For full text article go to : https://www.educorporatebridge.com/cfa/cpa-vs-cfa/ This article on CPA vs CFA will highlight important requirements, exam details and career prospects of these credentials and help you choose the right one for yourself.

1. CPA
vs.
CFA
By edu CBA

2. What is CPA?
•
Certified Public Accountant (CPA) has been so far the most known credential in
accounting and finance world.
•
It is legally essential in order to do specific jobs, such as public accounting i.e.
independent auditing.
•
It permits you to charge for accounting services you provide to the public.
•
It is quite useful when it comes to the corporate but essentially it is valuable in the
public sector.
•
For many people they see a CPA as someone who prepares tax returns, but CPA’s do
much more than that and also one does not require a CPA license in order to prepare
the same.

3. What is CFA?
• Chartered Financial Analyst could be one of the hardest credential to be
obtained. It is specifically focused on the investment banking process.
• It was introduced in the year 1963 and it is considered to be one of the highest
designations in the finance domain.
•
It is a credential that certifies its holder competent and honest.
• This reputation in the business world is recognized in many countries of the
world.
• The CFA degree is not a legal requirement in order to work as a financial
analyst but it is a good way to crack some of the most important jobs.

4. CPA
Exam Details
• In order to obtain the credential there
are four parts to the exam.
• As far the content and structure goes
it is the same in US and across states.
• It is a 14-hour computerized exam
There are various exam windows one
could schedule there exam in any of
them.
• The window is of two months period
and there are four such windows
during the year (Jan-Feb, Apr-May,
Jul-Aug, Oct-Nov).
CFA
• The CFA is a charter issued by the CFA
Institute after completion of the three
parts of the exam.
• The three parts of the exam do not test
subject matter independently, as the
CPA generally do.
• The first exam tests the candidates
broad financial principles, the second is
a more intensive test on financial
analysis and accounting, and the third
exam is broadly based on portfolio
management and decision making.

5. CPA
Requirements
• The educational criteria/requirement also
varies by state, but typically, in order to
appear for the CPA exam, applicants
should have a bachelor's degree along
with 120 semester hours.
• Additional educational requirements
generally comprise of 24 to 30 semester
hours in accounting, earned through a
graduate or bachelor's degree in business.
• Work experience is concerned would vary
across states but mostly they require to
have completed at least 1-2 years
working directly for the CPA.
CFA
• The educational requirements for the
CFA credential would require only a
bachelor’s degree.
• Even in case you do not have one this
condition can be satisfied if you have 4
years of professional experience.
• As in CPA there is experience condition
for the certification which is CFA would
require a four years professional
experience in related field that has a
direct role to play with the decision
making process.

6. CPA
Career
• You could work for any sized firm,
from a large CPA firm to a small
local accounting firm.
• At the firm you could work on any
of these varied fields such audit, tax
and management consulting.
• If you want to work for any business
corporate you could choose a field
in financial accounting and
reporting, management
accounting, financial analysis and
treasury/cash management, hedge
funds etc.
CFA
• Career paths could include
financial analyst, treasurers,
financial advisers, research
analysts, traders, private bankers,
portfolio managers, investment
banking analysts to name some.
• This charter provides you with
international recognition and
imparts skills that are highly
acknowledged.
• Moreover these jobs are
considered to more lucrative than
other finance jobs.

7. Knowledge is like a line
with no ends…
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