The Importance of Financial Certification! Want to Know the Reason?

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Did you know that professions in certain fields require certification to confirm expertise and support fluency in work? One of them is a profession in the financial sector. No wonder the profession in this field is in dire need of trained and certified people. So, certification in finance is very important, right!

In general, certification is evidence of a person’s competence. Because to get it, there are a series of trainings and exams that must be followed, including when you want to get a certification in finance.

The Importance of Financial Certification! Want to know the reason?

That way, certification will increase a person’s selling point compared to those who don’t have it. The company’s trust will of course also increase to employees who hold certification. They believe because they have handed over the responsibility to the experts.

Types of Certification in Finance

Talking about certification in the financial sector, PPM School of Management is very concerned about this. To improve the competence of its students, PPM School of Management provides various opportunities for students and graduates of the Bachelor of Business Accounting (SAB) Program to be able to pocket several types of important certifications in the financial sector.

Before knowing further what certifications are obtained, you should first know about the SAB Program. Well, the SAB PPM School of Management Program is designed to produce graduates who are able to become reliable, tough, ready to work accountants, and have an entrepreneurial spirit.

Graduates will have special competence in terms of taxation, both individuals and entities in accordance with applicable regulations in Indonesia. After graduating from this program, you will not only get a bachelor’s degree, but you can also get several certifications for certain types of competencies.

This will definitely be very useful for your future right? Several types of certifications that can be obtained by SAB Program graduates are:

1. A & B Pajak Tax Brevet Certification

A & B Tax Brevet Certification is a tax certification that is very important to support the finance profession. Brevet A is in the form of basic training that discusses all things personal income tax.

Materials that must be mastered include Personal Income Tax (PPh OP), General Tax Provisions part A (KUP A), Building Land Tax (PBB), Land and Building Rights Acquisition Fee (BPHTB), Stamp Duty, PPN A, and Charges Deductions (POTPUT).

While Brevet B, in the form of basic to intermediate level training. The thing learned is the tax provisions on the agency or company. Materials included in Brevet B include Corporate Income Tax, VAT B, Tax Accounting, and General Tax Provisions section B (KUP B).

You need to know, this A & B Tax Brevet Certification has been integrated with the SAB PPM School of Management Program curriculum. That way, there is convenience in terms of time and cost for SAB PPM School of Management students.

2. Certificate in Finance, Accounting and Business (CFAB)

As the name implies, the Certificate in Finance, Accounting and Business (CFAB) allows one to increase knowledge in the fields of accounting, finance, and business. CFAB is a certification program from the Institute of Chartered Accountants in England and Wales (ICAEW). ICAEW is the world’s leading professional accountant association with its head office in London and spread across 154 countries, including Indonesia.

3. Certified Risk Management Analyst (CRMA)

Certified Risk Management Analyst (CRMA) is a comprehensive program to expand knowledge and techniques in managing risk in organizations. CRMA issued by the Risk Management Professional Certification Institute (LSPMR) is an international standard certification.

4. ACMA CGMA Certification

SAB PPM School of Management graduates can also obtain Associate Chartered Management Accountant, Chartered Global Management Accountant (ACMA CGMA) certification. This certification is issued by the Chartered Institute of Management Accountant (CIMA) or CIMA Qualified for those who do not have work experience.

5. Certified Accurate Professional (CAP)

To get Certified Accurate Professional (CAP), you must take a computer accounting practice exam using Accurate software for advanced levels. Things that will be mastered such as how to setup a database and input transactions.

Of course, if you already hold this certification, you will have no difficulty when you have to work for companies that use Accurate. In addition to the certifications mentioned above, graduates of the SAB Program also obtain Junior Auditor Certification from the PPM Management Professional Certification Institute (LSP).

Then, for alumni who have had a career for 5 years at the Public Accounting Firm (KAP), they can immediately take the exam to get the Certified Corporate Forensic Auditor (CCFA) from the National Professional Certification Agency (BNSP). The more skills you will have.

Oh yes, to get these important certifications, there are terms and conditions that apply! So, it is not automatic that after graduation, you will certainly get all the certifications.

Whether or not you can get a certification, of course, also depends on the ability of each individual. What is clear, if you succeed in getting a certification when you graduate, you will have a qualified provision for a career in the national and international arena.

Benefits of Having Financial Certification

Certificate programs are often very beneficial for students looking to enhance their existing skill set, those seeking a career change or for first-timers audaciously stepping into a new career field.

What is a Financial Management Certificate? This certificate is specifically intended to provide students with the ability to define and correct corporate problems and analyze complications that arise in the corporate environment.

Modern techniques and procedures are often emphasized along with managing market patterns, risk and exposure to volatility. The financial management certificate program focuses on improving and expanding the company’s operations and prospective strategies.

Techniques developed to assess the condition of the company and determine the right game plan going forward. The financial management certificate is intended to help students improve their understanding of corporate mechanics and organizational logistics.

The training received through a management certification program is key to interpreting employee roles in the workplace and defining the duties that each employee must fulfill for top organizational performance.

Certificate programs vary in length, and their prices can vary equally. While pricing and program duration information is available for the school of your choice, you can reach the admissions office via an information request form with additional questions.

While there are many financial services sectors with job opportunities, a financial management certificate can be an impactful way to request higher-paying options.

Certificate programs go a long way in preparing students for careers in insurance, risk, analysis, and finance, among others. Corporate finance and risk management careers are also in high demand.

Employers are looking for individuals with educational leadership and financial services characteristics to fill these roles. Basic knowledge of the financial services industry is a must for successful career advancement. However, a Certificate in Financial Management can help propel you to the next level in your career.

How to get financial certification?

To be certified in finance, you must:

Completed an educational program approved by the CFP Board

For your school, you have a variety of possibilities. Once done, you must notify the CFP Board. Many course providers can help you with this.

Prepare to take the CFP test.

Once the CFP Board is notified of the completion of your education, you can proceed. In March, July, and November, the CFP test is offered three times a year. You must take the exam at 5 day intervals at one of the places recognized by the CFP Board.

You can register for the exam before completing your program, but you must provide the CFP Board with verification of your educational completion before the education verification date, otherwise you may be charged a fee.

  • Possess or obtain a bachelor’s degree from an approved institution or college.
  • You can take the exam beforehand, but you must complete your degree within 5 years.
  • Demonstrate knowledge in financial planning.

This can be 6,000 hours of professional experience in a relevant personal financial planning activity or 4,000 hours of extra standard internship experience.

Read more financial Management:

CFP Board Candidate Fitness Standards must be met.

To do so, you must agree to follow their ethical guidelines. You must also pass a background check and state a criminal history or termination of employment. For additional information on ethics, go here.

Regarding certification in the financial sector, we can conclude that it is a necessity for students who are currently studying. In this review, we have explained in detail the reasons for this. May be useful.

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