Top 11 Staff Accountant Certifications

Certifications are an important part of a staff accountant's job market because they demonstrate a level of expertise and knowledge. They can help to prove the accountant’s qualifications and give potential employers assurance that the applicant is reliable and competent. Furthermore, certifications can demonstrate an individual's commitment to professional development, which is attractive to many employers. Additionally, certifications can provide access to higher-level positions or more specialized roles within the accounting field. Finally, certifications can also give staff accountants access to exclusive training programs or events, allowing them to stay up-to-date on industry trends and best practices.

The purpose of this article is to review the top certifications for Staff Accountants and explain how they can help advance their career.

What are Staff Accountant Certifications?

Staff accountant certification is an industry-recognized credential that demonstrates a professional's knowledge and competency in accounting. It is available to individuals who have passed the Certified Public Accountant (CPA) exam and have met the requirements to practice as a public accountant. The certification can help professionals demonstrate their expertise in accounting principles and practices, as well as gain recognition from employers and peers. With this credential, staff accountants can become more marketable in the job market and increase their earning potential. Additionally, having staff accountant certification may be beneficial for those who want to advance their careers by obtaining higher-level positions within the accounting profession.

Pro Tip: If you are considering becoming a staff accountant, make sure to research the certifications available and choose the one that best meets your career goals. Some popular certifications include Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA). Each of these certifications come with their own set of requirements and benefits so make sure to do your research before committing to any one certification.

Related: What does a Staff Accountant do?

Top 11 Staff Accountant Certifications

Here’s our list of the best certifications available to Staff Accountants today.

1. Certified Public Accountant (CPA)

A Certified Public Accountant (CPA) is a professional designation that is given to individuals who have met certain educational, experience, and examination requirements set by the state in which they are certified. The CPA designation is recognized as the highest standard of competence in the field of accounting and financial management.

It typically takes four years of college education and passing scores on the Uniform CPA Examination to become a CPA. Generally, most states require 150 semester hours of college credit for licensure, including a bachelor's degree with at least 24 semester hours in accounting and 24 semester hours in related subjects such as business law, economics, finance, and other business topics. Some states may also require additional coursework or experience beyond this basic requirement.

In order to become a CPA, individuals must first apply for licensure with their state board of accountancy. This application will include information about educational background as well as any relevant work experience. After submitting an application to the state board of accountancy, applicants must then pass the Uniform CPA Exam before they can be officially licensed as CPAs.

The cost of becoming a CPA varies depending on the individual’s situation but generally includes fees for application processing and exam registration fees. In addition to these costs, individuals may need to pay for study materials or courses needed to prepare for the exam.

2. Certified Management Accountant (CMA)

Certified Management Accountant (CMA) is a professional certification offered by the Institute of Management Accountants (IMA). It is designed to demonstrate mastery of financial planning, analysis, control, decision support, and professional ethics. The CMA credential is globally recognized and provides a competitive edge in the job market.

To become a Certified Management Accountant, applicants must meet the following requirements:

• Have a bachelor’s degree from an accredited college or university
• Pass two exams administered by IMA
• Have at least two years of professional experience in management accounting or financial management
• Agree to abide by IMA’s Code of Professional Conduct
• Maintain continuing education requirements as set forth by IMA

The CMA exam consists of two parts: Part 1 covers Financial Planning, Performance and Control; Part 2 covers Financial Decision Making. Each part has 100 multiple-choice questions and takes four hours to complete. The exams are offered twice a year in June and December.

The cost for taking the CMA exam varies depending on your country and whether you are an IMA member or not. In the US, non-members pay $415 per part while members pay $250 per part. For international candidates, non-members pay $450 per part while members pay $285 per part. Additionally, there may be additional fees associated with applying for the exam such as registration fees and late payment fees.

3. Certified Internal Auditor (CIA)

Certified Internal Auditor (CIA) is a professional certification offered by the Institute of Internal Auditors (IIA). It is the most recognized and globally accepted certification for internal auditors. The CIA credential demonstrates an individual's commitment to internal audit excellence, knowledge, and experience.

The CIA exam consists of three parts: Part 1: Internal Audit Basics; Part 2: Practice of Internal Auditing; and Part 3: Business Knowledge for Internal Auditing. Each part must be passed in order to become certified.

It usually takes approximately six months to prepare for the exam, depending on how much time you can dedicate to studying. To get started, you should first review the CIA Exam Syllabus, which outlines all of the topics covered on the exam. You will also need to purchase study materials from IIA or other vendors that specialize in preparing candidates for the CIA exam.

The cost of taking the CIA exam varies depending on your country or region. Generally speaking, it costs around $500 USD per part to register for the exam and take it at a testing center. Additionally, you may need to purchase additional study materials such as books or practice tests which can range from $50-$200 USD each depending on what you choose.

Overall, becoming a Certified Internal Auditor is a great way to demonstrate your commitment to internal audit excellence and advance your career in this field.

