Implementation of International Financial Reporting Standards in the national accounting system entails the need for essential changes in the financial accounting as a discipline for training specialists in the economy. IFRS determined major changes of the national accounting system in accordance with international requirements. The account Plan will be required by law only in groups of accounts classification, which will not provide any accounting methodology for training the specialists in accounting. What about the quality of education without synthetic and analytical methodology of accounting. Among the issues highlighted in this article is the methodology explaining accounting formulas, the current accounting, and computerized accounting methodology. Another issue requiring further study presents the content of accounting policy, which generalizes the basic principles and conventions, rules, methods and procedures selected from standard accounting and other regulations. The accounting policy is not expressing anything but a well thought, creative accounting organization based on the provisions of International Accounting and Financial Reporting Standards that respect the economic, financial and legal interest of the business . Accounting function is not updated to accounting specialist, or chief accountant. IFRS contain no requirements for the quality and the level of knowledge of the accountant to ensure correct accounting and financial reporting information of economic entities.