Can someone who is not licensed in a particular state call himself a CPA?

The person I am referring to majored in Economics in college and took 24 credit hours in Accounting from a college where he didn’t receive a degree. Has not been licensed as a CPA in any state.

No, and you can report that person to the state CPA Board.

An accountant does NOT equal a CPA.
An accountant does NOT equal a tax specialist
An EA IS a tax specialist, but not necessarily a CPA.

Posted on February 16th, 2010 by admin and filed under CPA | 3 Comments »

How difficult are actual BEC questions on the CPA exam, in comparison with those in the Wiley books?

I’ve been using the Wiley CPA Exam Review Book to study for BEC, and was wondering how closely the difficulty of these questions reflect those that actually appear on the exam. Also, are the question wording and length vastly different from that of Wiley?

CPA exam is not a hard one if you thorough with Wiley

Posted on February 15th, 2010 by admin and filed under CPA | 1 Comment »

Does a forensic accountant need to take the cpa exam?

I’m a freshman in college. I already have 4 credits in accounting. If im not mistaken I need 11 more. After graduating, will I have to take the CPA exam to become a forensic accountant? Either for the government( IRS FIB etc) or working in an accounting firm. What requirements do I have to meet to become one?

Passing the CPA exam will make it MUCH easier to get into that field, but not a mandatory requirement. You need 24 credits in accounting, not 15 for a CPA license.

Posted on February 10th, 2010 by admin and filed under CPA | 1 Comment »

What is the difference between a private investigator and a cpa?

What is the difference between a private investigator and a cpa? Why would someone use 1 instead of another for investigating a fraud case?

a CPA is a certified public accountant.
I guess you would use a CPA to follow a money/accounting trail if there was some kind of crime committed involving finances

Posted on January 22nd, 2010 by admin and filed under CPA | 2 Comments »

What are the best classes to take to prepare for the California CPA exam?

8 courses of accounting and 8 courses of business are required to sit for the California CPA exam. What are the best exams to take, the fundamental ones that are at the heart of accounting and business?

CPA exam help

Posted on January 20th, 2010 by admin and filed under CPA | 3 Comments »

What do i need to Bring to the first day of Becker LIVE CPA class?

I am taking the Live Classes with Becker to prep for the CPA exam.

I was wondering what exactly i need to bring the first day besides the obvious textbook, notebook and pen.

Do I have to bring a laptop?

Anyone know?

Bring lots of $$$. Sorry, couldn’t resist. I wish I could help you, but I’ve never taken the class. I’m sure bringing a laptop is optional. The only info I could find was this in Becker’s FAQ:

Do I need to prepare in advance for any course section before I show up at class?
No. Just bring yourself, a red pen or pencil, and a highlighter.

That was for the "intensive" course though. I couldn’t find anything on the regular classes. Good luck on the exam!

Posted on January 17th, 2010 by admin and filed under CPA | 1 Comment »

Is it required by law to have CPA in order to do accounting functions for others?

is there an exception or exemption for such case. I currently invested in an accounting company that runs via internet but don’t have a valid CPA license for their state. What can be the consequences?

If you invested and are not active in the business then you wouldn’t need to be a CPA

If you are active in the business being a CPA would help greatly in getting customers
but that’s not required by law - being a CPA or not being a CPA won’t keep you outta
jail if you get sued for non-professional service that you charge for and don’t deliver
quality professional service.

Posted on January 7th, 2010 by admin and filed under CPA | 2 Comments »

Should I start studying for my CPA exam or do my masters?

I graduated with my Bachelors in Accounting in 2007. I have worked as an Accountant since then. I want to improve my skills and get a better job. Should I go to grad school, or should I buy a CPA book and start studying for my CPA exam? I have learned a lot from being an accountant, and what would be more beneficial for me? Would I be able to take my CPA exam (and understand its information) without doing my masters?

I do believe you need a certain number of graduate credits to be eligible to write the exam. Depends on the state, but I’ve heard up to 30 credits. best check the state you plan to practice in.

I would go CPA over Masters in accountancy - CPA allows you to practice and to sign off on audits, etc. Masters is good for a long-term career, but for now, CPA would be the better bet. and yes, you would be able to understand the information without doing a masters.

you may also consider doing the CMA - less known but it’s probably easier to get. always nice to get more letters behind your name

Posted on December 29th, 2009 by admin and filed under CPA | 1 Comment »

How difficult is it to pass the ethic exam to qualified for CPA license in CA?

I have learned that candidates, after passing all four parts of the CPA exam, needs to pass ethic exam to apply for licensure.

The ethics exam is not difficult at all. You will order the exam/class through the AICPA. I used the CD version. If you sit through the actual lecture/class it will be quite lengthy to go back and find all of the answers. My suggestion is that you open the test at the same time as the lecture. The test pretty much follows the class in order of questions.

You can submit your answers immediately online and know if you passed or not. No waiting! The AICPA will then pass this on to your state board of accountancy so that you can become lisenced.

Don’t sweat it, this is the easy part!

Posted on December 13th, 2009 by admin and filed under CPA | 1 Comment »

If i want to become a CPA then what types of math classes should I be taking in my High School ?

If i want to become a CPA what type of math classes should i take in high school?
Should I be taking PreCalculas, statistics, or Calculus?

you are going to have to take calculus eventually you probably will want to do it in a smaller setting like at your high school.

no matter what take precal… then decide which class you feel more comfortable taking. i recommend taking calculus next or even double up on maths! (that’s what i did i loved math though)

Posted on November 12th, 2009 by admin and filed under CPA | 2 Comments »