Top 11 Accounting Coordinator Certifications
This article provides an overview of the top certifications for accounting coordinators, including their required education and experience.
Published 19 min read
Certifications are important for an accounting coordinator to stand out in the job market. Employers look for applicants who have taken the time to gain specialized knowledge and skills related to the field of accounting. Certified professionals show a commitment to their profession and demonstrate a greater level of expertise than those without certifications. Having certifications gives accounting coordinators a competitive edge by showing potential employers that they have a higher level of knowledge and experience than other candidates, which can help them land better jobs and higher salaries. Additionally, certifications can open up new job opportunities in other industries or organizations that may not be available to those without certification.
The purpose of this article is to review some of the top certifications for Accounting Coordinators and explain how they can help advance an accounting coordinator's career.
What are Accounting Coordinator Certifications?
Accounting Coordinator Certification is a certification program designed to provide individuals with the knowledge and skills necessary to coordinate accounting activities within an organization. The program focuses on topics such as financial reporting, budgeting, accounts receivable and payable, general ledger management, cost control, auditing, tax compliance and more.
By obtaining Accounting Coordinator Certification, individuals demonstrate their competency in the field of accounting. This certification allows individuals to stand out from other applicants for positions that require strong accounting skills. Additionally, it can be beneficial for those who are already working in the field of accounting by providing them with additional credentials that can help them advance their career.
Having this certification also allows employers to have confidence that the person they hire has the knowledge and skills necessary to perform their job duties effectively and efficiently. Furthermore, it can help increase productivity within an organization as well as improve overall financial management practices.
Pro Tip: If you are considering pursuing a certification as an accounting coordinator, be sure to research the different certifications available and select one that is aligned with your current job role or desired career path. Additionally, make sure to read up on the requirements for each certification in order to ensure you meet all of the necessary criteria before applying.
Top 11 Accounting Coordinator Certifications
Here’s our list of the best certifications available to Accounting Coordinators today.
1. Certified Public Accountant (CPA)
A Certified Public Accountant (CPA) is a professional designation given to individuals who have met the educational, experience, and examination requirements set by their state board of accountancy. CPAs are licensed by their state to provide accounting services to the public.
To become a CPA, candidates must complete a certain amount of college-level coursework in accounting and related subjects, pass the Uniform CPA Exam administered by the American Institute of Certified Public Accountants (AICPA), and meet any additional requirements set by their state board of accountancy.
The amount of college-level coursework required for CPA licensure varies from state to state but typically includes at least 150 semester hours of study in accounting and related subjects. In some states, candidates may be able to substitute work experience for part or all of this requirement.
The Uniform CPA Exam is a four-part exam that tests candidates on auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. The exam is administered in two parts: the first part consists of four sections taken over two days; the second part consists of two sections taken over one day. The exam is offered year-round at Prometric testing centers throughout the United States.
The cost to take the CPA Exam varies from state to state but typically ranges from $150-$200 per section plus any applicable fees charged by Prometric. In addition, there may be other costs associated with obtaining licensure such as application fees charged by the state board of accountancy or review courses taken in preparation for the exam.
Overall, it can take anywhere from six months to several years to become a CPA depending on an individual’s educational background and level of preparedness for taking the exam.
2. Certified Management Accountant (CMA)
Certified Management Accountant (CMA) is a professional certification awarded by the Institute of Management Accountants (IMA). It is designed to demonstrate a mastery of financial planning, analysis, control, decision support, and professional ethics. The CMA credential is highly sought after by employers in the accounting and finance fields.
It takes an average of about 18 months to complete the CMA program. To get the CMA designation, candidates must pass two rigorous exams that cover topics such as financial planning and analysis, cost management, internal controls, decision support systems, and professional ethics. Candidates must also have at least two years of professional experience in management accounting or related fields.
The cost for taking the CMA exam varies depending on where you take it and how many parts you take at once. Generally speaking, it can range from $400 to $1,000. Additionally, there are fees associated with joining IMA as a student member ($50) or as a full member ($175).
