What Is A Certified Public Accountant?

 Did you know that a Certified Public Account with a master’s degree can make almost $69,000 on average?

Whether you’re interested in becoming a CPA or want to hire one, it’s worth knowing what they’ve been trained to accomplish. After all, it’s a rewarding career that can end up proving useful to any serious business.

Have you ever asked yourself, “What is a Certified Public Accountant?” Keep reading to learn all about it.

Becoming a CPA

In general, a Certified Public Accountant is a professional who has been licensed to perform accounting functions for a business or other entity. Every state in America has a Board of Accountancy. This is where a prospective CPA can get their licensure.

To get the proper license, a CPA will have to meet a range of qualifications relating to work, testing, and formal education. For example, you must have a bachelor’s degree or something higher. Not only this, but your major should be related to accounting, finance, or business administration.

Before you can get certified, you’ll also need to have at least 2 years of experience within the public accounting industry. As for testing, you’ll also have to pass the Uniform CPA Exam with flying colors.

Once these requirements are met, then you can savor a position in either a corporate or public accounting position. Some specific job titles include “chief financial officer” or even “controller”.

The Duties of a CPA

Professionals look to Certified Public Accountant tips when it comes to a wide range of financial subjects, including taxes.

In the realm of taxes, a CPA can file taxes on the state, local, and federal levels. They can work to increase a business’s deductions, reduce the amount of time, and many other benefits. Certified Public Accountant advice can also come in handy in the event of an audit by the Internal Revenue Service.

A CPA can also perform an audit that has nothing to do with the IRS. The benefit of this is to improve the financial strategies of a given business. There are also uses that come in handy when running the company as a whole.