Mar 13

Im looking to take the CPA EXAMS here in the states but would like to know if i qualify having had my degree from abroad.If i dont qualify what would be the best steps to take?

Not knowing more of the facts, it is unlikely you will be eligible to take the International Qualification Examination (IQEX). In general, the exam enables accountants from (certain) other countries who have comparable accounting education, experience and in some cases possess certification from a recognized body to obtain certification in the US.

There are 54 different offices in the U.S.A. to which you can send an application to become a U.S. CPA. Each of the 50 states issues its own CPA certificate, as do Washington D.C., Guam, Puerto Rico, and the U.S. Virgin Islands.

At the time of this writing, there are about 26 states do not require that you be a resident of the state or a U.S. citizen to earn a CPA certificate issued by that state – this link lists them: http://www.ais-cpa.com/outside.html#RESIDENT

In some states you can become a CPA with no employment time if you have a master’s degree. Some states will grant a CPA certificate with no experience, but require evidence of experience before a "permit to practice" is issued. If you just want a U.S. CPA certificate for your resume, you might investigate these states: http://www.ais-cpa.com/outside.html#EXPERIENCE

Most states have adopted a 150-university semester hour educational requirement. A few states require only a four-year university degree. Each state has specific requirements for evaluation of your transcripts, so you must pick a state before you can have your transcripts evaluated.

To get started, one must
(1) Hold a baccalaureate or higher degree from a recognized educational institution and present a valid transcript from that institution that shows degree credit for not fewer than 30 semester hours of accounting courses

The university on the following link is from a random Google search. The courses are similar to those I had to take when I sat for the CPA exam. The list is not comprehensive but it should give you an at least general idea. The accounting educational requirements are similar for most CPA candidates. For now, disregard the part that explains the 150-hour Master’s Degree requirement. Read the courses that are required along with the course descriptions – not the Internship part at the bottom.
http://www.stmarytx.edu/business/accounting/?go=list

There is a possibility you have taken similar courses in another country. If this is the case, it may be possible to receive credit for those courses and you may not have to repeat many of the comparable, basic courses.

***I am uncertain the advise you received from the organization who evaluated your education. The reliable source to evaluate your education is an academic counselor or an otherwise knowledgeable person. As previously mentioned, each state in the U.S. has specific requirements for evaluation of your transcripts, so you must pick a state before you can have your transcripts evaluated.********

A nearby college or university might help or you could contact the Board of Accountancy in the state you are interested. Most state boards have a site on the web that might be able to direct you. If you know the state in which you would like to apply, see the state boards. If you aren’t sure in which state to apply, http://www.ais-cpa.com/boards.html. If you are from another country http://www.ais-cpa.com/outside.html
Good luck :)

Mar 11

I am now a Regions customer and have been really unsatisfied with their services. I have never had so many problems with a bank before. The overdraft fees, the poor customer service, and I just recently found out from a teleservice representative at Regions corporate that the corporate offices gave each bank branch power over the accounts they open. Meaning, if a branch manager decides that he/she doesn’t want to refund overdraft fees regardless of the reason, he/she does not have to. Does anyone reccommend a bank and/or bank account that is student-friendly?

credit unions are the best in my opinion. i love the one that i am with

Mar 9


By UCC, I assume you are talking about the Uniform Code Council. hmmmm…. because accountants don’t want a barcode tattooed on their forehead?

Mar 7


Quick Books Contractors Edition would probably be great and cheap.

Mar 5

I only need to know what "services" mean THANKS!

Services mean intangible goods purchsed and sold. Teachers and schools sell education service, airlines and buses and cab drivers sell transportation service, masons and builders sell construction service, the hospital, doctors and nurses sell medical treatment services, the govt, sells postal, law and order maintenance service, the Election Commission sells electoral services, the cinema halls/ theaters, film festivals, zoos, circuses, television channels and clubs including the Indian Cricket Control Board sell entertainment and recreational services, the lawyers sell legal services, the telephone companies provide communication service of different types, the call centres provide customer relation services of a particular type, the local municipality provides water supply and other civic services, the banks provides fiancial services. Since you claim you need to know only the meaning of "services", you probably do not expect explanation of how these services are contributing in a dominant way to economic growth copared with manufacturing and agriculture.

Mar 1

Me and my brother own a music business. We help musicians get bookings at night clubs and other venues. Since I am a piano player too I have used the business to book myself for gigs and have the business pay me for those gigs. At the end of the year I issue myself a 1099-MISC. Is this a proper accounting and tax practice? I’ve looked on the IRS website and I can’t seem to find a definitive answer on this. Thanks for the answers!

No, money you take out of the business is treated as a distribution of equity rather than an expense that you invoice the company

Mar 1

Anyone have a example for an answer to this question? I am racking my brain trying to do this home work assignment and can’t seem to think of a format for an answer:

Question 4 – Explain briefly whether or not you would recommend the use of a debt service fund in each of the following scenarios. Please do state YES (I would recommend) or NO (I would not recommend). But please also do briefly explain your logic.

Part 4a – A local government issued $10,000,000 of bonds without a premium or discount with the entire balance of the issue due in 10 years (“term bonds”). Interest at 5% per annum is due on February 1st and August 1st each year. The government’s year-end is December 31st.

Yes, Debt Service funds are set up to account for the accumulation of resources and the payment of interest and principal on all "general obligation debt" other than that serviced by enterprise funds or by special assessments in another fund. Debt service funds are only used for the General Fund, Special Revenue Fund, Capital Projects Funds and Permanent Fund. It is NOT used for Internal Service Funds, Enterprise Funds, Pension Funds, Agency Trust Funds, Private Purpose Trust Funds and Investment Trust Funds.

Mar 1

…for the free market to handle?

State police, city police, county police, fire, road building, road repair, street cleaning, snow plowing, Water, sewer, garbage pickup, building inspectors, Soc Sec, Medicare, Medicaid, animal control, parks and wildlife, DMV/DPS, CIA, NSA, FBI, FAA, FDA, CDC, DCFS, EPA, FDIC, DOT, DHS, BEA, FBOP, FHA, NTSB, NHTSA, IRS, NASA, NOAA, USDA, ATF, DEA, DHA, TSA, US Air Force, US Navy, US Marine Corp, US Army, US National Guard, US Coast Guard, US Army Crop of Engineers, Census Bureau, etc are all services essentially run "socially" by the federal, state, and local governments. These are only a handful of the hundreds of departments and services run by the federal, state, and local governments. There are hundreds, if not thousands.

Now, if you look in the yellow pages, there are thousands upon thousands of goods and services offered by the free market, from accountants to Joe the plumber to yoga instructors.

So what determines which services should be socialized and which should be left to the free market?

well I have a belief that corner markets(markets that effect every thing) need to be stable and cheap to the mass. So if that means socializing so be it, but it does not have to be

Mar 1

I plan to go to TSTC in Waco, Texas for Business Management.

What all doors does this open up for me after I graduate?
These are the courses I am taking.

Introduction to Accounting
Accounting II
Payroll and Business Tax Accounting
Small Business Management
Business Law
Technical Customer Service
Laws of Cyberspace and Ethical Issues
Introduction to Keyboards
Business Math and Machine Applications
Business English
Professional Development for Office Personnel
Aviation Law

Cisco certification-http://ccietutorials.com/

Mar 1

i also want to know if services are taxable…then which services provided by such professional are exempt

The tax that you appear to be speaking of would depend on the location (state or country) the service was performed.

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