Top Certifications for Accounting Professionals

October 01, 2020

Accounting is one of the most important languages of business. Advances in technology are also changing the business landscape for accounting professionals. In 2020, accountants must not only possess technical knowledge about accounting principles but should also embrace data science and analytics to improve a company’s performance. The Bureau of Labor Statistics expects accounting careers to grow at a pace of 13%, with more than 1.4 million jobs by 2022.

If you are looking to embark on a number-crunching career path, here’s our list of top accounting certifications that you can consider pursuing:

1. Chartered Professional Accountant (CPA)
CPA is a globally recognized and respected designation for accounting professionals. As a Canadian CPA, you can find your own niche and specialize in areas that interest you such as financial accounting, management accounting, tax accounting, public accounting, non-profit accounting, forensic accounting etc. Chartered Professional Accountants of Canada is one of the largest national accounting organizations in the world and is credited voice in the business, government, education, and non-profit sectors. CPAs play key roles within diverse segments of the Canadian economy including industry, public accounting, government, education and the not-for-profit sector. According to the CPA Profession Compensation Survey, the average compensation of professional accountants across different working sectors, age groups and regions was $141,000. 

2. Certified Professional Bookkeeper (CPB)
The CPB designation is the national standard of excellence for professional bookkeepers in Canada. If you’re an experienced bookkeeper or an accounting professional looking to build credibility and increase visibility, register with a national certifying body such as the Certified Professional Bookkeepers of Canada.

3. Certified Management Accountant (CMA)
Certified management accountants (CMAs) are involved in cost or management accounting. The Society of Management Accountants awards this designation in Canada. CMAs have higher earning potential and credibility because they can explain the “why” behind numbers, not just the “what.”

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