exams photoAccording to a salary survey report by the Institute of Management Accountants (IMA), published in 2017, a professional with an advanced qualification earn 37 percent higher average median compensation in comparison to someone with a bachelor’s degree.

Here are the most in-demand qualifications for prospective employees in the finance and accounting industry according to Robert Half, a globally acclaimed staffing and recruitment firm.

7 Most In-Demand Accounting Qualifications In 2018

7. CPP or Certified Payroll Professional:

Employee costs from payroll and other benefits are among the largest cost in any company other than the cost of goods sold, rent, depressions and other operating expenses. The CPP designation is granted by The American Payroll Association (APA) to those who successfully complete the Certified Payroll Professional.

The Payroll Professional has been practising at least a total of three years out of five years preceding the date of examination. The practice of payroll is defined as direct or related involvement in at least one of the following:

  • Payroll Production, Payroll Reporting, Payroll Accounting, Payroll Systems, and Payroll Taxation
  • Payroll Administration
  • Payroll Education/Consulting

6. Certified Management Accountant (CMA):

CMA is also one of the finest qualifications, CMA certification is a professional certification credential in the management accounting and financial management fields. Every country has his own professional CMA bodies which provide the CMA certificate after passing the final exams institute includes CMA UK, CMA Canada, CMA Pakistan, CMA India etc.

5. Certifed Information Systems Auditor (CISA):

CISA certification instantly validates your skills and expertise in Auditing, control and information security. It provides you access vulnerabilities, reports on compliance and validates and enhance controls in an enterprise. That’s why hiring managers and clients look for it and many businesses and government agencies require it.

4. Certified Internal Auditor (CIA):

Certified Internal Auditor is a certificate offered to accountants who conduct an internal audit, the certificate of CIA is offered by Institute Of Internal Auditors (IIA) and it is the only credential that is accepted worldwide or globally. Internal Auditors jobs include assessing governance, risk metrics and management flaws of a company by analysing all financial and other data available.

3. Chartered Global Management Accountant (CGMA):

Chartered Global Management Accountant is a professional management accounting designation issued in the beginning January 2012. In 2011 American Institute Of Certified Public Accountants (AICPA) and The Chartered Institute Of Management Accountant (CIMA) made a joint venture to create this new qualification offering the best resources from both.

2. Chartered Financial Analyst (CFA):

The Chartered Financial Analyst (CFA) designation is regarded by most to be the key certification for investment professionals, especially in the areas of research and portfolio management. It is, however, one of many designations used today. CFA certification is a globally acknowledged credential in finance. A CFA holder in the United States has the scope of earning more than$100,000 annually. According to industry experts and job search engines, a newbie with a CFA earns an average of $47,000 – $52,000 annually.

1. Certified Public Accountant (CPA):

A uniform Certified Public Accountant is developed by the AICPA with significant input and assistance by NASBA and the state board of accountancy. In the United States, a qualified CPA can provide accounting services directly to the public, and in other countries, it a hot qualification for various roles such as auditors, chief accountants, financial advisors, business evaluator, income-tax planner, high-level management positions and others.

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