Certified Management Accountant is a professional certification credential in the management accounting and financial management domain. The certification implies that the person possesses knowledge in the areas of financial planning, financial analysis, financial control, decision support, and professional ethics. It takes somewhat between 6 months to 3 years to complete the course.
Certified Public Accountant is the title of qualified accountants in numerous countries in the English-speaking countries. In the United States, CPA is a license which can offer accounting services to the public. It is awarded by each of the 50 states for practice in that state CPA certification is earned by exam.
Requirements for a CPA license may differ slightly from state to state, but you will need 150 hours of college credits (30 more than a regular bachelor’s degree) and two years of full-time work experience in order to sit for this certification exam.
A certified public accountant can become strategic business advisers and decision-makers. They act as consultants in businesses, which includes taxes and accounting. A CPA, or Certified Public Accountant, is considered as a financial advisor who helps individuals, businesses, and other businesses plan and reach their financial goals.
MBA in Accounting
The Master of Business Administration in Accounting is the usual way to graduate-level business education for accountants. This program requires students to hold a bachelors degree in a related field and can complete the coursework.
Internships are required in this program when compares to the thesis that is required in a masters program. MBA is usually regarded as a practical, professional degree rather than a research degree, and It may take two years to complete an MBA in accounting.
MS in Accounting
The Master’s of Accounting is related to other specialized fields, like Master of Accountancy, Master of Science in Accounting or Master of Professional Accountancy. A specialized graduate degree in accounting comprises of a few courses that can provide a general perspective of the business environment. This will also focus much more narrowly on accounting.
Emphasis is also frequently available to yet further deepen specific areas of accounting knowledge, taxation, reporting, and tax assurance. These degrees will have a deeper and thorough knowledge of accounting practice and theory when compared to MBA counterparts that make them better suited to accountancy work and also get prepared to pursue doctoral coursework.
Chartered accountant (CA) is an international accounting degree awarded to accounting professionals in many countries across the world, apart from the United States. In the United States, the CA designation is equivalent to a certified public accountant (CPA). Both the Certified Public Accountant (CPA) and Chartered Accountant (CA) are credentials which you earn through defined study and also by passing an examination.
The CPA credential is issued solely in the US, and the CA credential is administered and recognized worldwide. Usually, the CPA is easier than CA and takes maximum a year if you are dedicated. CA has three levels of examinations with three years of mandatory internship to be completed in between.
MS in Finance
A Master’s degree in finance is a postgraduate program that prepares graduates for careers in the field of finance. The degree is often known as Master of Finance or Master in Finance. The MSF program usually prepares graduates for careers in corporate finance, investment management, and investment banking.
The core curriculum comprises mainly on managerial finance, investment analysis, and corporate finance. These topics are generally then introduced by other fundamental coursework in economics, managerial accounting, and “quantitative methods.”