Think globally, Act Globally

The financial crisis and economic recession have made unexpected changes in our economy and made people to think of a career, which is not troubled by such crisis. People who are in midway of their profession, cannot choose, but who are about to begin, should look for an opportunity, which is recession proof.

One such opportunity which is jack of all trades is the knowledge of accounting.

In the business world, accounting is one discipline of study that all people, regardless of job position, should have some knowledge of. Its concepts can be applied to all job specialties, its importance has been promoted in recent years, and it is useful in people’s everyday lives. 

So, why not turn ourselves into a professional accountant, to help the world in filling the positions lying vacant all around the world. The number of highly publicized scandal has fuelled the growing need for accountants and companies recognize the need of quality accounting practices.

With all of the new attention, energy and status, the accounting industry has transformed itself from one perceived as stodgy and static to a diverse, vibrant field that includes everyone from tax advisors to public agents, from financial managers to environmental activists. It's not surprising that with this greater business focus on accounting, accountants' salaries and job options have increased as well.

To be part of this tide, we need to know how we can place ourselves, among this elite group.

The world is moving rapidly to “one world” in accounting, auditing, and corporate governance.

To act globally ,we need to look at accountancy bodies that make us capable of real business stewards, steering the corporates today .

To achieve this, an accountancy degree from AICPA, CIMA, CFA or ACCA can strengthen one with global stamp of quality.

Some facts about them.

ACCA (Association of Chartered Certified Accountants,UK)

Founded in 1904, ACCA is increasingly rated as the leading global professional accountancy body by employers around the world as a result of its increased global network and the reputation of members in 170 countries.

ACCA has more than 208,000 fully qualified members and 503,000 students worldwide with an option to pursue the qualification after 10+2, B Com as well as opens the door for existing students of chartered accountancy course.

Source : www.accaglobal.com

CIMA (Chartered Institute of Management Accountants, UK)

The Chartered Institute of Management Accountants (CIMA), founded in 1919, is the world’s leading and largest professional body of management accountants. Its unique blend of management accounting, financial accounting and business-focused subjects produces competent and confident CGMAs who can lead their organisations to sustainable success.

CIMA prepares people for a career in business. It teaches skills for strategic advice, managing risk and making key decisions.

Source: www.cimaglobal.com 

CFA Institute (US)

CFA Institute is a global, not-for-profit organization comprised of the world’s largest association of investment professionals.

CFA Institute is currently home to more than 150,000 CFA charterholders worldwide in 165+ countries and regions, is dedicated to developing and promoting the highest educational, ethical, and professional standards in the investment industry. They offer a range of educational and career resources, including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) designations, and are a leading voice on global issues of fairness, market efficiency, and investor protection. 

Source: www.cfainstitute.org

CPA (Certified Public Accountants , US)

The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 431,000 members, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, non-profit organizations, federal, state and local governments.

source: www.aicpa.org

Now, the question, which degree to opt for, will depend on the individual aspirations and roles one has dreamt for, as an accountant can play many roles and have many options to choose from.