Is accounting a good career choice 2013

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Is accounting a good career choice 2013

Certification and Licensure About 40 percent of accountants have earned specialized certification. Certification and licensure gives you an advantage in the job market. It not only demonstrates your professional commitment and expertise, but also is crucial for certain accounting functions.

What are your options? Here are the basic requirements to become a CPA: Most states require CPA candidates to possess an undergraduate degree with the equivalent of a major in accounting. Pass the CPA Exam: The CPA Exam is computer-based test. The times it takes to complete each section varies: Some firms will pay for and provide you with a review course but do your research on which course is best for you.

You can take a section one at a time and in any order but must pass all four within 18 months of passing the first section. Generally, one year of accounting experience is required for licensure. Certified Management Accountant CMA The CMA certificaiton is a globally recognized credential geared toward individuals in corporate accounting who responsible for finance and accounting decision-making.

The CMA program is designed to validate advanced skills required to manage finance functions within an organization. Only one exam part can be taken at a time. Candidates must register to take one exam part within the first 12 months of entering the program and must complete both exam parts within three years.

It is awarded by the Institute of Internal Auditors and prepares you to do management functions such as strategic planning, risk assessment and internal control assessment. Many internal auditors do not stay in the internal audit profession and this designation helps them prepare for a well-rounded career in management.

The CIA is a three-part, multiple-choice exam: Internal Audit Basics, Part 2: Internal Audit Practice, and Part 3: Internal Audit Knowledge Elements. Additionally, candidates can apply and sit for the exams without the work experience, provided the experience requirement is met within four years.

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It is a good fit for accountants worldwide, including business strategists, board members, and CEOs. Costs vary depending on which route fits your needs. Many accountants also have a finance background and may decide to pursue a career specializing in finance as a risk manager, financial advisor, or chief executive.

The CFA charter may be a good fit for accountants with such aspirations. The CFA exam is offered only on certain dates and is not an exam you can schedule at your convenience.

Is accounting a good career choice 2013

Level I is offered twice a year, a single day in June and a single day in December. The CFA exam is a pencil-and-paper exam. Instead, each level of the exam builds on the last and covers many of the same subjects but at broader and deeper levels.

The CFA Institute recommends that you commit at least hours preparing for each level of the exam, or hours a week for four to six months. You also need four years of experience to become a charterholder.

As accountants, the financial industry may be your niche and you may find yourself considering CFP certification.

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After successful completion of the education component, the candidate can sit for the CFP Exam. The CFP Exam is offered three times a year each over a five-day period. Accounting Scholarships You should make a point to research the scholarships available to accounting students.

Below are a few to get you started, but be sure to check for scholarships your school offers as well.Business management software by Oracle NetSuite. The cloud-based system to scale with your fast-growing company. Get a free product tour now.

If you're in India then ICAI (Institute of Cost Accountants of India), formerly known as Institute of Cost & Works Accountants of India, is where you can. Flex Choice Learning Options; Career Services; If you’re up for the challenge and love working with numbers, earning an accounting degree is undoubtedly a good option.

This article was originally published in Nov. It has since been updated to reflect data relevant to January 22, | Hudson Admin.

Is accounting a good career choice 2013

January 22, | Hudson Admin. January 22, | Hudson Admin. Our accounting career guide lists everything you need to know including the types of accounting, how to become an accountant, schools, scholarships & more.

The Ultimate Guide to a Career in Accounting

I know that the exam format sounds tricky at first. But, you will get used to it as you go through the CPA Exam application process and use a CPA review course to study. While the CPA Exam is not a simple test, you’re an accountant, so I know you can handle a few more numbers.

The accounting concentration will prepare students for various careers in the accounting profession such as roles in public accounting, internal audit, private industry, non .

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