This paper is a combination of an action research project and a longitudinal study that has evolved during a period of three years within the authors' teaching duties of Accounting Information Systems (AIS) course at the Business Administration Department of TEI Athens. The aim of the project has been to develop research awareness and critical thinking skills of students by introducing to them a new perspective of accounting practice away of its strict technical orientation. Inductive methodology was employed for this project while triangulation of methods was used for data collection purposes including questionnaires, interviews and participant observation. Results indicated that although a positive change occurred in students' attitude for research projects with increased active participation, interpersonal skills have been in such low level that inhibited the development of other skills. This outcome designates that interpersonal skills of students should concentrate our immediate attention.