A CPA stands for Certified Public Accountant, which is a professional designation that allows accountants to work in the field of public accounting. To become a CPA, you must meet certain education, exam, and experience requirements for licensure by a state board of accountancy. The requirements to become a CPA vary by state, but generally include:
- Completing a 150-hour degree program in accounting at an accredited college or university.
- Passing the Uniform CPA Examination, which tests your technical skills in financial accounting, financial reporting, auditing, attestation, regulations, business environments, and business concepts.
- Attaining a level of professional work experience in accounting, which varies by state but is generally at least two years working in public accounting.
CPAs are highly sought after by businesses and nonprofit organizations because they have extensive training in tax law, auditing procedures, management practices, and other important aspects of business financial operations. Becoming a CPA takes time, patience, and planning, and requires a commitment to continuing education even after earning your CPA designation.
