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Accounting is an awesome profession. Not only does it pay well, but the working conditions are too bad either. Many accountants today work right in their own home while others work in a typical office setting. The profession is growing with no end in sight. That’s certainly good news for anyone looking to join this profession.

Many people find they are interested in accounting but become apprehensive when they discover that a college degree is required. The apprehension comes from the fact that most adults, although very interested in furthering their career, simply cannot afford the time for a traditional college degree.

In searching for a common ground many have found that acquiring their accounting degree online is the solution. This option provides many advantages over that of an offline class schedule. To start, an online degree in accounting affords students the opportunity to maximize the flexibility and convenience of their educational program.

Pursuing a degree online is well-suited for working adults, it’s an excellent choice for professionals that want to change or advance their careers. Online educational programs offer the same high-quality courses provided through traditional offline programs.

In addition to receiving a quality education, the learner can flex the classes around the demands of a schedule that may involve work and family. Course work will include general or advanced studies of financial accounting and management, cost accounting and management, auditing, taxation, economics, and information systems. Other classes may also be a requirement of the curriculum for a specialized degree.

An emphasis is placed on versatility with any online account degree. Students are taught skills that will enable them to pursue not only short-term, entry-level positions, but also long-term career paths, many of which are beyond the field of accounting. Career options available to graduates may include: public accountants, consultants, forensic accountants, or management accountants

After completing studies and graduating, the student will be prepared to create, analyze and verify financial documents in order to provide information to clients. The graduate will have the problem-solving, communication, and critical thinking skills necessary to work efficiently and competently in the dynamic decision-making process demanded by a competitive working environment.

Most all of these programs will prepare students to sit for the Certified Public Accountant (CPA) examination. It is recommended that students check with their state for further information related to examination requirements.

With the various positions available in the accounting profession there is a wide range of educational requirements to match. But you can be assured that if you complete an accounting degree online you will have plenty of opportunities for advancement in your chosen profession.

You can find out more about an Accounting Degree Online as well as much more information on everything to do with accounting at: http://www.OnlineAccountingEducation.com

How much work experience do you need after passing the exam before you are certified to be a CPA? Do you need to study accounting in undergrad? I studied economics undergrad and im hopefully going to study account and get my master’s degree then take the CPA.

It depends where you live or work. Actually you become certified in a particular state so it varies. Some state CPA exams are tougher than others. Required work experience also varies by state. I would suggest asking 1 of the local CPA firms. I think they would be happy to help you.

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Many accountants studying for the CPA (Certified Public Accountant) exam use a CPA review course to help them prepare. A good review course will minimize study time as well as maximize the chances of successfully passing the CPA exam. With so many different courses on the market today, it can be difficult to pick the one that best fits both criteria above. Below are some of the factors to be considered when choosing a CPA exam review course.

1) Course Materials

Although all courses cover similar accounting concepts, every instructor explains things differently. Good review courses are only taught by engaging instructors that are capable of explaining difficult concepts in an easy-to-understand manner. Also, a good instructor will spend more time on tricky concepts and just touch on the more self-explanatory ones to make lectures more efficient. The best CPA review courses have available free lecture samples that you can evaluate before deciding to buy. Another way to evaluate the quality of a review course is by visiting CPA exam preparation forums as well as product review sites to see what people are saying about the lecture quality of individual review courses.

As well, the lectures can be available through a variety of media, such as live or recorded webcasts, CDs, DVDs, or USB. The portability and accessibility of the media the course materials are available in should be taken into consideration when evaluating a review course.

Also, when shopping around for a review course, be sure to note any expiry dates for the course materials. Some questions and simulations software will become disabled at a certain time after activation. As well, some courses have lectures that are only made available to a student for a certain duration before the access expires. The best type of course materials and software is the kind that does not require access to the internet to view or use, and therefore does not expire. If you must purchase the type that does expire, make sure that you will have ample time to digest the materials before it expires on you.

2) Practice Questions

Having studied the course materials, the student is usually provided with practice questions to drill the knowledge into their memory as well as apply the concepts they have learned to actual case scenarios.

When it comes to practice questions, some CPA review courses take the exhaustive approach by making the student do every question that has the slightest chance of appearing on the CPA exam. While this may be a safe route to take, it can also be extremely time-consuming. Many students simply run out of either time or patience, or both, and never get around to finishing many of the practice questions, leaving them ill-prepared for the exam.

On the other hand, there are those review courses that do not provide enough practice questions to adequately prepare the student for the exam. Obviously, this situation is far from ideal also.

