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Assignment I

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Unit 1 Assignment

Kaplan University
AC301: Intermediate Accounting II
September 23, 2012

Question 1. Relate the following information about your state: a) http://sos.georgia.gov/plb/accountancy/ b) CPA certification allows an accountant to become a partner in a CPA firm. It is also a requirement for career advancement and a requirement for other management positions. Some employers require job applicants to hold a CPA credential before applying for higher-level jobs. Accounting firms typically expect accountants to advance in their career, so a failure to achieve CPA certification after a certain amount of time can be cause for dismissal. CPA licenses provide credibility for accountants in other career paths. CPAs can teach college classes. A CPA can provide other services at a CPA firm such as offering financial advice, investment guidance and retirement planning, and holding this certification provides additional credibility. c) One thing about my state board that I found most interesting was that you can print your license, renew your license and click and verify a license all on the web page if you wanted to. It is very convenient, and if you haven’t received your paper license in the mail yet, your prospective employer can check on the web page and verify in a matter of seconds.

d) One years and 2,000 hours in public accounting; five years and 10,000 hours in business, industry, government or college teaching (teaching at a 4 year college or university in at least two different areas of accounting above the introductory or elementary level) or a combination of work experience in public accounting, business, industry, government or college teaching. Complete requirements are contained in the board’s rules at this website. See O.C.G.A. 43-3-6 and rules 20-3-.08 and 20-4-.06. All work experience must have been supervised by a person

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