Why so many people choose to become a certified public accountant in the United States?

The market demand is huge

The English abbreviation of the American Certified Public Accountant is AICPA (Certified Public Accountant), which is the only CPA qualification recognized by every state in the United States. Since the first examination was implemented in 1917, it has a history of nearly 100 years. It can be said that it is one of the most valuable and international business credibility qualifications. The greatest charm of American CPAs is that they have broad market demand. According to statistics from the American Institute of Certified Public Accountants, approximately 370,000 people worldwide have obtained the AICPA qualification. Due to its high international recognition, approximately 120,000 people apply for the exam every year. There is a huge shortage of professionals in China who understand U.S. accounting standards (USGAAP) and have AICPA qualifications. As Chinese companies flock to list in the United States, Sino-US trade continues to accelerate, and China’s demand for external financing continues to rise, this gap will expand year by year.

Great career development potential

In the eyes of many large international companies, the AICPA certificate is one of the mandatory conditions for professionals to be promoted and receive a salary increase. For those who have just entered the workforce or are applying for jobs, it is also a weight to increase their professional competitiveness. In recent years, more and more people have gone to work in the United States or European countries after successfully obtaining the U.S. CPA qualification. After having AICPA, whether you are in an accounting firm, a foreign-funded enterprise, or a Chinese-funded enterprise actively entering overseas markets, your development stage will become very broad, and your own value will also increase dramatically. After obtaining the American CPA membership, through the accumulation of certain work experience or the examination of 1-2 courses, you can easily exchange for the British Certified Public Accountant (ACA), Canadian Certified Public Accountant (CICA) and other international first-class accountant qualifications. Lixin USCPA teacher believes that AICPA has strong international applicability.

Broad prospects and generous remuneration

Having an AICPA not only increases your employment space, but also greatly increases your chances of promotion and salary increase. In foreign companies, especially large international accounting firms or consulting companies, U.S. certified public accountants are not only the preferred employment conditions for financial directors, financial managers and other positions, but also have generous remuneration. According to statistics from authoritative organizations in 2009, newly graduated students with AICPA qualifications have a salary that is at least 10% higher than those in the same position without accounting certificates. In the accounting field, it is common for American CPAs with several years of work experience to earn an annual salary of US$80,000-110,000, and this number will become an increasing trend year by year in the next few years.

Since the AICPA certificate is so "magnificent", it must be very difficult. In fact, this is not the case - most students of Lixin AICPA can pass the AICPA exam within one year. Due to the high value of the American Certified Public Accountant qualification and its high reputation in the international accounting field, many people believe that its exam is also very difficult. In fact, the starting point of the American Institute of Certified Public Accountants (AICPA) is to hope that candidates with certain knowledge and abilities can successfully pass the AICPA exam, and encourages every candidate who passes the exam to actively apply for an industry license. Therefore, as long as you spend time studying, the exam is not difficult. pass.

According to AICPA statistics, the passing rate of the U.S. Certified Public Accountant Examination is about 50. Compared with the passing rate of 15 for the Chinese Certified Public Accountant (CICPA) exam, its exam is much less difficult. In addition, the exam time available for students to choose from AICPA is more generous than accounting professional exams such as ACCA and CICPA. Except for exams that are closed on weekends and in multiples of three months each year, candidates are free to take exams according to their own schedule for the remaining eight months. Another major feature of AICPA is its relatively moderate learning cycle. For the vast majority of candidates studying for the AICPA, even students with zero accounting background can successfully pass the exam after a year of hard study and review.