Abstract The article focuses on the relationship of accounting education and accountancy--that is, the relationship of teaching accounting and practicing accounting, whether practicing as a member of management, as an independent auditor, or as a member of a governmental agency. The author submits that the most important values, objectives, and concerns of those people involved in accountancy and those of us involved in accounting education are shared. Whatever differences exist among members of the two groups tend to be differences about implementation--that is, how those values can best be realized, how those objectives can best be achieved, and how those concerns can best be resolved--not disagreement about the values, objectives, and concerns themselves. The author has identified five areas of common concern to those teaching accounting and those practicing accounting at the present time. These include, the contribution to society of the field of accounting; educational foundation; CPA examination; accounting and auditing standards; and ethical conduct.
Robert T. Sprouse (Wed,) studied this question.