Business Education in Russia Needs Change

Abstract

The fast developing economy and the growing level of qualification requirements for professionals in accounting and finance, worked out by the Ministry of Finance of the Russian Federation and the Accountant Certifiication Institute, have led to rising demand for training programs in accounting, auditing and financial management. The Management and Financial Training Project under the National Training Foundation surveyed enterprises, financial and credit organisations and academic institutions to analyse their demand for training programmes as well as the supply of such programmes provided by the national business education system. A survey carried out by Deloitte Touche Tohmatsu International of major consumers of financial and business education shows that the popularity of distance learning courses and in-company training is constantly growing.