Preview

Texas CPA Report V2

Powerful Essays
Open Document
Open Document
2098 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Texas CPA Report V2
BECOMING A TEXAS CPA

TABLE OF CONTENTS

EXECUTIVE SUMMARY ………………………………………………………………......i

INTRODUCTION ……………………………………………………………………….…...1

BECOMING A TEXAS CPA ………………………………………………………………..1

TEXAS UNIFORM CPA EXAM ………….…………………………………………….…..1

Requirements and Application to Sit ...……………….………………….……….…..1

Topics and Structure …………………………….……………………………………3

Rules, Testing Windows, and Sites ………….……………………………………….4

CPA EXAM PREPARATION ………………….……………………………………………4

ADDITIONAL REQUIREMENTS …………….……………………………………………5

CONCLUSION ………………………………………………………………………………5

APPENDIX A ...………………………………………………………………………….…..6

BIBLIOGRAPHY ......………………………………………………………………………..7

EXECUTIVE SUMMARY

This report provides the requirements and steps to become a Certified Public Accountant (CPA) in Texas. In addition, it addresses the requirements to apply for and sit for the Texas Uniform CPA Exam, which details the topics covered and the structure of the exam. The report presents the rules, sites, and testing windows under which the exam can be taken. It also discusses the resources available in preparation for the exam. Finally, it includes the additional requirements to become a Texas CPA once a candidate passes the exam.

The Texas State Boards of Accountancy determines the laws and rules for becoming a CPA in the state of Texas. The candidates who meet specific eligibility requirements will be issued certificates to practice public accountancy within the state. These requirements include the following:

Be of good moral character.
Meet the education requirements.
Pass the CPA exam.
Meet work experience requirements.
Pass an exam on the Board’s Rules of Professional Conduct.

In order to sit for the CPA exam, the first two points mentioned above must be met by the applicant. An Application of Intent must be submitted where the applicant must verify that they are of good moral character and that they meet the education requirements.



Bibliography: “Examination Content.” AICPA. Web. 11 October 2014. <http://www.aicpa.org/BECOMEACPA/CPAEXAM/EXAMINATIONCONTENT/Pages/default.aspx>. “CPA Review.” Becker Professional Education. Web. 11 October 2014. <http://www.becker.com/cpa-review/whybecker/difference/becker-promise-policy>. “Exam/Qualifications.” Texas State Board of Public Accountancy. Web. 11 October 2014. <http://www.tsbpa.state.tx.us/exam-qualification/examination-overview.html>. “Wiley CPAexcel.” Wiley Efficient Learning. Web. 11 October 2014. <http://www.efficientlearning.com/wileycpaexcel/cpa-resources/getting-started/free-trial>.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Ch 28 Question CPA Law

    • 284 Words
    • 1 Page

    Joseph Bitter and two brothers, Joseph Smith and Steve Smith, became good friends. As a result of their friendship, they decided to go into the tavern business together. The parties bought an existing tavern and took title in the name of their corporation; Gomer’s Inc. Soon the brothers began feuding with bitter and because of their combined two-thirds interest, assumed virtual control of the business. In response bitter claimed that he and the brothers (the promoters) not the corporation held title to the real state. He claimed that Gomer’s Inc., could not own the building because the corporation was not yet in existence when the contract was made. Do the promoters, rather than the corporation, own the building?…

    • 284 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Cited: Booker, Q. (2013). Education and Experience Requirements to Become a CPA. CPA Journal, 61.…

    • 1175 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    What does the balance sheet tell you about the company? Why is the balance sheet important? What business decisions could be made using the balance sheet?…

    • 491 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Acc 555 Week 2

    • 636 Words
    • 3 Pages

    D) The SEC and PCAOB rules allow CPA’s to provide tax services for audit client, except or tax services for company executives who oversee financial reporting, and tax avoiding planning services.…

    • 636 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The auditor must have adequate technical training and proficiency to perform the audit. | Jones, CPA hired to students that did not have any experience. |…

    • 547 Words
    • 3 Pages
    Good Essays
  • Good Essays

    According to the fact of this case, Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary, and both of them all nonpublic companies. However, in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then, Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the bidding process in May 2009, Poor Son and OtherCo, the winning sponsor, filed a joint plan of reorganization to the bankruptcy court, but the plan was rescinded by OtherCo later due to significant market value shrink of Poor Son. After that, the bankruptcy court reopened the bidding process and recommended Parent’s plan of reorganization in August 2010. Finally, Parent received final confirmation of Poor Son’s plan.…

    • 615 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In the Annual Report, there are several concerns from management. Discuss these concerns, and identify other weaknesses not discussed by management. Then, recommend a course of action addressing these concerns.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Cpa Handbook

    • 6630 Words
    • 27 Pages

    UNIFORM CPA EXAMINATION HANDBOOK CALIFORNIA BOARD OF ACCOUNTANCY EXAMINATION UNIT 2000 Evergreen Street, Suite 250 Sacramento, CA 95815 Telephone: (916) 561-1703 Facsimile: (916) 263-3677 Web: www.cba.ca.gov CONTACT INFORMATION California Board of Accountancy 2000 Evergreen Street, Suite 250 Sacramento, CA 95815-3832 Main Telephone: (916) 263-3680 Fax: (916) 236-3675 Web site: www.cba.ca.gov CBA Outreach E-mail: outreach@cba.ca.gov Certifications Telephone: (916) 561-1701 Enforcement (Filing a Complaint, Enforcement Actions)…

