CPA educational Requirement?

Question

When state boards ask for 24 credit hours of accountingto be eligible for its CPA exam application;does it have to be all accounting courses or does other business related courses count towards accounting credits as well such as money banking and finance course or investment policy, multinantional finance? Please let me know, thanks.

Answer 1

If the state board says 24 hours in accounting, that means 24 hours in ACCOUNTING courses. General business courses, finance courses, and economics courses will not count towards that number. Courses like Acct I, Acct II, Cost Acct, Tax I, Tax II, Audit, Intermediate Acct I, Intermed Acct II, Managerial Acct, and Not-for-Profit/Gov Acct would all count. The classes I just listed also add up to 30 credit hours in accounting so if you need accounting hours, that is where to start. Money and Banking and other finance courses would count toward the overall business requirement (if your state has one).

Sorry if this is not what you wanted to hear, but in order to pass the exam, you will need most if not all of the courses I listed above. The exam is tough, but you can pass it if you put your mind to it.

Good Luck!