To become a Certified Public Accountant (CPA) in New York with just a bachelor’s degree in Accounting, you’ll need to carefully navigate the state’s specific requirements. Here’s a detailed plan to achieve this:
Educational Requirements: New York requires CPA candidates to have 150 semester hours of education in Accounting. While a bachelor’s degree typically includes 120 semester hours, you’ll need an additional 30 semester hours, which can be obtained through further undergraduate coursework without necessarily earning a master’s degree. Alternatively, you can meet the educational requirement by combining undergraduate and graduate courses to reach the 150-hour threshold, but a master’s degree itself is not mandatory.
Accounting Coursework: Ensure that your 150 semester hours include at least 33 semester hours in accounting courses. These courses should cover financial accounting, auditing, taxation, and cost and managerial accounting.
Business Coursework: Additionally, you need to have at least 36 semester hours in general business courses. These typically include business law, business ethics, and other business-related subjects.
Pass the Uniform CPA Exam: You must pass all four sections of the CPA Exam: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Preparation courses and self-study materials can be significantly helpful in preparing for this rigorous exam.
Gain Professional Experience: New York requires CPA candidates to have at least one year of full-time work experience, or the part-time equivalent, in accounting. This experience should be under the supervision of a licensed CPA and involve providing financial, auditing, or tax services.
Apply for the CPA License: Once you have completed your education, passed the CPA Exam, and fulfilled the experience requirement, you can apply for your CPA license through the New York State Education Department.
Follow Continuing Education Requirements: After becoming licensed, maintain your CPA license by meeting New York’s continuing education requirements. This includes completing 40 hours of continuing professional education (CPE) each year.
By fulfilling these requirements, you can become a CPA in New York without a master’s degree, using your bachelor’s degree as the foundation for your accounting education and career.
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