Domain: tiger-web1.srvr.media3.us So I just graduated in Accounting.... | Money Talk
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So I just graduated in Accounting....

Posted on 6/1/09 at 12:23 am
Posted by HDTigers
Pirates Cove
Member since May 2009
2776 posts
Posted on 6/1/09 at 12:23 am
what should I do next?



I want to take the CPA exam eventually but I need more hours

I want to hear the Money Talk's opinions

Thanks.
Posted by lsu xman
Member since Oct 2006
16748 posts
Posted on 6/1/09 at 1:28 am to
go get your masters.
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26725 posts
Posted on 6/1/09 at 7:02 am to
go get the 150 hours
Posted by HDTigers
Pirates Cove
Member since May 2009
2776 posts
Posted on 6/1/09 at 7:40 am to
which route though?

by taking classes, MS in Accounting(really don't want to live in BR), MBA somewhere, work then go to school?
Posted by Bob Sacamano
Houston, TX
Member since Oct 2008
5294 posts
Posted on 6/1/09 at 7:43 am to
Where do you live?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/1/09 at 7:46 am to
Just do it, it's only another year, and the MS isn't that hard.
Posted by Cash
Vail
Member since Feb 2005
37617 posts
Posted on 6/1/09 at 8:19 am to
If you want to do accounting work for a living get your MS and do it now. Don't wait.
Posted by Worn Hanes
Member since Oct 2008
129 posts
Posted on 6/1/09 at 8:22 am to
If you know you want to be a CPA, then I would recommend the MS in Accounting. The course work will be much more beneficial to the CPA exam.
Posted by HDTigers
Pirates Cove
Member since May 2009
2776 posts
Posted on 6/1/09 at 8:29 am to
ok thanks guys,

how is the coursework for the MS? is there lots of research involved like most masters programs or is it just accounting work?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/1/09 at 8:34 am to
Really? Every person I talked to, teacher and student, said the exact opposite; that there's nothing in the M.S. that you need for the cpa from a material standpoint, and that is almost all undergrad material. I'm about halfway through the material for FAR, and IMO that is definitely the case.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/1/09 at 8:36 am to
You don't have to do any research, its not a Phd. Its 30 hours of extended undergrad imo. The only reason I feel like I need to get it is because pretty much everyone else is going to have one. If it was two years, I might have a different opinion, but another year is no big deal.
Posted by Worn Hanes
Member since Oct 2008
129 posts
Posted on 6/1/09 at 8:58 am to
quote:

Really?


I have a MBA so I can speak that the course work would do absolutely nothing for the CPA. My assumption regarding the MS lead to my comment. If you've heard to contrary, then that may be the case. I've looked into the CPA exam the past year and will probably just use Becker if I ever decide to pursue it, which i heard is the best prep if you need it.

My father-in-law has a BA in biology and took some undergrad accounting courses to meet the hours requirement and passed it on the first try. The whole 150 hours thing is just a barrier to entry, imo.
This post was edited on 6/1/09 at 9:21 am
Posted by HDTigers
Pirates Cove
Member since May 2009
2776 posts
Posted on 6/1/09 at 9:01 am to
did you go for just 2 semesters, 15 hrs each or did you take it during the summer as well? also, did you have a job while in school?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/1/09 at 9:12 am to
I'm taking Becker right now. That's all it is, I agree. I wouldn't do it if I didn't feel like I had to.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/1/09 at 9:14 am to
I start in August. I plan on doing normal 15-hr schedules. I probably won't work in the fall, because I'm trying to finish the cpa by October (I have 150+ undergrad hrs). Spring is up for grabs. I know several people who have just recently graduated that worked while taking 15 hrs though.
Posted by Worn Hanes
Member since Oct 2008
129 posts
Posted on 6/1/09 at 9:20 am to
I did it at night while I worked. Took me about two years.

You will understand your material more and can contribute to the discussions more if you have some work experience under your belt. You don't have to have some fancy job to do this either. You can comprehend the managerial side of the program more if you have actually been a part of or witnessed some of the scenarios you will cover.


Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 6/1/09 at 9:26 am to
I intend to get an MBA as well, but for the reasons you just stated, I don't plan on doing it until I've worked for three years or so. That plan is perpetually in flux, though.
Posted by LSURussian
Member since Feb 2005
133916 posts
Posted on 6/1/09 at 9:48 am to
quote:

So I just graduated in Accounting....
what should I do next?

Repent and ask for forgiveness.....
Posted by saw36
Baton Rouge
Member since Jan 2005
281 posts
Posted on 6/1/09 at 2:36 pm to
I would look at what other requirements you need as far as classes. Some states don't count MBA classes towards the CPA requirement. If you want an MBA, I would look into doing some correspondence classes to meet your requirements.

I would also talk to the CPA society of the state you want to hold your charter as a CPA and see what they recomend or require.
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