The efficiency of the accounting practices and the factors that affects the use of information technology covers large aspects. Accounting practices covers so many factors for example ranging from profession, statutory and a host of multiple other factors but this study is restricted to cover the usage of information technology within accounting professionals and accounting students and also on the gap between education and employment. Provide information about new technologies to the accounting professionals and accounting students. In this new era there are lot of technologies are introduced. Better utilization of information technology for accounting students. This study will explain the how accountants and accounting students can use the information technology for their job and for their studies. Findings from this study will also prove useful to students and academician concerning the teaching and learning aids. This study is very useful for the accounting students and the prevailing educational system. They will get lot of information from this research which will enhance their skills.