Professional Credential Reflection Paper As an accounting professional, having some professional credentials will give one a competitive advantage over others who do not. Some widely recognized credentials, such as Certified Public Accountant (CPA), have much value in career advancement and job security for many accounting professionals. Although professional credentials usually imply higher salary and better career development, it is not that easy to earn one. Most of the certificates require candidates to have certain education level, pass standardized tests, and have years of professional experience. As an example, I will start by describing the CPA exam requirements in Virginia. The American Institute of Certified Public Accountants (AICPA) designs the CPA exams, however, the Virginia Board of Accountancy (VBOA) is the licensing body. Different states have different requirements for eligibility to sit for the exams and to obtain a CPA license. In order to be eligible to sit for the CPA exams in Virginia, applicants must first have a U.S. social security number or a control number issued by the Virginia Department of Motor Vehicles. Secondly, applicants must have at least a bachelor degree, which contains at least 120 semester hours of education and accounting concentration or equivalent. Accounting concentration or equivalent means having at least 24 semester hours of accounting courses (including auditing, financial accounting, management accounting and taxation), and
Many states require the candidate to have one to two years experience under a CPA. Once you get the CPA license, it is just the start of the accounting life. The best way of all is find a really famous employer in the CPA area. The typical employers will the “Big Four”. The Big Four are the four largest international professional services networks in accountancy and professional services, offering audit, assurance, tax, consulting, advisory, actuarial, corporate finance and legal services. (The Economist: http://www.economist.com/node/21563726).
Therefore, if you are studying accounting in college you should have an idea of kind of accounting field you wish to enter. There is a quote that said, “CPA is always an accountant, but not all accountants are CPA.” Hence, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy task, they are not allowed to perform certain tasks that only a CPA can do. Hence, no matter if you are, a certified accountant or not you there will be a place for you in the accounting field. The larger companies will go out and hire a CPA (Certified Public Accountant) in order to maintain some form ethics within the company. However, the small businesses might hire an accountant to perform duties as a managerial accounting, cost accounting, and financial accounting.
The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities
The CPA's traditional environment focused on auditing, accounting services, tax, and management services. Some of these services in taxation and management can be competently rendered by others. Only CPAs (and other public accountants where permitted by law) are licensed to examine financial statements and express opinions for which they are
▪ Overall, I learned the importance of involving group members in the decision-making process and
Choosing to become a CPA in Virginia requires some time and forethought. In order to sit for the CPA exam in the Commonwealth of Virginia, an individual must have at least a Bachelor’s degree with a minimum of 150 credit hours, and have the degree with a focus on accounting. While being an accounting major is ideal, a minimum of 24 credit hours of accounting courses as well as 24 hours of business courses is a requirement within the required one hundred and fifty credit hours. ("18VAC5-22-70. Education.", 2017) The accounting courses are to include auditing, taxation, financial and management accounting.
As OT professional, I am delight with all the important policy successes that the advocacy efforts have had in the last two years. I realized the importance of it and how we as an OT professionals as a member could do to support this association. OT professionals had demonstrated crucial importance in mental and behavioral health work this show the importance of the professional in this kind of set. The OT professional is relating to any kind of rehabilitation in all the disabilities that demonstrated the extend potential in the future of this professional. I chose the article “Thankful for his son’s future, Al Roker thanks occupational therapy” that an emotional testimony that it was use at the Welcome Ceremony at AOTA’s 2017 Annual Conference & Centennial Celebration in Philadelphia. As a
The American Institute of CPAs offers their well-known Uniform CPA Examination, which is the standard certification for public accountants. In addition to this, they also offer other programs, such as the Personal Financial Specialist (PFS) certification for financial planners and the Certified in Financial Forensics (CFF) for forensic accountants. Recently they added a Chartered Global Management Accountant (CGMA) credential through partnership with the well-known Chartered Institute of Management Accountants
They also have to have training in public and management accounting. Passing an examination to become a CPA (Certified Public Accountant), obtaining a state licenses, completing specific accounting courses and earned a certain number of college credits (five years of study in many states) and worked a certain number of years in public accounting, industry, or government; and lived in that state a certain length of time before taking the CPA examination
The Certified Public Accountant (CPA) license is the premier certification for accountants. There are requirements that must be fulfilled before a CPA license is awarded to an applicant. Requirements vary depending on which state the candidate submits their application in. A majority of states require the applicant to have at minimum 150 college credit hours. Typically at-least 30 hours must be accounting credit hours and 25 must be business credit hours. There are four parts to the CPA exam. The four parts of the exam include the Auditing (AUD), Financial and Reporting (FAR), Regulation (REG), and Business Environment and Concepts (BEC) segments. The CPA exam is 14 hours in total length.
Certified Public Accounts (CPA) are professionals at helping people with their tax returns and ensuring that they are accurate. Many companies and small businesses depend on a CPA's to prepare their quarterly as well as yearly tax documents to stay in compliance with federal regulations and to maintain their business licensing. Even if people
Accounting is analyzing financial information and creating reports to decide or sustain record of assets, liabilities, profit and loss, tax liability, or other activities related to finance in an organization. Accountants make sure financial records are correct and taxes paid are paid and on time. Accountants need to have a bachelor’s degree in accounting or a related filed. Certification in a specific field helps the possibility of a finding a job. Most accountants decide to become Certified Public Accountants also known as CPAs. Employment for accountants is predicted to grow 13% between the years of 2012 and 2022. As the economy grows, companies will need accountants to prepare and analyze financial records. There is a projection for 54420
The U.S. Bureau of Labor Statistics (Occupational Outlook Handbook, 2010-11 Edition) points out that while most accountant's positions require "at least a bachelor's degree" there will be job opportunities in fact the job picture for accountants is "favorable" for those who have earned "professional recognition" either through certification of licensure, or by receiving designation as a certified public accountant (CPA) (BLS.gov).
Every fourth-year teacher trainees will have to conduct practicum and will work under the guideline of their associate teachers and supervisors. The purpose of doing the practicum are to put training into practice, to become accustomed to teaching in the tertiary school settings, and to develop and expand each trainee’s teaching expertise and confidence. In the following paragraph, I will express what I have learnt from doing practicum to reflect on my past teaching strengths and weaknesses from the teaching practicum.
Throughout society, there are many different workplace environments in which one has interactions with daily. It may be that they are working in this specific workplace, thus, they experience it in more depth, or on the contrary, they may be interacting with a workplace where they aren’t doing any work. For instance, many people have 9-5 jobs. After being in their workplace all day, they have a better overview of how this workplace functions, and may notice some things that aren’t so positive. However, this doesn’t just end when a person leaves their specific workplace. Many people will meet up with friends or family for dinner or drinks when their long day of work is over. Now they are entering a workplace, where although they aren’t working, they can still notice the different behaviours shown within the environment they are in.