A corporate finance and capital markets professional residing in California, James Kasim leads the capital markets and strategic initiatives functions of a prominent commercial real estate company. James Kasim, a member of the American Institute of Certified Public Accountants, is also a Certified Public Accountant (CPA).
According to the National Association of State Boards of Accountancy, becoming a CPA offers career advancement opportunities as well as an earning potential of up to 15 percent more than non-credentialed accounting professionals. In addition, obtaining CPA designation provides a level of job security.
As the Baby Boomer generation retires, the accounting industry faces a loss of experienced CPAs and has fewer qualified candidates to take over their roles. This challenge has resulted from a lower number of students completing accounting programs during the 1990s. Popularity grew in the technology sector, drawing students into programs focused on information technology and online marketing. As such, CPAs are now in greater demand.
Individuals holding the credential have more experience and education in internal auditing, financial accounting and reporting, and business environment and concepts, and they possess knowledge in regulations. In fact, the need for CPAs to uphold and enforce the Sarbanes-Oxley Act is crucial to guarantee public corporate accounting practices meet government standards.