Follow
One of the fastest growing professional industries is accounting. Accountants will continue to be in demand with businesses as the level of financial regulation continues to increase. Those that would like to pursue a career in accounting should consider getting some form of accounting certification on top of their accounting degree. There are several different types of accounting certification, each of which would make an accountant more marketable to employers.
Certified Public Accountant (CPA)
One of the most commonly pursued licenses is to receive a CPA. A CPA is a professional designation for accountants, which gives them the legal write to prepare audited financial statements. Getting the CPA is a challenge for accountants. It first typically requires that the CPA test taker to have at least 150 hours, or equivalent, of post-high school education completed and over 30 hours of college-level accounting work completed. Most people that take the CPA will study for the test for at least one year prior to taking it. Once the test is successfully complete and the CPA license is received, a person will have plenty of professional opportunities.
Certified Managerial Accountant (CMA)
Next to the CPA, the CMA is the most popular certification for accountants. CPAs tend to be hired by large accounting firms, who complete financial statements for clients. CMAs tend to be hired by larger companies directly in order to head their accounting departments. The process of obtaining a CMA can be just as challenging as a CPA. Those that earn a CMA can also be compensated just as well as a CPA. Those that are looking to maximize their potential competition should consider getting both certifications.
Certified Internal Auditor (CIA)
Internal audit has become an increasingly important role in an organization. An internal auditor will be hired by a company to ensure that the company and its employees are working and complying with the stated policies and procedures of the organization. The auditor will also analyze the processes and procedures to find areas of concern and potential for internal and external fraud. Those that are looking to obtain a job in internal audit should consider getting a CIA, which will help them to find a position either as an auditor working directly for a company or working for an organization that provides third-party auditing services.
Certified Financial Planner (CFP)
As investing becomes more and more complicated, more people are seeking the help of certified financial planners to help them plan for the future. A certified financial planner, which is fully licensed with the CFP certification, will be able to work with their clients to develop an all-encompassing personal financial plan. This can include helping to plan for retirement, save for college expenses, and even develop a personal budget. CFPs also frequently earn other certifications that allow them to sell stocks, bonds, and other securities.
Conclusion
In conclusion, the field of accounting will continue to provide employees with many job opportunities and room for professional growth. Those that are in the field should consider getting some form of certification, which will help to ensure that they can qualify for even more professional opportunities.
For more information, check out “TOP 10 BEST ONLINE MASTER OF ACCOUNTING DEGREE PROGRAMS“.