Please edit and rewrite the following in YOUR OWN WORDS... so that it cannot be
ID: 2424088 • Letter: P
Question
Please edit and rewrite the following in YOUR OWN WORDS... so that it cannot be passed as plagiarism. Also, it needs to pass turnitin.com inspection. I am just asking for a very skillfull rewording of this passage that is distinguishably and uniquely different.
What is a CPA?
A CPA, or Certified Public Accountant, is a designation reserved for accountants in the US who pass the CPA exam. This designation shows an expertise in the field. To become a CPA in the US, a student must pass the exam and meet other state requirements such as gaining a certain amount of work experience or furthered education. The CPA licenses accountants to provide their services to the general public. The CPA designation is taken very seriously, as its requirements maintain that only the most knowledgeable accounts can qualify. The designation is usually used behind a person’s name to signify the level of experience, and is often a punishable offense if it is used without actually passing the exam and requirements.
The CPA Exam Requirements
International students who want to become an expert in accounting and achieve the CPA designation will first need to pass the CPA exam. The exam is certainly not easy and tests many of the most important accounting principles. The exam is called the Uniform CPA exam, and the eligibility to actually take the exam depends on the exact state the student plans to test in. There are three main requirements for taking the CPA Exam. They are categorized as the 3 E’s: Exam, Education, and experience. One of the main qualifications to sit for the exam is advanced education. Undergraduate degrees carry 120 credit hours. The CPA exam usually requires 150 credit hours. This means students will have to achieve 30 hours of graduate level coursework. It most cases, an international student will take the 30 extra hours and then complete a few extra classes to earn a master’s degree in accounting. The exam also tests some of the laws of the state including contract and state laws and often tests the knowledge of federal laws as well. The third requirement to sit for the exam is usually some type of experience in the field of accounting. While not mandatory in all states, some states require that a CPA candidate have 2 years of work experience in accounting or tax preparation. Some states only require general experience in accounting.
Learn What a CPA Does
While the main function is to offer public accounting services, the CPA designation can allow accountants to do many other things. One of the main functions of a CPA is auditing, either for a small or large business. Auditors go through financial statements and make sure there are no discrepancies. Many CPAs go on to the executive levels for companies, as either CFOs or CEOs. In addition, many CPAs work in the tax field working income taxes and federal and state taxes for small or mid-sized companies. Other roles of CPAs include financial analysts, financial planners, forensic accountants, Management consulting, estate planning and corporate finance.
The Many Benefits of Becoming a CPA
Certified public accountants are at the top of their field. Students interested in studying accounting should give serious consideration about getting the CPA in the US. In order to grow in an accounting career a CPA designation is almost necessary. In addition, CPAs will usually get paid higher. Those with a master’s degree and CPA will see their salary go up even higher. In addition, being a CPA in the US will open the door for so many more career opportunities. Accounting professional are a hot commodity, and those with an advanced degree and CPA designation will be on the top of the list for most employers. Certified public accountants in the US have a lot of responsibility, but being at the top of your field is a great feeling! International students interested in studying accounting will find that becoming a CPA and graduating with a degree in accounting will allow them to chase there dream, whatever it may be, because it is such a versatile career and skillset.
What types of skills will I need?
To begin a successful career in accounting, you will need to develop a wide array of knowledge, skills and competencies, ranging from a strong understanding of accounting and business concepts to effective leadership and communication skills. You will also need to have a broad business perspective, which will enable you to "see the big picture" of the internal and external factors that impact how a business operates. Technology will also be a major enabler throughout your career, so it's critical to stay abreast of and utilize new computer applications and systems as necessary.
Problem-solving, analytical and research skills - You should be able to analyze, compare and interpret facts and figures. The ability to identify and solve unstructured problems in an unfamiliar setting and provide insightful consulting advice is a valued quality. Creative thinking will help you face issues on a daily basis and generate innovative solutions. Also, it is essential to be able to effectively and efficiently research, organize and report on technical and/or industry specific issues utilizing print, electronic or human sources.
