Everything you wanted to know or should know about accounting

<p>miguy22,</p>

<p>I’ve taken the intermediate accounting series, 2 audit courses, individual and corporate tax, and managerial. I just need one more accounting related course to get my 24 units in accounting, which I’ll get from the classes I listed above. Unfortunately, those classes (due to CA budget cuts) were cut and no longer offered at my university which is why I’m taking the community college route to just get exposure in those areas.</p>

<p>I just graduated this month from an accredited univ and I start full-time in July. But in the meantime, I anticipate taking the above courses in addition to taking Becker to prepare for the CPA. Since these classes I’m taking are at a quarter based community college, I’ll have my accounting units to sit for the exam fulfilled by the end of March.</p>

<p>So yeah, I do not yet have the core to even start sitting, but technically, I’d be a normal 4th year senior up till June if I didn’t graduate a couple of quarters early so I’m still in good pace.</p>

<p>Hey I have a quick question. I am currently a Sophomore at UCF and an accounting major. I have been debating for some time if I should minor in Finance along with my major. My goal is to get my bachelors at UCF and then get my Masters in Accountancy somewhere but don’t where just yet. Then maybe become a CPA. Do you guys think its worth it to minor in Finance knowing what I plan on doing in the future?</p>

<p>PS. If i minor in finance, that means more classes and more money out of my pocket.</p>

<p>Do you need a masters degree to obtain your CPA?
I have a BA in English, and can either go back for a BS or MS in accounting.
Either way, I would have over 150 hours. The state is North Carolina.
Thanks!</p>

<p>You don’t need a Masters.</p>

<p>I had a question someone could answer from experience/opinion. In the Orange County area, how do the Big 4 consulting/advisory service lines stack up against each other? I’ve gotten to some conclusions, or maybe misconceptions, that Deloitte’s advisory isn’t regarded as highly as the others in OC, and that KPMG generally is given high esteem almost everywhere.</p>

<p>Thanks!</p>

<p>how important is your GPA if you don’t plan on interning at the Big4? Does industry and local firms look at your GPA too?</p>

<p>Important. Yes and Yes.</p>

<p>doraem0n, </p>

<p>Smaller, local/regional firms are still trying to get the best of the best. It still matters big time.</p>

<p>My plan after graduation is to straight way get my CPA and land the job in the BIG 4. However, I realize that most CPA require 150 hours while 4 years in college I cannot get enough hours to sit for the CPA exam. However, I could still sit for the NY CPA. Hence, my question is that with 120 hours, can I get my NY CPA license. Can I use my NY CPA to practice in other states, particularly Cali, Illinois, North Carolina and Texas? Thanks guys!</p>

<p>^You can only sit for the exam, but you won’t get a license with 120 credits. You still need 1 year of working experience under an active CPA, and 150 hours of education. After you do that, you will be able to transfer your license to most of the states.</p>

<p>Since my post in its own thread has 130 views and no responses, I thought I would try putting it in here:</p>

<p>I am looking at getting a second Masters. I think I want to get into accounting but I am a non traditional applicant in every sense of the word. I have 12 years Military experience, an Undergrad in Crim Justice, and a MBA from Texas A&M-Commerce already. I am looking at the programs at IUPUI and Fairleigh Dickinson in NJ. Does anyone have any advice on why this is or isnt a good idea at my age/no accounting experience/having an MBA before a MACC?? Any advice is appreciated.</p>

<p>You have an mba and you want to get a MACC? Aren’t you sick of school? idk, it seems like a lot of schooling…recruiters might think the same? I’d imagine that your, erm, non-traditional status will make it hard for you to break out in public accounting but may give you an edge when applying for corporate accounting positions. But don’t really know.</p>

<p>Ive been in the military all my life. School has always been free. Undergrad and MBA over the course of 12 years really isn’t that tremendous in work load. Problem is with the wars dying/dead I dont have a specific tangible skill to get into the business world. In all honesty, if the MBA is an issue, I wont disclose initially during interviews.</p>

