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Finance – Fund Management / Some of Professional Certifications in Finance

« on: October 01, 2018, 12:58:49 AM »

To be successfull in finance and just about any other field, you need to continue your education beyond your undergraduate degree. For some people, it means getting a maters in business administation(MBA), but there are many other way to advance your education and inhance your credentials without getting a graduate degrree, In fiance,a varity of professional certification programs are widely recognized in the field.

Chartered Financial analyst(CFA): Offered by the CFA Institute, the CFA program is a graduate level course of study focused primarily on the investments side of finance. To earn the CFA charter, students must pass a series of these exams, usually over a 3year period, and have 48 months of professional experience. Although this program appeals primarily to those who work in the investment field, the skills development in the CFA program are useful in a variety of corporate finance jobs as well.

Certified Treasury Professional(CTP): The CTP program requires student to pass a single exam that is focused on the knowledge and skills needed for those working in a corporate treasury department. The program emphasizes topics such as liquidity and working capital management, Payment transfer systems, capita structure.managing relationship with financial service providers, , and monitoring and controlling financial risks.

Certified Financial Planner(CFP): To obtain CFP status, student must pass a 10 hour exam covering a wide range of topic related to personal financial planner.  The CFP program also requires 3 year of full time relevant experience. The program focuses primarily on skill relevant for advising individuals in developing their personal financial plans.

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Accounting – The Language of Business / 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.

Find more in http://www.ais-cpa.com/best-accounting-certifications/