The profession of accounting is promising since there are many areas to specialize in, professionals can work independently or with others, and it’s a steady business even in a declining economy. Accounting certifications can help advance one’s career. Certifications in special areas help boost credibility, trustworthiness, and increase the financial benefit for an individual. Some of the certifications below can greatly help the careers of professionals.
The most common certification is known as a CPA or a Certified Public Accountant. It’s very popular since it demonstrates proficiency in many areas. These areas include financing and accounting specializations such as analysis, management, consulting, planning, and corporate assistance. It covers an array of different services that the accountant will be certified in. An exam is required to become a CPA and can consist of 4 to 8 parts. It’s known to be very difficult.
Another certification is known as a CMA or a Certified Management Accountant. These experts handle management accounting. Their expertise lies in various management functions such as financial planning, cost management, financial analysis, and support with financial decision-making. The skills of a CMA can be extremely beneficial to businesses to manage their financial assets and lead to overall success. For this certification, a two-part exam is required and the individual must have at least two years of experience in management accounting services.
A Certified Internal Auditor, known as a CIA, is a well-known certification for internal auditors. This kind of work involves improving the governance or an organization, assisting in risk management, and offering recommendations based off of financial analyses. This certification involves a four-part exam and two years of experience in internal audit.
A Certified Financial Planner is known as a CFP. This certification provides financial planning credentials, involving offering financial strategies that clients can benefit from. It is an extremely popular and impressive credential for this area of focus. This certification helps provide professionals with many career opportunities beyond simple accounting duties. To obtain this certification, the individual must pass an exam.
Accountants in New York help businesses manage their finances more efficiently. If you’re a business owner in New York, you should consult with an accountant to improve your financial situation.