<p>Not to mention that going to a respectable program like IUPUI will gain me access to on campus interviews, which I don’t have/didn’t have access to because of the non traditional route. </p>

<p>I should also add, my MACC / MSA will also be free :). I will actually make about 2000 a month just to attend.</p>

<p>So when I go to the AACSB website it lists schools that are accredited by them in Business and it has a separate list for schools that accredited by them in Business AND Accounting. The Business and Accounting list is considerably shorter.</p>

<p>I was wondering what it means to be accredited by the AACSB in Business only? If I obtained a BS or BSC in Accounting from an accredited school that’s only on the Business list, does that still mean my Accounting degree is accredited by the AACSB?</p>

<p>Futureacctman - I think you might be kidding about not disclosing the MBA during recruitment, but just in case, you should know that is directly asking to be fired when it is found out. Good or bad, full disclosure is necessary during the process. </p>

<p>I responded in your thread to the rest, but just to wrap up with what you have here, the industry is very experience/credential snobby. Great school but you better have some experience and a specialization attached to that MAcc to get past interview one and distinguish yourself from the 22 yr olds with 2 years of internships and CPA eligibility.</p>

<p>Im actually looking to lean heavily in the University of Texas at Arlingtons Master of Science in Taxation. It is a Tax degree with the Accounting coursework included that is required for CPA exam. I think given my scenario that may be a good route, since it will give me a Tax specialization which is something I would be interested in.</p>

<p>Currently I am applying to the accounting program at Michigan State University. I have a 3.0 but I need a minimum of 3.4, but more likely around a 3.7-3.8. I am likely to get rejected. I have two options A and B</p>

<p>A: Change my major to BS Economics and BS Statistics at MSU. Reapply to the business school each semester as my GPA improves. Complete my Master in Accounting at Oakland University. </p>

<p>B: Directly transfer to Grand Valley State University or smaller accounting programs for undergraduate and complete my masters in accounting after there.</p>

<p>My goal is to get my CPA and public accounting experience. Money is not a problem. I would like the option to move out of state or internationally. Which would be a better option?</p>

<p>houshyomamma wrote:</p>

<p>doraem0n,</p>

<p>Smaller, local/regional firms are still trying to get the best of the best. It (your GPA) still matters big time. </p>

<hr>

<p>But someone said here that GPA only matters if you are applying for Big4. Who is right?</p>

<p>“dont worry about your grades, they are meaningless unless u r applying for an entry level job at a big 4 cpa firm or other very prestigous national firm. corporate accounting jobs and regional and local cpa firms do not care about your grades. If u get your bachelors at a normal age (22 or 23)and got real accounting experience at some type of job/internship while in school then you should be able to find a job eventually. dont stress over your grades, just dont get worse than a C (at my school more than 2 C’s u were dropped from the major) and get real experience before you graduate”</p>

<p>Read more: [Entry</a> Level Accounting Jobs seem NonExistant (employees, apply, alternatives, non profit) - Jobs, employers, employees, hiring, resumes, occupations, government, laws, unions, contracts, workers, part-time - Page 3 - City-Data Forum](<a href=“Entry Level Accounting Jobs seem NonExistant (employees, apply, alternatives, non profit) - Work and Employment -Jobs, employers, employees, hiring, resumes, occupations, government, laws, unions, contracts, workers, part-time - Page 3 - City-Data Forum”>Entry Level Accounting Jobs seem NonExistant (employees, apply, alternatives, non profit) - Work and Employment -Jobs, employers, employees, hiring, resumes, occupations, government, laws, unions, contracts, workers, part-time - Page 3 - City-Data Forum)</p>

<p>GPA will still matter for the regional/mid-tiers… not as much as it matters for the big 4 though.</p>

<p>For the local firms… GPA will not really matter. The mid tiers will not pick the best of the best b/c <em>USUALLY</em> the best of the best go for the big 4. That is generally the case; therefore, the mid tiers either look for A. the students who WANT mid tier, B. the students just below big 4 level.</p>