Regardless of the profession, you’re in, it helps to further your studies to gain more skills for career advancement. This applies to accountants as well. As a professional in the financial industry, accounting certifications can qualify you for better positions and increase your earning potential.
There are so many bookkeeping courses available and which are offered by both local and online learning institutions. Identifying the one that best suits your career journey is the first step towards taking charge of your profession. Here are a few choices that can inform your decision.
Certified Public Accountant (CPA)
CPA is the most commonly held certification by most professionals in the accounting field. It offers the necessary skills in compliance, risk management, taxes, and forensic accounting. The requirements may vary from one state to another, but accountants should generally have practiced for a year before pursuing a CPA license.
Certified Internal Auditor
This is the only internally acceptable course for the internal auditor career path. This certification enables auditors to demonstrate their abilities in risk and control and also in information technology. CIA also has proficiency in working with both internal staff and external clients. You need a bachelor’s degree and two years of experience in auditing to qualify.
Certified Financial Analyst
The certification tests your knowledge and abilities in portfolio management, investment analysis, professional and ethical standards, and economics. To qualify for the certification, you must be a bachelor’s degree holder with four years of experience in the financial industry.
Certified Management Accountant
CMA tests your proficiency in decision analysis, cost management, forecasting, and internal control auditing. Through it, you’ll enhance your skills in financial management and critical accounting in an internal, generalized, or managerial position. This certification is open to bachelor’s degree holders with two consecutive years in financial management or management accounting.
Certified Financial Services Auditor
You can enroll at the Institute of Internal Auditors for the course. It targets audit professionals with two years of experience. It verifies that a candidate can work in savings and loan organizations, banks, insurance companies, and credit unions.
Certified Fraud Examiner
Certified Fraud Examiner certification is for members of the Association of Certified Fraud Examiners. It seeks to enhance professionals who want to focus on anti-fraud in public and private companies. With the certification, you demonstrate that you’re competent in handling fraud schemes, financial transactions, investigation, law, and fraud prevention.
Chartered Global Management Accountant
This is a global certification course for Certified Public Accountants working in government and business. It’s proof of skills in management accounting and the ability to develop strategies that connect all business areas. The certification is available at the American Institute of CPAs.
There’s no limit as to what you can achieve in your career path. If you’re in the financial sector, consider upgrading your skills by acquiring several certifications. The good thing is that some of these courses are available online or can be pursued part-time. You can pursue them without compromising your time at work. The more knowledgeable and skilled you become, the better your chances are for career advancement.