Uplift Pro's Alacarte Accounting Courses

From Bench to Board Room: Uplift Pro’s à la carte Menu for Finance Pros

Have you just passed your final school board exam or a college student with a commerce or non-commerce background and want to build your career in the accounting and finance domain? Wanna get a decent job in MNCs? If yes, this is for you. You might acknowledge that in today’s competitive world having a mere academic degree is sub-optimum to achieve your dream.

Are you a working professional in the accounting and finance domain and want to spread your wings in corporate leadership in the boardroom? If yes, this is for you.

If you belong to either of the above categories, you must possess a globally recognized professional credential that suits you to reach your desired destination.

Uplift Professional Academy having various international collaborations, is serving the following platters at the most affordable price for your perusal.

  • Uplift-Surgent US CMA Platter

You need to be a graduate from any background to clear a 2-part online exam that can be done in an average of a maximum of 18 months. Being a partner of IMA and Surgent International, it offers a much higher pass rate on the first attempt. This is a top-order management accounting certification preferred by the MNCs.

  • Uplift-Surgent US CPA Platter

You need to have a post graduate qualification to write this 4-part online exam and have an inclination to hard core auditing jobs and want to pursue independent practice in the USA. Surgent’s unique AI based software is the key element here to pass the CPA exam with end-to-end support from Uplift Professionals.

If you want to build your career in US taxation and you do not have classified academic qualification, this is for you. Just clear the 3-part online exam in 6 months and get licensed from Internal Revenue Services (IRS) of the US government. You can do a job in taxation or can practice as a tax expert.

  • Uplift-Hock CIA Platter

Uplift Pro in partnership with Hock International, is presenting an effective study package to make you a Certified Internal Auditor (CIA) at a much affordable price.

  • Uplift-Hock FMAA Platter

Are you just 12 pass or in college bench or still not confident to take CMA US? Here is the foundation course of limited duration single exam menu to get an international management accounting certification from IMA. This new course launched by IMA is being considered to have big promises.

  • Uplift-Hock CSCA Platter

This recent curriculum from IMA is meant for seasoned accounting professionals who want to expand their strategic management expertise. CSCA certification is meant for those who want to see them sitting in the boardroom as CFOs or higher ups. The one and only Hock International’s unique study material with Uplift Professional’s mentoring support can fulfil your dream in a decent way.

So, Hurry Up! Select your desired platter from the menu above and carry on.

For Further Information/Assistance: Contact Us

The Future of Accounting

The Future of Accounting: Emerging Trends and Skills

The field of accounting is undergoing significant transformations due to advancements in technology, changes in regulatory environments, and evolving business landscapes. Here are some emerging trends and skills shaping the future of accounting:

Emerging Trends:

1. Technology Integration:

  • Automation and AI: The use of automation, artificial intelligence, and machine learning is becoming prevalent in routine accounting tasks, allowing accountants to focus on higher-value activities such as analysis and strategy.
  • Cloud Computing: The adoption of cloud-based accounting software is on the rise, enabling real-time collaboration, data accessibility, and cost-effective solutions for businesses of all sizes.
  • Blockchain Technology: Blockchain is revolutionizing the way transactions are recorded and verified. It enhances transparency, security, and efficiency in financial processes, reducing the need for traditional ledgers.
  • Data Analytics: Accountants are increasingly using data analytics to extract meaningful insights from large datasets. Analytical skills are becoming crucial for interpreting financial data and informing business decisions.
  • Cybersecurity: With the increasing reliance on digital platforms, the protection of financial data from cyber threats is a growing concern. Accountants need to be well-versed in cybersecurity measures to safeguard sensitive information.

2. Sustainability Reporting:

There is a growing emphasis on sustainability and environmental, social, and governance (ESG) reporting. Accountants are expected to integrate non-financial metrics into their reporting practices.

3. Remote Work and Flexibility:

The rise of remote work, accelerated by global events, is influencing the way accounting professionals collaborate and conduct their work. Virtual teams and flexible work arrangements are becoming more common.

4. Regulatory Changes:

The accounting profession is subject to evolving regulations and compliance standards. Accountants need to stay updated on changes in accounting standards, tax laws, and financial reporting requirements.

5. Client Advisory Services:

Accountants are increasingly taking on advisory roles, providing strategic guidance to clients based on financial analysis and insights. This shift from a compliance-focused role to advisory services adds value to clients.

