Speaking in advance of the launch of the paper The Virtual University: Impact on Australian Accounting and Business Education, Lee White chief executive officer of the Chartered Accountants Australia (ICAA), believes that, “online education is likely to take off when employers realise students educated this way can be as good or better than those whose path is more traditional.”
The paper published in conjunction with the University of South Australia’s Centre for Accounting, Governance and Sustainability includes 20 contributors from industry, professional bodies, practice and academia and aims to provide fresh insight into the evolution taking place at universities. The paper analyses the challenges, obstacles and opportunities in transforming higher education to meet the needs of the next generation of accountants and outlines a range of issues including: equity, access, pedagogy, quality, content, assessment and accreditation.
With over three million students globally already taking part in (MOOCs), Roger Burritt, Director of CAGS and Professor in Accounting at the University of SA has said that, “the growth has been unprecedented” and “the popularity of MOOCs can be attributed in part to the fact that they are more accessible and flexible than traditional university courses. The majority of them are also currently free, although content related charges are likely to become the norm. “If universities are going to remain competitive, they must adapt to the changing market and develop strategies to improve the learning experience for students.”