The CGA designation offers professionals a truly distinctive edge. Employers and clients recognize that CGAs possess outstanding dedication and competence. Time and again, CGAs are sought after for senior financial management positions and are able to command substantial salaries.
As accounting business leaders, CGAs provide strategic counsel, financial leadership and overall direction across all sectors of the economy.
It is said that CGA is fastest growing accounting designations in Canada.The biggest achievement is that it has been here for more then 100 years. yes 100 years. It has gone through 100 years of changes / updates to make this designation ever stronger.
CGA goes beyond numbers, and therefore direct the organisation to achieve their mission and vision. Today in every sector of Canada, you will find CGA in Accounts and Finance department
Why Hire a CGA ?
There are three major accounting credentials valued in Canada. CGA, CMA and CA. Although they are up for merger in future. Talks and negotiations are underway. We will talk about employers benefiting from CGA in this section. If employer is trying to look for someone with auditing experience? Someone who has experience with auditing and strategy? Someone who has strategic background and approach ? Then CGA is the perfect candidate.
CGAs are known as a actual doers. When CGA is hired. They are the ones who have dipped in credits and debits all the time. If a CGA has worked three years on core skills with reconciliation, month end tasks and journal entries. They will be equipped to know base of accounting which will make them comfortable to do more complex analytical job. When accounting is learned from root levels it will make stronger when the approach comes towards different systems including ERP’s , forecasting system , planning work and consolidation tools.
When CGA is hired then employer can assure that they have hired someone who has 2 years of approved, full time experience at financial management and complex accounting level. All CGA’s have a lots of industry ready made experience. Also CGA will only receive there qualification if they have worked on all three persuits. They have worked on junor tasks as well as senior tasks. The main benefit as an employer is that you are hiring candidate with lots of experience and knownledge in acccounting. When CGA is hired. Employer is hiring an accountant’s accountant, technologically sound professional with lot of real industry experience, the one who will have no problem picking the basics of your business.
When CGA is hired. Employer is hiring an accountant’s accountant, technologically sound professional with lot of real industry experience, the one who will have no problem picking the basics of your business.
CGA Salaries – Surveys , Records , Data
After looking into different sites I was able to locate some interesting data around CGA’s Current 2013 Salary Trends .
1) Robert Half keeps doing active surveys and following is there extract for 2013
CGA Salaries From Robert Half
2) I came across survey done by Glassdoor.com
3) I came across survey done by Indeed.com
CGA’s can work in following Senior Level Positions.
Chief Financial Officer
Gives programmatic and operational help to the company. Chief Financial Officer takes charge of the financial unit. He will also act as a spokesperson for the financial related issues. Chief Financial Officer will deal with President or CEO. He may help Chief Operating Officer on many strategy or financial related matters which may relate to budget management, cost benefit analysis, future analysis needs and procuring new ways of funding.
They take care of everyday accounting modules like accounts payable, cash management , payroll and accounts receivable. They may also take care of monitoring financial reporting , analysis , manage investments , prepare budgets and manage insurance programs. They often direct special projects like internal audits, generate reports on corporate tax returns.
Director of Finance
They have to do through strategies of the organization, and will report to executive director. They are very participative manager. They lead and develop organization’s team to enhance following areas: finance, business planning, budgeting, human resources , IT and administration. They constantly act to increase quality programming and build capacity.
They analyze data affecting investment programs, such as stability, price, yield , trends , investment risks and economic influences. Analyze basic economic, industrial and corporate developments obtained from investment banking firms, financial publications and services, trade publications, local sources, local agencies. They analyze financial information to produce trends in business, industry , and economic conditions for making apt decisions in investments.
Benefits of CGA Part 2
In most of the industries with variety of developmental stages, they will need very strong professional they can rely on. This is why many accountants stand on good positions at all the major financial positions in most of the sections of our economy not just in Canada but also worldwide.
An accountant, you are relied on as the main financial tool to the business. This will allow any accountant working to know most of the organization in depth. In return the knowledge gained will make you suitable and well placed for promotions and many more opportunities they might occur in future.
CGA‘s do not just play with mighty numbers. On behalf of the company they take many splendid authoritative positions, co-ordinate in setting up the deals, provide invaluable strategy lookout and lot more.
One of the former chairman of the Financial Accounting Standards Board quoted, “The non-specialist specialist – that is, someone who is enough of a generalist and smart enough to work in a lot of different areas – is going to be a very valuable person.”
There are many surveys done. One of them by Robert Half International concludes that Chairman , CEO’s says that they would recommend any new accountant to those starting their field in accounts. The best one is undoubtedly general accounting.
Benefits of CGA
Taking CGA as a credential puts you a chance to make some serious money. Either you are looking for working in some big shot multinational company or you are willing to run your own business. You necessarily have that talent to make yours a rewarding career any part of the globe. Most importantly you will be free to make your work timing you have always thought of. You can now find time for the things that you were dreaming before.
Best part of being a CGA student is you can start putting the knowledge to work. You do not have to think about choosing between school and work ?. The sparking motivation factor is this 75% of CGA students are happily making 75k and plus. The next best part is the skills you will adept will be applied to work and your work will make you learn more skills. This way you are rewarded right away.