CPA Licensure Requirements
Requirements - Remember the four E's: Education, Exam, Experience - What is the fourth E??
1. Education
2. Examination
3. Experience
4. ETHICS
Every business and organization needs a CPA, from the smallest start ups, to biggest government agencies, to your favorite actor or athlete - this creates the benefit of?
Job Security
A CPA earns a larger _______ than an Accountant.
$alary
In order for a CPA to earn a decent salary, they must work 60+ hours a week.
FALSE
150 semester credits is required for Licensure - How many of the 150 must be in Accounting?
30 hours of Accounting are required.
As a CPA you can easily get employed in the U.S or in another country - this is because the CPA designation is?
Internationally Recognized
Unlike an Accountant, a CPA must apply for a ____________ through their State Board.
License
The CPA Profession is no longer a male dominated industry.
TRUE
Passing the CPA Exam is a Requirement for Licensure - How many parts is there to the CPA Exam?
Four Parts:
Auditing & Attestation (AUD)
Business Environment & Concepts (BEC)
Financial Accounting and Reporting (FAR)
Regulation (REG)
A CPA can attend their child's soccer game or go on frequent vacations because the profession offers ___________?
Flexibility
All CPA's are Accountants but _____ ______ _______ ______ ______.
Not all Accountants are CPAs
CPA's only file tax returns.
FALSE