no help to practicing accountants who have already graduated from the university. The private sector has made attempts to fill this unmet need, with some degree of success. The present study, based on a series of interviews conducted in Russia during the summer of 2003, is the first to look at how the private sector provides accounting education in Russia. It summarizes the problems the Russian accounting profession faces and the solutions that are being found in the private sector.

Keywords: accounting education, Russia, accounting reform, transition economy

JEL Classification: A20, J44, M40, P20

Suggested Citation

Preobragenskaya, Galina G. and McGee, Robert W., Recent Developments in Private Sector Accounting Education in Russia. Available at SSRN: https://ssrn.com/abstract=538642 or http://dx.doi.org/10.2139/ssrn.538642

Galina G. Preobragenskaya

Abu Dhabi University - Department of Accounting ( email )

PO Box 59911
Abu Dhab
United Arab Emirates

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

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