Becoming a certified public accountant (CPA) is a worthy goal for accountants and those interested in accounting. CPAs make about 10% more than non-CPAs, they also have an easier time finding work, and more security once they have a job.
How to Become CPA-
To get a CPA license, you must be declared eligible to take the Uniform CPA Examination by one of the 55 U.S. jurisdictions (all 50 states, plus Washington, D.C.; the U.S. Virgin Islands, Guam, the Northern Mariana Islands and Puerto Rico)
- Graduate from a High School:
Certification requirements vary somewhat per state; however, one of the common requirements includes completing 150 semester hours of postsecondary study, which includes some graduate-level course.
- Get a Bachelor’s Degree:
Students who have completed a traditional 4-year bachelor’s degree program, it may help them meet credit hour requirements to become a CPA as Graduate students get credit for 120 hours.
- Testing Details:
The Unified CPA examination is composed of the following four sections:
- Financial Accounting and Reporting (FAR).
- Auditing and Attestation (AUD).
- Business Environment and Concepts (BEC)
- Regulation (REG).
FAR and AUD takes four hours each whereas BEC and REG take three hours. Upon completing the first exam, candidates must complete the rest within 18 months. Those who pass all exams within the allotted time earn their license and become CPAs.
- Scheduling for Exams:
The CPA exam is offered eight months of the year – the first two of every quarter: January and February, April and May, July and August, and October and November. The Uniform CPA Examination is given in a computerized format at over 300 Prometric test centers across the United States as well as the Prometric testing centers in Bahrain, Brazil, Japan, Kuwait, Lebanon and the United Arab Emirates (UAE).
- Continue Education:
To become a certified public accountant, you must complete 150 hours in a degree in accounting, gain practical experience, complete all four exams, and participate in continuing education to keep your license current.
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