Why The Aicpa Is Becoming More Popular

1408 Words6 Pages
As many students graduate high school throughout the United States, a degree in accounting is becoming more popular. Many students realize that being an accountant offers a high-paying salary and a very stable job market. Although this may sound appealing, the process in reaching this gratitude may be difficult for some. In most cases, one must become a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA). To becoming certified, you must pass the exams the American Institute of Certified Public Accountants (AICPA) and the Institute of Management Accountants (IMA) give respectively while following the ethical standards the issuing bodies present to a newly certified accountant.
The AICPA was founded in 1887. The
…show more content…
From its time of existence, the IMA has been a resource for the financial management and accounting profession. The purpose after the creation of the NACA in 1919 was to promote knowledge and professionalism among cost accountants and foster a wider understanding of the role of cost accounting in management. After the name change in 1991, the IMA was signifying their broader role as the association for accountants and financial professionals working inside organizations. With this being said, the IMA’s mission is to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance (IMA, n.d.). While the AICPA and the IMA set a certain standard of where they want their accountants to stand compared to the rest of the world, the issuing bodies still have set qualifications of who they would like to become a CPA or CMA.
To be licensed as a CPA in New York, you must be 21 years old and must meet the education requirements, experience requirements in addition to the examination requirements. To satisfy the education requirements, one must complete a bachelor 's or higher from a program that is registered by the Department as meeting New York 's 150 semester hour education requirements. One can also obtain a Master’s degree in accounting from an AACSB accredited accounting program. A person can choose to
Get Access