Masters accounting curriculum for international college Research Paper

Masters accounting curriculum for international college - Research Paper Example Accountancy is a method or manner of communicating information to stakeholders such as the shareholders on how a business is performing financially by making use of financial statements. Accountancy is thus an important aspect of any business since it helps in summarizing as well as classifying data in a simplified way. Companies that conduct business internationally are faced by numerous challenges, which include cultural diversity, competition, as well as the challenge of having to do business in a multilingual setting. This requires persons aspiring to engage in multinational or global business to be equipped to deal with the above challenges. Additionally, multinational corporations have more complicated financial statements as compared to national one. Accountants are thus required to have adequate skill to enable them audit international financial statements and make appropriate decisions on behalf of their employees. However, most existing curricula fail to address how the new ly emerging challenges should be dealt with adequately. This results in most graduates lacking knowledge on the aspects characterizing global business. It thus becomes depressing when such graduates have to work with global companies. This research paper focuses on International College, which is considering offering a Masters in Accounting for international students. The paper will give recommendations on how the college should develop a curriculum that addresses the current needs of companies who do business around the globe. Procedure To establish the aspects to include or eliminate from the existing curricula, there is need to understand the conditions that characterize the global business.... It thus becomes depressing when such graduates have to work with global companies. This research paper focuses on International College, which is considering offering a Masters in Accounting for international students. The paper will give recommendations on how the college should develop a curriculum that addresses the current needs of companies who do business around the globe. Procedure To establish the aspects to include or eliminate from the existing curricula, there is need to understand the conditions that characterize the global business. International College should establish a panel to analyze the aspects that should be included in the curriculum to enable graduates deal with global business challenges. The steps that should be followed while establishing a curriculum on global business include identification of the problems facing the global business and establishment of solutions to the problems. To identify the problems facing the global business and are not being address ed by the current accounting program, a survey can be done on recently graduated accounting master’s student. Identifying the challenges that current accountants are facing will enable coming up with a curriculum that addresses these challenges (Lubin Web). Another step should be identification of possible consequences of applying the identified solutions in global business. It is important that the measures set to resolve these challenges be realistic and easy to implement. Another step should be coming up with ways to overcome the problems that may arise while applying new accounting strategies in global business. The last step should be coming up with a detailed design of how to implement the new