Previous researches in Greece have not investigated if there is any relation between learning conceptions and performance in accounting related courses. This paper examines the possible relation between Learning conceptions of individual students and performance in an advanced accounting related course. Research has been developed in a small homogenous group of students. Under this research students were asked to classify themselves in learning conception types. The classification was made under the learning conception types developed by Sharma (1996), Saljo (1979). The conceptions of learning of individual students were correlated with performance in the final examination of an accounting related course.