Training Accounting Specialists at Kaunas University of Technology Economics and Management Faculty: Past, Present and Perspectives

Accounting provides data on the company’s performance, finance flows, and this information is used to evaluate the company’s performance, to make management decisions and future plans; therefore, accounting can very well be called universal or international business language. The success of any major international company, individual trader, or public organization depends on the knowledge of accounting conceptions and practice. Sceptics can maintain that accounting is strongly regulated by the legal basis, business accounting standards, so, the competence of the accountants depends on their knowledge and practical skills. Accounting requires constant research, the results of which facilitate forming the legal basis of accounting and accounting policy not only at the level of the enterprise, but, also at the state level, correcting and developing accounting standards, forming accounting systems for companies’ management as well as study of their practical implementation. The problems of accounting lead to the necessity of research, and the latter requires practical results. All this helps to raise the qualitative level of accounting teaching and provide knowledge to future specialists. As economy is in the process of development and changes, modern knowledge society is formed, which changes the qualitative and quantitative requirements raised for specialists of accounting.