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Volume:1, Issue:3
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Journal of European Economic History
2020, Volume:1, Issue:3 : 9-13
Research Article
Bridging the Gap Between Accounting Theory and Practice: Challenges, Strategies, and Future Directions
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1
Department of Accounting & Finance, National Institute of Commerce and Management, New Delhi, India
2
School of Business and Economics, University of Western Ontario, Canada
3
Department of Accounting, College of Business Studies, Kuwait
Abstract

The persistent gap between accounting theory and accounting practice has long been a subject of concern among academics, professional bodies, and employers. While accounting theory provides conceptual foundations, principles, and normative guidance, accounting practice is shaped by regulatory requirements, organizational constraints, technological advancements, and market pressures. This misalignment often results in graduates who possess strong theoretical knowledge but lack practical competence and professional judgment. This paper critically examines the nature and causes of the theory–practice gap in accounting, reviews existing literature, and proposes integrated strategies to bridge this divide. Drawing upon global best practices, professional body guidelines, and pedagogical innovations, the study emphasizes experiential learning, curriculum redesign, industry collaboration, and technology integration. The paper contributes to accounting education literature by offering a comprehensive framework for aligning theory with practice, thereby enhancing graduate employability and professional readiness

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