Top 3 Accounting Certification for the best career

Reading Time: 3 minutes
F&A_certifications

Corporate finance is one of the popular career aspects for most commerce and accounting students, especially in India. Due to the number of international companies coming down to make a spot in the Indian market, the need for corporate finance professionals is also increasing. For a long time, we have all been hearing of CA as the most lucrative career option for commerce students, due to its popularity. But there are some others which you as an aspirant might not be aware of. We will take you through three major finance certifications that will help you build a successful career in corporate finance. It will also help you understand the options available for you if you are someone who has a keen interest in banking, finance, and auditing. 

CA (Chartered Accountancy)

Chartered Accountancy is one of the most lucrative and popular career options in India. It mainly aims at teaching the nitty-gritty of managing finances, accounts, business strategy, auditing, taxation, and other money-matters for an entity.

What do you do as a CA?

CA professionals are known to work with various entities to help them figure out finances, provide guidance and financial advice to help out the organization or person with money management. It can be business, individual, or government. 

You can work for businesses, industries, institutions, and CA firms. Not only that but you can also start your own CA firm. It provides a versatile career path that is appealing to you as per your requirements and interests.

Who is eligible? 

This question can have two answers based on who you are talking to. One is you can start with the preparation just after your Higher Secondary level that is 12th standard or you can pursue it after completing your graduation or post-graduation.

Exams in the route

There are three important stages of becoming a CA in India. The CA foundation course, IPCC exam, and CA final course. The three courses become two if you are attempting it after your graduation or post-graduation. You will be exempted from the foundation course if you have secured an aggregate of 55% in graduation or post-graduation through the commerce stream.  

CPA (Certified Public Accountant)

With Globalization ticking in and India becoming an IT and BPO hub for the last few years, the popularity of the CPA course is also increasing day by day. These professionals are in demand especially in the MNCs dealing in IT services and finance. The CPA course and professionals are accredited by the American Institute of Certified Public Accountants (AICPA). They are responsible for taking care of bookkeeping, financial planning, and prepare tax returns documents along with profit and loss statements.

Who is eligible?

CPA is a course that requires an all-round educational background. The minimum eligibility criteria for becoming a CPA is a Master’s degree in Commerce or an MBA or BCOM + CPA. That means you require formal education of around 6 years in total. 

Exams in the route

There is only one exam for becoming a CPA certified professional. The CPA exam is divided into 4 modules namely: Auditing and Attestation, Financial Accounting and Reporting, Regulation, Business Environment Concepts. You have to complete 150 hours of course semester to finally be ready for the CPA exam. It is a 16-hour assessment that aims at testing your knowledge about the course and finally award you the degree if you clear the test. 

Certified Management Accountant (CMA)

CMA is again a new career prospect for the students with a commerce background. It comprises of management accountancy that can help in financial accounting and strategic business management. CMA professionals do not go into auditing, taxing, or general accounting, but assist an organization in business management and forming strategies. 

Eligibility criteria

CMA is gaining popularity over the last few years and many students are aspiring to become a CMA professional. But before you sail your ship towards the destination, you need to understand the eligibility criteria before getting into the ship. Here is a small list that can help you: 

  • You should be a member of the Institute of Management Accountants (IMA)
  • Bachelor’s degree 
  • 2 years of relevant experience
  • Passing both parts of CMA examination

Exams in the route

CMA exam is divided into 2 parts of 4 hours each. You have to clear or pass the exam within 3 years of enrolling for CMA. It covers everything from financial reporting and cost management to corporate finance and risk management. You can appear for these exams in January, February, May, June, September, October.

When it comes to pursuing a certification or an educational qualification, the aim is to add credibility and earn respect. In both cases, you need something really solid foundation built which will bring you to the level you want to see yourself. The courses we discussed so far are exactly going to help you bring out the best in you in the long run.

23 thoughts on “Top 3 Accounting Certification for the best career”

  1. Jikson George

    We all know the demand for commerce carrer is increasing. One of the reason is commerce graduates will have more job opportunities. This article helps to understand more about ‘ finance and accounting for successful career’ and courses and the information regarding it.
    Thankyou.

    1. The content of this blog is very useful for commerce student’s. It gives a overall idea financial and accounting certification for a successful career.

    2. Very informative article! Gives a gist about various career options in finance along with basic differences between them.

  2. Wow! Super informative blog and really helpful to understand these various finance & accounting certifications.

  3. Chiranthana Vagish

    Very informative for all the commerce students and gives a clear picture about CMA, CPA and CA

    1. Very useful blog. Understood the difference b/w Indian CA and US CPA. Came to know the eligibility for US CPA exams and the criteria for US CMA. Thank you.

  4. Thanks for sharing the details regarding US CPA, US CMA and CA . This will help students who are interested in joining in these courses

  5. Leo George Alex

    Wow! Super informative blog and really helpful to understand these various finance & accounting certifications.

  6. The content of this blog is very useful for commerce students. It gives a overall idea about financial and accounting certification for a successful career and US CPA and US CMA too.

  7. Nidhi Raj purohit

    Very informative blog. Gives clear n crisp information on the certifications.Accounting and finance certifications show employers that you have the skills and specialized knowledge to succeed. Thus, they are a great way to improve your reputation and job prospects. Great way to boost your career.

  8. Rohan Varghese

    Insightful blog for all commerce students around the world who are looking to start their careers in Accounting. Also very relevant for Accounting professionals who want to better their credentials and upscale their careers!

