Plan A Prosperous Future With Certified Financial Planning

If you are close to the age of fifties and you have never done much of Financial Planning, then you have a hint that you are not going to enjoy all those luxuries in coming years, i.e. after retirement. Anyway it is never too late as you can still make a decision as there are so many investments schemes and policies that you can still make sure of a good living and make proper use of your limited resources with the help of a professional with Financial Planner Certificate.

However, if you are still young, it would be advised not to procrastinate with your money and start contriving your future plans. You have always been familiar with Certified Financial Planning, but of course choosing a right advisor for yourself has never been easy. There are many professionals with Financial Planner Certificate, but you should always protect yourself as their certificate does not guarantee their honesty. It is always better to refer your colleagues, relatives and friends about some trusted advisors they know. If that doesn’t work, you can find out from Financial Planning Association which runs many certified financial planning programs as they can better tell you about credible advisors.

For those who have just graduated from college and are looking for a bright future and do not know much about Certified Financial Planning must know that it is one of the most legitimate and propitious career available.

Basically people come to an advisor because of their established knowledge about investments, financial arrangements, FOREX trading and plenty of other ways through which one can increase his money. You have to undergo certified financial planner education and get equipped with ethical issues relating finance. You may consider going for certified financial planning programs if you are interested in helping people with their finances with the confidence of having good market knowledge, as most of the people find it tedious to research market themselves. But keep in mind that proper knowledge of stock market, FOREX is not so easy and cannot be attained in a day or two. You have to patiently go through all the nuances involving certified financial planner education and be an extrovert in investment yourself because the concepts of FOREX and stocks are not so easy that you can grasp reading a book. You yourself have to go ahead, take some risk in investments and be ready to lose in beginning. Slowly and gradually you can be a master and become capable of advising others.

The first thing to be considered while selecting a Certified Financial Planner School is that it should be accredited by Ministry of Education. Make sure it is affiliated with Financial Planning Association. Apart from this, find out how old is the institute and what are the Certified Financial Planning Programs which it offers. Do some research on the background of faculty, facilities offered by the institute, career counselling and definitely the kind of campus and labs the school is providing. In addition, find out the kind of students who enrol in that particular institute and also talk to few professionals who have already earned a financial planner certificate from that institute.

After completion of certified financial planner education and becoming competent enough in this field, you will have many working options. You will plan your client’s savings, their children’s education, marriage and also help them to retire in style for which they will always be grateful.

The Impact of Globalization on Accounting Education Amongst College Students

Many advances in the modern world have changed the ways that information is spread. Rapid movement of information, as well as goods, services, and even customs, from one place to another is known as globalization. On an international scale, globalization allows for practices to cross into new countries, where they can be adopted as the new norms. It “has been created as a need of improving the resource allocation and to develop bigger markets for the global economy (Diaconu).” Globalization has effected international marketplaces, travel, and even education. As far as accounting education is concerned, globalization has had effects such as changes to the requirements needed to test for the CPA, as well as the two different sets of accounting principles that students now need to be aware of, GAAP, and IRFS. Globalization has also made it possible for students to learn on an international scale, with many schools now offering foreign exchange or semester abroad programs. Although globalization can create some confusion due to varying accounting practices worldwide, it also opens up the door for students to diversify themselves as well as gain real-life experience that can be beneficial in future careers.

One of the large effects that globalization has had on accounting education is that students are taught Generally Accepted Accounting Principles, or GAAP, which are not used worldwide. In addition to GAAP, International Financial Reporting Standards, or IFRS, are also used. Both sets of standards are updated frequently, which can make it hard for accounting students to stay current with principles for the United States, as well as international standards. Additionally, the existence and use of both GAAP and IFRS create competition for accounting jobs. With globalization making it easier to compete in an international market, knowledge of both GAAP and IFRS has become a new standard for some employers, and students with knowledge of both sets of practices stand to go farther than those students without. “The movement of business toward a global economy has accelerated the need to move toward global accounting standards (Fosbre),” and as globalization progresses, standardaization of accounting practices acreoss the globe becomes a very likely event in the future of accounting.

