CPAs, or certified personal accountants, are responsible for performing audits and other specialized accounting services. They have very unique roles, including filing reports with the Securities and Exchange Commission (SEC) and representing groups before the IRS. In order to become a CPA, accountants must complete 150 hours of study, launch their career, and pass multiple rigorous exams. Complete a Bachelor’s Degree The first step to becoming a CPA is to earn a degree in accounting. In order to become licensed, most states mandate that future CPAs need to complete 150 semester hours of study. Most bachelor’s degree programs, however, only include 120 hours of study. To combat this, some schools offer a five-year combined undergraduate and master’s program in accounting. Coursework normally starts with accounting theory, and then moves on to more specialized and complex topics including cost accounting. Earn a Master’s Degree Although a master’s degree is not a necessary requirement to become a CPA, many students who complete a traditional bachelor’s degree still need more hours of study in order to reach the threshold. Degree options vary, but popular options are a Master of Science in Accounting or Master of Business Administration (MBA) with a specialization in accounting. Start a Career The next step for aspiring CPAs is to enter the workforce. State boards normally require two years of work experience before future CPAs are qualified to take the certification exam. They normally find work in accounting firms or in the accounting departments in a variety of companies. Workers help prepare tax returns and verify financial documents. Take the Certification Exam The American Institute of Certified Public Accountants (AICPA) is responsible for creating the certification exams. To become a certified CPA, the test-taker must complete four exams. After they pass the first exam, they must pass the remaining tests within 18 months. Continue reading at http://davidauercpa.com/
Published: March 07, 2019
David Auer CPA
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