How to start innovation of textbooks for students at financial & accounting colleges

       After democratic revolution many changes appeared in the field of education throughout. Unfortunately   changes for the better in higher education are proceeding slowly. Adopted & carried out in practice new regulation of entrance examinations for leavers. Number of state owned & private colleges & universities decreased up to 100. Enact many projects, programs & forecasting plans. But innovations on textbooks for students at financial & accounting colleges haven’t seen still instead of translated several titles of foreign fundamental textbooks. I’m as independent researcher, reviewed majority of authors approach to internet information sources, or apply to references in English edition. Indeed I haven’t seen national textbooks for financial management, accounting, analyzing covered new ideas & modern methods associated with applied mathematics, statistical mathematics & theory probability. Many nongovernment & government institutions established & take activities with state & foreign financial support & assistance. But some of them mainly take account to earn financial revenue. Ministry accountable for high education didn’t finance publication of textbooks for economics colleges. Also all universities & colleges exempted from income & value added taxes. By the way textbook authors ought to pay individual income tax at 10%, in addition to that should pay selling commission from 24% to 31% in order to sell textbooks via bookshop network in capital city.  Sometimes use opportunities to sell textbooks countryside through national post network, but it needs in extra transportation payment.  In present tutors of financial & accounting colleges mainly use many titles of textbooks & handbooks in Russian or English edition, which had been published 20-40 years ago, sometimes textbooks translated or copied from internet, which had been published 20-40 years ago. Initiators of Mongolian association of chartered financial analysts worked hardly & are fighting to change above mentioned troubles on the forward looking way to get real changes in an innovation of textbooks for students at financial & accounting colleges. Many subjects & topics on finance, accounting, management & marketing teach in parallel without any concrete differences continuously during several semesters. But avoiding of putting modern subjects into curriculum & education planning at colleges mainly depends on desire for economy lecture’s wage & on account of shortage relative textbooks. As poor supply of best textbooks also no discovered criteria & gaps between bachelor & master training at accredited education organizations. Financial effective measurements & large–scale projects which finance international banking & financial, also humanitarian organization distribute already before their public announcement. We created & developed new direction in financial analyzing, especially in cost & managerial accounting which based on applied mathematics & science papers of national independent researchers & some of them already acquainted to readers via famous information network system Google .com under title”… T.Yondon’s science papers”, “ Mongolian association of chartered financial accountants”, “ Application of linear algebra & differential calculus in cost & managerial accounting” etc.   Recently has issued order of priority book in line of planned activities of association for 2011-2012, entitled “Financial statement analysis in mining industry“ which written by authors, Prof. T. Yondon & Gombo Dariimaa. The contents of book covered traditional ration analysis, correlation methods in financial analysis, ABC (Activity based cost) analysis approach, application of differential calculus & stepwise elimination of variables suggested by co-authors, modern innovated methods in allocation of manufacturing & operation expenses between service departments etc. Our personal point view is writing & publication textbooks which really correspond to specific situation of high education nationwide, national tradition, social-economics development level,  geographic location, climatic condition, foreign investment in mining industry & as well as authors  should write modern, scientifically, so practical textbooks basing on their themselves researching works.