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2015 Abstracts

Bridging the GAAP between Accounting Education and Practice

Brock Griffith and David Lewis, Dixie State University

Business

In the past, some accounting researchers have criticized university accounting education programs. In their view, there is a gap between accounting education and practice. According to Sunder (2007), “The accounting curriculums of most business schools are full of theories that have less practical relevance.” The aim of this research is to identify the knowledge of subjects and skills needed for a relevant university accounting program. The views of over 200 professional accountants were sought and data collected using a questionnaire. In addition, several follow-up interviews and discussions were conducted with participants of the study. The findings suggest that the traditional accounting subjects are very important for a relevant accounting education. However, many professionals believe that certain aspects of accounting education are needed but currently the accounting education is not adequately meeting those needs.This paper helps to bridge the gap between academic study in accounting and a career in the professional practices. The results of the research will assist accounting educators in delivering work-ready graduates who will assist in meeting the needs of employers in the accounting profession.