Steps To Becoming A Cpa

Deciding to become a Certified Public Accountant (CPA) is a huge step for college graduates looking to step into the accounting world. Being able to put on your resume that you are a Certified Public Accountant, will make your resume stand out above all of the others. Being a recent graduate, having CPA will give you credibility and will act as a “stamp of expertise” to the public eyes. Not only will being a CPA earn you more money, it will improve your credibility, as well as reflect your commitment to the accounting field.

 

Having CPA certification provides substantial financial awards for accountants. Accountants with this certification will be able to establish a standard of living to support themselves and their family. According to Robert Half International, the CPA can, on average, increase a candidates base salary by 10 percent. A lot of small, medium, and large public accounting firms will not promote their auditors past a certain level unless they have passed the CPA exam.

 

To obtain this certification there are six main steps that you have to follow. The first thing you will have to do is apply to take the exam. This step involves deciding what state you want to be certified in and checking to make sure you fit all of their qualifications, requesting an application, completing it, and then submitting it. This process can take from 6 weeks up to 8 weeks. The second step after your application has been accepted is to pay the examination fees. Fees vary for each state as well as qualifications . In Pennsylvania, there is a $95 application fee. The Auditing (AUD) section fee is $230.55, Business Environment (BEC) is $180.95, Financial Accounting and Reporting (FAR) is $218.15, and Regulation is $193.35. If you are taking an exam over you are obligated to the pay the application fee of $95 again whether you are taking one section over or all four. Third, after you have paid the CPA fees you will receive your notice to schedule in the mail.

 

The fourth step in obtaining your CPA is the most crucial. STUDY, STUDY and STUDY some more. The goal is to pass all four parts of the exam on the first try. Although this does not happen for most people, retaking the exam over and over again can become very costly. There are many different ways you can study for the CPA exam. The most talked about is the Becker CPA Review. Becker offers on line classes, live classes, cram sessions, and self study cd’s to work at your own pace. There are many other institutes that offer CPA review classes as well as many study books.

 

After you feel you are fully prepared to take on the CPA exam, the fifth step is then to schedule each section. All exams need to be scheduled at least 6 days in advance. It is advised that candidates schedule their exam at least 45 days in advance. The sixth step is to take the exams. Lastly you will sit in anticipation awaiting the arrival of your scores.

 

Overall, if you are extremely interested and committed to the accounting field, you should try and become a Certified Public Accountant. Not only will this title increase your salary, but it will also help you shine above other candidates when applying for jobs as well as provide a secure standard of living.

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