Much like other professionals, CPAs and accountants are required to take up continuing professional education, also known as CPE courses. Continuing Professional Education helps CPAs in expanding their options and expertise in their respective careers, besides meeting the necessary requirements of the state accounting board. Here are some of the other things you need to know.
Given that accounting practices, tax norms, and related laws change with time, it is important for CPAs to update their knowledge. These CPE courses can be completed by attending live seminars, webinars, training programs or through self-study. Requirements usually vary by state, although most states ask accountants to complete at least 40 CPE hours per year. CPAs, who complete CPE through online courses, textbooks, and videos, are required to take up tests to receive credits. Also, around 35 states ask CPAs to take up an ethics courses after a period. The guidelines again may vary. For example, Florida Ethics CPE can be different from that of Colorado.
Importance of CPE
As mentioned, CPE is a necessity for CPAs, mainly to renew and retain their license. If you are an accountant, you need to consider your long-term career goals before opting for additional courses. The whole idea is to understand your professional expertise and ways to add more value to your existing career. CPE credits are critical for renewing the CPA license. Do note that the renewal period can differ with every state. If the renewal period of your state is 3 years, you have to complete around 120 CPE hours to complete your license. Do note that some states have a cap on the number of credits one can get through the self-study format, so it’s best to double check your options.
Firstly, don’t leave everything for the last minute. It’s essential that you consider CPE as a genuine advantage, instead of compulsion. Most renowned CPAs take continuing education pretty seriously. All you probably need is a dedicated couple of hours each week. Secondly, do consider online courses, especially if you are busy with your professional commitments. You will find all kinds of courses online, including FL Ethics CPE and other options. Take a moment to review the top-rated portals for CPE course materials. Besides the inclusions and general courses offered, you also need to check if the website offers free assistance and materials for CPAs.
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