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I wanted to take a moment to share my CPA journey in hopes of getting some feedback. I’m 41 years old, about to finish up my MBA (2 semesters left) and looking to get the CPA license. Unfortunately, I was not an accounting undergrad and MBA is focused in Finance, Strategy so I’ll need to take additional accounting classes to be eligible for a CPA candidate.
My plan is as follows:
1. Take 5 Accounting Classes online, I am thinking LSU (Louisiana State University) to fulfill the educational requirements for Maine. I live in New England and Maine appears to be the most lenient state in terms of educational requirements. I will have the 150 credits soon enough.
2. I still need to do research however I’ll probably go with Ninja Notes, UWorld Roger for the study materials.
3. My plan is to follow this sequence for the exams: FAR > AUD > REG > BEC. Of course nothing is set in stone, just a working game plan.
4. I would like to complete the LSU Accounting classes plus the 4 exams by the end of 2022. I recognize that it’s a fairly aggressive timeline however I am hoping to leave the United States (I’m from here) by Jan 2023. It won’t be the end of the world if I don’t finish up the CPA exams in time as I can always take them while abroad or travel back to the States, however we all need a goal to motivate us, right?
5 LSU Accounting Classes = $866 x 5 = $4,330
NASBA Application + Registration Fees: $170 + $85 = $225
Exam Fees: $226.15 x 6 = $1,357 (I know there are 4 exams; building a buffer in case I don’t pass/need to retake)
RogerUWorld Elite Package: $1,699 (as of May 2022)
Ninja (Supplement): $67 x 4 = $268
Maine CPA License + Criminal Background Check Fee: $56
Total: $6,236 (Heck of a lot cheaper than my MBA!)
Post CPA Goals
I’m still working through these. I really like having the MBA/CPA combination as it opens doors for some great job opportunities, entrepenuerial pursuits etc. I really forensic accounting, real estate and family office niches however I’d like to go through the CPA journey and make determinations from the studies.
I know I am a non-traditional CPA candidate and may appear to have some flexible goals/timelines, however, I am a hard worker and definitely motivated to pursue the CPA. Please let me know if you think this plan sounds feasible. I appreciate your feedback.