27/01/2016 Other Services
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:
Exam or Uniform CPA Examination
State Boards of Accountancy determine the laws and rules for each state/jurisdiction
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
Consists of 4 sections
Auditing and Attestation (AUD)
Business Environment and Concepts (BEC)
Financial Accounting and Reporting (FAR)
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
Prometric centers in UAE, Kuwait, Bahrain, Lebanon, Japan & Brazil subject to conditions.
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
<a href=" http://letslearngroup.com/cpa /"> CPA Training </a>
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
CPA Training, Online CPA Training
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