Demand for US CPA in 2022

 Demand for US CPA in 2022

According to the Bureau of Labor Statistics, US Certified Public AccountantThe number of CPAs in the United States is expected to grow by 22 percent between 2022 and 2027. This growth is due, in part, to an increased demand for CPA services from businesses and individuals. If you're thinking about becoming a CPA, now is a good time to do so. The CPA designation will continue to be in high demand over the next decade, making it a great career choice for those who are looking for long-term job security.

Demand for US Certified Public Accountant in 2022

The Certified Public Accountant (CPA) designation is the gold standard of accounting credentials. Professionals holding this designation are recognized as professionals who can perform high-level accounting work for private companies, public companies, and non-profit organizations.

The Bureau of Labor Statistics (BLS) lists tasks performed by CPAs under their purview; these include auditing financial statements, preparing taxes, management advisory services, advice on corporate financial planning&investments, etc. This means that there will be a demand not just for certified public accountants but also for various types of professionals that can fill in the roles of accountants.

However, it is important to note that there are also many non-accounting careers for which a CPA certification is helpful if not necessary. For example, many CPAs work as tax specialists or financial consultants after practicing accounting for some time. Many other companies find it reassuring if their employees hold this high-level designation, no matter their job title or duties.

Value Addition to Your Resume:

The profession of accounting offers both flexibility and room for advancement. This makes the Certified Public Accountant an attractive credential to attain at any stage in one's career; whether you're just starting out looking for your first full-time employment position or seeking additional responsibility inside an organization where you're already employed, the CPA designation can be a valuable addition to your resume.

Because of the growing number of businesses in the US, there will be an increased need for accountants which means more job opportunities and thus also increasing salaries.

What are the benefits of US Certified Public Accountant certification?

The US CPA certification is a credential that signifies that the holder has met or surpassed high standards of professional competence as established by the American Institute of Certified Public Accountants (AICPA). To receive this designation, one must first meet certain requirements and pass a stringent exam after becoming a member of the AICPA.

As an internationally recognized third-party standard, it can help practicing accountants advance their careers and improve their job prospects both in the United States and abroad. The benefits associated with gaining this qualification remain relevant even if you don't plan on pursuing employment as a CPA. Many students choose to pursue this certification from college as they begin planning for life after graduation. Having this additional qualification on your resume will often land you more job opportunities and much higher starting salaries upon graduation.

The designation as a CPA affords one many benefits, such as allowing them to charge more for their services and giving them the ability to offer things like bookkeeping, tax planning, and even payroll services. Many small businesses want all of these things from just one company, so they will look for an accountant who has the CPA qualification and is equipped with all of the necessary tools and knowledge needed to handle these tasks.

The certification also allows accountants to teach at colleges and universities, which is very appealing to students looking for flexible options in life after college. Other benefits not directly related to employment or financial compensation include access to exclusive networking opportunities that can regularly bring about new job opportunities and access to prestigious career-building seminars and conferences. The AICPA even provides CPAs with access to retirement plans such as 401(k) and 403(b) accounts with matching contributions from companies.

Accountants don't always specialize in one specific aspect of the industry; some may choose to be generalists who work on various tasks, while others prefer focusing their efforts on a finite area, such as tax preparation or auditing. Gaining the CPA designation is an excellent way for any accountant to ascertain that they have mastered all aspects of this broad field before specializing in something more focused. In addition, having your CPA certification can help you get noticed more easily by potential employers since many hiring managers recognize the value of this qualification and often prefer to recruit accountants who have it on their resumes.

The US CPA certification helps accountants raise their professional standards and helps them achieve career goals that otherwise may never even be considered. This designation opens up more employment opportunities and allows for more flexibility in terms of choosing a career path. Since the requirements to become a CPA are less burdensome than those required to become an attorney or doctor, those who do not find practicing law or medicine appealing can turn toward accounting and still enjoy many of the benefits and prestige associated with holding this qualification. For these reasons and more, pursuing your CPA designation is one of the best decisions you will ever make as an accountant – or anyone interested in entering this field.

Final Words:

You can see that demand for US CPAs is expected to grow substantially over the next few years. So if you are interested in pursuing a career as an accountant, now may be your time! The Bureau of Labor Statistics predicts that by 2022, there will need to be more than 107,000 new accountants entering the workforce every year just to keep up with growing demand. This means that if you want a job as an accountant and start preparing today, it should not take too long before someone hires you!