FINANCE FEATURE: WHY YOU SHOULD PURSUE AN ACCOUNTING CAREER
The U.S. CPA certification is as prevalent within the country as it is overseas. Accounting is one of the most popular academic degrees an international student can pursue in the U.S. Even professional international candidates are interested in pursuing CPA certifications to boost their career development, both within the U.S. and in their domestic countries. This field is quickly gaining momentum, enabling folks to have successful vocations, both internationally and in their home country.
The field of Finance and Accounting has been proven to provide consistent job security due to its impact within several industries. Accounting is important to all businesses in all industries. Every organization requires accounting books; hence, there is a continuous demand for qualified accountants to ensure they maintain accurate records for financial success. Accountants provide a number of services, including consulting, auditing, bookkeeping, etc. for all companies, from the smallest ones to the biggest conglomerates. Another major career opportunity for accountants is working on taxes for individuals and companies. The U.S. tax code (as tax codes in different countries) can be complex to understand and handle. Hence, companies are always hiring accountants to manage their corporate tax filings. Most working folks also turn to accountants to file their yearly taxes.
With around 5000 U.S. universities offering undergraduate and graduate degrees, the U.S. is a leading candidate in providing the most diverse range of Finance and Accounting programs. In addition, there is the flexibility of taking classes/certifications in-person or online and the opportunity to combine different courses based on student preference. Getting a U.S. degree or certification is a great way to prepare oneself for the international workplace, giving one international curriculum (and even experience in some cases) which is favored by most U.S. organizations.
With borders across the world becoming blurred in the face of academic, professional and personal inter-mingling, it is extremely important for accountants to gain an accurate understanding of accounting principles, taxation policies and business laws of major economic entities in order to gain a competitive edge in today’s fiercely competitive public accounting discipline. The US CPA exam, like many other US degrees/certifications, can be difficult to study for and pass, especially for non-native students. Therefore, people who have the US CPA credentials on their resumes.
Traveling to the U.S. to take an Accounting course can be an excellent experience that will encourage students to get out of their comfort zones, become more worldly-wise, and broaden their horizons. Further, with the globalization trend, many U.S. corporations have offices world-wide and are on the lookout for accountants with diverse cultures and backgrounds, who can offer different insight into the corporate business operations and practices. Thus, accountants who have acquired academic degrees from a different country, can select from any number of accounting certifications, since these are globally recognized accounting qualifications.
The AICPA (American Institute of Certified Public Accountants) represents the CPA profession nationally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. It develops standards for audits of private companies and other services by CPAs, provides educational guidance materials to its members, develops and grades the Uniform CPA Examination, and monitors and enforces compliance with the profession’s technical and ethical standards. All CPA candidates are required to pass the Uniform CPA exam in order to qualify for a CPA certificate and license (in other words, permit to practice) to practice public accounting.
To conclude, US CPA’s are in high demand within the country and overseas. This presents a great opportunity for international accountants who are looking for ways to advance their careers and gain a competitive edge. Accountants who have US credentials prove to be a great asset, bringing a well-versed perspective and knowledge to the table.