Archive for the ‘CPA’ Category

CPA Preparation Course NH

Friday, July 30th, 2010

It’s not enough to just know the requirements for the CPA exam. To increase your chances of passing, consider taking one of the CPA prep courses in NH (New Hampshire). While it can’t guarantee anything, you can at least be sure you took all the necessary steps to be prepared.

Criteria for Review Courses

Right off you need to know these review courses cost money. The high end services will cost more than $2,700. The low end ones cost a little less. The price tag is a factor no doubt. But there are other things you should think about. The most important is that the information must be up to date.

By up to date it implies the material shouldn’t be older than 15 months. This requirement seems steep, but it’s a necessity. When choosing CPA prep courses in NH, you can’t settle for outdated stuff. It’s a waste of time and money.

The materials being used are just as important. The test simulation papers, the flash cards etc. must be extensive. Do some comparing on the materials being provided by these services. Since you?re paying, you’re entitled to get all the help you can get.

The Self Study Option

The self study route has numerous advantages. You can study at your own pace. There are no deadlines or other pressures to worry about. This approach also lets you focus on the subjects you feel are vital. If you’d rather take CPA prep courses in NH via this route, you must persevere.

For some, the lack of supervision relieves pressure and makes studying easier. For others, this setup encourages slack. You’ve got to be honest with yourself. Can you work without any supervision? Or are you better off studying with a teacher?

Studying on the Web

One of the most preferred options now is studying online. Websites offering these services have updated materials. They also offer interaction and quality software so they make for good choices. People who work find these Web courses more convenient than the regular class.

There are several online CPA prep courses in NH. You can go online and enter the appropriate info in the search engine. Research the hits and jot down your impressions on each one.

A Few Reminders

Before signing for a Web review course, check the format. Most will let you sample it. If you don’t feel comfortable for any reason, look for another one.

If you’re going for the live classes, find a schedule that fits you. There are scores of live classes in New Hampshire; go for the one that suits you. Don’t forget to check the accreditation of the instructor.

For those who prefer the self study route, get only up to date info. It’s best if you set aside regular hours for studying. This will get you into the habit of reviewing.

You have a lot of options when it comes to CPA prep courses in NH. Take as much time as you need when choosing them. This will allow you to prepare as best you can.

Review of CPA Exam Prep Materials

Thursday, July 29th, 2010

Reviewing CPA exam prep materials is regarded by almost everyone as mandatory for passing the actual tests. Here are some thoughts and suggestions to assist you when going through these materials.

Evaluate the Format

When picking a review course, make sure the study aids are actually helpful. Examine the software, sample test papers, flash cards etc. Almost all CPA review courses offer these, but they’re not created equal. It’s a good idea to ask friends for recommended review services.

Note: a lot of these courses allow you to preview a session or two. Use this opportunity to examine its contents. If the presentation doesn’t suit you, try another service. When reviewing CPA exam prep materials, presentation is vital. The most advanced concepts won’t help if you’re uncomfortable with the format.

Find the Right Schedule

A lot of classes offer flexible schedules so working people can still attend regularly. If you prefer a live class, check the various CPA classes in your area. Join the one that best fits your schedule.

Some of the most flexible classes are found online. There are different types available so study each one. Of course you shouldn’t just look at the schedule alone; make sure the course is comprehensive.

Self Study

Some prefer reviewing CPA exam prep materials on their own. You don’t have to follow a schedule or go to any class. While it’s the most flexible, it isn’t for everyone. Be certain you have the discipline to study without having a supervisor or instructor. You could easily end up wasting your time and money by slacking off.

Buy updated study aids and materials. The books can’t be older than 16 months. It’s also crucial you keep in touch with the local CPA group in your area. Go to their website and look for any announcements. If you’re taking the exam, it’s your responsibility to be updated on any policy changes.

Note: CPA exams are done using computers. If you’re going to ask advice from someone, make sure he / she is conversant with the technology being used today. There’s nothing worse than getting wrong advice and outdated study techniques.

Other Reminders

The best way to use these review materials is by studying diligently. Whether it’s live class, self study or online, the rules for reviewing CPA exam prep materials remain the same.

Focus all your thoughts and energies on the subject. Don’t allow yourself to be distracted by cell phones, instant messages etc when studying. Turn off all these distractions.

Do not worry about the exam results. Stress and anxiety won’t help you. Don’t try to cram too much information in your head. Just go through the lessons as best as you can. Establish a reasonable schedule.

