Cpa Continuing Professional Education

Published on February 2017 | Categories: Documents | Downloads: 68 | Comments: 0 | Views: 303
of x
Download PDF   Embed   Report

Comments

Content

Homeâ–ºcontinuing-professional-education

Get Ahead in the Numbers Game with CPE "I don't think much of a man who is not wiser today than he was yesterday." This was one of the most unforgettable quips of legendary statesman Abraham Lincoln. In the discipline of accountancy, this can be taken further for NASBA to say: "We won't renew the licenses of CPAs who are not wiser today than they were yesterday." Indeed, being a CPA is a lifelong commitment to non-stop learning. Requiring CPAs to commit to a continuing professional education (CPE) gives NASBA the highest form of guarantee that the discipline is carried out using the best standards and employing the highest form of integrity among practitioners. Backed by years of experience in providing high quality coursesin accounting continuing education and our passion to help CPAs stay at the forefront of their career, we can help CPAs meet their CPE units in unparalleled value, quality and convenience. CPA Continuing Education The discipline of accountancy is defined by the constant creation of new bodies of knowledge, continuous evolution and growth and ever-increasing sophistication and intricacy. Every day, new policies are made, best practices are discovered and new issues demand to be met. All these are critical information every CPAought to be aware of. While fundamentals and core concepts remain the same, More than anything else, CPA continuing professional education ensures that the interests of the public are safeguarded. The designation "Certified Public Accountant" is a privileged as much as it is a right and the NASBA imposes the CPE to preserve the people's utmost trust and confidence in the profession. To do this, the CPA license is not perpetual. It actually has a very short life - three years to be exact. After which, a CPA needs to renew this right and privilege. In an ideal world, every CPA would see the value of CPE. But then again, this is not an ideal world. Some consider it unnecessary (why do I need to learn if I am already practicing?). Some consider it as a hassle (do you think I'm not busy enough?). At the end of the day, a CPA's perspective is a test of his or her love, passion and dedication to the profession. CPA Continuing Education Requirements
Finance

Search

Accounting Administrative Practice Auditing Behavioral Ethics Business Law Business Mgmt & Org'n Communications Computer Science

The number of required CPE hours variesfrom state to state, depending on the state board's license renewal cycle and credits documenting and reporting period. On the average, most state licensing organizations mandate CPAs to acquire 80 hours over a two years or 120 hours over three years, with at least 20 hours earned per year. Earning these CPE credits is not optional but a requirement for CPAs to continue practicing. It's pretty simple: no CPE, no license renewal. Accountancy state boards also implement different guidelines when it comes to the composition of their continuing education requirements. For example, California requires its CPAs to take at least 40 hours of technical CPE courses in a single reporting timeframe while New York limits CPE approved subject areas to accounting, auditing, taxation, advisory services, specialized knowledge and applications related to specialized industries. There are also prescribed channels in which CPAs can get their CPE credits, as well as ceilings to the number of hours that can be earned for each method. The California state board puts a 25% or 20 hour cap for CPE hours which can be earned thru writing instructional materials, books and journal articles. In District of Columbia, the state board limits the percentage of CPE credits which can be acquired through Committee Lunch/Dinner meetings to 25%. It is important to note that the accepted methods in which a CPA can earn his or her CPE hoursfrom one state may not be the same with the others, so it is best for accountants to constantly check with their state boards to remain in the loop for any changes and updates in policies. Further, state boards also require supporting documents to prove that a CPA has indeed earned the declared CPE credits. Accounting continuing education courses The NASBA standards for continuing professional education programs require that courses should be classified according to the knowledge levels they serve. There are currently five knowledge levels namely (1) basic; (2) intermediate; (3) advanced; (4) overview; (5) update. At first glance, you already know which topics will match your degree of proficiency in a specific topic. The CPE courses we offer were crafted by experts in the field so you are ensured that the topics are of interest to CPAs. The accountancy landscape has evolved beyond balance sheets and ledgers. Naturally, the courses offered for CPE credits have become more diverse and interesting. For instance, courses surrounding ethics is gaining popularity as the world of business moves towards more responsible practices. Today, ethics courses are required by many state boards. CPAs holding leadership or executive positions will surely find modules on change management and effective communication very engaging. What about globalization? How will it affect the discipline of accountancy? Depending on the state where a CPA is practicing, there are still the mandatory technical courses such as auditing, finance and taxation.

Mgmt Advisory Services Marketing Mathematics Personal Development Personnel/HR Production Social Environment Specialized Knowledge Statistics

The courses we offer are sanctioned by NASBA as a sponsor of CPE and are included on the National Registry of CPE Sponsors.Once a CPAhas completed a course, he or she can easily print a NASBA CPE certificate straight from the CPE Account Learning Portal and this is already accepted proof of earned CPE credits. Continuing professional education for AICPA members Aside from state boards, CPA organizations also require their members to complete a set of CPE mandatories to maintain their active membership status. One of these is the American Institute of CPAs (AICPA). With almost 377,000 active members hailing from 128 countries, it is the largest accountancy organization and is currently celebrating its 125th founding anniversary. The AICPA requires its member to complete at least 120 CPE hours over a three-year reporting period which commences the year succeeding a CPA's acceptance into the organization. There are accepted programs which include in-house training sessions, trade organization meetings, university or college programs and CPE accredited sponsors. The AICPA does not dictate which subject areas these CPE hours should come from. A CPA reports his or her earned CPE units by paying the obligatory annual dues. The AICPA champions technical and ethical standards in the practice of the accounting profession and expects its members to do the same by completing their CPE hours. A CPA can easily retain his or her AICPA membership by taking our NASBA accredited online courses.Enrolling is as easy as shopping in Amazon or eBay. By enrolling in one of our expertly crafted, NASBA-approved and highly endorsed CPE course, a CPA can earn his or her CPE units without the extra hours spent on physically enrolling for a class, traveling or commuting and other time consuming side activities. Effectiveness of mandatory continuing professional education We are taking the meaning of CPE further - Continuing Enlightenment Education. It is only through a CPA's awareness that the world around him or her is shifting that he or she will fully appreciate the value of CPE. Without it, the discipline of accountancy and its practitioners will remain stagnant and new knowledge will be limited to a select few. Through CPE, accountants are given equal footing to be the best they can be. NASBA described the constant shift in the field of accountancy as an "explosion of relevant knowledge, ongoing changes and expansion, and increasing complexity" (Statement on Standards for Continuing Professional Education (CPE) Programs; July 2012). At the end of the day, CPAs are accountable to the public and a number of critical informationthat holds public interest depends on the accuracy of their work. No accountant, no matter how brilliant he or she is, can give justice to the profession without knowing the latest changes in policies and practices.

Copyright © 2012 CPE Training Online [email protected]

Sponsor Documents

Or use your account on DocShare.tips

Hide

Forgot your password?

Or register your new account on DocShare.tips

Hide

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close