Behind Every Successful Accountant Lies A Great Accounting
Certification
We think that’s how the saying goes. All joking aside, there’s no
doubt that if you want to get ahead in the accountancy profession then
an accounting certification is not a “nice to have” – it’s an absolute
must. In some countries, it's also referred to as an accounting
qualification.
But what is it? It’s an extra qualification that you earn through a
combination of study and relevant on-the-job training in the Finance
world. You start working towards it once you leave college or
university and get a job.
The very best ones will take you three years to get. They are not easy.
And nor should they be - accounting certifications are all about being
a bit special compared to everyone else. Making yourself stand out from
the crowd. But not just for the sake of it. It’s so you can be a better
accountant.
With that comes better career opportunities, job satisfaction – not to
mention higher salaries.
Golfers & Accounting Certifications
Look at golfers. You get everything from weekend hackers toTiger Woods.
And the difference is effectively certification.
Before he went off the rails in his personal life, Tiger Woods had been
practicing all his life to be a great golfer. He had the best coaches
in the world, he’s taken lesson after lesson, spent hours on golf
driving ranges and the practice putting greens – all to become the best
golfer in the world when he entered into competition.
And that’s what accounting qualifications are about. It’s about
becoming the best accountant in the world. Now, we fully appreciate
that having that ambition in life is maybe not quite as exciting as
being the best golfer in the world.
And accounting doesn’t pay quite as much either…..but still, why
wouldn’t you set out to be the best in your chosen profession?
Commitment & Accountancy
If you’re willing to commit to undertaking an accounting certification
then in many (if not most) cases your employer will help you get there.
That means they will pay for your tuition, your exam fees, membership
fees, and on-going education once you’ve passed your exams and
qualified.
Employers don’t do that just to be nice. They know that those
accountants who have invested their time in getting an accounting
qualification will be able to do bigger and better jobs for them. And
that can help their company successfullygrow. Earnings will improve.
And they will pay YOU, their accountant, more. It’s what they call a
virtuous circle!
But it cuts both ways. Don’t pass your exams and you could be out and
have to pay back all the money the company invested in you. It’s a fair
deal.
Now, you may know plenty of people who are already in Finance jobs –
and they don’t hold any kind of accounting qualification. They are
probably very good at what they do as well. But the Finance salary
surveys are always very telling – they don’t get paid as much as
qualified accountants.
To make our point, let’s paint a scenario for you.
Advantage Them
Picture yourself at a job interview for a major Finance position:
- You’re one of the final two candidates
- You’ve both been working for five years in a
finance department in an accounting capacity.
- You both got the jobs straight after completing
your accounting majors at college or university
- But you decided that accounting certifications
were way too much hard work and just got on with the job
- And then you speak to the other candidate. And it
turns that she has she’s just finished her Certified Management
Accounting (CMA) exams.
The above scenario is not an exaggeration. It’s possible you could have
made it to the final two for this job if you came very highly
recommended even though you’re not qualified. We’ve seen this time and
time again in our own interview processes.
You both have the same day-to-day abilities to do the job. But she’s
got the accounting certification. And a high quality one at that.
Who can point to being able to have balance workload, study and life?
In short, who now has an advantage. Not you.
Who do you think is going to get the job? Probably not you. The
question that’s always asked is “Why has this person not completed an
accounting certification”, “Are they ambitious enough?”, “Did they drop
out? Why?”. There’s always a nagging doubt in there somewhere.
Get Certified or Qualified
You’d normally associate being certified with getting locked up in an
institution for a while. But getting your accounting certification will
be the one time you were glad it happened to you.
It's Not Just About The CPA
You may have noticed that we haven't mentioned the CPA (Certified
Public Accountant) ceritfcation so far. There's a good reason. Whilst
it's considered the premier accounting certification (and we'll be
covering it in a lot more detail) there are dozens of other's that you
should consider.
Let's take a closer look at the
Accredited
Business Accountant certification.
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