Well, there is no denial to the fact that global corporations are now a reality of life and have penetrated every industry and field in the world, including finance, agriculture, and an unending list of other fields. Right?
Hence, professional accountants who can serve as financial consultants and keep track of all the monetary funds are urgently needed as a result of the emergence of new enterprises and the increase in resource allocation.
Since then, credentialed accounting experts have been in high demand to meet this need. Now, a CPA course is the first step towards achieving your dreams if you’re interested in a lucrative career in commerce and accounting and want to be a recognized professional worldwide. Allow us to give you a glimpse into each and every aspect of the CPA course through this blog.
Top Reasons to Take a CPA Course
We have some valid and persuasive arguments as to why you should absolutely enroll in a CPA course for those who are still debating whether to pursue a CPA or not.
- The CPA program is well-known and regarded as the pinnacle of education in the financial and accounting industries.
- The students will be exposed to a wide range of topics during the CPA course, assisting them in developing an international perspective in areas of accountancy such as auditing, taxation, international finance, etc.
- A CPA education makes you a global citizen and increases your chances of gaining job prospects from international organizations, unlike domestic certification, which may only allow you to work in one country.
- The need for a CPA is constant throughout the year due to the rise of more and more startups and businesses.
- Not to mention, a CPA receives an undoubtedly substantial pay package or payment. Pay of 7-8 lakhs per annum is being offered by most of the MNCs to certified US CPAs as per the current trends.
Career Opportunities & Scope Following a CPA Course
The greatest course of action you can take is to enroll in a CPA program if you want to advance your talent and enthusiasm for accounting.
A CPA will have knowledge of IFRS (International Financial Reporting Standards), GAAP (Generally Accepted Accounting Principles), GAAS (Generally Accepted Accounting Standards), and other accounting standards in addition to information that is practically identical to that of a Chartered Accountant (CA).
Pursuing a CPA certification through Miles Education opens up a range of opportunities in the United States and India, in the dynamic fields of accounting and finance.
One significant advantage is the potential for a three-year work permit, made possible by Miles Education’s strategic partnerships with reputable US universities and the incorporation of STEM certification in its Master’s in Accounting program.
This unique aspect places international graduates on par with other STEM professionals, providing an extended timeframe for employment prospects in the US. Additionally, individuals who complete their education with Miles Education can anticipate a competitive starting salary of $60,000 or more, reflecting the high demand for skilled CPAs in the competitive US accounting landscape.
Beyond financial incentives, CPAs can explore diverse sectors, including public accounting firms, corporations, government agencies, and nonprofits, offering a variety of roles such as audit, tax planning, financial analysis, and consulting.
The US accounting industry not only ensures a strong foundation but also facilitates continuous career progression, with CPAs advancing into management, executive, and leadership roles over time.
For those with entrepreneurial ambitions, the certification can serve as a stepping stone to establish independent ventures in accounting, auditing, or financial consulting, catering to a diverse clientele.
Moreover, in the ever-changing regulatory landscape of the US, the demand for CPAs with expertise in compliance and regulation remains strong, especially in sectors such as financial services, banking, and insurance.
The field also allows for specialization in niche areas like forensic accounting, mergers and acquisitions, sustainability reporting, and data analytics, enabling CPAs to carve out distinctive and rewarding career paths.
Who Qualifies to Take the CPA Exam?
Candidates with a relevant degree in accounting or finance, such as a BCom in accounting, BBA in finance and accounts, BBA in accounting, MCom, or an MBA in accounting or MBA in finance are eligible.
However, you need not worry if you are not from a non-finance or accounting background. There is always some option for aspiring candidates.
Accounting.101 – Finance and Accounting Basics by Miles has been designed for non-accounting students who have difficulty understanding the intricacies of the financial concepts covered in the CPA and CMA course.
It is also intended for students who have graduated and/or who simply need a refresher course in accounting but have lost touch with it.
Conclusion:
In conclusion, pursuing a CPA certification offers a comprehensive education in accounting and finance.
The blog emphasizes the global recognition of the CPA course, covering essential areas like auditing and taxation. It highlights competitive starting salaries and diverse career paths, including opportunities for entrepreneurship.
The ever-evolving regulatory landscape in the US ensures a constant demand for CPAs, with specialized areas such as forensic accounting and data analytics.
Overall, the CPA certification not only opens doors to a lucrative career but also equips individuals with the skills needed to thrive in the evolving field of accounting and finance.
