User:Jshaba

Potential CPA Candidates' Examination Information
A Certified Public Accountant (CPA) includes an overall expertise in the field of accounting that expresses many tasks and skills. A CPA establishes the following in their industry:

1. Held accountable for keeping track of and recording all financial transactions made in a business/corporation. 2. Leading and directing accountants within the CPA firm and/or company 3. Utilizing knowledge on behalf of the following accounting guidelines: • Audit and Assurance • Tax and Financial Planning • Internal Auditing • It Services Forensic Accounting • International Accounting • Environmental Accounting • Consulting Services • Financial Analysis • General Accounting

I.	Qualifications for CPA Exam
Knowledge with education and hands-on working experiences are key developments in the process of becoming a CPA  Overall CPA Educational Requirements • Bachelors Degree in Accounting including the following (Berchback-new/CPAMetro-              Detroit CPA Review-Update for 2008): • 24 semester hours in Accounting Including: 1. Auditing 2. Financial Accounting 3. Fund Accounting 4. Cost Accounting 5. American Taxation 6. Accounting Systems

• 24 semester hours General Business including: 1. Economics 2. Finance 3. Data Processing 4. Business Law 5. Calculus 6. Statistics 7. Additional Accounting Courses

• After the Accounting Master’s Degree program course requirements completed you should have the following overall course requirements completed (Berchback): 30 hours of accounting and tax 39 of other business courses:  Business  Economics  Ethics  Marketing  Taxation  Statistics  Finance  Management  Business Policy  Overall Working Experience During CPA Process

Overall you need to complete 2,000 hours of work under administration from a CPA. • Internships are considered as working hours • Hours to be completed no less than one year and no more than five years

II.	CPA Exam Course
A course is offered in Metro-Detroit to prepare potential CPA test takers. This course assists CPA candidates with the exam and offers an actual live, personal lecture, rather than technological self-study reviewing.  Components of The CPA Exam Course

The course provides sessions in during the fall, spring and summer. These sessions are summarized as follows: • Audit- 5 sessions during the Spring or Fall • Financial-  13 sessions during the Spring or Fall • Regulation- 6 sessions during the Spring or Fall • BEC- 5 sessions during the Summer

 CPA Class Times

Class times are from 6-10p.m. weeknights and 12:30-4:30p.m. weekends.

 CPA Course Rates The total cost for all four sections ranges from: $2,100-$3,000

Other Cost Notifications include: • Extra Discount: After you have registered, a $500 discount is automatically applied. • Course Section Repeat: For each course section you repeat, your rate will be             decreased to half. • Taking All Four Sections: With meeting the Early Payment and being from a             sponsored organization, the fee will total at $2,100. These sponsored organizations are:  Walsh  Oakland University  Wayne State University  Michigan State University  Deloitte  Plante & Moran  KPMG  Ernst & Young  Clayton & McKervey  Doeren Mayhew

III. CPA Examination
The CPA Examination is your ticket in becoming a CPA. This exam includes the following (Berchback): Auditing and Attestation (4.5 hours) Financial Accounting and Reporting (4 hours) Regulation (3 hours) Business Environment and Concepts (BEC)(2.5 hours)

 CPA Examination Process Information The following explains the process of the CPA exam. • Exam is available for every four two months periods in a year:  January and February  April and May  July and August  October and November

• The four sections can be taken once during the two month period if desired • After passing the first section, you have an 18 month period to pass all sections • Exam is taken on a computer • The exam is to be taken by appointment at a Prometric testing center. The exam contains 70% multiple choice and 30% simulation (essays and problems of             spreadsheets, databases and word processing and communication skills) for the first three sections and then the BEC portion is all multiple choice.

 CPA Exam Scoring System In order to pass the CPA exam you will need at least a 75% for each of the sections. It has been researched that about half of the applicants pass each section. The scores are displayed right before the two-month testing period.  CPA Examination Fees The four sections taken during a six month period is costing $1,000.

--Jshaba 01:08, 15 November 2007 (UTC)