The UAA (Uniform Accountancy Act) provides a set of guiding principles and requirements to define eligibility criteria for licensing accountants and award them with the permission to practice as registered accountants in Kissimmee. The set of rules defined by the UAA is meant to synchronize all jurisdictions in the state and provide them a definite platform to practice accountancy.
However, the licensing procedure is not easy. It judges an accountant on the basis of three E’s (Education, Exam and Experience) to award the certificate. To acquire the certificate, each contestant has to complete a 150-credit hours accounting bachelor’s degree program. Then they have to pass the CPA exam and then acquire some experience to get certified!
Here is a detailed look at the three E’s licensure criteria proposed by UAA:
Before the three E’s model was implemented by the UAA, every state in the USA had its own certification criteria. But now the model is implemented and functional in all states and every state has the same criteria for licensure. Now every accountant is required to get enrolled in a 150-credit hours program and acquire a bachelor’s degree program. This will make them eligible to appear in the CPA exam.
Most state boards require the following:
- A minimum of bachelor’s degree with majors in tax/accountings.
- A minimum of 150 credits from any educational institute affiliated with the state government.
- Extensive accounting and business courses (every board requires different courses).
Although there are a number of educational institutes in the USA that offer a simple bachelor’s degree in accountings, to become a certified CPA, students are required to acquire their accounting degree from colleges that offer 150-credits programs. They cannot take the CPA exam with a simple bachelor’s degree in accountings.
The next phase is the exam. It is the toughest part of the licensure procedure. The exam is infamous for its low success rate because students have to give their best shot to clear the exam. Only students with a sound academic profile and a 150-credits degree are allowed to appear in the exam. This is the reason that students planning on attempting for the CPA exam are advised to make the most of their academic years. Students can consult a number of institutes to help them with the exam preparation, but it is best to go to a CPA for exam preparation. CPAs have already gone through all the phases and they know what it takes to ace the exam.
After clearing the exam, the next phase is acquiring filed experience. Before 2007, it was fairly easy for graduates to get internships or trainee jobs in accountant firms. But due to the dynamically changing accounting rules and laws, graduates need to acquire additional courses to strengthen their degree and career profile. This is important for them to get good jobs and eventually become certified public accountants.
Accountants in Kissimmee might require renewing their licenses annually or biannually.
If you need more information about our Kissimmee, FL accounting and tax services, please contact us at 407-502-2400. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin number, incorporations, and non profit 501c3 tax exempt.