The Certified Public Accountant (CPA) designation is one of the most prestigious and sought-after credentials in the accounting profession. While traditionally associated with accounting majors, the CPA exam is not exclusive to individuals with an accounting degree.
Non-accounting majors can also pursue this certification, provided they meet the required education and exam eligibility criteria.
This guide explains how non-accounting majors can take the CPA exam, overcome potential challenges, and successfully earn the CPA designation.
Can Non-Accounting Majors Take the CPA Exam?
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Yes, non-accounting majors can sit for the CPA exam. Most U.S. jurisdictions require candidates to meet specific education requirements, including a bachelor’s degree and 150 credit hours of post-secondary education.
While these requirements often include accounting and business coursework, they can be fulfilled through additional classes, even if your primary degree is in a different field.
Why Should Non-Accounting Majors Pursue the CPA Exam?
Non-accounting majors may choose to pursue the CPA designation for various reasons:
- Career Transition: Professionals in finance, economics, or other fields may want to transition into accounting or auditing roles.
- Enhanced Career Prospects: The CPA designation opens doors to higher-paying jobs and leadership positions.
- Broader Skill Set: Gaining CPA knowledge can complement other areas of expertise, such as financial analysis or management.
CPA Exam Eligibility Requirements for Non-Accounting Majors
The CPA exam requirements are consistent across all candidates, regardless of their academic background. However, non-accounting majors must ensure they meet the following:
#1 Educational Requirements
Most states require:
- 150 Credit Hours: Typically, this includes at least a bachelor’s degree.
- Accounting Coursework: Many jurisdictions mandate 24-30 credit hours in accounting subjects such as auditing, financial accounting, and taxation.
- Business Coursework: Additional credits in business-related subjects like business law, finance, and economics.
Non-accounting majors may need to take extra courses to fulfill these requirements. Options include enrolling in post-baccalaureate programs, certificate programs, or standalone accounting courses at accredited institutions.
#2 Credential Evaluation
For candidates who studied outside the United States, transcripts must be evaluated by a recognized credentialing agency to determine if their education meets U.S. standards.
#3 Residency Requirements
Certain states may require candidates to be residents, citizens, or employed in the state where they apply. States such as New York, Illinois, and California have more flexible requirements, making them popular choices for non-accounting majors.
Steps to Take the CPA Exam as a Non-Accounting Major
Here’s a step-by-step guide for non-accounting majors to navigate the CPA exam process:
#1 Research State Requirements
Each state board of accountancy has unique education and licensure requirements. Research the state that aligns best with your academic background and career goals.
#2 Fill Education Gaps
If your degree does not meet the accounting and business coursework requirements, enroll in additional classes at a university, community college, or online institution. Focus on fulfilling core accounting topics like:
- Auditing and attestation
- Financial reporting
- Taxation
- Managerial accounting
#3 Apply to the State Board
Submit your transcripts and other required documents to your state board. If necessary, have your credentials evaluated by an authorized agency.
#4 Obtain Your Notice to Schedule (NTS)
After your application is approved, you’ll receive a Notice to Schedule (NTS), which allows you to register for exam sections.
#5 Prepare for the Exam
Invest in a CPA review course tailored to your needs as a non-accounting major. These courses provide structured study materials, practice exams, and personalized study plans.
#6 Schedule and Take the Exam
The CPA exam consists of four sections:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Schedule your exams strategically to allow adequate preparation time for each section.
Challenges Non-Accounting Majors Face When Applying for the CPA Exam
Lack of Accounting Knowledge
Non-accounting majors may find certain CPA exam topics challenging due to limited exposure to accounting principles. Address this by dedicating extra time to foundational topics.
Meeting Educational Requirements
Fulfilling the 150-credit hour requirement may require additional coursework, which can be time-consuming and expensive. Plan your education path early to avoid delays.
Familiarity with U.S. Standards
Candidates who studied abroad or in non-accounting programs may need to familiarize themselves with U.S. Generally Accepted Accounting Principles (GAAP) and other regulations. CPA review courses can help bridge this knowledge gap.
Cost-Effective Ways to Meet Education Requirements
For non-accounting majors, completing the required coursework can be costly. Here are some budget-friendly options:
Community Colleges
Community colleges offer affordable accounting courses that can fulfill state requirements. Many institutions also offer online options for flexibility.
Online Programs
Accredited online courses and certificate programs can help you meet credit hour requirements without the need to attend in-person classes.
Employer Sponsorship
Some employers offer tuition reimbursement or financial assistance for employees pursuing the CPA designation. Check with your HR department for available benefits.
Tips for Non-Accounting Majors Sitting for the CPA Exam
Build a Strong Foundation
Focus on mastering fundamental accounting concepts before diving into advanced topics. Start with introductory courses or self-study resources.
Leverage CPA Review Courses
Choose a CPA review course that provides extra support for non-accounting majors. Look for features like video tutorials, interactive quizzes, and one-on-one tutoring.
Network with CPAs
Connect with professionals who transitioned from non-accounting backgrounds. Their insights and advice can help you navigate challenges and stay motivated.
Stay Organized
Create a detailed study schedule to balance coursework, exam preparation, and other responsibilities. Use tools like planners or study apps to track your progress.
Practice Time Management
The CPA exam is time-intensive, so practice managing your time effectively during study sessions and mock exams.
Frequently Asked Questions
Can I become a CPA with a degree in finance or economics?
Yes, degrees in finance, economics, or other business-related fields are often acceptable, provided you complete the required accounting and business coursework.
Do I need a master’s degree to become a CPA?
No, a master’s degree is not mandatory. You can meet the 150-hour requirement through additional undergraduate courses or certificate programs.
How long does it take for non-accounting majors to qualify for the CPA exam?
The timeline depends on how many additional courses are needed to meet state requirements. On average, it can take 1-2 years to complete the necessary education.
Are online courses accepted for CPA eligibility?
Yes, as long as the courses are from an accredited institution and meet your state board’s criteria.
Bottom Line
Non-accounting majors can successfully pursue the CPA designation by meeting the required education and exam eligibility criteria. By taking additional coursework, leveraging CPA review courses, and staying organized, you can navigate the process and achieve your goal of becoming a CPA.
With determination and a clear plan, earning the CPA designation is within reach, regardless of your academic background. Use this guide as a roadmap to chart your path toward success in the accounting profession.