CPA Certification
Saturday, August 7th, 2010If you are interested in getting a CPA certification, knowing the various requirements is necessary. The proceeding information will shed light on the matter.
Different State Requirements
Every state has its own Board of Accountancy. This will determine what the requirements are for would be public accountants. These are based on education, experience and also the examination.
The CPA exam itself is uniform. However, the Boards have different rules. For example, California requires individuals to have at least 24 units in accounting. In Delaware the units needed are 21.
The 150 hour rule however, is almost always used. If you are intent on getting a CPA certification, look up the precise requirements for the state you’re in. You may get in touch with the National Association of State Boards of Accountancy to get the precise information.
The One or Two Tier System
In a one tier system, you have to get through the exam and get the experience required. Only after getting these two elements will you get the certificate and license. A two tier system is different. Here you will get the certificate after passing the exam. The license will come later when you get the experience.
The Exam Composition
It is made up of four components: business concepts, auditing, accounting and regulation. When it comes to getting a CPA certification, test time totals 14 hours. For auditing and attestation, it’s 4 and a half hours. For financial accounting it’s 4 hours. Regulation is set at 3 hours and business environment at 2 and a half hours.
Review Courses
Candidates may enroll in review course studies to help prepare for the exam. These are classes that simulate the actual exam. They include lectures, study materials, flashcards and other useful tools. There are classes and seminars you can attend. Some are online based.
Others are self study, so you can proceed at your own pace. There are many services available. You’ll need to do some research to find the one ideal for you.
Applying for the Exam
Before getting a CPA certification, you should get in touch with your state board. Inquire about the forms that must be filled. You can also ask about the application and exam expenses.
The exam can be taken any month except for June, December, March and September. When your application is approved, you’ll get an email detailing how to reach the testing center. Bring the NTS form in the test center. It’s best to set the schedule after getting the NTS.
Reminders
Bring two IDs with you. At least one must have a photo. You can’t use Social Security IDs. Whatever the exam schedule is, try showing up half an hour early. This will allow you to settle down.
You can start with any of the four sections. The tests are conducted on computers. You’ll be faced with multiple questions and case studies.
When you pass the exam, you’ll be getting a CPA certification. After that, you can embark on what could potentially be a very rewarding career.