3. Certified Internal Auditor (CIA)
Certified Internal Auditor (CIA) is a professional certification program offered by the Institute of Internal Auditors (IIA). It is designed to assess the knowledge and skills of internal auditors in areas such as risk assessment, control systems, audit processes, and compliance. The CIA is globally recognized as the premier certification for internal auditors.
To become a Certified Internal Auditor, you must meet certain eligibility criteria and pass a three-part exam. To be eligible, you must have at least two years of professional experience in internal auditing or related fields. You must also complete an approved ethics course.
The CIA exam consists of three parts: Part 1 – Essentials of Internal Auditing; Part 2 – Practice of Internal Auditing; and Part 3 – Business Knowledge for Internal Auditing. Each part consists of multiple-choice questions and takes approximately four hours to complete.
The cost to take the CIA exam varies by country but typically ranges from $450-$800 USD per part. In addition to the exam fee, you may also need to pay for study materials or courses to help prepare for the exam.
4. Certified Government Financial Manager (CGFM)
Certified Government Financial Manager (CGFM) is a professional certification offered by the Association of Government Accountants (AGA). It is designed to recognize individuals who have demonstrated knowledge and experience in government financial management.
The CGFM program consists of three examinations: Governmental Environment, Governmental Accounting and Financial Reporting, and Governmental Budgeting and Fiscal Policy. The examinations are administered by Prometric Testing Centers throughout the United States and its territories. Candidates must pass all three exams within a three-year period in order to be certified.
In order to be eligible to take the CGFM exams, candidates must meet certain educational or work experience requirements. They must have either a bachelor’s degree from an accredited college or university with 24 semester hours of accounting courses, or two years of professional-level experience in government financial management.
The cost for taking the CGFM program is $225 per exam plus any applicable taxes and fees. This fee covers the cost of registration, examination administration, scoring services, and other related expenses.
Once you have passed all three exams, you will receive your Certified Government Financial Manager (CGFM) certificate from AGA. This certificate is valid for five years from the date of issuance and can be renewed by completing continuing professional education credits every year during that time period.
5. Certified Fraud Examiner (CFE)
Certified Fraud Examiner (CFE) is a professional certification offered by the Association of Certified Fraud Examiners (ACFE). The CFE credential is designed to recognize individuals who have demonstrated knowledge and experience in the prevention, detection, and investigation of fraud. The CFE credential is highly sought after by employers and organizations worldwide as it provides assurance that an individual has the necessary skills and expertise to detect, investigate, and deter fraud.
To obtain the CFE credential, applicants must pass a comprehensive four-hour examination that covers topics such as fraud prevention, detection techniques, interviewing techniques, legal elements of fraud, financial statement analysis, report writing, ethics in investigations, and more. Applicants must also meet certain educational requirements and demonstrate at least two years of professional experience in the field of fraud examination or related areas.
The cost for the CFE exam varies depending on whether you are an ACFE member or nonmember. For members, the fee is $395 USD; for nonmembers it is $595 USD. Additionally, there are fees associated with application processing ($50 USD), study materials ($125 USD), and recertification ($100 USD). It typically takes about three months to receive your results from taking the exam.
6. Chartered Global Management Accountant (CGMA)
Chartered Global Management Accountant (CGMA) is a professional designation for management accountants, granted by the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA). It recognizes an individual’s expertise in financial management, strategic planning, risk management, performance management and other related areas.
In order to become a CGMA, you must have at least five years of experience in the field of finance or accounting. You must also pass the CGMA Exam which is administered by the AICPA and CIMA. The exam consists of two parts: a written exam and an online assessment. The written exam covers topics such as financial reporting, budgeting and forecasting, cost analysis, risk management and performance measurement. The online assessment includes questions on professional ethics and practice standards.
It typically takes between one to three months to complete all requirements for becoming a CGMA. After passing both exams you will receive your certification from the AICPA or CIMA.
The cost for becoming a CGMA varies depending on where you take the exams and if you need any additional study materials or courses to prepare for them. Generally speaking, it can cost anywhere from $500-$2,000 USD to become certified as a CGMA.
