Considering a Career Change as a CPA? A CPA Exam Review is Critical to Your Success
Whether you’re looking for a new career or have been obligated to find one, a career as a CPA can be fulfilling and lucrative. Whatever your reason for interest in becoming a CPA, you’ve made a great decision that can lead you down one of many different career paths. CPAs are vital to both businesses and individuals, and there are a number of specialties to satisfy many different interests.
On average, a new CPA earns 10% more than a non-CPA accounting professional in a financial role. There are a few other things to consider however, if you’re interested in becoming a CPA.
Most states require CPA candidates to have a minimum of 120 hours of education and up to 150 hours with a specific amount of credits in certain accounting topics. This generally equates to a Master’s degree. If you don’t have the education required, you may want to look into programs that offer a degree in accounting. If you don’t have the necessary educational credits, you will not be allowed to sit for the CPA Exam. Be sure to verify all requirements with your individual state board of accountancy.
The Uniform CPA Exam
The CPA Exam is one of the toughest professional examinations in the world. There are four sections during any single testing period. Most sections have a passing rate averaging at about 50%. Studying for the CPA Exam is no joke either. It is highly suggested that candidates spend at least 500 hours studying for the CPA Exam. In addition, you’ll want to choose the right CPA Exam course review provider to ensure you’re prepared for it.
There are a number of CPA Exam Review course providers. Ensure you pick the one that offers the resources you need in the format that works best for you.
Some states also require work experience before they will grant you a CPA license. You may be able to gain the experience during college, or after you graduate while working for a CPA firm and studying for the CPA Exam. Again, contact your state board of accountancy for specific requirements.
Once you have earned your CPA license, your education is far from over. Most states require a specific amount of continuing professional education credits (CPE) over your license renewal period. This ensures that you stay up to date on the latest laws and changes in processes such as taxation, which can change frequently over time.
There is certainly a lot to consider and prepare for in order to become a CPA. But it is well worth it. The long-term benefits are plentiful and can result is a happy and lucrative life. Preparation will be key, however, passing the CPA Exam will prove a challenging task. Choosing the right CPA Exam Review course provider will be vital in your path to becoming a CPA.