Hi everyone, I am thinking of taking the CPA exam and I have couple questions if anyone can answer.
1. Is there a time limit from passing the CPA exam to getting licensed? I graduated with 121 credits and currently I have a full time job, so it will take a while for me to fulfill the 150 credit requirement even if I pass the exam.
2. I work at a private company with 60 employees and only 3 are doing the accounting work including me. None of us have CPA license and my area of work mostly consisted of preparing invoices, doing payroll and expense reimbursements. Will that qualify as required work experience? If so, I have to get an outside CPA to sign off right? Does anyone have any experience regarding this?
3. On average, how many hours of study is recommended for each section of the CPA exam? If I plan to study 4 hours a day on weekdays and 5 hours on weekends, that will be 30 hours a week. When should I start the study if I plan to take a section of the exam in October?
4. I know that once you pass the 1st exam, you must pass the other 3 within 18 months. However, I heard that if you repeatably fail 1 exam, it will invalidate other exams that you have already passed and you have to take them again?
Thanks!