Academic journal article Journal of Accountancy

Academic and Career Development Division Seeks CPAs for the Future

Academic journal article Journal of Accountancy

Academic and Career Development Division Seeks CPAs for the Future

Article excerpt

"By far, the most important thing the academic and career development division does for AICPA members is recruiting--convincing young people to become CPAs," said Rick Elam, AICPA vice-president - education, in a recent Journal interview.

The AICPA's recruiting efforts are aimed at attracting bright students rather than large numbers of students; the number of accounting graduates should satisfy the profession's needs for the foreseeable future. With a sufficient supply of graduates in store, the profession therefore can concentrate on attracting the most talented students available.

How the 150-hour requirement helps

The 150-hour requirement for new CPAs, which now has been enacted by 24 states, with the possibility of legislation being passed by up to 10 more states by mid-1993, should help the profession attract brighter, better-trained accounting graduates.

In Florida, where the 150-hour requirement has been in effect for almost 10 years, universities are graduating as many accounting students as the system will allow. The number of new CPAs has remained level for the 10-year period even though the number of people taking the Uniform CPA Examination has gone down sharply. That's simply because more, better-educated people are passing it than before the 150-hour requirement.

AICPA scholarship programs

The AICPA scholarship programs are a means of attracting and retaining quality students and educators to accounting.

* The AICPA Doctoral Fellowship Program. This program awards grants of $5,000 per year for up to three years to working CPAs who wish to obtain a PhD and teach accounting at the college level. From 15 to 25 new fellowships are awarded each year, and an average of 40 students receive grants in any one school year.

* The AICPA Scholarships for Minority Accounting Students Program. This scholarship program awards up to $3,000 to each outstanding minority accounting student recipient. …

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