Accountants are the backbones of the entire economy — without the work they do, companies would come crashing down. They keep track of money flows so people know how much they have to spend, and help executives plan ahead. The best accountants also have the best finance certifications, to train them on how to handle anything.
It doesn’t matter if they’re managing wealth and helping it grow, or are tracking global expenses. There are certifications to prepare accountants for any kind of work and to help them achieve whatever they want with their finance careers. All they need to do is apply for a program that prepares them for it and then pass the test.
Testing for the best financial certifications is never easy, though. To become an accountant that works alongside some of the biggest companies, you need tenacity, fastidiousness, and focus. Otherwise, your spot may go to someone else.
Keep reading below to learn about which certifications you should pursue, and how to get them.
1. Become a Chartered Certified Accountant for Global Work
This kind of certificate is recognized by accounting organizations across the world. It proves that an account can work on topics such as financial management, reporting, taxation, auditing, leadership, and even ethics. It covers almost anything and shows that an accountant is ready for almost any kind of work. Working in this role requires good math, analytical and organizational skills as attention to detail is important.
Read more to know how to become chartered certified accountant in Malaysia.
2. Certified Public Accountants Are the Cream of the Crop
A CPA certification is one of the most important certifications for any kind of accountant, no matter where they are. Being certified as a public accountant is a huge step for finance careers and employers even list it as a requirement for many positions.
It covers topics like auditing, attestation, financial accounting, and reporting. They also usually go over-generalized topics like business environment and concepts, as well as regulation.
If you’re aiming for an ACCA qualification you can choose this pathway after SPM and pursue the Certified Accounting Technician (CAT) Qualification, which has nine papers in total. The CAT Qualification is a foundation-level programme specifically designed to provide students with a solid understanding of finance and accounting. Meanwhile, Sijil Tinggi Persekolahan Malaysia students and those with a recognized bachelor degree can apply directly for the ACCA Qualification, with the latter being able to claim up to nine paper exemptions. Upon completion of the ACCA Qualification, students can apply to the MIA to become chartered accountant in the country.
Alternatively, you can study for a bachelor degree in accounting before sitting for a professional qualification like ICAEW, ACCA or CPA. Some students may prefer this pathway as they will gain a degree qualification as well as a professional accounting qualification.
3. Chartered Financial Analysts Have the Best Finance Certifications
A designation as a CFA speaks volumes about the capability of an accountant and helps them secure high-ranking positions across the world. With a CFA, you will distinguish yourself as a good candidate for becoming a financial analyst, keeping an eye on the portfolios of wealthy people and companies.
It will prepare you to do more than just track transactions. With a CFA, you’ll be able to help people grow their wealth and make their money work for them in ways it wouldn’t without you. However, it can cost around RM 22,255.00 to be certified, and take around four years.
To qualify as a Financial Analysts, you must have a bachelor’s degree in Accounting, Business Administration, Finance Management, Economics or any of the relevant field. To advance in your career, acquiring a Master’s in Business Administration (MBA) and a variety of accounting- or finance-related certifications will be necessary. Moreover, excellent interpersonal communications skills are important for this kind of job.
The Best Certifications Are the Ones You Want
There is one way to tell which are the best finance certifications — they’re the ones that you want. If you’re going after a certification that you want and will help you with your career, then you don’t need to worry about how it compares to the rest. All you need to do is work on getting it.
And for that, we’re here. Keep reading our website to learn more about how you can become the best possible accountant you can be!