How Long Does it Take to Become a Professional Accountant

What are the educational requirements to become a professional accountant?

To become a professional accountant, a minimum educational requirement is a bachelor’s degree in accounting or a related field. This typically takes four years of full-time study. However, a master’s degree is becoming increasingly desirable in the field, which would extend the education period by an additional two years.

What are the professional certifications required to become a professional accountant?

After completing the educational requirements, individuals typically pursue professional certifications such as the Certified Public Accountant (CPA) credential. To obtain a CPA certification, candidates must pass the Uniform CPA Examination. The preparation for the CPA exam generally takes several months of intense study and dedication.

How long does it take to pass the CPA exam?

The duration to pass the CPA exam varies from individual to individual. The exam consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). On average, candidates need approximately 18 months to complete all the sections successfully. However, some students may take longer depending on personal commitments, study methods, and the number of exam attempts required.

What are the experience requirements to become a professional accountant?

Apart from educational qualifications, aspiring accountants also need to fulfill experience requirements. Most jurisdictions require candidates to have at least two years of experience in public accounting or relevant fields. This experience can be gained by working in accounting firms or corporate accounting departments, providing financial consulting, or performing audits under the supervision of a professional accountant.

How long does it take to gain the necessary experience?

The duration to gain the required experience varies based on the individual’s employment circumstances and opportunities available. On average, it takes around two years to accumulate the necessary experience to meet eligibility criteria as per jurisdiction requirements. However, it is essential to consider that career advancement may necessitate gaining additional experience.

Are there any ongoing education requirements for professional accountants?

To maintain licensure or certification, professional accountants are often required to complete Continuing Professional Education (CPE) courses. Generally, accountants must complete a certain number of CPE hours annually, typically around 40 hours. These courses help professionals stay updated with changes in accounting practices, tax laws, and industry regulations.

Becoming a professional accountant requires a significant time commitment. The journey starts with obtaining a bachelor’s degree in accounting, followed by pursuing professional certifications such as the CPA credential. After passing the CPA exam, individuals must gather relevant work experience, which usually takes around two years. Ongoing education through CPE courses helps accountants stay current in their field. While the duration may vary based on personal circumstances, dedication, and opportunities available, the rewards of a fulfilling career in accounting make the journey worthwhile.