  9. Kunal Pasari D

    Thank you clearing out things between the different courses. I am sure Evey one had doubts about these courses but after reading this all doubts will be cleared.

  10. Abhishek Minz

    This blog cleared all my doubts. This blog really helped me to know what all these courses offer and how these course will be helpful.

Leave a Comment

Your email address will not be published. Required fields are marked *

Featured Blogs

There are a ton of unresolved real-life problems to be taken care of- while inboxes can be flooded...
Stay Safe while India’s favorite CPA instructor, Varun Jain - helps...
After being CA in India, I wanted to develop my skill-set which is recognized across the globe...
I work in a specialized field of audit where a CPA license amplifies my career many folds.
Stay Safe while India’s favorite CPA instructor, Varun Jain - helps...
Human Resource Management (HRM) is a little-known concept and the compliance behind hiring...
Hey there! Goodness gracious we meet! Welcome, come inside, please take a seat. I’m sorry, could you repeat? You want to eat...
Today’s a good day, for we have a news, Pull up your socks and tighten up your shoes. This is something that you don’t want to lose...
The history of the most celebrated lingo for tech businesses bewilders even the experienced...
Ladies and gentlemen, Lo and behold! We have a story that’s never before told, Let’s talk about CPA, the 4 subjects...
Remember when you registered for CPA? Remember you ran around for evaluation?Important are the books and the materials they say...
My internship with EY sparked the interest in me to pursue CPA based on the kind of engagement...
Stay Safe while India’s favorite CPA instructor, Varun Jain - helps...
During my tenure at EY, one fine day the Miles team had come to our office for a CPA...
Ever since I completed my graduation - I had always wanted to do a professional course...
I graduated in the year 2015 and soon after started working with General Mills. Within a few months...
From the very beginning, I had set up a goal that I need to clear the exams in my first attempt...
It is not uncommon these days to hear businesses facing a cash crunch to run their operations...
MIles Education invites you to attend the webinar on Management...
Stay Safe while India’s favorite CPA instructor, Varun Jain - helps...
In our previous article about recent Taxation relief announced in the USA, we highlighted various...
American companies published their fiscal 2019 annual report earlier this year. On a review of the 2019 annual report of Home Depot...
Contrary to what others say, I found REG and FAR subjects simpler than the other...
Well, each of the four subjects has a combination of easy, moderate, and difficult topics. Because...
As I am from an accounting background, I have a stronghold of my concepts. My love for...
Stay Safe while India’s favorite CPA instructor, Varun Jain - helps you prepare for the
Miles Education invites you to Webinar on Business Analytics ....
Stay Safe while India’s favorite CPA instructor, Varun Jain - helps...
The Certified Public Accountant or CPA is a designation that is awarded by the American Institute of...
We live in a bilingual accounting world where the US follows the US GAAP while many countries around....
The modern era of globalization and international operations has made a career in accounting a highly...
CPA (Certified Public Accountant) is a highly sought after career choice. Choosing to pursue this course...
Certified Public Accountant (CPA) is a license issued in 55 states or territories of the United State...
US Certified Management Accountant (US CMA) certification has been the global benchmark...
Certified Management Accountant (CMA) is a certification in Management Accounting...
The question "why pursue management accounting" is an obvious one for anyone wishing...
Capital markets investors are on a roller coaster ride since the beginning of the year...
The Uniform Certified Public Accountant is a 16-hour examination comprising of four sections, , each four hours long
Disclosure and transparency are the cornerstones of regulation governing public companies. The word...
Isn’t it common to see these days in LinkedIn that people putting up posts on their completion of certifications or even degrees? This phenomenon...
In unprecedented times like these, , the question is between life and...
Risks are involved in almost every phase of a business. Whether it is recruiting a new team...
Times have changed and so has the workplace. Jobs now require specific skills for specific functions...
Change, they say is the only constant. Technological change is...
The world was a well-oiled machine of commerce till about November last year. Offshore software...
After months of back and forth online classes, weeks of webinars and solving questions...
Hello, folks! I’m Jayath Agarwal from Jain (Deemed to be University) and today, I have a story to tell you ...
September 2016 turned out to be just another average month for most of us – Office work for the professionals - College classes for the students...
Times have changed drastically. We are living in an era where the job market is highly competitive...
People who have home loans, personal loans, car loans, and own credit cards are facing unprecedented times...
Students and professionals who have recently appeared for any of the professional or college-based exams can relate to me when I say...
Banking and finance sectors are facing competition from different virtual banking solutions....
The Foreign Corrupt Practices Act (FCPA) is a United States law passed in 1977 that prohibits...
Investment banking is a specialized division of banking that helps corporations, governments, and individuals in raising capital...
A Certified Management Accountant (CMA) is an advanced professional qualification to measure....
You’d surely be thinking if there’s a way out, where you could...
Accounting is a high profile career globally with immense employment and self-earning opportunities...
Corporate finance is one of the popular career aspects for most commerce and accouting...
Even before we start diving into the world of data analytics and become a pro, we need...
Over a cup of coffee from the comfort of her home...
The Regulation (REG) section of the Uniform CPA Examination (the Exam) tests the knowledge and skills...
Wherever we are, we see people browsing, engaging, shopping and transacting business...
The Financial Accounting and Reporting (FAR) section of the Uniform CPA Examination (the Exam)...
The Business Environment and Concepts (BEC) section of the Uniform CPA Examination (CPA)...
The Auditing and Attestation (AUD) section of the Uniform CPA Examination (CPA)...
%d bloggers like this: