If you are interested in becoming a CPA (Certified Public Account) then reading this article will help you to gain a good understanding of what a public accountant does and how you can become one.
A CPA is a licensed profession who conducts audits and assists businesses and other institutions manage their finances. Accountants can work in a variety of different organizations from small accounting firms to multinational organization.
Before you can qualify to become a CPA you will normally have to obtain a degree at least a bachelor’s degree in accounting, finance or a related field. In some cases your relevant work experience is considered when you apply for certification even if you do not possess a degree. Obtaining a master degree in finance or accounting will also improve your job prospects. A program to obtain both a bachelor and masters degree typically takes five years to complete and Exeter University offers such a course for Accountants in Exeter. Many successful Exeter Accountants have completed Masters degrees but entry level is still a Bachelor degree.
The next step will then to be certified by your state. For this, you will need to pass a Uniform Certified Public Accountant Examination. The exam is comprised of four sections, namely, Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Report and Regulation. Many companies require that you obtain the following education qualification in addition to your degree: the Certified Fraud Examiner (CFE), Certified Government Financial Manager (CGFM), Certified Public Accountant (CPA), Chartered Accountant (CA), and/or Certified Internal Auditor (CIA).
Following accreditation you then be qualified to work as a CPA. There are numerous advantages to becoming a CPA. Having a CPA license is great way to stand out from the crowd to prospective employers. Employers often hold certified public accountants in high regard. Acquiring a CPA license shows a commitment to the profession and often highlights potential candidates for leadership and management positions. A CPA license is also essential if you wish to rise to higher levels of authority and responsibility.
Entry-level accountants usually prepare and review financial statements, perform financial reporting and assist management with budgeting and planning. Once you have about three to six years experience you will be able to work as a senior accountant and be responsible for carrying out audits and preparing financial statements as well as giving direction and assignments to staff accounts. Accountant managers supervise entry-level and senior accountants. They are responsible for planning and approval of accounting practices including the audit program, internal control procedures, operational budgets and business financing. For this role you would require at least six years of experience.
Some of the key skills and abilities you require to be a CPA include the following: due diligence, analytical skills, interpersonal communication, written communication, verbal communication, ability to work independently and the ability to testify as an expert witness.
Accountancy is one of the more secure and stable jobs there is and CPAs earn between $60,000 and $130,000.