In addition to GAAP and IFRS, globalization has also created the need for a more stringent set of requirements in order to take the Certified Public Accounting exam. In some states, the 150 hour rule was created and set into place, requiring students to take 150 college credit hours before being able to sit for the CPA exam. The requirement was created in an attempt to help students better prepare for the CPA exam, as well as for future careers in accounting. In the past, students were only required to have 120 credit hours in order to sit for the CPA. Now, with the addition of thirty additional credits, accounting students in the United States are given the chance to pick up a minor, work towards an MBA, or even learn a second language. In becoming more well rounded, future accountants will have a better career outlook, and will be able to find more outlets for future success.

Though the creation of the 150 hour rule is beneficial to students in the United States, international students are not faced with the same set of guidelines in order to test for the CPA exam. In some foreign countries, only an accounting degree is required to test to become a CPA, and this can create gaps in education. With globalization, accounting firms are moving into other countries, or working with clients in other countries. If CPAs from the United States are collaborating with CPAs from other countries, knowledge of the profession might vary from person to person. On a positive note, each accountant will be able to bring something different to the table, and accounting professionals will be able to learn from one another.

Since accounting knowledge has the ability to vary from one country to another, the International Federation of Accountants has created and set regulations into place. These regulations ensure that there is some standardization in terms of what is required to become a Certified Public Accountant. These rules require a student to study in a program “at least equivalent to that for admission to a recognized university degree program or its equivalent (Needles)” and a program lengthy enough for a student to learn about finance, technology, business, and accounting. Additionally, students must obtain certain professional skills that would be used in the field of accounting. The professional skills include “a minimum of three years’ experience working under the guidance of an experienced professional accountant is required (Needles).” Finally, after becoming a Certified Public Accountant, it is necessary to maintain continued education in the field of accounting.

Overall, globalization has had a large impact on accounting education, in both positive and negative ways. New standards have been created, and new student requirements have been created in order to help students learn and understand the new standards in accounting education. These standards include GAAP and IFRS, and new student requirements include the 150 hour rule for accounting students in the United States to sit for the CPA exam. The largest negative effect of globalization has been the knowledge gap created among accounting students from different parts the world, though new regulations are helping to combat knowledge gaps before they become large issues. As globalization continues accounting education will continue to be more and more widespread, benefiting accounting students and Certified Public Accountants on a global scale.

Works Cited

Diaconu, Paul, Impact of Globalization on International Accounting Harmonization (January 18, 2007).

Fosbre, Anne B. and Kraft, Ellen M. and Fosbre, Paul B., The Globalization of Accounting Standards: IFRS vs. US GAAP (2009). Global Journal of Business Research, Vol. 3, No. 1, pp. 61-71, 2009.

Needles, Belverd E. “International Education Standards (IES): Issues of Implementation A Report on the Third IAAER Globalization Roundtable.” Accounting Education 17.(2008):69-79. Business Source Premier. Web. 5 October 2012.

Becoming a Certified Occupational Therapy Assistant

Individuals who are interested in becoming an certified occupational therapy assistant are in great demand today, as the medical industry – more specifically the rehabilitation sector – is expected to experience massive growth through the year 2020.

This is providing a wealth of interesting and challenging employment opportunities for those training to become a certified occupational therapy assistant. In order to do so however, candidates should understand the various educational, training and professional requirements necessary to do so.

As it is with numerous medical careers, students who do not fulfill all necessary requirements to obtain their degree, certification and license to practice can end up unemployable without meeting additional qualifications.

Becoming a Nationally Certified Occupational Therapy Assistant

As it is with any careers in the rehabilitation field, gaining the right education is critical for graduates to then have the best professional opportunities in front of them, as well as the chance to advance their careers in other ways.

It is essential for anyone looking to become a certified occupational therapy assistant (COTA) to attend an educational program for OTs which has been accredited by the American Occupational Therapy Association (AOTA) and the Accreditation Council for Occupational Therapy Education (ACOTE) in order to be qualified for taking the certification examination presented by the National Board for Certification in Occupational Therapy (NBCOT).

