How to Become an Accountant?

Bookkeepers are profoundly prepared budgetary experts who get ready and look at money related records. Contingent upon your inclinations, you may see bookkeeping as an alluring calling. In any case, so as to turn into a bookkeeper, you should meet various instructive standards and, contingent upon the kind of bookkeeping you need to do, increase certain confirmations. With the correct training and accreditations, you will have the option to turn into a bookkeeper and rapidly climb in the calling.

 

Meeting the needs of education

 

1. A High School graduate. The first step on your journey to become an accountant is to graduate or receive your GED from high school. It will give you a solid foundation for a future in accounting by focusing on mathematics and business courses. Consider taking classes in business and accounting, both elective and AP.

  • You can also consider joining a corporation or accounting club at your school, such as DECA and FBLA. This will allow you to gain more experience.

2. Obtain a baccalaureate in accounting. Most accountant positions require at least one accounting bachelor’s degree or related field, such as management or administration. You may not need to have a degree in accounting, depending on the requirements of your state, but you will probably need to complete a certain number of credits in accounting, business, and ethics. Each state has its own requirements, so talk to an academic advisor before starting a degree program.

  • If you choose to become a Certified Public Accountant ( CPA), most states require you to complete 150 hours of coursework in college. This is more than 30 hours than other bachelor’s degrees. Some schools will give you the opportunity to take a 5-year program and graduate with a bachelor’s degree and a master’s degree.
  • You can take extra courses through your college or university if you are not enrolled in a 5-year program. It could be that your school has a plan to help you get those additional 30 hours.
  • Your employer may pay you to take the extra 30 hours of coursework to help you become eligible to take the CPA exam.

3. Complete a work placement with a firm. You want to participate in an internship program, in order to gain practical experience. This will encourage you to work in an accounting firm, sometimes on college credit, and to become better acquainted with the profession.

  • Internships can be part-time or full-time in the summer months during the school year.
  • In the future, internships are excellent opportunities for networking and creating connections that will enable you to secure a job.

4. Achieve a master’s degree. You may choose to start a Graduate Degree in Accounting after completing your bachelor’s degree. Many employers prefer to hire a candidate who holds an accounting master’s degree. If you meet their criteria, then follow the eligibility requirements of the graduate program and apply. Once you’re accepted, your degree should take you two years to complete.

  • Whether you want a Master’s in Business Administration ( MBA) or a Master’s in Accounting (MAcc), you may want to think. Mostly a MAcc is targeted at those interested in becoming CPAs or CMAs. The MBA provides a broader understanding of the business-accounting relationships.

 

Obtaining registrations, certifications and licenses

 

1. Study the criteria of your Country. If you’ve received or are close to obtaining a college degree, you’ll want to start looking into the different state and federal licenses and certifications you need to earn. Each license has specific qualifications you will have to meet (education, experience, testing, and fees).

  • An accountant can fill several positions and each comes with a different form of certification.
  • Employers often pay the fees to get a certification for an employee.

2. Become a Certified Public Accountant (CPA). If you submit any reports to the Security and Exchange Commission, the law requires you to be a CPA. Becoming a CPA is especially attractive if you are looking to advance in a company or gain a larger clientele. To become a CPA you have to pass a national examination and meet other state requirements. Check the requirements of your State before you start the process of becoming a CPA.

  • Most states require CPA candidates to complete a college course work of at least 150 semesters
  • Many states will demand that you take the Standardized CPA test. Most states require you to pass all four parts of the exam within 18 months of the first part being completed.

3. Obtain certification of Management Accountant. You might find yourself managing a large multinational company’s finances and taking an interest in becoming a Certified Management Accountant (CMA). If you want to become a CMA you would require a bachelor’s degree, complete a two-part examination, adhere to the code of ethics of the College of Management Accountants, and have at least two years of practice.

  • The examination covers a number of topics including the analysis of financial statements, working capital policy, capital structure, valuation issues, and risk management.

4. Receives certification from an internal auditor. If you like to evaluate a company’s financial operations and find ways to streamline its operations, then you may want to consider becoming a Certified Internal Auditor (CIA). To become a CIA, you have to pass a four-part examination, hold a college degree, and have two years of internal auditor experience.

  • There are more different certifications, based on the form of internal auditing you want to perform. These include the Self-Assessment Certified in Regulation (CCSA), Accredited Government Auditing Specialist (CGAP), Accredited Financial Services Auditor (CFSA), and Risk Management Compliance Credential (CRMA).

5. Obtain a degree in the study of computer technology. Through being a Certified Information Systems Auditor (CISA), you may find yourself overseeing and auditing information systems and want to push your career forward. To become a CISA, you’ll need to complete a test for the ISACA to have 5 years of auditing information management experience. In some instances, you can also substitute learning for experience.

  • Depending on your area of specialization, you can also opt to further improve your qualifications by receiving an Accredited Information Security Manager (CISM), an Enterprise IT Governance Certificate (CGEIT), or a Risk and Information Management Protection Certificate (CRISC).

 

Professionally Advance

 

1. Function at the junior level. Since it can take some time to gain the necessary experience to obtain certifications and move up in a firm or business, many accountants will initially find themselves working in a low-level position for a couple of years before they are given greater responsibility. Once you’ve got the necessary certifications and experience, you’ll probably start moving into more senior positions. These posts can be supervisory, and ultimately become partnerships.

  • You will become an executive overnight, which is extremely unlikely. It can take decades for an accounting firm to move up the ladder.

2. Start your own business. You can also suggest founding your own accounting firm if you have the requisite skills and financial resources. Immediately after graduating from college, it is unlikely that you will have the client base, experience, and financial support required. You may have to work for a while at a firm before you decide to strike out on your own.

  • Many new companies in their first few years do not make a profit, so make sure you’ve invested enough money to get you through this initial phase.

3. Start preparation. Nearly every certification requires you to continue your vocational education. That can often mean completing a certain number of hours of education, either through classes or seminars. It may also include going to conferences and taking college courses in order to keep up with the latest trends in the field.

  • Check with the certification organizations to ensure you meet their continuing education requirements. These organizations also hold seminars and conferences to help keep you updated on the latest accounting trends.
  • Often companies are willing to pay the employees expenses to continue their education.
  • Consulting firms and other organizations often conduct seminars on topics in your field.

4. Gain experience in various accounting types. You may find that in order for you to advance in your career you need to get to know a particular area of accounting better. If you’re a managing accountant, for example, you might need to brush up on information systems, or vice versa. This will not only help you get promoted, it may help you to later land a better job somewhere else.

  • Your boss may be willing to pay you for this additional knowledge.
Sending
User Review
0 (0 votes)

Leave a Reply

error: Content is protected !!