    • 6630 Words
    • 27 Pages
    Powerful Essays
  • Good Essays

    Accounting are the center of business operations of all kinds. It is a degree that let you do just about anything you want in the business world. Accountants work with businesses to develop business and information systems strategies. It extends to all the other, is to prepare and examine financial records. They make sure that records are accurate and that Texas are paid properly and on time. They study of how business track their income and assets overtime. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transaction. Accountants and auditors perform overview of the financial operations of a business in order to help it run efficiently. “First-year general accountants for a midsize company earn $20.25 to $25.65 per hour or $38,500 to $49,250 annually.”” A cost accountant working for a midsize company can expect to earn $21.48 to $26.69 per hour, or $41,250 to $51,250 annually.” An accountants is perfectly positioned to become a CFO, because he or she probably has the best understanding of what drivers business and profits in a company. The basics of how a business works will be learned. The field of accounting offers stimulating and challenging work that is constantly evolving. The information systems is the collection, storage and processing of financial and accounting data used by internal users to report information to investors. The accountants should record and report on accounting transactions from a neutral perspective. Professional accountants in business are an important critical mass in the global accountaricy profession. Their responses often mention rules such as tax agents and independent auditors. The degree plan for accountants, the MPA degree for West Texas A&M University can be earned in two ways. The traditional degree is a master degree earned after completing a bachelor’s…

    • 926 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The American Institute of Certified Public Accountants (AICPA) was founded in 1887, the AICPA represents the AICPA represents all Certified Public Accounts (CPA) nationally regarding rules and regulations and also serves as advocate to public interest groups and other professional organizations. The AICPA develops standards regulations, educates its members on various directions, monitors and enforces compliance and ethical standards.…

    • 498 Words
    • 2 Pages
    Powerful Essays
  • Good Essays

    Cpa Research Paper

    • 441 Words
    • 2 Pages

    CPAs are required to obtain a bachelor's degree in business administration, finance or accounting. CPAs are also required to complete 150 hours of education and have no less than two years public accounting experience. CPAs must pass a certification exam, and certification requirements vary by state. Additionally, CPAs must complete a specific number of continuing hours of education yearly.…

    • 441 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Adjusting Entries

    • 14044 Words
    • 57 Pages

    ABSTRACT: Recent accounting scandals have emphasized the need to think beyond debits and credits. Accounting students must understand the effects of transactions on a company’s financial position, as well as the pressures and incentives they will someday face to misrepresent that position. This case introduces students in intermediate financial accounting courses to both of these important objectives. First, the case improves students’ critical thinking skills in accounting by allowing them to determine if various correcting entries should be made, and what the effects of those transactions will be on the company’s financial statements. Second, the case improves students’ ability to evaluate ethical consequences by introducing them to conflicting incentives regarding those corrections: the obligation to provide investors with high-quality financial statements that fairly present the company’s financial position versus the pressure to maintain a high stock price for investors. The case may be completed using either U.S. GAAP or IFRS. Keywords: adjusting entries; financial statement adjustments; accounting cycle; ratio analysis; IFRS.…

    • 14044 Words
    • 57 Pages
    Powerful Essays
  • Good Essays

    Nebraska has been on the fence for quite a while when it comes to the death penalty. Now the time has come for the state to decide if the death penalty should be reintroduced as the maximum punishment. I say yes it should. Nebraska is questioning the death penalty because it is believed to be a cruel and unusual punishment, but let me ask you this. Do you think that the criminals that receive the death penalty cared about the form of cruel and unusual punishment that they put their victims through? No, they did not. These villains didn’t care about how their victims felt as they enjoyed the sick feeling of satisfaction from the sound of their victims screams for mercy. The felons that deserve the death penalty and don’t receive it have a chance of showing up on Nebraska’s streets to continue with their fixation. Nebraska’s law enforcers today have the technology and resources to eliminate the chances of convicting the wrong person. These heartless slaughterers are a threat to everyone’s livelihood. Having Nebraska’s courts reintroduce the death penalty decreases the crime rate, frees up space in Nebraska’s over-crowding prisons, and eradicates the chances of killers from seeing the streets again.…

    • 967 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    CPAs must get involved with current affairs to staying current with regulations and standards and social, economic, technological and political trends domestically and abroad. As well as develop interpersonal skills to enhance relationships with colleagues, clients, businesses and employers. Real-time learning and current tutorials in the workplace will change the way CPAs learn and will help them adopt and adapt quickly and knowledgeably to ever-changing circumstances. New CPAs must remain rigorous and demanding and be practical and relevant. New CPAs must have a broad knowledge of business and soft skills and not simply focus on technical accounting.…

    • 718 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    In recent years, nearly every desert United State has been facing a massive water shortage. In 2010, most of California entered a crisis described as an “extreme to exceptional drought,” a crisis has caused cities and towns to cut water use by as much as 36 percent. Laws have been put in place to limit the length of time and days during which citizens can water their lawns, and said citizens are encouraged to switch to fake-lawns and plant-life that require little water like cacti.…

    • 620 Words
    • 3 Pages
    Good Essays