|
Accounting scholarship is a professional academic discipline usually taught at business schools.
Since accounting is a highly professional standards oriented, both practitioners and academics may claim to be experts, provided both real life exposure and academic competencies are present. The school of knowledge, accounting, is itself a profession which gets around of all fields and is closely linked with finance.
Accounting academia
Requirements for appointment as professor appointment vary considerably worldwide. For certain research universities, acquiring tenure is very competitive. In addition to academic credentials, professional exposure is often required to compete with commerical and professional sectors for certified expert as professor.
Traditionally, accounting has been a very practical field. A professor in accounting is thus expected to be an expert in accounting, either academicly or professionally. Normally, adult/executive learners and MBA case study approach prefer professional-based professors, who have an MBA and are qualified as a CPA. By contast, PhD students prefer research professors who themselves did a PhD in accounting.
Areas of research
Accounting scholarship deals with the following areas:
Accounting researched can be tailored to a specific industry or knowledge-based. e.g. accounting for law firms or hotels as well as accounting for quality.
Difference from scholarship in finance
Finance, which is also taught and researched at business schools, is closely related to accounting. However, accounting scholarship focuses more strongly on distinctive bodies of knowledge such as financial reporting, financial management, auditing, information management and taxation.
UK
In the United Kingdom, a Professor in Accounting is almost complusory to be a member of one of five registered auditors recognized under the Companies Act. Refer Chartered accountant and UK government policy for top MBAs in 2004.
U.S.A.
In U.S.A.,such as for college professor or practical oriented clinical professor even in vocational institutes and top tier business schools, where MBAs are originated, top MBA is almost a must. If without a CPA or its foreign equivalents, a faculty normally equipped with formal accounting education at U.S. 250 credit level or fully accredited Bachelor and Master in Accounting plus CPA firm training. Refer Teaching Professor. In Big 4 originated consulting firms, Certified Management Consultants and MBAs lead researches as corporate advisor/professor in accounting for their corporate clients. In academic research universities, a PhD is preferred. Refer Research Professor.
In contrast, as to the employers' preference to hire MBAs under league tables for CFO/Professor in U.S.A., there are articles [1] (http://www.cfo.com/article.cfm/3011791/c_3061766) to compare it with non-degree based Chartered Accountants and its equivalents in UK. In gaining recruiters' confidence, British accountants have claiming their tough requirements for articleship as professional on-the-job-training and in issuance of both Membership and Practising Certificates.
| 
