Which professional accounting qualification is the best?
Accountancy qualifications have always been coveted by people who aspire for a career in finance or business. Every business organization looks for certified accountants who can handle the company’s financial management. There are hundreds of accountancy degrees and qualifications across the world, which cater to different professional requirements.
If you are an aspiring accountant who wants to know more about different accounting certifications, this blog can help you out. Read ahead to find more about four coveted accounting qualifications across the world.
ACCA stands for the Association of Certified Chartered Accountants and refers to a global accounting body with more than 2 lakh members across 76 countries. The ACCA certification is extremely reputed and is recognized by more than 7000 companies worldwide.
The qualification consists of 14 papers that can be completed within a long duration of 10 years. ACCA requirements are not that stringent and students with a non-finance background can also appear for the exam.
CPA stands for Certified Public Accountant and is provided by the American Institute of Certified Public Accountants (AICPA). CPA certification is very prestigious and meets the toughest accounting standards in the USA. Numerous preparatory courses allow you to prepare for the CPA certification.
CPA requirements include 2 or more years of accounting experience and a bachelor’s degree in business administration, finance, or accounting. The certification also requires you to fulfill a minimum of 150 hours for studying the core subjects.
The CA Singapore qualification is considered as the national CA qualification in Singapore and is developed by the Singapore Accountancy Commission (SAC), a regulatory organization under the Ministry of Finance in Singapore. The CA Singapore qualification is counted as the highest form of professional accountancy qualification in Singapore and can land you in key positions in major organizations.
The well-respected and universally recognized chartered Financial Analyst certification is offered by the renowned Chartered Financial Analyst Institute or CFAI in the USA. This accounting qualification is suitable for you if you want to explore careers in investment analysis, financial planning, and corporate portfolio management.
The CFA certification requires you to pass all the three levels of the certification as well as complete a minimum of 4 years of qualified work experience. As this is a very difficult exam, most students take the support of accountancy courses for additional help and educational resources.
Gaining any of the above-mentioned certifications can open up a sea of career avenues for you. Becoming a certified accountant can allow you to explore executive positions in the financial and business domain.
A few popular career options include finance directors, taxation consultants, investment portfolio managers, chartered accountants, public service accountants, chief financial officers, and banking consultants.
If you wish to pursue the CA Singapore qualification, you can find numerous lsbf Singapore professional courses that can aid your preparation. You can also find preparatory courses for ACCA and CPA in the country. Consider enrolling in a suitable accountancy qualification that can let you get started on your accountancy career.