This paper aims at reviewing the effects of the present focus of research in accounting by academics on the quality of accounting education in Malaysian Universities. Quality of accounting education here refers to “fitness for purpose” in designing accounting degree program or course that suits the needs of the accounting profession and the industry. The paper, therefore, verifies the relationship between research in accounting and quality of accounting education in Malaysian Universities. As the quality of accounting degree program is dependent on the quality of the researches being conducted by the lecturers/instructors in Accounting, the study ultimately tests whether or not accounting graduates are marketable enough in the Malaysian labour market and beyond. This would make the policy makers appreciate whether or not the curriculum of accounting degree program is suitable to the industry.