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Topic: CPA License... is it worth it? (

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Herlinid
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Newbie

Joined: 06 Feb 2009
Location: United States
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Posts: 25

Posted: 13 Apr 2009 at 20:46 \| IP Logged

Being a CPA needs a lot of efforts, including sacrifice of our time and money. I was wondering if it's really worth it at the end? Once we get a CPA designation, does that mean we will worth more ( e.g get higher pay) than before , and would the benefits outweigh the efforts?

rogercpa
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Joined: 21 Jul 2008
Location: United States
Online Status: Offline
Posts: 251

Posted: 14 Apr 2009 at 15:21 \| IP Logged

Short answer? Yes. You might want to check out this recent post on Re: The Auditors for a more detailed answer.

That being said, you identified the obstacles that stand in most candidates' way (money, effort, time, etc) and if your heart isn't really in it, it will be a more difficult uphill battle for you personally than it already is.

Should you do it? Only you can answer that. If you do it will you earn more, be more "hire-able" or desirable to employers and have more mobility in your career? Absolutely.

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JDMilan
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Joined: 10 Apr 2009
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Posted: 28 Apr 2009 at 19:43 \| IP Logged

What's the PV on that $720k over 40? :)

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cflas08
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Joined: 04 Apr 2009
Location: United States
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Posted: 28 Apr 2009 at 21:25 \| IP Logged

JDMilan wrote:

What's the PV on that $720k over 40? :)

Let's see here.

n=40

i = 12%

PV = ?

FV = $720,000

PV = FV/(1+i)^40

PV = 720,000/(1.12)^40

PV = 720,000/93.051

PV = $7,737.69

I couldn't resist...LOL

Time value of money is so hard for me and I don't understand why. Can someone check my answer please? :)

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