4. Chartered Global Management Accountant (CGMA)

Chartered Global Management Accountant (CGMA) is a professional designation from the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA). It recognizes an individual’s expertise in business, finance, and accounting. The CGMA credential is designed for professionals who are looking to advance their career in management accounting and financial management.

It typically takes around two years to complete the CGMA program. The program consists of three components: a self-study course, a comprehensive exam, and an experience requirement. The self-study course covers topics such as financial reporting, budgeting, cost analysis, and performance measurement. The comprehensive exam tests your knowledge of these topics. Finally, you must demonstrate at least two years of relevant work experience in order to earn the credential.

To get started on your CGMA journey, you will need to register with AICPA or CIMA and pay a registration fee of $100 USD. You will then be able to access the online self-study course material which costs $400 USD for AICPA members and $500 USD for non-members. Once you have completed the self-study course material, you can take the comprehensive exam which costs $250 USD for AICPA members and $300 USD for non-members. After passing the exam, you must submit evidence of your two years of relevant work experience before being awarded the CGMA designation.

In total, it costs around $750-$850 USD to become a Chartered Global Management Accountant (CGMA).

5. Certified Government Financial Manager (CGFM)

Certified Government Financial Manager (CGFM) is a professional certification program offered by the Association of Government Accountants (AGA). It is designed to recognize those individuals who have achieved a high level of knowledge and understanding in government financial management. The CGFM program consists of three exams that cover topics such as financial reporting, budgeting, and internal control.

It typically takes between one to two years to complete the CGFM program. During this time, applicants must pass all three exams: Governmental Environment, Governmental Accounting and Financial Reporting, and Governmental Budgeting and Financial Management. Once all three exams are passed, applicants can apply for the CGFM designation.

The cost of the CGFM program varies depending on which exam(s) you take first. Each exam costs $250 per attempt; however, if you purchase all three exams at once, it will cost $750 total. Additionally, there is an annual renewal fee of $125 for members of AGA or $150 for non-members.

Overall, obtaining the Certified Government Financial Manager designation can be a great way to demonstrate your expertise in government financial management and set yourself apart from other professionals in the field.

6. Certified Information Technology Professional (CITP)

Certified Information Technology Professional (CITP) is a certification program offered by the Institute of Certified Management Accountants (ICMA). It is designed to recognize professionals who have achieved a high level of expertise in the field of information technology. The CITP credential demonstrates that an individual has the knowledge, skills, and abilities to effectively manage and implement IT projects and initiatives.

The CITP certification process involves completing an application form, taking an examination, and meeting the ICMA's continuing professional education (CPE) requirements. To be eligible for the CITP credential, applicants must possess a minimum of three years of relevant experience in information technology management or related fields. In addition, applicants must also hold a bachelor's degree or higher from an accredited college or university.

The CITP exam consists of 150 multiple-choice questions covering topics such as IT strategy and planning, systems analysis and design, project management, risk management, security management, software development life cycle methodology, database design/administration/security/governance/and other related topics. The exam typically takes 4 hours to complete.

The cost of obtaining the CITP credential varies depending on the applicant's country of residence; however it typically costs around $600 USD for US residents.

7. Accredited Business Accountant/Advisor (ABA/ABA)

Accredited Business Accountant/Advisor (ABA/ABA) is a professional designation offered by the American Institute of Certified Public Accountants (AICPA). This designation recognizes individuals who have achieved a high level of knowledge and experience in the field of accounting and business consulting.

The ABA/ABA designation requires applicants to have at least five years of experience in accounting, auditing, taxation, or management consulting. Applicants must also pass an examination administered by the AICPA. The exam covers topics such as financial statement analysis, taxation, and auditing.

It typically takes several months to complete the application process for the ABA/ABA designation. Applicants must submit their application along with supporting documents such as transcripts, letters of recommendation, and proof of experience. Once all documents are received and reviewed, applicants will be notified if they are eligible to take the exam.

The cost for obtaining the ABA/ABA designation varies depending on which state you reside in and whether or not you are a member of the AICPA. Generally speaking, it costs around $800-$1,000 for non-members to take the exam and receive their certification.

Overall, obtaining an ABA/ABA designation is an excellent way to demonstrate your expertise in accounting and business consulting while also providing you with additional credentials that may help advance your career opportunities.

8. Certified Fraud Examiner (CFE)

Certified Fraud Examiner (CFE) is a professional certification awarded by the Association of Certified Fraud Examiners (ACFE). It is designed to recognize individuals who have achieved proficiency in the detection and deterrence of fraud. The CFE credential is earned through a rigorous process that includes passing an exam, completing a comprehensive background check, and meeting the ACFE’s ethical standards.

The CFE Exam consists of four parts: Financial Transactions & Fraud Schemes, Law, Investigation, and Fraud Prevention & Deterrence. The exam takes approximately three hours to complete and covers topics such as financial statement analysis, fraud investigation techniques, legal principles related to fraud examination, and fraud prevention strategies.

To become certified as a CFE, applicants must first meet eligibility requirements set by the ACFE. These include having at least two years of full-time work experience in either fraud examination or a related field such as accounting or law enforcement; being sponsored by an ACFE member; and completing an online application form. Once these requirements are met, applicants must pass the CFE Exam before they can be certified as a CFE.

The cost for taking the CFE Exam varies depending on where you take it but typically ranges from $200-$400 USD.

9. Enrolled Agent (EA)

Enrolled Agent (EA) is a designation given to individuals who have demonstrated expertise in taxation by either passing a comprehensive exam, or having worked for the Internal Revenue Service (IRS) for five years. Enrolled Agents are authorized by the U.S. Department of Treasury to represent taxpayers before all administrative levels of the IRS, including audits, collections and appeals.

In order to become an enrolled agent, applicants must pass a three-part exam administered by the IRS. The exam covers individual and business tax returns, representation and ethics. The exam can be taken in person or online and is offered twice a year in May and November. It typically takes six months to one year to complete the process of studying for and taking the exam.

The cost of becoming an enrolled agent varies depending on whether you take the test in person or online, as well as any study materials you may need to purchase in order to prepare for it. Generally speaking, it can cost anywhere from $300-$1000.

10. Chartered Financial Analyst (CFA)

Chartered Financial Analyst (CFA) is a professional designation offered by the CFA Institute. It is a globally recognized credential for finance and investment professionals. The CFA program provides an in-depth understanding of the global investment industry, including portfolio management, asset allocation, security analysis, and ethical and professional standards.

The CFA program consists of three levels of exams that must be completed within seven years. Each level requires approximately 300 hours of study time and includes topics such as economics, accounting, quantitative methods, ethics, corporate finance, equity investments, fixed income investments and derivatives.

To become a CFA charterholder you must:

1. Pass all three levels of the CFA exam

2. Have four years of qualified work experience in the investment decision-making process

3. Agree to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct

4. Become a member of the CFA Institute or an affiliated local society

5. Pay annual membership dues to maintain your charter status

The cost to take each level of the exam varies depending on when you register for it but typically ranges from $700-$1000 USD per exam level plus additional fees for study materials and other resources needed for preparation.

11. Certified Government Auditing Professional (CGAP).

Certified Government Auditing Professional (CGAP) is a professional certification offered by the Institute of Internal Auditors (IIA). It is designed to recognize the knowledge and skills required of an internal auditor in the public sector. The CGAP certification is intended to demonstrate a mastery of government auditing standards and practices, as well as an understanding of the unique challenges faced by government auditors.

To obtain the CGAP certification, applicants must first meet certain eligibility requirements. These include having a minimum of two years of experience in government auditing or related fields; passing a written examination; and completing at least 80 hours of continuing professional education in government auditing topics.

The CGAP exam consists of 150 multiple-choice questions that cover topics such as fraud detection, risk management, financial reporting, audit planning and execution, and performance measurement. The exam takes approximately three hours to complete and costs $350 for IIA members and $500 for non-members.

Once all requirements are met, applicants will receive their CGAP certification from the IIA. This certification is valid for three years before it must be renewed by completing additional continuing professional education credits.

Do You Really Need a Staff Accountant Certificate?

The short answer to this question is that it depends. If you are looking to pursue a career in accounting, then obtaining a staff accountant certificate can be beneficial. Having the certificate shows employers that you have taken the initiative to learn the necessary skills and knowledge needed for the job. It also demonstrates commitment and dedication to your profession, as well as a willingness to continue learning in order to stay up-to-date with the latest accounting standards and practices.

However, if you are already working in an accounting role but do not have any formal education or certification, then obtaining a staff accountant certificate may not be necessary for your current position. That said, having a certificate can still provide some benefits, such as giving you more credibility in the workplace and potentially leading to higher pay or better job opportunities down the line. Therefore, it is ultimately up to you to decide whether obtaining a staff accountant certificate is worth investing your time and money into.

Related: Staff Accountant Resume Examples

FAQs About Staff Accountant Certifications

1. What types of staff accountant certifications are available?

Answer: The most common staff accountant certifications include Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA).

2. How long does it take to become certified as a staff accountant?

Answer: The time needed to become certified as a staff accountant depends on the type of certification you pursue. Generally, it takes around two to four years to earn a CPA certification, one year for a CMA certification, and two years for a CIA certification.

3. What is the cost of becoming certified as a staff accountant?

Answer: The cost of becoming certified as a staff accountant varies depending on the type of certification pursued and the institution offering the program. Generally, CPA programs range from $500-$5,000, CMA programs range from $400-$3,000, and CIA programs range from $300-$2,500.

4. What qualifications do I need to become certified as a staff accountant?

Answer: The qualifications required to become certified vary by type of certification. Generally speaking, all require at least an undergraduate degree in accounting or related field with some additional coursework or experience in accounting or finance for certain certifications such as the CPA or CMA.

5. Are there any continuing education requirements for maintaining my staff accountant certification?

Answer: Yes, all three major certificates (CPA, CMA and CIA) have continuing education requirements that must be met every few years in order to maintain your certification status.