CPA Training

CPA Training

A CPA is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals All CPAs are accountants, but not all accountants are CPAs.

How to become CPA?

3 E’s are required for licensure:

Education

Exam or Uniform CPA Examination

Experience

State Boards of Accountancy determine the laws and rules for each state/jurisdiction

Education

Requirements vary by state/jurisdiction (see state requirements)

Most states now require 120-150 semester hours

Number of accounting hours (in the 150 total) is dependent on state requirements

Uniform CPA Examination

Computer-based format

Consists of 4 sections

Auditing and Attestation (AUD)

 Business Environment and Concepts (BEC)

 Financial Accounting and Reporting (FAR)

 Regulation (REG)

 Same test no matter where it is taken

Passing score is 75 on a 0-99 scale

Question types include multiple choice, simulation and written communication

Eligibility to sit for exam depends on stat

Examination Center

Prometric centers in UAE, Kuwait, Bahrain, Lebanon, Japan & Brazil subject to conditions.

Exam Format

Subjects               New CBTe

Ex           M            T             

Paper 1 : Auditing & Attestation                                   4             3            1            

Paper 2 : Financial Accounting & Reporting 4        3              1             

Paper 3 : Regulation (Law & Tax)                   3          3              1             

Paper 4 : Business Environment & Concepts        3              3                              

 MCQ – Multiple Choice Questions

TBS – Task Based Simulation

WCT – Written Communication TaskExperience

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A candidate is an applicant for a CPA license

Many states require the candidate to have 1 – 2 years’ experience under a CPA

Additional requirements vary by the candidate’s

Education – e.g., Graduate degree vs. 150 hours of undergraduate

Employer(s) – e.g., Public accounting firm vs. industry

Type of work – e.g., Tax professional vs. auditor

TAG:

CPA Training, Online CPA Training

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