What is a Part Qualified accountant?
I know there are like 14 exams and you have to do three years work experience. But what do you need to become only part qualifed? Just the exams or work experience, or a bit of both Please Advise.
Careers & Employment - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ages ago when I worked at PW before they became PWC the accountancy qualifications they ran were a two year course and part qualified meant passing year one.
Answer 2 :
Start the course get the first exams under your belt, then just drop out, you'll be part qualified............job done!
Answer 3 :
To become a part qualified chartered accountant you need to complete the earlier exams of a chartered accountancy body and also gain at least a couple of years of work experience in an accountancy environment. For example, with the ACCA qualification once you have completed the first two levels of their exams you can call yourself a part qualified accountant. However, I cannot see why you are interested in becoming a part qualified accountant. If you do not think that you have the academic ability to become a fully qualified chartered accountant then you should be looking at taking technician level exams, like the AAT or CAT, as opposed to chartered level exams.
Answer 4 :
why don't you just do AAT (accounting technician) - its part accountancy, not as hard as Cima, ACCA, etc.
Answer 5 :
There aren't 14 exams..only 4 to become a CPA. However, you do have to go to college until you get a bachelors degree & enough accounting/biz courses to be eligible to take the tests. They used to make you take them all at once, now you can do it one at a time - MUCH easier! Also, not sure about all states, but in Texas you only need 1 year of work experience (2000hrs) under a CPA. Once you pass the tests & get the work exp, you can be fully licensed. There is no partial license. However, you can make a pretty good living w/ a degree & no license, but mainly, you just can't sign off on financials for public companies or rep. people in Tax Court. Even people w/ Associates Degrees in accounting start around $30+k in greater Houston (at least the ones I know). Best of luck w/ your career! Btw, don't let anyone tell you you have to be good at math to be an accountant. I was an average Calculus student, but I had no trouble getting through my accounting degree. Accounting is, imo, about order & truth. It made perfect sense to me. Also, there are other type of accounting licenses you can get, but the CPA is the golden ring & a lot of the others have a CPA then get a CMA, CIA or whatever. Also, a fair number of CPAs that are also attys. something I have considered, but not yet done (law school).
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