3 ms·

> While in the US, to become a CPA, you would need masters level education in most cases to even appear for the CPA exams. Source? This sounds ludicrous.

by pcr0 11y ago

huac 11y ago
http://www.ais-cpa.com/outside.html http://www.ais-cpa.com/outside.html "Most states have adopted a 150 university semester hour educational requirement. A few states require only a four year university degree." Depending on how your hours are calculated, I think 150 might require a year of grad school generally. My school does 3 hours of class per week x 5 classes per semester x 8 semesters = 120 hours. On the other extreme, the CFA institute requires 4 years of experience to sit the CFA exams.
- knight17 11y ago
  I just checked the CFA Institute website. They say you must have a "bachelor's (or equivalent) degree or be in the final year" of one OR four year work experience (in any field) OR combined education + work experience of four years. I think what you are saying is true for using the designation (becoming a chartered holder)--you need to have the practical experience of four years. CFA Enrolment eligibility : https://www.cfainstitute.org/programs/cfaprogram/register/Pages/index.aspx https://www.cfainstitute.org/programs/cfaprogram/register/Pa... Experience required : https://www.cfainstitute.org/community/membership/process/Pages/work_experience.aspx https://www.cfainstitute.org/community/membership/process/Pa...
knight17 11y ago
To become a CPA the candidate needs 150 credit hour education. This can be achieved in two ways: 1. Get a masters degree in accounting 2. Bachelor degree + other courses for credit from online diploma mills (University of Phoenix) or similar accredited educational institutions (I think community colleges would work too). Both are complete waste of time and money. In the UK you can leave school, pass 14 or 15 exams costing about a £100 pounds + institute membership fee of £100/year and obtain the experience of three years then you are qualified to obtain a license to practice. If you are with a accountancy firm, they will sponsor all the main costs and provide you with study leave for exams. I just read another article today [Tulip] that says the same thing about US medical education where one can study for becoming doctor only after completing an undergraduate degree which might have no relation to medicine. Author compares that with Ireland where one studies for 5 years after leaving school instead of the 8 that the US doctors need to spend. I think it is similar case for becoming a lawyer too: four year degree then JD while in other countries they go and obtain an LLB (3 years) and then appear for the bar exams. CPA eligibility New York : http://nasba.org/exams/cpaexam/newyork/ http://nasba.org/exams/cpaexam/newyork/ California : http://www.dca.ca.gov/cba/applicants/tip_sheet.pdf http://www.dca.ca.gov/cba/applicants/tip_sheet.pdf Other states : http://nasba.org/exams/cpaexam/ http://nasba.org/exams/cpaexam/ Against [Tulip] subsidies : http://slatestarcodex.com/2015/06/06/against-tulip-subsidies/ http://slatestarcodex.com/2015/06/06/against-tulip-subsidies...

> While in the US, to become a CPA, you would need masters level education in most cases to even appear for the CPA exams. Source? This sounds ludicrous.

by pcr0 11y ago

> While in the US, to become a CPA, you would need masters level education in most cases to even appear for the CPA exams. Source? This sounds ludicrous.

huac 11y ago

http://www.ais-cpa.com/outside.html http://www.ais-cpa.com/outside.html "Most states have adopted a 150 university semester hour educational requirement. A few states require only a four year university degree." Depending on how your hours are calculated, I think 150 might require a year of grad school generally. My school does 3 hours of class per week x 5 classes per semester x 8 semesters = 120 hours. On the other extreme, the CFA institute requires 4 years of experience to sit the CFA exams.

knight17 11y ago
I just checked the CFA Institute website. They say you must have a "bachelor's (or equivalent) degree or be in the final year" of one OR four year work experience (in any field) OR combined education + work experience of four years. I think what you are saying is true for using the designation (becoming a chartered holder)--you need to have the practical experience of four years. CFA Enrolment eligibility : https://www.cfainstitute.org/programs/cfaprogram/register/Pages/index.aspx https://www.cfainstitute.org/programs/cfaprogram/register/Pa... Experience required : https://www.cfainstitute.org/community/membership/process/Pages/work_experience.aspx https://www.cfainstitute.org/community/membership/process/Pa...

knight17 11y ago

To become a CPA the candidate needs 150 credit hour education. This can be achieved in two ways: 1. Get a masters degree in accounting 2. Bachelor degree + other courses for credit from online diploma mills (University of Phoenix) or similar accredited educational institutions (I think community colleges would work too). Both are complete waste of time and money. In the UK you can leave school, pass 14 or 15 exams costing about a £100 pounds + institute membership fee of £100/year and obtain the experience of three years then you are qualified to obtain a license to practice. If you are with a accountancy firm, they will sponsor all the main costs and provide you with study leave for exams. I just read another article today [Tulip] that says the same thing about US medical education where one can study for becoming doctor only after completing an undergraduate degree which might have no relation to medicine. Author compares that with Ireland where one studies for 5 years after leaving school instead of the 8 that the US doctors need to spend. I think it is similar case for becoming a lawyer too: four year degree then JD while in other countries they go and obtain an LLB (3 years) and then appear for the bar exams. CPA eligibility New York : http://nasba.org/exams/cpaexam/newyork/ http://nasba.org/exams/cpaexam/newyork/ California : http://www.dca.ca.gov/cba/applicants/tip_sheet.pdf http://www.dca.ca.gov/cba/applicants/tip_sheet.pdf Other states : http://nasba.org/exams/cpaexam/ http://nasba.org/exams/cpaexam/ Against [Tulip] subsidies : http://slatestarcodex.com/2015/06/06/against-tulip-subsidies/ http://slatestarcodex.com/2015/06/06/against-tulip-subsidies...