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Message
CPA's of the OT
Posted on 3/15/19 at 9:19 am
Posted on 3/15/19 at 9:19 am
Was getting your CPA worth it?
Taking my final classes now to be able to sit for it and holy shite this material is no joke. I can do it but I would be lying if the thought of "is it even worth it" has crept into my mind.
Getting the actual accounting degree was tough but still doable as long as I put the time in to study.
Main reason I want it is to keep my options open jobs wise and I have been told it helps with a higher salary down the road. What say you?
Taking my final classes now to be able to sit for it and holy shite this material is no joke. I can do it but I would be lying if the thought of "is it even worth it" has crept into my mind.
Getting the actual accounting degree was tough but still doable as long as I put the time in to study.
Main reason I want it is to keep my options open jobs wise and I have been told it helps with a higher salary down the road. What say you?
22
Posted on 3/15/19 at 9:21 am to Bronson2017
yes, you can basically work at any company in the country
Posted on 3/15/19 at 9:22 am to Bronson2017
get ready to be miserable for 8-12 months
and finish FAR first
and finish FAR first
Posted on 3/15/19 at 9:26 am to Bronson2017
My CPA is this small nerdy guy that is somewhat socially awkward but knows how to run numbers and seems to have memorized every deduction in the tax code. He saves me tons of money every year.
My current favorite people in the world:
1. Jesus
2. Wife
3. Accountant
4. Pioneerbasketball (it’s March madness)
In April you can swap #2 and 3.
My current favorite people in the world:
1. Jesus
2. Wife
3. Accountant
4. Pioneerbasketball (it’s March madness)
In April you can swap #2 and 3.
Posted on 3/15/19 at 9:28 am to Bronson2017
quote:
Was getting your CPA worth it?
Yes, it takes a year. That's not that much time in the grand scheme of things. Nut up, bare down, and get it done.
Posted on 3/15/19 at 9:34 am to Bronson2017
I’m not one but put both my daughters through LSU with accounting majors. My oldest finishes with a masters and completed the 4 part CPA last year. Youngest is finishing her 30 additional hours to qualify to sit for the test. Wife and I have seen the dedication needed to accomplish this and it’s not easy but no one can take those 3 letters away once you’ve earned them and stay in good standing. You can be a simple bookkeeper or run a large corporation. Your options are unlimited. Our goal was to have our girls self supportive. Plus side for wife and I we’ve earned lifetime free tax prep.
GET THE CPA IT PAYS DIVIDENDS.
Best of luck
GET THE CPA IT PAYS DIVIDENDS.
Best of luck
Posted on 3/15/19 at 9:46 am to Bronson2017
Credentials are generally always worth having, particularly when establishing yourself in a field (and trust me, your doing this for a long time in any field). It will always look good on a resume and is required to be the top guy in a lot of circumstances. So unless your plan is to be an accountant in a non public capacity, working for others, and usually not the boss, I assume it is worth it.
At least that is what my niece told me back before shoe became a stay at home mom. She passed all 4 parts of the exam her first try, didn't need it where she worked but it got her a bump in pay.
Good luck
At least that is what my niece told me back before shoe became a stay at home mom. She passed all 4 parts of the exam her first try, didn't need it where she worked but it got her a bump in pay.
Good luck
Posted on 3/15/19 at 9:51 am to Bronson2017
I'm sort of in the same boat. I have my CIA and am studying for the CISA right now. After that I'm considering sitting for the CPA. I need to take one more BLAW class before I can sit for it, then I'd need another 20 hours or so to get the license. I'd take the remaining hours after I would pass, though.
Posted on 3/15/19 at 9:58 am to Bronson2017
Yep for sure
It's a bitch and I almost quit after a while but stuck with it. Probably one of the biggest job security things you can accomplish and lots of options.
It's a bitch and I almost quit after a while but stuck with it. Probably one of the biggest job security things you can accomplish and lots of options.
Posted on 3/15/19 at 9:59 am to Bronson2017
quote:
Was getting your CPA worth it?
Yes. It makes you much more marketable. Actual public accounting experience to boot will open up tons of doors.
Do not talk yourself out of doing this. If you have a career in accounting, you will be answering to CPAs your entire career without it.
