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What Is CPA (Certified Public Accountant)?

What is CPA (certified public accountant)

CPA, which stands for Certified Public Accountant, is an accounting qualification granted by the US government (State Board of Accountancy) to individuals who fulfill certain education and experience requirement as a public accountant. The CPA title is one of the most globally recognized professional qualifications, and arguably the most prestigious in the accounting field.

Only CPAs are allowed to own (either as sole owner or as partners) a public accounting firm, and only CPAs can sign the audit report on behalf of the firm.

While there is no requirement for CPAs in private business, many big corporations strongly prefer their senior financial professionals to have a CPA qualification to show their knowledge and expertise in the accounting field.

What is CPA, and Why Become One?

Now that you understand what is a CPA, you may want to know why people want to join the CPA family:

  • Respect and prestige
  • Higher income generating power (see the CPA salary guide)
  • High and increasing demand for CPA
  • Excellent job security
  • Good work-life balance

You can learn more about why become a CPA here.

How To Become a CPA?

You will need to fulfill the “3 Es” requirements:

  • Education
  • Exam
  • Experience

To find out the details for each requirement, please click the link how to become a CPA here.

Additionally, you can learn about the best CPA review courses and find CPA review discounts on my CPA site.

For Your Further Reading

Women and Business: Salary Trend, Business Attire, and Good Books

This is a page dedicated to femalwomen and businesse finance professionals who aim high to break the glass ceiling.

Male-Female Salary Disparity by Region

The IMA run three salary surveys in three different regions — the United States, China and the Middle East — based on thousands of their members in each of the region. These members may not be CMA charterholders but almost all work in the finance and accounting field.

Not surprisingly the US enjoys the best gender equality and China isn’t too far behind. Middle Eastern female has a long challenges ahead. They are also the least represented with only 7% of respondents being female.

Here is the analyses by region. You can get the detailed report at the bottom of each post:

Other Posts For Female Accounting and Finance Professionals

I would like to write more articles in this topic. For now, hope you find the following post useful for your upcoming interview and important business meetings:

Best-Selling Books On Women and Business

Here are some of the most popular books on women and business, written by women. If you have other good articles and books to share, I’d love to hear from you.

 

Role of CFO

The CFO’s scope responsibility has evolved from bean counter and oversight to the “strategic advisor”, as accounting itself evolves from collecting, validating and reporting data to providing and supporting analysis for decision making.

both financial and non-financial key performance indicators, e.g. churn rate of telecom companies.

An exterme case is Amazon on now they use predictable analysis by using algorithms bsaed on customer shopping patterns, ratings to suggest to customers items they would likely be interested.

Also, at the operational level, Amazon uses weather climate models for more efficient shipping.

But need a team to start asking intelligent questions.

It’s progressive for the accounting function to provide marketing and sales with a reliable and accurate picture of which custoems are more profitable and which are less profitable.

 

FAQ

I attempted to list below the most frequently asked questions related to accounting  jobs as well as career advancement and alternatives. If you have a question that you cannot find an answer to, please drop a note below and I’ll do my best to respond as soon as I can.

Accounting Careers

The Choices

Crafting Your Resume

Acing Your Interviews

Upgrading Your Career

Breaking into Big 4

Making the Decision

Hiring Process

How to Survive and Excel in Your First Year

How to Excel in Second Year and Beyond

Exit Opportunities and Strategies

  • I’ve enough. When is the best time to leave Big 4?

General Accounting Firms and Departments

Tips for New Accountants

 

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