7. Certified Information Systems Auditor (CISA)
Certified Information Systems Auditor (CISA) is an internationally recognized certification for professionals employed in the information security and assurance field. It is offered by the Information Systems Audit and Control Association (ISACA). The CISA certification demonstrates a professional’s knowledge, experience, and competency in auditing, control, and security of enterprise IT systems.
To become a CISA certified professional, you must pass the CISA exam with a minimum score of 450 out of 800 points. The exam consists of 150 multiple-choice questions that cover topics such as governance, risk management, compliance, audit process and methodology, IT systems acquisition development and implementation, operations and maintenance, protection of information assets, business continuity planning and disaster recovery planning.
The exam can be taken at any Prometric Testing Center worldwide or online from anywhere with an internet connection. The cost for the exam is $575 USD for ISACA members or $760 USD for non-members. The exam fee includes one year of membership to ISACA which provides access to additional resources such as study materials and webinars.
It typically takes between 6 months to 1 year to prepare for the CISA exam depending on your background knowledge in information systems auditing. To help prepare for the exam it is recommended that you take advantage of available study materials such as books or online courses offered by ISACA or other organizations like Wiley or Kaplan. Additionally attending conferences related to information systems auditing can provide valuable insight into best practices in this field.
8. Certified Financial Planner (CFP®)
Certified Financial Planner (CFP®) is a professional certification awarded to individuals who have met the education, examination, experience and ethics requirements set by the Certified Financial Planner Board of Standards. CFP® professionals are held to rigorous ethical standards to ensure they act in their clients’ best interests.
The process of becoming a CFP® professional typically takes three years or more. To become certified, you must first complete a bachelor’s degree in finance or related field from an accredited college or university. You must then pass the CFP® Certification Examination administered by the Certified Financial Planner Board of Standards. After passing the exam, you must also meet certain work experience requirements and agree to abide by the CFP Board's Code of Ethics and Professional Responsibility.
The cost of becoming a CFP® professional depends on several factors such as the type of educational program you choose, whether you need to take additional courses, and whether you require any additional study materials or resources. Generally speaking, it can cost anywhere from $2,000-$5,000 for tuition and fees for completing all required coursework. In addition, there is an application fee for taking the exam which is currently $695 plus applicable taxes.
9. Chartered Professional Accountant (CPA Canada)
Chartered Professional Accountant (CPA Canada) is a professional designation for accountants in Canada. It is the highest level of certification available to accounting professionals in the country and provides assurance to employers, clients, and other stakeholders that a CPA has met the rigorous requirements set by CPA Canada.
It typically takes four years to become a CPA in Canada. The process involves completing an undergraduate degree in accounting or business, passing the Common Final Examination (CFE), and meeting the experience requirements of your provincial or territorial institute of Chartered Professional Accountants (CPA).
In order to obtain a CPA designation, you must first complete an undergraduate degree program in accounting or business from an accredited university or college. You must also pass the Common Final Examination (CFE). This exam tests your knowledge on topics such as financial reporting, taxation, assurance services, and management accounting. Once you have passed the exam, you must then meet the experience requirements of your provincial or territorial institute of Chartered Professional Accountants (CPA). This includes three years of relevant work experience under the supervision of a CPA.
The cost of becoming a CPA varies depending on which province or territory you are located in and what type of program you choose to pursue. Generally speaking, it can cost anywhere from $2,000 - $5,000 CAD to become a CPA in Canada. This cost includes tuition fees for courses taken during your undergraduate degree program as well as fees associated with registering for and taking the Common Final Examination (CFE).
10. Accredited Business Valuator (ABV)
Accredited Business Valuator (ABV) is a professional designation awarded by the Canadian Institute of Chartered Business Valuators (CICBV). This designation is given to valuators who have demonstrated a high level of expertise and proficiency in business valuation. The ABV credential is recognized by financial institutions, courts, and other organizations as an indication of the highest level of competence in business valuation.
It typically takes around two years to obtain the ABV designation. To qualify for this designation, individuals must complete an accredited course in business valuation and pass a comprehensive exam administered by CICBV. Additionally, applicants must have at least three years of experience in the field and submit references from two qualified professionals.
