CPA Exam Requirements
Requirements To Take CPA Exam
Before you can be eligible to take CPA exam, there are some CPA exam requirements you must meet. Although the requirements for CPA exam vary from state to state, they typically include the following:
CPA Education Requirements – Typically you’ll need as a minimum a bachelor’s degree that includes at least 24 semester hours’ worth of accounting courses & 24 semester hours of business or management courses. For most states, you’ll also need to have earned a least 150 college credits.
Citizenship & Age Requirements – If you’ll be practicing in the United States, most states do require CPA exam candidates to be US citizens. There is a minimum age requirement for most states also.
CPA Exam Requirements
After you meet the CPA exam eligibility requirements above, you can begin to prepare for the CPA exam. The CPA exam is made and graded by the American Institute of Certified Public Accountants or AICPA. In order to pass the exam, you will need to pass every section of it with a grade of at least 75 for each of the 4 parts. These parts are: Auditing and Attestation – AUD, Financial Accounting and Reporting – FAR, Regulations – REG, as well as Business Environment and Concepts – BEC. The exam features different formats of questions throughout. The BEC part only has multiple choice questions. The remaining three sections of the exam have both multiple choice questions as well as simulations based on some real life scenarios.
Another important CPA exam requirement is that you only get 18 months between the time that you passed your first and last section. So basically, the 18 months will start from the day that you pass the first section. If you do not pass the remaining three within the time frame, the exam will expire on you and you will need to start over again.
It is a well known fact that the CPA exam is one which is not easy for candidates to pass. The average passing rate hovers at around 50% of candidates who have taken the exam. For this reason, it is important that you get a good CPA review course to increase your chances of successfully passing the exam. You can find information on different CPA review courses at www.CPAReviewCourse.org.