Skip to main content
  • 794 Accesses

Abstract

Russia is in the process of converting its accounting system from the old Soviet model to one that resembles the systems found in developed market economies. The country is adopting international financial reporting standards but with a Russian flavor. To make the transition successful it is necessary to transform accounting education. Present practitioners must be educated in the new system and a new generation of accountants must learn the new system. This paper reviews the relevant accounting education literature and summarizes the results of interviews of accounting educators conducted in Russia during the summer of 2003.

An earlier version of this chapter was presented at the Academy of International Business — Southeast, Annual Conference, Clearwater, Florida, November 13–14, 2003.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Adams, Carol A. and Katarzyna M. McMillan, 1997. Internationalizing Financial Reporting in a Newly Emerging Market Economy: The Polish Example, Advances in International Accounting 10: 139–164.

    Google Scholar 

  • Anonymous, 2003. Teaching in Russia, #2 (February), www.ht/prof/rang/rang_prof.html.

    Google Scholar 

  • Anonymous, 2001. Accountants in Russia Gain International Skills, Financial Management (London) (April) 44.

    Google Scholar 

  • Anonymous, 1994. Tanya Bondarenko Seeks American Education, Baylor Business Review 12(1): 12–14.

    Google Scholar 

  • Borda, Maria and Stuart McLeay, 1996. Accounting and Economic Transformation in Hungary, in Neil Garrod and Stuart McLeay, editors, Accounting in Transition: The Implications of Political and Economic Reform in Central Europe, London and New York: Routledge 116–140.

    Google Scholar 

  • Boross, Z., A.H. Clarkson, M. Fraser and P. Weetman, 1995. Pressures and Conflicts in Moving towards Harmonization of Accounting Practice: the Hungarian Experience, The European Accounting Review 4(4): 713–737.

    Google Scholar 

  • Chan, M.W. Luke and Wendy Rotenberg, 1999. Accounting, Accounting Education, and Economic Reform in the People’s Republic of China, International Studies of Management & Organization 29(3): 37–53.

    Google Scholar 

  • Choi, Frederick D.S., Carol Ann Frost and Gary K. Meek, 2002. International Accounting, fourth edition, Upper Saddle River, NJ: Prentice Hall.

    Google Scholar 

  • Coyle, William H. and Vladimir V. Platonov, 1998. Insights Gained from International Exchange and Educational Initiatives between Universities: The Challenges of Analyzing Russian Financial Statements, Issues in Accounting Education (February) 13(1): 223–233.

    Google Scholar 

  • Crallan, Jocelyne, 1997. Accounting Reform in the CIS, Management Accounting (January) 34.

    Google Scholar 

  • Enthoven, Adolf J.H., 1999. Russia’s Accounting Moves West, Strategic Finance 81(1): 32–37.

    Google Scholar 

  • Enthoven, Adolf J.H., 1992. Accounting in Russia: From Perestroika to Profits, Management Accounting 74(4): 27–31.

    Google Scholar 

  • Enthoven, Adolf J.H., Yaroslav V. Sokolov, Svetlana M. Bychkova, Valery V. Kovalev and Maria V. Semenova, 1998. Accounting, Auditing and Taxation in the Russian Federation, Montvale, NJ and Richardson, TX: Institute of Management Accountants and The Center for International Accounting Development, University of Texas at Dallas.

    Google Scholar 

  • Garrod, Neil and Stuart McLeay, editors, 1996. Accounting in Transition: The Implications of Political and Economic Reform in Central Europe, London and New York: Routledge.

    Google Scholar 

  • International Center for Accounting Reform, 2000. Accounting Reform Recommendations, Moscow: International Center for Accounting Reform [www.icar.ru].

    Google Scholar 

  • International Federation of Accountants, 2001. Strategy for Implementation of IFAC International Education Guideline No. 9: “Prequalification Education, Tests of Professional Competence and Practical Experience of Professional Accountants:” A Task Force Report of The International Association for Accounting Education and Research (IAAER), (February), New York: International Federation of Accountants, available at www.ifac.org.

    Google Scholar 

  • International Federation of Accountants, 2000. Assistance Projects in Accountancy Education and Development, A Study Based on the Experience of IFAC Member Bodies, Study Paper (February), New York: International Federation of Accountants, available at www.ifac.org.

