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150-Unit CPA Licensure

Requirement January 1, 2014

How will it affect you?

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Beginning Jan 1, 2014

California Board of Accountancy (CBA) issuesthe state of California CPA licensure

 Academic requirement for CPA:

Baccalaureate degree or higher with

150 semester units of education 24 semester units of accounting

24 semester units of business-related subjects 20 semester units of accounting study

10 semester units of ethics study

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 Accounting units

24 units (old) + 6 units (new) = 30 units

Courses include:

 Accounting, Auditing, Taxation, FinancialReporting, Financial Statement Analysis,External or Internal Reporting, Assurance, Attestation, Bookkeeping, Cost,

Peachtree/Quickbooks, CPA Review Coursesfrom nationally/regionally accreditedinstitutions.

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Educational Requirements for CPA Licensure

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Business-related Units

24 units (old) + 14 units (new) = 38 units

Business-related courses include:

38 units - Bus Admin, Economics, Marketing,

Computer Science & Info Services, Bus Management,Finance, Statistics, Bus-related law, BusCommunications, Mathematics, more accountingcourses or

9 of the 38 units can be skill-based, foreignlang/cultural&ethnic studies or industry-based

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 A master degree exception

Completion of a Master of Accounting, Taxation, or Laws in Taxation is equivalent to20 semester units of accounting study.

Exempts you from the 20 add‟l accounting units, or

6 units of accounting + 14 units of business-relatedcourses

 You must still meet the former requirements of 24units in Accounting + 24 units in Bus-relatedcourses.

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10 units of Ethics

 Auditing –  1 unit

Business Law

Corporate Governance Ethics, Morals, or Fraud

Organizational Behavior

Human Resources Management

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Educational Requirements for CPA Licensure

10 Units of Ethics

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In 2017

Must have taken an upper level course with title:“Accounting Ethics” 

 Accounting must be in the title

Ethics must be in the title

Can be taken at Com College

However, courses cannot double-count

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 Total academic units

 Academic units can be separated as:

30 units of accounting courses

38 units of business-related courses10 units of ethics courses

78 units total

+ 72 units of other courses (GEs, etc)150 units 

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SJSU Course Work for BSBA

Comm College units

Even though SJSU accepts only 70 transferrableunits, the CBA will accept as many as you takefrom CC. So if you have taken 90 units fromCC + 60 units from SJSU your total is 150 units!

If you meet the 30-38-10 requirement you‟re done!!! 

(Acctg-Bus-ethics)

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 SJSU CPA Eligibility Worksheet - 2011

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 SJSU CPA Eligibility Worksheet - 2011

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SJSU Course Work for BSBA

 Accounting course units (need 30 units)

Program requires you to take 30 units

Business related units (need 38 units)

Program requires you to take 41 units

Ethics units (need 10 units)

 Take BUS80, Phil 186 and BUS160 + 1 unit

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CPA Licensure in California Starting Jan 1,

2014

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CPA Licensure in California Starting Jan 1,

2014

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On Earning 150 units

 The Accounting Concentration helps you meet:

30 units in Accounting courses

38 units in Business related courses

10 units in Ethics

 What about the other 72 units?

GE courses will fill up 42 of the 120 units for theBaccalaureate degree

 What about the additional 30 units?.

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On earning 150 units

 Take courses in the summer at SJSU orcommunity colleges

Declare a Minor –  allows you to take 15 unitsbeyond the 120 units

 Areas to minor –  communication, economics, orother social science fields

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 What add’l courses to take? 

 Advice from the Dept and CPA professionals

Useful skills from CC –  excel, quickbooks,peachtree, payroll accounting, bookkeeping for small

business Communication courses, writing courses, public

speaking courses

 Add‟l accounting courses, finance courses  General course on understanding technology –  cloud

computing, hardware, software, etc.

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 Four Year Program at SJSU - Accounting

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 Four Year Program at SJSU - Accounting

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Other Options to earn 30 units

Master of Science in Taxation (MST) –  30 units

MBA One –  42 units

Future Options –   Certificate programs

MS Accountancy (MAcc) for UG with concentrationin accounting

Other master programs

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California Board of Accountancy

(CBA) Review processCBA is the California CPA licensing board

1. Determine accrediting agency/body & units

earned –  semester/quarter2. Use transcript to verify educational

requirements for BS degree + 24 accounting +

24 bus-relatedIf you meet #2 (above) you can „sit for the CPA

exam‟ 

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California Board of Accountancy

(CBA) Review process

3. Tally 20 units to meet Accounting units (new)

6 units of accounting

14 units of other courses ( See CBA tip sheet)

4. Tally 10 units to meet Ethics units (before

2017)

- See course titles on CBA tip sheet

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California Board of Accountancy

(CBA) Review process

5. One-year of work experience under guidanceof a CPA who must sign off on the various tasksfor auditing

6. Apply for CPA licensure with CBA.

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Big 4 advice

Students must have completed 150 units prior to full-time employment.

 You must show „your plan‟ to meet 150 units when you

are offered an internship. If you do not complete 150 units you may be able to

intern, but full-time employment is deferred.

 The Big 4 wants you to complete the 150 units prior toemployment and even prior to „sitting for the CPA

exam‟ 

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 Any questions?

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Links

http://www.sjsu.edu/acctfin/useful/index.html 

Provides links to:

CBA Tip SheetSJSU CPA Worksheet,

Recommended courses for CPT exam, and

these PPT slides.

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H l f l Ti d Li k f h C lif i

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Helpful Tips and Links from the California

Board of Accountancy