The role of practical experience requirement in improving the accountant work performance in the business sector

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Abstract

University accounting education is a competitive market, and business schools face a great deal of financial pressure to employ huge numbers of students (Howcroft, 2017). So, practical experience, as one of the vital international accounting education standards, is considered highly important because it plays a vital role in improving and developing graduate competencies in the accounting profession within Jordanian business markets. Consequently, the paper aims to discuss the importance of the practical experience requirement and its role in improving the work performance of accountants in the labor market. A Statistical Package for the Social Sciences (SPSS) approach was used for the analysis of the study. The article had a randomly selected sample of professional accountants at the Amman Stock Exchange (ASE). According to the findings, the axis of practical experience related to technical competencies in the field of accounting, business, economics, and information technology has a significant and positive impact on improving professional accountants’ work performance in the labor sector so that they become qualified professionals in the financial markets. The current paper is one of the few studies that have been carried out in a developing country like Jordan; the study outcomes may help higher education institutions in other developing countries to evolve the concept of practical experience for accounting graduates.

Keywords: Practical Experience (IES5), Performance Improving, Professional Accountants, Technical Competencies

Authors’ individual contribution: Conceptualization — Y.S.A. and M.E.A.; Methodology — Y.S.A. and M.E.A.; Formal Analysis — Y.S.A.; Investigation — Y.S.A.; Resources — Y.S.A. and M.E.A.; Writing — Original Draft — Y.S.A. and M.E.A.; Writing — Revision & Editing —Y.S.A.; Visalization — Y.S.A. and M.E.A.; Supervision — Y.S.A.; Project Administration — Y.S.A.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: M40, M41, M42, M48

Received: 07.02.2021
Accepted: 05.04.2021
Published online: 07.04.2021

How to cite this paper: Al Frijat, Y. S., & Al-Hajaia, M. E. (2021). The role of practical experience requirement in improving the accountant work performance in the business sector. Journal of Governance & Regulation, 10(2), 63–73. https://doi.org/10.22495/jgrv10i2art6