About CPA
Employers often search for accountants with specific certifications and pay more to accountants who hold them.CPA is a high end accounting professional course. The full abbreviation is Certified Public Accountant. The CPA designation is granted by the American Institute of Certified Public Accountants.
CPA designation is a certification of expertise in the field of Accounting.
The exam has four sections like –
- Auditing and Attestation (AUD)
- Financial Accounting (FAR)
- Reporting and Regulation (REG)
- Business Environment and Concepts (BEC)
A wide range of career options in public accounting or corporate accounting are available for CPAs. They can move into executive positions such as controllers or Chief Financial Officers (CFOs).Once a candidate becomes a CPA certified, he or she can specialize in one specific area of finance or a wide range of servicessuch as –
- Academics and Research
- Business Valuation
- Income Tax
- Information Technology
- Management Consulting
- Performance Management
- Tax Preparation and Planning
- Venture Capital
- Corporate Finance
- Corporate Business
- General Accounting
- Environmental Accounting
- Estate Planning
- Financial Accounting
- Financial Analysis
- Financial Planning
- Forensic Accounting
- International Accounting
- Treasury or Cash Management
For the most part, the accounting industry is a self-regulated. The CPA designation helps prosecute professional standards in the industry. CPAs are subject to a code of ethics.
Knowing aboutCareer opportunitiesafter CPA
A CPAprofessional is a trusted financial advisor who helps and suggests advice to individuals, businesses, and other organizations plan and reach their financial goals to achieve success.After becoming a Certified Public Accountant, it opens a wide range of career opportunities in the field of Finance and Accounts. Taking up a career in accounting and clearing the CPA exam will boost your career but also you will be open to theother opportunities available worldwide.
A CPA professional will have knowledge about the subjects like –
- US Generally Accepted Accounting Principles (GAAP)
- International Financial Reporting Standards (IFRS)
- Generally Accepted Accounting Standards (GAAS)
- US federal taxation and business laws
This will give CPA professionals an edge and commanding capability over the financial experts in their respective skills which will help to gain confidence in them and also a strong boost in their career growth.
The areas in which CPA professionals can take their careers ahead apart from financial planning and auditing which are mentioned above, in this six career paths have been discussed as below such as–
- Forensic Accounting
Here to Investigate the white collar crimes like bribery, fraud and money laundering…. Etc., which needs and desires the expert knowledge of CPA. In present situations, the criminal cases of corporate crimes and scandals have increased so much which created the demand in this emerging field.
A forensic accountant job is to work on detecting, preventing and investigating financial frauds such as tax evasion, embezzlement to securities fraud, and money laundering schemes.
- Information Technology
Information Technology is one of the best fields where CPA professionals have huge career growth. They can work as a Certified Information System Auditor (CISA) and lead the department of IT governance or can also work as a Software Revenue Manager (SRM) who will be working as a bond between the Finance team and the IT Team.
- General Accounting
One of the most vital andstill common career paths is the field of General Accounting. Here the CPA professional will be responsible for accounting activities of the organization from making of financial statements to valuing stocks and also making critical decisions.
- Environmental Accounting
A CPA professional who lovessurrounding environment, can be an environment auditor and can play asan important key role in the environment protection cause by ensuring compliance with environmental laws through audits which are aimed for minimizing liability and identifying opportunities for more sustainable operational practices.
- Academic and Research
After successful completion of CPA certification, if interested in sharing knowledge and experience than being a teacher is the best way of fulfilling it. You can easily get into a teaching profession and can teach courses on Audit, Taxation, Accounting, Ethics, Business Applicationetc. You can become a part of any educational institutions and work as a full-time or even a part-time teacher in any good accounting educational institutions.
- Business Valuation
The successor company needs to value the business before investing in any other company. The company needs to analyze the revenues and future earning prospective, plus the financial stability of the acquiring business, so as to ensure a fair value for buying the shares of the other entity. CPA professionals can also venture in this specific field. Here their duties are to analyze revenue and future earning potential of the company which is overtaken and also the financial viability of the acquiring business.
Conclusion
CPA professionals have many industries, organizations and avenues open to explore, and the need in accounting industry for CPA professionals will never die. This makes it a highly popular course globally. CPA professionals have a lucrative career path with a very high salary and career growth opportunities. So hope this article may help you to have an idea of what all fields and career path you can explore. Which all field you need to specialize in, and become an expert CPA professionalin that particular field. To know more about CPA Course program and get register visit
URL: http://edudelphi.com/ae/cpa-course-dubai/
