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Plan for CPA

December 22nd, 2010 at 07:39 pm

So after further research, I've pretty much concluded that getting my CPA license in Nevada is just not going to happen. I'd have to log 4,200 hours at a public accounting firm with 1000 attestation hours (700 of which need to come from auditing).

Why will that not happen? Location being among the first, CPA firms in the area where I live are not hiring, and what part time work I can pick up in the next 2 1/2 years we are here will not equal 4,200 hours.

And I'm not entirely sure where we'll be stationed next. But we're rooting for Hawaii or California.

I'm already a CPA exam candidate in Virginia and in that state you only need one year of general accounting experience with the experience verified by a CPA. Theoretically, I don't even need to be supervised by a CPA - but simply have the experience form verified by a CPA holder.

My goal has always been to get my CPA license by the time I'm 30. Which will be next year.

If I work for one year at the new company, I'll be supervised by a CPA, and will be 30 1/2. If I can get my new employer to sign my experience form, I'll at least be able to meet my deadline before I turn 31.

After that, I'm wondering if I can then apply for a reciprocity license in California or whatever other state.

I'm not entirely sure - but getting my CPA license is important and I always said my deadline was when I was 30. So that's probably why I don't really care which state I'm licensed in... just that I'm licensed and can be licensed in the next state we move to.

So that's my thoughts for how I can possibly achieve my goal. CPA license by the time I'm 30... I don't know if it will happen but I think I'll probably be among very few military wives & teen moms to achieve that. There is a stat that says less than 2% of teen moms graduate by the time they are 30... so having my CPA license would be huge to me.

I just don't know if, given all the state laws/regulations/rules, and the constraints I live with as a military wife & mom of four - that my goal is still possible. But I'm trying.

3 Responses to “Plan for CPA”

  1. dtjunkie Says:

    You're almost there! I'm rooting for you. I'm also on a path to earn my CPA license.

  2. Homebody Says:

    Hawaii is extremely expensive and California is not much better in my humble opinion, having lived here my entire life. Your money definitely will go further in other states, but I do understand the lure of both states. Nephew (Navy) is stationed in Washington State. My bff's son (Army) was stationed in Hawaii and he told his mom he was sick of wearing shorts and flip-flops. We had a good laugh over that one. YD and SIL (Marines) are stationed in South Carolina and love it. But you just moved from the Carolinas right?

  3. ambitioussaver Says:

    Homebody, the main reason for Hawaii next is because DH will be going to sea duty & I want to be near family and friends for support. Having grown up there, the expense doesn't really phase me. I just see it being much harder to be somewhere other than Hawaii & having to pull down a full time job while he is on sea duty because... essentially, I have to be prepared to "act" as a single mom even though I'm married.

    At least in Hawaii I'll have oodles of family, Aunts, Uncles, cousins, 2nd cousins, and my friends to be a supportive network during that time.

    California... well, if we can't get Hawaii - California isn't a bad 2nd place - BUT we are 30 minutes away from the border (DH works in CA) so it wouldn't be too far fetched for me to get my CPA license there.

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