    Google Scholar 

  • Jermakowicz, Eva and Dolores F. Rinke, 1996. The New Accounting Standards in the Czech Republic, Hungary, and Poland vis-à-vis International Accounting Standards and European Union Directives, Journal of International Accounting Auditing & Taxation 5(1): 73–88.

    Article  Google Scholar 

  • Kemp, Peter and David Alexander, 1996. Accountancy and Financial Infrastructure in Central and Eastern European Countries, European Business Journal 8(4): 14–21.

    Google Scholar 

  • King, N., A. Beattie and A.-M. Cristescu, 2001. Developing Accounting and Audit in a Transition Economy: The Romanian Experience, The European Accounting Review 10(1): 149–171.

    Article  Google Scholar 

  • Kobrak, Fred, 1991. Is There an Accounting Textbook Market in the New Soviet Union? Publishers Weekly, (September 29) 43–44.

    Google Scholar 

  • Krzywda, Danuta, Derek Bailey and Marek Schroeder, 1996. The Impact of Accounting Regulation on Financial Reporting in Poland, in Neil Garrod and Stuart McLeay, editors, Accounting in Transition: The Implications of Political and Economic Reform in Central Europe, London and New York: Routledge 61–92.

    Google Scholar 

  • Krzywda, Danuta, Derek Bailey and Marek Schroeder, 1995. A Theory of European Accounting Development Applied to Accounting Change in Contemporary Poland, The European Accounting Review 4(4): 625–657.

    Google Scholar 

  • Kulikova, Lidia I. 1999. Financial Accounting, Kazan, Russia, second edition.

    Google Scholar 

  • Law on Education, 10 July 1992, #3266-1.

    Google Scholar 

  • Law on High and Post-university Education, 22 August 1996, #125 FZ.

    Google Scholar 

  • Lihachev, V.N. 1918. 30 Lessons in Double Entry Bookkeeping, Moscow: K.I. Tihimirov’s Trade House, fourth edition.

    Google Scholar 

  • Lin, Zhijun and Shengliang Deng, 1992. Educating Accountants in China: Current Experiences and Future Prospects, International Journal of Accounting 27(2): 164–77.

    Google Scholar 

  • Mackevicius, Jonas, Juozas Aliukonis and Derek Bailey, 1996. The Reconstruction of National Accounting Rules in Lithuania, in Neil Garrod and Stuart McLeay, editors, Accounting in Transition: The Implications of Political and Economic Reform in Central Europe, London and New York: Routledge 43–60.

    Google Scholar 

  • McGee, Robert W., 2003a. Reforming Accounting Education in a Transition Economy: A Case Study of Armenia, in Erdener Kaynak and Talha D. Harcar, editors, Succeeding in a Turbulent Global Marketplace: Changes, Developments, Challenges and Creating Distinct Competencies, Hummelstown, PA: International Management Development Association 139–146. Also available at WWW.SSRN.COM.

    Google Scholar 

  • McGee, Robert W. 2003b. Educating Professors in a Transition Economy: A Case Study of Bosnia and Herzegovina, in Erdener Kaynak and Talha D. Harcar, editors, Succeeding in a Turbulent Global Marketplace: Changes, Developments, Challenges and Creating Distinct Competencies, Hummelstown, PA: International Management Development Association 155–162. Also available at WWW.SSRN.COM.

    Google Scholar 

  • McGee, Robert W. 1999a. The Problem of Implementing International Accounting Standards: A Case Study of Armenia, Journal of Accounting, Ethics & Public Policy 2(1): 38–41. Also available at WWW.SSRN.COM.

    Google Scholar 

  • McGee, Robert W. 1999b. Certification of Accountants and Auditors in the CIS: A Case Study of Armenia, Journal of Accounting, Ethics & Public Policy 2(2): 338–353. Also available at WWW.SSRN.COM.

    Google Scholar 

  • McGee, Robert W., Galina G. Preobragenskaya and Michael Tyler. 2004a. International Accounting Certification in the Russian Language: A Case Study. Presented at the International Academy of Business and Public Administration Disciplines (IABPAD) Conference, Tunica, Mississippi, May 24–26. http://ssrn.com/abstract=538622.

    Google Scholar 

  • McGee, Robert W., Galina G. Preobragenskaya and Michael Tyler. 2004b. English Language International Accounting Certification in the CIS, Eastern and Central Europe. Presented at the International Academy of Business and Public Administration Disciplines (IABPAD) Conference, Tunica, Mississippi, May 24–26. http://ssrn.com/abstract=538602.

