This study evaluates the perception of academicians teaching accounting in the universities of Karnataka state, India in the context of the suitability of accounting education for current market demand. It also assesses the level of suitability of accounting education to the current market need prevailing in the universities of Karnataka state. Methodology: This empirical-conceptual study was conducted based on both primary and secondary data. To analyse the data, accounting education quality index was developed. One-sample t-statistics was used for statistical analysis. Findings: Our results showed that average suitability of accounting education prevailing in the universities of Karnataka state to current market need was 43 percent. Further universities and academicians are needed to upgrade the accounting education system so as to support the graduates to employable in the market. Implications: The outcome of the results of this research will become an input to universities to take necessary steps for inclusion of Artificial Intelligence applications, Extensible Business Reporting Language, and Global Reporting Initiatives aspects in their curriculum. Inclusion of these aspects in accounting curriculum helps the graduates employable in the field of accounting and auditing of business and financial information. Originality: This research will add the value to the existing literature in the field of accounting education. Meanwhile, it stresses the need for advancing accounting education in Indian context.