Search thousands of topics on CostHelper.com

BROWSE ALL TOPICS >> appliances babies & children  cars  consumer electronics health & personal care home & garden personal finance  pets  schools small business weddings
CostHelper > Schools & Job Training  > Becoming a CPA

Becoming a CPA Cost


How Much Does Becoming a CPA Cost?

 
low costApplication Fees: $30-$200average costExam Fees: $800-$1,000high costExam Review Courses: $70-$4,000
post E-mail post Post  

A CPA is a certified public accountant who is licensed by the state. An individual seeking CPA licensure should hold a bachelor's degree in accounting and is often expected to have worked professionally in public accounting. After studying for and passing the CPA exam, a candidate must meet his or her state's additional requirements for certification before receiving a CPA license.

Typical costs:

  • Application fees for CPA license candidates are typically $30-$200. For example, first-time applicants in Ohio[1] pay $140 for the application fee, which is separate from any examination fees.
  • CPA exam fees are typically $800-$1,000. The fees in Alabama[2] are $850 for all four parts, for example.
  • Ethics exam fees are typically range $75-$130. Separate from the CPA exam, the ethics exam is a self-administered course and exam required by most states. For example, in Minnesota[3] , the ethics exam is called Professional Ethics: The AICPA's Comprehensive Course and costs $105 for members of the American Institute of CPAs and $130 for non-members. The fee includes a self-study course for the exam, which can be completed online. California[4] CPA candidates can take the Professional Ethics for CPAs (PETH) course and exam for $125 for members or $150 for non-members.
  • Review courses for the CPA exam typically cost $70-$200 for a self-study book or software course. More expensive self-study or interactive college courses may cost $1,000-$4,000. For example, the CPA Ready[5] software by Bisk costs $100. The self-study Becker CPA Review Course[6] costs $3,245 for all four parts of the exam.
  • Licensing fees for the CPA certificate are typically $30-$400, and they must be paid after an applicant has passed the exams. In most states, accountants can still work in the profession without this license, but they will not be able to use the term certified public accountant and this may limit their advancement in the field. In New York[7] , the fee for a CPA license is $377. CPA applicants in Connecticut can expect to pay $75 for a one-year license; the equivalent license in Florida[8] costs $50.
Related articles: College, MBA, Career Counseling, Life or Business Coach

What should be included:
  • Requirements for becoming a CPA vary by the state in which the accountant applies. According to the American Institute of CPAs[9] , most states require a bachelor's degree plus two years of public accounting experience. Other requirements vary, although all states use the same Uniform CPA Exam. For example, CPAs in California[10] must have at least a bachelor's degree with 24 semesters credits each in accounting and business-related subjects, and 150 semester credits total. They also must pass the Uniform CPA Exam and an ethics course, as well as have one year of general accounting job experience under supervision of a licensed CPA.
  • The Uniform CPA Exam[11] is made up of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The four sections require 14 total hours of testing, but they do not have to be taken all at once.
Additional costs:
  • CPA licenses must typically be renewed annually for about $100-$400 or more. In Connecticut, for example, license renewal costs $450. In Florida[12] , annual renewal costs of $105.
  • A bachelor's degree in accounting is necessary to become a CPA. According to the non-profit organization College Board[13] , the average cost of attending a four-year public college is $7,605 per year (in-state) or $11,990 (out-of-state) for tuition and fees. At a private college, that cost would be an average of $27,293 per year for tuition and fees.
Discounts:
  • Members of professional accounting associations may be eligible for discounts on CPA review courses. For example, members of the West Virginia Society for Certified Public Accountants[14] may receive discounts of about 30% on study guides and other books.
Shopping for becoming a cpa:
  • Information about state fees and requirements for CPA licensure are available at the National Association of State Boards of Accountancy[15] .
  • CPA exam review software is available for those who prefer to study course material on their own rather than take a class. Monster reviews[16] nine brands of CPA software including prices for each.
  • The Minnesota Society of Certified Public Accountants lists tips for passing the CPA exam[17] . The organization recommends applying to sit for the exam as soon as possible after graduation. Among states that require candidates to have work experience in public accounting before taking the exam, the minimum time range is usually 6 months to 2 years of field experience.
post E-mail post Post  
CostHelper News


