10. Job Hunt Resources Visit your Career Services office Resume Work with the professionals to develop a quality resume. Have multiple people review your resume and cover letter. Interview Prep Schedule a time for practice interviews Research the firm/company Have questions prepared
20. Eligibility All first-time applicants applying for the Uniform CPA Exam in Indiana must meet one of the following requirements; Earned one hundred and fifty (150) semester hours in general education which must include; a. a graduate degree from a college or university that is accredited by an accrediting organization recognized by the board, and completed: b. at least twenty-four (24) semester hours in accounting at the undergraduate level or fifteen (15) semester hours in accounting at the graduate level or an equivalent combination thereof which must include courses covering the following subjects; • financial accounting, • auditing, • taxation, • managerial accounting; and c. at least twenty-four (24) semester hours in business administration and economics courses, other than accounting courses, at the undergraduate or graduate level. • up to six (6) semester hours of business and tax law courses • up to six (6) semester hours of computer science courses. 2. Earned one hundred and fifty (150) semester hours in general education which must include; a. a baccalaureate degree from a college or university that is accredited by an accrediting organization recognized by the board; and completed: b. at least twenty-four (24) semester hours in accounting at the undergraduate or graduate level which must include courses covering the following subjects; • financial accounting, • auditing, • taxation, • managerial accounting; and c. at least twenty-four (24) semester hours in business administration and economics courses other than accounting courses. • up to six (6) semester hours of business and tax law courses • up to six (6) semester hours of computer science courses.
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22. You must submit proof to CPA Exam Services that you have met the 150 credit hour requirement no later than 60 days immediately following the end of the window in which the candidate sits for the examination.
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24. Materials to Be Submitted First-time Applicants are required to submit the following to CPA Examination Services (CPAES). 1) Completed, signed first-time paper application, if applicable. 2) Payment document for application and examination fees. • Certified check or money order made payable to CPA Examination Services. • Credit card form (attached at the end of this application) • Notate your name and sections to be taken in the “Memo” section. Official transcript(s). Certificate of Enrollment, if applicable. Foreign Evaluation, if applicable. ADA Accommodation Form, if applicable. Applicants are advised to request submission of all forms to CPAES prior to applying for the examination.
26. October & November January & February April & May July & August Exam Testing Windows
27. Changes to the Exam CBT-e launchedJan. 1, 2011 Simulations: Old: 2 long simulations in AUD, FAR & REG New: 6-7 Task-Based Simulations in each section Constructed Response: Old: 2 essays in AUD, FAR & REG. New: 0 essays in AUD, FAR & REG
28. Changes to the Exam Section Length: AUD shortened 30 minutes (4hrs) BEC lengthened 30 minutes (3hrs) FAR (4hrs) REG (3hrs) New calculator and improved spreadsheets One new research item type Scoring: More emphasis on skills
37. Entry-level CPAs will need to be “bilingual” and able to work under both US GAAP and IFRS
38. Content on the Exam will likely include both US GAAP and IFRS for some timeNeed to be “Bilingual”
39. Sample IFRS Question Under IFRS, when an entity chooses the revaluation model as its accounting policy for measuring property, plant and equipment, which of the following statements is correct? A) When an asset is revalued, the entire class of property, plant and equipment to which that asset belongs must be revalued. B) When an asset is revalued, individual assets within a class of property, plant and equipment to which that asset belongs can be revalued. C) Revaluations of property, plant and equipment must be made at least every three years. D) Increases in an asset’s carrying value as a result of the first revaluation must be recognized as a component of profit or loss. A