Personal skills - Accounting is a service activity, and you will have to work well in teams as well as in one-on-one situations. Critical to any organization's success is the ability to lead, motivate and empower teams to attain clear, concrete, timely and measurable results.
Strong communication skills including the ability to be a good listener- You will be called upon to persuasively present, discuss and defend your views both formally and informally, in writing and verbally. Clients and co-workers will present you with issues and questions you will need to interpret and respond to quickly. The ability to show empathy and sensitivity to their situations will position you in a favorable light and earn their respect and trust.
Understand emerging technologies- You need to keep current on emerging technologies like e-commerce, image processing and workflow technology, and understand how these impact business operations and the use of information for decision making. You should know how to use the Internet, e-mail and discussion boards, as well as be familiar with the latest spreadsheet, database, word processing, accounting, and business and presentation software packages.
Broad Business Perspective- You need a keen business sense and an awareness of current events, both locally as well as globally. As a key business partner to clients and/or company management, you add value to the organization by making appropriate recommendations based on your understanding of company operations, policies, practices and competitive factors.
Explanation / Answer
What is a CPA?
Students passing the CPA exam in US are recognised as Certified Public Accountant. Passing exam is mandatory in US to be designated as CPA. However, apart form US, They should also meet other states requirements such as:
The CPAs licenses accountants to provide their services to the general public and they ensure that only most eligible accountants qualify. It is legally offensive to use the CPA title after the name without passing the exam and requirements.
The CPA Exam Requirements
Passing the CPA exam is the very first requirement for international students to become an expert in accounting and to be designated as CPA. This test checks the students on various accounting principles, contract laws, state laws and federal laws. It is termed as uniform CPA exam. The eligibility to take the exam varies with the state student resides in. However, the main eligibilities are 3 E's:
The main is advanced education and the student will have to achieve 30 hours of graduate level coursework.
The third requirement is required experience in the field of accounting. It also varies with the states. While some states do not mandate it while some may require 2 years of work experience in the accounting field.
Learn What a CPA Does
There are various functions of CPA to perform. Main roles of CPS are:
Besides these roles, some CPAs may go on to the executive level of the companies such as CFOs, CEOs. They may also work in the tax field working income taxes, federal tax and state taxes.
The Many Benefits of Becoming a CPA
Generally, CPAs are paid higher and one with the master degree can expect their salaries to go up and even higher. As accounting field is most in demand, any additional qualification will help students to keep themselves in top list of recruiters. Allover, CPA is a versatile carrer and it gives many benefits to accountants such as higher salaries, recognition etc.
What types of skills will I need?
An understanding of accounting concepts and business concept is important to deveop a strong base and competencies in accounting which may lead one to higher growth prospective. A farsightedness of business perspective is also mandatory to fully understand the internal and external factors of a business. A good knowledge of the technology is also one of the important addendum to boost your carrer.
Problem-solving, analytical and research skills
The ability to identify and solve unstructured problem in an uncomfortable situation, to provide insightful consulting advice, to analyze, compare and interpret facts and figures is a valued quality to be a CPA. A CPA is expected to be a creative thinker in order to solve problems in an innovative manner.In addition, if they effectively and efficiently research,organize and report on technical issues or industry related issues, they will be giving a big kick to their carrer.
Personal skills
Accounting is a service activity and teamwork is necessary. The ability to lead, motivate and empower teams to attain clear, concrete, timely amd measurable results is critical to the organisation's success.
Strong communication skills including the ability to be a good listener-
As a CPA, you should present your views persuasively and defend them in a professional manner. You should be a good listener as the clients and coworkers will present you with issues and questions. An emphathetic and sensitive to their problems would keep the CPAs in a favourable light.
Understand emerging technologies
You should be fully aware about the latest technologies, softwares adopted by the organisations. For example, e- commerce, image processing and workflow technology. Apart from understand the technology, their impacts on busioness operations should also be kept in mind which would help them in the decision making.
Broad Business Perspective
A keen business sense and an awareness of current events should be possessed by a CPA. Since you add value to the organisation by making appropriate recommendations and that is possible only by your understanding of company operations, policies, practices and other competitive factors.