How to Become a CPA in Nevada | Unlocking Your Potential

Steve Bennett
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Nevada CPA

In Nevada, becoming a Certified Public Accountant (CPA) is a rewarding and fulfilling career path for those interested in finance, accounting, or aspiring Limited Liability Company owners. CPAs are in high demand and enjoy lucrative salaries, job security, and growth opportunities. In Nevada, as in any other state, aspiring CPAs must fulfill certain educational, experience, and examination requirements to become licensed. This comprehensive guide will walk you through the steps to Becoming a CPA in Nevada and provide valuable tips and resources to help you succeed.

Webinarcare Editorial Team will help you gain knowledge through thorough research and market study. Before you become a CPA, all the steps in this article must guide you.

What is a CPA?

A CPA, or Certified Public Accountant, is a professional accountant who meets the educational, examination, and experience requirements to become licensed in Nevada. CPAs are accounting, finance, and taxation experts, providing valuable services to individuals, businesses, non-profit organizations, and government agencies.

In Nevada, CPAs are licensed and regulated by the Nevada Board of Accountancy, ensuring that they adhere to strict professional and ethical standards. CPAs in Nevada offer a range of services, including but not limited to:

  • Tax planning and preparation for individuals, LLCs, and corporations
  • Financial statement preparation and analysis
  • Auditing and assurance services
  • Nevada Business Consulting
  • Internal control and risk management
  • Forensic accounting and fraud investigation

As a CPA, one can work in various sectors, including public accounting firms, Nevada Corporations, government agencies, non-profit organizations, or as a self-employed professional. Regardless of the specific role, a CPA has the necessary knowledge, skills, and expertise to help clients navigate the complexities of financial management and make informed decisions.

To maintain their CPA license in Nevada, CPAs must also adhere to continuing professional education (CPE) requirements, ensuring that they stay up-to-date with current accounting standards, tax regulations, and industry best practices. This ensures Nevada CPAs provide their clients with the highest service and expertise.

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How to Become a CPA in Nevada

Suppose you’re considering becoming a CPA in Nevada. In that case, it’s important to understand the steps and requirements involved in obtaining your license and starting your professional journey. This step-by-step guide will walk you through becoming a CPA.

Step 1: Fulfill The Educational Requirements

The first step to becoming a CPA in Nevada is to complete the necessary education requirements. The Nevada Board of Accountancy requires CPA candidates to hold a bachelor’s degree or higher from an accredited college or university. Additionally, candidates must complete 150 semester hours of college education, including specific coursework in accounting and business.

Accounting Coursework

In Nevada, CPA candidates must complete at least 24 semester hours in accounting courses, including:

  • Financial Accounting
  • Managerial Accounting
  • Auditing
  • Taxation
  • Accounting Information Systems
  • Governmental or Not-For-Profit Accounting

It is important to note that introductory accounting courses may not be counted towards the 24-hour requirement.

Business Coursework

In addition to accounting courses, CPA candidates in Nevada must also complete at least 24 semester hours in business-related courses, such as:

  • Business Law
  • Economics
  • Finance
  • Management
  • Marketing
  • Statistics

Some states also require specific coursework, such as Nevada-specific ethics courses, so check with the Nevada Board of Accountancy for any unique requirements.

Here is the coursework breakdown for becoming a CPA in Nevada.

Accounting CourseworkBusiness Coursework
Financial AccountingBusiness Law
Managerial AccountingEconomics
AuditingFinance
TaxationManagement
Accounting Information SystemsMarketing
Not-For-Profit AccountingStatistics

Step 2: Pass The Uniform CPA Examination

After completing the educational requirements, the next step to becoming a CPA in Nevada is to pass the Uniform CPA Examination on the NASBA website.

NASBA

The CPA Exam is a comprehensive, four-part test designed to assess a candidate’s knowledge and skills in accounting and business. The four sections of the CPA Exam are:

  • Auditing and Attestation (AUD)
  • Business Environment and Concepts (BEC)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

Each section of the CPA Exam is scored on a scale of 0 to 99, with a passing score of 75 or higher required for each section. The CPA Exam is administered by the American Institute of Certified Public Accountants (AICPA) and is offered at Prometric testing centers throughout the United States and, more specifically, in Nevada.

