Joined: 29 Mar 2010 Location: United States
Online Status: Offline Posts: 7
Posted: 12 May 2010 at 10:37 | IP Logged
Hello everyone,
I am the new kid on the block here.
I have 120 hours of credit after my foreign credential
evaluation, I have a long gap of 22 years since I had my
Masters in Accounting. Now I want to become a CPA, hey
better late than never right !!
I want to get it done faster, since I feel like I am
already behind in the race !!
How difficult is it ?
should I make up 30 hours to meet 150 hour requirement
and start working at the same time and gain my work
experience and then concentrate on my CPA exam or just
get 30 hours done first and then work and study for CPA
exam.
confused, please help.
Joined: 08 Apr 2010 Location: United States
Online Status: Offline Posts: 172
Posted: 12 May 2010 at 18:33 | IP Logged
write2shobha wrote:
Should I make up 30 hours to meet 150 hour requirement
and start working at the same time and gain my work
experience and then concentrate on my CPA exam or just
get 30 hours done first and then work and study for CPA
exam?
I think you first step is to clearly understand your state's requirements regarding the
following issues:
The number of credit hours necessary to
SIT for the exam.
Whether your state allows you to meet the minimum
educational requirements while earning the minimum
experience requirement (in my state, this is not
possible).
The next consideration is decide what you want to do as
CPA.
1. Is plan/desire/goal relative to prior experience you
have had the industry?
2. Based on your prior degree, would you benefit more
from an MTax or MBA in Accounting? & nbsp;
3. Consider time and financial constraints in this
process that would affect this journey to acquiring the
CPA.
No matter which path you choose to get down the
yellow brick road, the process will be rigorous
and demanding. That is certainly no reason not to pursue
it but a motivation to do it right the first time with solid planning.
Joined: 29 Mar 2010 Location: United States
Online Status: Offline Posts: 7
Posted: 13 May 2010 at 10:45 | IP Logged
hello GeorgiaEA
Thanks for your reply. I am processing all the
information and making my decision, I know that the road
ahead is not easy and with family responsibilities, it
will be even harder, but I have got to bite the bullet
sometime.
I just have to plan better, stay organized and focused.
I can sit for CPA exam with 120 hours, but I need 30 more
hours to make up 150 for CPA and one year work
experience, and passing CPA exam. A tall order to fill,
so I am asking all the experienced people on this forum
what would be my best approach to fill this tall order.
Joined: 08 Apr 2010 Location: United States
Online Status: Offline Posts: 172
Posted: 13 May 2010 at 16:46 | IP Logged
Option 1 1. Pass the entire CPA Exam in 2010
2. Complete the 30 credit hours in 2011
3. Your work experience will start in 2012
OR
Option 2 1. Start school full-time in Fall 2010
2. Sit for the CPA exams
3. Your work experience will start from late 2011 into
2012
Ultimately, I think it's best to pass the tests as early
as possible and preferably before you are committed to FT
work with a firm. Most of my peers have stated working +
studying is a rigorous combination that should be
avoided at all costs if possible. Passing the test prior
to locating work may also open more doors.
During the interim, while you gaining the educational
credits, you could focus on tax jobs/work.
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