Since you were young, Crunching number was your point. Your parents joke that you were born with a calculator in hand. Sudoku is your weekend passion. Why use your love of numbers as a certified public accountant? A CPA advises clients on financial and tax matters and sometimes audits within companies to ensure proper financial reporting. Although the certification requirements vary from state to state, The education path is quite simple.
First and foremost, you must have a bachelor's degree in accounting or finance. In addition, most states require 150 semester hours of postsecondary study, including some graduation work. Once this is done, the potential CPA will have to take four certification exams, and all have to pass within 18 months. The biggest thing about this effort is the amount of increase in this area.
U.S. The Bureau of Labor Statistics (BLS) makes notes through this study.com The article, "The accountant and the auditors will have an increase of 11% in the year 2014-2024. According to the same source, in 2015, these workers earned an average annual salary of $ 75,2800." And in this way rogercpareview.com In article notes, "In the salary guide of 2017, the finance recruiter Robert Half International said that with professional certification or master's degree accounting professionals do 5% to 15% more on average, with a CPA being the most desired certificate." Yoga, by obtaining your advanced degree, there is a large salary gap in the accounting sector.
If you are always interested in becoming a Certified Public Accountant, we can help. It may seem overwhelming but there is a fairly defined path, and we go on the steps to become a CPA below.
1- Get degree in accounting
Most states require a potential CPA to complete the 150 semester hours of study in this area to obtain a license. However, most graduate degrees only take about 120 hours of schooling. In order to improve this gap, some schools offer the option of doing joint bachelor and master degree programs in accounting, which usually takes five years. Coursework begins with the fundamental principles of accounting theory and runs on things like cost accounting because the subjects become more complex.
2- Decide the degree of graduation
Usually this is not necessary Become a CPA But there is a good option for those who did not go to school with a joint graduate and master program. If you have not gone to any school with this option, you need to earn a bachelor's degree to meet the requirements of the credit hour to become a CPA. You will learn things like financial control and tax planning when you get your Master of Business Administration, Master of Arts in Accounting, or Master of Science in Accounting.
3- Time to work!
You feel that this is out of order because we have not yet mentioned the certification exams, but that is because almost all state boards require CPA to complete at least two years of work. You can work in the accounting department of any company, or go for a job in a public or private accounting firm. with the help of Fixed asset software And learning from your colleagues, this kind of work is invaluable on the job experience.
4- Take certification exams
After meeting your education and experience requirements, it is time to come in and Passing the CPA Certification Exam. American Institute of Certified Public Accountants (AICPA) conducts four examinations that have to be successfully completed to become CPA. In this form aicpa.org In the article notes, "The CPA exam consists of four, four hours sections: Audit and Certification (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG)." For the first time in the examination, candidates will have to complete the other three within 18 months. Those who pass the exam in this time frame earn their license to become CPA.
5- Yes, more education
If you want to learn, CPA route is ideal for you. At the top of the previous steps, we have mentioned that it is important for the CPA to be formed, the accountants will have to continue education to meet the renewal requirements. Apart from this, some states require CPA to take ethics courses as part of continuous education.
Bottom-line:
It may seem like a lot of work, but with the above development in the field, it may be worth pursuing. Being a certified public accountant, you can not only get a highly paid job, but you can start a highly profitable accounting firm.
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