Applied research in accounting at the master's level worldwide and lessons for Vietnam

Abstract

Applied studies in accounting at the master's level worldwide and lessons for Vietnam. Scientific research is defined as a systematic and creative endeavor aimed at (1) contributing to the knowledge base, encompassing human, cultural, and social aspects, and (2) utilizing this knowledge to develop new applications (OECD, 2002, p.30). Applied research, specifically, focuses on the practical application of knowledge to address real-world issues within industrial, business, or societal environments. Its objective is to generate solutions, products, or services that can be implemented to enhance performance, improve the quality of life, or contribute to the development of a specific field. The Vietnamese government's decision "Approval of the National Education System Framework" (1981/QĐ-TTg, issued on 18/10/2016) outlined two directions for master's education: research and application, with doctoral education emphasizing research. Therefore, innovating scientific research activities for graduate students in two directions-academic research and applied research-is crucial in the current phase. The University of Economics Ho Chi Minh City is at the forefront of implementing applied master's programs, including the applied accounting master's program. This article focuses on presenting the applied research experience in accounting at the master's level in the United States, Europe, and Asia. It also discusses the effectiveness, challenges, and benefits of this applied research direction.