A career in the financial sector is a lucrative one. It is a very challenging job and requires a great amount of talent and expertise. There are various options to look into when it comes to choosing a career in the financial sector. However, the concept of corporate accounting has gained a lot of popularity over the years. A corporate accountant, like the name suggests, works for business houses, corporations, industrial houses, nongovernmental organizations, service sector etc. It is his job to oversee and manage all the financial measures and decisions of an organization.
In order to become a corporate accountant, you have to possess a professional degree. This can be done by pursuing a CMA course. This is a specialized plan of study and requires a lot of dedication and hard work. Accountants seeking to enhance their skills can also opt for this curriculum. Corporate and other organizations look for qualified corporate accountants. Thus, it is essential that you acquire the certification before applying for a job. Here are a few preconditions for joining this accountancy program:
• The candidate should hold a bachelor’s degree in accounts, finance or economics.
• The candidate should have a minimum work experience of two years in the financial sector.
• The candidate must have all the essential computer skills.
• The candidate must apply for a membership at the IMA.
You must make sure that you follow the process of the exam properly. Once you pay and apply for the test, you need to complete it within three years. It is also important that you submit all the important documents required by your institution. Mostly these institutions ask for work experience certificates and certificates proving a bachelor’s degree in a finance related subject. You must have access to proper study material for the exam. On the other hand, you can also check this HK CPA qualification exam.
There is a remarkable difference between corporate accountancy and Certified Personal Accountancy. Unlike a Certified Personal Accountant, a corporate accountant focuses on the management as well as financial issues of a company. A certified personal accountant also prepares and scrutinizes financial reports of individuals or companies. But, is more focused towards legal and governmental aspects like tax returns, audits etc. Besides, the post of a corporate accountant is more lucrative than that of a certified personal accountant. A corporate accountant, unlike a personal accountant, is a permanent employee of a company. He or she is on the company’s payroll and is involved with the daily operations of the company.
The responsibilities of a corporate accountant are:
• To ensure the financial security of the organization.
• Tax accounting.
• Internal auditing.
• Budget management.
• Formulating and implementing financial strategies of an organization.