In today’s society, going the extra mile to obtain further certificates aside from your degree is important. It not only sets you apart from your peers but lets the public and employers know that you are certified in a specific field. A Certified Public Accountant (CPA) is an accounting professional certificate that is recognized only in the United States. To obtain a CPA qualification you must apply, write and pass the uniform CPA examination and in addition, have fulfilled all necessary requirement by the relevant state.
Who is authorized to provide the CPA exam?
The CPA Licensing is done by the states, district and country Boards of Accounting. The CPA exam is developed and graded by the American Institute of CPAs (AICPA). Once a person has completed the CPA course, there are lots of areas he/she can specialize in, including.
corporate finance and business,
tax preparation and planning etc.
What steps are required to obtains the CPA certificate?
Becoming a CPA accounting is not a quick or easy task. Unlike basic accounting courses such as Certificate IV in Accounting or Certificate IV in Bookkeeping, CPA has prerequisites prior to being able to undertake the course. Previous graduates of the CPA course advised there are three steps in obtaining the qualification.
Education – bachelor’s degree in accounting, finance or a related field.
Exam – You will need to achieve a minimum score of 75 to pass CPA exam.
Experience – get a minimum of one year supervised experience prior to taking the exam
Certified Public Accountant (CPA) courses
The CPA course has a total of 14.0 units course duration. The CPA course syllabus has a wide range of areas of specialization which is grouped into four categories. They include-
Auditing procedures and practical applications
Financial Accounting and Reporting
Regulation including ethics, taxation and business laws
Business Environment Concepts
The CPA Examination
The CPA exam is the most important aspect of the program. This is because CPAs have access to the sensitive financial information of countless businesses and individuals. The CPA exam is divided into four with respect to its course outline and you as a student can decide which one you want to write first. Although you must make sure the following 3 exams are passed within an 18-month period. These examinations are always taken during the first two months of every quarter I.e. January and February, April and May, July and August, October and November. This implies that the exam is sat for four times in a year. A minimum score of 75 is required in each course to pass the exams.
Requirements to sit CPA Exam
The following are required for you to be eligible to sit for the CPA exams:
Must be 18years and above
A minimum of 120 credit hours and maximum of 150 credit hour from institution where BSc or MSc is obtained
All of your academic qualifications
Not compulsory to be a citizen
Method of Application
You have to obtain an application form through the Board of Accounting in your state. Send in your application alongside with your transcripts, photograph, recommendation letter and other necessary documents. Then use your Authorization to Test (ATT) to obtain your Notice to Schedule (NTS) and with your NTS you can then apply for a COA.
Benefits of Becoming a CPA
There are a lot of benefits attached to you obtaining a CPA certificate. They include-
As a CPA, you can be an accountant but an account cannot be termed as a CPA. This is an edge over BSc Accounting holder.
CPAs are regularly hired. In a situation where you apply for a job in an accounting firm, a CPA holder would be considered over an Accountant because of the personal skills and profession.
A CPA is paid higher than just any other accountant.
Certification of the program is only a way to prove to the public and your employer that you possess a higher level of technical skills, ethical standards, and advanced skills.
If you have an interested in financial and auditing (accounting in general) why not boost your career today by bagging a CPA certificate. It pays and would serve you better. Edna does not offer this CPA certifications, although you can search our website for other courses by clicking here.
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