Forgotten Expenses In a Home Addition Budget
Items like construction costs, permit fees or debris removal aren't the only expenses to consider when calculating the total costs of a home remodeling project. || Posted August 5 2013


7 Ways to Stretch Your Reduced Food Budget
End of the year budgets are tight for everyone, especially in this economy.It's especially hard for the millions of Americans who depend on government programs like food stamps to help make ends meet. || Posted November 11 2013

‣ All CostHelper Blog Posts


What People Are Paying - Recent Comments


 

Comment On Your Experience With Becoming a CPA
 
Subject:  *
Amount Spent:  *
Type of Review Course:   
Comments: 
Purchased:  Year: 
City:  * State:  *
 
Information about you:
Email:  * Email addresses are not displayed.
Name:  This is the name we'll display with your post.
me on this computer
*=required field.
 



External Resources:
  1.  nasba.org/exams/cpaexam/ohio/
  2.  www.asbpa.alabama.gov/Fees.htm
  3.  www.mncpa.org/cpa-exam/exam-facts/ethics-exam.aspx
  4.  www.calcpa.org/Public/Products/ProductDetails.aspx?ProductID=PETHOL10
  5.  www.amazon.com/CPA-Version-4-Section-Multimedia-Software/dp/B000W0NMMG/
  6.  www.becker.com/accounting/cpaexamreview/courses/pricing-discounts/index.cfm
  7.  www.op.nysed.gov/prof/cpa/cpalic.htm
  8.  www.myfloridalicense.com/dbpr/cpa/renew.html
  9.  www.aicpa.org/BecomeACPA/Licensure/Pages/default.aspx
  10.  www.calcpa.org/content/licensure/requirements.aspx
  11.  www.aicpa.org/BecomeACPA/CPAExam/ExamOverview/PurposeandStructure/Pages/default.aspx
  12.  www.myfloridalicense.com/dbpr/cpa/renew.html
  13.  /bigfuture.collegeboard.org/pay-for-college/college-costs/college-costs-faqs
  14.  /secure.wvscpa.org/membership/member_benefits
  15.  nasba.org/stateboards/
  16.  college.monster.com/training/articles/825-top-9-cpa-exam-review-programs
  17.  www.mncpa.org/cpa-exam/cpa-exam-tips.aspx
More Schools & Job Training Topics
Check Out All Costs for Schools & Job Training How Much Does Auto Mechanic Training Cost? How Much Does High School Cost? How Much Does Welding Training Cost?

Search Thousands of Topics on CostHelper.com




Today's Featured Cost Articles

About CostHelper
CostHelper is based in Silicon Valley and provides consumers with unbiased price information about thousands of goods and services. Our writers are experienced journalists who adhere to our strict editorial ethics policy.

CostHelper Community
Annual termite renewal
Paid: 313.93
A local company treated our 1948 era house for termites many years ago and we had an annual contract with them that transferred to Terminix when they bought the local company... [more]
-monicafaye
Termite Control Cost
OB Ultrasound Indiana University Health
Paid: 3699.00
I tested low on my biochemicals when I had a quad screen, which I think was taken a little too early anyway... [more]
-One Angry Momma
Ultrasound Cost
1st fill
Paid: 1.90
Just did a 400 gal fill at $1.899 which I didn't think was too bad considering some of the other prices I've heard about. This is my first house that has used propane and I am real nervous about costs... [more]
-Bluespicker
Propane Cost
Replace system with TRane XR13 coil and condensor
Paid: 6330.00
Replaced 15 year old 4ton system and gas/airflow condensor, whole system less duct work, new pans... [more]
-
Central Air Conditioner Cost
Filling
Paid: 75.00
Had to have 3 pin hole cavities filled. Two on top and one on the bottom.Total cost was $325, but after paying my deductible of $75, my dental insurance (BCBS of Texas Blue Care Dental) took care of the remaining balance of $250... [more]
-Morgan Davies
Cavity Filling Cost
Declawing
Paid: 160.00
All of our cats have been altered with sterilization. The latest cost $160. What I didn't know until too late was the adverse long-term effects ( endocrine complications) of sterilization... [more]
-AGracious
Cat Declawing Cost