The CPA Exam is prepared by the AICPA and administered all across the United States and its jurisdictions. Each U.S. state has its own board of accountancy that administers the licensing function. For instance, if you desire to work in New York, the New York Board of Accountancy will determine your requirements for licensure, issue your license to practice, and supply your CPA certificate. The requirements do vary state-by-state. Please be sure to check with your state's board of accountancy for its requirements to sit for the exam and to then become licensed after your pass the exam.

 

 The following is tested on the CPA Exam:

 1. Auditing and Attestation (AUD)

This section covers knowledge of auditing procedures generally accepted auditing standards and other standards related to attest engagements, ethics, and the skills needed to apply that knowledge.

2. Business Environment and Concept (BEC)

This section covers knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, and the skills needed to apply that knowledge.

3. Financial Accounting and Reporting (FAR)

This section covers knowledge of GAAP for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge.

4. Regulation (REG)

This section covers knowledge of federal taxation, ethics in tax practice, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge.

Section Coverage

CPA Exam FAQs

150 Hour Requirement

In Pennsylvania, to receive a CPA license under the 150-hour rule, students need (Per PICPA):

  • 120 credit hours to sit for the exam
    • Including 24 credit hours in accounting
  • Must obtain 150 credit hours of education to receive certificate
    • Including 36 credit hours in accounting subjects
  • One Year (1,600 hours) of work experience through employment in government, industry, academia, or public practice within 5 years of the date of certification application. Work experience includes:
    • Accounting
    • Attest
    • Compilation
    • Consulting
    • Financial Advisory
    • Tax

Options to Acquire the 150 Hours

  1. SJU Accounting curriculum currently requires 40 courses. Students could take ten additional 3-credit courses to bring you up to 150 credit hours.
  2. Take the ten additional 3 credit-courses at any certified community college.
  3. SJU currently offers a graduate option: the professional MBA program
  4. SJU currently offers a Master of Science in Financial Services

150 Hour Requirement FAQ

Additional Resources: