The career of chartered accountancy is trendy among students and interesting and promising, opening up a variety of employment prospects within many spheres of activity, such as corporate, finance, taxation, and consulting industries. Nonetheless, due to the attractive job opportunities that the corporate world offers, why many people fail to complete the Chartered Accountant course, and some clear the Chartered Accountants quit the corporate world and go for teaching. This decision is based on the multiple reasons that stem from one’s desire to achieve certain individual or organizational goals. In this article, the authors focus on the causes of such career change and the factors influencing CAs to become educators.
Passion for Imparting Knowledge
First and foremost, it should be noted that most CAs are attracted to teaching because teaching is their vocation – their calling – to nurture the future generation of business professionals. Some CAs derive a lot of joy out of seeing students and guiding them on how to survive in that tough profession. Teaching gives them a chance to form the required skills for the future generation of accountants and also aids in the progression of the field.
Flexible Work-Life Balance
Due to the highly pressured corporate careers, many employees find themselves sacrificing their work-life balance with long work hours. Teaching, however, provides CAs with a fairly flexible schedule, which will help them to maintain a desirable work-life balance. This flexibility also has major advantages, especially for CAs who may want to spend more time with their families, or in other activities which they would otherwise not be able to do.
Intellectual Stimulation
The teaching profession is mentally challenging and diverse in personal development is promoted and encouraged. Newly qualified CAs who join schools to teach are likely to encounter this dilemma because they are always in touch with the contemporary changes in accounting standards, tax laws, and other related aspects. From this intellectual stimulation, there can be a renewed interest of the workers in the profession hence making it a fulfilling experience.
Desire to Give Back
In the same respect many CAs approach teaching as an input they are providing towards a field that has benefited them in the course of their practice. That is why they are improving the necessary knowledge and experiences sharing with other students who will become effective accountants in the future, contributing to the further progress of this branch to the highest level. This motivation to learn and pass on knowledge and skills for the improvement of the next generation is a noble drive that factors in the entry of many CAs.
Mentorship and Guidance
Moreover, CAs get involved in the accumulation of experience and knowledge to provide students with helpful advice in study. This particular position enables them to serve as key players in the molding of the future of other accounting personalities as they endeavor to tackle any hindrances as well as embrace the opportunities that are present in the field.
Teaching CA Group 1 Subjects
The use of technological tools in online teaching practice is one of the sampled areas that CAs often search for teaching opportunities in CA Group 1 subjects. Two of these subjects are formative ones that incoming CAs must take and include subjects like accounting, mercantile laws, economics, and quantitative aptitude. In particular, the employment of CAs with substantial amounts of knowledge and practical experience in such areas as EA, IRM, BI, and data management is valuable since they can bring practical experience and many real-life examples to the classroom.
Conclusion
The process of changing their career from a corporate job to the teaching profession is one of the best hard decisions for Chartered Accountants. Although such reasons may differ, common prerequisites typical for these individuals may include enthusiasm in transferring their knowledge, a desire to have flexible working hours, a challenging college curriculum, and an opportunity to contribute to the profession.
Teaching opens up an opportunity for experience exchanging as well as passing on knowledge to the next generation of CA and generally helps in the growth of the industry that is dear to all of them. Finally, the transformation from employees of large corporations to teachers proves to be quite encouraging and satisfying for CAs to leave their legacy through training the next generation of accountants.
Can teaching truly be considered a feasible health career for Chartered Accountants?
Yes, it is very much correct that teaching is one of the most gratifying and feasible professions for Chartered Accountants. Most of the CAs mention that educating others and mentoring young talent is very rewarding in addition to the fact that one can design his working schedule as well as experience the intellectual challenge of dealing with numbers.
What subjects do CAs typically teach?
Some of the courses that are commonly offered by CAs are; Financial accounting, Cost Accounting, Taxation, Auditing, and Corporate Law. They are most in demand for teaching CA Group 1 subjects that form the building blocks for CA aspirants.
Do CAs need prior teaching experience to become educators fully?
However, the CAs don’t need to become teachers because prior teaching experience is not mandatory for CAs. It is common to find many institutions and coaching centers that offer guidance and instruction on how the CAs may easily make their transition to teaching jobs.
Can CAs carry on practicing while at the same time teaching?
Yes, it could be possible for the CAs to work simultaneously and carry on teaching at their level on a part-time basis or adjunct faculty. This enables the incumbents to keep abreast with their professional practice and new trends in the market, while at the same time engaging in teaching, their passion.
What are the prospects of the CAs in the teaching lines?
Eminent teachers among CAs have various opportunities for professional advancement to work as subject specialists, contribute to the creation of courses, write materials, or lead educational institutions or coaching centers.
What formal education is necessary for CAs to turn into educators?
Although the basic necessity for a teacher of accounting subjects is a chartered accountant qualification, there may be other preferences or requirements depending on the specific teaching institution, an example being a post-graduate degree in a specific subject or a teaching credential.
