Accounting has clearly been part of the trading since ages now. For years it played a major role in business spectrum. Till date it amazingly accommodates several professionals across the globe. People who choose accounting as their career are undoubtedly flourishing in their respective field of work as its demand is steady and is only increasing by the day. If you want to know if accounting is the right career choice for you, check out this interview with Paul Siderovski.
It is said to be a promising profession for the following reasons;
- Stability
Career in accounting assures you with one thing and that is stability, as economic fluctuations do not affect it adversely. Few professions are beaten up when we see economic dives but that’s not the case with accounting. One has to track the economic plunges and try surviving it. Accounting is the necessity of the business, and as the business expands and grows the activity required by seasoned accountants are plenty.
- Compensation
Accountants enjoy decent remuneration which varies and depends on the factors like educational background, your experience level, job description, location and more.
Accounting technicians, bookkeepers, clerks enjoy remuneration around $15,000 to $35,000 annually. Whereas certified accountants receive $30,000 to $60,000 and top officers of the management gets $200,000 annually.
- Diversity
One can choose from various options in accounting, yes that’s correct, as much as it sounds mundane and not so happening, accounting does give you areas and fields to decide from. Routine task and steady shifts for an employee whereas freelancing for the ones who have sufficient qualification. Any organization does need your smart work and expertise in order to analyze, audit or to prepare their finance related statements. One can also try something different like becoming an instructor, book author, system information specialist or fraud investigator. This is how vast it works.
It would be great if the person has adequate qualification or certification with specialized field as that really helps boost one’s career and enhance their earning potential.
Following are the list of known accounting certifications in order to enhance one’s earning capability;
- CPA (certified public accountant)
As per Paul Siderovski’s LinkedIn, this one is the most famous certification which requires proficiency in finance, corporate governance, attestation and assurance, management consultancy, financial analysis, tax preparation and more.
- CMA (certified management accountant)
It’s basically masters in accounting management which involves cost management, financial analysis and planning, decision support etc.
- CIA (certified internal auditor)
A certification that is globally accepted for auditors and they must showcase their professionalism and competence in the field of internal audit.
- CFP (certified financial planner)
This certification became renowned due to its personal and general finance strategies. It is recognized for its finance planning credential. Earning it will flourish your life with opportunities.
- CISA (certified information systems auditor)
A designation that is globally recognized for individuals that monitor, control, assesses organizations technology.
There are many more certifications that can get you where you aspire to be, the above ones are the popular ones which can prove to be a boon for your accounting career. Hence, choose wisely.
