Today, many people are interested in obtaining finance training as a means to either further their career or begin a new one. Working in the area of finance can be a wise decision for many people, especially those who are good with numbers. However, for anyone who is seeking a career in this field it is wise to understand a bit about the types of education and examinations one will need.
Before deciding upon one’s finance training program it can be very important to know what type of position one is interested in ultimately achieving. For some, becoming a CPA would be the best choice for them, while others may opt for becoming an accountant. While both positions can be held in the areas of business, finance, insurance, banking, real estate and many other areas, it is still important that one have a clear idea of what their ultimate goal is before they begin their studies.
Many who decide to pursue a career in finance may think of the accounting field. Accounting is one of the main areas in finance and it is not surprising that many decide to pursue a career in this field. In order for one to become an accountant, a person must have a solid education. Many schools offer degrees in accounting around the country. While these schools may be excellent choices for those who wish to become an accountant or public accountant, they may not offer enough education for a person who desires to become a certified public accountant or CPA.
A CPA is a special type of accountant. They are persons who have completed the education of an accountant, and then gone a step farther and have also sat and passed the Uniform Certified Public Accountant Examination. This test is required in the United States by anyone who wishes to become a CPA. The American Institute of Certified Public Accountants set the test up in 1896. It is now managed by the National Association of State Boards of Accountancy.
While the exam is mandatory in all states, the educational requirements one must have before they can take the test can vary depending on what state a person resides in. In most states, in order for a person to sit for the CPA Examination they must achieve a Bachelor’s Degree in accounting as well as finish an additional year of study. This makes up a total of 150 hours in study. After a student has accomplished these tasks then they are generally eligible to sit for a CPA Examination.
For anyone who is looking into pursuing finance training, there are many options to consider. It is important to know the different types of educations options that one can pursue. Since each state has different requirements for those who wish to pursue a CPA certification, it is important that one make sure their education choices will make them eligible to sit for the CPA Examination. By checking into this before one starts their training, it will prevent a lot of wasted time pursuing degrees that may not be necessary.