2VU0609

All of the accounting programs that I'm familiar with don't introduce the principles/introductory courses in accounting until the sophomore year; therefore, it would be extremely unusual to get an internship after your freshman year.

2VU0609

A new website devoted to providing career information on accounting for students:
Start Here. Go Places.

Fiyero

I have an accounting question. Each state has its own number of hours of accounting classes needed to become a CPA. When you move from one state to another after passing the CPA, do you need to take more classes if you move to a state with a higher number required? Or is it after you pass the CPA, you are qualified in any state?

The reason I ask is that I would like to move to Chicago for work. Illinois only requires 24 hours of accounting as part of the 150 total. If I later decide to move back to Texas where I am from, the requirement is 30 hours of accounting. I don't want to have to go back to school but I definitely want geographic mobility.

2VU0609

From the Texas State Board of Accountancy's website:
If you are a CPA and were not certified in Texas, then you may apply for reciprocity in Texas. You will need to meet the same requirements as a Texas candidate, be in good standing in your original state of certification, and currently hold a license or permit to practice public accountancy in a state other than Texas. .

taxguy

Generally, once you get your CPA license, you can get approved to be licensed in another state by "endorsement,"which basically means reciprocity.

veryspoiledgirl

Does the school have to be AACSB accredited? I know Golden Gate University is not and the Big 4 recruit there.

I will have my bachelor's in August 2008 where I majored in psychology and sociology. I've decided to go towards a business career, not necessarily an accountant. I figured I might as well major in something that interests me and get my accounting courses later, since every state requires 150 hours now. If I do decide to become a CPA, which do you think is better? Just go to a 4 year university in the area I would like to work and take the required courses? Or get a master's in accounting? Taking the courses as a postbac is cheaper, I would not have to take the GMAT, get letters of recommendation, etc. Or maybe a graduate certificate?

What do firms think of online courses?

Thanks for your time.

radronOmega

RESOURCES????

Does anyone have any resources on the effects of different types of
recognitions of cash paid and expenses and what effects it has on
accounts? I hear that's a big part of A-100 (at least in my University)
and i'm wondering if there are any online worksheets or whatnot that could
cover that. Thanks!

taxguy

No , a school does NOT have to be AACSB accredited. However, attending an AACSB accredited school will help greatly if you want to get into a gradschool or transfer credits to there.

My son had a 3.15 overall GPA and majored in accounting. He applied to grad school , and wasn't given much chance for admission UNTIL they found out that he attended an AACSB accredited school. Everything changed after that , and he got admitted.

veryspoiledgirl

What about my other two questions? Thanks.

ferryboat10

radron, there's a reason why majors have fundamentals classes such as Accounting 101. They're designed to drill it in your brain, love it or hate it. No amount of summer studying is going to make it stick any better, but it could make you hate it even more.

msl2008

So with all this talk about the big 4 and public accounting, what happens to people who start out in private accounting and don't do audits. To get your CPA, I read that you need 75% of your time devoted to audits for 2 years of work experience. So does this mean if you're doing A/P, A/R, Cost Accounting, Tax that you'll never get your CPA title because you won't be doing audits? And as for the 5 years 100k thing, I'm really having a hard time believing that. I have lots of friends in accounting with CPAs who have worked for 5 years and they still don't get paid 100k in the big 4. The people who left the big 4 to go work for private corporations get about 80-90 while the people who stayed in big 4 who are now seniors only make like 70. I have heard all about how you're supposed to get to senior in 2 years, manager in 5, sr manager in 8-10 and partner in 10-15 but I think that's just a prospective map and not many people reach it. Any thoughts on this?

kmzizzle

you are very right msl

ferryboat10

What state requires 75% of a CPA's time be spent auditing? I know you need a 75% on the Auditing section of the CPA exam.
In Maryland, there's 2000 hour requirement in "accounting-related services" not specific to auditing.

msl2008

Requirements for Becoming a CPA in New York State

In New York you need at least a year of experience in auditing it seems. Well, I just read the California laws and if you have 150 hours you only need 1 year of general accounting experience so that's good for me. However, you still need to be signed off by an active CPA. Therefore, what if you're not working under an active CPA. Then do you just have to wait till you do to be certified? That's my understanding of it.

2VU0609

While the CPA exam is uniform in that it is created by the AICPA, each state board of accountancy establishes requirements for candidates to be eligible to sit for the exam and for experience prior to liscensing. New York has always had one of the strictest experience requirements.