...Certified Public Accountant Process Jenna M. Stienstra Southwest Tech Abstract A certified public accountant (CPA) is an individual who has passed the very difficult CPA Exam and been licensed by one of the 50 United States or one of five other jurisdictions. The CPA license is renewed if the individuals continue to follow the state's requirements, including professional education credits. Following the process, knowing the salary difference, and understanding what CPAs do from day-to-day are all important factors. Many changes are being made to the CPA Exam in the near future, so individuals who are planning to take the exam should be aware of the changes that will be incorporated into the upcoming versions. Keywords: CPA, process, advantages and disadvantages, exam, license, salary. CPA Process Anyone who has known a CPA has probably heard how much he/ she had to study and how difficult it was to obtain a CPA license. However, even though it takes additional college education and studying to pass the CPA Exam, it is worth the effort because of the promotions, increased pay, and more credibility that are given to individuals with a CPA license. The CPA Exam is not like any other exam, and the profession does have its pros and cons, just like any other business. What is the CPA Process? Becoming a CPA requires the individual to follow four steps in a sequence. First, the person must graduate from high school. Having a General Education Development (GED) is...
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...McCoy College of Business Administration TEXAS STATE UNIVERSITY Department of Marketing Consumer Behavior: MKT 3350 |Instructor |Kathryn Davis, Ph.D |Phone: 512-245-4378 | | |Office: McCoy 417 |Email: ksd27@txstate.edu | |Office hours |MWF: 8:00 AM – 9:00 AM and Wed: 1:00 PM – 3:00 PM and by appointment as needed | |Course Description |Students examine the psychological and sociological factors that influence consumption and decision-making. During the | | |course, students learn the practical implications of consumer attitudes and behavior for marketing activities. This | | |course is part of Texas State’s Service-Learning Initiative. | |Course Materials |Consumer Behavior: Building Marketing Strategy, 12/e (note: 11/e is also accepted) | | |Hawkins, Mothersbaugh, Best | | |ISBN 13: 978-0-07-353004-8 ...
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...CPA Program Guide— professional level 2011 © CPA Australia 2011 CPA PROGRAM GUIDE—PROFESSIONAL LEVEL i Foreword Since its inception in 1986, the CPA Program has undergone many changes to maintain its relevance to the business world and ensure graduates are equipped to be leaders in finance, accounting and business advice. The CPA Program continues to be recognised as a leading professional program and receives strong endorsement by graduates. Over 75 000 members have completed the CPA Program to date. The CPA Program provides graduates with a world class, internationally recognised professional qualification. Employers need good strategists from a wide range of areas, whose skills are complemented by excellent business training. The CPA Program you are undertaking delivers top quality graduates who provide advice of the highest order to the business world. Approximately 23 000 CPA Australia members hold the position of General Manager, Financial Controller, Chief Financial Officer or Chief Executive Officer. CPA Australia strives to continually enhance the CPA Program’s global relevance and provide more ways for people to develop a career built on professional accounting skills. The CPA Program ensures candidates develop the appropriate skills, knowledge and values required of a CPA through a combination of coherent learning experiences. As shown in the following CPA Program diagram, the CPA Program formal education model consists of two levels: ■ The foundation...
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...BECOMING A TEXAS CPA TABLE OF CONTENTS EXECUTIVE SUMMARY ………………………………………………………………......i INTRODUCTION ……………………………………………………………………….…...1 BECOMING A TEXAS CPA ………………………………………………………………..1 TEXAS UNIFORM CPA EXAM ………….…………………………………………….…..1 Requirements and Application to Sit ...……………….………………….……….…..1 Topics and Structure …………………………….……………………………………3 Rules, Testing Windows, and Sites ………….……………………………………….4 CPA EXAM PREPARATION ………………….……………………………………………4 ADDITIONAL REQUIREMENTS …………….……………………………………………5 CONCLUSION ………………………………………………………………………………5 APPENDIX A ...………………………………………………………………………….…..6 BIBLIOGRAPHY ......………………………………………………………………………..7 EXECUTIVE SUMMARY This report provides the requirements and steps to become a Certified Public Accountant (CPA) in Texas. In addition, it addresses the requirements to apply for and sit for the Texas Uniform CPA Exam, which details the topics covered and the structure of the exam. The report presents the rules, sites, and testing windows under which the exam can be taken. It also discusses the resources available in preparation for the exam. Finally, it includes the additional requirements to become a Texas CPA once a candidate passes the exam. The Texas State Boards of Accountancy determines the laws and rules for becoming a CPA in the state of Texas. The candidates who meet specific eligibility requirements will be issued certificates to practice public accountancy within the state. These requirements...
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...THE UNIFORM TEXAS CPA EXAMINATION: REQUIREMENTS AND PROCESS Prepared for Dr. Newman by Stefanie Chen October 19, 2015 CONTENTS EXECUTIVE SUMMARY……………………………………………………………………..ii INTRODUCTION…………………………………………………………………………........1 REQUIREMENTS TO APPLY FOR AND SIT FOR THE TEXAS CPA EXAM…….............1 Moral character………………………………………………………………………….1 Degrees&150 hours…………………………………………………………………......2 Accounting, business, and ethics courses…………………………………………….....2 FOUR SECTIONS AND TEST STRUCTURES………………………………………….........5 Coverage and structure………………………………………………………………….5 THE RULES, TESTING WINDOWS, AND SITES……………………………………...........6 Rules…………………………………………………………………………………….6 Testing window………………………………………………………………………….6 Testing center……………………………………………………………………………6 PREPARE FOR AND TAKE THE UNIFORM CPA Exam…………………………………….7 Courses and options……………………………………………………………………...8 Taking the Uniform CPA Exam under rules…………………………………………….9 Receiving scores…………………………………………………………………………9 ADDITIONAL REQUIREMENT FOR TEXAS CPA…………………………………...........10 Submit a licensure application…………………………………………………………10 Ethics exam……………………………………………………………………………..10 Work experience in Texas……………………………………………………………...10 BENEFITS TO BECOME A TEXAS CPA…………………………………………………..11 CONCLUSIONS……………………………………………………………………………….11 WORKS CITED…………………………………………………………………………….....11 EXHIBITS AND NOTES……………………………………………………………………...12 APPENDIXES…………………………………………………………………………………17 Appendix 1-Application of Intent…………………………………………………...
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...2011changes to the content and format of the CPA exam We are going to cover the changes to the content and format of the CPA exam in 2011. Starting January 1, 2011, there are a lot of changes about the content and format of the CPA exam. Now we are going to look at some major content changes for the four parts of the CPA exam----FAR (Financial Accounting and Reporting), AUD (Auditing and Attestation), REG (Regulation) and BEC (Business Environment and Concepts). For FAR, the most notable is the testing of IFRS, the International Financial Reporting Standards. Candidates must know about the differences between GAAP and IFRS. AUD adds professional responsibilities, which contain ethics and independence testing that is previously in REG. REG adds business structure topics, which is previously in BEC. BEC adds corporate governance topic and redefines information systems topic. In addition to the content changes, the format of the CPA exam has been changed as well. To begin with, the timing of the exam has been changed. Not the overall time, which is still 14 hours total, but the time allocation to AUD part and BEC part. For purpose of more time to complete the new communication tasks, four and a half hours in AUD part has been down to four hours, and two and a half hours in BEC part has increased to three hours. The time for both FAR and REG remains the same, which are four hours and three hours respectively. Now let’s take a look at how it changes for each part of the exam in detail. In...
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...Public accountants work for individual clients and businesses to provide professional accounting services such as auditing financial statements and resolving tax issues. Accountants can provide advice on business matters such as the advantages of healthcare plans and compensation packages for employees. Public accountants in Texas must qualify for certification by meeting education and experience requirements and must pass the Texas Uniform CPA Exam. Therefore, the following paragraphs are discussion about the requirements sit for the Texas Uniform CPA Exam, the requirements to become a CPA in Texas, the topics the Texas Uniform CPA Exam covers, the testing windows for the Texas Uniform CPA Exam, and any other courses and issues that candidates have. To become a CPA in Texas, a candidate must be of good, moral character. In addition, a candidate must take and pass the Texas Uniform CPA Exam. Moreover, there are requirements to sit for the Texas Uniform CPA Exam. First, a candidate must hold a baccalaureate or higher degree from a board-recognized United States college or university, or an equivalent degree as determined by board rule from an institution of higher education in another country. For satisfying this requirement, a student must complete150 semester hours or quarter-hour equivalents of college credit.30 out of the 150 semester hours or quarter-hour equivalents described must be upper-level accounting courses from a board-recognized college or university, of which 15...
