Requirements for CPA
Requirements for CPA are state-mandated; therefore, you want to be sure that you thoroughly research your state’s requirements before you apply to sit for the exam. Most requirements are very similar, so we will go over the general requirements for CPA licensure.
- Education
- Experience
- Exam (CPA Exam)
- Ethics Exam
Education
Most states require that you complete 150 semester hours before sitting for the CPA exam. A few states only require 130 semester hours, but most require 150. Some of those semester hours have to be in a specific accounting or business field, and that depends on which state you are applying in.
Experience
Most CPA candidates are required to have 1-2 years of experience before applying for the CPA license. The company and position at the company will have to be approved and your state will be responsible for issuing credit for experience. Experience is one of the important requirements for CPA licensure.
Exam
One of the hairiest requirements for CPA licensure, is the CPA exam. The CPA exam is a four part computer-based test that is usually taken at separate times. In order to pass the exam in its entirety, you must pass each of the four sections with a score of 75 or above, and all four parts must be passed within an 18 month time frame, or you have to retake the first exam. The four parts are broken up into sections
- Auditing and Attestation
- Financial Accounting and Reporting
- Regulation
- Business Environment and Concepts
Once all four sections of the CPA exam have been taken and passed, you can now take the Ethics exam.
Ethics Exam
The Ethics exam is taken online, and after having taken the CPA exam, will seem easy to most CPA candidates. After the Ethics exam is taken and passed, you can apply for your CPA license.
Study Program
Once you have completed the requirements for CPA licensure, you should choose a supplemental CPA study program. CPA Army offers a new CPA Boot Camp™ for those candidates that want to study and pass the CPA exam on the first attempt. CPA Boot Camp offers a complex and robust study guide, study tracker, study schedule, flashcards, notes and study questions for only $29.95. It is a must have for all CPA candidates that want to pass the CPA exam the first try.
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