A professional in accounting and tax is known as a Certified Public Accountant or CPA. A CPA has passed all the examinations and met the requirements necessary to provide accounting services to either individuals or businesses. The video explains how to become a CPA.
A CPA is also known as a chartered accountant. They provide accounting and tax services as individuals or as part of an accounting firm.
You must have 150 college semester units, which is a state requirement.
You must then pass the Uniform Certified Public Accountant Examination set by the American Institute of Certified Public Accountants (AICPA). These are administered by the National Association of State Boards of Accountancy (NASBA).
Full-time work experience (maximum two years) under a licensed CPA is also required.
The CPA exams are:
- Audit And Attestation
- Financial Accounting and Reporting
- Business Environment Concepts
This includes writing skills, MCQs, and case studies. You must obtain a minimum score of 75 in each section and pass these exams within 18 months.
CPAs have numerous career options available, better job security, and higher earning power. Obtain more information from your state licensing board about CPA and licensing.