THE CPA DESIGNATION
CPA (Certified Public Accountant) is the highest accounting credential in the United States.
The CPA examinations are conducted by the AICPA (American Institute of CPAs) which is the world’s largest accounting body. AICPA offers membership to all candidates who successfully clear the CPA exams.The CPA license is issued by one of the 55 states or territories of the United States all of which are members of NASBA (National Association of the State Boards of Accountancy).
CPAs have knowledge of:
- US GAAP (Generally Accepted Accounting Principles) & IFRS (International Financial Reporting
Standards) - Auditing and Attestation standards and procedures
- US federal taxation and business laws
- Business and financial concepts
The CPA license is issued by one of the 55 states or territories of the United States all of which are members of NASBA (National Association of the State Boards of Accountancy).
WHY CPA ?
CPA ensures global recognition for accounting & finance professionals. And with academic content organized over just 4 exam parts and the designation achievable over less than 12 months, the CPA designation offers an extensive value proposition:
- International Recognition
- Strong Knowledge Base – Auditing, Accounting (US GAAP & IFRS), Finance, Tax
- Significant career progression opportunity with Big 4 and MNCs
- Other benefits: Leadership skills, international perspective, elite professional network.
Career Options after completing CPA
If you are planning to make a career in accounting then taking up CPA can do wonders for you. It will not only give your career the much required boost but also provide you with a lot of global opportunities.
Apart from auditing and financial planning there are areas too which a CPA can target and some of them are below:-
International Accounting
As mentioned above, being a CPA opens the door to a lot of global opportunities. As an international accounting manager, you’ll be looking after foreign trade agreements, international business transactions, and other global financial and economic issue.
Academics & Research
Do you like to share your knowledge with others? Well then teaching is the best option for you. After completing CPA you can easily make a teaching profession by teaching any of the subjects from Accounting, Taxation, Audit, Ethics, Business Application etc. You can work as a full time or a part time faculty in educational institutions.
General Accounting
One of the most common and yet very important career path is to get into general accounting. Here you’ll be responsible for all the accounting activities of the organization from making of financial statements to valuing stocks and making critical decisions.
Tax Accounting
CPAs are considered to have expert knowledge about taxation and therefore the demand for them in the taxation field is growing. You can work as a tax specialist, sales tax specialist or international tax manager or any other profile related to taxation.