Message Font: Serif | Sans-Serif
No. of Recommendations: 2
Well, your profile says you're from New York, so the requirements for licensure are covered at your state's Board of Accountancy website at . Generally, though, licensure requires a combination of education, experience, and an examination.

Education is generally at least 150 credits of college, including at least a Bachelor's Degree. I believe NY has a 120-credit option, so long as you meet certain requirements. Some states require that the degree be in accounting, or have a certain number of credits in accounting; your MBA may be considered sufficient.

Experience varies by state, but most states want two years of public accounting (mostly auditing) experience. This is the FUN part.

Examination is mostly the Uniform CPA Exam. The CPA Exam is usually the big hurdle; it requires hundreds of hours of study, and I know some sharp people who have taken it two or three times and still haven't passed. Many states, including NY, also have an ethics course or exam required for licensure, but that's pretty easy by comparison.

Finally, you have to submit your application, along with a hefty fee, to the state for approval, and you have to join the AICPA ( for $180+ per year. From there on out, there are continuing education requirements to maintain your license.

Of course, these are general requirements; 90% of this is decided at the state level, so it can and will vary from one state to the next. If you're interested in requirements for another state, try . Also, they're working on a Uniform Accountancy Act which would change everything around again. So if you do pursue a CPA designation, be sure to keep up on your state's requirements.

Good luck!

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.