Deanna White of AccountingWEB reports that the first wave of graduates from the Accounting Doctoral Scholars Program are teaching their first accounting courses on college campuses this semester.
The ADS Program was created in 2008 to address the impending shortage of accounting faculty on college campuses across the country. With financial commitments exceeding $17 million – with funding provided by over 120 sponsors, including accounting firms, state CPA societies, the AICPA, and others – the program's goal is to increase the current doctoral pool by 120 PhDs by 2016.
Many of the Accounting Doctoral Scholars say they likely wouldn't have made the transition from CPA to scholar, at least not this early in their careers, if it hadn't been for the impetus and the support provided by the ADS Program.
"Teaching had always been a long-term goal of mine that I planned to pursue much later in my career," said Tammie Schaefer, assistant professor at the Henry W. Bloch School of Management at the University of Missouri – Kansas City. "But when I learned about the ADS Program and its goal of addressing the upcoming shortage of accounting faculty, I decided there's no better time than the present to [pursue that dream]."