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Accounting and finance are two different
disciplines for a reason, right? Speaking from a purely academic sense,
correct. Accountants learn the details of monetary compliance (with the
government, with industry standards, etc.). Basically, the accountant is there
to make sure you don’t lose money
from unnecessary fees, penalties and overpayments.
The primary concern of a financial manager is to learn how to make money.
This doesn’t mean that a trained accountant can’t be a good financial manager. Quite the contrary. Learning the rules of not losing money naturally segways into learning how to make it. The difference is in the expertise, personal savvy and enthusiasm of the individual. You can check out this guide on CrushtheCPAexam to learn how accountants are trained and the different types of certifications. In the US at least, you won’t find very many wilfully ignorant practitioners.
[Here’s the proof: Out of 1,332,700 trained accountants and 660,000 CPAs, only 80 received disciplinary censure in 2018, according to the American Institute of Certified Public Accountants (AICPA)].
Training
an Accountant
In order to achieve a CPA in the United
States, acolytes must pass the certification exam. There are three
prerequisites to the exam, known as the 3 E’s.
The first E stands for Education – Sitting for the CPA exam requires 30 more credit hours than a full undergraduate degree, which is 120 units. International students usually take more than the combined 150 units to earn the proper status just to sit for the exam.The second E stands for Experience – Depending on the state, a would-be accountant is required to have either two years of general accounting experience or two years of work experience in both tax prep and accounting. Although not ma… Read More
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