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The Key Role Business Accounting Courses Can Play In Shaping an Accountant

Business accountancy is one of the most important work profiles in the world today. Business accountant is the person on whom the companies can rely upon in order to make sure that their finances are in good shape and also to make sure that the investment of the finances in various projects is made in the most profitable manner. Business accounting courses prepare an individual in order to become a competitive business accountant with the necessary skill sets as well as knowledge about their domains.
There are mainly two types of business accountancy courses that are widely recognized all across the globe. These are:

The CPA Course: The CPA course is the accounting course that has to be completed in order to become a successful business accountant in the country of United States. In order to be a CPA in the USA, it is required from the candidate to sit in the Uniform Certified Public Accountant Examination that is set by the American Institute of Certified Public Accountants. It is administered by the National Association of State Boards of Accountancy. The eligibility to sit in the exam is decided by the individual state board of Accountancy. There is a “150 hour rule” that has been adopted by the various states in the country as the eligibility criteria to sit in the exam. This rule generally means a US bachelors degree including a minimum number of qualifying credit hours in accounting and business administration along with an additional one year of study.

 The CA Course: The Chartered Accountancy course or CA is the designation that is given to the candidates who have successfully completed the course of the CA. The world’s largest accountancy body that conducts the CA course is the British accountancy body of Association of Chartered Certified Accountants (ACCA).

Some of the features of this examination are:

  1. The exam is conducted twice every year
  1. The syllabus includes 14 examinations that are divided into three parts and within which the third part consists of four optional papers out of which two are to be selected.
  1. The subjects that are generally included are the financial accounting, financial reporting, company law, corporate reporting, taxation, management accounting, audit and assurance
  1. If any change takes place in the accountancy profession, it is incorporated into the papers within the qualification.
Both of these business accounting courses are recognized by majority of the countries all across the globe.