Career Paths For Accountants And CPAs

Whoa! Did you see this? This is one of the best summations of career paths for accountants and CPAs. You can look up the entire article at:

We all know that many senior level and C-level executives (CFO, CEO, etc.) were in accounting, finance, or internal auditing earlier in their careers. But how did they get there? Entry level public accountants, if they are worth their calculators, are usually promoted one to two years after hire. After another few years, these people are promoted into more senior positions. Superstars are:

* promoted into jobs as supervisors, partners, or managers or * are recruited into executive positions in internal auditing or management accounting in private firms or * they might open their own firm.

Butterflies were once caterpillars just as managers were once trainees. Here is how this path develops: Cost accountants, accounting trainees, and junior internal auditors are promoted to being management accountants. Management accountants are promoted to titles such as chief cost accountant, accounting manager, budget director, and manager of internal auditing. These people are promoted to jobs as chief financial officers (CFOs), corporation presidents (CEO), controllers, financial vice presidents, and treasurers.

Is there mobility to shift between disciplines? Yes and no. * Management accountants, public accountants, and internal auditors have superlative occupational mobility. They can shift between disciplines, taking any position which advances their career or tickles their fancy. * Management accountants and internal auditors can shift into jobs in each other’s territory. * Public accountants often move into management accounting or internal auditing. * But it doesn’t go the other way: it is NOT as common for someone to move from management accounting or internal auditing into public accounting. * Internal auditors who learn the language of reviewing internal controls of numerous business entities may be promoted into jobs as upper-level managers.

Certified Public Accountant (CPA) is a designation granted to accountants who have qualified by passing the Uniform Certified Public Accountant Examination (UCPAE). The UCPAE is created and scored by the American Institute of Certified Public Accountants.

CPAs are licensed by their state Board of Accountancy on the basis of that CPA’s education, experience, and their ability to pass the CPA Exam.

In the majority of states, a CPA is the only person who is licensed and permitted to provide attestation (including auditing) opinions on financial statements for their clients. In Arizona, Kansas, North Carolina and Ohio, any accountant can audit but cannot use the CPA designation until he or she has passed the UCPAE.

If a person who has passed the UCPAE * has not finished the on-the-job experience requirement or * has previously met that requirement but since then has not completed their continuing professional education that person is designated “CPA Inactive.”

The majority of states allow only a person licensed as a CPA in their state to use the designation.

Therefore, a CPA from California is not called a CPA in Illinois until that person meets the state requirements of Illinois for a license or meets the requirements stated in a reciprocity agreement. Texas is even more restrictive. Only a CPA in Texas can be addressed by the designations “auditor” and “accountant.” The only exceptions are:

* a non-resident of Texas who is a CPA in another state AND

* meets the requirements to practice in Texas as an out-of-state member of the CPA firm or practitioner.

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