CPA Exam Preparation Courses

According to Robert A. Half International, one of the world’s largest accounting staff placement firms, starting salaries for accountants with CPA certification are 10 to 15% higher than for those without certification. CPA certification is a nationally recognized designation that denotes being at the top of your profession.

Program
On The Job
Skills You Learn
Growth Potential & Estimated Salaries
Faculty

Please refer to the catalog for curriculum requirements.



Programs

The state of Maryland requires candidates for the Uniform CPA examination to have completed 150 college credits and obtained a bachelors degree in any area of study. As part of the 150 credit hour requirement, candidates must complete specific courses in accounting, business-related subjects, and ethics as described in state regulations. This certificate is designed for students who have a baccalaureate degree and need to complete the additional course requirements to sit for the CPA exam in Maryland.
Applicants for a Maryland CPA license must:

    1. Satisfactorily complete a Board approved-accounting curriculum while earning a minimum of 150 semester hours or their equivalent.

    2. Pass the Uniform CPA Examination. Examination candidates must pass each of the following sections of the Uniform CPA Examination with a grade of 75%: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Regulation (REG), and Financial Accounting and Reporting (FAR).

    3. After passing the Uniform CPA Examination, a candidate must complete a Home Study Course in Professional Ethics that is offered by the American Institute of Certified Public Accountants. The candidate must send a copy of the ethics course completion certificate with the Report of Practical Experience in order to complete the license application process.

    4. Following passage of the Uniform CPA Examination, an applicant must file a Report of Practical Experience that documents that the applicant has a minimum of 2,000 hours of experience in accounting-related activities verified and endorsed by a licensed CPA.

    (FCC courses are recommended based on information provided by the Maryland Department of Licensing and Regulation. However, the college has no authority over the state's acceptance of any courses to satisfy specific requirements. Those interested in more information regarding the requirements to sit for the CPA exam in Maryland should contact the State Board of Public Accountancy, 500 N. Calvert Street, Room 308, Baltimore, MD 21202-3651 or email cpa@dllr.state.md.us or call 410.230.6258.)

    For more specific information concerning Maryland Requirements go to DLLR’s website at:  http://www.dllr.state.md.us/license/cpa/cpaexam/. Additional information concerning the uniform CPA exam can also be found at:  http://www.aicpa.org/.

    Prospective accounting majors should carefully research accounting curricula and the requirements of any states in which they hope to become licensed.

    All states use the four-part Uniform CPA Examination prepared by the American Institute of Certified Public Accountants (AICPA). The CPA examination is rigorous, and less than one-half of those who take it pass any part they attempt. Candidates are not required to pass all four parts at once, but most states require candidates to pass all four sections within 18 months of passing their first section. The CPA exam is now computerized and is offered 2 months out of every quarter at various testing centers. Most states also require applicants for a CPA certificate to have some accounting experience requirement (Maryland's experience requirement is 2,000 hours - see DLLR website for details); however requirements vary by state or jurisdiction.

    Due to the complexity of the Uniform CPA Exam, many students find a CPA exam review course helpful to achieve their goals of passing the CPA exam. FCC does not offer such a review course; however, there are numerous commercial providers of CPA exam study materials including CD, online, or in-class formats.

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On The Job

“Accountants and auditors help to ensure that the Nation’s firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They analyze and communicate financial information for various entities such as companies, individual clients, and government. Beyond carrying out the fundamental tasks of the occupation—preparing, analyzing, and verifying financial documents in order to provide information to clients—many accountants also offer budget analysis, financial and investment planning, information technology consulting, and limited legal services. Specific job duties vary widely among the four major fields of accounting and auditing: public, management, government accounting, and internal auditing.” – (Source U.S. Bureau of Labor Statistics 2008 Occupational Outlook Handbook - For more information about careers in accounting go to http://www.bls.gov/oco/ocos001.html)

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Skills You Will Learn

  • Financial Accounting and Reporting
  • Managerial Cost Accounting
  • Federal Income Tax Accounting
  • Auditing
  • Ethics
Other related business areas include management, finance, law, marketing, economics, business communications, and statistics.

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Growth Potential & Estimated Salaries

"Accountants and auditors are expected to experience a much faster than average employment growth from 2008-2018. Job opportunities should be favorable; accountants and auditors who have a professional certification, especially CPAs, should have the best prospects. Employment of accountants and auditors is expected to grow by 22 percent between 2008 and 2018, which is much faster than the average for all occupations. This occupation will have a very large number of new jobs arise, about 279,400 over the projections decade. An increase in the number of businesses, changing financial laws and corporate governance regulations, and increased accountability for protecting an organization's stakeholders will drive job growth."
~ Source U.S. Department of Labor 2011 Occupational Outlook Handbook.

For salary information, a good reference is the U.S. Department of Labor 2011 Occupational Outlook Handbook - Accountants and Auditors.

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Faculty

Program manager Mike Martin and our full time faculty are all CPAs with real world accounting experience in addition to teaching expertise. All take a personal interest in helping you achieve your career goals.  Expect small class sizes and extensive hands – on experience.

Contact Mike Martin at 301.846.2543.

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Downloads and Links

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Learning Outcomes

  • Download the Brochure

    Accounting

For more information contact:

Mike Martin
Program Manager
Phone: 301.846.2543

Dr. Karen Wilson
Department Chair
Assistant Professor - Medical Assisting/Chair
301.624.2848

Doree Lynn Miles
Academic Office Manager
Computing & Business Technology
301.846.2505