The Certified Public Accountant (CPA) credential is one of the most prestigious certifications in the accounting and finance fields. While it’s traditionally pursued by accounting majors, non-accounting majors who are passionate about financial leadership, auditing, tax advisory, and other areas of finance can also achieve this valuable credential. In fact, according to research conducted by the Pennsylvania Institute of CPAs, close to half of new CPAs were no accounting majors in college.

That said, it can be daunting to navigate this path without an accounting background, but with the right strategy and resources, it’s entirely feasible – and not too difficult, expensive, or time consuming. This post will outline a comprehensive roadmap for non-accounting majors aspiring to become CPAs.

Understanding the CPA Credential

The CPA designation is not just a certification; it symbolizes a high level of knowledge, skill, and ethical standards in accounting. To become a CPA, candidates must meet the “Three E’s”: Education, Examination, and Experience.

  1. Education: Candidates must meet the specific educational requirements set by the state board of accountancy in the jurisdiction where they plan to practice. This typically involves a certain number of credit hours in accounting and business courses.
  2. Examination: Candidates must pass the Uniform CPA Examination, a rigorous test comprised of four sections:
    • Auditing and Attestation (AUD)
    • Business Environment and Concepts (BEC)
    • Financial Accounting and Reporting (FAR)
    • Regulation (REG)
  3. Experience: In some states, candidates are required to have work experience in accounting, usually supervised by a licensed CPA.

The Challenges for Non-Accounting Majors

  1. The primary challenge for non-accounting majors is meeting the educational requirements stipulated by the state boards. Accounting majors inherently fulfill these requirements through their degree programs, but those who majored in other fields must take additional steps.

Steps to Become a CPA as a Non-Accounting Major

  1. Research State-Specific Requirements
    Start by researching the state board of accountancy requirements for the jurisdiction where you intend to practice. Each state has different rules concerning the number of credit hours, types of courses, and other prerequisites. Knowledge of these details will guide your education planning.
  2. Fulfill Educational Requirements
    There are several ways to meet the education criteria:
    • Enrolling in Post-Baccalaureate Programs
      • Many universities offer post-baccalaureate programs specifically designed for students who already have a non-accounting bachelor’s degree but want to pursue accounting. These programs cover essential accounting topics and help you accumulate the required credit hours.
    • Taking Individual Accounting Courses
      • Alternatively, you can enroll in individual accounting courses at a university or community college. This route is often more flexible and can be tailored to fit around your current job or other commitments. Key courses typically include:
        • Financial Accounting
        • Managerial Accounting
        • Auditing
        • Taxation
        • Business Law and Ethics
    • Online Courses and Certifications
      • Online courses and certificate programs from accredited institutions are another flexible option. Platforms like Coursera, edX, and University-run programs offer specialized accounting courses that can help meet the credit requirements. However, always verify that these courses are accepted by your state’s board of accountancy.
  3. Gain Relevant Experience
    • Most state boards require a certain amount of work experience in accounting. Internships, part-time jobs, or full-time positions in accounting or finance departments can provide this experience. Working under the supervision of a licensed CPA is often a necessity, as they will need to verify your work experience when you apply for the CPA license.
  4. Prepare for the CPA Exam
    • Passing the CPA exam is a significant hurdle, but it’s manageable with strategic preparation:
      • Select a Good CPA Review Course
        • Invest in a comprehensive CPA review course. Companies like Becker, Roger CPA Review, Wiley, and Gleim offer well-regarded study materials, practice exams, and study planners. At CPA Credits, we recommend Becker where students who have taken a class with us, save close to 30% on the Becker exam prep program.
      • Create a Study Schedule
        • Develop a study plan that fits your lifestyle. Dedicate consistent time each week to study, and focus on understanding concepts rather than rote memorization. Balanced preparation is crucial, as the CPA exam covers a vast array of topics.
      • Leverage Study Groups and Forums
        • Joining study groups or online forums can provide support, share resources, and offer different perspectives on challenging topics. Websites like Reddit’s r/CPA or the CPAnet Forum are excellent places to connect with fellow candidates.
      • Utilize Multiple Resources
        • Use various resources like textbooks, online tutorials, and flashcards. Practice as many multiple-choice questions and simulations as possible. The AICPA has practice tests that mimic the actual exam setting, which can be incredibly beneficial.
  5. Pass the CPA Exam and Apply for Licensure
    • Once you have passed all four sections of the CPA exam, you will need to complete any remaining experience requirements if not already done. Afterward, you will apply for licensure through your state board of accountancy.

Tips for Success

Stay Committed and Patient

The journey to becoming a CPA is rigorous, requiring dedication, discipline, and patience. Set incremental goals and celebrate small achievements to stay motivated throughout the process.

Network with CPAs and Industry Professionals

Networking can open doors to opportunities, mentorship, and guidance. Attend industry events, join professional organizations like the American Institute of CPAs (AICPA), and engage with professionals on LinkedIn.

Consider Job Roles in Accounting and Finance

Transition to job roles closely related to accounting and finance, even if they are not directly accounting-related. Financial analyst roles, budgeting positions, or working in accounts payable/receivable can offer valuable experience and context for your studies.

Conclusion

For non-accounting majors, the route to becoming a CPA is indeed challenging but far from impossible. By strategically fulfilling educational requirements, gaining relevant experience, and methodically preparing for the CPA exam, you can achieve this esteemed credential. The journey demands tenacity, hard work, and a clear plan, but the rewards — such as enhanced career opportunities, financial benefits, and professional recognition — make it worthwhile. Persist through the challenges, maintain focus on your goals, and you, too, can join the ranks of esteemed CPAs.