Highest Accounting Certifications to Enhance Your Career
Author : Rahil Kumar | Published On : 13 Aug 2021
If you are an accounting and financial professional, an accounting certification can enhance your earning potential and qualify you for better and highest positions. If you are considering getting the highest professional accounting certification, examining some of the more successful ones can help you discover which is the best fit for you. In this article, you will get to know the highest professional accounting and financial certification that will enhance your career and how to obtain them with their benefits.
What are accounting certifications?
Accounting certifications are the highest professional credentials that are used to enhance their careers and grow their skill sets. Discovering which one is the best fit for you can vary according to your career pathway, specialization, qualification, eligibility, and resources. Each of these credentials has specific educational and practice requirements and concentrates on specific skills to be achieved.
Here is the most popular accounting certification:
- Certified Public Accountant (CPA)
US Certified Public Accountant (US CPA)
A US Certified Public Accountant is the ownership of qualified professional accountants in numerous countries in the English-speaking world. It is ordinarily equivalent to the degree of a chartered accountant in other English-speaking countries. The US CPA is a license to provide accounting services to the public.
It is the most well-known certification in the accounting industry that is required to hold many accounting positions. It validates your proficiency in forensic accounting, risk management, compliance, taxes, and other skills demanded top accounting roles. This credential is granted by the American Institute of Certified Public Accountants (AICPA).
It is widely appreciated throughout the accounting industry. Many companies demand it for managerial positions. US CPAs find work in public, management, and governmental accounting, taxation, compliance, and other roles. Despite the fact, only less than 50% of the world population has one. Why? Because the biggest obstacle in achieving a US CPA license is taking the US CPA Exam.
According to the AICPA, the aggregate pass rate of 2021 for each of the four sections of the US CPA exam ranged from 47% to about 62%. Are you wondering? What's so difficult about it? Each section of the US CPA exam concentrates on a specific exam topic area of accounting and challenges candidates to demonstrate a deep understanding of that subject area. The sections are;
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Aspirants are given only an 18-month window to pass all four sections of the US CPA exams.
With the right CPA Exam Study Materials on your side, you can pass the US CPA exam in one go without any hurdles. Since there are so many considerations for the CPA Exam Study Guide in the market, we evaluated the best one for you. Click here to see the best pick for CPA Exam Materials to help you pass on your first try.