I agree. The CPA letters, along with other hard to get designations really do help you stand out and shows that you have a level of professional understanding a cut above most.
Took me 9 months. Worked full-time had no life. Need about 20-25 hours a week to study. I passed all four parts on the first try. FAR-89 BEC-85 REG-84 AUD-81.
Same here: lived in mom's basement and made studying for the CPA exam my full-time job for 6 months. I had a 2.2 accounting GPA and passed all 4 parts on the first try. Back in 1995, it was only offered twice a year. it was a 2 day, 16 hour exam (4 hours per part) conducted with pencil and paper in a conference room with 100's other people.
Just subscribed! I remember watching a couple of your videos about a year ago as I was starting my career switch from a lab tech to an accountant (studying for the CPA exams right now!). All your videos are professionally made and highly underrated. Keep up the amazing work, Logan!
I am a CPA in Italy (Dottore Commercialista). The exam is very hard and the program is extremely wide. At the oral exam i was lucky because the examinator asked me what i have been doing at job and i have explained that i don't work in taxes but i do company valuations and he was very kind to ask me field related questions plus some theorical tax principles that i knew. I have thanked him a lot.
It's nice to see more professionals seeing that skills are more important than education. With that, I think CPA's are important and needed if you want to do audit and attestation work. Otherwise, the EA cert is easier (but not easy), give you the same practice rights as a CPA, but is more transferable. Good stuff. I do want to see your view on AI replacing accountants or how to develop jr accountants with the heavy use of AI in accounting.
I think what will happen is CEOs will ramp up the offshoring without any care world before they retire. And then, once they retire, AI will likely be good enough to cause a disruption in the field. Perhaps not enough to outright replace current accounts but enough to cause hiring freezes - doom for potential onshore junior accountants.
Could you make a video talking about the importance of timesheets for employees and public accounting, and how utilization and realization are taken into consideration? Were you at b4?
I dont know is it manifesting but i need this , thanks a lot for this next month hopefully i will give my first CPA paper(FAR) I will update you sir 😊 thank you so much
When i took the CPA exam over 40 years ago, the exam was 20 hours long. The financial section was 8 hours, and i scored an 86. The theory, audit, and tax sections were 4 hours each, and my scores were 75, 75, and 77 respectively. The CPA designation is worth it. It opens the door to more opportunities during your career than you can imagine.
Hey Logan your videos are really inspiring and I’m watching them as I finish up studying for the CPA exam. I do have a kind of weird question but what hardware do you use? Do you use a laptop and connect it to two different monitors or a desktop!
Nice video, in india you need to study 50 hours a week to clear ca, also ca is required in india to get success in accounting and auditing in most of the cases
I have almost 20 years exp in Accounting and finance with no CPA and I am an EA.. I have tried several times CPA exam and failed with 73 then I asked, does it worth? People in general think CPA is a tax preparer.
I want to ask please if you answered me it will be very helpful, I am accounting major with only 6 months accounting experience and other 6 months external audit experience, however, i like investment so I am working now in private equity in a very big bank. but now I want to study for professional certificate and I am confused whether I should take something that is related to private equity like KIA (private equity), or I take something that is for everything like (CFA), or more into my major (CPA) which might help me as well in my job. I know I don’t want to work as an accountant but I might open an external audit office in the future which needs CPA and as a fresh graduate it will be much easier to take it now as i remember lots of stuff and life in general easier for me since there are not much responsibilities.
I’m at a crossroads. I’ve decided to switch careers at 30. I have no college experience, but I intend to go to college online and get a bachelor’s degree. On one hand, I’ve thought about getting an accounting degree and getting my CPA, to eventually start my own firm, but I wonder if I would be bored of the work? On the other hand, I’ve thought about getting a math degree and taking statistics and becoming an actuary, but that sorta sounds boring too… And (well, there’s no more hands), on one foot, I’ve thought about becoming a lawyer, but I have NO desire to be working 80 hours per week, so I’d want to start my own firm in that too… Choices… Any thoughts?
