State Board Report

November 2009

Accounting programs are already covering International Financial Reporting Standards, a three‐member panel of educators told NASBA’s Annual Meeting. Brigham Young University Professor Kevin D. Stocks said his school’s board of advisers has already made IFRS part of the curriculum, comparing them to US rules. CUNY Baruch College Dean John A. Elliott said the large accounting firms are putting out material in support of IFRs, but as no date certain has been established for US adoption of IFRS, textbook materials are being produced more slowly than he would like. Stanford University Professor Mary E. Barth, who was part of the IASB and stated she is committed to global conversion to international standards, said she supports teaching GAAP and IFRS as a coordinated whole.

Panel Moderators NASBA Vice Chair Billy M. Atkinson and University of Northern Colorado Assistant Professor Karen F. Turner also questioned the three educators about the 150‐hour requirement, on‐line learning, finding qualified faculty and related topics. An on–line introductory basic accounting course has been found to be extremely effective at BYU, but that format has not been elevated to other levels because of the lack of interaction, Dr. Stocks stated. At Stanford there are electronic pieces of learning, but the business school does not do distance learning per se, Dr. Barth said. The State University of New York offers a degree program via distance learning, Dean Elliott reported. At Baruch they have a hybrid course that uses some distance learning and some teamwork.

From the audience, University of Southern California Professor Ruben Davila asked how the schools are teaching ethics. Dr. Barth said Stanford is teaching different people’s theories of ethics and then integrating ethics into other courses. Dr. Elliott stated that ethics is a required component in Baruch’s courses. Dr. Stocks reported BYU does have a separate ethics course.

All the panelists noted there is a problem in finding enough accounting Ph.D.s to teach. The AACSB limits the number of professionally qualified faculty (not holding Ph.D.s) at member schools, Dean Elliott noted. Baruch has learned that teachers need to do more than share their experiences with students, he said, and has successfully partnered professionally qualified staff with Ph.D.s.

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