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There are literally zero PhDs in accounting from AACSB schools teaching community college, as rsaylors implies. I know of many four year schools in very desirable locations that cannot hire accounting PhDs simply because there are not enough. I know of a small liberal arts school in the West that conducted a search for a new accounting faculty and stipulated that a PhD was required... and received zero applicants, then had to reopen the search the next year to MBA+CPA. The situation is certainly not as dire as rsaylors says.
That said, you'll be in for a shock if you do a PhD program because you want to teach. I've been on both ends - clinical faculty and now a PhD student - and the PhD is only worth it if you want to research. You can make as much money as a good clinical faculty vs. a bad research professor, and have time for consulting and such on the side.