Try to approach the subjects with as clear a mind as possible. Your mental preparation is crucial. Worrying too much can affect you physically.
 
Reviewing CPA exam prep materials is an essential step to becoming a public accountant. You can be one if you examine the options that can best help you.

CPA Review Classes

Wednesday, July 28th, 2010

Nothing can guarantee you’ll pass the exam. But a CPA review class can provide you with plenty of benefits that can make a difference.

Getting Familiar with the Software

The word processor and spreadsheet used in CPA exams are different from what you’re used to. Some of the functions you take for granted in Excel and Word aren’t there. By taking review courses, you’ll get to know these applications. This will save you the time from studying the interface as you take the exam.

Anyone’s who’s tried using new software know time is needed to get used to the interface. By going through the CPA review class, you’ll have plenty of time to get used to it.

Going through Simulations

Classes and review courses offer realistic programs that look like the real exam. This format helps in preparing you mentally for the examination. No matter how many books you read, going through a simulation program is still the best way to prepare.

The course providers offer account for all four competency areas. These are financial accounting and reporting, business environment and concepts, regulation and auditing. The information provided can give you insights come exam time.

The simulations also come with detailed reviews. These include the fundamental ideas necessary for exam preparations.

Training Early

It’s recommended that you take the CPA review class as early as possible. Some go through it months ahead of the actual exam. This gives the individual time to get himself / herself ready. By giving yourself this allowance, you’ll have time to assess each provider.

Most will include guides, sample exams etc. These also come with the necessary software. There will also be quizzes, flashcards and many more study materials. Of course, the time and effort you put in is the most crucial element. All the software and tests won’t do any good if you don’t study regularly.

Other Information

When studying at a CPA review class or course, go over the Q&A included. These are necessary when you are done with the tutorials. The questions included are similar to the ones on the actual exam. These will help you get ready for the actual questions you’ll face.

The other data included also helps in recalling facts learned in accounting class. A lot of the difficulties with the exam can be removed this way. When reviewing, go through the sections and chapters thoroughly. Don’t forget to evaluate your progress. Go over the points that need working on.

A lot of these classes are online, but you can go for the offline ones if you like. The offline has the benefit of interacting with the instructor. If you want to study in a specialized field, there are several programs available.

An online search will reveal a training class near you. If you have questions, send the training class an email or call them.

The benefits of a CPA review class are numerous. If you want to increase your chances of passing the exam, you should evaluate the many providers out there. Pick the one that suits you, and be on your way to being a CPA.

Getting A CPA

Sunday, July 25th, 2010

Getting a CPA license is a prerequisite for anyone wishing to be a public accountant. If you are going to take it, there are a few things you should keep in mind.

Training and State Requirements

There are similarities in the board requirements. But each state has its own regulations for granting the license. It may depend on whether you just want to practice in the state or if you want to do it elsewhere.

Take California for example. If you want to practice in the state only, you’ll need a bachelor’s degree and 24 semester units in accounting related studies. You’ll also need another 24 units in business oriented subjects.

You must pass the Uniform CPA Exam and the ethics course. Two years of accounting experience is also needed. This must be with supervision from a CPA.

If you’re interested in getting a CPA license that will let you work in another state, you’ll need 225 quarter units or 150 semester units of education. This is besides the bachelor’s degree and the 24 units each for business and accounting.

It’s necessary to pass the Uniform CPA Exam. A year of experience in general accounting is required. This must be supervised by a licensed CPA. The ethics course must be passed as well. This is just for California. Other states may have similar or different rules. It’s best to conduct some research.

CPA Course Programs

The course programs will help you in getting a CPA license. These courses vary a great deal. Their contents and duration will not be the same. Given the large number available, it’s best to do some research first. You can post in forums to get recommendations. You can also ask someone who has had experience here.

Whatever school you choose, finishing the course is the goal. The completion time required depends on the course itself. Ideally you should try to complete it as early as possible. Once you pass the course, you’ll have plenty of options.

A licensed CPA is qualified to do everything from auditing to financial analysis. Pay usually starts at $50,000 so it can be rewarding financially as well.

Training Tips

Of course getting a CPA license and the training won’t be easy. There are many options to choose from. You can go online and see scores of services available. If you want to make the most of your
future career, this step is necessary.

Most classes are now conducted online. This is easier and more convenient as you don’t have to travel. If you don’t know how to use a computer, it’s best to start learning before taking the test.

The software used is also different, so getting familiar with it is vital. Even though there are some traditional classes, online study is becoming the standard.

Training doesn’t stop with the license. You’ll need continuing education to harness your skills. There are several courses available that can help in this aspect too.

While getting a CPA license is hard, it can be a fruitful career. In due time, all the hard work will pay off.

CPA Review Classes

Friday, July 23rd, 2010

There are now several CPA review classes all over the US and with good reasons. These have proven to be valuable aids to exam takers. Here are some things you should think about before you choose one.

Is the Class Exam Oriented?

Are the concepts and ideas of the class focused on the CPA tests? There have been several concepts used in past CPA tests, but they?re not important right now. What matters to you are the ideas being used presently. You?re probably working on a tight schedule already, so you don?t need any superfluous materials.

When looking for a CPA review class, look at orientation. If it isn?t focused on the present, look somewhere else.

The Presentation Matters

This isn?t just a matter of aesthetics. The actual CPA exam consists of four main parts. It is further divided into auditing, transactions etc. This isn?t how college textbooks are presented.

For this reason, your class must conform to the real thing as closely as possible. In other words, the materials must prove useful when you take the real exams.

Cost Concerns

A typical course will cost you around $2,300 give or take a few hundred dollars. You might be tempted to cut on costs, but think about it. Your future career is at stake here. Fortunately, some companies are willing to pay for the costs of CPA review classes.

Tell your employer of your plans. More often than not, they?ll be glad to reimburse your expenses when you pass. A certified CPA can be a vital addition to a company, so employers usually welcome it.

Comprehensive Materials

At the very least there should be flash cards or computer applications. The latter is particularly important. The software must resemble the real thing as close as possible.

Some services also offer counseling. It can be disheartening to work hard for the test and fail. Go through the services? features. How many of them do you need?

The more features there are, the more expensive the CPA review classes will be. A good rule to remember: only pay for the features you?ll be using. Needless to say, the study resources must be new.

Online vs. Live Classes

Some like to study online because it saves them the trouble of traveling to a far off location. Others prefer the live version because it?s more familiar. Only you can decide which setting suits you most. Whichever you choose, be sure to do research first. Study the credentials of the instructors. Learn as much as you can of the services.

Do not let the sales talk fool you. You need to focus on the facts and what they?re actually offering. It won?t take long before you figure out which services are the best known. When you?ve narrowed your choices to a few, compare their features and prices. This will make choosing a simpler task.

Your decision to become a CPA can boost your career in many ways. With the help of CPA review classes, attaining that dream will be a little easier.

CPA Study Course

Thursday, July 22nd, 2010

If you are going to take the CPA exam, taking a CPA study course is essential. Unlike the textbooks you used in college, these courses are updated and reflect the current facts and trends being offered in the examinations.

Cost Considerations

One of the things that people look at is the cost. A typical course will set you back $2,500. While this is the average, there are some that charge less or more. You?ll need to do some research to find the right one for you. Also keep in mind that some employers reimburse the costs of taking the exam.

If you?re working, inform your employer of your plans. Most will shoulder all or part of the costs. If that?s not possible, some review services will offer discounts if you take part in their programs or join their projects.

What to Look for in a CPA Study Course

Go over the review features. Is it focused on the study or are there any extraneous activities included? Other important factors are the tactics and strategies. The reviews should simulate the actual exams as closely as possible.

In addition, the materials must be new. The exam requirements are modified frequently; being stuck with outdated materials won?t help you at all. The supplementary tools must be extensive. Apart from the software, there should be flash cards, sample test papers etc.

The course should also include tips for helping the examinee get self confidence. Even the most advanced CPA study course won?t do any good if the examinee has no self confidence. These should include counseling in case one fails at the exams.

Self Study Review Courses

Taking a self study course means you get to study at your own pace and time. You buy the materials you need; there?s no need to put up with any superfluous features. While this is cheaper, it requires a lot of discipline. Only go by this route if you can study without supervision consistently.

Online Review Course

Most of the CPA exams use computer software so you might consider taking online review courses too. These CPA study courses offer test simulations and at the same time convenient.

This is especially suited for those with young children and can?t afford to travel long distances. It?s also a good choice for those whose work requires a lot of traveling. Choose online reviews that let you evaluate the format first. Are you comfortable with their style?

Using Multiple Approaches in Studying

Some examinees take live classes and also study using software. You can try this method too. With live classes you get to interact with other people. This can facilitate learning.

These programs offer varying degrees of support. These need to be evaluated too in case you run into problems. The more interactive and prompt the support, the better.

With so many options, picking the right CPA study course can take a while. But there?s no need to hurry. You should go over the facts carefully so you?ll end up making the right decisions.

CPA Exam Dates

Thursday, July 22nd, 2010

For those who are aspiring to get a Certified Public Accountant (CPA) license, taking a very challenging and yet rewarding exam is greatly important for licensure, protection of the bearer, and recognition of the person’s achievement. But how can one go through that? Well, first and foremost, the CPA Exam dates should be learned.

Thankfully, CPA exam dates are usually being offered everywhere for those interested and willing to earn one’s license. Yes, the actual dates for the examination are made available in every state.

That’s one of the reasons which show that going through the registration and actual testing process should not be a huge problem for the aspirant. In fact, it’s not really time-consuming and stressful for most of the CPA testers.

To take the exam, one must be aware that there are different test schedules for a person to get an appointment for the testing of one’s abilities and know-how. Moreover, there are also countless of ways that one can easily look for that pertinent information.

Typically, CPA exam dates run from January to February, April to May, July to August, and October to November every year. The set of two months per exam date is referred to as a window. During that window schedule of CPA exam dates at any regional testing centers around, candidates for licensure are required to request for exam appointments if they are eyeing certain dates for testing.

After seeking their appointment to take the exam, the state board would then determine if the candidates are eligible to take the exam. Once that has been reviewed by the board, the NTS or Notice to Schedule is then sent to the candidate.

Registration for the CPA exam dates that the candidate would want comes next in the process. And that can be done at a Prometric testing center.

But that’s not the only place to go to. You can go online or at a nearby center.

Yes, a quick and easy way for candidates to ask for an appointment is to go directly on the Internet on the prometric site or call the Candidates Services Call Center at 1-800-580-9648 for schedules, inquiries, and other concerns. Another way to get in touch with these centers is to drop by at a local test center that is near your place.

Regardless of the chosen CPA exam dates that the candidate manages to get an appointment for, the person taking the test would be happy to know that these licensure exams are also being offered as one or more sections depending on what the person likes to take. If one feels ready to take on more than one section, that person is free to do so. And that can be arranged on the same testing date that the person is scheduled for.

CPA Ethics Exam

Wednesday, July 21st, 2010

Why a CPA Ethics Exam?

Both the magnitude and number of business scandals in recent years have given enough reason to reassess the accounting profession’s regulatory environment. This brought about the advent of a CPA ethics exam. As a result of said scandals people’s confidence on what is stated on a company’s financial statements have somewhat receded. Along with that decline comes a loss of trust in the ethical standards upheld and practiced by today’s CPAs.

Though laws have been enacted with the goal to rebuild the confidence and trust in the accounting profession it has been seen clearly as not enough. One of the most significant of these laws is the Sarbanes-Oxley of 2002 which created the Public Company’s Accounting Oversight Board. There was also an effort to raise the standard against fraud detection. However, these laws and standards have proven insufficient to achieve the lofty goal of restoring the lost trust in the accounting profession.

Reinforcing Ethics in Education

Here are some of the issues that reinforce the need for a CPA ethics exam. The issue on emphasizing ethics in accounting education isn’t an original idea. Obviously, CPA’s will many decisions that will eventually have ethical implications. As early as the year 2000 a study was conducted that shows integrity, ethics, and values should be bolstered within the circles of accounting education. Do take note that the study was conducted about a year before the huge business and financial scandals of the year 2001.

Furthermore, according to the said study conducted by Albrecht and Sack, there are certain weaknesses in accounting education. For instance, accounting students have been trained in such a way that they tend to memorize certain patterns in their profession and less on gaining analytical skills. Though commendable, being stuck in thinking within the box will not be able to cope with the ambiguities within the business world.

It has been understood that emphasizing values and integrity through a CPA ethics exam will stress the need for higher ethical standards among upcoming CPAs. Some of the approaches to do this include increasing the number of ethics questions in the CPA exam, expanding its scope, simulating ethical decision making, and requiring a separate CPA ethics exam before being granted a license.

Answering a Couple of FAQ’s

Does each state conduct its own CPA ethics exam? Yes. It is understood that each state’s board will have their own ethics exam and certification requirements. Check with your state’s board of accountancy for specific requirements.

Can I get a CPE credit from another state? Yes. You can transfer it from one state to another. However, you should still check with your state’s board for specific guidelines to ensure accreditation.

CPA Salaries

Wednesday, July 21st, 2010

For entry level CPAs, the accounting profession is providing them with good and competitive salaries. This salary of a CPA is very true especially if they have accomplished their CPA certification.

There are various reports and surveys with regards to CPA salaries and the figures differ slightly with each other. This is because of some factors that the numbers are dependent upon.

Factors Affecting the Salary of a CPA

The key factors that affect CPA salaries are: 1) the state where they practice their profession, 2) the CPA’s level in the company, 3) the number of years they have been practicing their profession, and 4) the size of the company they are working with.

The salary of a CPA is higher in bigger states such as New York and California in comparison to other states in the United States. It is quite obvious that the larger the company the CPA is working with and the higher is his position in the company, the bigger will be the pay package given to him.

For CPAs having one to three years of work experience in their profession, small companies will give them the salary range from $35,000 to $47,000 while big companies can provide the salary range from $42,750 to $60,000. The salary of a CPA who has earned a master’s degree as well as a CPA certification is more likely to about ten percent more than those who do not have these essential certifications.

For CPAs who are public firm partners, they tend to receive salaries at the average of $175,000. This amount gets higher as their work experience increases and as the firm gets bigger.

For CPAs who are directors in large companies can expect receive a salary that range from $85,000 to $130,000. For those in the medium size companies, they can expect their salaries to be around $76,750 to $111,000. Smaller companies will have the capacity to offer salaries from $71,500 to $90,250.

In the world of business and industry, the salary of a CPA who are the company’s Chief Financial Officers or treasurers range from $244,500 to $347,250. This applies to those companies who have their annual sales of more than $500 million. Bonuses as well as incentives do greatly play a major part in the compensation package for CPAs who are in the senior level positions of the companies.

Comparing the salary of a CPA state-wise, the states with the highest median salaries are New York and California amounting to $75,000. Next in line is the state of Texas for the amount of $69,000 and followed closely by the state of Illinois for the amount of $68,000.

CPA Prep Courses

Sunday, July 18th, 2010

Few would argue the need to take a CPA prep course as a means for helping get ready for the real exams. But there are a lot of things that you need to be aware of to increase your chances of succeeding.

Check the Qualifications

Examine the credentials of the instructor prior to joining a live class. Is he / she a full time teacher or just part time? Listen carefully to what they’re saying. Do they seem knowledgeable or are they just reading the material? You should also be wary of those who only depend on their experience.

That last point is important; these days, CPA exams are done with computers. If your CPA prep course teacher is still used to the pencil and paper routine, you won’t be updated on the latest techniques.

A note on online classes: some so called interactive classes just play back a prerecorded video instead of offering a real instructor, so beware.

Audio Recordings and Weekend Classes

If you’re busy, there are now live classes that take place weekly. This setup makes it more convenient for those who are busy during the whole week. Another tip: use audio recordings. You can listen to these after work or when you’re traveling. It’s a convenient way to learn and review the things that you’re studied already.

The audio recordings are also ideal for those who prefer the self study route. It’s also suited for those who’d rather study at home than travel just to get to class.

Self Study or Live Class?

The self study CPA prep courses are suited for those who have self discipline. If you need supervision or procrastinate, taking a live class will be the better option. A structured review course is also suited for those who’ve graduated from their accountancy course years ago.

Updated Study Materials

Classes and structured review courses offer updated study materials. If you’re self studying, acquiring the newest study materials is also a must.

For starters, you need to get familiar with the software. It’s very different from the ones you typically use. Spend as much time as possible getting familiar with the exam questions and sample test papers. Go over all the topics carefully.

When looking for updated CPA prep course study materials, never buy anything that is a year old. These older materials are cheaper, but the information contained will be out of date. It’s better to spend money on new materials that make errors in the actual CPA exam because of outdated study tools.

Tips on Product Research

Compare the AICPA exams with the product you’re researching. Are they similar? Are the questions tough enough without being too confusing? What about the help file? Does it actually help?

If you’re taking the exam online, how extensive are the features? Can you take the exam online or do you have to print the papers out? Printing every test paper will end up costing you a lot of money. In that case, you might be better off buying a book.

Some people feel that the choices they have to make when choosing the CPA prep course is as hard as the actual exam. But you need to persevere. Invest time in making the right choices, and you will be better prepared for the CPA exam.