Some of Professional Certifications in Accounting

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Offline Humayra Shaik Lima

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Some of Professional Certifications in Accounting
« on: September 30, 2018, 11:41:01 PM »
There are a ton of different accounting certifications that accountants can use to enhance their careers, achieve promotions, and get pay raises.Each of these of these accounting designations are slightly different and have a different career focus. For example-

Certified Public Accountant (CPA): The certified public accountant credential is the oldest and most respected accounting designation in the profession. CPAs are known and respected across all industries because the CPA license is the most popular and useful certification in the accounting industry. You can think of this like the gold standard. Everyone knows what it is and everyone respects it. This is the mother of all certifications. It also has very unique capabilities.

Certified Financial Analyst (CFA): The certified financial analyst designation is meant to train you and prepare you for a career in the finance and investment world. Although it has applications beyond that like in company management, most CFAs are finance professionals working on Wall Street or for a hedge fund / investment fund.

Certified Management Accountant (CMA):  The certified management accountant designation specializes in company accounting management. This is a topic that the CPA exam doesn’t really even cover. Thus, it makes these candidates great for internal management and executive level roles in companies. For example, a CMA makes a great COO or CFO.  It’s strictly focused on management. Thus, if you wanted to become an executive level officer in a Fortune 500 company, this would be a good certification to get.

Certified Internal Auditor (CIA): The certified internal auditor designation is strictly for compliance officers and auditors. CIAs typically work for large companies performing audit procedures and helping independent auditors do their jobs.
This certification requires completing the three sections of the CIA exam totaling 6.5 hours of testing. If you don’t want to continue a career in auditing, this certification isn’t for you.

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Offline fahmidaemran

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Re: Some of Professional Certifications in Accounting
« Reply #1 on: November 20, 2018, 02:25:10 PM »
Thanks for sharing..
Best Regards,
Fahmida Emran
Department of Business Administration
Faculty of Business & Economics
Daffodil International University