Homework Answers
Certified Public accountant
1. Career opportunities for CPA are
Once you clear the CPA Certification you can choose to specialize in areas such as
* Financial Analysis :- Support business growth by analyzing financial data, preparing reports and help management make informed decisions.
* Internal Auditing :- Analyze and report on company financial records, Risk management issues, financial data and operations.
* Information technology auditing :- Examine technological infrastructure of companies.
* Tax Accounting.
* Management accounting.
2. Skills of an CPA are
* Management and leadership skills
* Up-to-date tax knowledge
* Business expertise
* Accounting Knowledge
3. Salary range for CPA
The salary for a senior manager/ director for audit services is $ 134,000 and for senior manager is $136,750.
4. How to become a CPA
* Fulfill the educational requirements - At least a bachelor's degree.
* Apply to take the CPA exam
* Start the course.
* Pass the exam and AICPA Ethics exam
* Fulfill the work experience requirement
* Get the licence.
Certified Management Accountant (CMA)
1. Career opportunities in CMA
* Finance Manager
* Financial Analyst
* Financial Risk manager
* Cost manager
2. Skills of CMA
* Planning and Budgeting
* Cost management
* Risk management
* Investment decision
3. Salary range
Basically it depends on Company size and your position in company and other factors, But in normal a CMA would get around $94,000 to $102,000.
4. How to become a CMA
* Fulfill the educational requirements
* Register with IMA
* Schedule and take the test
* Fulfill the work experience required
* Get certification.
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