The cost to obtain the ABV credential varies depending on which course you take and whether or not you are a member of CICBV. Generally speaking, it will cost between $2,000 - $5,000 to become an Accredited Business Valuator.
Once you have obtained your ABV credential, you will be able to provide professional business valuation services to clients and employers. You will also gain access to exclusive resources and networking opportunities through CICBV that can help you further develop your skills as a business valuator.
11. Enrolled Agent Designation from the IRS
Enrolled Agent Designation from the IRS is a professional designation granted by the Internal Revenue Service (IRS) to individuals who have demonstrated expertise in tax matters and have passed a rigorous three-part examination. Enrolled Agents are the only federally licensed tax practitioners who specialize in taxation and have unlimited rights to represent taxpayers before the IRS.
It typically takes around a year to obtain an Enrolled Agent designation, as it requires passing all three parts of the Special Enrollment Examination (SEE). The SEE consists of three parts: Part 1 – Individuals, Part 2 – Businesses, and Part 3 – Representation, Practice and Procedures. Each part has 100 multiple-choice questions that must be completed within two hours.
To become an enrolled agent, you must first complete an application with the IRS. This can be done online or via mail. You will then need to pass all three parts of the SEE and submit proof of your qualifications to the IRS. Once your application is approved, you will receive an official certificate from the IRS confirming your enrollment as an enrolled agent.
The cost for taking the SEE varies depending on which testing center you choose, but typically ranges between $200-$400 per part. Additionally, there may be additional fees associated with submitting your application and obtaining your certificate from the IRS.
Do You Really Need a Accounting Coordinator Certificate?
The answer to this question depends on your individual situation and career goals. If you are interested in working as an accounting coordinator, then having a certificate from an accredited program may be beneficial. A certificate program can provide you with the knowledge and skills necessary to become an effective accounting coordinator.
The certificate program will cover topics such as financial management, budgeting, bookkeeping, and auditing. You will also learn how to use specialized software programs for tracking financial data and preparing reports. Additionally, some programs may include courses in ethics or business law that can help you understand the legal aspects of accounting.
Having a certificate can demonstrate to potential employers that you have the required skills and qualifications for the job. Employers may also prefer candidates who have completed a formal training program in accounting coordination versus those with only work experience or an informal education in the field. This could increase your chances of getting hired for a position as an accounting coordinator.
Ultimately, whether or not you need an accounting coordinator certificate is up to you and your individual goals. If you have aspirations of becoming an accounting coordinator, then obtaining a certification could help make your resume stand out from other applicants.
FAQs About Accounting Coordinator Certifications
1. What is an Accounting Coordinator Certification?
Answer: An Accounting Coordinator Certification is a professional certification that demonstrates proficiency in the field of accounting and financial management. It is designed to equip individuals with the knowledge and skills necessary to effectively manage and coordinate accounting activities within an organization.
2. What are the benefits of obtaining an Accounting Coordinator Certification?
Answer: Obtaining an Accounting Coordinator Certification provides numerous benefits, including increased job security, higher earning potential, better job opportunities, improved credibility among colleagues and employers, and more confidence in making important financial decisions.
3. What are the requirements for obtaining an Accounting Coordinator Certification?
Answer: The requirements for obtaining an Accounting Coordinator Certification vary depending on the certifying body, but generally include completing a certain number of hours of training or coursework related to accounting principles, passing a comprehensive exam, and meeting any other prerequisites set by the certifying body.
4. How long does it take to become certified as an Accounting Coordinator?
Answer: The amount of time it takes to become certified as an Accounting Coordinator depends on several factors such as prior experience in accounting or finance-related fields, the type of certification program chosen, and how much time is dedicated to studying for the certification exam. Generally speaking, it can take anywhere from 6 months to 1 year or more to become certified as an Accounting Coordinator.
5. Is there ongoing continuing education required after becoming certified as an Accounting Coordinator?
Answer: Yes, most certifying bodies require that you participate in a certain amount of continuing education each year in order to maintain your certification status. This usually involves taking additional courses or workshops related to accounting principles and practices in order to stay up-to-date with current industry trends and best practices.