Accounting Education in the Republic of Iraq

Abstract

The presented study examines the current state and development of accounting education in the Republic of Iraq. Aim. The study structures the basic requirements of accounting education with allowancefor national institutional peculiarities and develops fundamental steps toward modernization of accounting education in the Republic of Iraq. Tasks. The authors determine the sequence of measures for the modernization of accounting education, examine the entirety of the applied tools, and specify the goals of Iraqi authorities regarding accounting education. Methods. This study uses general scientific methods of cognition to examine the national policy on accounting and accounting education and to identify the major trends and directions of its development. Results. Formation of accounting information should be reflected in the accounting methodology. However, it is also important to allow scientific development and social informatization. The current state of social informatization requires traditional and innovative methods for the assessment of educational outcomes and new methods for the assessment of subject matter competence. The content of accounting education should allow for correlation between the assessment of students’ competence and education. Accounting education should focus on providing students with knowledge of organizational accounting practices and practical skills of managing the accounting system. Conclusion. The Republic of Iraq needs new, contemporary teaching methods in the field of accounting instead of the obsolete educational system currently in place.