The #1 Reason for the CPA Shortage
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- Опубліковано 22 вер 2024
- We dive into the reasons behind the shortage of CPAs in the accounting profession. The top barrier is the overwhelming workload and lack of time for studying. A staggering 43% of respondents cited work and family commitments as the primary reason for not pursuing the CPA credential.
We also explore the hidden impact of the 150-hour rule, which may be understated in surveys due to their limited reach. The cost and time associated with this requirement are still significant factors deterring potential CPAs.
Furthermore, we discuss the alarming health risks of working busy season hours, the urgent need for reduced workloads, and flexible work arrangements to make the CPA credential more appealing and competitive.
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Obviously CPA exam has been a pain in my ass, but that won't bother me any longer I have gotten my license already thanks to you Mr Dylan God bless you more cuz you made it possible for me
People keep talking about Dylan all over
UA-cam,he must be a very awesome help.
I studied for months and couldn't pass, I guess passing is a blessing
CPA exam might seem so tough to pass but studying very hard is a very vital skill to win trust me.
Everyone has their own way, Dylan worked for me and studying didn't .
passed mine after studying so hard, I'm not discouraging anyone just wanna say do whatever you believe will help you pass.
Low pay, long hours, high barriers to entry. The trinity of why nobody wants it.
It all starts at the college level where unsuspecting, though hard working students are deceptively weeded out or discouraged from the major. No guidance on how to get through the more difficult tricky classes. Oh, and not all undergrad programs have a basic intro accounting class! They just go straight to the 200 level class. The jig is up. It's long overdue. The curriculum needs an overhaul.
So much good information here. It's bad for your health to work busy season hours. My mind is blown!!!
The 150 credits requirement has always been BS.
For me it's the work experience requirement. I got the 150 credit hours. I got my bach degree in accounting and finance. I want to take the CPA but can't because I need 1 year experience. I applied to internships and entry jobs that require 5 to 10 years of work experience. So, I am stuck...can't get any job and the job has to have a CPA where I will be working under the CPA licensed holder. So, I can g o work at an small accounting firm but if they have no CPA on staff. It won't count as work experience for the CPA.
For sure the 150 hr credits for me. I am almost finished with my CMA and am considering sitting for cpa with my 120 but I’m not going to lie, obtaining the credits is a pain….
How are you going to take it without the 150 credit hours? I got the 150 credit hours but I cannot get an internship nor a entry level job. They require 5 to 10 years of work experience. So, for me it's the getting the 1 year work requirement.
Take some PE classes
@@ltlwatcher what pe classes?
@@bebdaumon3948 like swimming, badminton, basketball, etc
@@bebdaumon3948 sorry for the late reply, but there are plenty of states where you can sit for the exam with 120 hours. You will not be able to apply for the license until all of the requirements have been met. From my understanding, for Big 4, you need to have 150 credits to be able to intern with them.