The Accreditation Council for Accountancy and Taxation (ACAT), acatcredentials.org, is the regulatory and certification board for the Accredited Business Accountant (ABA) Credential and provides specialized information, training and support for prospective and current ABA credential holders.
The American Institute of Certified Public Accountants (AICPA) is the regulatory and certification board for the Accredited in Business Valuation (ABV) credential and provides access to specialized information, education, tools and support for prospective and current ABV credential holders. The Institute supports those with an Accredited in Business Valuation credential to enhance the quality of valuation services CPAs provide, promote and protect member interests with regulators and other third parties, and achieve public recognition for the ABV as the preferred valuation professional. Those who have earned the ABV credential have achieved yet another level of distinction, building on the rigorous education, experience and knowledge exemplified by the CPA. ABV credential holders further differentiate themselves as professionals because they are able to go beyond providing the core service of concluding a businesses’ value to creating value for clients through the strategic application of this analysis.
Becoming a Certified Public Accountant (CPA) has many benefits. For starters, this credential is required to become a partner at a CPA firm, to start your own firm, or to become an internal auditor. Next, it’s illegal to use the CPA designation if you haven’t passed the CPA exam and paid for (and received) your license. Finally, without the CPA credential, advancement opportunities are limited. As an accountant, you’ll be limited to entry to mid-level positions. In many cases, you’ll have to work under the supervision of a CPA.
Discussing the Benefits of an Undergraduate Accounting Degree
There are more than 1.3 million accountants working in the United States. They work for bookkeeping, tax preparation, accounting, and payroll firms as well as state and local government. Nearly 10 percent are self-employed. Over the next seven years, the Department of Labor predicts that the industry will add 279,400 new jobs, resulting in a 22 percent employment growth. Job growth for accountants is much faster than average, which is only one benefit of an undergraduate accounting degree.
Discussing the Benefits of a Masters Degree in Accounting
The more education you have as an accountant, the better paid you’re likely to be. An accountant with a master’s degree and several years of experience can end up working in management or some other high-level position. These positions usually fetch six-figure salaries, plus benefits.