CPA Exam Application Process

To apply for the CPA Exam in Nevada, candidates must first create an account with the National Association of State Boards of Accountancy (NASBA). Once an account is created, candidates can submit their applications and send their official college transcripts to NASBA for evaluation. NASBA will then determine the candidate’s eligibility to sit for the CPA Exam based on their education and will provide an Authorization to Test (ATT) once approved. The required fee for the Nevada CPA exam application costs $774 (4 exam sections) + $100 application fee.

CPA Exam Scheduling

Once candidates receive their ATT, they can schedule their CPA Exam sections at a Prometric testing center. The CPA Exam is offered during four testing windows throughout the year:

  • January 1 – March 10
  • April 1 – June 10
  • July 1 – September 10
  • October 1 – December 10

It is important to note that candidates must pass all four sections of the CPA Exam within an 18-month window, which begins upon passing the first section. If a candidate does not pass all four sections within this time frame, they will lose credit for the oldest passed section and must retake it.

Step 3: Complete The Experience Requirement

In addition to education and examination requirements, CPA candidates in Nevada must fulfill an experience requirement to become licensed. The Nevada Board of Accountancy requires candidates to complete at least one year (or 2,000 hours) of supervised work experience in accounting, auditing, tax, or management advisory services.

A licensed CPA must supervise the work experience with an active license in Nevada or another jurisdiction with substantially equivalent requirements. It is important to note that the experience requirement must be completed within a timeframe of, at most, 36 months.

It is recommended that CPA candidates keep detailed records of their work experience, including dates, hours, tasks, and supervisor information. This documentation will be required when applying for licensure with the Nevada Board of Accountancy.

Step 4: Pass The Nevada Ethics Exam

Candidates must also pass an ethics exam before becoming a licensed CPA in Nevada. The Nevada Board of Accountancy may require a specific ethics course and exam, or candidates may be required to take the AICPA Professional Ethics Exam. This self-study course and exam cover ethical reasoning, independence, integrity, objectivity, and professional conduct. Candidates must score 90% or higher on the ethics exam to pass.

Step 5: Apply For Licensure

Once all educational, examination, and experience requirements have been met, CPA candidates can apply for licensure with the Nevada Board of Accountancy. Candidates must apply, pay $200 initial license fee, $100 annual renewal, and document their education, examination scores, work experience, and ethics exam completion.

After the Nevada Board of Accountancy reviews and approves the application, candidates will be issued their CPA license and can begin practicing as a Certified Public Accountant in Nevada.

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How Much Does a CPA Make?

The salary of a Certified Public Accountant (CPA) can vary greatly depending on factors such as years of experience, industry, company size, and job location. The average salary range for a CPA in Nevada is between $60,000 and $120,000 annually.

Entry-level CPAs with less than one year of experience can expect to earn an average salary of around $50,000 to $60,000 per year. As CPAs gain experience, their earning potential typically increases. Those with five to nine years of experience can earn an average salary of $70,000 to $90,000 per year, while CPAs with more than ten years of experience can earn upwards of $100,000 or more annually.

In Nevada, CPAs working in metropolitan areas or specialized industries, such as finance or technology, may command higher salaries than those in smaller cities or industries with lower demand for accounting services.

Additionally, obtaining specialized certifications, such as the Certified Management Accountant (CMA) or Certified Information Systems Auditor (CISA), or pursuing advanced degrees can further increase a CPA’s earning potential in accounting and finance.

