Strategic Partnership of Business and Education in Management Accounting: Global and Russian Trends

In this study, we examined the integration of applied management tools and educational standards in the training of management accountants in Russia and abroad. The paper presents the main approaches to management accounting and stresses the importance of professional communities in the strategic partnership of businesses and education. The global development of regulations in management accounting was mainly caused by commercial interest in its tools. This led to the creation of management accounting institutions (CIMA and IMA) and appropriate working standards. These institutions train management accountants according to the working standards. In this study, we analyzed the Russian job market and the skill requirements that the employers set in job listings for accountants. The analysis has shown that business and education still do not cooperate in Russia, even though companies continue to impose increasingly high requirements on accountants. We also examined Russian educational programs for accountants and concluded that they do not fully meet the market demands. This is caused by the lack of a professional standard for management accounting in Russia. This problem can be solved by introducing a national professional standard and creating professional communities that promote the integration of business and education while factoring in the relevant world practices. This will allow businesses and educational institutions to understand the development of interconnected complex socio-economic systems.