Posted on 3/15/19 at 10:05 am to Bronson2017
quote:
Was getting your CPA worth it?
It was for me. It was a requirement actually, since I started out auditing for a national accounting firm (one of the big 8, back in the day). Once I left public accounting (many years ago) and moved to a corporate job, it became less important, but it certainly never hurt to have it.
Posted on 3/15/19 at 10:14 am to Bronson2017
Worth it.
I'd recommend taking the part you think you will have the most difficulty with first (REG for me since I work in Audit), because nothing sucks more than getting a 74 on your final part when the credit on another part lapses.
Once you commit to studying, just keep pushing through all of the parts. I put off studying for a few months after passing my first part (AUD) and ended up in the situation above where I didn't pass all 4 parts in the 18 month window and ended up having to retake a part (AUD) I had already passed.
I'd recommend taking the part you think you will have the most difficulty with first (REG for me since I work in Audit), because nothing sucks more than getting a 74 on your final part when the credit on another part lapses.
Once you commit to studying, just keep pushing through all of the parts. I put off studying for a few months after passing my first part (AUD) and ended up in the situation above where I didn't pass all 4 parts in the 18 month window and ended up having to retake a part (AUD) I had already passed.
Posted on 3/15/19 at 10:16 am to Bronson2017
quote:
Getting the actual accounting degree was tough but still doable as long as I put the time in to study.
What was harder? Addition or subtraction?
Posted on 3/15/19 at 10:20 am to Bronson2017
Yes, it was worth it. It isn't that hard if you focus for a few months and don't let anything distract you.
Posted on 3/15/19 at 10:37 am to Bronson2017
Yes it’s an immediate credibility boost and basically every corporate senior staff position or above is going to say CPA preferred if not outright required
Posted on 3/15/19 at 10:44 am to Bronson2017
My buddy Mingo got his and works for a Big 4 firm, he claims its worth it
I guess it just depends on what career you want to take and if you really need it
I guess it just depends on what career you want to take and if you really need it
Posted on 3/15/19 at 10:47 am to Bronson2017
Why go through the trouble of getting a degree and not complete the loop?
Posted on 3/15/19 at 10:49 am to Bronson2017
It depends on what you want to do, but if you plan to take it, do it ASAP. I know plenty of CPA’s who regret not doing it immediately after they had the credits.
I passed after failing audit twice. Got a job right away in medical sales. Made a shite ton of money for a few years then got sick of the travel. Started working for an old EA and brought in many of my former customers from my med sales job. He retired, sold me the business and it’s been a cake walk ever since. To be honest, I never really needed my CPA and that old EA probably still knows more than I do, but it’s not a bad thing to have.
I passed after failing audit twice. Got a job right away in medical sales. Made a shite ton of money for a few years then got sick of the travel. Started working for an old EA and brought in many of my former customers from my med sales job. He retired, sold me the business and it’s been a cake walk ever since. To be honest, I never really needed my CPA and that old EA probably still knows more than I do, but it’s not a bad thing to have.
This post was edited on 3/15/19 at 10:50 am
Posted on 3/15/19 at 10:53 am to Bronson2017
Being an accountant without a CPA is limiting career-wise. That’s true whether you are in public or industry.
A number of my Tax Director/Tax VP clients won’t promote employees without a CPA beyond a senior level. Some won’t promote beyond staff.
The only way to get out of having a CPA at Big 4 and still getting promoted is if you are a JD with bar admittance or if you are an economist focused in transfer pricing. Other than that, you’ll want that CPA.
A number of my Tax Director/Tax VP clients won’t promote employees without a CPA beyond a senior level. Some won’t promote beyond staff.
The only way to get out of having a CPA at Big 4 and still getting promoted is if you are a JD with bar admittance or if you are an economist focused in transfer pricing. Other than that, you’ll want that CPA.
This post was edited on 3/15/19 at 10:58 am
Posted on 3/15/19 at 11:44 am to Bronson2017
Got the degree, but never passed the test. Actually never took the test. I'd take it right out of school if I had it to do over again. I got into public accounting and worked mostly with construction clients. I'm now CFO of a construction industry company. I think the construction niche was what worked for me, so I'm doing fine without it. I would definitely recommend someone in your position just go ahead and get it done though.
This post was edited on 3/15/19 at 11:45 am
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