Took it 3 times, starting in 1999. Failed all 3 times. Only have a 4 year BA. Work in Corporate Tax for a Fortune 50. Hours aren't bad. Money is great ($150k + pension + LTIs + great healthcare). Moral of the story? You rarely "need" a CPA in the corporate world, with the one exception maybe being a department head. They prize experience and skill set over everything else.
Stud, question: do you think I can pass the state board exams(during undergrad I usually would score Cs and sometimes Bs on midterm and final exams) Your vlog, thank you for the production
I don't think the CPA is worth it today. The AICPA has ruined the profession. The exam is too easy now, and, like you mentioned, the uniformity of the exam is gone. The AICPA did a terrible job regulating the exclusivity of the CPA. I never understood why someone would become a CPA just to do taxes unless the designation afforded you an exclusive license to perform a particular service. There is no way CPAs should be competing with Jack in the Hat Tax preparers
I just dont get all these "marketing" and "econ" majors. Accounting is the CORE ROOT for all these subjects, and people from these modern-day politically biased, infested subjects in colleges make fun of us accountants, and look down on the accounting majors. Once you become an accountant, you see the world for what it is.
Accounting is great but who will do the marketing for you and the jobs that the Econ majors do? I think Econ they take you into a lot of jobs although it has little applicability as a subject work wise unless you work at a very high level like jobs Phds do but because of the math and technical nature they get to go into things like Data Science and Statistical jobs and other types so it's a reasonable degree. Marketing is needed but I can kind of agree because they can basically take anyone that has a reasonable education and train them in marketing in-house.
So what do you recommend for non CPAs trying to gain new tax clients? Most businesses I approach immediately ask if I'm a CPA, then comes the long talk trying to convince them Im still competent in accounting and tax prep.
Hey, anyone who wants to chime in, please feel free, looking for advice. I’m in my mid 30s, been a cook for my entire adult life. My student loans have been forgiven (fraudulent school) so I’m looking to go back to school to get out of this hellhole of an industry. Been considering an AAS in accounting since I can do it while working full time. I have kids and a mortgage, so have to at least a lateral move financially (I make $50k). I live in Las Vegas, so not exactly a shortage of private jobs. Has anyone here made a similar change later in life? How did it go? Would you do it again?
Not sure about associates but I got my bachelors from wgu in less than 2 years while stocking shelves, make 50k at my first job. Its fully accredited and you complete it online so i think its worth considering
@@fiftyforty-threemma2924 my company (major casino group) has paid for schooling once you’re in a dept. I’m planning (roughing out still) to get my AAS at community college, transfer into an entry level position, and get my bachelors.
Your outlook for CPAs is depressing. As long as investors rely on audited financial statements I have to believe the CPA designation still carries value. Tax preparation is another story but I’d still rely more on a CPA than an EA.
I agree. The CPA letters, along with other hard to get designations really do help you stand out and shows that you have a level of professional understanding a cut above most.
Took me 9 months. Worked full-time had no life. Need about 20-25 hours a week to study. I passed all four parts on the first try. FAR-89 BEC-85 REG-84 AUD-81.
Congrats!
Hi congratulations..What is the passing score
75 is needed to pass each exam
Which country are you from?
Can you help me with it ?
Same here: lived in mom's basement and made studying for the CPA exam my full-time job for 6 months. I had a 2.2 accounting GPA and passed all 4 parts on the first try. Back in 1995, it was only offered twice a year. it was a 2 day, 16 hour exam (4 hours per part) conducted with pencil and paper in a conference room with 100's other people.
Just subscribed! I remember watching a couple of your videos about a year ago as I was starting my career switch from a lab tech to an accountant (studying for the CPA exams right now!). All your videos are professionally made and highly underrated. Keep up the amazing work, Logan!
Thank you for your support and kind words! I hope you do well on those exams!
Thanks for this video man cause it’s kicking my ass
🫡
Keep with it! You've got this!
Great video!!
I am a CPA in Italy (Dottore Commercialista).
The exam is very hard and the program is extremely wide.
At the oral exam i was lucky because the examinator asked me what i have been doing at job and i have explained that i don't work in taxes but i do company valuations and he was very kind to ask me field related questions plus some theorical tax principles that i knew. I have thanked him a lot.
