Why CPA 5 Benefits to become a Certified Public Accountant

Hello, this is Stephanie from IPassTheCPAExam.Com. In this video, I would like to present 5 reasons
why anyone would want to be a CPA  now. First of all, what is CPA? CPA, which stands for Certified Public Accountants,
are finance professionals who have achieved expertise beyond a normal accountant through
advanced education, training and experience. In other words, they are like accountants
attaining the black-belt status.

Now, lets see how an accountant can benefit
from this title. First, prestige and the respect
As someone who manages to pass one of the toughest professional examinations in the
world, you gain the respect from family and friends, together with clients and business
partners. This prestige is going to help you in many
ways in your professional career. Second, higher compensation
I should mention up front that CPAs are paid better.

Robert Half, a global recruiting agency, publishes
annual reports that consistently show that CPAs, on average, earn 10 to 15% more than
their peers. The earlier you become the CPA, the earlier
you get the perks. Third, high demand Another important point is that CPAs are needed everywhere. Government, non-profit organizations and corporations
in all sorts of industries look for CPAs to fill their senior finance positions.

Therefore, it is not surprising that junior
accountants with CPA are preferred when it comes to recruitment and promotion. Fourth, every company needs a CPA! CPAs are also indispensable. With the many new regulations on compliance
after the financial turmoil in recent years, corporate accountability has become the number
one concern for companies and their shareholders. For internal compliance and external publicity,
they will extremely unlikely to get rid of these CPAs in whatever circumstances.

While the demand for CPAs has increased, the
supply is actually decreasing. You may not realize, but many CPAs are baby
boomers approaching retirement age. In fact, according to an AICPA report, 75%
of CPAs in the US are going to retire in less than 10 to 15 years. Lastly, its a matter of survival
Finally, a pressing reason for accountants to become a CPA is that, if you procrastinate,
you will be sorry in 5 to 10 years time when you become a controller or CFO without a CPA title.

You will be essentially forced to take the
grueling exam when you are 40 plus years old or else lose your job. Do you want to take the risk? To learn about how to become a CPA and how to prepare, study and pass the CPA exam, please check out my website or subscribe to my Youtube channel for updates. Thank you for watching, and see you in the next video..