Accounting Education Journey
It’s been 35 years since I initially pursued a degree in Accounting, but after switching to a different career, I’m ready to return to my passion and aim for my CPA. I’m wondering if I should re-enroll in Introductory Accounting I & II, or if I can skip ahead and dive into Intermediate I & II, Cost Accounting, and other advanced courses.
Quick Summary: Given the changes in accounting over the past 35 years, do you think it’s necessary for me to retake Principles I & II to effectively transition back into the field, or can I confidently jump into more advanced classes?
One response
It’s great to hear that you’re considering a return to Accounting and pursuing your CPA! Given that you studied Accounting 35 years ago, there have likely been significant changes in Accounting standards, technology, and practices since then. Here are a few things to consider when making your decision:
Changes in Accounting Standards: The adoption of principles like GAAP and IFRS, as well as changes in tax laws and financial reporting requirements, means that foundational knowledge has evolved. You might find that a refresher could help you understand the current landscape better.
Technology Advances: The accounting field has seen a massive shift towards digital tools, software, and data analytics. If you’re not familiar with these advancements, retaking introductory courses might give you a good grounding in how these tools are integrated into accounting practices today.
CPA Requirements: Before jumping into Intermediate courses, check the CPA requirements in your state or country. Some states may have specific prerequisites that could require a solid understanding of the basics.
Your Confidence and Background: Think about how comfortable you feel with financial concepts and numbers. If you believe your previous education has given you a decent foundation, you might be able to start with the intermediate courses. However, if you feel uncertain, starting with Intro I & II could boost your confidence and fill in any gaps.
Consult with Advisors: It could be beneficial to speak with academic advisors or professionals in the field. They might provide insights tailored to your specific situation and goals.
Ultimately, while it might be tempting to jump into more advanced courses, retaking the introductory courses could solidify your understanding and make your transition back to accounting smoother. Best of luck on your journey to becoming a CPA!