How to Become a Certified Public Accountant
In order to become a certified public accountant (CPA), an individual must meet certain educational requirements and pass a rigorous examination. This article will explain the steps necessary for earning a CPA license in the United States.
The educational requirements for becoming a CPA vary from state to state. Generally, becoming a CPA requires obtaining a degree from an accredited college or university with a major in accounting, or the equivalent education and experience, as determined by the state. Most states require at least 150 hours of college coursework in accounting, auditing, and other business-related topics.
In addition to meeting the educational requirements, aspiring CPAs must also take and pass the Uniform CPA Examination, which is administered by the National Association of State Boards of Accountancy. This examination is four parts long and tests an individual’s knowledge of accounting knowledge, theory and practice. Often, state boards require a certain number of college credits related to accounting to satisfy one of the four parts of the exam. In some states, this number may be as low as 24 credits.
State boards also require applicants to undertake continuing professional education (CPE) courses. These courses are intended to keep CPAs up to date with the latest accounting standards, laws, and techniques. Each state board sets its own requirements, but the typical minimum is 40 hours each year, with an additional 20 hours of specialization courses in a subset of accounting topics, such as auditing, taxation, or information technology.
Once an individual fulfills all the necessary requirements, they must apply to the state board of accountancy to become a CPA. This application will require transcripts, educational verification, and a fee. Each state may require additional information or documents, such as letters of recommendation or proof of CPE units.
If the state board approves the application, the individual will be issued a CPA certificate and a license to practice in that state. The license, however, is not valid until the individual is sworn in as a CPA by a notary public or other qualified official.
Becoming a CPA is a challenging process, but the rewards can be great. A CPA license grants individuals a variety of professional opportunities, from working with large accounting firms to starting their own businesses. With the right qualifications, commitment, and dedication, anyone can join the ranks of certified public accountants.
