![]() ![]() The minimum age requirements range from no requirements to 18 or 21 (for Missouri and New York). For example, Illinois requires 30 hours in subjects like financial accounting, auditing, taxes, and managerial to take the test. Some states have accounting-specific course requirements. All states require that you work with a broker for a minimum of a year before becoming licensed. ![]() Still, you’ll only get a CPA certification once you hit 150 credit hours, even if you pass the test. Some states allow you to take the test with only 120 credit hours. For this reason, most test-takers will get a master’s, but it isn’t required. Education RequirementsĪll jurisdictions require test takers to have a bachelor’s degree and a minimum of 150 credit hours, 30 credit hours more than a bachelor’s. Each of the 55 license-grading jurisdictions (including Guam, the Mariana Islands, Puerto Rico, Washington, DC, and the Virgin Islands) may alter when you can take the exam based on age or education. The CPA exam requirements don’t change significantly from state to state. It was developed by the American Institute of Certified Public Accountants. The uniform CPA exam is a credentialing exam for professionals who want to become Certified Public Accountants. Here are some tips, tricks, and advice you should use to pass the test. You’ll need a quality CPA course, a consistent study schedule, and a clear head to tackle the exam for the first time. To top it off, students only have 18-months to pass all four sections. It’s estimated that the pass rate for the 2021 CPA exam was as low as 47% or as high as 62%, but why is that? To pass your CPA exam, you have to be proficient and knowledgeable of accounting materials. It isn’t because accountants aren’t interested in becoming certified quite the opposite. By Kenneth Boyd Published on April 18, 2022Ĭertified Public Accountants (CPA) are sought after in the finance industry, but fewer than 50% of US accountants can actually call themselves CPA.
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