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Texas State Board of Public Accountancy Requirements to Sit for

By Thelma Sullivan,2014-05-18 14:20
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Texas State Board of Public Accountancy Requirements to Sit for

    Texas State Board of Public Accountancy

    Requirements to Sit for the CPA Exam

    The accounting research and communications requirements described below go into effect on July 1, 2011.

Accounting Courses The following courses meet the Board’s definition of upper division

    accounting courses. Thirty semester hours are required for CPA Examination eligibility. At least 15 of

    these hours must result from physical attendance at classes meeting regularly on the campus of any

    transcript-issuing institution. Additional credit will not be given for repeated courses or coursework. The subject-matter content should be derived from the Uniform CPA Examination Content Specification

    Outline.

    ACCT 3333 Cost Accounting

    ACCT 3431 Intermediate Accounting I

    ACCT 3432 Intermediate Accounting II

    ACCT 3433 Intermediate Accounting III

    ACCT 4331 Federal Taxation of Individuals

    ACCT 4332 Financial Information Systems

    ACCT 4431 Auditing I

    ACCT 4432 Government and Not for Profit Accounting

    ACCT 4433 Understanding Financial Statements

    ACCT 4435 Software Applications in Auditing

    ACCT 4532 Advanced Financial Accounting

    ACCT 4533 Federal Taxation of Corporations

    ACCT 4631 International Accounting

    ACCT 5131 Accounting for Administrative Control

    ACCT 5133 Financial Accounting I

    ACCT 5134 Financial Accounting II

    ACCT 5136 Financial Accounting III

    ACCT 5137 Principles of Auditing

    ACCT 5231 Individual Income Tax

    ACCT 5234 Corporate Income Tax

    ACCT 5331 Accounting Analysis for Management Decisions

    ACCT 5332 Accounting Information Systems

    ACCT 5333 Databases in Business

    ACCT 5334 Advanced Database Applications

    ACCT 5335 Information Systems Audit and Security

    ACCT 5336 System Analysis and Design

    ACCT 5431 Advanced Accounting

    ACCT 5432 Acct for Government and Not for Profit Organizations

    ACCT 5531 International Accounting

    ACCT 6731 Seminar in Financial Accounting Theory

    ACCT 6732 Seminar in Auditing Theory and Practices

Accounting Research and Analysis Two semester hours are required in accounting

    research and analysis. The semester hours may be included in the 30 semester hour accounting

    requirement. Two of the following course(s) must be taken to meet the Board’s requirements for

    accounting research and analysis.

    ACCT 4433 Understanding Financial Statements

    ACCT 4532 Advanced Financial Accounting

    ACCT 4533 Federal Taxation of Corporations

    ACCT 4631 International Accounting

    ACCT 5234 Corporate Income Tax

    ACCT 5431 Advanced Accounting

    ACCT 5531 International Accounting

    ACCT 6731 Seminar in Financial Accounting Theory

Accounting Courses accepted under Rule 511.57(13) The following courses were determined

    by the Board to meet the definition of upper division accounting courses. One three-semester hour

    course from this category may be used to meet the thirty semester hours are required for CPA

    Examination eligibility. Additional credit will not be given for repeated courses or coursework.

     ACCT 4434/6735 Oil & Gas Accounting

Accounting Internship Course A three semester hour internship course may be used as an accounting

    course provided the following conditions are met. To meet the accounting requirements to take the CPA

    Examination, an accounting internship course is not required.

    ? The accounting knowledge gained is equal to or greater than the knowledge gained in a

    traditional accounting classroom setting.

    ? The internship course shall not be taken until a minimum of 12 semester hours of upper division

    course work has been completed.

    The Student

    1. Receives advance approval of the internship plan from the faculty coordinator.

    2. Receives the objectives to be met during the internship from the employing firm.

    3. Meets all terms of the internship plan.

    4. Keeps a diary comprising a chronological list of all work experience gained in the internship.

    5. Writes a paper demonstrating the knowledge gained in the internship.

    6. Receives from the employing firm a copy of the evaluation of the student and a letter

    describing the duties performed by the student.

