Accounting Research and Audit Practices | Journals

The IUP Journal of Accounting Research and Audit Practices:

Students' Perception on Accounting Programs Under India's New Education Policy

Article Details

Pub. Date	: July, 2023
Product Name	: The IUP Journal of Accounting Research and Audit Practices
Product Type	: Article
Product Code	: IJARAP060723
Author Name	: Mohd Irfan Rais
Availability	: YES
Subject/Domain	: Finance
Download Format	: PDF Format
No. of Pages	: 10

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Abstract

Accounting education today not only requires upgradation of curriculum but also trained and qualified teachers, proper facilities to nurture the growth of the students and development of relevant skills. Therefore, gaps in four aspects, namely, the faculty and teaching methods, curriculum, facilities provided in the institutions and skills imparted in the institutions, have been identified exclusively from the students' point of view. Chi-square anaysis is used to test the association between the type of institution and the perceptions regarding various aspects of accounting education. The paper highlights the highest gap that exists between the perceptions and expectations of students and the skills imparted in institutions. Further, it is found that there is no association between the type of institutions and the gaps in skills. All types of institutions are found to be lacking in providing training or imparting skills.

Description

Following economic liberalization, India has exposed industry and business to several challenges like the adoption of emerging technologies, fierce competition from MNCs, quality and cost issues, etc. These challenges require manpower equipped with sophisticated skills and the ability to perform as expected. The challenges faced by the industry make it imperative for the colleges and universities offering accounting programs to update their curriculum as per the needs of the industry.

The advent of Information Technology and free markets calls for urgent upgradation of accounting education. Realizing the importance of meeting the expectations of industry, several countries have brought changes in the curriculum of accounting education to cater to the changing global economic environment.