6. Globalization and International Standards:

As businesses operate on a global scale, accountants need to be familiar with international accounting standards and regulations to ensure accurate financial reporting and compliance.

Emerging Skills:

1. Digital Literacy:

Accountants must be digitally literate, with proficiency in using accounting software, data analytics tools, and other technology platforms.

2. Analytical Skills:

The ability to analyse large datasets and extract meaningful insights is becoming increasingly important for accountants to support decision-making.

3. Cybersecurity Awareness:

A solid understanding of cybersecurity principles is essential to protect financial data and ensure the integrity of accounting systems.

4. Communication Skills:

As accountants take on advisory roles, effective communication skills are crucial for conveying financial information and insights to non-financial stakeholders.

5. Adaptability and Continuous Learning:

The accounting profession is evolving rapidly, and professionals need to be adaptable and committed to continuous learning to stay abreast of emerging trends and technologies.

6. Critical Thinking:

The ability to think critically and solve complex problems is valuable for accountants facing new challenges and uncertainties.

7. Ethical Judgment:

With increased reliance on technology and data, ethical judgment is essential to ensure the integrity and confidentiality of financial information.

8. Interpersonal Skills:

Collaborative and interpersonal skills are important for accountants working in cross-functional teams, especially in a remote or virtual work environment.

9. Strategic Vision:

Accountants are expected to contribute strategically to the organization’s goals. A strategic vision helps in providing valuable insights and guidance for decision-makers.

10. Sustainability Expertise:

Understanding sustainability practices and incorporating ESG factors into financial reporting requires expertise in sustainable business practices.

To sum up, as the accounting landscape evolves, accounting professionals need to embrace these trends and continually update their skills to stay relevant in a dynamic and technology-driven environment.

For Further Information/Assistance: Contact Us

New-Age Accountant Evolution

Evolution of the New Age Accountant

Since inception, the accounting career and profession encompasses significant evolution in principle and practices. The decade old manual bookkeeping systems to maintain financial records sometimes with handwritten ledgers and hefty paper works has been partially replaced by use of computers and software like QuickBooks to some extent. This resulted in a generation of stereotyped but hard-working accountants. Now, we are at the doorstep of tremendous technological metamorphosis in every sphere including the professional accounting domain. Keeping this in mind, today’s challenge for accounting professionals is a demand of transformation from a hard-working accountant to a new age “Smart accountant” par se.

Let us discuss the main pillars to accept such challenges through digitization and recent advancements in accounting technologies which a new age smart accountant must be familiar with.

Cloud Computing

Cloud -based solutions bypass traditional installation of accounting software in individual computers. Here, it is hosted by third- party servers where accountants have accessibility through web browsers with automatic saving of back-up data in the cloud. This is cost-effective for the companies, highly scalable and can be operated from any compatible device from any location.

Robotic Process Automation (RPA)

This replaces human intervention for repetitive accounting tasks through automation. This includes generation and scanning of invoices, detection of variances in financial records and response to vendor inquiries etc. Finally, it reduces human error also.

Machine Learning

Here comes the use of algorithms in various models which enormously help to handle vast data sets with smooth transaction processes and real-time data predictability -a boon for a new age smart accountant.

Data Analytics

This amalgamation of software, tools and statistical procedures create in depth insights into the financial status and prediction through effective analytics. The various analytical tools help in problem solving, risk assessment, performance monitoring and forecasting etc. Through this, a new age smart accountant can design business strategies based on data analytical decisions.

Artificial Intelligence

Artificial intelligence (AI) is invading the accounting field at a great pace and revolution. It can manage and analyze huge data in a short period, can replace repetitive accounting jobs thus saving time and provide the new age smart accountant to focus more on critical thinking and strategic decision -making abilities.

Cybersecurity

This newly advancing technology helps the new age smart accountant to keep the sensitive data safe and protect from fraud and criminal activities.

Summary

As we are experiencing, enchanting technological developments are influencing the accounting profession at a great pace and remodeling the accounting industry to newer shape. Hence, to cope with this revolutionary process and to make the conventional accounting job future proof, conversion of hard-working accountant to a new age smart accountant is the need of the hour. One of the ways to achieve this is fetching a good international professional credential in the academic accounting portfolio to become a New-age Smart Accountant.

