CPA Exam Qualification

The state of Maryland requires candidates for the Uniform CPA examination to have completed 150 college credits and obtained a bachelors degree in any area of study. As part of the 150 credit hour requirement, candidates must complete specific courses in accounting, business related subjects, and ethics as described in state regulations. This certificate is designed for students who have a baccalaureate degree and need to complete the additional course requirements to sit for the CPA exam in Maryland.

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Mike Martin
Program Manager
301.846.2543

Doree Lynn Miles
Academic Office Manager
301.846.2505
C-212

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Courses Credits
I. Accounting Education - 29 credit hours  
ACCT 100–Business Accounting 3
ACCT 101–Principles of Accounting I 3
ACCT 102–Principles of Accounting II 3
ACCT 201–Intermediate Accounting I 4
ACCT 202–Intermediate Accounting II 4
ACCT 203–Managerial Cost Accounting 3
ACCT 205–Federal Income Tax Accounting 3
ACCT 206–Federal Taxation: Corporations
     and Partnerships  or
 
ACCT 216–Governmental and Not-for-Profit Accounting 3
ACCT 214–Auditing 3
  29
II. Business Related Education - 21 credit hours required from five of the following seven groups  
Group 1: Statistics  
MA 206–Elementary Statistics 3
Group 2: Economics  
EC 201–Principles of Economics 3
EC 202–Principles of Economics 3
Group 3: Corporation or Business Finance  
BU 213–Principles of Finance 3
Group 4: Management  
BU 227–Principles of Management 3
Group 5: U.S. Business Law  
BU 211–Business Law I 3
BU 212–Business Law II 3
Group 6: Marketing  
BU 225–Marketing 3
Group 7: Business Communication  
BU 273–Business Communications 3
  21
III. Business Ethics or Philosophy of Ethics - 3 credit hours  
PH 208–Business Ethics or  
PH 205–Ethics 3
Total 53
 
The Certified Public Accountant (CPA) designation is a nationally recognized achievement that denotes being at the top of the profession. Salaries for accountants who have passed the CPA exam are 10 to 15% higher than for those without this certification, according to Robert A. Half International, one of the world’s largest accounting staff placement firms.

The state of Maryland requires candidates for the Uniform CPA examination to have completed 150 college credits and obtained a bachelor’s degree in any area of study. As part of the 150 credit hour requirement, candidates must complete specific courses in accounting, business-related subjects, and ethics as described in state regulations.

FCC’s CPA Exam Prep certificate program is designed for students who have a baccalaureate degree but need to complete the additional course requirements to sit for the CPA exam in Maryland.

The program teaches skills required in:
  • financial accounting and reporting, 
  • managerial cost accounting, 
  • federal income tax accounting, 
  • auditing,
  • ethics, and
  • business topics related to management, finance, law, marketing, economics, business communications, and statistics. 
Students will be able to:
  • Apply the steps in the accounting cycle to record accounting transactions and adjustments, and create financial statements according to generally accepted accounting principles.
  • Demonstrate a comprehensive understanding of accounting principles and their application as they relate to financial statements for all businesses.
  • Apply managerial accounting concepts to solve business financial problems.
  • Demonstrate a comprehensive understanding of auditing principles, generally accepted auditing standards; and their application to the examination of financial statements.
  • Demonstrate a comprehensive understanding of federal tax law and principles as it applies to individuals, partnerships, and corporations.
  • Demonstrate basic business conceptual knowledge as required by the Maryland State Board of Public Accountancy.
  • Demonstrate awareness of ethics as required by the Maryland State Board of Public Accountancy.

Applicants for a Maryland CPA license must:

  1. Satisfactorily complete a Board approved-accounting curriculum while earning a minimum of 150 semester hours or their equivalent.
  2. Pass the Uniform CPA Examination. Examination candidates must pass each of the following sections of the Uniform CPA Examination with a grade of 75%: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Regulation (REG), and Financial Accounting and Reporting (FAR).
  3. After passing the Uniform CPA Examination, a candidate must complete a Home Study Course in Professional Ethics that is offered by the American Institute of Certified Public Accountants. The candidate must send a copy of the ethics course completion certificate with the Report of Practical Experience in order to complete the license application process.
  4. Following passage of the Uniform CPA Examination, an applicant must file a Report of Practical Experience that documents that the applicant has a minimum of 2,000 hours of experience in accounting-related activities verified and endorsed by a licensed CPA.
(FCC courses are recommended based on information provided by the Maryland Department of Licensing and Regulation. However, the college has no authority over the state’s acceptance of any courses to satisfy specific requirements. Those interested in more information regarding the requirements to sit for the CPA exam in Maryland should contact the State Board of Public Accountancy, 500 N. Calvert Street, Room 308, Baltimore, MD 21202-3651 or email cpa@dllr.state.md.us or call 410.230.6258.)

For more specific information concerning Maryland Requirements go to DLLR’s website at:  http://www.dllr.state.md.us/license/cpa/cpaexam/. Additional information concerning the uniform CPA exam can also be found at:  http://www.aicpa.org/.

CPA Licensing in Other States

Prospective accounting majors should carefully research accounting curricula and the requirements of any states in which they hope to become licensed.

All states use the four-part Uniform CPA Examination prepared by the American Institute of Certified Public Accountants (AICPA). The CPA examination is rigorous, and less than one-half of those who take it pass any part they attempt. Candidates are not required to pass all four parts at once, but most states require candidates to pass all four sections within 18 months of passing their first section. The CPA exam is now computerized and is offered two months out of every quarter at various testing centers. Most states also require applicants for a CPA certificate to have some accounting experience requirement (Maryland’s experience requirement is 2,000 hours - see DLLR website for details); however requirements vary by state or jurisdiction.

Due to the complexity of the Uniform CPA Exam, many students find a CPA exam review course helpful to achieve their goals of passing the CPA exam. FCC does not offer such a review course; however, there are numerous commercial providers of CPA exam study materials including CD, online, or in-class formats.