Sitting for the CPA Exam

What is a CPA?

A CPA is a Certified Public Accountant and is licensed by the state. In Vermont, to earn the prestige associated with the CPA license, individuals are required to demonstrate their knowledge and competence by passing the Uniform CPA Exam. This ensures that they meet high educational standards and have completed a specified amount of general accounting experience.

Why do you need a CPA?

Certified Public Accountants act as advisers to individuals, businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial matters. Today, many individuals and businesses turn to CPAs for help with tax preparation, personal financial planning, auditing services and advice on developing effective accounting systems.

CPA Vs. Non-CPA

Many people don't know how a CPA differs from a book keeper or a tax preparer. The CPA designation is one of the most widely recognized and highly trusted professional designations in the business world.

Individuals turn to their CPAs for tax and financial planning services, investment advice, estate planning and more. CPAs are distinguished from other finance professionals by stringent qualification and licensing requirements.

Individuals have worked hard to obtain the CPA designation, and they are committed to working even harder to deliver the value it conveys.

The two most important goals to focus on in your quest to become a CPA are passing the Uniform CPA Exam and meeting licensing requirements.

For more information on CPAs and licensing click below:

This information was gathered from Valueyourmoney.org; click to read more!

CPAs REQUIRE MORE THAN A BACHELOR'S DEGREE

New rules governing the CPA Exam will boost the requisite credit hours for the CPA exam from 120 to 150 post-secondary credits. This means that an undergraduate degree isn't enough, and students need to take more classes - 30 credits worth - to be eligible to sit for the CPA examination.

Accounting students at Champlain College have multiple options to consider when designing their academic plans to meet this requirement, and we give them the resources to make a decision that best fits their needs. Our faculty advisers will help students create the plan that makes the most sense while allowing them to achieve their career goals.

MASTER'S DEGREE-TAKE YOUR CAREER A STEP FURTHER

One recommendation for students interested in taking the CPA exam is to pursue a Master's degree through Champlain or one of its partner institutions. This would increase their level of education and therefore benefit their career while allowing them to meet the requisite credit hours for the CPA exam.

Preferred Admission Status for Masters Programs

  • Champlain College Online MBA Program: Accounting students whose GPA's reflect the ability to succeed in graduate-level work will be accepted into the Champlain Online MBA program, which has 8-week terms. Scholarships for Champlain graduates are available.
  • New York University (NYU): Champlain College has a special agreement with NYU's School of Continuing and Professional Studies. Accounting students, with a G.P.A. of 3.25 or greater can be granted "auto-admission" to one of 14 Masters programs offered through NYU including an M.S. in Management and Systems and an M.S. in Global Affairs. 
  • Thunderbird School of Management:  Through a special agreement with the prestigious Thunderbird School, Champlain Accounting students may be able to pursue a Certificate of Advanced Global Studies during the Fall of the fourth year, and upon successful completion, have those credits apply towards one of Thunderbird's masters programs.  Students are also eligible for a 15% reduction in price per credit hour for certain Master's programs.

ADDITIONAL UNDERGRADUATE CREDITS: A COST FRIENDLY ALTERNATIVE

If students are interested in starting to acquire the requisite additional 30 credit hours while pursuing their undergraduate degree, Champlain allows Accounting students to take up to 12 extra credits on top those accumulated throughout their undergraduate studies - with no additional tuition fees. Students would be able to graduate with 132 credits at no additional cost, and through pursuit of additional courses during the academic year or over summer (at cost), may accumulate even more credits before graduating.