HELP, I don't understand the 150 hour rule

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  • #173391
    okdubu
    Member

    So I graduated this May from SUNY Binghamton with a BS in Accounting and a whopping total of 172 hours. This includes high school college credits; if you count just the credits from after high school then 140.

    My school offers a 4+1 program in which you could earn a MS in Accounting but I didn’t bother because I had plans to go abroad and do some traveling buuuut for various reasons my plans have changed and I want to become a CPA now.

    So do I meet these 150 hour requirements? How do I figure this out? The accounting classes I’ve taken in include

    * financial accounting

    * intermediate accounting theory 1

    * intermediate accounting theory 2

    * cost accounting

    * auditing

    * entity taxation

    (All classes were worth 4 credits each)

    Do I just need to have more than 150 hours worth of credits to become a CPA? Or is it more complicated than that.

Viewing 4 replies - 1 through 4 (of 4 total)
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  • #363563
    mla1169
    Participant

    Your best bet is to mail all of your transcripts to your state board to be evaluated. You may already meet the requirements, or they will tell you what you still need.

    FAR- 77
    AUD -49, 71, 84
    REG -56,75!
    BEC -75

    Massachusetts CPA (non reporting) since 3/12.

    #363564
    Minimorty
    Participant

    If your college transcript shows credit for 150+ hours (hours isn't the right word, is it?), you should be good to go. I agree with mIa that you just need to send in your transcripts.

    #363565
    okdubu
    Member

    Ok thanks, will look into sending my transcripts in.

    But looking now at https://www.nasba.org/exams/cpaexam/newyork/ under Eligibility for Examination > Option 3, it looks like I need 33 semester hours in accounting and I have 24…

    #363566
    momto5
    Member

    You do need a certain number of accounting credits, not just 150 credits total in anything. Each state may be different in the number required – not sure about that. My college program included Advanced Accounting 1 & 2, Tax 1 & 2, and Managerial Accounting in addition to what you show, but most of my classes were 3 credits each.

    Also, are your high school college credits included on your college transcript? In other words, did your college accept them as transfer credits? If so, they should count towards your 150. But, of course, you do need the required # of accounting credits. When I was unsure if all of mine would be counted correctly, I couldn't find a way to send my transcripts in without paying the application fee and actually applying. Then, if you don't meet the requirements, you just lost that money. Maybe it's different in your state, but I was a little frustrated that I would have to pay just to find out whether I qualified to take the exam or not.

    Maybe you could check with someone in your college's accounting department or counseling office that might know for sure.

    FAR - 92 (4/27/12)
    AUD - 96 (7/17/12)
    BEC - 92 (8/30/12)
    REG - 91 (11/12/12)

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