CPA Certified Public Accountant
Handbook
CPA Certified Public Accountant
What is a CPA
A CPA is a certified public accountant who is licensed by a state board of
accountancy. To earn the prestige associated with the CPA license, you are
required to demonstrate knowledge and competence by meeting high educational
standards, passing the CPA exam and completing a specific amount of general
accounting experience. The two most important aspects of becoming a CPA are
passing the Uniform CPA Exam and meeting licensing requirements in the state
where you want to practice.
Becoming a CPA
3 E’s are required for licensure
•Have a bachelor's degree or higher
•Requirements vary by state/jurisdiction Education
•Pass all 4 exams
•Eligibility to sit for exam depends on state Exam
•Many states require the candidate to have 1 – 2 years experience under a CPA Experience
Prestige and Respect
Career Development
Career Security
Money and Benefits
Job Satisfaction and Variety
Why get licensed?
The CPA license is a symbol to the public that an accountant has mastered the vital elements of the profession.
A CPA license is a high standard recognized by employers and their clients, governments and the public as an assurance of skill, dedication and quality. In today’s business world, a CPA represents a trusted voice in business and financial consulting and is a sought-after commodity among all walks of professional organizations.
The AICPA does not license CPAs. The licensing authority and requirements for
CPAs falls under the jurisdiction of the Board of Accountancy for the state,
district, or country in which a CPA practices.
Five popular reasons for earning a CPA license
CPA Government
NGO Public/Privat
Company
Accounting Firms
Higher Salary
Increase
Confidence
Recognition in an Elite
group
CPA IT
Financial Planning
Tax
Accounting
Estate Planning
Management
Auditing
Why and Who Should Apply for the CPA
The CPA examination is the most established and recognized professional
accounting designation. The benefits include:
The opportunities available to a CPA are positions in:
As a CPA, you could specialize in:
Enrolment in CPA
Pay Application and Examination Fees
Taking the examination involves two categories of required fees that are to be
paid either to your board of accountancy or to NASBA. The required sections are
as follows:
o Application Fee: This fee is established by and paid to your board of
accountancy or its designated agent.
o Examination Fee: The amount of this fee depends on the section of the
examination and is paid either to your board of accountancy, its designated
agent or to NASBA.
o Examination fees are established by boards of accountancy, NASBA, the
AICPA and Prometric.
o Note: You must pay additional fees for each examination section you plan to
take internationally upon registration, regardless of which board of
accountancy has declared you eligible for the examination.
• International Administration of the CPA
Exam
The CPA Examination application process is basically the same for U.S. and
international candidates. In order to qualify to take the CPA Examination outside
the U.S., candidates will have to establish their eligibility through a State Board
participating in the International CPA Examination Administration program.
Prospective candidates must select the participating U.S. jurisdiction to which
they will apply, contact the Board of Accountancy in that jurisdiction to obtain
application materials, submit completed applications and required fees as-
instructed, and once deemed qualified, register for the examination. After
receiving the Notice to Schedule, you may then register to take the examination
in an international location through a participating state board.
FAR: Financial Accounting and Reporting
REG: Regulations
AUD: Auditing and Attestation
BEC: Business Enviroment and Concepts
The CPA Curriculum
• Examination Length and Formats
*Passing score is 75 on a 0-99 scale for each exam.
Join the CPA Courses Now at
Milestones
Course Schedule: Once a week from 6:00 PM till 9:00 PM
Course Location: Milestones Head Office, Antelias
Course Duration: 30-32 weeks
Exam Location: Amideast, Beirut, Down Town
Testing Windows:
1. January 1 – February 28 (29)
2. April 1 – May 31
3. July 1 – August 31
4. October 1 – November 30
You can take any or all sections of the examination during any testing
window and in any order. However, you may not take the same section
more than once during any one testing window.
Gleim CPA Materials
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Rather than extra work, Gleim products are perceived as extra help. Gleim
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questions incorrectly -- Gleim helps you to avoid making
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Gleim Works!
Visit: www.milestones-mena.com or mail us on: [email protected]
Call us: 00961 4 402569/70 00961 70 124567
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