Accounting CPA questions and answers
What does CPA stand for? - Answercertified public accountant
What are the three requirements to obtain a CPA license? - AnswerHave an education, uniform CPA
exam and work experience
Who issues an individual their CPA license? - AnswerThe state
How old must you be to obtain a CPA license? - AnswerAt least 18
Do you have to be a U.S. citizen? - AnswerNo
How often does your license have to be renewed in Massachusetts? - AnswerEvery 2 years
What does reciprocity mean? - Answerthe practice of exchanging things with others for mutual
benefit, especially privileges granted by one country or organization to another.
What does it mean when a state allows CPA license reciprocity? - AnswerCPAs licensed in
Massachusetts can transfer their license to other states if they have reciprocity.
THE SEVEN POSSIBLE CAREER PATHS: Public Accounting - AnswerPerform work for "clients". May
work for a number of individuals, companies or organizations
THE SEVEN POSSIBLE CAREER PATHS: Corporate Accounting (private industry) - AnswerAllows a
person to dig deeper into a single company or industry. Can range from big brands to small
companies. Working for one company
THE SEVEN POSSIBLE CAREER PATHS: Non-profit - AnswerNon-profits get their money from grants
and donations so budgeting is important. Potential for rewarding experience and salary
THE SEVEN POSSIBLE CAREER PATHS: Education - AnswerEducate future accountants and CPAs
teaching at high schools, colleges, universities, public schools, private schools. Part time/full time
What does CPA stand for? - Answercertified public accountant
What are the three requirements to obtain a CPA license? - AnswerHave an education, uniform CPA
exam and work experience
Who issues an individual their CPA license? - AnswerThe state
How old must you be to obtain a CPA license? - AnswerAt least 18
Do you have to be a U.S. citizen? - AnswerNo
How often does your license have to be renewed in Massachusetts? - AnswerEvery 2 years
What does reciprocity mean? - Answerthe practice of exchanging things with others for mutual
benefit, especially privileges granted by one country or organization to another.
What does it mean when a state allows CPA license reciprocity? - AnswerCPAs licensed in
Massachusetts can transfer their license to other states if they have reciprocity.
THE SEVEN POSSIBLE CAREER PATHS: Public Accounting - AnswerPerform work for "clients". May
work for a number of individuals, companies or organizations
THE SEVEN POSSIBLE CAREER PATHS: Corporate Accounting (private industry) - AnswerAllows a
person to dig deeper into a single company or industry. Can range from big brands to small
companies. Working for one company
THE SEVEN POSSIBLE CAREER PATHS: Non-profit - AnswerNon-profits get their money from grants
and donations so budgeting is important. Potential for rewarding experience and salary
THE SEVEN POSSIBLE CAREER PATHS: Education - AnswerEducate future accountants and CPAs
teaching at high schools, colleges, universities, public schools, private schools. Part time/full time
