Obtaining a CPA license is a lucrative career move for both experienced accountants and aspiring students. Students should make it part of their career goals after working on their degrees. Obtaining a CPA license is not only open doors to financially rewarding opportunities; it also earns respect in the general public and business owners in particular. However, you should meet certain requirements to get certified and obtain your very own license.
The Three E’s
It is true that the CPA exam you will undertake will be the same whatever state you go to. However, you should still take note of the license requirements for your particular state. Take note that each state has its own accountancy board. This board will be chiefly responsible in determining the amount of education and level of experience one needs in order to obtain a license.
More often than not, these accountancy boards will usually require all three E’s to obtaining a CPA license. These necessary three E’s are experience, education, and examination. You’ll most likely be required to obtain all three things mentioned. In addition, you should also check with your state’s accountancy board for any other necessary requirements.
Complete Education and Experience Requirements
Every state will certainly require both education and experience for those who are on the path to obtaining a CPA license. You will either go over a two-tier or one-tier system in obtaining a CPA license depending on your state. Each state will have either the single tier or two-tier system.
If your state has the two-tier system then this simply means you can go right ahead and take the CPA exam even before getting the experience requirements done. After passing the exam you can work on the relevant experience required. Obviously the one-tier system will have it the other way around. Either way, the education requirements for all states are pretty much the same, which is 150 semester hours.
Of course, you will need to really put all the 150 semester hours to good use, which basically means studying hard. This also rings true especially when the time to take the CPA exams is near.
Settle Business with the Board
Contact the exam board for your state and apply for the exam. You may request to have them send the necessary forms to you. Fill out the forms, submit them, and pay the necessary fees. If there are any other requirements that your local board requires and accomplish them preferably ahead of time. Make use of any information your local board will give you.