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CPA Requirements(Accounting Careers)

Author:
Harold Averkamp, CPA, MBA

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Education Requirements

Each state’s board of accountancy establishes the education requirements for taking the CPA Exam and for becoming a licensed CPA. You can find your state’s requirements with this link: State Boards of Accountancy

Colleges and universities with respected accounting degree programs often offer a bachelor’s degree in accounting as well as the 150-credit degree or master’s degree. If you want to become a CPA, you will choose the 150-credit program or the master’s degree (provided they meet your state’s requirements for taking the CPA Exam).

You should know that college accounting courses are difficult—they demand an ability to understand and deal with complex financial concepts. You will be expected to attain excellent grades in a competitive environment with high grading standards.

Less than half of the students who enroll in a college accounting degree program will end up graduating with an accounting degree. Of the students taking the CPA Exam, on average only half will earn a passing score.

Learn more about the difficulty of the CPA Exam

If your goal is to become a CPA, you should prepare early. While still in high school, enroll in courses that are part of the “college track.” Completing advanced placement (AP) or post-secondary enrollment option (PSEO) courses in high school will give you more options in college.

Meeting the Education Requirements in Different Ways

Generally, colleges and universities will design an accounting program that guides students through the college credits required to sit for the CPA Exam and to be licensed as a CPA. You should be aware that the state boards of accountancy allow some flexibility. Here are examples of how people met the education requirements for becoming licensed as a CPA:

  • Judy earned a bachelor’s degree in accounting from a college or university noted for its outstanding undergraduate program. Judy then earned an MBA degree from another graduate business school.

  • Mike earned a bachelor’s degree in accounting from a college or university noted for its outstanding accounting program. Mike then attended another exceptional university and earned a graduate degree in taxation.

  • James graduated from college in only four years with the 150-credit accounting degree. This was possible because James came to college with many AP (or PSEO) credits that he earned in high school.

Learn more about Choosing a College or University

Passing the CPA Exam

Once a state board of accountancy determines that a candidate has met its requirements for taking the CPA Exam, the candidate will face the most difficult part of becoming a certified public accountant—passing the exam itself.

The CPA Exam is known for its low pass rates. This is why we recommend that you attend a college or university with a rigorous accounting program.

See our discussion under Accounting Degrees

As a general rule, you should sit for the CPA Exam as soon as you meet your state’s academic requirements. It is advantageous to take the exam while your accounting courses are reasonably fresh in your mind.

We also recommend that you sign up for a CPA Exam review course before attempting the CPA Exam.

Learn more about the CPA Exam

Ethics Exam

After passing the CPA Exam, but before a CPA license is issued, an ethics exam may be required. Learn your state’s requirements regarding ethics at your State Board of Accountancy.

Experience Requirements

The experience requirements for obtaining a CPA license are also determined by each state’s board of accountancy.

Generally, if someone passes the CPA Exam the odds are great that the person will find a job that provides the required professional accounting experience. Of course, there will be times when economic conditions make it difficult to find a specific accounting position.

CPA License Requirements

You must apply for your CPA license through your state’s board of accountancy (or its designated licensing agency).

To renew one’s CPA license, most state boards of accountancy require CPAs to earn a specified number of continuing professional education (CPE) hours within a stated period of time. Boards will specify the types of CPEs that will meet this requirement.

For more details, check with your State Board of Accountancy.

Organizations for CPAs

While membership in a state society of CPAs and membership in the American Institute of CPAs may not be a legal requirement, we believe it is a practical requirement for the reasons shown below.

State Societies of CPAs

Most certified public accountants join their state society of CPAs. A state society provides the following benefits:

  • Information on current issues within the state

  • Continuing professional education seminars on topics such as state taxes, state laws, federal taxes, and technology changes

  • Monthly bulletins, newsletters, magazines, and email notices covering issues important to its members

  • Communications to the public about the accounting profession

American Institute of Certified Public Accountants (AICPA)

The American Institute of Certified Public Accountants is a national professional organization of CPAs. Surprisingly, not all CPAs join this organization, even though it offers significant benefits to its members ranging from technical accounting updates to discounts on products and services. The AICPA publishes the monthly magazine Journal of Accountancy, maintains a website with information on current issues, and provides continuing education resources.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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