Every state in the U.S. has a “state board of accountancy” that has the authority and is solely responsible for licensing Certified Public Accountants who practice in their respective state. Each board states rules that govern what a candidate must have for becoming a licensed CPA. A candidate should have a 120-credit bachelor’s degree in accounting which was enough at one time, enough to qualify a person to sit for the CPA Exam, most states now have changed the minimum requirement a 150-credit college degree program. Every state has their set of minimum requirement.
In general, state boards require the following:
- A total of 150 semester credits from a college or university whose accreditation is accepted by the state (Colleges and universities typically offer a curriculum designed to meet the 150-credit requirement).
- A minimum of a bachelor’s degree.
- A specified number of accounting courses.
- A specified number of business courses.
Some colleges and universities who are known in the education sector for their quality accounting degree programs will offer both a bachelor’s degree in accounting in tune with 150-credit degree, which will help students in meeting the state’s requirements for sitting for the CPA Exam. If you want to become a CPA, you need to choose the 150-credit program. In those 150 credits, you will earn the bachelor’s degree in accounting.
How to meet the Educational Requirements: –
In general, colleges and universities will prepare an accounting curriculum that makes students go through the entire 150 college credits which will make them eligible to sit for the CPA Exam.
Here are a few tips through which you can qualify for the CPA Exam:
- Get a bachelor’s degree in accounting from a college or university known for its prestigious and outstanding undergraduate program. Then you can attend a prestigious graduate school to earn an MBA degree.
- Get a bachelor’s degree in accounting from a college or university known for its prestigious and outstanding accounting program. Then you can opt for a graduate degree in taxation from an exceptional university.
- CPA potential candidate can also graduate from college in only 4 years with the 150-credit degree. That can be achieved through the AP (or PSEO) credits earned in high school.
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