Myths and Realities of Professional Accounting The word "Accounting" perhaps conjures up images of long hours behind a desk crunching numbers with very little interaction with the outside world. The perception that accountants are responsible for juggling figures and judging the financial capabilities of business is a very archaic concept and far from the truth. Professional accountants have a far more versatile role to play They are professional service advisers, offering solutions to all business problems. They help businesses and organisations improve their effectiveness and achieve their objectives. Who sets standards? The IASB (International Accounting Standards Boards)and the IFAC (International federation of Accountants) monitor the global accounting practices What areas can I get expertise in? An exciting array of career choices from : Assurance and audit Corporate finance Corporate recovery/insolvency. Forensic accounting Taxation Financial outsourcing Consultancy Internal audit Financial accounting Management accounting Ethics and compliances What are the internationally recognised qualifications? Some of the well known qualifications are: USA: CPA – Certified Public Accountant CMA - Certified management Accountant CFA – Certified Financial Analyst CIA – Certified internal Auditor UK : ACCA - Certified Chartered Accountant CIMA - Certified management Accountant CIPFA – Chartered Public Finance Accountant Other qualifications There are also a whole range of other qualifications which may prove just as suitable like an MBA, Acturial Science, Securities and Investment, Taxation etc