In the new era, the certification courses have become a norm due to various factors. We all remember how educational degrees held more weightage in the past when considering a person qualified and how time-consuming obtaining those degrees was. There was a need for fast-paced and less time-consuming courses that provided more efficient and effective means of learning/ training. The duration of Certification courses varies depending on the level of knowledge and expertise it offers to the candidate. There are several certification courses online and classroom certification courses in India. Some of the courses are classroom education courses, but as digital courses are in a trend they have been converted to online certification courses.
Certification courses in Accounts
The CPA certification course is offered by the American Institute of Certified Public Accountant (AICPA), which constitutes 429,000+ members across 122 countries. CPA is an extensive course that covers not only the accounting subjects but also subjects like taxation, auditing, law, analytics, evaluation, ethics, planning, regulatory frameworks and procedures, and management of finances. It is considered the highest designation in the field of Accounts, and the designation earns a lot of respect in the industry.
CPA course covers all the major aspects of the accounting field, thus making one an expert in the field. The CPA course also opens doors to a wide range of opportunities for the individual like Tax Manager, Forensic Accountant, Auditor, Business Valuator, Financial Planner, and many more. CPA is recognized globally and is preferred by a majority of the countries and companies. The CPA course is designed from a global perspective and focuses on international accounting standards, laws, regulations, and principles. The CPA course can be pursued as an online certification course where you can enroll, attend coaching, and appear for exams online. But the exams are conducted in selective centers only. You can also opt for classroom certification course training or coaching.
Association of Chartered Certified Accountants is a professional accounting body in the United Kingdom and offers the Chartered Certified Accountant certification course. ACCA constitutes of 219,000 members and 527,000 students over 179 countries. ACCA is a globally recognized certification course and opens doors to job opportunities in several countries. It provides expertise in all the segments of accountancy like Business Accounting, Management Accounting, Financial Accounting and Management, Corporate and Business Law, Performance Management and Analysis, Taxation, Financial Reporting, Audit and Assurance on an advanced level.
One of the best features of the course is that the ACCA course is spread over three levels. Depending on the person’s educational background, they are eligible to enter from any one of the specified levels. That means you are exempted from appearing or studying subjects that have already been covered in the previous courses you have pursued. On the other hand, if a person has not completed their graduation or started directly after 12th, they will have to study additional subjects to cope with the knowledge gap. The ACCA course can be pursued as an online certification course, but you can choose to attend classroom certification course coaching.
CFA certification course is offered by the CFA Institute, which constitutes of more than 150,000 CFA charter holders across 165+ countries. A CFA certification is considered the highest designation in the finance industry and a highly respected designation globally. CFA course provides extensive knowledge and is recognized globally. CFA course covers various aspects of the finance segment involving more of analytical work with topics like quantitative methods, economics, financial reporting and analysis, tax analysis, equity investments, portfolio management, and performance measurements. The CFA course focuses on analysis, research, forecasting, financial, and portfolio management. The CFA course is divided into three levels, and the difficulty of the subjects increases with each level, thus testing your expertise. The CFA course can be pursued as an online certification course and you can choose to attend classroom certification course coaching.
FRM certification course is offered by the Global Association of Risk Professionals (GARP, USA). The FRM course trains the candidate to analyze and evaluate risks like credit risk, market risk, operations risk. FRM course focuses on the risk aspect of the business. It covers topics like management of risk, valuation and risk models, financial markets, and products. Financial Risk managers can work with banks, consulting firms, asset management companies, insurance, technology, and non-financial companies. Every business and even investments involve risks. As such, the demand for Risk Managers is increasing in various domains creating good career opportunities for candidates. You can pursue FRM as an online certification course.