A financial analyst CPA background can be very beneficial, as the accounting experience gives them a very strong understanding of financial statements, journal entries, and analysis. The main difference between a financial analyst vs accounting role is that analysts look at the future, while accountants look at the past. The most common credential for accountants is the CPA, while the most common credential for an analyst is a Bachelor’s degree plus a professional certification like the FMVA or an MBA degree.
Below is a break down of subject weightings in the FMVA™ financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
CFI is the global institution behind the financial modeling and valuation analyst FMVA™ Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover: