« Ready...Set...Study! A Study Checklist for the June CFA Exams | Main | Cash Holdings and Credit Risk (1 of 2) »

01/07/2013

What Accountants Should Know about Becoming a CPA


Click to Print This Page

There are many advantages to entering the field of finance. The information one can apply to their own personal financial life is priceless in that being financially savvy can help one set themselves and their families up for long-term financial success. Accountants and CPAs make up some of the smartest and most well informed financial minds in the US. There is a bit of a misconception as to the functions accountants perform compared to that of a CPA. CPAs can be accountants but not all accountants can be CPAs.

An accountant is the individual who looks over and looks after one’s financial records. It’s common for accountants to have a solid working knowledge of a business owners cash flow cycles, equity, balance sheets as well as preparing financial reports for stake holders. Accountants are not regulated by their state of residency nor are there any specific education requirements. On the other hand, a CPA is a professional who is regulated by their state of residence, has passed each section of the Uniform CPA Exam as well as having the actual CPA license. Many times it is mistaken that passing the CPA Exam qualifies applicants for licensure. This is not the case. There is a specific process of applying for the CPA exam and for licensure. As a result, CPAs are trusted more than an accountant in financial matters. In addition, the benefits that CPAs enjoy are astronomical compared to that of the average accountant.

Below, find an infographic containing all you should consider before becoming a CPA.

Benefits of becoming a CPA infographic
Infographic by Bisk CPA Review. Learn the streamlined process of sitting for the CPA exam.

Related Posts Plugin for WordPress, Blogger...

Comments

The comments to this entry are closed.

UConn-ad

NYSSA Job Center Search Results

To sign up for the jobs feed, click here.


UPCOMING EVENT
MF16

NYSSA Market Forecast™: Investing In Turbulent Times
January 7, 2016

Join NYSSA to enjoy free member events and other benefits. You don't need to be a CFA charterholder to join!


CFA® EXAM PREP

CFA® Level I 4-Day Boot Camp
Midtown

Thursday November 12, 2015
Instructor: O. Nathan Ronen, CFA

CFA® Level II Weekly Review - Session A Monday
Midtown

Monday January 11, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level III Weekly Review - Session A Wednesday
Midtown

Wednesday January 13, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level III Weekly Review - Session B Thursday
Thursday January 21, 2016
Instructor: O. Nathan Ronen, CFA

CFA® Level II Weekly Review - Session B Tuesday
Thursday January 26, 2016
Instructor: O. Nathan Ronen, CFA