Become a Certified Public Accountant
Edited by Rose B, Maria, Charmed, Christine dela Cruz
It is never easy to become a Certified Public Accountant. But it is good it is not impossible. This title is often dreamt by many, but only achieved by few.
- 1First of all, you have to finish Bachelor of Science in AccountancyAdvertisement
- 2You have to pass the rigid license examination given by the Board of Accountancy through the Professional Regulations Commission.If you pass the examination, then you will get your license and you can include the title C.P.A on your name.Advertisement
Tips Tricks & Warnings
- To pass the examination, you have to have at least 75% general average on the 7 subjects, namely, Theory of Accounts, Management Advisory Services, Auditing Theory, Business Law and Taxation, Practical Accounting I, Practical Accounting II and Auditing Problems.
- In case you did not get at least 75% but you passed at least 4 subjects, then you are Conditional, and you have the option to retake those subjects below 75% or take all the subjects again.
- If you opted to take all the subjects again, you are qualified to be on the Top 10, but if you chose to retake just the failed subjects, you are not qualified.
- To retake, you are only given an amount of time to have the examinations, and if you failed to do so, you will forfeit all your rights to retake just the failed subjects. If forfeited, you have to retake all subjects again.
- If you failed two examinations, you have to take the refresher course before you can apply again for the examination.
Opportunities Available to a Certified Public Accountant
- 1Accounting Manager.Leadership roles in an accounting department normally requires licensed accountants. Therefore, if you are a Certified Public Accountant who has gained a considerable amount of experience in the accounting field, you have good chances of being able to get an Accounting Manager role.Advertisement
- 2Independent Certified Public Accountant.A good number of Certified Public Accountants also decide to just function independently where they act as a consultant for various companies. These types of people are not only Accountants, they are also more like business owners running their own consulting business. They would normally have more than one client in which they divide their time accordingly. The advantage of doing this kind of work is that you basically get the professional fee in full, instead of just getting a salary. You also have more opportunities to get yourself exposed in various industries, especially if your clients are coming from different industries. The downside, however, is that you are fully responsible for the satisfaction of your clients and that you are fully liable if there are any problems. You basically will have to do all of the work as well.Advertisement
- If you have problems with any of these steps, ask a question for more help, or post in the comments section below.
Categories : Accounting
Recent edits by: Charmed, Maria, Rose B