Professional Documents
Culture Documents
http://www.calcpa.org/Content/licensure/requirements.aspx
What Is a CPA?
A CPA is a certified public accountant and is licensed by the state. In California, to earn the prestige associated with the CPA license, individuals are required to demonstrate their knowledge and competence by passing the Uniform CPA Exam, meeting high educational standards and completing a specified amount of general accounting experience. The two most important goals to focus on in your quest to become a CPA are passing the Uniform CPA Exam and meeting licensing requirementswhich have recently seen some big changes that take effect Jan. 1, 2014. California law gives CPA candidates two options for entering the profession. The California Board of Accountancy has outlined the following pathways for earning a CPA license: Pathway 1 (Expires Dec. 31, 2013.) Designed for individuals who will practice only in California and requires: A bachelors degree; 24 semester units in accounting-related subjects; 24 semester units in business-related subjects (accounting courses beyond the 24 required units may apply toward the business units); Passing the Uniform CPA Exam; Two years of general accounting experience supervised by a CPA with an active license; and Passing an ethics course.
Pathway 2 (After Jan. 1, 2014, this will be the ONLY pathway to licensure in California.) If you are licensed under this pathway, the majority of other states will recognize your license. If you think that someday you might want to practice in another state, Pathway 2 may provide you the professional mobility you desire. Requirements: A bachelors degree;
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CPA Requirements
http://www.calcpa.org/Content/licensure/requirements.aspx
24 semester units in accounting-related subjects; 24 semester units in business-related subjects; 150 semester units (or 225 quarter units) of education; Passing the Uniform CPA Exam; One year of general accounting experience supervised by a CPA with an active license; and Passing an ethics course.
Once you pass the exam and apply for your CPA license, youll need to select one of the pathways.
Auditing
When the public thinks of CPAs, they often think of auditingthe process of examining, testing and verifying a companys financial records. Traditionally, logging audit hours has been how aspiring CPAs pay their dues. Well, times have changed, and the number of CPAs in California who perform audits and other attest-type services is dwindling. So now, neither pathway requires audit experience to obtain a CPA license. But publicly held companies in the United States still need to be audited each year to remain in business. So at some point you may want to log the 500 hours of attest or auditing experience to obtain the authority to sign attest reports. It can add to your marketability as a professional. Increased Opportunity Since audit hours arent required, you can acquire the experience you need for licensing from any CPA in California with an active license. This means you can train under the CPA who is the information technology director at Warner Bros. or a CPA who works for herself in Lodi just as easily as you can under a partner at one of the large international accounting firms. Your predecessors may have had to work only with firms that performed audits, but your employment possibilities are wide open.
Destination Success
This is just a glimpse of the road ahead. Its an exciting one that requires careful planning. But your hard work will be rewarded. By earning a CPA license, you are telling the world that you received a broad-based education, planned well and studied hard to pass all parts of a very difficult exam. A CPA license shows that you have the knowledge, skills and abilities to be a trusted business adviser to your clients or employer, and that you are an ethical individual who can offer an independent
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CPA Requirements
http://www.calcpa.org/Content/licensure/requirements.aspx
viewpoint. In short, it means you have become a well-respected professional widely known as the most trusted adviser. (rev. March 29, 2011)
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