The ideal CPA review course will contain only questions that are most likely to appear on the exam. This can be done by analyzing past exams to identify questions that appear the most frequently. This will ensure the highest rate of return for the student’s study time by allowing the student to focus on areas that will probably matter the most.

3) Student Support

Different CPA review courses provide different levels of customer support. If you tend to be a question-asker and prefer to talk to instructors over the phone, then be sure to choose a review course that has that kind of service. On the other end of the spectrum are courses that have minimal support, and in the middle are courses that allow students to email questions to the instructors. Some review courses provide message boards and forums to allow students to interact with instructors and with one another. Before buying a review course, make sure that it will provide the level of support you need.

4) Frequency of Updates

Due to changes in accounting-related legislature amongst other things, CPA exam study materials need to be updated correspondingly on a regular basis. Some review courses update their course materials and practice questions more often than others, so be sure to take this into consideration when choosing a course.

One factor that many people take into account, that has not been discussed, is price. However, considering the typical substantial pay-raise that is experienced by many accountants after they become CPA-certified, it is advised that you choose a CPA review course based on its quality and level of support from the instructors, rather than on price. Considering that the average pass rate for the CPA exam is only 47.49-49.10% (pass rate for Uniform CPA Examination in 2008), failing one or more sections is not unlikely. You will not want to re-study for and re-sit sections of the exam just because you decided to save a few bucks by purchasing a lesser quality review course. The only exception is when the course fees will be reimbursed by your employer, in which case you may want to take advantage of this, even if it would mean having fewer options to choose from.

For unbiased reviews of the top CPA review courses on the market please visit CPAReviewCourse.org.

I’m applying to take the CPA exam, any tips from experience?

Get a study program and practice practice practice.
Becker is one that a lot of people use and swear by, but it’s also the most expensive (about $3k for all 4 sections).
I use Exam Matrix. It’s about 1/3 the cost of Becker and I passed 3 sections on my first try. The section I didn’t pass on the first try I missed by 1 point, and it was REG which I know was my weak area (I am NOT a tax person, I’m an audit person!). I’m sure I’ll pass it next time.
I’ve also heard good things about Bisk and Wiley, but don’t have personal experience with either of those.

See if your school or employer has any special deals with any of the review courses or if your employer will reimburse any of the costs after you pass. Your local CPA organization might be another good resource for discounts. My local CPA organization offered I think a $500 discount on Becker if you had a student membership, which was like $25.

CPA Exam Review Tip Number One

Go to your state accounting regulatory agency – you can find these by going to http://www.aicpa.org/somethingbig/index.htm and choosing the relevant link.

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Preparation for CPA Exam and CIA Exam Prep requires follow up of techniques and strategies such as allocating more study time for the weak areas. It is well known fact that students love to revise and practice the lessons and areas in which they have acquired required expertise. Though it is good to acquire 100% command of the lessons in which you have only 90% command, one should not ignore weak areas for acquiring command on strong areas. Students must take special care of practicing the difficult areas which have created troubles in passing the CPA exam in the past. Students often don’t feel comfortable in practicing or studying difficult lessons and they switch over to next lesson but this should be avoided and CPA applicants must practice a difficult lesson again and again so as to acquire desired comfort level with the topic. These top tips must be followed while preparing for your CPA exam: 

• Make an application for the CPA exam well before the scheduled date of exam. One can get an application for CPA exam from the state board of accountancy.
• Studying sample papers and previous year’s solved question papers is a must while preparing for CPA exam.
• Think positive and have faith in your capabilities.
• Rigorous practicing can make you an expert of all the topics that can be in the question paper of CPA exam thereby making you confident and confidence is the key to success in any exam.
• Students must practice only the latest accountancy, tax and auditing lessons and must check into the new syllabus so as to buy reference books according to the new syllabus instead of wasting time and money on old syllabus, and out of date books.
• Keep your mind stress free as stress can lead to concentration failure and no one can succeed in CPA exam without studying with full concentration.

Students must take care of the grading process and can use CPA exam software to study so as to pass the CPA exam. One can learn tips and techniques of preparing for CPA exam by using exam review software. 

About the Author:

Exam Matrix provides computer based exam reviews for the CPA, CISA, CMA, CIA and EA certification exams. Pass Gaurantee.

