CPA. Certified Public Accountant. Handbook

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Certified Public Accountant



Certified Public Accountant

What is a CPA

A CPA is a certified public accountant who is licensed by a state board of accountancy. To earn the prestige associated with the CPA license, you are

required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are

passing the Uniform CPA Exam and meeting licensing requirements in the state

where you want to practice.

Becoming a CPA

3 E’s are required for licensure

• Have a bachelor's degree or higher • Requirements vary by state/jurisdiction


• Pass all 4 exams

• Eligibility to sit for exam depends on state


• Many states require the candidate to have 1 – 2 years experience under a CPA


Prestige and Respect

Career Development

Career Security

Money and Benefits

Job Satisfaction and Variety

Why get licensed?

The CPA license is a symbol to the public that an accountant has mastered the vital elements of the profession.

A CPA license is a high standard recognized by employers and their clients, governments and the public as an assurance of skill, dedication and quality. In today’s business world, a CPA represents a trusted voice in business and financial consulting and is a sought-after commodity among all walks of professional


The AICPA does not license CPAs. The licensing authority and requirements for CPAs falls under the jurisdiction of the Board of Accountancy for the state, district, or country in which a CPA practices.

Five popular reasons for earning a CPA




NGO Public/Privat Company

Accounting Firms



Increase Confidence Recognition in an Elite group


IT Financial Planning Tax Accounting Estate Planning Management Auditing

Why and Who Should Apply for the CPA

The CPA examination is the most established and recognized professional accounting designation. The benefits include:

The opportunities available to a CPA are positions in:


Pay Application and Examination Fees

Taking the examination involves two categories of required fees that are to be paid either to your board of accountancy or to NASBA. The required sections are as follows:

o Application Fee: This fee is established by and paid to your board of accountancy or its designated agent.

o Examination Fee: The amount of this fee depends on the section of the examination and is paid either to your board of accountancy, its designated agent or to NASBA.

o Examination fees are established by boards of accountancy, NASBA, the AICPA and Prometric.

o Note: You must pay additional fees for each examination section you plan to take internationally upon registration, regardless of which board of

accountancy has declared you eligible for the examination.

• International Administration of the CPA


The CPA Examination application process is basically the same for U.S. and

international candidates. In order to qualify to take the CPA Examination outside the U.S., candidates will have to establish their eligibility through a State Board participating in the International CPA Examination Administration program. Prospective candidates must select the participating U.S. jurisdiction to which they will apply, contact the Board of Accountancy in that jurisdiction to obtain application materials, submit completed applications and required fees as- instructed, and once deemed qualified, register for the examination. After


FAR: Financial Accounting and Reporting

REG: Regulations

AUD: Auditing and Attestation

BEC: Business Enviroment and Concepts

The CPA Curriculum

• Examination Length and Formats

*Passing score is 75 on a 0-99 scale for each exam.


Join the CPA Courses Now at


 Course Schedule: Once a week from 6:00 PM till 9:00 PM

 Course Location: Milestones Head Office, Antelias

 Course Duration: 30-32 weeks

 Exam Location: Amideast, Beirut, Down Town

 Testing Windows:

1. January 1 – February 28 (29) 2. April 1 – May 31

3. July 1 – August 31

4. October 1 – November 30

You can take any or all sections of the examination during any testing window and in any order. However, you may not take the same section more than once during any one testing window.

Gleim CPA Materials

1. The Gleim System for Success -- Our System for Success helps you develop and implement a system for success for the CPA exam.


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4. Helps you understand why you answer practice CPA questions incorrectly -- Gleim helps you to avoid making mistakes on the actual exam. Most candidates are overly concerned with the correct answers, whereas understanding why each incorrect answer was selected is the key to

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