Wednesday, October 2, 2013
Understanding CPE Credits
Certified
public accountants (CPAs) go through a rigorous training and certification
process to earn the right to practice in their chosen specializations.
Interestingly, the path of learning seemingly never ends for a CPA. Aside from
formal schooling and practical experience, CPAs must undergo continuing
professional education (CPE) courses to retain their license.
In most U.S. states, CPAs need to acquire a minimum number of
CPE credits before they can renew their license. A credit is typically
equivalent to 50 minutes of professional education. Some states require that
CPAs complete 80 hours within two years, while other states require 120 hours
to be completed within a three-year period.
After completing the course, the participant will receive certain
credits based on the number of hours completed. CPE courses may be taken in a
traditional classroom setting, although a growing number of accounting
professionals opt for online courses conducted through live webinars or via
correspondence. Online CPE courses certainly make sense for busy accountants
who need to juggle multiple work tasks and barely have the time nor inclination
to shuttle from work to school on a daily basis.
CPE courses for accountants are available through organizations,
but these classes are often expensive. Some professionals consider online
courses to be more affordable.
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