For further information/assistance, contact:

www.upliftprofessionals.in

FMAA

FMAA – The New ‘Paradigm Shifter’ in Accounting and Finance

FMAA (Financial and Managerial Accounting Associate) is the new entrant from the portfolio of Institute of Management Accountants (IMA) that was introduced recently and is being considered as a path breaking foundational certification course for accounting and finance professionals. Acquiring the FMAA certification will help the professional, particularly at the entry level to make them more presentable to the present-day employers with solid foundational knowledge and upskilling in present and future accounting arena. With the current challenges faced by the accountants with the intrusion of technologies and shortage of well-equipped accountants, the FMAA certification is meant to break the traditional barriers to make the field wide open for not only the accounting field but also from other domains to make it accessible for any business professionals.

FMAA Eligibility

The beauty of this innovative curriculum is regardless of educational background, there are no prerequisites to pursue the FMAA certification course allowing business professionals as well as entry level personnels from every corner to attain this certification.

FMAA Course

To get the FMAA certification, one must acquire knowledge in 5 below mentioned content domains with respective weightage of each section.:

  • General accounting and financial management (25%),
  • Financial statement preparation and analysis (25%),
  • Planning and budgeting (20%),
  • Cost management and performance metrics (20%),
  • Professional ethics (10%).

FMAA Exam

With a recommended 50 hours of study, the FMAA is a single part exam of 2 hours duration having 80 MCQs to answer.

FMAA Registration

As per IMA, it will start from January 2024 for the initial testing windows of March 2024 in English and exams will be conducted by Prometric centers across the globe.

Summary

The FMAA certification program provides a unique innovative opportunity for accounting students and professionals to acquire essential fundamental accounting and finance skills for everyday use in the workplace, including the tech sector financial services. Apart from the budding accountants, FMAA is aimed to target talent acquisition in professionals from non-accounting sectors too and those are not able to pursue the CMA US program to make them hirable by the employers.

For further information/assistance, contact:

www.upliftprofessionals.in

Accounting Certifications Employers Really Want to See | Uplift Professionals

Earning certifications in finance and accounting is a big step toward improving your marketability and career advancement as a professional in this field.

Continuing education is an investment in time and money, of course, and your employer may help make the case for credentials. Robert Half research shows that a majority (72 percent) of CFOs interviewed say their company will cover all or some of the cost of obtaining a professional certification, and 76 percent said their organizations help in maintaining such certifications once they’re earned.

What are the best accounting certifications?

The answer depends on your career path, specialization plans, resources and eligibility. Of the numerous certifications, each has its own requirements with regard to education, work experience and examination. Each, too, has specific skills to be gained by attaining it and ways in which it would benefit your career and positioning as an expert in the field of accounting and finance.

  • Certified Public Accountant
  • Chartered Global Management Accountant
  • Certified Management Accountant
  • Chartered Financial Analyst
  • Certified Financial Services Auditor
  • Certified Internal Auditor
  • Certified Fraud Examiner
  • Certified Government Auditing Professional
  • Certified Information Systems Auditor
  • Certified Information Technology Professional

Let’s first take a closer look at three certifications geared to careers in corporate accounting.

Certified Public Accountant

The Certified Public Accountant (CPA) license has a long reputation as the gold standard for accounting and finance roles in the United States. With this accounting certification, you validate your expertise in forensic accounting, tax, compliance, risk management and other skills that can lead to top CPA jobs.

Granted by: American Institute of Certified Public Accountants (AICPA)

Estimated cost: $2,000 to $3,000

Prerequisites: Five years of higher education, a minimum number of continuing education credits in business and accounting (typically about 150), and verified relevant experience

Exam requirements: Four levels; can be taken in any order

Time to certification: Passing the CPA exam usually takes a year; exam and license requirements vary state by state, but most state boards require one year of accounting experience before you get the license.

Ongoing requirements: Requirements for continuing professional education (CPE) credits vary by state.

Who should get it: This designation is a versatile one, as CPAs work in public accounting, management accounting, governmental accounting, taxation, financial advisory, compliance and other roles. The CPA is highly valued throughout the accounting industry, and some companies require it for managerial jobs. If you know you want to make your career in accounting and have the time and money to invest, the CPA is a good credential to pursue.

To learn more about how to make the most of your accounting and finance career and find your next job, mail to info@upliftprofessionals.in.

Chartered Global Management Accountant

The Chartered Global Management Accountant (CGMA) financial certification is a global designation for CPAs working in business and government. It’s an achievement that demonstrates your competency in management accounting skills and your expertise in developing strategy that connects all aspects of business.

