“Accounting Education In

Veer Narmad South Gujarat

University (VNSGU)”

Authors: Dr. Radha Vyas & Dr. Ashish

K. Desai

Presented by: Dr Radha Vyas

D. R. Patel & R. B. Patel Commerce College &

B. C. Patel BBA College,
Surat.
OUTLINE:
Introduction
Literature Review
Problem Statement
Objectives of the Study
Scope of the Study
Research Methodology
Evaluation of Relevant Accounting Education
Conclusion
Suggestions
INTRODUCTION:
in the light of globalisation and liberalisation the accounting
education needs to change to face the challenges of national
and international industry and business.
Due to introduction of computerised accounts and E-
Commerce, the role of commerce education has become
difficult and challenging.
The old accounting curriculum is now no longer in trend.
While the curricula takes care of the content that needs to be
imparted to the students, the way in which it is delivered
matters in increasing the employability of the students.
While the western universities focus on learning models
(student centric model) Indian system focuses on teaching
centric model.
In India and specifically in South Gujarat there is need to
change accounting curriculum and pedagogy.
 Author Journal Findings

Grover Indian Journal of Each and every educational

(1998) commerce institution has realized that there
is need to update the accounting
curriculum in order to meet the
advance requirement and
expectation of modern business
organization which fits perfectly in
today’s fast changing world.
Pattom and Issue in accounting education is becoming
Williams Accounting increasingly irrelevant if changes
(1990) Education are not made according to current
requirement of the business
organization and as a result
employer will be compelled to turn
graduates in some other
discipline.
 Author Journal Findings
Achalapathi, K. V. Indian Journal of accounting student must develop
and Janakiram, Accounting competencies in seven areas;
M. (2016) communication skill, information
development and distribution skill,
decision making skill, knowledge of
accounting, auditing, tax,
knowledge of business
environment, professionalism and
leadership development.

Gabbin (2002) Journal of Many accounting educators have

Accountancy failed to restructure accounting
curriculum to equip graduates with
the tools and expertise they need in
today's business world. As a result,
fewer and less-qualified students
choose accounting careers, and the
future of accounting schools as top-
tier providers of business graduates
is at risk.
PROBLEM STATEMENT:
 it is realised by commerce graduates and account educators
that the present accounting curriculum is not in tune with
actual need of the business and industry.
 Today, information technology is changing very fast and
hence accounting soft-wares must be included in
programme to prepare students to survive in very
competitive environment.
 It is really needed to throw some light on these issues which
are otherwise untouched.
 In South Gujarat, there is huge potential of business
development and thereby large demand for such graduates
who have practical accounting knowledge and training.
 Keeping this in view, this research has been conducted. This
study examines whether accounting curriculum fits the real
demand.
OBJECTIVES OF THE STUDY:
 To know the present position of accounting curriculum in Veer
Narmad South Gujarat University.
 To discuss the importance of policy implementations in accounting
education of Veer Narmad South Gujarat University.
 To give useful suggestions in light of accounting education of Veer
Narmad South Gujarat University.
SCOPE OF THE STUDY:
 This study is limited to the accounting curriculum of Veer Narmad
South Gujarat University only.
 Only Bachelor of Commerce program’s accounting subjects are
taken into consideration.
RESEARCH METHODOLOGY:
 This study is based on secondary data derived from various journals,
published materials, websites and books.
 Different course curriculums of Accounting Education in Veer
Narmad South Gujarat University have been derived from published
manuals of University.
EVALUATION OF RELEVANT ACCOUNTING EDUCATION:
difficult to develop one global accounting education model
which satisfies the needs of industry and society in different
cultures of the world.
Accounting professionals and academicians have already
started the process of analyzing and critiquing accounting
curricula worldwide.
changes are often difficult and the lack of discussion about
teaching and curriculum is a significant barrier to change for
many accounting educators.
Most of the traditional Indian universities were following
descriptive accounting system till 20th century.
Whereas 21st century is influenced by the information
technology revolution which demands inclusion of
computerised accounting as a part of prescriptive
accounting system in accounting curricula.
 Present Accounting curriculum is based on the ‘How’ part of accounting
system rather it should cover the ‘Why & How’ part of accounting
systems, so that, students get absorbed in corporate field as a
supplementary to the professionals like Chartered Accountants & Cost
Accountants.
 In VNSGU, same scenario is prevailing. The subjects and syllabus of
commerce course covers different types of accounts like Financial
Accounting, Corporate Accounting, Management Accounting, Cost
Accounting, Auditing and Taxation.
 But in reality there is very pathetic situation as commerce students are
not being employed by good business enterprises as an accountant or
advisor.
 The main reason behind their unemployment is lack of practical
knowledge and lack of skills.
 The commerce graduate students fail to analyse financial statements of
company and do not have analytical skill to take investment decision.
 Some very pertinent topic like Goods and Services Tax is included in
Bachelor of Commerce programme but again it is only theory, no
practical aspect has been touched upon.
Commerce graduates are not able to calculate taxable
income in reality so even they cannot guide about
investment decision in real life.
They are not taught accounting softwares in their curricula
and hence when they go to real business world, they fail to
exhibit skills.
When one talk about stock market, there is a lack of
practical knowledge about fundamental analysis and
technical analysis as such important areas are not covered
during their study.
In addition, in VNSGU, there is no concept of practical
project in accounting education and hence, throughout
graduation students never get exposure to be in association
with business organisation.
there is a huge gap between what is being offered to
commerce students and what is required to be.
CONCLUSION:
In any business, accounting and finance are
heart and blood.
Thus, accounting education is important for
different hierarchy of education like under
graduation, graduation and post graduation level.
More research in accounting education should
be promoted so different stakeholders can be
benefitted.
If accounting curriculum of VNSGU will not be
changed, it will be too late as the students of
VNSGU are facing real life problems.
SUGGESTIONS:
There should be an industry and institution interface
in order to upgrade Accounting education in VNSGU.
So that the students of accounting education can be
more professional in character which can create
employability.
There should be compulsory accounting internship
and project submission in the third year of the B.
Com. Course.
More emphasis should be given in research and
development activity in accounting education both in
educational and professional institutions.
THANK YOU