Accounting is a respected profession that offers stability, good pay, and opportunities for advancement. If you’re considering a career in accounting, this guide will walk you through the steps to become a qualified accountant, from education requirements to certifications and career advancement.
1. Meeting Educational Requirements
Obtain a Bachelor’s Degree
- Most accountant positions require at least a bachelor’s degree in accounting or a related field
- Some states may allow degrees in business management or administration
- Check your state’s specific requirements for accounting credits
Complete an Internship
- Gain practical experience through internship programs
- Internships can be part-time during school or full-time in summers
- Use internships to network and develop professional connections
Consider a Master’s Degree
- Many employers prefer candidates with a master’s degree
- Choose between a Master’s in Business Administration (MBA) or a Master’s in Accounting (MAcc)
- An MBA provides broader business knowledge, while an MAcc is geared towards CPA or CMA certifications
2. Obtaining Licenses, Certifications, and Registrations
Research State Requirements
- Look into various state and federal licenses and certifications
- Each certification has specific qualifications (education, experience, testing, and fees)
Become a Certified Public Accountant (CPA)
- Required for filing reports with the Security and Exchange Commission
- Pass the Uniform CPA Examination
- Most states require 150 semester hours of college coursework
Consider Other Certifications
- Certified Management Accountant (CMA)
- Certified Internal Auditor (CIA)
- Certified Information Systems Auditor (CISA)
3. Advancing in the Profession
Gain Experience
- Start in junior positions to build experience
- Work towards supervisory roles and partnerships over time
Start Your Own Firm
- Consider starting your own accounting firm once you have sufficient experience and resources
- Be prepared for initial years without profit
Continue Your Education
- Most certifications require ongoing professional education
- Attend seminars, conferences, and take college courses to stay updated
Diversify Your Expertise
- Gain experience in different types of accounting
- Broaden your skills to increase promotion and job opportunities
Key Takeaways
- Start with a bachelor’s degree in accounting or a related field
- Gain practical experience through internships
- Obtain relevant certifications, with CPA being the most recognized
- Consider a master’s degree for advanced opportunities
- Continuously update your skills and knowledge
- Be prepared to start in junior positions and work your way up
By following these steps and consistently developing your skills, you can build a successful and rewarding career in accounting. Remember, the path to becoming an accountant requires dedication, continuous learning, and adaptability to changing financial regulations and technologies.