Article Source: ArticlesBase.com – Tips To Follow While Preparing For Your Cpa Exam

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Are you an entrepreneur beginning some new venture? Or are you, perhaps, the owner of an existing business that needs to find a new CPA? Finding the right accountant can be easier if you employ the following five tips:

Determine Whether You’ll Outsource Your Bookkeeping

Some businesses like to do their bookkeeping in-house using an accounting program like QuickBooks. Other businesses like to assign the work to an outside service or to their accountant.

Either approach can work well, but before you choose a CPA, think about whether you want an accountant who also provides bookkeeping services. Some do. Some don’t.

Often, by the way, CPAs that provide business bookkeeping services describe themselves as “comprehensive accounting firms.”

Consider Your Need for an Industry Specialist

Many, perhaps even most, small businesses use a generalist accountant. But if you’re in an industry with its own unique tax laws or special regulatory issues, you may want to look for an accountant who specializes in your industry.

A specialist, by the way, will probably cost you more money. And you may not like (for good reason) the idea of your accountant also working with your competitors. But if you truly need specialized industry expertise, you may want to go this route.

An industry specialist may be able to offer suggestions about industry-specific tax planning strategies, discuss industry-specific accounting solutions, and refer you to other industry specialists at banks, law firms, and consulting firms.

Forecast Your Future Requirements for Accounting Services

Basically all small business CPA firms offer tax preparation and tax planning services for businesses and their owners. And most of these firms also provide consulting services to their business clients–especially in the area of selecting, installing and operating accounting software.

Your small business, however, may need additional services such as compiled, reviewed or audited financial statements. Accordingly, you want to think about any additional services you may need a year or two down the road.

Note that you don’t need to get too carried away with this sort of fortune-telling. Don’t worry about what services you may need ten or twenty years from now. Both your firm and your accounting firm will have changed significantly by then. Do, however, think about the services you’ll likely to need over the next two to three years. Switching CPAs every five or ten years is fine. Switching CPAs every year or two is too much work–and makes you look to CPA firms like a flakey client.

Budget Your Accounting Fees Upfront

CPAs structure their practices in a variety of ways. Some CPAs charge their clients very modest fees. Other CPAs charge their clients rather large fees.

Accordingly, you want to make sure your budget synchronizes with your accounting firm’s billing practices.

Two quick comments are in order about billing practices, though. First, CPAs that charge low fees of necessity do not spend much time on any individual client’s tax return or question. Understand, therefore, that Wal-Mart-like fees mean you’re buying only small slices of the professional’s time. (In many low-cost practices, non-CPA employees do much of the work and the CPA only checks the work product at the very end–a bit like your dentist operates.)

Second, CPAs that charge high fees should be able to provide you with a markedly higher level of expertise and or service. You definitely should get what you’re paying for…

Choose a Level of Personalized Service

A final point: If you want truly personal service from your CPA, look for an accounting firm that’s either a sole proprietorship or a small partnership. In either of these cases, you’re likely to regularly work with the owner or an owner year after year.

If you don’t care about personal service, you can work with any size firm. Accordingly, you should consider working with a less personal large firm. Personnel within a large firm tend to charge more often. But a big CPA firm delivers a big advantage to some small businesses. Big CPA firms can offer your business just about any accounting service you would ever need.

About the Author:

Seattle tax accountant Stephen L. Nelson, edits the S corporation web site and has written incorporation kits for Florida incorporation and Texas incorporation. He holds MS in tax.

Article Source: ArticlesBase.com – Picking a Cpa for Your New Business

Does anyone buy Becker CPA review flash card? or the final review self study CD, are they useful?

The CD is very useful. In order for me to pass the CPA I did the multiple choice questions over and over to reinforce what I was studying.

CPA FINAL

I used Becker and had a friend that used Gleim. We compared teh material and many of the sample questions were the same due to the fact that the AICPA didn’t release but so many example test questions.

We compared reading material as well and I liked the layout and info contained in Becker better; however, Becker is more expensive.

If you chose Becker, the classroom setting is a good way to keep you studying because of the peer interaction, but I did not find the presenations contained therin beneficial.

Yes, I did pass, but I was a student of Becker.

Hope this is somewhat beneficial!

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A certified public accountant (CPA) is a professional individual who works on their own or is a part of an accounting firm. A certified public accountant (CPA) is generally in charge of monitoring and keeping track of the financial records of an individual or business. Each year millions of Americans wonder if they should hire an certified public accountant (CPA). Why hire a CPA is a question that many individuals ask themselves.

There are many individuals and business owners who are not organized. Being unorganized can make it virtually impossible for an individual or business owner to accurately keep track of all of their finances. This is why many individuals make the decision to hire a certified public accountant (CPA). Another reason why many individuals or business owners may hire a certified public accountant (CPA) is because they do not have enough time to keep track of financial records on their own. Another reason is because the majority of certified public accountants (CPAs) are trained and experienced professionals.

