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Simple English definitions for legal terms

certified public accountant (CPA)

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A quick definition of certified public accountant (CPA):

A certified public accountant (CPA) is a professional accountant who has met all the requirements to earn a CPA license from the State’s Board of Accountancy (SBA). CPAs can do more than regular accountants, like auditing, tax consulting services, and financial planning. To become a CPA, you need a bachelor’s degree in business administration, finance, or accounting, 150 hours of education in college-level accounting courses, at least two years of public accounting experience, and to pass the Uniform CPA Exam. To keep the CPA license, CPAs must complete 40 hours of continuing professional education each year.

A more thorough explanation:

A Certified Public Accountant (CPA) is a professional accountant who has met all the requirements to obtain a CPA license from the State's Board of Accountancy (SBA).

The main difference between an accountant and a CPA is that CPAs are authorized to perform additional services, such as auditing, tax consulting, and financial planning, among others.

To become a CPA, one must meet the following general requirements:

  • Hold a Bachelor's degree in business administration, finance, or accounting.
  • Complete 150 hours of education in college-level accounting courses.
  • Have at least two years of public accounting experience. Some states require one year of work experience under the supervision of a licensed CPA.
  • Pass the Uniform CPA Exam. Additionally, some States may require passing an ethics exam or ethics course.

Furthermore, to maintain the CPA license, CPAs must complete 40 hours of continuing professional education each year. The number of hours required to maintain the CPA license varies from State to State, depending on SBA requirements.

For example, a CPA may be hired by a company to perform an audit of their financial statements to ensure they are accurate and comply with accounting standards.

Another example is a CPA who provides tax consulting services to individuals or businesses to help them minimize their tax liability and comply with tax laws.

These examples illustrate how CPAs are authorized to perform additional services beyond traditional accounting tasks, making them valuable assets to businesses and individuals seeking financial expertise.

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JumpySubsequentDolphin
23:52
☹️
it's like p much impossible to get in if you don't do it according to the deans lol
like i mean it's probs possible but. very rare
JumpySubsequentDolphin
23:52
SO WHY DO THEY CALL IT
JumpySubsequentDolphin
23:52
OPTIONAL
mind games
JumpySubsequentDolphin
23:52
WHY DO SCHOOLS DO THIS
JumpySubsequentDolphin
23:52
the illusion of chocoe
JumpySubsequentDolphin
23:52
chocoe
JumpySubsequentDolphin
23:52
choice
there's an infamous dude on reddit who literally got into every t14 like HYS but got WL at northwestern and he's like it's definitely because he didn't do the interview lol
and he had like 180 lol
JumpySubsequentDolphin
23:59
maybe YP?
Dkk
2:22
@jackfrost11770: "do the northwestern thing" ? very sad.
Dkk
2:23
@jackfrost11770: that'smy Army buddy who got rejected from NW.
Dkk
2:24
He did not have 180. 170.
Dkk
2:25
Northwestern is an Ohio trainwreck and the staff there should consider the gun,
4:18
^ HAHAHAHA
4:19
Jackfrost has a point though, a good way to stand out with your apps is to do as much "optional" stuff as possible, including the interview
4:20
This goes for NU's Kira as much as it does, for example, ASU's 1-minute "elevator pitch" video
Dkk
4:22
Indeed indeed @renard
Dkk
4:36
Man my butthole is on fire from that Carolina Reaper. 1:36 AM fire farts.
6:18
^is this satire? wtf this is really poorly written lmao
[] baddestbunny
9:49
when someone describes something as "classic LSAT Demon" I tend to assume that is code for "this thing sucks"
Dkk
10:29
I dont know.
Dkk
10:29
I dont know.
[] baddestbunny
10:30
Defining “postmodernism” is a daunting task. One commentator has likened it to “trying to nail gelatin to a wall.” Part of the difficulty is postmodernism’s heterogeneity. As Angela Harris has noted, “There are as many different definitions of postmodernism as there are postmodernists.”
Dkk
10:36
Indeed, indeed!
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