The account and finance industry in today’s global economy encompasses a variety of jobs for individuals with CPA or Certified Public Accountant credentials. CPA is a prestigious certification and understanding what roles you can pursue with these credentials can help you make the best career choice.
This guide will help you explore exciting CPA career paths you can pursue. This informative journey will also allow you to unravel the scope of CPA in India.
The Scope of CPA in India and Globally
Certified Public Accountant is not just a prestigious job profile; CPAs are in huge demand due to the rise of start-ups and tech businesses. Moreover, CPA holds global recognition, meaning CPA roles and career opportunities are abundant not just in India but also across the globe. Certified Public Accountant jobs are not limited to taxation, auditing, bookkeeping, etc. These days, many other career paths have opened up for these professionals.
Keep reading to explore the top 10 CPA career paths you can take.
Top 10 Certified Public Accountant Jobs
In today’s global economy, certified public accountant jobs are not limited to a set wireframe. Becoming a CPA now means you have an abundance of career options. The best careers for CPAs are:
- Corporate Finance
The world of financial accounting can offer you some of the best CPA roles and you can be an integral part of the Initial Public Offering (IPO) or Further Public Offering (FPO). A Certified Public Accountant. As a CPA, you understand acquisition and accounting aspects, which means you can counsel the management about strategic moves for the company.
- Financial Accounting
One of the most significant CPA career paths is financial accounting and you have a chance to build an impressive career in this field. As a Certified Public Accountant, you will prepare and review balance sheet accounts. You can also analyse where the company is utilising the funds and where they are overspending.
- Internal Auditing
Some of the best careers for CPAs these days also include internal auditing. Internal auditing is a consulting activity and objective assurance that helps improve a company’s financial operations. As an internal auditor, you must follow best practices to manage and control risks effectively.
- Assurance and Attestation Services
You can find many Certified Public Accountant jobs and career opportunities in this field. Most CPA organisations offer attestation and assurance services. Assurance services involve high levels of integrity, independence, and objectivity. These services can include an audit for internal control in the organisation or a financial statement review.
- Financial Advisor
A Certified Public Accountant often acts as a financial advisor for individuals. Financial advisors help their clients make informed financial decisions and better manage their finances, such as when planning for retirement, home purchases, savings plans, or starting a business.
- Information Technology Accounting Auditor
IT industry today integrates traditional accounting principles with information systems to save a company’s financial data. This is where CPAs become an integral part of their team as they are required for this audit due to their accounting knowledge. As a CPA you can even have specialisation in IT audit with the right CPA course.
- Finance Director
Finance Director in a company or organisation’s overall financial activities including reporting on revenue, budgeting, training accounting staff, implementing policies, managing risks, disbursing funds to departments, and improving financial processes.
- Management Reporting
Generally, management companies hire CPAs who understand their business and can analyse and draw conclusions, so they can caution the administration about specific changes or uprisings.
- Tax Preparation and Planning
CPAS efficiently helps businesses plan a budget for taxable income and forecast revenue to predict how much tax they will have to pay in the future. Moreover, they also provide valuable advice to corporations on their tax aspects.
- Corporate Leadership
As you grow and gain relevance and experience as a CPA, you can successfully build your career as a CFO. A CFO or a chief financial officer is a C-suite executive who leads and manages a company’s financial activities. As a CFO you will be responsible for tracking and monitoring cash flow, analysing the company’s financial health, and creating short- and long-term financial health.
Conclusion
A certified public accountant is a job that holds much respect, prestige, and responsibility in the finance sector. CPA career paths offer you a wide range of opportunities that can suit your interests and skills within the accounting and finance disciplines.
Imarticus Learning allows you to become a CPA with The Association of Certified Professional Accountants (AICPA). Expand your horizons and reinforce your CPA journey with this gold-standard CPA course and propel your career to new heights.
