Granted by: Institute of Management Accountants (IMA)
Estimated cost: Varies based on membership status and prep choices (generally includes IMA membership, program entrance fee, exam fees and optional prep materials)
Prerequisites: Bachelor’s degree plus 2 continuous years of relevant experience (typically management accounting or financial management
Exam requirements: 2-part exam
Time to certification: Often 1-2 years; candidates have up to 3 years in the program window to complete both parts
Ongoing requirements: 30 hours of CPE per year (including 2 in ethics)
Granted by: AICPA and CIMA (pathways vary)
Estimated cost: Varies by pathway and learning approach (for example, registration and subscription fees, exam fees, and optional tuition and materials costs)
Prerequisites and requirements: Requirements vary; for example, the CIMA route to earning this designation includes exams and practical experience requirements, including a minimum of 3 years of verified relevant experience
Ongoing requirements: Continuing professional development and maintaining membership/standing
Granted by: The Institute of Internal Auditors (The IIA)
Estimated cost: Varies by membership status and prep approach
Prerequisites: Vary by education level and work experience
Exam requirements: 3-part exam
Time to certification: Often around 18 months, though timelines vary
Ongoing requirements: Continuing education and renewal required
Estimated cost: Varies by membership status and prep choices
Prerequisites: No experience is required to sit for the exam, but certification typically requires professional experience (with allowable substitutions)
Exam requirements: 1 exam
Ongoing requirements: Continuing education and annual maintenance fees
Granted by: AICPA
Estimated cost: Varies based on membership, exam and credential fees, and prep materials
Prerequisites: AICPA membership in good standing, a valid CPA license (active or inactive), and experience requirements
Exam requirements: A credential exam is typically required, though certain prior exams may satisfy or waive exam requirements depending on the pathway
Ongoing requirements: Continuing professional development and annual fee
ERP platform certifications, which are best for professionals who work directly with a specific system. Examples include finance-focused credentials for platforms such as SAP, Oracle Cloud ERP, NetSuite, Microsoft Dynamics 365 and Workday.
ERP implementation and business process credentials, which are best for hybrid finance, operational and IT roles such as ERP analyst. Credentials such as the Certified Business Analysis Professional (CBAP) and the Certification of Capability in Business Analysis (CCBA) can be relevant if you’re involved in requirements gathering, process mapping, testing or user adoption during ERP upgrades.
Granted by: Association of Certified Fraud Examiners (ACFE)
Estimated cost: Varies based on membership and prep choices
Prerequisites: Education and fraud-related professional experience requirements apply
Exam requirements: 4 sections
Ongoing requirements: Continuing education (annual CPE) required
Granted by: AICPA
Estimated cost: Varies by membership and application pathway plus prep choices
Prerequisites: CPA status plus experience and professional development requirements in forensic accounting; applicants must be AICPA members in good standing
Exam requirements: Exam requirement applies; pathways can affect the exact format and details, so confirm current rules before registering
Ongoing requirements: Continuing professional development, annual fees and recertification
Granted by: Association for Financial Professionals (AFP)
Estimated cost: Varies by membership status, registration timing and prep choices
Prerequisites: Work experience requirements apply (details vary by background)
Exam requirements: 1 exam
Ongoing requirements: Continuing education to maintain the credential
Granted by: Association for Financial Professionals (AFP)
Estimated cost: Varies by membership status, registration timing and prep choices
Prerequisites: Eligibility requirements apply (candidates should confirm the current criteria before registering)
Exam requirements: 2-part exam
Ongoing requirements: Continuing education
Granted by: CFA Institute
Estimated cost: Varies by registration timing and exam window, plus optional prep courses (fees can change, so be sure to confirm current pricing when you’re planning your timeline)
Prerequisites: Education and relevant experience requirements apply
Exam requirements: Multilevel program (candidates must pass 1 level to progress)
Time to certification: Often multiple years, depending on exam cadence and study time
Ongoing requirements: Continuing education is recommended for members
Financial reporting: CPA, CIA (for SOX and internal controls assurance)
Data analytics: CMA, FPAC, CITP
Financial modeling: CFA, CMA, FPAC
ERP software: CITP, CISA, CBAP and CCBA (plus ERP platform-specific credentials)