To become a certified public accountant (CPA) individuals need to meet certain requirements that are imposed by the American Institute of Certified Public Accountants (AICPA). These qualifications typically include around one hundred and fifty college hours that are applied towards an accounting program. A certified public accountant (CPA) also is required to pass a CPA exam that is developed by the American Institute of Certified Public Accountants (AICPA). There are some states that require an individual be certified or have a particular amount of work experience before operating an accounting business; however, not all states have these requirements. With all of the training and experience that a certified public account must have it is evident that they are more experienced in the flied of accounting. Although it is not guaranteed a certified public accountant (CPA) is likely to produce better results than a traditional accountant.

A large number of individuals hire the services of an accountant all year round to make sure that their finances are in order. Although most accountants are hired on a long-term basis there are accountants that are only hired to professionally prepare tax returns. When being trained in the area of accounting a certified public accountant (CPA) also learns how to complete multiple federal and state tax returns. Why hire a CPA to do your taxes? The answer is because many certified public accountants know how to get their clients the maximize number of tax deductions and they also how know to accurately organize receipts and other document verifications for those tax deductions. http://www.taxhelpdirectory.com/taxdeduction

When hiring a certified public account (CPA) many individuals or business owners are encouraged to determine the amount of experience or qualifications that an accountant has. When searching for a certified public accountant many individuals and business owners prefer to work with a local accountant. Many individuals feel that working with an local accountant is easier should something unexpected arise; however, there are many accountants that work for a successful accounting firm or operate their own personal accounting business nationwide. Each individual or business owner will have to make their own decision as to which type of certified personal accountant (CPA) they wish to hire.

Why hire a CPA? The answer is simple because it is an easy to way to have your financial records in order or your tax returns professionally completed. The majority of certified public accountants guarantee their work; therefore, there really isn’t any reason why a certified public accountant (CPA) should not be hired. Instead of spending hours reviewing and sorting through your finances you should pick up your local phone or use the internet to at least schedule a consultation appointment with a certified public accountant (CPA) to see if hiring one is right for you and your situation.

About the Author:

Gray Rollins is a featured writer for the TaxHelpDirectory.com. To learn more about hiring a CPA and accountants, visit our site.

Article Source: ArticlesBase.com – Why Hire A CPA (Certified Public Accountant)?

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Let’s face it – these are difficult times in the business world.  The shape of Wall Street has changed forever, credit markets are caving and economic uncertainty is scary high!  A lot of people are worried, but guess who are sitting pretty?  Accountants.  If you are starting out in your career there has never been a better time to become a part of one of the Big 4 Public Accounting firms.

There is an old saying, “a great economy needs good accountants and a bad economy needs great accountants.”  This has never been truer today.  With fair value accounting so heavily entrenched in what has happened recently, the convergence to International Standards on the horizon, Sarbanes Oxley still kicking around, FIN 48, etc. there is plenty of work for accountants.  However, not just anyone can make it through the doors of a Big 4 public accounting firm,.

If you are reading this you no doubt are well aware of who these guys are: 

PricewaterhouseCoopers, Deloitte and Touché, KPMG and Ernst & Young.

These firms provide the recent accounting grad with a world class experience. Want to be on the cutting edge of IFRS convergence?  Join a Big 4.  Want to be part of the fair value developments as they happen? Join a Big 4.  Oh yeah, not to mention, want an industry leading salary, amazing benefits and job security?   JOIN A BIG 4!.

The very best of the accounting world is at your fingertips when you are employed with one of the Big 4. There is an air of respect in those names: PwC, E&Y, KPMG and D&T. There is camaraderie and there is pride. These are the truly elite in the accounting field, and the top of the business world.  Starting your professional career at one of these companies is a ticket to a career in the fast lane. The experience you receive at a Big 4 is, literally, priceless. Many beginners at these firms admit that they would be willing to work for nothing: the experience is that valuable.

Think this all sounds good? Of course you do. There must be a catch, right? Unfortunately, there is. Because of the phenomenal benefits, the demand for these positions is higher than ever. These positions are EXTREMELY competitive and often IMPOSSIBLE to obtain without an edge. A great GPA and resume are no longer enough.

If you are serious about your career and want to maximize your earnings potential, you need an edge over the thousands of others reading this. How do you land an interview with a Big 4 when there are thousands of others just like you? Once you get the interview, how will you be prepared for the barrage of questioning you will face? 