It's nice to see more professionals seeing that skills are more important than education. With that, I think CPA's are important and needed if you want to do audit and attestation work. Otherwise, the EA cert is easier (but not easy), give you the same practice rights as a CPA, but is more transferable. Good stuff. I do want to see your view on AI replacing accountants or how to develop jr accountants with the heavy use of AI in accounting.
I think what will happen is CEOs will ramp up the offshoring without any care world before they retire. And then, once they retire, AI will likely be good enough to cause a disruption in the field. Perhaps not enough to outright replace current accounts but enough to cause hiring freezes - doom for potential onshore junior accountants.
Hello from Canada , as a soon to be accounting student I really enjoy your videos.
Could you make a video talking about the importance of timesheets for employees and public accounting, and how utilization and realization are taken into consideration? Were you at b4?
I dont know is it manifesting but i need this , thanks a lot for this next month hopefully i will give my first CPA paper(FAR) I will update you sir 😊 thank you so much
You can do it!
Hello bro, I am also thinking of studying cpa, can you tell me the budget and the best Institution to apply
I have 7 years in experience on public accounting. No cpa… now I’m thinking on getting it
When i took the CPA exam over 40 years ago, the exam was 20 hours long. The financial section was 8 hours, and i scored an 86. The theory, audit, and tax sections were 4 hours each, and my scores were 75, 75, and 77 respectively. The CPA designation is worth it. It opens the door to more opportunities during your career than you can imagine.
agree - I blame the decline of the license on AICPA and TXCPA
Hey Logan your videos are really inspiring and I’m watching them as I finish up studying for the CPA exam. I do have a kind of weird question but what hardware do you use? Do you use a laptop and connect it to two different monitors or a desktop!
It's a Dell Desktop XPS. You can see it below my desk ok the left side.
Nice video, in india you need to study 50 hours a week to clear ca, also ca is required in india to get success in accounting and auditing in most of the cases
I have almost 20 years exp in Accounting and finance with no CPA and I am an EA.. I have tried several times CPA exam and failed with 73 then I asked, does it worth? People in general think CPA is a tax preparer.
It's been six months since passing thinking I can land a PA job as someone who graduated outside of US. But no luck, still
I want to ask please if you answered me it will be very helpful, I am accounting major with only 6 months accounting experience and other 6 months external audit experience, however, i like investment so I am working now in private equity in a very big bank. but now I want to study for professional certificate and I am confused whether I should take something that is related to private equity like KIA (private equity), or I take something that is for everything like (CFA), or more into my major (CPA) which might help me as well in my job. I know I don’t want to work as an accountant but I might open an external audit office in the future which needs CPA and as a fresh graduate it will be much easier to take it now as i remember lots of stuff and life in general easier for me since there are not much responsibilities.
The CPA exam is like the final boss of test taking ..and conquering test taking is the ultimate factor of obtaining and retaining knowledge….
I agree! It felt like all of my accounting undergrad/grad classes summed up in 4 exams.
I’m at a crossroads.
I’ve decided to switch careers at 30.
I have no college experience, but I intend to go to college online and get a bachelor’s degree.
On one hand, I’ve thought about getting an accounting degree and getting my CPA, to eventually start my own firm, but I wonder if I would be bored of the work?
On the other hand, I’ve thought about getting a math degree and taking statistics and becoming an actuary, but that sorta sounds boring too…
And (well, there’s no more hands), on one foot, I’ve thought about becoming a lawyer, but I have NO desire to be working 80 hours per week, so I’d want to start my own firm in that too…
Choices…
Any thoughts?
You don't need an accounting degree/cpa to start your own firm.
Hey I didn’t know you went to Tech. My nephew will be starting in the music school in the fall. Any advice for living in Lubbock?
Get a bike! Campus is really big
@@taxtelegraf How did you pivot into tech? Tech field right now is pretty busted. I want to pivot but I think it is too late.
Took it 3 times, starting in 1999. Failed all 3 times. Only have a 4 year BA. Work in Corporate Tax for a Fortune 50. Hours aren't bad. Money is great ($150k + pension + LTIs + great healthcare). Moral of the story? You rarely "need" a CPA in the corporate world, with the one exception maybe being a department head. They prize experience and skill set over everything else.
