What are the difficulties of CFA and CPA?

CFA and CPA are both certificates with high gold content, and CFA is a certificate in the field of financial industry. CFA, the abbreviation of Chartered Financial Analyst, is the strictest and most valuable qualification certification in the global investment industry. Known as the first financial examination, it sets norms and standards for the global investment industry in terms of ethics, professional standards and knowledge system. The certified public accountant is a certificate in the field of accounting. A certified public accountant is a certified public accountant, which refers to a practitioner who has obtained a certified public accountant certificate according to law and is entrusted to engage in auditing, accounting consulting and accounting services. The report issued by a certified public accountant in carrying out audit business according to law has the effect of proof.

CFA Level 1 exam is twice a year, and Level 2 exam is once a year. The examination covers a wide range of financial knowledge, while examining the latest financial market-related knowledge and the latest research results in the financial field. The difficulty of the exam increases with the improvement of the grade. Although it is not a registration exam, it is extremely difficult to pass Level 2 and Level 3. The pass rate at all levels is about 45%-50% (conditional probability), that is, candidates can only participate in the registration at the next level if they pass the previous level. It takes at least 20,000-30,000 RMB to complete all the exams.

The difficulty of CFA exam is that it is in English, and CFA qualification exam is in English. Candidates should not only have financial knowledge, but also have good English reading ability. For us whose mother tongue is Chinese, this is a challenge in itself. Even candidates majoring in finance can use netIC, NetCIN, NetPP &；; E it is not easy to mark the net investment capital, net working capital and long-term net assets. Secondly, it is difficult for CFA to take ten subjects in each exam. Fortunately, the difficulty is progressive. As long as you pass the first level, it will be a little easier to take the second level.

The difficulty of the note-taking exam, on the one hand, is high in gold content, and on the other hand, the subjects tested are increasingly biased towards practical operation ability, which brings great difficulties to many inexperienced candidates. Accounting is the most basic subject in the note-taking meeting, which has strong connection with other subjects, but it is not difficult. Audit is biased towards understanding, but the current reform is also oriented towards practice. Economic law depends on understanding memory. There are many contents in financial management cost accounting. Corporate strategy is closely related to auditing and financial management. The difficulty lies in the relatively high requirements for various subjects and the need for profound understanding. There are many questions in the exam, and time is a little tight. If you apply for six subjects at one time, it will be a great challenge to the candidates' knowledge reserve and physical strength, and the intensity is above the college entrance examination. Therefore, the examination of the note-taking meeting is a comprehensive and particularly comprehensive investigation, so it is also very difficult.

In fact, CFA and CPA are both certificates with high gold content, but they are still very different. If CFA pays attention to horizontal development, financial knowledge covers a wide range; However, CPA focuses on the longitudinal in-depth study and research of accounting professional knowledge. The direction of employment development is different. The specific choice can be based on your own employment plan. The exam is difficult, but as long as you review carefully, do the questions and practice, I believe everyone will pass the exam smoothly!