Before CPAs become successful corporate figures, they were once like you, a struggling student and apprentice working their way up, fulfilling requirements, reviewing lessons, and scratching their heads when nothing seeped in. Great things start from small beginnings. It is true that the day you received your diploma is just the beginning of more challenging tasks, including taking the Unified CPA Exam. These soon shall be over and you will be in for the real battle.
Excuse the sentimentality but you would probably understand why accomplishing all the requirements always comes with a drama. Becoming a CPA can be this challenging. Sometimes, it is even more challenging than becoming a doctor or a lawyer.
Employment is one of the requirements for obtaining the CPA license. After passing the exam, you need to find an accounting job and earn at least 2,000 hours under the supervision of a licensed CPA. This would make you an apprentice for more or less two years. If you are lucky and if you display excellence performance while on the job, this would secure you with an employment even while still in the process of completing your credentials. Most CPAs though aim for the Big Four.
Huge corporations do not usually employ fresh graduates. They are often on the lookout for CPAs who have public accounting experience. Why is that?
This does not happen all the time though. Companies that are considered to be one of the "Big Four" - PwC, KPMG, E&Y and Deloitte - also scoop talents fresh out of the university especially if the candidate's credentials are impressive. They often consider public accountants as the best of the breed and worthy of receiving their significant compensation package.
From Public to Corporate Accounting
Careers in the corporate arena are much more rewarding than in public accounting. If public accountants earn at least $40,000 a year, corporate accountants get $80,000 and above plus paid leaves, insurance, and incentives. The job description is more precise and the environment is more sensitive, of course. But with an above-standard pay scale, who would complain?
The job descriptions of public and corporate accountants have subtle differences. The former focuses more on servicing public companies while the latter works directly for a private company. Both may perform the same jobs that include auditing and attestation, tax planning, and even forensic accounting.
There are public accounting firms that are considered nameless in the CPA world. These are usually the ones that have only 5-10 employees, located in the unknown side of the city. There are also those that have thousands of accountants.
Statistics show that the number of CPA enrollees has dramatically grown from the year 2000 up to present. The increase may have something to do with the prediction that the demand would grow a few years from now. However, aside from job security, the generous compensation package is what lures them the most even if many see this profession as a boring one.
Excuse the sentimentality but you would probably understand why accomplishing all the requirements always comes with a drama. Becoming a CPA can be this challenging. Sometimes, it is even more challenging than becoming a doctor or a lawyer.
Employment is one of the requirements for obtaining the CPA license. After passing the exam, you need to find an accounting job and earn at least 2,000 hours under the supervision of a licensed CPA. This would make you an apprentice for more or less two years. If you are lucky and if you display excellence performance while on the job, this would secure you with an employment even while still in the process of completing your credentials. Most CPAs though aim for the Big Four.
Huge corporations do not usually employ fresh graduates. They are often on the lookout for CPAs who have public accounting experience. Why is that?
This does not happen all the time though. Companies that are considered to be one of the "Big Four" - PwC, KPMG, E&Y and Deloitte - also scoop talents fresh out of the university especially if the candidate's credentials are impressive. They often consider public accountants as the best of the breed and worthy of receiving their significant compensation package.
From Public to Corporate Accounting
Careers in the corporate arena are much more rewarding than in public accounting. If public accountants earn at least $40,000 a year, corporate accountants get $80,000 and above plus paid leaves, insurance, and incentives. The job description is more precise and the environment is more sensitive, of course. But with an above-standard pay scale, who would complain?
The job descriptions of public and corporate accountants have subtle differences. The former focuses more on servicing public companies while the latter works directly for a private company. Both may perform the same jobs that include auditing and attestation, tax planning, and even forensic accounting.
There are public accounting firms that are considered nameless in the CPA world. These are usually the ones that have only 5-10 employees, located in the unknown side of the city. There are also those that have thousands of accountants.
Statistics show that the number of CPA enrollees has dramatically grown from the year 2000 up to present. The increase may have something to do with the prediction that the demand would grow a few years from now. However, aside from job security, the generous compensation package is what lures them the most even if many see this profession as a boring one.
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