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Suitability of accounting education to current market

Author

Listed:
  • R K Tailor

    (Associate Professor, Department of Business Administration, School of Business and Commerce, Faculty of Management and Commerce, Manipal University, Jaipur, India.)

  • Ashoka M L

    (Professor, DoS in Commerce, University of Mysore, Mysuru, India.)

  • Parameshwara

    (Assistant Professor, DoS in Commerce, Mangalore University, Mangalore, India.)

  • Abhishek N

    (UGC-Senior Research Fellow, DoS in Commerce, University of Mysore, Mysuru, India.)

Abstract

Purpose: This study evaluates the perception of academicians teaching accounting in the universities of Karnataka state, India in the context of the suitability of accounting education for current market demand. It also assesses the level of suitability of accounting education to the current market need prevailing in the universities of Karnataka state. Methodology: This empirical-conceptual study was conducted based on both primary and secondary data. To analyse the data, accounting education quality index was developed. One-sample t-statistics was used for statistical analysis. Findings: Our results showed that average suitability of accounting education prevailing in the universities of Karnataka state to current market need was 43 percent. Further universities and academicians are needed to upgrade the accounting education system so as to support the graduates to employable in the market. Implications:The outcome of the results of this research will become an input to universities to take necessary steps for inclusion of Artificial Intelligence applications, Extensible Business Reporting Language, and Global Reporting Initiatives aspects in their curriculum. Inclusion of these aspects in accounting curriculum helps the graduates employable in the field of accounting and auditing of business and financial information. Originality: This research will add the value to the existing literature in the field of accounting education. Meanwhile, it stresses the need for advancing accounting education in Indian context. JEL Code: M40, M41, M42, M48

Suggested Citation

  • R K Tailor & Ashoka M L & Parameshwara & Abhishek N, 2020. "Suitability of accounting education to current market," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 11(2), pages 14-23, May.
    • Handle: RePEc:aii:ijcmss:v:11:y:2020:i:2:p:14-23
    DOI: 10.18843/ijcms/v11i2/02
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    References listed on IDEAS

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    1. Satoshi Sugahara & Kim Watty, 2016. "Global convergence of accounting education," Asian Review of Accounting, Emerald Group Publishing Limited, vol. 24(3), pages 254-273, September.
    2. Bob Gammie & Elizabeth Gammie & Erica Cargill, 2002. "Personal skills development in the accounting curriculum," Accounting Education, Taylor & Francis Journals, vol. 11(1), pages 63-78.
    3. Priyanka Aggarwal, 2013. "Sustainability Reporting and its Impact on Corporate Financial Performance: A Literature Review," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 4(3), pages 51-59, September.
    4. Howieson, Bryan, 2003. "Accounting practice in the new millennium: is accounting education ready to meet the challenge?," The British Accounting Review, Elsevier, vol. 35(2), pages 69-103.
    5. Lee D. Parker, 2007. "Professionalisation and UK Accounting Education: Academic and Professional Complicity - A Commentary on 'Professionalizing Claims and the State of UK Professional Accounting Education: Some Evidence'," Accounting Education, Taylor & Francis Journals, vol. 16(1), pages 43-46.
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    Cited by:

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    3. Mammadova, Nigar & Aypay, Ahmet, 2023. "Syrian refugee students’ sense of school belonging and educational aspirations," International Journal of Educational Development, Elsevier, vol. 102(C).
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    More about this item

    Keywords

    Accounting education; quality of accounting education; trends in accounting environment.;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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