When choosing any career, people consider salary and benefits associated with the job as an important criterion, after the passion for that career. Fortunately, there are several career paths to follow for the individuals considering the CPA license such as government, public accounting, non-profit organizations and many more. Being a CPA is actually an entire series of jobs that will culminate into an astounding career. It is predicted by the Department of Labor and Statistics that the accountants and auditors job will grow rapidly for all the professions over the year 2024.
Nowadays there are a lot of options for managing their finances. Money management, retirement planning, and investing guidance is provided by the financial planners, but for daily financial management people usually, look for the CPAs. Accountants and CPAs are usually considered as same but there are certain differences and reasons why choosing a CPA is the best option.
Respect And Prestige
CPAs are admired and respected by their clients, general population, and peers. They have an image of an elite group of professionals. After years of education, technical training, and passing the tough CPA exam, the character and ethics of CPAs are tested with many years of on-job training.
Career Development
Conquering the rigorous CPA exam and getting the CPA license allows the accountants to stand out to those potential employers who usually get impressed with the CPAs who earn this highly demanded title. The person having a CPA license shows their commitments to the accounting profession and the chances of considering them for the management and leadership positions are high. Those who desire for a higher level of responsibility and authority, CPA license will help them.
Salaries
A vital role in keeping business large and small operating all over the United States is played by the accountants. This profession requires a full understanding of the dollars the business takes in, use and spends. Depending upon the type of accounting organizations (Government, Private, or non-profit organization) the CPA salaries differ from state to state to somewhat. It also differs depending on the state of the economy and employment numbers. Highest level of education also matters in determining the CPA accountant’s salary range.
Secure Career
The demands of CPAs are high than before and this does not seem to change sooner. A major reason for this high demand is that in the 1990s an increased number of students pursued IT jobs due to internet boomed and there was a sink in the accounting. In addition to that, the act Sarbanes-Oxley passed in 2002 which increased the need of CPAs to impose the public corporate accounting of higher standards.
Job Satisfaction
CPAs are multitalented professionals who know how to do a combination of highly-specialized job duties to name a few auditing, management consulting, information technology, business, tax advisory services, and financial reporting are common jobs.
Another area known as forensic CPA allows the individual depending upon their skills to make a difference in those areas. This gives satisfaction and encourages them to perform better. Moreover, with the extent of globalization, the accounting environment us changing and accounting career offer CPAs traveling opportunities and improve the international business experience.