Granted by: Both AICPA and the Chartered Institute of Management Accountants (CIMA), two of the world’s leading accounting organizations

Estimated cost: $325 plus membership fee for AICPA; for CIMA, cost of designation is included in membership

Prerequisites: Any AICPA member is eligible, with an experience requirement of three years of relevant, work-based, practical management accounting experience. CIMA members are already qualified.

Exam requirements: One computerized case study taken on site, which asks for long-form, written answers that reflect management accounting competencies

Time to certification: Exams offered four times a year; results released within four weeks

Ongoing requirements: Membership in good standing

Who should get it: Finance and accounting professionals who want their experience and skills recognized throughout the world, in addition to research, tools and a global network

Certified Management Accountant

The Certified Management Accountant (CMA) certification is sponsored by the IMA (Institute of Management Accountants), and is recognized globally. Professionals who hold this accounting certification demonstrate mastery of critical accounting and financial management skills from a generalized, managerial and internal perspective.

Granted by: IMA

Estimated cost: $1,000 to $2,000

Prerequisites: A bachelor’s degree and two consecutive years in financial management or management accounting

Exam requirements: Two levels, with a total exam time of eight hours

Time to certification: Typically one to two years

Ongoing requirements: 30 hours of CPE credits

Who should get it: Many accountants choose to get both the CPA and the CMA, as there is considerable overlap in the exam topics. The CMA is often considered a more practical application of the theoretical concepts tested in the CPA exams and is recommended for accountants in the corporate sector, particularly in large, multinational companies.Learn more about CMA US here: https://www.upliftprofessionals.in/CMA-USA.html

If you are considering a career as a financial analyst, or already working as one, you’ll want to look at the CPA license, as well as professional finance certifications.

Here are five certifications for careers in banking and financial services.

Chartered Financial Analyst

Chartered Finance Analyst (CFA) certification demonstrates your knowledge and competence regarding principles of portfolio management, investment analysis, economics, and professional and ethical standards.

Granted by: CFA Institute, a nonprofit based in the U.S.

Estimated cost: $2,500

Prerequisites: A bachelor’s degree and four years of relevant experience

Exam requirements: Three levels, with a total exam time of 18 hours; you must pass one level before you move to the next

Time to certification: Can be completed in 18 months, but most people take more than two years

Ongoing requirements: A recommended 20 hours of CPE credits, with at least two hours of standards, regulatory and ethics education

Who should get it: This has become a must-have for security analysts and asset managers in the investment community. Finance professionals who are (or aim to become) equity analysts, fund managers or hedge fund managers will also find the CFA useful, as will anyone who hopes to reach the CFO or senior finance manager levels. If you are pursuing a career in audit, however, it won’t be particularly useful to you.

Certified Financial Services Auditor

The Institute of Internal Auditors’ Certified Financial Services Auditor (CFSA) is a specialty certification for audit professionals who have a minimum of two years of experience in financial services organizations, such as banks, holding and investment companies, insurance companies, credit agencies, or security and commodity services.

  • These certifications are geared to audit, fraud and risk managementcareers.

Certified Internal Auditor

The Certified Internal Auditor (CIA) is the only internationally accepted designation for the internal auditor career path, and people who hold this financial certification demonstrate competence in areas such as risk and control and information technology, as well as proficiency in working with internal staff and external clients.

Granted by: Institute of Internal Auditors (IIA)

Estimated cost: $1,500

Prerequisites: A bachelor’s degree and two years of internal audit experience (but a master’s degree can substitute for one year of experience)

Exam requirements: Three levels, with a total exam time of 6.5 hours

Time to certification: Typically a year to 18 months

Ongoing requirements: CPE credits are required; the number depends on your work status

Who should get it: The CIA is really only useful to internal auditors, with particular importance for those who would like to become managers or chief audit executives. 

Learn more about CIA US here: https://www.upliftprofessionals.in/CIA-USA.html

Certified Fraud Examiner

Available to members of the Association of Certified Fraud Examiners, the Certified Fraud Examiner (CFE) is beneficial for finance professionals focused on anti-fraud endeavors across private and public agencies. Passing the CFE exam demonstrates expertise in the four main areas of fraud examination: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence.

Applicants for the CFE exam need to submit documentation of their education and work experience, along with three professional recommendations.

Certified Government Auditing Professional

The Institute of Internal Auditors offers the Certified Government Auditing Professional (CGAP) for audit practitioners in the public sector. It demonstrates skill in the unique requirements of government auditing. To qualify for the exam, auditors must have two years of experience in government auditing.

