E-learning provides opportunities for developing countries like Egypt that expect a promising future in its educational process from the use of modern information and communication technologies. The aim of this research is to investigate and identify factors that influence the use of e-learning in accounting education and to assess students' attitudes toward and acceptance of accounting e-learning and their perceptions of the effectiveness with respect to quality of instruction, interaction, and learning outcomes compared to traditional classroom instruction. A questionnaire was used to gather data for the research. The results show that there is a positive correlation between student satisfaction and quality of blended learning. In addition, it shows that learning outcomes, higher interaction between student-faculty/student-student, efficiency and effectiveness of instruction and course administration, and student assessment and feedback are positive indicators for the level of quality of blended learning approach.