Attending only accredited programs assures each student that they are being given the best, most relevant education and training possible, which will prepare them for the demands of a career in occupational therapy.

Non-Accredited Courses

Although it is possible in some situations for an OTA to complete a non-accredited course and find employment in areas where licensure is not required, students should be aware that this might substantially limit their job offerings, as well as their advancement capabilities.

Currently in the UK there is no specific certification process for occupational therapy support staff, although candidates with work experience, and having attended a recognized educational program for OTAs may obtain NHS recognition as an Assistant Practitioner in occupational therapy.

In Canada, efforts are currently underway to create a certification process that is modeled after the NBCOT and AOTA’s process for identifying and certifying qualified individuals as COTEs.

Obtaining Certification and License

Those completing programs which are not accredited will not be able to take the very important NBCOT certification exam, nor will they be able to obtain licensure in their state if required.

Currently, a license to practice is required in most states for all OTAs. After passing the NBCOT exam, COTAs must then pass a state license exam, at which point they will be eligible for employment within that state.

Even though there are states where an OTA can become employed without certification and licensure, this will drastically limit their employment offerings, as most practices – even in these states – prefer to hire a COTA.

Other Certification Areas for COTAs

In some situations, and with the right training, a COTA can specialize into different, more preferred areas within the occupational therapy field, something that will not be possible without first obtaining their national certification before attempting to qualify for the specialty certifications which are available.

Currently, those specialty certifications are Driving and Community Mobility, Environmental Modification, Feeding, Eating and Swallowing, Low Vision, and School Systems.

Certified Occupational Therapy Assistant Salary

In the US, the median salary for occupational therapy assistants in 2010 (the most recent salary statistics) was $51,010 annually, according to the US Department of Labor’s Bureau of Labor Statistics, although job post offerings suggest this amount is slightly higher today.

The full range of salaries recorded for OTAs spanned from $33,110 annually to $70,790 annually, with salaries ranging more at median and above median pay rates. Specialties tend to fall in the higher ranges as well. Higher paying positions include those in private practice, with home healthcare agencies and nursing care facilities.

UK NHS Assistant Practitioners salaries are Band 4 (£18,600 – £21,700), Assistant Practitioners in Training, and general occupational therapy support staff is usually Band 3 (£16,100 – £19,000); those in private practice can usually earn higher pay rates.

Certification In Canada

In Canada, since there is no actual certification process and all OTAs are considered occupational support staff, salaries are estimated for most to be about $36,000 annually; with coming changes in their educational accreditation system, certification and licensure this is expected to change in the coming years, with the likelihood of more competitive salaries for OTAs.

Becoming a certified occupational therapy assistant can be quite competitive, as enrollment at many recognized educational programs is usually limited so that all students are provided with the hands on education they need for this field.

Prospective students are recommended to contact their schools of choice and inquire about application details early, and to be sure they are applying to an accredited institution so they are eligible for the NBCOT national certification examination.

How Much Does a Certified Medical Coder Make?

If you’re wondering how much does a certified medical coder make, especially in these challenging times then do read on. Joining the industry of medical coding may be the right one for you because it offers great career opportunities with high salaries. Medical coding is on the rise, and there is a healthy demand for certified professionals. The increased need to provide universal access to health care and the increased use of electronic means makes medical coding a growing industry in the years to come.

The figures and analysis here are from the 2012 AAPC Health Care Salary Survey, and they reveal that people in the health care industry continues to be well compensated from the work they do. The list of professionals that responded to this survey includes educators, auditors, practice managers, billers and coders.

According to the survey, the recession in 2008 may have affected this industry like any others, but the years that have passed brought back new opportunities. From the recession, professionals in this industry have reported not only an increased opportunity for growth, but better decision making skills in their workplace.

Average salary for a medical coder

According to the 2012 survey, the average medical coder can earn $47,870 annually. This average medical coding salary involved both the non-certified and certified medical coders, but if you break down the actual earnings of non-credentialed and credentialed medical coders, you will get a significant difference on medical coding salaries. The figures below shows the salaries of medical coders according to their certifications or credentials.

