Becoming a Certified Public Accountant (CPA) is a respected and rewarding career path. CPAs are essential to businesses, non-profits and government agencies, ensuring financial integrity and compliance while offering valuable insights for decision-making.
For those seeking to join this prestigious group, the online Master of Science (M.S.) in Professional Accounting program from Lamar University offers a strong foundation in accounting principles and emerging technologies. This advanced degree prepares students for the CPA journey, equipping them with the expertise to excel in a dynamic field.
What Is a CPA?
A CPA is a licensed professional who has fulfilled rigorous requirements in education, experience and examinations to achieve this credential. Although every CPA is an accountant, not all accountants hold the designation. This distinction sets CPAs apart, allowing them to conduct audits, file reports with the SEC and represent clients before the IRS. CPAs also play a crucial role in providing financial analysis, risk assessments and strategic planning for their organizations or clients.
The CPA designation is considered the gold standard in accounting due to its stringent requirements and emphasis on ethical responsibility. CPAs adhere to the AICPA Code of Professional Conduct, which carries the highest standards of honesty, integrity and independence.
What Does It Take to Become a CPA?
The path to CPA licensure is rigorous but attainable with careful planning and dedication. The process involves five key steps:
- Earn the required degree and credits: To sit for the CPA exam, candidates must typically hold a bachelor’s degree in accounting or a related field and complete 150 semester hours of post-secondary education. Some states allow candidates with 120 semester hours to take the exam but require 150 hours for licensure. Many individuals pursue a master’s degree to meet these requirements while advancing their expertise.
- Gain relevant work experience: Most states require at least one year of professional experience under the supervision of a licensed CPA. This experience can come from public accounting, corporate finance, government or academia. States differ in their requirements, so it is essential to confirm specific guidelines with your state’s Board of Accountancy.
- Pass the CPA exam: The Uniform CPA Examination consists of four sections: Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Taxation and Regulation (REG) and a chosen discipline such as Business Analysis and Reporting (BAR), Information Systems and Control (ISC), or Tax Compliance and Planning (TCP). Each section tests specialized knowledge and skills, and candidates must pass all four within a specified timeframe, typically 18 months.
- Pass the ethics exam: Many states require candidates to pass an ethics exam, often administered as an open-book assessment by the AICPA. This step ensures CPAs adhere to the profession’s high ethical standards, including confidentiality, independence and avoiding conflicts of interest.
- Apply for licensure and pay fees: After meeting the education, experience and examination requirements, candidates must submit a licensing application to their state board. This step often involves paying fees and providing documentation to verify completion of all prerequisites.
Earn an Online Master’s Degree in Professional Accounting
Lamar University’s online M.S. in Professional Accounting program provides an excellent pathway for aspiring CPAs. This STEM-designated program combines a robust accounting curriculum with a focus on technology-driven efficiencies. Students gain hands-on experience with tools such as Excel, Tableau and Python, preparing them for the modern CPA role, which increasingly emphasizes data analytics and systems management.
In addition to meeting the educational requirements for CPA licensure, Lamar University’s program offers comprehensive preparation for the CPA exam. Courses align with the 2024 exam structure, ensuring students are versed in auditing, financial reporting and taxation, as well as specialized areas like business analysis and information systems.
A Rewarding Career as a CPA Requires Strategic Planning and a Commitment to Excellence
Earning the CPA designation unlocks numerous career opportunities and benefits. The average salary for CPAs is $79,880 as of January 2025, with a projected 6% job growth from 2023 through 2033. CPAs often command high salaries and hold lucrative leadership roles due to their advanced skills.
CPAs are pivotal in shaping financial strategies, ensuring compliance and driving business success. Their expertise is sought after across industries, making CPA licensure a valuable asset for career advancement and job security.
By completing the necessary education, gaining work experience, passing rigorous exams and upholding ethical standards, individuals can earn this esteemed designation and thrive in the accounting field. Lamar University’s online M.S. in Professional Accounting program provides a tailored educational experience for aspiring CPAs. With a STEM-focused curriculum and practical training in cutting-edge technologies, graduates are prepared to meet the challenges of the CPA journey and excel in their careers.
Learn more about Lamar University’s online M.S. in Professional Accounting program.
