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Posted on Feb 08, 2016 |
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A CPA is a trusted financial advisor who helps individuals businesses and other organizations plan and reach their financial goals All CPAs are accountants but not all accountants are CPAs How to become CPA 3 E 8217 s are required for licensure Education Exam or Uniform CPA Examination Experience State Boards of Accountancy determine the laws and rules for each state jurisdiction Education Requirements vary by state jurisdiction see state requirements Most states now require 120-150 semester hours Number of accounting hours in the 150 total is dependent on state requirements Uniform CPA Examination Computer-based format Consists of 4 sections Auditing and Attestation AUD Business Environment and Concepts BEC Financial Accounting and Reporting FAR Regulation REG Same test no matter where it is taken Passing score is 75 on a 0-99 scale Question types include multiple choice simulation and written communication Eligibility to sit for exam depends on stat Examination Center Prometric centers in UAE Kuwait Bahrain Lebanon Japan amp Brazil subject to conditions Exam Format Subjects New CBTe Ex M T Paper 1 Auditing amp Attestation 4 3 1 Paper 2 Financial Accounting amp Reporting 4 3 1 Paper 3 Regulation Law amp Tax 3 3 1 Paper 4 Business Environment amp Concepts 3 3 MCQ 8211 Multiple Choice Questions TBS 8211 Task Based Simulation WCT 8211 Written Communication TaskExperience CPA Training A candidate is an applicant for a CPA license Many states require the candidate to have 1 8211 2 years 8217 experience under a CPA Additional requirements vary by the candidate 8217 s Education 8211 e g Graduate degree vs 150 hours of undergraduate Employer s 8211 e g Public accounting firm vs industry Type of work 8211 e g Tax professional vs auditor TAG CPA Training Online CPA Training http letslearngrou
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