Becoming a Certified Public Accountant (CPA) is a significant milestone for many accounting professionals. In Florida, the path to CPA licensure involves a series of educational, examination, and experience requirements. This guide provides a detailed, step-by-step process to help you understand and navigate the journey to becoming a CPA in the Sunshine State.
Step 1: Meet the Educational Requirements
To become a CPA in Florida, you must meet specific educational criteria. Here’s what you need to do:
- Obtain a bachelor’s degree from an accredited college or university. The degree does not necessarily have to be in accounting, but you will need to complete a certain number of accounting and business courses.
- Florida requires CPA candidates to complete 150 semester hours of college coursework. This often means obtaining additional credits beyond a typical bachelor’s degree, such as through a master’s program or additional coursework.
- Within the 150 semester hours, you must complete:
- 36 semester hours in accounting courses above the elementary level, including auditing, financial accounting, cost accounting, and taxation.
- 39 semester hours in general business courses, including business law, ethics, and information systems.
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Step 2: Apply to Take the CPA Exam
Once you meet the educational requirements, the next step is to apply for the Uniform CPA Examination.
- Apply to the Florida Board of Accountancy (BOA) to determine your eligibility. You will need to provide transcripts and other documentation to verify your education.
- The application and examination fees can be substantial. Be prepared to pay for the initial application fee and the individual fees for each section of the CPA exam.
- After your application is approved, you will receive an NTS, which allows you to schedule your exam sections.
Step 3: Pass the Uniform CPA Examination
The Uniform CPA Exam consists of four sections, which you can take in any order:
- Covers auditing processes, ethics, and professional responsibilities.
- Focuses on business concepts, including corporate governance, economic concepts, financial management, and information technology.
- Involves financial accounting and reporting frameworks for businesses, not-for-profit organizations, and government entities.
- Encompasses ethics, professional and legal responsibilities, and federal taxation.
You must pass all four sections within an 18-month rolling period, achieving a score of at least 75 on each section.
Step 4: Gain Required Work Experience
In Florida, CPA candidates must complete relevant work experience to be eligible for licensure.
- You need at least one year (equivalent to 2,000 hours) of work experience in accounting. This experience must be verified by a licensed CPA.
- Your experience must be supervised and verified by an active, licensed CPA. The experience can be gained in public accounting, private industry, government, or academia.
Step 5: Apply for CPA Licensure
After passing the CPA exam and fulfilling the work experience requirement, you can apply for your CPA license.
- Apply through the Florida Department of Business and Professional Regulation (DBPR). You will need to provide proof of your education, exam scores, and work experience.
- There is a fee associated with applying for your CPA license. Ensure you include payment with your application.
- Florida requires candidates to pass an ethics exam, which focuses on professional conduct and ethical standards in the accounting profession.
Step 6: Maintain Your CPA License
Once you become a licensed CPA in Florida, you must adhere to continuing education requirements to maintain your license.
- Florida CPAs must complete 80 hours of CPE every two years, including four hours of ethics training.
- Renew your CPA license biennially through the DBPR. Ensure you meet the CPE requirements and pay the renewal fee to keep your license active.
Conclusion
Becoming a CPA in Florida is a rigorous process that requires dedication, education, and practical experience. By following this step-by-step guide, you can navigate the requirements and achieve your goal of becoming a licensed CPA. The journey may be challenging, but the rewards of a CPA designation, including increased career opportunities and professional recognition, make it a worthwhile endeavor.