Preparing postgraduate accountants: today & tomorrow
Its great, passed more than 20 years when my country transferred from socialistic regime to open market economy, was started to apply International standard of financial statements, have renewed contents of financial & accounting subjects at economics colleges. Many state owned & private universities received license to conduct postgraduate training in the field of economics, finance, accounting, management & marketing as: conferring degree of Doctor, master, certified professional accountants, professional managerial accountants, underwriters, realtors, accredited tax inspectors & state inspectors etc. These institutions have preferred advantages to receive financial support from Human development fund, subsidies on variable expenses per learner, & to covering in scholarship projects. High education seems as most profitable business sector on account of that which exempts from both kind of taxes: income tax & value added tax. For years grow training payments for postgraduates in connection with that who earns steady monthly wage at business sector & according to continuously rising inflation rate. Meanwhile last period were established many post graduating Academy initiated by individuals, also nongovernment institutions, sponsored privately or jointly with foreign investment in order to raise their income via easiest way. It seems as favorable area of pumping out money for them from learners legally. Total population of country has amounted to 2,754,6 thousand as of November, 2010 which publically announced on June 10, 2011 according to results of census & herein 6,0 thousand non-governmental institutions counted under corporate census this year. Some postgraduates express dissatisfaction at post graduating quality, & who say nor differences between trainings of master & bachelor degrees, probably exist differences at getting only certificate which needed in showing on presentation to employers. Some institutions & universities implement joint program on Masters of Business Administration with Asian overseas countries but however in which don’t see any know how & innovations in financial analyzing & accounting modeling etc. Maybe, there are available main differences & advantages in conducting some lectures in foreign languages & acquisition of diploma of overseas universities by holders of a master’s degree. Meets act in connection with acquisition of illegal diploma of academic degree or university degree in order to promote at desirable position in state owned organizations or participate on election campaign. It describes badly quality of rendering state services to citizen by staves without proper education. Survey shows that 70% of total postgraduates couldn’t find desirable for them working positions. In return it also expresses quality of post graduating education in parallel. Goes talking of that not difficulties on purchasing diploma of Ph Doctor at by US $5000-6000 abroad. Also often shows on TV broadcasting about purchasing drafts of graduating diploma work at around 50,000 MNT or US $35 on account of haven’t united controlling system in which over all high education institutions. Applications SPSS, E-views programming, mathematical approaches on cost & managerial accounting which gives by lecturing to students of bachelor degree again include to curriculum doctorate or master’s studying. Indeed haven’t showed paper & researching article, any element of innovations in the field of economics which could be included into contents of textbooks those shall publish in millennium issues over the world although incalculable persons were conferred & awarded degrees of academic, science doctor, professor, honored scientist, & holder of an order etc. They take part in tender which profitable for them, otherwise tender lists don’t cover writing textbooks. Stashers on special courses & masters say that should be separated masters training into preparing of researchers & to grant experiences in business administration. Passed more than 10 years, when some institutions were started activities in the line of certifying professional accountants, but however they couldn’t cope with creating & developing new ideas in any kind of accounting, probably they engage translation of foreign standards of accounting & lectures in English edition into Mongolian & conduct chargeable stepwise courses. Recently by chance saw test book of passing exams for certified accountants contents of which were crowded with copied figures, diagrams & translated test questions etc. Takes place of poor knowledge for certified accountants in possessing of financial analyzing methods, business statistics, elementary experiences on accounting modeling those directly depend on skills & experiences of tutors. We well know both fundamental textbooks as “Cost accounting” & “Intermediate accounting” which has been translated into Mongolian at financial sponsoring in line of Asian development bank. After that appeared some textbooks written by independent authors mainly with translation contents. Actually many unsolved problems exist in accounting practice & they expect proper decisions, namely issuing methodological materials respected to Mongolian specific conditions, forming legislation environment, supplying affordable modern textbooks & rendering professional assistance to address of clients. Should take into account that country has severe of the continental climate, richer with underground mineral resources, livestock & husbandry plays vital role in livelihood, half a total population lives in capital city also as of today, in Ulaanbaatar locate 88.1% of total legal entities, which registered to 66,5 thousand. Municipality of capital city couldn’t deal with winter’s air pollution so far because of that around its half households dwell in felt gers. Continuously last disputes of that how to calculate real cost per square meter of residential apartments as government has decided to construct residential buildings for 100,000 households. In addition to that arise disagreements between leaders of high educational institutions & steering board of students on scholarship every autumn. Practical staves require feasible methodology of cost processing in foreign invested mining enterprises, most effective methods of collecting taxes, including royalties, also optimal ways & means to compute caused damage on natural environments. In general both factors as positive & negative effect on high education, particularly couldn’t avoid traditional copying knowledge which has adopted from socialistic regime so far. Regardless of Mongolian law of Copyrights were placed many copying devices at universities & colleges in order to economize purchasing money of textbooks, which written by mainly at expenses of independent researchers & authors. In high & post graduating education dominate copying & translating ways & means as before in socialism, indeed authorities of all ranks don’t understand what is mean an innovations in finance, accounting & textbooks on economics etc. They have began talking of technical, chemistry, biological innovations, never about developing & creating of new ideas on finance & accounting. Indeed most tutors of economics universities & colleges couldn’t create new ideas on financial engineering, accounting mathematics, & can’t cope with elementary mathematical conversions in permanent teaching practice. Efficient support from side of high financial & accounting organs, which responsible for their methodological ruling according to Law of accounting for all legal entities is has missed so far. In return we personally consider financial & accounting innovation in their development, creaturing, exchange, distribution, & outsourcing neither in their translation from without & copying from internet etc. By the way we’ll see the accounting future in its integrations with applied mathematics, econometrics, financial engineering, mathematical statistics & economics modeling etc.
