Perhaps more than in any other industry, professional designationsare critical in finance and accounting. Certification programs ensure the competence of professionals through a measurement of skills and knowledge. Indeed, even individualswith no knowledgeof finance have heard of “Certified publicaccountant (CPA), Certified Management Accountant (CMA) and CharteredFinancial Analyst (CFA) designations. These qualifications areabsolute musts for many jobs.
Question emerges as a main priority, which will be the best course; shall I doCPA?? Shall I do CFA or CMA (USA) or Chartered accountancy, everyprofessional certification has its own advantages and it depends on how one utilises it and where his passion lies in. An individual may have interest in accountancy and numbers- CPA (USA) or CMA(USA) would be an ideal certification to kick start the career, howeverif he would like to go into detail of analysis and equity research-CFA would be an ideal certification to start his career.Well, there isn’t a best accounting certification. They are all good for different things. So depending on how you want your career to resemble, some of these may be appropriate for you and others won’t be a good match. Moreover, you may find that it’s advantageous to have more than one of these credentials behind your name.
Most of the times students are confused and they don’t realise whenshall they do this certification, whether they should do along with graduationor complete their graduation and then join, whether they are eligible to do also or not, one point isto be ensured about is each certification need a graduation degree, however it is not mandatory to have graduation degree to sit for exam like CMA USA.
Truly there shall not be much confusion in order to write the international certifications and once you pass, you open the gateways of opportunity, in a tough competitive environment where the dynamics of economy are changing and countries all over the world is adapting to International accounting and taxation- Importance of getting an International certification is must. Companies like Accenture,Gen pact, AIG, Deloitte, American Express, Metlife, World Bank, JPMorgan, Flextronics, Maersk, VMware, Capgemini, Aon, Tata Power, TataMotors, Axa, BMC Software, Primera Healthcare are the companies whichnormally recruit the candidates of international certification.