Accounting is a vast field of study and a complex one. To have an accounting degree is considered to be prestigious as it is one the most reputable. There are a lot of destinations in the field of accounting with various certifications. Indeed, all those certifications are rewarding with a handsome amount of salary. Therefore, it comes a hard way with the most difficult exams that haunt every accounting student. Thus, they go for Accounting Exam Help online from an exam help UK platform.
However, the professional accountants at exam help UK platform can clear your exams but not the experience and skills. The expertise and skills of an accountant to possess the power of any certification are indispensable. It is like an oxygen cylinder essential for traveling in space. Therefore, accounting exam help online is ease from accounting exams but you will be deprived of the experience and education. But what is the most rewarding certification in the field of accounting? Every certificate is rewarding, go with what interests you the most.
Here is a list of some best accounting certifications:
Certified Public Accountant (CPA)
CPA is the most wanted and I must say the best certification for an accountant to have. Indeed, it is also the oldest and universal certificate. It is the gold for accounting students as it gets them respect and dignity from society and industry. The government of a state rewards accountants with the CPA certificate who has successfully cleared the 4 exams of CPA including the compulsory Ethics course.
Certified Public Accountants have to pass the 3 E’s – education, experience, and exams – to get the certificate and license. Once an accountant receives the certificate, he can be a professional accountant in any industry or can open an accounting and financial consulting business. No one can do a better audit than a certified public accountant.
Chartered Financial Analyst (CFA)
Yes, CPA is above all but CFA is meant for those who have a deep interest in finance subject and wish to be a financial analyst. As a CFA, you can operate a business of financial consultation of investing and operating a business. However, the certification is unpopular in the US but highly in-demand in Europe and China.
Moreover, CFA exams are administered by the CFA Institute in 170+ countries comprising of 3 levels; wealth planning, fundamentals of investment tools, valuing assets, and portfolio management. However, CFA has a diverse range of requirements which includes a bachelor’s degree, 4 years of experience, an international passport, and must be living in the participating country.
Certified Management Accountant (CMA)
The title CMA is often contrasted with a CPA certificate as the designation is unique and rewarding. A CMA is assigned to the executive level of a company like a Chief Operating Officer (COO) or Chief Financial Officer (CFO). However, the CMA duties are entirely different from a CPA. A CMA cannot do audits or reports and only focuses on the management parameters of a company. The certification is ideal if you possess exceptional management skills and knowledge.
Furthermore, for being a CMA, you have to be a member of the Institute of Management Accountants (IMA) and pass the CMA exam. To hold the certification, candidates have to master the education financial planning and analysis, organizational decisions, and professional ethics. A CMA can work in any industry, public or government. The earning potential of a CMA is higher than non-CMAs, an estimate of more than 45% extra than them.
Enrolled Agent (EA)
An EA is a person qualified to embody taxpayers in front of the Internal Revenue Service (IRS). IRS itself created the certification to demonstrate the knowledge of the US tax codes and skills to implement it. To hold an EA certification, an accounting student must pass the IRS exam or have similar work experience of a minimum of 5 years to assist a business indirectly dealing with IRS.
However, an EA deals strictly only with taxes and not with finance, management, or any other accounting major. An enrolled agent is ideal for those who love preparing and signing tax returns and advocating taxpayers before the IRS. Moreover, there are a total of 3 exams to acquire an EA certificate.