ISO 9001:2015

AN ANALYSIS OF ROLE OF CURRENT ACCOUNTING CURRICULUM IN PROMOTING ACCOUNTING RESEARCH AND FUTURISTIC ACCOUNTING PRACTICE

Dr. Rupali Saini & Mahima Habil

Accounting is undeniably changing due to advancement in technology and market revolutions. According to the changing market and social needs various accounting concepts are emerging such as social accounting, e-accounting, AI based accounting, forensic accounting, carbon accounting etc. Therefore, it is required that the accountants must be familiar with the changes so that they can adapt and grow accordingly. This paper mainly focuses on two main aspects, first one is to find out whether current accounting curriculum is promoting futuristic accounting practices and the other one is to identify role of current accounting curriculum in promoting accounting research. In this study primary data was collected with the help of questionnaire, which was filled by 52 respondents. The respondents include post-graduate students, research scholars, teaching and accounting professionals. For the purpose of secondary data five prestigious universities were selected, so that their syllabus could be analyzed. It was found that their syllabus includes traditional concepts and futuristic accounting concepts were missing. From this study it can be concluded that there is a lack of promising initiative for accounting research at the academic level and students are only going through the traditional contents and are unaware of the modern accounting concepts. From the reviewed syllabuses it was also found that universities are not focusing much on introducing futuristic concepts in the curriculum and are not promoting accounting research enough. It can be said that it is the need of the hour that technical aspects of accounting must be taken into consideration in order to prepare accountants for the coming future.

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Keywords: Accounting Research, Accounting Curriculum, Futuristic Accounting.


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