Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
CPA Candidates: Talk / Help / Tips
 CPAnet Forum : CPA Candidates: Talk / Help / Tips
Subject Topic: About to graduate, how to get 150 credits (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
MyCPA22
Newbie
Newbie


Joined: 20 Jan 2010
Online Status: Offline
Posts: 13
Posted: 20 Jan 2010 at 17:29 | IP Logged  

Hi!

I have an MBA Degree from India and am planning to take CPA exam in Charlotte NC. However the NC State Board requires me to take the 30 semister hours in Accounting inspite of me being an MBA because it is a foreign degree. Can anyone please tell me if there is any way to take only the required semister hours and not the complete Undergraduate / graduate course inorder for me to eligible?

Thanks!

Back to Top View MyCPA22's Profile Search for other posts by MyCPA22
 
Stephanie
Contributor
Contributor


Joined: 19 Jan 2010
Location: Hong Kong
Online Status: Offline
Posts: 59
Posted: 21 Jan 2010 at 02:30 | IP Logged  

Hi MyCPA22,

Did you have your transcript evaluated and the agency didn't recognize any of your coursework?

Maybe you can tell us more about the result of the evaluation and I'll see if I can be helpful.

Cheers, Stephanie



__________________
I passed!
AUD - 88 | BEC - 87 | FAR - 92 | REG - 84
Back to Top View Stephanie's Profile Search for other posts by Stephanie
 
MyCPA22
Newbie
Newbie


Joined: 20 Jan 2010
Online Status: Offline
Posts: 13
Posted: 21 Jan 2010 at 09:10 | IP Logged  

Hi Stephanie!

I did not yet get my transcripts evaluated as I have to decide the board before I send my transcripts to FACS. I got a reply from NC Board which makes it clear that they have very stringent rules in place for foreign students like me. They need atleast 4 years of work ex if it is outside US and also I need to take additional 10 graduate hours out of which 6 should be in accounting - All this only to sit for exams. I have decided to give a try for Virginia Board which looks kinda liberal and is the next nearest place for me. Sending my transcripts for evaluation tomorrow.

Thanks!
Back to Top View MyCPA22's Profile Search for other posts by MyCPA22
 
Stephanie
Contributor
Contributor


Joined: 19 Jan 2010
Location: Hong Kong
Online Status: Offline
Posts: 59
Posted: 22 Jan 2010 at 01:30 | IP Logged  

That's good MyCPA22. I think you should get at least some credits from your MBA.

By the way, if you are picking the state based on location, please note that you can actually register in one state and take the exam in another. So bascially, you should pick the state with the most favorable education / experience requirement for you.

If you don't have related work experience yet, maybe you can try Illinois? No working experience is required if you have 150 semester hour fulfilled. Your MBA is good enough if FACS gives it a full credit. (I know, it's still a "IF"...)

I heard that Colorado is also quite popular among international students, possibly because the work experience can be waived if you have 150 semester hours fulfilled.

Cheers, Stephanie

 

 



__________________
I passed!
AUD - 88 | BEC - 87 | FAR - 92 | REG - 84
Back to Top View Stephanie's Profile Search for other posts by Stephanie
 
MyCPA22
Newbie
Newbie


Joined: 20 Jan 2010
Online Status: Offline
Posts: 13
Posted: 22 Jan 2010 at 10:38 | IP Logged  

@ Stephaine

Thanks so much for the response!!! I wasn't actually aware that I can apply for one state and take exam in another state.. This is very helpful! I checked with the Virginia State Board and they confirmed this.

In this case, I will have more options to chose the state. I'm yet to research on which state will be liberal enough to give me a license. In this process, came across an article which seemed to be helpful for many foreign students like me.

The minimum educational requirement to sit for the U.S. CPA exam is generally a four year university degree. Most states require 150 university semester hours before you can sit for the CPA exam.

You can not take the U.S. CPA examination outside the U.S. It is offered only in the U.S.A.

Once you have passed the exam in one state you can transfer to another state. You will have to meet the education and experience requirements of the new state, but normally you are given credit for having already passed the CPA exam.



CHARTERED ACCOUNTANTS

The CPA certificate is not directly comparable to the articles of a chartered accountant. A chartered accountant who wishes to have a U.S. CPA certificate must take the exam to become a U.S. CPA. The only exception is a special examination for members of the Canadian Institute of Chartered Accountants (CICA), the Institute of Chartered Accountants in Australia (ICAA), CPA Australia, the Institute of Chartered Accountants in Ireland (ICAI) and the Instituto Mexicano De Contadores Publicos (IMCP). The National Association of State Boards of Accountancy (NASBA) web site has information on the IQEX examination. (On that page click "EXAMS" then "IQEX")

RESIDENCY AND CITIZENSHIP

Some states do not require that you be a resident of the state or a U.S. citizen to earn a CPA certificate issued by that state. The last time we checked, these states were:
  • Alaska
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Illinois
  • Kentucky
  • Maine
  • Maryland
  • Massachusetts
  • Montana
  • Nevada
  • New Hampshire
  • New Jersey
  • New York
  • Oregon
  • South Carolina
  • South Dakota
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin


EXPERIENCE

Some states will grant a CPA certificate with no experience, but require evidence of experience before a "permit to practice" is issued. If you just want a U.S. CPA certificate for your resume, you might investigate the current requirements of these states. The last time we checked, these states were:
  • Alabama
  • District of Columbia
  • Florida
  • Guam
  • Illinois
  • Iowa
  • Kansas
  • Louisiana
  • Maryland
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • North Dakota
  • Oklahoma
  • Puerto Rico
  • South Dakota
  • Virginia
  • Washington
  • West Virginia
  • Wyoming


STATES THAT DON'T REQUIRE 150 SEMESTER HOURS OF UNIVERSITY

Most states have adopted a 150 university semester hour educational requirement. A few states require only a four year university degree. Each state has specific requirements for evaluation of your transcripts, so you must pick a state before you can have your transcripts evaluated. The last time we checked, the states requiring only four years were:
  • California
  • Colorado
  • Delaware
  • New Hampshire
  • Vermont
  • Virgin Islands
Source: http://www.ais-cpa.com/outside.html

Back to Top View MyCPA22's Profile Search for other posts by MyCPA22
 




<< Prev Page of 3 Next >>
  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1406 seconds.

Copyright © 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote