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PhaiZe
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| Posted: December 29 2008 at 9:29am | IP Logged
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There is something that i can't understand about the CPA certificate. Currently, there are strict jurisdiction on having a CPA license. Most of the states have a "Need 150 hours to be granted license but do not need 150 to sit for exam" policy.
So say for instance, i took the CPA exam this year and passed all four parts but i only have 120 semester hours, what happens?
Do i need to go back to university and finish 30 extra credits to hold a CPA certificate/license or is just passing the exam is enough baring in mind that i'm a foreign person who is currently an accountant employee?
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007CPA
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| Posted: December 30 2008 at 2:12pm | IP Logged
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After you complete your CPA exam, you will apply to obtain your actual license. This will be after you have completed the required attestation hours and 150 units.
So you can sit and take the exam before completing your 150 units but you will not be an actual licensed CPA until you complete this requirement.
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Bubzeebub192
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| Posted: January 07 2009 at 10:56pm | IP Logged
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I was wondering this also. What does a bachelor's degree equate to...120 hours? Also, what are most of you doing if you need to make up additional hours for the 150 requirement? Doing online courses? I don't think this topic is discussed enough. Can anyone share their stories on this?
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BrooklynBound
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| Posted: January 08 2009 at 11:38pm | IP Logged
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Bubzeebub192 wrote:
| I was wondering this also. What does a bachelor's degree equate to...120 hours? Also, what are most of you doing if you need to make up additional hours for the 150 requirement? Doing online courses? I don't think this topic is discussed enough. Can anyone share their stories on this? |
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Why would you think 120 credits = degree?
A degree is a degree -- whatever a college or university requires.
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horseman
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| Posted: January 10 2009 at 12:15pm | IP Logged
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I'm looking for an interesting day that is lucrative. I want independence, someday, to become a partner in a tax firm. I want to work all year 'round. I want to be able to work the rest of my life, past 65, 75, or whenever.
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mikesgirl
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| Posted: January 12 2009 at 2:09pm | IP Logged
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Bubzeebub192 wrote:
| I was wondering this also. What does a bachelor's degree equate to...120 hours? Also, what are most of you doing if you need to make up additional hours for the 150 requirement? Doing online courses? I don't think this topic is discussed enough. Can anyone share their stories on this? |
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Each state likely has their own requirements on this, but generally I believe 120 hours equates to a Bachelors degree and 150 to a Bachelors plus Masters. Personally, I earned 143 credits for my Bachelors, but simply adding 7 credits through online classes, etc. wouldn't have qualified me to sit for the exam in my state. I had to complete a Masters degree not only to get to the 150 hours, but also to satisfy the requirements for numbers and types of accounting classes (Auditing, Tax, Ethics, etc.).
Hope this helps.
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arsan
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| Posted: January 12 2009 at 4:01pm | IP Logged
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i passed cpa exams from delaware board and did not hold 150 credit hours when i took the exams. not yet licensed. and no public a/c experience. delaware requires 4 years of work experience, verified by a cpa, which may not be possible for me, in near future.
is there any way to get the license , if i get my 150 credit hours now, that would reduce the work experience requirement. if so, which state allows it ? any response would be highly appreciated. bcoz i'd posted this qn. couple of times, here and under different topics. but no replies so far.
Edited by arsan on January 12 2009 at 4:07pm
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Bubzeebub192
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| Posted: January 12 2009 at 6:35pm | IP Logged
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I think if you started taking the exams before Jan. 1, 2006 and then pass, Delaware will allow you to get a certificate (but not a license).
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arsan
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| Posted: January 13 2009 at 10:29am | IP Logged
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yes, it is true that Delaware Board issued me a certificate after having passed the cpa exams. so, do you mean to say, 150 credit hours required to get certificatae and work experience is the only way to get licensed from Delaware Board.
Edited by arsan on January 13 2009 at 10:34am
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Topic: Information on CPA Certificate
