Why do accountants need to take the CPA exam?

1. After you have a certified public accountant certificate, you have a wide range of employment. It is a must-have certificate in the financial field, consulting field, investment field, and financial management field.

From the circle I have experienced, Some of those holding CPA certificates worked as auditors in accounting firms and became partners, some jumped from firms to companies to become financial executives, some were promoted from financial assistants to financial directors, some were engaged in the consulting industry, and some were In fund investment, some use their professional knowledge to help customers manage their finances in banks, some are in investment banks responsible for bond issuance, company listings, and mergers and acquisitions, some have opened their own financial training classes, and some are teachers at famous online schools. It can be said that with CPA, jobs are diverse and bloom everywhere. At the same time, the CPA certificate is one of the most selective certificates for employment.

2. The Certified Public Accountant is one of the most valuable certificates on the market. It is highly recognized by the market and is highly regarded by others.

The most difficult certificate recognized on the market is Friends in the workplace must have heard of these two certificates: the Legal Professional Qualification Certificate and the Certified Public Accountant Certificate. The People's Daily has repeatedly ranked these two certificates at the top. HR's recognition of Certified Public Accountants is quite high.

Therefore, if you show your identity as a CPA when applying for a job, the recruiter will naturally think highly of you. Although they do not know your actual work ability, this certificate can prove your professional ability, and It can be seen that you are a hard-working, smart and self-disciplined person.

3. Accounting talents are in the shape of a pyramid. There are many accountants at the bottom. Low-end accountants will gradually be replaced, and there is a shortage of accounting talents at the highest level.

With the changes in business models and profit models, There is an extreme shortage of innovative personnel to handle complex accounting issues. There is a huge demand for tax planners in multinational businesses or group companies. Financial personnel who are good at cost control, business process optimization, and identifying and solving company problems through financial reports are in even greater demand. In particular, many large enterprises, state-owned enterprises and central enterprises cannot hire high-end talents who can formulate financial strategies based on the company's overall strategy.

Therefore, at present and for a long time to come, what is saturated are ordinary low-end accounting personnel. These people will gradually be replaced by artificial intelligence, and professionals such as certified public accountants are in high demand. This can also be seen from the "Accounting Talent Plan" formulated by the Ministry of Finance and the "Industry Work Ideas" formulated by the Chinese Institute of Certified Public Accountants.

Moreover, China’s current economic development, the “One Belt and One Road” strategy, the introduction of foreign capital, the introduction of the Science and Technology Innovation Board, mergers and acquisitions, venture capital, etc., all directly or indirectly involve the field of financial accounting. A large number of high-end accounting talents are needed.

4. If you are not a first-class university and have no actual work experience, CPA is your shortcut to success

Currently, you can see that many recruitments state that 211 or 985 universities are preferred, which requires Work experience, if you screen resumes based on this criterion, many people will be passed over. However, although you failed in the college entrance examination, it does not mean that you have failed in life. Because 211 or 985 universities can only prove the ability before graduation, CPA can prove the ability after graduation. If you don’t have a good university background, you can rely on the CPA certificate to give yourself extra points. If you don’t have work experience, you can make up for it by studying. With CPA After obtaining the certificate, HR will usually give you an opportunity, and I don’t know if you’ve noticed it, but many recruitment for financial positions will add a “passing CPA is preferred”.

5. The six professional courses of the CPA allow you to understand the entire process of company operation

The CPA exam involves six courses, namely accounting, auditing, financial cost management, and tax law. , Economic Law, Corporate Strategy and Risk Management, it not only teaches you how to keep accounts, how to audit accounts, and how to pay taxes, but also teaches you to look at financial issues from the perspective of corporate strategy, how to formulate corporate financial development plans, and how to control risks. How to conduct investment and financing, how to conduct tax planning, and how to deal with economic issues in company business, the courses are set at the CFO level, or the level of company managers.

Through the study of professional courses, you will understand the whole picture of the company's economic business and understand the entire process of procurement, production, processing, sales, after-sales, and management. Moreover, my experience tells me that after studying these professional courses, I will be more comfortable learning other corporate knowledge.

6. If you work in a company and are a non-financial major, then if you don’t learn financial knowledge, you will not be able to understand the fundamentals of a company and be in management.

Many non-financial majors are employed in companies. I encountered a bottleneck when developing in China because I only knew my original major, maybe marketing, maybe engineering technology, and lacked an overall understanding of the company's operations. I couldn't find the company's problems with the financial statements. Is there a lack of cash? Overstocked inventory? Investment failed? Payback too slow? Cost too high? If you can't find the reason for the decrease in revenue, you can't see the problem of declining profits. Because you don't understand finance and don't understand the overall situation of the company, of course you can't get into management.