HERE IS WHAT EMPLOYERS REALLY WANT TO SEE IN FINANCE AND ACCOUNTING CERTIFICATIONS
Here is what employers really want to see in finance and accounting certifications
It has been an opportunity for us to take stock of our lives and re-evaluate our careers and the opportunity to gain an accounting certification might be the key to a more lucrative, successful future. In order to reach greater heights, it is often necessary to earn a certification in finance and accounting, whether it is the gold standard in accounting, CPA USA, or something that might be more specialized in auditing, or financial services.
Having advanced knowledge in your area of expertise will increase your productivity as well as demonstrate your dedication, motivation, and commitment to your current employer as well as prospective employers in the future. You invest time and money to earn a certification, which is why it is not a small matter for you to earn a certification and hence you should not deal with it lightly since it makes you more likely to earn promotions, raises, and bonuses.
Once you have chosen a credential, determine when you can prepare and test so that your work and personal demands are met. Read reviews of study courses to determine which one is right for you, whether you are learning online, face-to-face, or self-studying. Make sure the digital license fits your time frame and the length of the course.
Among the popular certifications in accounting and finance, employers prefer the following:
Certified Public Accountant
As a CPA, you are certified in tax, compliance, risk management, forensic accounting, and other areas that are supervised by the American Institute of Certified Public Accountants. By acquiring the designation, you prove that you have expertise in tax, compliance, risk management, and forensic accounting.
The prerequisites for the program typically consist of five years of higher education with a bachelor's degree in accounting, business, or finance and additional coursework to reach the respected credit hours, plus verified work experience, and consist of four levels that can be taken in any order.
Certified Management Accountant
Credential holders of the globally recognized Certified Management Accountant credential, which is granted by the Institute of Management Accountants, will demonstrate a mastery of critical accounting, financial planning and analysis skills. The prerequisite includes a bachelor's degree and two consecutive years of experience in financial management or management accounting. The degree often takes one to three years to complete.
Chartered Global Management Accountant
In business and government, Chartered Global Management Accountants are certified in financial accounting as Chartered Global Management Accountants. It is a certification that demonstrates your competence in managing accounting skills and your ability to develop strategies that link all aspects of a company. It requires both AICPA and CIMA membership, and a minimum of three years of management accounting experience. CIMA membership is also available online, so busy professionals can study according to their schedules.
Chartered Financial Analyst
CFAs are Chartered Financial Analysts who demonstrate their knowledge and expertise in portfolio management principles, investment analysis, and economics, as well as professional and ethical standards, and are accredited by the CFA Institute. A bachelor's degree and 4,000 hours of relevant experience are required. It can be completed in 18 months, but most people take two to four years to complete.
Certified Internal Auditor
The Certified Internal Auditor credential is the only global designation for internal auditors, and individuals who hold this financial certification demonstrate expertise in information technology and risk management. In general, it is offered by the Institute of Internal Auditors, with prerequisites including a Master's degree and one year's experience in internal audits, a Bachelor's degree, and two years of experience, or five years of experience. Typically, it takes between a year and 18 months to complete, but up to three years may be required.
Certified Fraud Examiner
For finance professionals working in anti-fraud efforts within both public and private organizations, the Certified Fraud Examiner designation is beneficial. Those who pass the exam demonstrate strong knowledge of four key areas: fraud prevention and deterrence, financial transactions, fraud schemes, and the law.
As a prerequisite, you must have a Bachelor's degree, two years of experience in detecting and deterring fraud and have completed all four sections of the exam within 60 days of scheduling the first section. It is awarded by the Association of Certified Fraud Examiners.
Certified Bank Auditor
A Certified Bank Auditor is an individual who ensures that the records of a financial institution are accurate, complete and adhere to federal and internal guidelines. In addition to accounting and auditing principles, CBAs also demonstrate expertise in banking laws and regulations.
In order to qualify, a candidate must possess a Bachelor of Science in accounting or business, two years of professional bank auditing experience, and must pass a professional bank auditing exam within three years.
Certified in Financial Forensics
An AICPA certification in financial forensics designates an accounting professional who provides forensic accounting services to courts and other forms of dispute resolution. In addition to fraud detection and prevention, insolvency, and bankruptcy, the certificate holder is tested on economic damages calculation, financial misrepresentation, valuations, and fraud detection and prevention.
This certification has three prerequisites: a Bachelor's degree, a CPA state certificate, 1,000 hours of forensic accounting experience in the last five years, 75 hours of forensic accounting-related continuing professional development, AICPA membership, and a two-year license for the study program. It takes candidates two years to become certified after passing the first part; the study program is approved for two years.
Conclusion
Certifications such as CMA USA, CPA USA, etc. can set you apart from your competitors. They demonstrate to employers your expertise in areas like accounting, internal audits, and finance, and that you are highly qualified. In addition to expanding opportunities and increasing your earning potential, certifications also enhance resumes and portfolios.
For those of you who are still confused and uncertain about which stream to choose from among these certifications, we at My logic, Bangalore can help. To learn more about our courses or to schedule your career counselling appointment, please visit us at www.mylogicvideos.com or call us at 91 8800336720.