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, from the smallest start ups, to the biggest government agencies, will always require the services of a CPA - 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
CPA's only file tax returns.
FALSE
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
The CPA Profession is a male dominated industry.
TRUE