International Journal of Information Technology and Business Management THE CONVERGENCY OF IFRS IN INDONESIA ACCOUNTING STANDARD: DO VOCATIONAL SCHOOLS NEED TO CHANGE THEIR CURRICULUM?

Abstract: Convergence of International Financial Reporting Standards (IFRS) to local Financial Accounting Standards is the headlines for each accounting. Vocational School (SMK) has a curriculum based on the Basic Competence that has been set by the Directorate of Vocational High School. However, the Competency Standards drawn protests from teachers through various statements because it has not been updated with current needs. The purpose of this study was to evaluate the needs of accounting curriculum changes in response to IFRS Convergence. The method being used in this research is descriptive qualitative. We conclude that the current accounting curriculum and books used in vocational schools is still not aligned with the changing on financial standards in Indonesia which is now mainly based on IFRS and SAK ETAP. Knowledge of vocational accounting teachers of the new standards is still not sufficient. Hence, training and tectbook improvementare necessaryfor teachers. We recommend providing training and socialization of new standard for teachers, especially accounting teachers in vocational schools