How to Become a CPA in 2022: CPA stands for Certified Public Accountant. CPA Certification proves an accountant’s proficiency in auditing, taxation regulatory compliance, financial analysis. Employers are more likely to employ accountants with CPA certification. With an CPA certification, accounting professionals are able to improve their job prospects as well as their job security and earnings potential. Here is the Step by Step Guide to Become a CPA.
The American Institute of Certified Public Accountants (AICPA), the National Association of State Boards of Accountancy (NASBA) as well as Prometric are the national regulator of the CPA test. However every U.S. area has its own requirements for certified public accountants.
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How to become a CPA
The process of becoming an CPA is among many rewarding opportunities you’ll have in your professional career in public accounting. When you receive your certification via postal mail of your State Board You’ll immediately feel a feeling of satisfaction and satisfaction in the fact that you’ve make a decision and achieve it. It’s also among the most beneficial financial choices you’ll ever make. It’s not to say it’s an easy task, however.
Requirements to become a CPA
3 E’s are required for licensure:
- Exam or Uniform CPA Examination
- Requirements vary by state/jurisdiction
- Require 150 semester hours
- Number of accounting hours is dependent on state requirements
Uniform CPA Exam
- Computer-based format
- Consists of 4 sections
– Auditing and Attestation (AUD)
– Business Environment and Concepts (BEC)
– Financial Accounting and Reporting (FAR)
– Regulation (REG)
- Same test no matter where it is taken
- Passing score is 75 on a 0-99 scale
- Question types include multiple choice, simulation and written communication
- Eligibility to sit for exam depends on state requirements
- A candidate is an applicant for a CPA license
- Many states require the candidate to have 1 – 2 years experience under a CPA
- Additional requirements vary by the candidate’s:
- Education – e.g., Graduate degree vs. 150 hours of undergraduate
- Employer(s) – e.g., Public accounting firm vs. industry
- Type of work – e.g., Tax professional vs. auditor
- Licenses gives the right to practice public accounting
- Some state require ethics exam
- Must comply with rules of professional conduct
Maintaining the license
- Continuing Professional Education (CPE)
- Typically 40 hours per year
- Types (e.g., computer-based vs. group/classroom learning) of CPE vary by jurisdiction
- May need Ethics training and compliance
- Subjects vary depending to type of license and area of employment
- Renewal every period
Step by Step Guide to Become A CPA
Following are the easy guide to become a CPA.
Step 1: Verify CPA licensing Requirement of your state
Step 2: Complete your Degree
Step 3: Gain minimum hours experience
Step 4: Pass the CPA Exam
Step 5: Finally, Get your CPA Certification
What is the minimum qualification to become a CPA?
Every state has it’s own minimum qualification to take the CPA Test and to become a CPA. However you must have at least a bachelor’s degree in accounting with 150 semester hours to take the CPA exam.
What is the fastest way to become a CPA
The only fastest way to become a CPA is to fulfill the state’s educational and other requirements. Follow the state’s requirement to become a CPA. fulfill it. Pass the CPA exam and get the CPA license.
How to become a CPA without any accounting degree?
Every state requires CPAs to have a bachelor’s degree, and most do require an accounting degree. However, You can take the CPA exam without a degree or a major in accounting in five states of USA. Those are 1. Alaska, 2. Georgia, 3. Hawaii, 4. Maine, 5. Massachusetts.
How many years does it take to be a CPA
It will take 5 to 6 years to become a CPA including to get a Bachelor’s degree, work experience, for exam preparation and to pass the CPA exam.
Is becoming a CPA Worth it ?
To become a certified public accountant requires years of training and experience in professional accounting and years of dedication and perseverance in order to pass the exam. It’s totally worth it. When you’ve put those three letters on your name people will see you in a different way. You’ll have earned the respect of your colleagues as well as your boss. Additionally, you can expect to receive an impressive raise following getting through the CPA exam.
What is the age requirement to become a CPA
In most states and territories, there is no minimum and maximum age requirement or limit to take the CPA examination. To Eligible for a CPA, most of the jurisdictions, typically the minimum age is 18 and it should 21 in some states like New York, Missouri.