    Google Scholar 

  • Pankov, Dmitri, 1998. Accounting for Change in Belarus, Management Accounting (London) 76(10): 56–58.

    Google Scholar 

  • Preobragenskaya, Galina G. and Robert W. McGee, 2003. The Current State of Auditing in Russia, in Jerry Biberman and Abbass F. Alkhafaji, editors, Business Research Yearbook: Global Business Perspectives, Vol. X, Saline, MI: McNaughton & Gunn, Inc. 499–503. Also available at WWW.SSRN.COM.

    Google Scholar 

  • Preobragenskaya, Galina G. and Robert W. McGee. 2004a. Private Sector Accounting Education in Russia. Presented at the International Academy of Business and Public Administration Disciplines (IABPAD) Annual Conference, New Orleans, January 23–25. http://ssrn.com/abstract=480743

    Google Scholar 

  • Preobragenskaya, Galina G. and Robert W. McGee. 2004b. International Accounting and Finance Certification in the Russian Federation. Presented at the 16th Annual Conference of the International Academy of Business Disciplines, San Antonio, Texas, March 25–28. http://ssrn.com/abstract=538722.

    Google Scholar 

  • Preobragenskaya, Galina G. and Robert W. McGee. 2004c. Recent Developments in Private Sector Accounting Education in Russia. Presented at the 16th Annual Conference of the International Academy of Business Disciplines, San Antonio, Texas, March 25–28. http://ssrn.com/abstract=538642.

    Google Scholar 

  • Ramcharran, Harri, 2000. The Need for International Accounting Harmonization: An Examination and Comparison of the Practices of Russian Banks, American Business Review 18(1): 1–8.

    Google Scholar 

  • Richard, Jacques, 1998. Accounting in Eastern Europe: from communism to capitalism, in Peter Walton, Axel Haller and Bernard Raffournier, editors, International Accounting, London: International Thomson Business Press 295–323.

    Google Scholar 

  • Roberts, Alan, 2001. The Recent Romanian Accounting Reforms: Another Case of Cultural Intrusion? in Yelena Kalyuzhnova and Michael Taylor, editors, Transitional Economies: Banking, Finance, Institutions, Basingstoke, UK and New York: Palgrave 146–166.

    Google Scholar 

  • Rolfe, Robert J. and Timothy S. Doupnik, 1995. Accounting Revolution in East Central Europe, Advances in International Accounting 8: 223–246.

    Google Scholar 

  • Seal, Willie, Pat Sucher and Ivan Zelenka, 1995. The Changing Organization of Czech Accounting, The European Accounting Review4(4): 659–681.

    Google Scholar 

  • Shama, Avraham and Christopher G. McMahan, 1990. Perestroika and Soviet Accounting: From a Planned to a Market Economy, International Journal of Accounting 25: 155–169.

    Google Scholar 

  • Smirnova, Irina A., Jaroslav V. Sokolov and Clive R. Emmanuel, 1995. Accounting Education in Russia Today, The European Accounting Review 4(4): 833–846.

    Google Scholar 

  • Sucher, Pat and Peter Kemp, 1998. Accounting and Auditing Reform in Belarus, European Business Journal 10(3): 141–147.

    Google Scholar 

  • Turk, Ivan and Neil Garrod, 1996. The Adaptation of International Accounting Rules: Lessons from Slovenia, in Neil Garrod and Stuart McLeay, editors, Accounting in Transition: The Implications of Political and Economic Reform in Central Europe, London and New York: Routledge 141–162.

    Google Scholar 

  • Wallace, R.S. Olusegun. 1993. Development of Accounting Standards for Developing and Newly Industrialized Countries, Research in Third World Accounting 2: 121–165.

    Google Scholar 

  • Zelenka, Ivan, William Seal and Pat Sucher, 1996. The Emerging Institutional Framework of Accounting in the Czech and Slovak Republics, in Neil Garrod and Stuart McLeay, editors, Accounting in Transition: The Implications of Political and Economic Reform in Central Europe, London and New York: Routledge 93–115.

    Google Scholar 

Download references

Rights and permissions

Reprints and permissions

Copyright information

© 2005 Springer Science + Business Media, Inc.

About this chapter

Cite this chapter

(2005). Accounting Education in Russia. In: Accounting and Financial System Reform in a Transition Economy: A Case Study of Russia. Springer, Boston, MA. https://doi.org/10.1007/0-387-23887-5_7

Download citation

Publish with us

Policies and ethics