The Importance of Critical Thinking Skills in Accounting Education

3858 Words Jun 16th, 2012 16 Pages
AC550 - Critical Perspectives in Accounting
Individual Critical Research Paper

Lecturer: Mary Canning

2012 Gillian Bane 58043884
4/20/2012
AC550 - Critical Perspectives in Accounting
Individual Critical Research Paper

Lecturer: Mary Canning

2012 Gillian Bane 58043884
4/20/2012

Contents

Critical Research Paper……………………………………………………………………………2

- Chosen Topic……………………………….……………………………………………….2 - Introduction…………………………………………………………………………………3
- Critical Thinking- Definitions and Importance………………………………4
- Accounting Education- Its Current State and Criticisms……………….5 - Incorporating Critical Thinking Skills into Accounting Syllabi- Examples and Challenges………………………………………………….7
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(Kurfiss 1988 cited in Baril et al. 1998, p. 383)

However critical thinking has no one, universally accepted definition. This perhaps represents the first difficulty in incorporating such skills into accounting education; no one can agree on what precisely critical thinking skills encompass (Young and Warren 2011). Pascarella and Terezini (2005, p.155) summarise these skills to include:
The general intellectual outcomes of postsecondary education that permit individuals the process and utilize new information; communicate effectively; reason objectively and draw objective conclusions from various types of data; evaluate new ideas and techniques efficiently; become more objective about beliefs, attitudes, and values; evaluate arguments and claims critically; and make reasonable decisions in the face of imperfect information.

Education plays an imperative role in developing these skills. Young and Warren (2011), in their review of the education literature, stated that a number of cross-sectional research studies have shown that a student’s critical thinking ability can improve while at college. While Parcarella and Terenzini (2005) approximate that a student can improve their critical thinking skills by 63% by the end of their sophomore year. According to Hurt (2007) these skills must be developed consistently, purposefully and rationally over time to enable students to appropriately respond to the intricate issues that the working environment