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...The Washington State Board of Accountancy has specific education requirements that are current after July 2000. In order to be eligible to take the CPA exam, a person must have a Bachelor’s degree or higher and must have completed at least 150 semester credits of college education (Board of Accountancy Washington State). Within these 150 semester credits, 24 credits must be in accounting subjects with 15 credits at the upper or graduate level and 24 credits must be in business administration subjects (Board of Accountancy Washington State). The Board must also recognize your school as an accredited college. If your education was outside of the United States or was received from a non-accredited US college or university, the education has to be evaluated by a recognized evaluation service (Board of Accountancy Washington State). The CPA exam consists of multiple choice questions, written communication, and task based simulations. There are two sections to the CPA exam: the content specification outlines (CSOs) which covers auditing and attestation, financial accounting and reporting, regulation, and business environment and concepts; and the skill specification outlines (SSOs) which covers knowledge and understanding, application of the knowledge, and written communication (American Institute of CPAs, 2013). The auditing and attestation section of the CSOs covers auditing standards for public and non-public entities, government entities, and not-for-profit entities. It also covers...
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...HOW TO BECOME A TEXAS CPA Prepared for Dr. Michael Newman By AMANDA LEOPOLD OCTOBER 21, 2015 CONTENTS EXECUTIVE SUMMARY…………………………………………………………………………………….……………….1 INTRODUCTION……………………………………………………………………………………………………….……….2 ELIGIBILITY REQUIREMENTS ………………………………………………………………………………….…………2 Education…………………………………………………………………………………………………………….2 Good Moral Character……………………..………………………………………………………………….3 UNIFORM CPA EXAMINATION ………………………………………………………………………………….…….3 Application & Fees…...………………………………………………………………………………………….3 Testing Windows ……..……………………..………………………………………………………………….4 Sections………………………..…………………………………………………………………………………….4 Study Prep Material.…………………………………………………………………………………………….5 OBTAINING THE CERTIFICATE …………………………………………………………………………………….…….5 CONCLUSION………………………………………………………………………………………………………………….…5 EXECUTIVE SUMMARY This report provides information about the steps required to become and maintain a Certified Public Accountant (CPA) license in the state of Texas. A CPA license in Texas is in great demand due to the fact Texas does not have a state income tax and many wealthy people move to Texas who require attention in estate planning and income tax. Under Texas law, an individual may not practice public accountancy unless they hold a certificate issued under Chapter 901 of the Public Accountancy Act. Included in this report are the following subjects: * The requirements and steps to become a Texas CPA. * Information regarding the...
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...BULLETIN BULLETIN INFORMATION FOR APPLICANTS INFORMATION FOR APPLICANTS June 2008 June 2012 UNIFORM CPA EXAMINATION CANDIDATE BULLETIN PREFACE This bulletin is intended for individuals who plan to take the Uniform Certified Public Accountant (CPA) Examination. The examination is fully computerized and offered via a network of test centers across the United States and its territories, as well as Japan, Latin America and the Middle East. Successful completion of the examination is one of the requirements for licensure by the 55 states and territories (jurisdictions) of the United States. In order to take the examination, you must be declared eligible by one of the jurisdictions. Each jurisdiction sets its own requirements for education, examination and experience. Since 1917, the Uniform CPA Examination has proven to be a highly valid and reliable measure of candidate abilities. This focus on quality has made it possible for all U.S. jurisdictions to rely on the results in determining who is competent to practice public accounting in order to protect the public. This brochure contains important information. Do not discard before receiving your examination results. Visit NASBA’s website to download additional copies of this document. © 2012 NASBA, AICPA, and Prometric. All rights reserved. Page ii UNIFORM CPA EXAMINATION CANDIDATE BULLETIN TABLE OF CONTENTS PREFACE ................................................................................................
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...CPA Requirements a. Identify the education requirements to be eligible to sit for the CPA exam in your state. Include any specific educational content requirements. In Louisiana State, candidate must meet the following educational requirements: • have earned a baccalaureate or higher degree from an academic institution recognized by the Board; • have completed a minimum of 150 semester (225 quarter) hours of postsecondary, graduate or postgraduate education at an institution recognized by the Board ; • have completed 24 semester (36 quarter) hours of business courses other than accounting, including at least 3 semester (4.5 quarter) hours in commercial law as it affects accountancy; and • have completed 24 semester (36 quarter) hours of specific accounting at the undergraduate level OR 21 semester (31.5 quarter) hours on the graduate level in courses distributed as follows: For undergraduate student, the requiring courses are 6 hours Intermediate Accounting, 3 hours Cost Accounting, 3 hours Income Tax Accounting, 3 hours Auditing, 9 hours Accounting Elective. For graduate student, the requiring course are 3 hours Intermediate Accounting, 3 hours Cost Accounting, 3 hours Income Tax Accounting, 3 hours Auditing, 9 hours Accounting Elective. • foreign education documents must be evaluated through FACSUSA.com. b. List the work experience requirements in your state. Is experience in industry as an accountant or an internal auditor sufficient to be eligible to become...
