Posts Tagged ‘reviews’

CPA Requirements

Sunday, May 19th, 2013

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 Classes

Sunday, May 19th, 2013

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 Review Classes

Friday, May 17th, 2013

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.

CPA Review Dallas

Monday, May 13th, 2013

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.

Getting A CPA

Saturday, May 11th, 2013

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 Study Course

Wednesday, May 8th, 2013

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.

Pass the CPA Exam With These Preparation Tips

Monday, April 29th, 2013

These CPA exam preparation tips can go a long way towards assisting you get ready for the actual test. Of course no tips will guarantee a passing score. However, these suggestions will ensure you come to the exams as ready as you can be.

Take a Review Course

A CPA review course is one of the best ways to prepare for the exam. These courses will set you back a couple thousand dollars, but consider it an investment. They offer simulated tests, Q&A, computer software and other features. There are live interactive classes, online reviews and more.

Take your time in researching each study course. When you’ve made your choice, you’ll realize that this is one of the most essential CPA exam preparation tips you can use. The experience you gain here will help you prepare for the real thing.

Commitment is a Must

The review courses offer flexible schedules, but that’s no excuse for slacking off. You were able to graduate because you attended class regularly. The same rule applies here. You’ve got to commit yourself to the task. It’s not just for the money you invested; your future career is on the line here as well.

A good way to stay committed is by allocating specific study times. If you’re on the self study route, set aside specific times for studying. Eventually you’ll get accustomed to it and look forward to the projects.

Seek Advice from CPA Exam Passers

Don’t hesitate to talk with those who’ve gone before you. Ask your friends for some CPA exam preparation tips, and what reviews they took. There are forums and blogs dedicated to this stuff.

There is no better way to learn than from those who have taken the exam. Read the blogs and see what you can learn there. You can also join discussion groups. These groups discuss everything from the mental preparation to requirements, so post your questions there.

Check Your Local CPA Group

Every state has its own CPA society or organization. Check their website for information. The requirements in your state will be posted there. Information about the exam themselves will also be posted and many more. Bear in mind that the world of the CPA never stands still, so be updated on all the facts and news.

Other CPA Exam Preparation Tips

Try to familiarize yourself with the software as much as you can. Some of the features in regular software are not available so get accustomed to it. Don’t even think about using your old college books; the info there is outdated. Only buy reference books not older than 16 months.

You also need to be mentally prepared. Studying can put pressure on you; there’s even more pressure when the exam date draws near. Some services offer counseling to help one prepare. Don’t hesitate to avail of this feature if you feel there’s too much stress.

One final CPA exam preparation tip: avoid all distractions. When you study, strive to keep other thoughts away. By focusing, you’ll absorb the lessons more quickly.

Requirements for Becoming a CPA

Saturday, April 27th, 2013

The requirements for becoming a Certified Public Accountant or CPA differ in states. These requirements should be satisfied by an applicant before the person took the examination and before the individual gets the license. To avoid having problems, applicants can easily remember the requirements since these are classified into three categories, namely education, examination and experience. To assist applicants, below are the detailed descriptions of each of these categories.

Education

To sit for the Uniform Certified Public Accountant examination, accounting graduates should attain a bachelor degree in any recognized college or university in the United States. Most states in America implement a 150 hour rule, which means that applicants should complete 150 semester hours in the college. Some states that do not implement this rule include Delaware, Colorado, California, New Hampshire and Pennsylvania. The state board of Virginia implements a 120 hour rule, which means that applicants should complete 120 semester hours before they be allowed to take the licensure examination. It is important that applicants completed several semester hours in accounting, business management, economics and finance. In addition, some of the states in the country prioritize applicants who finish several semester hours in ethics.

Examination and Experience

It is necessary that applicants pass the Uniform Certified Public Accountant to get their licenses. However, before taking the exam, applicants are advised if the board in their states implement the two-tier rule. This rule means that applicants should pass the exam and should have sufficient work experiences before they get their licenses. The states that implement the two-tier rule include Illinois, Alabama, Nebraska and Montana. Other states that implement the rule are South Dakota and Ohio. States that do not implement the rule include Oregon, Colorado and Virginia.

Ethics and Continuing Professional Education

Aside from the accounting examination, there are states in the America that require applicants to pass a special ethics examination. In present times, at least 40 states do not give licenses to accountants until they pass the exam. When it comes to maintaining their licenses, accountants are required by finish several continuing education units. The requirements for the renewal of licenses differ from one state to another. Some states require accountants to complete 40 hours of continuing professional education courses every two years while the others require them to finish 50 hours of the courses for three years. To enhance the morale of accountants, CPAs are required to take ethics examinations every time they renew their licenses.

Free CPA Exam Downloads

Thursday, April 25th, 2013

There are plenty of free CPA exam downloads available online. If you’re studying to be a CPA, it’s crucial you know how to take advantage of this. At the same time you need to be aware of the potential pitfalls.

Download What You Need

There are a lot of files you can choose from. Don’t just download everything. Decide on what you need right now. Is it a general study guide? Or is it a test exam simulation? Do you need information on the software? Or is it the requirements in your state?

By getting only what you require, you’ll get to focus on the subject. Getting only the free CPA exam downloads you need should keep you from being overwhelmed.

Picking the Right Site

The right website means one that has accurate and updated materials. Don’t let the flashy graphics fool you. Download one file and read it. Is the info correct? It also won’t hurt to visit forums or blogs. These are excellent places to find links to free CPA resources.

When downloading software, be sure to perform a virus scan. Almost all review courses charge for using software. If a site offers one for free, run a virus scanner. These free CPA exam downloads might contain viruses, so it’s best to be sure.

Quality is of the Essence

This fact can’t be emphasized too much. A free download doesn’t necessarily mean it’s no good. There are a lot of free quality CPA products out there. However a lot of them are not updated. They may have been good resources a couple of years ago but totally useless now.

It’s important to realize CPA exams are constantly being revised. That’s the reason why CPAs still study every few years or so. Don’t bother using free but outdated material. It will only make things worse during the actual exam.

The point here is that you need to be discerning. Although they are free, you have to scrutinize the contents. If the grammar is poor or there are obvious inaccuracies, delete the file. Don’t hesitate to compare the materials in review courses with the stuff you find there.

Supplements, Not Replacements

Keep in mind that even the best free CPA exam downloads are complementary tools. They don’t replace the CPA review courses. They don’t take the place of the self study books or classes (live or online). It’s best to think of these downloads as supplements to the review materials you’re using.

A few other things to remember about using these materials: study all the information provided. Set aside specific times for studies. Give yourself enough time to learn before taking the exam.

Of course you should download the stuff that meets your needs. Pick materials that are most pertinent to your state requirements. Eventually you’ll learn to distinguish between the good stuff and the fluff.

When it comes to free CPA exam downloads, there is no shortage of websites to choose from. With a little bit of research, you’ll get these resources to work for you.