Does the CPA Exam process make you feel overwhelmed and confused? While a 16-hour test may not be the most appealing step in reaching your career goal, the CPA licensure will open a myriad of career opportunities. If you’re just starting out, or getting ready to take your exam, here is what you need to know to prepare and pass your CPA Exam.
What Is the CPA Exam?
In case you didn’t get your fill of tests in your college accounting and finance courses, this is your time to shine! The CPA Exam is a 16-hour, four-section licensing exam required in all jurisdictions in order to qualify for CPA licensure.
Research and Complete Your State’s Requirements
Eligibility is determined by the state, as each of the 55 jurisdictions operates through its own Board of Accountancy. To find out the requirements specific to your location, you can visit a variety of sites such as the NASBA Website, or a variety of exam preparation websites.
Study for the Exam
With such a large amount of material to digest, it’s worth buying a CPA Exam prep course, like Roger or Becker, to help guide your study habits. A prep course can make studying less daunting by breaking down the material into chapters with targeted questions. They also offer a variety of mediums to accommodate various learning styles (chat, online tutoring, or in-person lectures.).
The exam is split up into four sections: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. The exam is taken in four separate sittings, and all four sections must be passed within an 18-month period. Once you’ve applied, paid your fees, and taken your preparation courses, you’re ready to sit for the CPA Exam. In order to pass, you’ll need a 75 or above, however, these scores are scaled across all test-takers to avoid outliers.
Finally, the studying is done and you’re ready to move on to applying for your CPA License. There are a few requirements that go into licensing eligibility across all jurisdictions, though each will have its own specific requirements, so it’s a good idea to keep an eye on the Board of Accountancy for your state for updates. In order to be eligible for CPA licensing, you must have a minimum of 150 credit hours concentrating in Accounting or a closely related field.
We’re Here to Help
For more information on the CPA Exam hosted by the AICPA organization, you can visit the website here. Partner with the American Association of Finance and Accounting with over 50 affiliates in the United States and Canada. We believe in networking to provide a better recruiting experience. Our affiliates focus on relationships over placements and can help find your next candidate or career. By partnering with AAFA, we expand our network and collaborate with forward-thinking accounting and finance companies to build and maintain talented teams. Visit our website to learn more about what the professionals at the American Association for Accounting and Finance can do for your future career.