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...corresponding recommendations. This study was taken with the general objective of identifying the major factors that affect the mastery skills of the fourth year, Bachelor of Science in Accountancy students in Jose Rizal University for the School Year, 2011-2012. Specifically, this study sought to answer the following questions: 1. How does cheating affect the mastery skills of the senior students? 2. Why do personal problems affect the mastery skills of the senior students? 3. What are the implications of the absence of comprehensive examination in the training of the students for the different accounting subjects? 4. Why does the University’s BSA Program System affect the learning habits of their students? 5. Why does the natural complexity of the accounting course, combined with poor study habits, pose a problem towards the mastery of the students? Summary of Findings: 1. Effect of Cheating on the mastery skills of the College students: 2.1. Nine out of ten college students admit to copying someone else's homework; two-thirds say they have cheated on exams 2.2. 75%-98% percent of college students surveyed each year admit to cheating at some time in their academic careers 2.3. The college students who are most likely to cheat are business majors 2. Effect of Personal problems to the mastery skills of the College students: It has been studied that personal problems play a major impact on a student’s academic life. Those...
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...Paul K. Chaney, John Wiley & Sons, Inc., 2012. Intermediate Accounting any current text. Green Scantrons to be used for taking examinations. OPTIONAL TEXTS Objective Questions and Explanations. Gleim and Collins, Gleim Publications, Inc., Most Recent Edition. (This text will also be beneficial for preparing for the CPA examination.) COURSE REQUIREMENTS: Exercises and problems assigned for each chapter are recommended for you to do on your own. Additional problems will be done in class to illustrate the concepts. The first two exams are cumulative due to the nature of the material covered and the content of the course and thus will count 50% of your grade, and a third (final comprehensive) exam will count 35%. Special assignments, including the FARS project, will count 15%. Exam coverage is as follows: Exam 1 Chapters 1-5 Exam 2 Chapters 6,7,8, 9 (pages 508-522) Exam 3 Chapters 11,12,13,15,16 and selected information from Exams 1 and 2 GRADES Your grade will be determined in the following manner: FARS Project 5% Special Assignments 10% Mid-term Exam 1 25% Mid-term Exam 2 25% Final (Comprehensive) 35% Total 100% Final grades will be based on a University approved...
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...Global Strategy and Leadership is the capstone segment for the CPA Program professional level. This segment consolidates your learning in the other three compulsory segments, Ethics and Governance, Financial Reporting and Strategic Management Accounting. In the increasingly complex business environment in which organisations operate, characterised by change, uncertainty and escalating competition, the disciplines of strategy and leadership have become critical to successful organisational performance. The aim of this segment is to link the knowledge of management and financial accounting to the concepts of strategy and leadership. Accountants use a variety of technical information to make decisions for the future of the business within an ethical framework of operation. This segment shows that accounting information, ethics, strategy and leadership are applicable to accountants working throughout the world in diverse organisations. As discussed in Ethics and Governance, accounting as a profession is respected internationally and CPAs are employed worldwide. The segment materials address the needs of candidates operating in different international markets in varying roles. This segment builds upon knowledge gained in the other three compulsory segments of the professional level. The concepts of professional ethics and good governance underpin the segment. Candidates who have previously undertaken the Advanced Audit and Assurance or Strategic Management Accounting segments will...
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...Gino Corasaniti Ethics Paper ACC223 11/20/11 In the accounting community, the AICPA is the certification issuing body for the CPA, and the IMA is the certification issuing body for the CMA. The AICPA stands for the “American Institute of CPA’s”, while IMA stands for the “Institute of Management Accountants”. The AICPA has six major roles in which it contributes to the well-being of accountants (Melancon, 2002). The first role is to obtain a larger involvement from the user’s of financial statements in establishing auditing standards. A second role of the AICPA is to serve as a liaison between market institutions and corporations. Also the AICPA promotes research for investors into topics that can help these individuals protect themselves against fraud. One group that does this is the Association of Certified Fraud Examiners. A fourth role is the continuous change in education rules for CPA’s. Currently, the AICPA is trying to require more credits on fraud detection. They also try and help develop educational and training materials in include in college courses. A fifth role of the AICPA is to work with other standard-setters in increasing the transparency of financial and business reporting. This is very beneficial to the community because it allows investors to be more informed before they invest in a company. It allows for safer investments. The last role of the AICPA is to promote strong corporate governance and internal controls. The IMA is also highly involved in...
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