Accounting Retention: The Certified Public Accountant (CPA)

With this education, a graduate can expect sixteen top-tier accounting organizations from around the world to recruit him or her and to be completely prepared for the New York State Certified Accountant Exam (“M.S. in Professional Accountancy.” 2014). CPA Exam The CPA exam is taken by college graduates that have one hundred fifty credits with a year of full time experience (“Initial License,” 2011). It states that exam takers must have thirty-three semester hours in accounting and thirty-six hours in general business electives (“Initial License,” 2011). According to the CPA website for New York State, full time is considered to be working five days a week for thirty-five to forty hours disregarding overtime (“Initial License,” 2011).

An accountant is very important to the government. There are a lot of job availabilities when wanting to be an accountant. Accounting is important to society because if there were no accountants it would make life hard for people to file their taxes and accountants make sure that the taxes get to the right place. Accountants are people that make lives easier for others and mostly deal with financial statements and records. Accountants ensure that financial

There are specific requirements you have to meet in order to earn a degree in accounting. An accounting degree normally carries a minimum of 120 earned credits within a four-year period of pre-determine courses. Out of that 120 credits at least 60 credits has to be core accounting classes. Eighteen to 20 of these credits will be elective courses in the accounting or business field. After you complete your degree you can take some graduate courses or work, or you can do both.

To become a CPA in Michigan, first you need to get your education. The state requires you to have at least a bachelors degree and your school must be accredited by one of the six regional accreditation agencies Also, you must have 150 total semester hours of college credit and a bachelor’s degree with a concentration in accounting. After you accomplish all the necessary educational requirements. If you have earned a bachelor’s degree and completed 120 of the 150 total semester hours of credit, or if you will fulfill these requirements within 30 days of taking the exam, you are eligible to sit for the Uniform CPA Exam. The total cost to take the CPA exam in Michigan is $876.08 including an initial one-time $147 application fee.

• The accounting principles are constantly changing. Currently, there is a struggle between accountants who want to use the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS). Many companies in the United States prefer GAAP over IFRS because GAAP is more rule based, whereas IFRS is principles based. In my accounting classes, we focus on GAAP. If the U.S. decides to switch to IFRS, I will not be as well-equipped when I enter the work force.

Most accounting jobs require Bachelor’s degree and I am few credits away from completing my degree. The most important skills required for an accountant position are analytical, communication, mathematical, and organizational skills. (bls.gov). As stated on O*NET OnLine, accountants are also required to have an active listening, reading

However general accounting and bookkeeping classes can be taken in high school. In college, the student needs to decide on a more specific field of accounting. An accountant has many choices regarding what particular field of accounting to specialize in, depending on the financial information he or she wants to analyze and how it is done. Financial accountants, tax accountants and internal auditors are all accountants in general but require different training and work methods. A financial accountant records economic data and periodically prepares reports that show profit and other financial information of a company using the generally accepted accounting principles.

Every state requires that mechanical engineers earn licensure, which calls for education, supervised work experience, and several examinations. A bachelor’s degree takes 4 years to earn. A master’s degree takes another 1 or 2 years. It takes 4 or 5 after that to earn a PhD. In college, you study the subjects that that are central to this field.

Firstly, I learned the additional requirements to qualify to become a CPA and the location to take the CPA exam. To qualify to become a CPA requires 30 additional semester hours of education on top of a bachelor’s degree. I knew that I would need to take the four part exam, but I didn’t know I would need a total of 150 credits. In addition, that an individual has a maximum of 18 months to complete the four part CPA exam when one part is completed. Also, the only place to take the CPA exam is at a Prometric Center, which each state has only one.

A private accountant may perform internal audits or monthly reports on your company. Eventually, you may be offered the opportunity to travel to different job sites, which may be in different states, or even countries. The career path of a typical public accountant consist of, working for any sized firm, ranging from a large, international accounting firm, to a small local accounting practice. Within the firm, you can work in area such as auditing, taxes and management consulting. A public accountant could also seek a job in industry, where there are careers in companies of all sizes, working in many areas such as financial accounting and reporting, management accounting, and cash management.