Things to Understand About CPA License Requirements
The CPA profession has definitely changed in the best way after many years and due to this, the CPA requirements have changed as well. 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. There are a lot of those who end up in boards of the 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. When you want to do auditing work as well as provide attestation services, then you must have that CPA license. These are two main and biggest service offerings of the public accounting firm. However, you must not worry about any CPA requirements if you would plan to work inside the public or such private organization.
So many companies would require that their employees have CPA license that is active especially when they are in the key accounting as well as financial roles like the controller or such chief financial officer. If you are really interested regarding holding such key position in the accounting firm or in any organization, then you must have that CPA license because this is really a very vital credential which you must have to make sure that you will have the best career.
The other profitable careers wherein the CPA license is quite valuable include such government accounting, management accounting, mergers and acquisition, consulting, tax accounting as well as internal auditing. Because of that growth in the global business landscape, those statistics show that there is really a shortage of CPAs but there are many students are pursuing such CPA career because of the different opportunities that are available in the long run.
The CPAs are actually given their license through the State’s Board of Accountancy. Due to this, the CPA license requirements can differ 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 such, then you could now prepare the requirements for the CPA exam. For you to be very prepared for the challenging professional exams, then you must have that CPA course.
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.