How to become an certified accountant in the United States (US)
Learn how to become a certified accountant in the US with our comprehensive guide. Get started on your career path today!?
Becoming a certified accountant in the United States (US) is a great career choice for those who enjoy working with numbers and analyzing financial data. To become a certified accountant, there are several formal requirements that must be met.
Firstly, you must obtain a bachelor's degree in accounting or a related field from an accredited college or university. This degree program should include courses in financial accounting, managerial accounting, taxation, auditing, and business law. Additionally, some states require a certain number of credit hours in ethics courses.
After obtaining a degree, you must then pass the Uniform CPA Exam, which is administered by the American Institute of Certified Public Accountants (AICPA). This exam consists of four sections: Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation.
Each section must be passed with a score of at least 75.
Once you have passed the CPA exam, you must then meet the experience requirements set by your state's Board of Accountancy. This typically involves working under the supervision of a licensed CPA for a certain number of hours, usually around 2,000 hours.
Finally, you must meet any additional requirements set by your state's Board of Accountancy, such as passing an ethics exam or completing continuing education courses.
To get approval for this job, you should contact your state's Board of Accountancy for specific information on the requirements and application process. It is important to note that each state has its own requirements for becoming a certified accountant, so it is important to research the requirements for the state in which you plan to practice.
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Key skills and competencies
To become a certified accountant in the US, there are several key skills and competencies that are essential. Firstly, a strong understanding of accounting principles and practices is crucial, as well as proficiency in financial analysis and reporting. Attention to detail and accuracy are also important, as accountants are responsible for ensuring the accuracy of financial records and reports. Additionally, strong communication skills are necessary, as accountants often work with clients and colleagues to provide financial advice and guidance. Finally, proficiency in accounting software and technology is becoming increasingly important in the field. By developing these skills and competencies, aspiring accountants can position themselves for success in this rewarding and challenging profession.
Local salary expectations or estimates
As a certified accountant in the United States, you can expect to earn a competitive salary. According to the Bureau of Labor Statistics, the median annual wage for accountants and auditors was $73,560 in May 2019. However, salaries can vary depending on factors such as location, industry, and experience. For example, accountants working in the finance and insurance industry tend to earn higher salaries than those in other industries. Additionally, accountants working in major metropolitan areas such as New York City or San Francisco can expect higher salaries due to the higher cost of living. Overall, becoming a certified accountant in the US can lead to a rewarding and financially stable career.