Information Technology in the Accounting Curriculum
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Information Technology in the Accounting Curriculum
UWCISA SymposiumOctober 13, 2007
Tim Forristal, CAVice President, Education CICA
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Scope of Paper
• To consider the state of the accounting curricula in Canada
• To make recommendations as to its content
• Includes some analysis of the pros and cons of the CICA Competency Map
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My Remarks•Is the profession “in a state of disarray”?
•Clarification of today’s accounting curricula
•Recommendations as to content
•How best to deliver IT education
•Some concluding thoughts
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• “The profession finds itself in disarray...”
• ”Not yet clearly positioned as mastering information technology competencies”
• “CAs do not demonstrate an adequate level of understanding of IT”
IT in the CA Profession
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IT in the CA Profession• Post-qualification is when competence becomes second
nature
• Pre-qualification whatever its’ content, is only the foundation
• CA profession IT post-qualification professional development:
• CAIT• CACISA
• CACIA
• CAAudit(?)
• Need for additional competency requirements and additional (mandatory) post-graduate education
• IEPS 2 IT for Professional Accountants soon to be released by IFAC’s IAESB
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Pre-Qualification
“Curriculum does not support the development of the competencies” as stated in the Competency Map
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How best to deliver•Two broad approaches – the integrative
approach and the discrete subject approach
•Combined?
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CA Professional Education Program•“Provincial” comments
•National CA program
•CA Competency Map – developed by the CA profession including practitioners
•National Board of Evaluators
•Accreditation of delivery systems
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Current Requirements
•A single introductory course?
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CA Ontario CMA
Management Accounting 6 9
Finance 3(Additional course recommended)
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Financial Accounting 15 9
Information Technology 3 6
Internal Control 0 3
Auditing 9 0
Taxation 6 3
Strategy Management Not mentioned 3
Economics 3 3
Law 3 3
Statistics Recommended 3
Operations Management Recommended 3
International Business 3
Human Resources Recommended 3
Marketing Recommended 3
Subtotal 51 60
General Education 69 60
Total 120 120
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Development
Learning
Education(i.e., systematic learning)
Training
On the job Off the job
Subsets of the development processInternational Education Standards Framework, IFAC
Academic Study and Professional Competency Development ?
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CA Professional Education Accreditation
•Specifics looked at include:
•Professor/instructor/facilitator profile
•Program design – structure and content
•Teaching and learning methodologies
•Evaluation methodologies
•Employer involvement
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Is it enough?
•Its understated but its happening
•Its cumulative (academic study, professional education, practical experience and examination)
•Demonstration of IT competence on the UFE has been increasing over the past four years
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Recommendations re: content•Business strategy and
policy
•General MIS course
•AIS course or IT Controls
•Business process change
•The use of personal productivity software
•The use of accounting software
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•In pre-qualification in IT as well as other subject areas, we need to build in:
•Basic knowledge and framework for thinking about IT issues and concepts
•Research skills
•The future
•Lifelong learning
Concluding thoughts
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Concluding thoughts•Pre-qualification is a foundation
•IT in accounting curricula would be advanced with further research:
•Role of professional accountants in IT / competency requirements
•Delivery of prequalification education
•Competency development and measurement