1. A Certified Professional Coder or a CPC gets to earn $47,796 annually.
2. All coders holding AAPC credentials get to earn $48,033 annually.
3. Those with specialty credentials can earn $54,145 in a year.
4. A Certified Professional Coder-Payer or CPC-P earns an average of $55,255, which is $3,800 higher than last year’s average.
5. A Certified Professional Coder-Hospital Outpatients or CPC-H, on the other hand, earns $56,466 with an increase of $1,800 from last year.
6. A Certified Professional Medical Auditor or CPMA earns $59,365 with an increase of $3,200 from last year.

Salary for certified medical coder

Based on the figures, you can clearly see that those who are credentialed get to have higher salaries although there is a slow and steady growth of medical coding salaries from previous years. This means that those who have credentials get the most advantages out of their work from financial to professional development.

The medical coding salaries not only differ by the credentials, but also by the workplace. All workers have an increased salary by 9.7% as compared to last year’s statistics. Those who worked in facilities earned more, but have the least salary raises. Those working in solo practice may have lower salaries, but have the most increase from $40,290 in 2010 to $45,312 in 2012.

The job responsibilities of the medial coders also dictate the amount that they get. More so, education and credentials greatly affects the rate of medical coders. Also, there are more jobs today that need medical coders with credentials than before. This means that credentialed medical coders are more in demand as years pass by so getting one for you is beneficial.

There are a lot of factors that affect the medical coding salaries, but one thing is sure, getting credentials, choosing your work setting and getting further education will place you at the top of the highest paid medical coders.

Credentials and Opportunities to Be a Certified Nurse Assistant

The Certified Nursing Assistant credentials are gained after passing a written and clinical program of training for 2 to 3 weeks or 3 to 6 months depending upon the state, the frequency of lessons and institution you are gaining the certification from.

The Certificate covers keeping the rooms and beds clean, reporting the patient’s condition, taking vital signs, infection control and Oral hygiene, serving and helping the patients eat. They even assist in medical procedures, emergency and CPR, handling legal issues for nursing, assisting in medical procedures and the environmental safety of medical unit.

The students partake 16 hours of clinical training which provides them with hands-on experience of assisting in patient care with a doctor and nurse. Most typically the employment opportunities exist at Health Care Agencies, Nursing Homes, Hospitals, Doctor Offices, Day Care Centers, Medical Clinics, Hospices, Assisted Living Facilities, and Urgent Care Centers.

You could opt for Certified Nurse Assistants training through continuing education to enter the medical field. A person can go on to study and serve as a licensed practical nurse or registered nurse through continued education.

The students are introduced to various health related topics besides this they are taught to deal with ethical and legal issues necessary for patient care. The courses help develop deep understanding between the nursing assistants and nursing professionals.

The Omnibus Budget Reconciliation Act asks the certified nurse assistants to be graduates with an accreditation of 260 hours long course. The Certified Nurse Assistants course does not vary much and lay down the foundation of Nursing Assistant Certification Exam. The technical training requires the Nurse Assistants to be proficient in taking vital signs, tracking the patient’s progress through emergency procedures and charts, etc.

They need to have good interpersonal skills and a good understanding of patient’s rights. They are required to rehabilitate the patient and make them comfortable. They are required to have a deep understanding of complex legal and ethical issues. Most Certified Nurse Courses require the student to have a good understanding of their duties laying groundwork for further vocational growth as a Registered Nurse or Licensed Vocational Nurse.

A certified Nurse Assistant is not a Medical Assistant even though both the jobs are similar there is a vast difference in the two. In many cases the people who want to make nursing a career would chose a Certified Nurse Assistants work than a Medical Assistants.

The Certified Nurse Assistants provide bedside care unlike the Medical Assistants whose duty is to take care of patients, greet them, take their vital signs, complete medical records, educate patients, improve and give health care instructions, provide medication, etc. most of the above duties are similar but the medical assistants provide ancillary tests as ordered by physicians and other health care professionals which is not done by the Certified Nurse Assistants.