When I graduated from college I had one interview and one interview only: I landed a job with PricewaterhouseCoopers on the first shot. How did I do it? Good grades? Charming personality? Incredible experience? No! I had an insider at a Big 4 who knew the ropes and coached me through the process, from the application to the signing bonus! When I learned these secrets I just watched as my peers struggled and I jumped easily through all the hoops. Unfair? Sure, but life in a world class industry is not fair. While working at PwC I also experienced the recruiting process from the side of the recruiter.

If you are interested in learning more (like exactly how to get hired by a Big 4) please visit:

http://www.Big4Guru.com

 

 

About the Author:

The Big 4 Guru is a CPA, proud Big 4 alumni and seasoned industry professional. His passion is helping new accounting professionals achieve their career goals.

Article Source: ArticlesBase.com – Big 4 Public Accounting – Why You Need to Work There and How to Get Hired!

All of the Becker formats (live, CD, on-line) are essentially the same. The lectures and books provided are exactly the same. The only difference is where you do it.

I took the live classes because of my schedule with work and family. The live classes forced me to set aside the time (all day Saturday or two evenings per week) to watch the lectures. For the live classes we went to a class where the instructor put in the CD (same as the other versions) and we went through the lecture. There were a few times that he would interject points, but not many. At the end of the class we would get the same CD lecture that we just watched if we wanted to watch it again. Also, if you know you are going to miss a class, the instructor will give you the CD to watch on your own so that you can get the Tuition Free Continuing Help (TFCH). I compared those CDs with the ones a a friend who took the CD version and they were identical.

If you are a procrastinator, I would suggest the live classes. Becker is a huge investment in your future, but well worth it.

Becker is designed to take all four sections of the CPA exam in a six month period. With that being said, I do know several people who have taken them quicker and passed just fine. For the live classes you will go through all of the lectures and there is about a month in between each set aside for final study and taking that section of the exam.

Good Luck!

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Deciding to become a Certified Public Accountant (CPA) is a huge step for college graduates looking to step into the accounting world. Being able to put on your resume that you are a Certified Public Accountant, will make your resume stand out above all of the others. Being a recent graduate, having CPA will give you credibility and will act as a “stamp of expertise” to the public eyes. Not only will being a CPA earn you more money, it will improve your credibility, as well as reflect your commitment to the accounting field.

Having CPA certification provides substantial financial awards for accountants. Accountants with this certification will be able to establish a standard of living to support themselves and their family. According to Robert Half International, the CPA can, on average, increase a candidates base salary by 10 percent. A lot of small, medium, and large public accounting firms will not promote their auditors past a certain level unless they have passed the CPA exam.

To obtain this certification there are six main steps that you have to follow. The first thing you will have to do is apply to take the exam. This step involves deciding what state you want to be certified in and checking to make sure you fit all of their qualifications, requesting an application, completing it, and then submitting it. This process can take from 6 weeks up to 8 weeks. The second step after your application has been accepted is to pay the examination fees. Fees vary for each state as well as qualifications . In Pennsylvania, there is a $95 application fee. The Auditing (AUD) section fee is $230.55, Business Environment (BEC) is $180.95, Financial Accounting and Reporting (FAR) is $218.15, and Regulation is $193.35. If you are taking an exam over you are obligated to the pay the application fee of $95 again whether you are taking one section over or all four. Third, after you have paid the CPA fees you will receive your notice to schedule in the mail.

The fourth step in obtaining your CPA is the most crucial. STUDY, STUDY and STUDY some more. The goal is to pass all four parts of the exam on the first try. Although this does not happen for most people, retaking the exam over and over again can become very costly. There are many different ways you can study for the CPA exam. The most talked about is the Becker CPA Review. Becker offers on line classes, live classes, cram sessions, and self study cd’s to work at your own pace. There are many other institutes that offer CPA review classes as well as many study books.

After you feel you are fully prepared to take on the CPA exam, the fifth step is then to schedule each section. All exams need to be scheduled at least 6 days in advance. It is advised that candidates schedule their exam at least 45 days in advance. The sixth step is to take the exams. Lastly you will sit in anticipation awaiting the arrival of your scores.

Overall, if you are extremely interested and committed to the accounting field, you should try and become a Certified Public Accountant. Not only will this title increase your salary, but it will also help you shine above other candidates when applying for jobs as well as provide a secure standard of living.

About the Author:

Article Source: ArticlesBase.com – Steps To Becoming A Cpa