How to Become a CPA
There are several ways to become a CPA. Some of them include earning a bachelor’s degree, getting work experience, or taking the CPA exam. Regardless of your choice, you will want to follow the steps listed below to get the most benefits from your training. After reading through this guide, you’ll be well on your way to becoming a CPA! So, what’s next?
Getting a bachelor’s degree
A bachelor’s degree is necessary for a variety of reasons. In addition to helping prepare students for a career in public accounting, it also allows them to specialize in various areas. For example, a public accountant should have an understanding of the needs of their clients, while a corporate auditor should be familiar with the business operations and accounting practices of their employer. Those who wish to pursue additional education beyond a bachelor’s degree can do so by pursuing a master’s degree or specialist certification.
To become a CPA, you must complete 150 semester hours of study. For example, students who want to become public accountants must earn at least 150 hours of coursework in accounting and finance. It is best to look into accounting and finance programs when choosing your undergraduate major. It is important to take as many accounting classes as possible to broaden your horizons and prepare you for the rigorous requirements of the profession.
Getting a master’s degree-CPA
Obtaining a master’s degree in accounting can help you pass the rigorous CPA exam. This exam is one of the toughest professional examinations in the country, with up to half of the applicants having to retake it. By earning both a bachelor’s and master’s degree in accounting, you’ll have the 150 credits you need to pass the CPA exam administered by the American Institute of Certified Public Accountants.
Earning a master’s degree in accounting and taxation is typically two years in length, and it’s far more in-depth than the CPA exam. This extra degree may help you land a higher salary and gain valuable networking opportunities. You may even meet future colleagues and business partners. Plus, you’ll have the expertise to be a valuable asset to the industry.
Getting work experience
For example, the work experience must have been in auditing, taxation, or accounting advisory. A US CPA is a US-based accounting qualification that enables candidates to work in public accounting.
Gaining experience is an excellent way to increase your chances of obtaining a coveted position in the accounting field. However, it can be difficult to find an appropriate job that will allow you to gain the necessary experience. As a general rule, the more education you have, the more job opportunities will open up for you. As a rule of thumb, a bachelor’s degree takes about four years to complete, but a master’s degree will open up many more doors.
Taking the CPA exam
You may already be familiar with the four-part CPA examination. Regardless of your preparation method, you’ll be glad you took the time to study for it.
If you have a four-year degree in accounting or business, you must pass the corresponding examination. You can take the exam if you have completed at least one year of full-time employment under a licensed CPA. Alternatively, you can complete two years of part-time work under a US-licensed CPA. Once you’ve completed the exam, you’ll have a wide variety of work settings in which to practice.