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texascpa2be Newbie
Joined: 28 Jun 2007 Location: United States
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Posted: 04 Sep 2009 at 00:52 | IP Logged
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Can anyone comment on how CPA career is going to be within next few years when US accounting will completely merge according to IFRS standards? What would be job scenarios?
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RAIN Contributor
Joined: 27 Aug 2009 Location: United States
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Posted: 04 Sep 2009 at 07:53 | IP Logged
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We are going to see "the SOX effect" again (hopefully to a lesser extent).
Public accounting firms will again be needed to assure compliance with the
new standards. Existing CPAs will be required to take CPE credits on IFRS
related subjects. The IFRS will be taught at schools and incorporated in the
CPA exam. Job scenarios - the demand for accountants knowledgeable of
IFRS will likely go up. My advice - be proactive and go for the ACCA
certification. You will be as good as gold when the IFRS kick in the USA.
__________________ CPA EXAM - PASSED
CFA?
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texascpa2be Newbie
Joined: 28 Jun 2007 Location: United States
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Posted: 04 Sep 2009 at 18:49 | IP Logged
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Thanks, RAIN for your advise.
what is ACCA certification and how would it help??
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RAIN Contributor
Joined: 27 Aug 2009 Location: United States
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Posted: 04 Sep 2009 at 19:01 | IP Logged
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texascpa2be wrote:
Thanks, RAIN for your advise. what is ACCA
certification and how would it help??
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Basically a chartered accountant under IFRS. By far the most popular
accounting designation in Europe right now and known in the USA as
well.
It's not a piece of cake though. It's definitely harder than the CPA.
__________________ CPA EXAM - PASSED
CFA?
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texascpa2be Newbie
Joined: 28 Jun 2007 Location: United States
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Posted: 04 Sep 2009 at 23:56 | IP Logged
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Well its seems hard.......Again thanks for the information.
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