You may wonder if the CPA is worth it when you have ongoing CPA education costs. The answer is a resounding yes. The accounting world is constantly evolving, not least due to the development of new technologies and regulations. By gaining your CPA license, you’re essentially saying to a prospective employer that you not only have the technical accounting skills, but you understand how the profession is advancing.
Crucially, once you’ve completed the necessary training and obtained the right amount of credits to become a CPA, there’ll be lots of career avenues for you to explore. Potentially, you will have a wider selection of possible accounting career choices than studying for an MBA. You could go into tax accounting, tax advising, insurance, auditing – in fact, any field of accounting you wish. As a CPA, it’s not unrealistic to expect to become a CFO, controller, tax advisor, or forensic accountant at a large organization.
If you’re still asking yourself, “is the CPA worth it?”, it’s also worth keeping in mind that many businesses legally require a financial statement audit or review, which a CPA must complete.
Employers also recognize that the rigorous CPA exams give CPAs unparalleled tax law and upper-level accounting knowledge. Likewise, to maintain their licensure, CPAs are expected to follow a strict code of ethics, offering your employer further reassurance.
Crucially, CPAs can also function as fiduciaries, where they have the legal duty and power to act on behalf of, or in the best interests of, clients. Non-CPAs, on the other hand, cannot take on this responsibility.