Anyone pursuing CPA?

Discussion in 'Education & Personal Growth' started by neerrali, Apr 23, 2010.

  1. neerrali

    neerrali Senior IL'ite

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    Hello All,

    Im planning to pursue CPA and need help from anyone who is already doing so or is certified. I want to know if this is a value addition to someone from a finance background and need tips for studying

    Look forward to getting some info.
     
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  2. Yashikushi

    Yashikushi Moderator IL Hall of Fame

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    Neerali

    have your pursued in your career plans?
    Please read the info below

    The minimum educational requirement to sit for the U.S. CPA exam is generally a four year university degree. Most states require 150 university semester hours before you can sit for the CPA exam.

    You can not take the U.S. CPA examination outside the U.S. It is offered only in the U.S.A.

    Once you have passed the exam in one state you can transfer to another state. You will have to meet the education and experience requirements of the new state, but normally you are given credit for having already passed the CPA exam.


    CHARTERED ACCOUNTANTS

    The CPA certificate is not directly comparable to the articles of a chartered accountant. A chartered accountant who wishes to have a U.S. CPA certificate must take the exam to become a U.S. CPA. The only exception is a special examination for members of the Canadian Institute of Chartered Accountants (CICA), the Institute of Chartered Accountants in Australia (ICAA), CPA Australia, the Institute of Chartered Accountants in Ireland (ICAI) and the Instituto Mexicano De Contadores Publicos (IMCP). The National Association of State Boards of Accountancy (NASBA) web site has information on the IQEX examination. (On that page click on "IQEX" in the tiny letters across the top of the page.)


    RESIDENCY AND CITIZENSHIP

    Some states do not require that you be a resident of the state or a U.S. citizen to earn a CPA certificate issued by that state. The last time we checked, these states were:

    * Alaska
    * California
    * Colorado
    * Connecticut
    * Delaware
    * Florida
    * Georgia
    * Hawaii
    * Illinois
    * Kentucky
    * Maryland
    * Massachusetts
    * Montana
    * Nevada
    * New Hampshire
    * New Jersey
    * New York
    * Oregon
    * South Carolina
    * South Dakota
    * Texas
    * Utah
    * Virginia
    * Washington
    * Wisconsin


    EXPERIENCE

    In some states you can become a CPA with NO employment time if you have a master's degree. The last time we checked, these states were Colorado, Florida, Iowa, Maryland, North Dakota, Oklahoma, and Puerto Rico. Some states only credit time worked for a public accounting firm. Other states allow you to satisfy the experience requirement with employment by a corporation or government agency.

    Some states will grant a CPA certificate with no experience, but require evidence of experience before a "permit to practice" is issued. If you just want a U.S. CPA certificate for your resume, you might investigate these states. The last time we checked, these states were:

    * Alabama
    * Arkansas
    * Delaware
    * District of Columbia
    * Florida
    * Guam
    * Illinois
    * Iowa
    * Kansas
    * Louisiana
    * Maryland
    * Minnesota
    * Mississippi
    * Missouri
    * Montana
    * Nebraska
    * North Dakota
    * Oklahoma
    * Puerto Rico
    * South Dakota
    * Virginia
    * Washington
    * West Virginia
    * Wyoming...... SOURCE: studyplaces.com

    Thanks
     
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  3. Maye

    Maye New IL'ite

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    Hello,

    I am looking for a CPA study partner in the BOSTON, MA and sorrounding area. I live in Haverhill MA.
     

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