Source: Visit websiteExperts in accounting detail what elements of these changes impact corporate finance while sharing their thoughts on how to fix the accounting curriculum.
As states roll out their changes to CPA licensure requirements with the intention of adding alternative pathways to the 150-hour requirement, state society leaders, accounting professors and CPAs alike agree that finance leaders should be cognizant of these changes that are aimed to improve the shortage of financial talent.
While state society leaders have banded together to make sure their changes are uniform, the move comes at an interesting time. Some have raised questions as to the uniformity of these decisions, as well as their timing coinciding with the retirement of longtime AICPA president Barry Melancon, whose adamant opposition toward any changes to the 150-hour requirement was well publicized.
"The root of our problems in accounting is that the industry is heavily disconnected from the incoming generation," Naddy said. "It's funny, when you're on the inside, the industry looks at students and says, 'They just don't understand us.' But no, they don't need to understand us; we need to understand them."
Naddy said the communication processes that bring together mentors and mentees in accounting can be unproductive and corporatized. He argues many of these opportunities have lost their value in addressing the real challenges future accountants are facing.
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