Here are two certifications for accountants with information technology careers.

Certified Information Systems Auditor

Accountants holding a Certified Information Systems Auditor (CISA) certification can show they have a proficiency in information systems control, security and auditing.

Granted by: ISACA (previously known as the Information Systems Audit and Control Association)

Estimated cost: $450 for members; $650 for nonmembers

Prerequisites: No experience is required to take the exam

Exam requirements: 150 questions; four hours, on site at locations worldwide

Time to certification: A minimum of five years of professional information systems auditing, control or security work experience is required for certification, with some substitutions possible

Ongoing requirements: Maintenance fees and CPE hours

Who should get it: Information systems audit, control and security professionals who desire global recognition

Certified Information Technology Professional

Offered by the AICPA, the Certified Information Technology Professional (CITP) is a specialty credential for CPAs who want to demonstrate technology skills that can help a company span the gap between business concerns and technical consideration. Aside from passing the CITP exam, additional requirements include having a minimum of 1,000 hours of business experience and 75 hours of continuing education in information management and technology assurance within the five years preceding application for the CITP.

Certifications for specific roles

Accounting education, from associate’s, bachelor’s and graduate degrees to certifications, is valuable not only for moving your career forward but also for expanding your skills and expertise to become a more well-rounded professional.

It can also help you become a more desirable job candidate or employee, one who can command a higher salary. According to the Robert Half Salary Guide for Accounting and Finance Professionals, specialized certifications can put you at the higher end of the compensation tables.

What are the most highly sought accounting jobs and the credentials that would boost your resume if you were aspiring to them? Here’s an alphabetical list of a few:

  • Accounts receivable/accounts payable — Most accounts receivable/accounts payable professionals hone their skills with on-the-job experience. But an accounts receivable or accounts payable certification can make you a more desirable applicant or move you up the job ranks. AR professionals might look into Accredited Receivables Manager (ARM) or Accredited Receivables Specialists (ARS) certifications. AP professionals might consider the Accredited Payables Manager (APM) and Accredited Payables Specialist (APS) credentials.
  • Auditors — To reach higher-level auditing positions, you’ll want to consider a Master of Business Administration (MBA), as well as a CPA or CIA. IT auditors should look into the CISA, rather than the CIA.
  • Business and business systems analysts — Business analysts and business systems analysts can increase their marketability by acquiring an MBA. If you want to go a step further, you can sit for the Certified Business Analysis Professional (CBAP) or Certification of Competency in Business Analysis (CCBA).
  • ​​Compliance professionals — The options for compliance certifications vary, depending on your industry and specialization, and they are almost as numerous as regulatory mandates. Options include the Certified Compliance and Ethics Professional (CCEP), Certified Compliance and Regulatory Professional (CCRP), Certified Regulatory and Compliance Professional (CRCP) and Investment Adviser Compliance Certification Program (IACCP).
  • Controllers — If you’re a controller on the job market, an MBA will distinguish you from other candidates, especially if it’s accompanied by a CPA or CMA credential. It’s important to note that most employers prefer the CPA, making it one of the most in-demand certifications.
  • Cost accountants, staff accountants, senior accountants — You can propel yourself upward in these accounting jobs by obtaining a CPA or CMA. Employers prefer the CPA, and if you’re looking to hit senior or management levels, an MBA can help you get there.
  • Financial analysts — To make the preferred candidate list as a financial analyst, you’ll need a CPA or an MBA. Having both is even better.
  • Payroll professionals — Looking to land your dream payroll job? The Certified Payroll Professional (CPP) designation can help you make it to supervisory roles.

Have you seen enough acronyms for one article? Here’s another: The AICPA’s Certified in Entity and Intangible Valuations™ (CEIV™) credential is for CPAs and finance professionals to demonstrate a commitment to enhancing audit quality, consistency and transparency in fair value measurements for public company financial reporting purposes in the U.S.

When considering what accountant certifications to pursue, carefully study how each might help advance your career. Your choice may be swayed, for instance, by whether you work in private vs. public accountingThe niche that is your company’s focus might also dictate your direction as well as your own career aspirations.

Do you have the certifications needed to set yourself apart from other candidates and command a higher salary? If not, there’s no time like the present to show employers you mean business and increase your career opportunities by investing in professional development.

Contact Uplift PRO at info@upliftprofessionals.in for your certification.

Source: Robert Half February 23, 2019