Stud, question: do you think I can pass the state board exams(during undergrad I usually would score Cs and sometimes Bs on midterm and final exams)
Your vlog, thank you for the production
You can do it!
I don't think the CPA is worth it today. The AICPA has ruined the profession. The exam is too easy now, and, like you mentioned, the uniformity of the exam is gone. The AICPA did a terrible job regulating the exclusivity of the CPA. I never understood why someone would become a CPA just to do taxes unless the designation afforded you an exclusive license to perform a particular service. There is no way CPAs should be competing with Jack in the Hat Tax preparers
I am a fresher completed my graduation recently, even after watching this video I'm still confused that should I go for cpa or not ( from India) 🙂
If you have the credits to sit for the exam, I would do so.
I just dont get all these "marketing" and "econ" majors.
Accounting is the CORE ROOT for all these subjects, and people from these modern-day politically biased, infested subjects in colleges make fun of us accountants, and look down on the accounting majors.
Once you become an accountant, you see the world for what it is.
Accounting is great but who will do the marketing for you and the jobs that the Econ majors do? I think Econ they take you into a lot of jobs although it has little applicability as a subject work wise unless you work at a very high level like jobs Phds do but because of the math and technical nature they get to go into things like Data Science and Statistical jobs and other types so it's a reasonable degree. Marketing is needed but I can kind of agree because they can basically take anyone that has a reasonable education and train them in marketing in-house.
Not you taking less time to study and getting the same score as me on BEC.
Me, an Econ major, who took 3 weeks.
😆
So what do you recommend for non CPAs trying to gain new tax clients? Most businesses I approach immediately ask if I'm a CPA, then comes the long talk trying to convince them Im still competent in accounting and tax prep.
Are you an EA?
@@taxtelegraf I am also an EA looking to bring in more clients
@@taxtelegraf I'm not, just a regular bachelors degree holding accountant.
@@paulmeek537I feel like the recommendation will be to get a certification. Sounds like it would be worth your time and money.
Hey, what do you think about pursuing CPA with no prior experience in accounting and being a fresher?
I'm not sure what a fresher is but you can pass anything with enough studying.
@@taxtelegraf being a fresher means a student who has no prior experience kn accounting and who is new to accounting.
Hey Logan, where can I find your tax channel?
Go here: www.youtube.com/@taxtelegraf
There will be a section called "other channel" where you will find the Tax channel.
Thank you!
As you said you just made a perfect score of 75 that's close to the passing marks will I get a good job if I score the same ?
Does the score matter?
No one asks what scores you got on the exams. Passing is the only thing that matters.
You need a 75 to pass. Any more is irrelevant and any less is failure
Hey, anyone who wants to chime in, please feel free, looking for advice.
I’m in my mid 30s, been a cook for my entire adult life. My student loans have been forgiven (fraudulent school) so I’m looking to go back to school to get out of this hellhole of an industry.
Been considering an AAS in accounting since I can do it while working full time. I have kids and a mortgage, so have to at least a lateral move financially (I make $50k).
I live in Las Vegas, so not exactly a shortage of private jobs.
Has anyone here made a similar change later in life? How did it go? Would you do it again?
Not sure about associates but I got my bachelors from wgu in less than 2 years while stocking shelves, make 50k at my first job. Its fully accredited and you complete it online so i think its worth considering
@@fiftyforty-threemma2924 my company (major casino group) has paid for schooling once you’re in a dept. I’m planning (roughing out still) to get my AAS at community college, transfer into an entry level position, and get my bachelors.
Is CMA USA good certification to go for..
I have no idea! I have no experience with the CMA.
Is it worth it to move to america to pursue masters in accountancy and CPA?????
Maybe?????
I'M an ACCA and was wondering if the CPA is worth it
Are you in the US?
@@taxtelegraf no, but I wouldn't moving to if it's worth it.
answer: NO
It depends 🫡
Your outlook for CPAs is depressing. As long as investors rely on audited financial statements I have to believe the CPA designation still carries value. Tax preparation is another story but I’d still rely more on a CPA than an EA.
It's depressing because it's true