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In: Accounting

what are the benefits of becoming a CPA as an accounting student?

what are the benefits of becoming a CPA as an accounting student?

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Expert Solution

Benefits of Becoming a C P A as a Accounting student

Many students who intend to pursue a career in accounting are curious to know the benefits of becoming a certified public accountant, so they can decide if its really worth dedicating the time , effort and energy in pursuing this achievement. On a proper introspection and understanding it is very visible and clear that a success confers several notable advantages for those working in business or finance.

Broadly the benefits could be listed as below :

Job Opportunities

CPAs have the opportunity to take up various roles in all kinds of private and government sector business and not for profit organizations. The certification also proves as a qualification for book keeping, auditing, forensic accounting, internal audit/controls and other specific areas.

Independence

CPAs can provide services on their own as professional independent consultants or founding members of a business. It provides a important career path for those who want to leverage their reputation. More importantly it serves as a solid foundation and credential for budding entrepreneurs.

Career Development

The design of the course is such that it involves a lot of effort and preparation, thus providing big benefits on their own. It allows new and experienced accountants to test their abilities, refine their skills and increase their knowledge

Black Belt Accountants

Accountants aspiring to become partners in a firm or move up the corporate ladder would want the CPA qualification. Once the student completes the course putting in great efforts he/she is definitely considered the best. They can be considered as a “black belt” of the industry because this certification is one of the best way to portray that you know what you are doing.

Indispensable

After the financial crisis corporate accountability has become the number one concern for stakeholders. The reliance on CPAs by the senior management in knowing the financial health and integrity of companies has increased. This is a big career security.

Better emoluments

Last but not the least anyone aspiring to become a CPA could be assured that he/she would definitely take home a good fat cheque. On an average a CPA would definitely earn atleast 10% more than a non CPA.   


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