CPA

vs.

CFA By edu CBA

• Certified Public Accountant (CPA) has been so far the most known credential in

accounting and finance world. • It is legally essential in order to do specific jobs, such as public accounting i.e.

independent auditing. • It permits you to charge for accounting services you provide to the public. • It is quite useful when it comes to the corporate but essentially it is valuable in the

public sector. • For many people they see a CPA as someone who prepares tax returns, but CPA’s do

much more than that and also one does not require a CPA license in order to prepare the same.

What is CPA?

What is CFA? • Chartered Financial Analyst could be one of the hardest credential to be

obtained. It is specifically focused on the investment banking process. • It was introduced in the year 1963 and it is considered to be one of the highest

designations in the finance domain. • It is a credential that certifies its holder competent and honest. • This reputation in the business world is recognized in many countries of the

world. • The CFA degree is not a legal requirement in order to work as a financial

analyst but it is a good way to crack some of the most important jobs.

Exam Details

• In order to obtain the credential there are four parts to the exam.

• As far the content and structure goes

it is the same in US and across states. • It is a 14-hour computerized exam

There are various exam windows one could schedule there exam in any of them.

• The window is of two months period

and there are four such windows during the year (Jan-Feb, Apr-May, Jul-Aug, Oct-Nov).

CPA CFA • The CFA is a charter issued by the CFA

Institute after completion of the three parts of the exam.

• The three parts of the exam do not test

subject matter independently, as the CPA generally do.

• The first exam tests the candidates

broad financial principles, the second is a more intensive test on financial analysis and accounting, and the third exam is broadly based on portfolio management and decision making.

CFA Requirements CPA • The educational criteria/requirement also

varies by state, but typically, in order to appear for the CPA exam, applicants should have a bachelor's degree along with 120 semester hours.

• Additional educational requirements

generally comprise of 24 to 30 semester hours in accounting, earned through a graduate or bachelor's degree in business.

• Work experience is concerned would vary

across states but mostly they require to have completed at least 1-2 years working directly for the CPA.

• The educational requirements for the CFA credential would require only a bachelor’s degree.

• Even in case you do not have one this

condition can be satisfied if you have 4 years of professional experience.

• As in CPA there is experience condition

for the certification which is CFA would require a four years professional experience in related field that has a direct role to play with the decision making process.

Career CFA CPA • You could work for any sized firm,

from a large CPA firm to a small local accounting firm.

• At the firm you could work on any

of these varied fields such audit, tax and management consulting.

• If you want to work for any business

corporate you could choose a field in financial accounting and reporting, management accounting, financial analysis and treasury/cash management, hedge funds etc.

• Career paths could include financial analyst, treasurers, financial advisers, research analysts, traders, private bankers, portfolio managers, investment banking analysts to name some.

• This charter provides you with

international recognition and imparts skills that are highly acknowledged.

• Moreover these jobs are

considered to more lucrative than other finance jobs.

Knowledge is like a line

with no ends…

To know more on this topic click on the

link below

https://www.educorporatebridge.com/cfa/cpa-vs-cfa/

https://www.facebook.com/CorporateBridgeGroup

Be a part of edu CBA Family!!!

Visit our website

For Free Resources

Like us on Facebook

Follow us on Twitter

https://www.educorporatebridge.com/

https://www.educorporatebridge.com/free-courses/

https://twitter.com/corporatebridge

Thank

You!!!

If you have found this presentation

to be useful, kindly

Like

Share

Follow us!!! +