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UK accountancy profession leads the way on access

27 April 2016

The UK accountancy now stands out globally because of it’s open access, according to Stuart Pedley-Smith the co-author of the newly published ‘Global Trends in Professional Accountancy Education’.

Pedley-Smith, Kaplan’s head of learning, said that the rise of apprenticeships and drive by many companies (particularly the Big 4 firms) to improve their diversity has seen more and more PQs starting their accountancy journey at school leaver level. This is in stark contrast to what happens in the US, Canada, China, India and Australasia, where you generally need to have a degree to start studying accountancy.

The report also looks at the changing methods of assessment and how this is impacting on the way accountancy is taught. Pedley-Smith ventures that new flexibile on-demand OT assesement could also have a big impact on how quickly students get through the exams.

Having a choice can lead to procrastination, because students can keep delaying the exam until they are ready, and often they never feel ready.

The rise of the OT also means that every item has an equal chance of coming up so tutors have to teach more broadly. With a lack of real exam papers learning will move away from the exam-driven process. The key to success is mastering the learning outcomes.

His research found the number of papers sat by students varies widely. In India ICAI students have 19 papers to pass. ICAEW PQs have 15 exams, ACCA 14 and CIMA 12. Meanwhile, AICPA and CA Australia studiers have just four papers to pass.

You can read the full report at http://www.kaplan.co.uk/insights/global-accountancy-report

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