What Is the Best Accountant Certification to Get?
There are several accountant certifications that will help up-and-coming and seasoned accountants bolster their careers. While many specializations do exist, the following are the best certifications that an account can get.
Certified Public Accountant (CPA)
Earning a CPA allows an accountant to work for themselves, and new accountants earn as much as 10% more than non-licensed peers. When a CPA is earned, further career opportunities are available, and there’s a higher level of career security.
The exam is broken down into several different parts, including:
- Auditing and attestation
- Financial auditing and reporting
- Business environment and concepts
All four parts of the exam must be completed before the CPA designation and certification is received. This is typically the first certification that an accountant will obtain. Learn more about the CPA review course!
Certified Management Accountant (CMA)
A certification that is recommended for professionals who want to enter into the financial management and advanced management accounting field. The certification indicates that a person is well-versed in:
- Financial planning
- Professional ethics
- Business control
- Decision support
This is a two-part exam which covers 11 different requirements that must be met. Anyone that wants to take this exam will be required to have a bachelor’s degree and have spent two or more years working as an accountant.
Certified internal auditor (CIA)
Certified internal auditors will undertake the CIA exam so that they are better able to audit business accounts. These professionals will work with businesses, ensuring that the following is correct and up to industry standards:
These accounts will look for fraudulent activity that may be occurring in the accounting department, and will also be brought into a company to help them save money by making smarter financial decisions.
Many of these professionals will earn significantly more than their counterparts, with recent studies showing that a CIA can earn $29,000 more a year than their non-certified counterparts in the United States.