Over the last six years, James “Jim” Kasim has maintained responsibilities as chief financial officer and treasurer with a commercial real estate firm. Complementing his professional work, James Kasim holds the designation of a certified public accountant (CPA) in the state of California.
Financial professionals working in California may gain licensure as a CPA through the California Society of Certified Public Accountants (CalCPA). However, these individuals must complete several steps in order to earn and maintain this designation.
Before sitting for the CPA exam itself, professionals must fulfill a number of education requirements. Each individual must hold a bachelor’s degree complete with 150 credit hours, including classes in areas like ethics, accounting study, and business. They then become eligible to sit for the CPA exam. If they pass, then they must work under a CPA for one year and obtain 500 additional hours in accounting experience before applying for licensure as a CPA.
Certification does not end once individuals receive their licenses. Every two years, CPAs are required to undergo 80 hours of continuing professional education (CPE), with over half of these hours in such areas as accounting and financial consulting.