Are you a high school student curious about resumes? Or the CPA exam? Or the size of your future paycheck? Enter your question below and we’ll have a real-life CPA answer it.
If you are in college or beyond, get the answers to your questions by contacting the Academic & Career Awareness team.
Check out these questions or ask your own.
Christina Morales-Eddy, Corporate Tax Accountant II
This is a really good question! Honestly, I did not have the greatest GPA when I graduated from undergrad. But, I knew that I needed to have one in order to be looked at by potential employers. So…I stayed on another year to wrap up a Master’s Degree in Accountancy and gained a better GPA and a job offer during the first semester.
Having a great college GPA gets your foot in the door with your first employer so that you can work and gain the real-life experience that will have be what your future employers look at. They both work hand in hand.
The CPA Exam consists of four sections:
Auditing and Attestation (AUD). This section covers knowledge of auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge.
Business Environment and Concepts (BEC). This section covers knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, and the skills needed to apply that knowledge.
Financial Accounting and Reporting (FAR). This section covers knowledge of generally accepted accounting principles for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge.
Regulation (REG). This section covers knowledge of federal taxation, ethics, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge. To learn more about the CPA Exam, visit www.cpa-exam.org.
Bruce Behn, Ergen Professor of Business
I would go to the department chair, accounting coordinator, or Master of Accountancy director (if your school as one) at your school and ask these individuals because every state has different requirements. If you go and talk with them I would bring a listing of the courses you have already taken, because it may the case that some courses qualify and others do not.
Carman Smith, Supervisor
My firm promotes a work/life balance and we are compensated for the overtime that we work during tax/busy season. This compensation is either paid or vacation time. In addition to the standard two weeks of vacation per year, I usually receive an additional four weeks of vacation to take outside of busy season from the over time I’ve worked during tax season.
On a week to week basis, my schedule is usually full of client meetings, training classes, seminars, marketing events, client field work and in office work, but outside of busy season we only work a 38 hour work week, so there’s plenty of time for personal things. During busy season, we can work anywhere from 40 to 60 hours per week, which is a lot but pays off with those four weeks of vacation during the summer.
Lukas Schmid, Senior Business Analyst
1) Status updates to my engagement management
2) Client conversations
3) Providing on-the-job training to staff people
4) Budgeting engagements
5) Scheduling staff for jobs
6) Documenting testing procedures performed
7) Listening to a technical update during lunch hours
8) Going to work later because I worked out in the early morning
9) Building relationships with clients
10) Learning something new everyday
11) Bonus: Calling my wife from work to tell her when I will come home