How being a CPA in academe can make us better practitioners
- Jan Michael Maglinao
- Jul 2
- 2 min read
IT is commonly perceived that the typical career path for a certified public accountant (CPA) involves working within corporate offices, engaging in extensive financial analysis or conducting audit assignments. However, another significant avenue for CPAs exists within academia. While some may initially consider teaching to be a less dynamic pursuit, this perception warrants reconsideration.
Data from the American Institute of Certified Public Accountants show that a substantial majority, specifically 49 percent to 52 percent, of CPAs are employed in public practice. The academic sector accounts for the smallest portion, approximately 3 to 5 percent, and individuals in these roles often maintain a professional practice.
This trend is similarly observed in the Philippines, where a significant proportion of CPAs is engaged in commerce and industry (50 to 60 percent), and a smaller segment (5 to 8 percent) is involved in education. Although it may not be universally considered the most financially lucrative career choice, there are distinct advantages to pursuing a role in accounting education.
The potential benefits of teaching for the professional development of CPAs include:
1. Enhanced technical skills. The accounting profession is characterized by rapid evolution. The continuous promulgation of new laws, regulations, and accounting and auditing standards necessitates ongoing professional development. Teaching compels professionals to not only remain abreast of these changes but also gain a comprehensive understanding to effectively convey complex concepts to students. This allows for an intensive and continuous professional development experience.
2. Improved presentation skills. A significant component of teaching involves delivering lectures, explaining intricate subjects and responding to a range of student inquiries. This bears a resemblance to interactions with clients and stakeholders in professional practice. As such, teaching provides an opportunity to refine communication and presentation skills substantially.
3. Developed management capabilities. The experience of explaining auditing principles to a diverse student body with varied learning styles offers valuable management practice. It provides real-world exposure to managing different individuals, resolving conflicts and leading a group effectively.
4. Reinforced objectivity. In the context of grading academic work, predefined rubrics and criteria are employed. This habit of establishing clear expectations and conducting objective assessments is directly applicable to evaluating the performance of team members in professional practice.
5. Increased technological awareness. Students often possess familiarity with the latest technological advancements, including artificial intelligence tools and advanced spreadsheet functions. Their curiosity often leads to a reciprocal learning environment. Professionals who engage with students in this context benefit from staying current with emerging technologies. It is notable that many practical challenges encountered in the profession can find clarification through theoretical knowledge taught in academic settings. While there is sometimes a perceived disconnect between theoretical constructs and daily practice, it can be argued that CPAs have an opportunity to bridge this divide.
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Jan Michael Maglinao is a partner at Garachico, Alday and Co. CPAs, and is currently serving as part-time faculty at the National University and a reviewer at iCARE Accountancy Review.
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