CPA certification is a highly sought-after credential in the corporate world. Those who earn it gain access to a wide variety of career and job advancement opportunities.
In the United States, most states have their own board responsible for regulating the certification of public accountants. Plus, a CPA's typical workday can look very different based on the type of accounting work they do, the company they work for, and the industry they work in. However, regardless of the state, employment, or industry you choose, you will experience the many benefits of a CPA degree.
It’s common knowledge that CPAs are among the most skilled professionals. The certification demonstrates their extraordinary competence in accounting. They have more knowledge and experience in financial matters than the average accountant. This is because preparing for a Certified Public Accountant requires extensive study, training, and labor.
The CPA exam is a difficult test that covers a wide range of accounting topics. In addition, you’ll need a lot of on-the-job experience. International students must also get their foreign transcript evaluation for CPA to certify their previous education before they can appear for the CPA exam.
For all these reasons, CPAs have earned a high level of respect and admiration in the business community. Known as the black belts of accounting, they are highly sought after by employers for higher-level positions in accounting firms and corporations.
One of the most prominent benefits of the CPA degree is that it provides several job opportunities. Becoming a certified public accountant makes getting work and advancing your career much simpler.
CPAs are in high demand for top financial roles at businesses, NGOs, and governments across all sectors and regions. Furthermore, one AICPA research found that 75 percent of CPAs currently in practice plan to retire within the next 15 years. Because of this, new accountants will have a fantastic opportunity to enter this lucrative market.
The CPA designation has several benefits, but one of the most notable is higher compensation. Applicants who obtain their CPA can expect a salary hike of 10 to 15 percent compared to their unlicensed accounting peers.
Higher pay is something that almost everyone would like to have, and there is no doubt that the CPA certification will assist you with that.
As a CPA, your billing rate can skyrocket in the public accounting sector. The increased profits of your company will ultimately boost your salary. CPA certification can help experienced international accountants find work in the United States and elsewhere.
One of the main reasons people decide to become CPAs is because they enjoy their work so much. CPAs often work in various fields and are skilled in various disciplines. They also enjoy a greater leeway in their schedule.
They can focus on a particular area of accounting, such as auditing, management consulting, information technology, or even international financial reporting. Overall, CPAs tend to have a better time at work than accountants without CPA certification because of the greater variety of work they get to do.
The CPA certification also provides the opportunity to pursue a certain passion, as there are many different specializations available. CPAs are qualified for specialized positions, such as forensic accountants and tax attorneys. Furthermore, a CPA who is already well-qualified in one field can switch specializations later on if they want.
Learning is a never-ending process for accountants in the modern era, with the rising importance of artificial intelligence, technology, and the seemingly endless revisions to the tax code.
The laws and regulations governing the world of finance and accounting are also ever-evolving. Since CPAs are in the vanguard of their field, they are well-versed in all recent developments in the law and best practices.
Now that you know the benefits of a CPA degree, you may want to take the CPA exam to take your career to the next level. State boards regulate CPA exams, so make sure you take the time to learn about different state board requirements.
If you are an international student, you will also require a credential evaluation before you can apply for the CPA exam. ERES can help you in this regard.
Our CPA credential evaluation report will summarize and interpret your transcripts and other academic records to demonstrate to the board that you have earned the necessary credits to take the CPA test in the United States.
Educational Records Evaluation Service helps Non-US educated individuals to receive their US equivalences with our credential evaluation reports.
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