What you Must Know Regarding CPA License Requirements
The CPA profession has changed drastically after several years and because of such, the CPA requirements have also changed. The CPAs now are more than just traditional accountants. A lot would take operational leadership roles of all kinds and the others would move on to be a part of the company’s C level suite. So many are actually ending up in the boards of directors as well as the audit committees.
You must have a CPA license when you are planning to practice public accounting, particularly when you want to be a partner in the public accounting firm. You must have that CPA license to be able to do auditing work and also to provide attestation services. Such are the two main as well as biggest service offerings in the public accounting firm. But, you don’t need to worry regarding any CPA requirements when you are planning to work inside the public or that private organization.
Because of such, there are many companies which prefer their employees in financial and key accounting roles like the chief financial officer or controller to have an active CPA license. So when you are interested about holding that key position in the accounting firm or in any organization, then you must get that CPA license since this is the key credential that you should earn to make sure that you will have such ideal and also lucrative career.
Other lucrative careers in which the CPA license is very valuable would include the management accounting, government accounting, mergers and acquisition, tax accounting, consulting and internal auditing. Due to the growth in such global business landscape, such statistics show that there is that shortage of CPAs but there are a lot of students which pursue that CPA career due to the many opportunities which are available.
The CPAs are being granted their licenses through every individual state’s Board of Accountancy. For such reason, the CPA license requirements may vary from one state to the other. But with this, there are many similarities between the States since every state should comply with the Uniform Accountancy Act.
When it comes to educational requirements, you should have at least a bachelor’s degree that has 150 hours of education. If you have this, then you would be qualified to prepare for the CPA exam requirements. You should take that CPA course so that you will be prepared for those challenging CPA exams.
The CPA exam is a pencil and paper exam where you must take all of four parts. You should think of the form of preparation as well as the psychological standpoint. Nowadays, you may take the Prometric CPA exam that is a uniform exam and may be taken at one of the testing locations at your convenience when you are prepared.