What it Takes to Become a CPA
Becoming a Certified Public Accountant (CPA) expands the professional outlook for an accountant or tax professional. CPAs are highly respected professionals known for their expertise in financial matters, auditing, and taxation. If you are a student or scholar interested in furthering your professional and academic knowledge in the field of accounting, the CPA pathway may be one of interest. While it takes many steps to become one, it is well worth the investment.
The first step is obtaining a bachelor's degree in accounting or a related field. Many states require a minimum number of credit hours in accounting and business courses. It's essential to choose an accredited program to ensure that you meet the educational requirements for CPA licensure.
In addition to a bachelor's degree, some states have additional educational requirements, such as completing a certain number of graduate-level credit hours. It's crucial to check the specific requirements of the state board of accountancy where you plan to become licensed.
Most states require candidates to gain relevant professional experience before obtaining their CPA license. This typically involves working under the supervision of a licensed CPA and accumulating a specific number of hours in areas such as auditing, tax preparation, or advisory services. The exact requirements vary by state. Here are the University of Oregon’s requirements. Be sure to consult your academic advisor/institution for exact requirements.
The CPA Exam is a challenging four-part examination that tests candidates on auditing and attestation, business environment and concepts, financial accounting and reporting, and regulation. It's essential to invest time and effort in comprehensive exam preparation, which may include self-study, review courses, and practice exams. Successfully passing all four sections of the CPA Exam is a significant milestone. Each section is designed to assess different aspects of accounting knowledge and skills. Candidates must achieve a minimum passing score on each section within an 18-month rolling period. To learn more about Oregon’s CPA Exam, click here.
Once you have met the educational requirements, gained the necessary professional experience, and passed the CPA Exam, you can apply for CPA licensure through the state board of accountancy. This process involves submitting transcripts, proof of experience, and other required documentation. To learn more about Oregon licensure, click here.
Becoming a CPA requires dedication, education, and professional experience. It's a rewarding journey that opens doors to diverse career opportunities in accounting, finance, and business. By following these steps and staying committed to continuous learning, you can achieve the prestigious title of Certified Public Accountant.
To learn even more, check out the National Association of State Boards of Accountancy (NASBA).