IFRS convergence is the initial stage in changing PSAK in Indonesia, which will have a significant impact on both students and accounting lecturers. This study aims to determine the impact of IFRS-based PSAK changes on the competence of accounting lecturers and the level of understanding of accounting students. The population in this study were students of the Muhammadiyah University of Sidoarjo accounting study program who are currently or have taken intermediate financial accounting courses. The research sample that can be obtained by researchers is 100 respondents. The research method used by researchers is data collected through a questionnaire which is analyzed by SmartPLS 3. As a result, the impact of changes in PSAK has a significant effect on the competence of accounting lecturers and the level of understanding of accounting students.