Top 4 Professional Qualifications for Accountants in 2022

Working as a professional accountant is a cool and rewarding good salary. Most companies required these kinds of jobs to record and control their accounting and financial records for business use and for their owners.

Some of those are employed as high-ranking executives in the company while others also work for their own company or Freeland.

From day to day, being a professional accountant or wanting to be a professional accountant is quite challenging.

To protect yourself from being kicked out by the younger generation and to always stay ahead of the game, I think holding a well-recognized professional qualification is the best strategy.

The following is the list of the top professional qualifications that are globally recognized and really help you to secure your job.

Okay, here is the list.

CFA—Chartered Financial Analyst:

Chartered Financial Analyst is one of the most popular and also one of the most difficult professional qualifications that most candidates found difficult to get. CFA is under the control of the CFA institute

To get CFA, you have to pass three-level exams. CFA holders normally get higher pay on average than other qualifications in the professional accountant. On average is $60k annually based on an E-financial career.

How to get CFA?

  • Eligibility: CFA is the professional qualification, but the be eligible to take the example, the candidate is required to hold the BA or at least in year four of their BA. You are also required to have four years of working experience and hold an international passport. You need to pass this requirement to be eligible to take the exam
  • Three-level exam: As you might know, there are three levels to the CFA exam. You need to pass all of these three exams.
  • What are they? Well, the three-level of CFA exams are the Level I test on investment tools and analysis whereas level two focuses on the complexity of analysis and assets valuation. Level three focuses on portfolio management and wealth planning.
  • Where to take the exam? The exam center is word wild and you can test at the nearest centers.
  • How often does the exam take place? The exam test annually and sometime around June.
  • CFA exam form in multiple-choice questions and Wiley CFA and Kaplan Schweser CFA are the well-known multiple materials.
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Where do the CFA holders work for?

Well, here are the sectors that CFA holders working for, based on

Okay, I think that is enough for how to get CFA and now we should start where are those CFA holders working and why it is one of the high-paid professional accountants.

ACCA— Association of Chartered Certified Accountants:

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It aims to offer business-relevant, first-choice qualifications to people of application, ability, and ambition around the world who seek a rewarding career in accountancy, finance, and management.

Just like ACA, ACCA is also a very popular Professional Qualification in accounting firms like the Big Four. Most ACCA holders work as an auditor, accountants, financial analysts, CFOs, etc.

  • Eligibility: To be eligible to take the ACCA exam, you need to register as an ACCA student member first. This required you to hold a BA degree or MBA based on the country you get that certification from. You can check here for the minimum requirement. Once ACCA accepts your application, you are required to pay the admission fee at the first and then pay the annual student membership fee to make sure your account is active.
  • Once you become an ACCA student member, you register to take the ACCA exam. To become ACA, you need to pass 14 papers out of 16 and have three years of experience.
  • What are they?
  • Where to take the exam?
  • How often does the exam take place?
  • How to take the CFA exam?
  • Material
  • Where do the CFA holders work for?
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CIMA— Chartered Institute of Management Accountants:

Chartered Institute of Management Accountants is one of the most popular professional qualifications, but also one of the most difficult qualifications to get.

There are many benefits that the employer could get from CIMA. As mentioned on its website, CIMA

  • Build knowledge and skills around key best practices, performance metrics, stakeholder management, and control frameworks, in use at leading multi-functional shared services organizations.
  • Create a more dynamic and flexible workforce able to shift between finance, HR, IT, and procurement process execution teams.
  • Better engage and retain your best talent to keep your GBS organization positioned for growth. Increase your organization’s agility to respond effectively to change.
  • Delight your customers, through a deeper understanding of their needs, and enable higher satisfaction rates.
  • Eligibility
  • Three-level exam
  • What are they?
  • Where to take the exam?
  • How often does the exam take place?
  • How to take the CFA exam?
  • Material
  • Where do the CFA holders work for?