Defining critical thinking in financial accounting: Perceptions of students and lecturers

• Critical thinking in financial accounting involves evaluating large amounts of information. • Judgment in applying accounting standards is central to critical thinking. • Critical thinking required in questions on accounting treatment and error correction. • Integrated and discussion questions with multiple answers test critical thinking. Globally, professional accounting bodies emphasise higher-order skills, like critical thinking, as essential outcomes of higher education. To contribute towards teaching excellence in accounting education, lecturers must effectively integrate critical thinking development and assessment into their modules. This study aimed to explore how critical thinking skills, including…