what-is-a-cpa

what-is-a-cpaA CPA, or certified public accountant, is an accounting professional who has passed the ujian CPA. Sajaba, aranjeunna geus kaeusi sagala atikan jeung pangalaman gawé sarat kaayaan pikeun jadi CPA dilisensikeun. standar ieu téh jelema diatur ku dewan kaayaan accountancy dina kaayaan di mana manéhna atanapi manehna dilarapkeun.

Sanajan, euweuh lisénsi CPA nasional atawa universal. sadaya 50 nagara AS jeung hiji tambahan lima jurisdictions lisénsi meta bebas tina karana. Saterusna, kabéh jurisdictions ieu merlukeun kualifikasi béda pikeun licensure. Intina, each state board issues its own license based on the current rules and requirements in that state.

In this way, a lisénsi CPA is much like an attorney’s license. Certified public accountants are typically only licensed in one state, but they can become licensed in additional states based on the reciprocity laws.

The CPA designation is the most sought after and used credential in the world of accounting and for good reason. This credential gives you the experience, expertise, knowledge, and opportunity to do many things in your career that a non-certified accountant wouldn’t be able to do.

kituna, let’s take a look at some CPA job descriptions and a list of what CPAs are capable of doing!

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What is a Certified Public Accountant and What Does a CPA Do?

Certified Public Accountants have many different career paths and options available to them. That’s why this certificate is so popular. Sanajan, the main two career paths include public accounting and industry accounting.

Let’s look at both:

Naon Dupi hiji CPA Naha dina sungut Akunting Public?

Aya rupa-rupa proyék béda nu hiji CPA ngalakukeun dina sungut CPA dina industri akuntansi umum. Di dieu aya sababaraha.

Auditing na Review

Salah sahiji jobs utama hiji akuntan publik Certified ngalakukeun dina akuntansi umum nyaéta pernyataan finansial auditing klien tur ngaluarkeun pendapat teh pernyataan. dasarna, auditor publik anu dipikawanoh salaku hiji pihak katilu unbiased anu resensi na ngaevaluasi pernyataan finansial disiapkeun ku manajemén. Dumasar Inok nu, the CPA gives an opinion of the financial statements disclosing whether any material misstatements were found.

pamustunganana, all public companies are required by the SEC to have a CPA firm audit their financial statements before they are issued to shareholders and the public.

Tax Preparation and Services

One of the most popular and well-known career paths for a CPA is in the tax preparation industry. This includes preparing all different types of client tax forms from property taxes to income taxes. Ieu ogé kaasup advising klien on taktik tur strategi nu kumaha struktur urusan maranéhna pikeun ngaleutikan burdens pajeg.

konsultan Services

CPAs keur aya di loba tipena béda jasa konsultan pikeun mantuan klien maranéhna nangtukeun masalah bisnis tur ngajalankeun operasi maranéhanana leuwih éféktif. Sababaraha consultations antarana evaluating kadali internal tur identifying mungkin perbaikan operasional.

Layanan Akunting forensik

Tebih teuing mindeng karyawan atawa boga ngagasab barang lain hakna duit ti pausahaan. Most of the time embezzlement schemes aren’t caught until some time after the initial event. It could take months or even years to uncover a complicated embezzlement scheme.

CPAs are often hired to dig through financial records, identify if money was stolen, and report all fraudulent activities that were uncovered.

Financial Planning and Business Valuation

CPAs are often engaged to advise clients when the best time to sell a business is and how to transfer it to another person.

Salila prosés évaluasi jeung tata hambalan, aranjeunna ogé ngawartosan klien maranéhna tina ramifications pajak tina ngajual atawa mindahkeun usaha. Ieu umum di estate jeung suksesi tata.

Layanan litigation

Sanajan CPAs teu dilisensikeun kana hukum prakték, aranjeunna mindeng dipaké ku attorneys pikeun manggihan tur ngabuktikeun bukti sakumaha hiji saksi ahli dina rohang pangadilan teh. Ieu umum di cara ngagawe cerai, bankruptcies, sarta mergers bisnis / acquisitions / splits.


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Naon a CPA Do di Industri Akunting?

There are several different jobs that CPAs perform outside of the scope of public accounting. Here are a few of them.

Company Management

CPAs make great managers because they understand finance, operations, and how to improve profitability.

Company Executives

Along the same lines, CPAs make great CEOs, CFOs, and COOs because they understand the inner workings of a company. It’s not uncommon for a company to hire a certified public accountant as the CFO or COO.

Non-Profit Organizations

Just like for-profit companies, organisasi nirlaba kudu kapamimpinan jeung manajer kauangan anu tiasa masihan nasihat sarta pituduh organisasi tentang kumaha carana make dana na kalawan cara anu pangalusna.

CPAs anu mindeng diangkat ka dewan non-untung na ngabantu ngatur operasi dinten-ka poé.

pamarentah

pamaréntah employs CPAs pikeun rupa-rupa proyék béda. The IRS, FBI, Militér, sarta Kongrés sorangan migunakeun CPAs di Kamampuh béda. Aya ton kasempetan béda pikeun accountants dina unggal tingkat pamarentahan ti lokal pikeun féderal.

pendidikan

Most accounting professors at major universities are certified. Although this isn’t a requirement, it is important seeing as they will be telling students to go become a CPA.


What Can a CPA Do that an Accountant Can’t Do?

There are a bunch of different things that CPAs are legally allowed to do that a non-certified accountant is unable to do. Here are a few examples.

Auditing

Non-certified accountants are not allowed to audit public companies, issue audit reports or opinion letters, or review public company financial statements for the SEC. The SEC only allows a CPA firm to perform these services.

Taxation Services

The IRS gives certified public accountants special privileges that non-certified accountants don’t get. A CPA is allowed to sign a clients’ tax return as a paid preparer and represent the client in front of the IRS. These privileges are also awarded to enrolled agents and attorneys.


Will You Become a CPA?

There are so many career options and opportunities available for certified public accountants that it’s crazy to not become one. If you are an accountant or are going into accounting, I would strongly recommend becoming certified. You won’t regret it.

Kenneth W. Boyd

Kenneth W. Boyd is a former Certified Public Accountant (CPA) and the author of several of the popular "For Dummies" books published by John Wiley & Sons including 'CPA Exam for Dummies' and 'Cost Accounting for Dummies'.

Ken has gained a wealth of business experience through his previous employment as a CPA, auditor publik, Preparer pajeg na College Professor. Today, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher.