Posts Tagged ‘CPA’

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 When choosing CPA prep courses in NH, you can’t settle for outdated stuff.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.

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.

Certified Public Accountant ? The CPA Exam

Monday, July 26th, 2010

The Uniform Certified Public Accountant is the national accounting licensure examination in the United States. The CPA exam was maintained and created by the American Institute of Certified Public Accountants. In every state of America, the exam is given by the officials of the National Association of State Boards of Accountancy. Aside from the United States, the examination is also given to individuals who want to acquire the statutory title Certified Public Accountant in the Northern Mariana Islands, the U.S. Virgin Islands, Puerto Rico and Guam. To know more about the CPA exam, let us have a closer look at the topics and sections covered in the Uniform CPA.

Topics and Sections Covered

Individuals who take the exam are given four hours and 30 minutes to finish the section on auditing and attestation. This section covers topics related to internal controls, documenting and obtaining information, preparing communications as well as evaluating engagements and reviewing information. Four hours are given to examiners to answer the questions in the financial accounting and reporting section. The topics in the section include financial statements standards, the different kinds of transactions, reporting and accounting of the financial states of governmental agencies as well as accounting for nonprofit organizations and nongovernmental organizations.

Aside from the sections mentioned, examiners have three hours to finish the section on regulation. It covers topics on professional responsibility and ethics, federal accounting issues and tax procedures, federal taxation regarding entities as well as property transactions involving the federal government. The final section of the examination covers topics related to business environment like economic concepts, information technology and financial management. Individuals are given two hours and 30 minutes to answer all the questions in this section.

Testing Method

The CPA exam is composed of 30 per cent simulations and 70 per cent multiple-choice questions. The simulations are given by the National Association of State Boards of Accountancy to assess the skills of examiners in the organization of ideas, development of supporting data as well as their ability to express themselves in business English.

Scoring

The scores acquired by examiners are ranked in the scale of 0 to 99. In order to pass the examination, they should at least get a score of 75. To validate the results of the examinations, the scores of examiners are forwarded to the American Institute of Certified Public Accountants as well as to the Boards of Accountancy before the results are published in newspapers and websites.

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 Requirements

Sunday, July 25th, 2010

Being familiar with the CPA requirements is necessary so you can make the proper preparation. The following are the basic qualifications. However, each state has additional needs so it’s best to check first.

The 150 Hour Rule

You must have at least a US bachelor’s degree in accounting / business. You must have the minimum credit hours required for accounting / business study. In addition you must have one more year of study.

This will total 5 years and is known as the 150 hour rule. The 150 rule is in effect in 45 states. Some states though, do not adhere to this regulation.

The CPA Uniform Exam

The CPA requirements can be summed up by the three Es. These are education, experience and examination. The actual test is the same throughout the United States. But the requirements of each state differ.

Once you meet these requirements, you can apply for the Uniform CPA Exam. The Individual State Boards of Accountancy will determine the other requirements. However the prerequisites mentioned earlier will almost certainly be needed. For overseas accountants, the International Qualification Examination is usually taken.

1 Tier and 2 Tier System

The states may use a 1 tier or 2 tier system. Under the 1 tier system, an examinee that passes the test will be granted the license after attaining a specified working experience / hours. The CPA requirements and process for the 2 tier system is different. Here the license and certification are given simultaneously.

Issuance of CPA certificates rather than licenses is increasingly becoming the norm. The 2 tier states can issue a certificate without any work experience needed. In some places like Massachusetts, a superior academic background is given importance over the working experience. But other states still demand working experience.

Ethical Exams

An increasing number of state boards have implemented ethical examinations. Most use the AICPA self-study Professional Ethics for CPAs CPE course. But other states have designed their own tests. Currently 40 state boards make use of these tests. Be sure to check the status in your own area, as it may differ.

The CPE

The CPA requirements also come with the CPE (Continuing Professional Education). These are tests undertaken to renew their license / certificate. The frequency is two to three years.
The total time is 40 to 80 hours. The study can consist of seminars or self study.

However the study is conducted, the CPA must pass the test to get the credit. Most now include the ethics test. This takes at least 2 hours and up to 8 hours.

Duties

The most basic task of the CPA involves public accounting and auditing. They can also work as business advisors. These individuals also prepare tax records and statements.

In addition they work as financial analysts, IT for accounting and venture capital. Debt management, corporate governance and various forms of forensic accounting can also be part of their duties.

Because some CPA requirements are state dependent, it’s best to review the regulations in your area. This will ensure you meet the prerequisites.

CPA Review Dallas

Saturday, July 24th, 2010

Choosing one of the many CPA review courses in Dallas can be difficult, as their number keeps increasing. Here are a few pointers you should keep in mind during the selection process.

Cost vs. Features

The total fees will probably reach $2,500 for most reviews. If the course offers much less than that, expect some features to be missing. In this case, you should assess what they are offering.

Are the missing features something you can do without? Or is it something you consider essential? You have to be honest with yourself. There?s no need to pay for features and extras you won?t use.

However, you also need to be realistic. If you are taking one of those CPA review courses in Dallas and require those extras, you must be willing to pay for it.

Online Reviews

Take your time when choosing online courses. The most important element you should look for is the preview option. This allows you to get a feel for the presentation and style. If you don?t feel like it, you can always opt out. Don?t even think about trying a site that doesn?t allow a session preview.

Live Class Reviews

Some prefer to study in live classes. It?s kind of like going back to accountancy school, so there?s a familiar feel to it. If you are more comfortable interacting with other people in a school like setting, this is a good option. You can go online or the local CPA society in Dallas for more information.

A lot of these CPA review courses in Dallas offer flexible schedules. Go over each one and see which best fits you. There are now weekend classes too for the busy individual

Notes on Study Materials

Whichever type of study course you choose, always remember the following. First, the materials must be updated. The oldest must be no more than 18 months old. The second has to do with the materials themselves. Are they fully oriented towards the CPA exam?

Next is the software. These must resemble the real thing as closely as possible. If it?s difficult to use, you?ll end up spending more time learning the software than studying. The applications must be intuitive.

Comprehension is another vital factor. The CPA review courses in Dallas you choose must come in different question formats. Detailed answers must also be available as well as explanations. These data needs to be updated regularly, so the software must have this feature.

Commitment

Whatever review course you pick, it?s still up to you. The latest software, flash cards and test papers will be useless if your heart isn?t in it. You need to spend many hours in study. Set aside time so you can study consistently. If you are going to take the exam, investing time in the review course will be essential.

Finding the right CPA review courses in Dallas will probably take some time. But as with the exams, you should never make haste. Your career will depend on the choices you make, so study your options well.

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.