    7. Provides evidence of all items upon request by the board.

    The Faculty Coordinator

    1. Approves in advance the internship plan.

    2. Receives the objectives to be met during the internship from the employing firm.

    3. Follows up with the student and the employing firm that all objectives of the internship are

    being met.

    4. Receives from the employing firm a copy of the evaluation of the student and the duties

    performed by the student.

    5. Determines that all terms of the internship plan are met.

    6. Provides evidence of all items upon request by the board.

    The Employing Firm

    1. Provides the faculty coordinator and the student with the objectives to be met during the

    internship.

    2. Provides a significant accounting work experience with adequate training and supervision of

    the work performed by the student.

    3. Provides an evaluation of the student at the conclusion of the internship, provides a letter

    describing the duties performed and the supervision to the student, and provides a copy of

    the documentation to the faculty coordinator and the student.

    4. Provides evidence of all items upon request by the board.

Related Business Courses The Board has not reviewed all related business courses offered at this

    institution. All related business courses taken to meet the Board’s definition and write the CPA

    examination must be upper division courses. Twenty-four semester hours are required for CPA

    Examination eligibility, with not more than 6 semester hours taken in any subject area. The two semester

    hours designated as accounting communications or business communication may be included in the 24

    semester hour business course requirements. Additional credit will not be given for repeated courses or

    coursework. The following course requirements will meet the Board’s definition of upper division related

    business courses.

    Business Law, that includes study of the Uniform Commercial Code Only 6

    semester hours may be accepted. Acceptable courses must be at the upper division level and

    contain sufficient business knowledge and application to be useful to candidates taking the

    Uniform CPA Examination.

    Economics Only 6 semester hours may be accepted. Economics courses at any level may

    be used; however, they must contain sufficient business knowledge and application to be useful

    to candidates taking the Uniform CPA Examination.

    Management Only 6 semester hours may be accepted. Acceptable courses must be

    at the upper division level and contain sufficient business knowledge and application to be useful

    to candidates taking the Uniform CPA Examination.

    Marketing Only 6 semester hours may be accepted. Acceptable courses must be at the

    upper division level and contain sufficient business knowledge and application to be useful to

    candidates taking the Uniform CPA Examination.

    Business Communications Only 6 semester hours may be accepted. Acceptable courses

    must be at the upper division level and contain sufficient business knowledge and application to

    be useful to candidates taking the Uniform CPA Examination.

    Statistics and Quantitative Methods Only 6 semester hours may be accepted. Statistics

    courses at any level may be used; however, they must contain sufficient business knowledge and

    application to be useful to candidates taking the Uniform CPA Examination.

    Finance Only 6 semester hours may be accepted. Acceptable courses must be at the

    upper division level and contain sufficient business knowledge and application to be useful to

    candidates taking the Uniform CPA Examination.

    Information Systems or Technology Only 6 semester hours may be accepted.

    Acceptable courses must be at the upper division level and contain sufficient business knowledge

    and application to be useful to candidates taking the Uniform CPA Examination.

Accounting or Business Communications Two semester hours are required in

    accounting communication or business communication. The following course(s) meet the Board’s

    requirements for a discrete (stand-alone) course in accounting communications or business

    communications.

     WRIT 3132 Written Communications in Business

    OR

    At least two of the following courses must be taken to meet the Board’s requirements for integrated

    courses in accounting communications.

    ACCT 5335 Information Systems Audit and Security

    ACCT 5432 Accounting for Government and Not-for-Profit Organizations

    ACCT 6732 Seminar in Auditing Theory and Practices

    Ethics Course Three semester hours are required. The following course(s) meets the Board’s definition of an acceptable ethics course. The qualifying course is upper division and provides

    students with a framework of ethical reasoning, professional values and attitudes for exercising

    professional skepticism and other behavior that is in the best interest of the public and profession. The

    ethics course(s) provides a foundation for ethical reasoning and includes the core values of integrity,

    objectivity, and independence.

     ACCT 4436/4931 Business Ethics for Accountants

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