Becoming a CPA with a Bachelor’s Degree in Business

Embarking on a path to become a Certified Public Accountant (CPA) is an ambitious yet rewarding endeavor, especially if you have already completed a bachelor’s degree in business. This comprehensive guide outlines the necessary steps to pursue this professional certification, ensuring you are well-prepared for the journey ahead.

Understanding the Education Requirements

1. Credit Hours

Most states require 150 semester hours of education to sit for the CPA exam. Given that a typical bachelor’s degree is 120 hours, it is often necessary to complete additional coursework to meet this requirement. Consider pursuing a master’s degree in accounting or a related field, or take additional undergraduate courses to bridge the gap.

2. Accounting Courses

Ensure you have completed the required accounting courses, including subjects like auditing, taxation, financial accounting, and managerial accounting. These foundational courses are essential for building a strong base in the accounting practice.

Checking Your State’s Requirements

Each state has specific requirements for CPA licensure, including educational qualifications, work experience, and the CPA exam. It is crucial to visit your state’s Board of Accountancy website for detailed and up-to-date information on these requirements.

Completing Additional Education

If you need more credits, consider pursuing a master’s degree in accounting or a related field. Alternatively, you can take additional undergraduate courses to meet the 150-hour requirement. These additional education pathways can also enhance your knowledge and skills, making you a more competitive candidate.

Gaining Relevant Work Experience

Gaining relevant work experience under the supervision of a licensed CPA is essential. This experience can often be obtained through internships or entry-level positions in accounting firms or related industries. The practical application of classroom knowledge significantly enhances your understanding and skills.

Passing the CPA Exam

The CPA exam consists of four sections:

You can take these sections in any order, but you must pass all four within an 18-month period. This rigorous exam tests your knowledge and preparedness to practice as a CPA.

Applying for Your CPA License

Once you have passed the CPA exam and completed the required work experience, you can apply for your CPA license through your state’s Board of Accountancy. The process typically involves submitting an application and paying any associated fees.

Maintaining Your CPA License

Once you become a CPA, you will need to meet continuing education requirements to maintain your license. This often includes completing a certain number of hours of professional education every year or every two years. These requirements ensure that you stay updated with the latest developments in the field and maintain a high standard of practice.

Additional Tips

Study Resources

Consider using CPA review courses to prepare for the exam. These courses offer structured study plans, practice exams, and support to help you succeed. Online platforms and study materials are available to help you prepare effectively.

Networking

Join professional organizations such as the American Institute of CPAs (AICPA). These organizations provide networking opportunities, access to resources, and a community of professionals who can offer guidance and support. By building a network of contacts, you can stay informed about industry trends and best practices.

By following these steps, you can successfully become a CPA with your business degree as a foundation. With dedication, hard work, and the right resources, you can achieve your professional goals and contribute to the field of public accounting.