FAQs

What are the requirements to become a CPA in Nevada?
You must have a minimum of 150 college credits, including a bachelor’s degree, and have completed specific accounting and business courses.
How many years of experience do I need to become a CPA in Nevada?
Based on the Nevada State Board of Accountancy’s requirements, you must have a minimum of two years of experience in public accounting or related field.
Can I take the CPA exam in Nevada if I live in another state?
Yes, you can take the CPA exam in Nevada if you live in another state as long as you meet the state’s eligibility requirements.
Do I need to reside in Nevada to obtain a CPA license?
No, you do not need to reside in Nevada to obtain a CPA license; however, you must meet the state’s licensure requirements.
What is the cost to apply for and take the CPA exam in Nevada?
The cost varies, but it typically ranges between $800 and $1000 for both the application and exam fees.
What subjects are covered on the Nevada CPA exam?
The CPA exam covers four subjects
How long is the Nevada CPA exam, and how many multiple-choice questions does it have?
The CPA exam is a four-part exam that takes 16 hours to complete. The number of multiple-choice questions varies from section to section.
Can I use a calculator during the Nevada CPA exam?
Yes, a calculator is provided during the exam.
What is the passing score for the Nevada CPA exam?
The passing score for each section of the Nevada CPA exam is 75.
How many times can I retake the Nevada CPA exam if I fail?
You may retake the exam as many times as you need until you pass; there is no limit on retakes.
How long does it typically take to receive your CPA exam scores in Nevada?
Scores are typically released within two weeks of the exam date.
What is the license renewal period for CPAs in Nevada?
The license renewal period for CPAs in Nevada is every two years.
Do I need to complete continuing education credits to renew my CPA license in Nevada?
Yes, you must complete 80 hours of continuing education credits within the two-year period before renewing your CPA license in Nevada.
Are there any specific course requirements for continuing education credits in Nevada?
No, there are no specific course requirements for continuing education credits in Nevada.
What types of activities are considered for continuing education credits in Nevada?
Acceptable types of activities for continuing education credits in Nevada include attending conferences, seminars, and workshops, and teaching or authoring papers.
How many of the continuing education credit hours can be in non-accounting subjects?
Up to 20 hours of the 80 total required hours may be from non-accounting subjects.
How can I verify the license status of a CPA in Nevada?
You can verify the license status of a CPA in Nevada through the State Board of Accountancy.
Can I represent myself as a licensed CPA if I have only passed the exam but have not yet met the experience requirement?
No, you cannot represent yourself as a licensed CPA until you have met all education and experience requirements for licensure.
Is there a separate fee to become licensed as a CPA in Nevada, or is it included in the exam application fee?
There is a separate application fee for becoming licensed as a CPA in Nevada, which is in addition to the exam application fee.
What is the fee to obtain a CPA license in Nevada?
The fee to obtain a CPA license in Nevada varies, but it is typically around $150.
Can I use a degree from an online college to meet the education requirements for the Nevada CPA license?
It depends on the institution and curriculum. Nevada’s State Board of Accountancy evaluates each online degree application on a case-by-case basis.
How long does the licensure application process take in Nevada?
The application process typically takes four to six weeks, but the process can take longer if there are any issues with the application.
Can I apply for a Nevada CPA exam with an international degree?
Yes, you can apply for the Nevada CPA exam with an international degree; however, you must have educational transcripts and documentation reviewed by an accepted evaluation agency in the United States.
How many contacts are allowed to become my employer reference in the Nevada CPA exam application?
You must provide three references in your Nevada CPA exam application.
When will the Nevada CPA exam’s college credits requirement increase to 225?
The effective date of the requirement increase to 225 college credits for the Nevada CPA exam will be January 1, 2024.
What is the difference between a certified public accountant and a public accountant in Nevada?
A certified public accountant has passed the CPA exam and met all requirements for licensure, while a public accountant in Nevada is allowed to practice accountancy under the supervision of a licensed CPA or accounting firm.
What is the minimum age requirement to take the CPA exam in Nevada?
There is no minimum age requirement to take the CPA exam in Nevada.
How many hours of accounting credits are required to become a CPA in Nevada?
Nevada requires 24 hours of accounting credits to obtain a CPA license.
What is the qualified undergraduate accounting program rule for CPA exam candidates in Nevada?
The qualified undergraduate accounting program rule requires candidates for the Nevada CPA exam to have met minimum IMA Higher Education Funding Accounting Standards requirements involving faculty qualifications, learner expectations/self-assessment, planning, supporting processes, curriculum content, and continual improvement plans.
Is Nevada a two-tier or a three-tier state?
Nevada is a three-tier state, which means one has to pass the CPA exam, meet the educational requirements, and complete experience requirements to become licensed.
What is the fee for the CPA application in Nevada?
The application fee for the CPA in Nevada is $100.
What is the initial license fee for the CPA in Nevada?
The initial license fee for the CPA in Nevada is $200.
What is the renewal fee for the CPA license in Nevada?
The renewal fee for the CPA license in Nevada is $200.
How many years does it take to become a CPA in Nevada?
It generally takes four to five years to become a CPA in Nevada.
Can I take the CPA exam in Nevada even if I did not finish my degree in Nevada?
Yes, you can take the CPA exam in Nevada even if you did not finish your degree in Nevada.
Does Nevada require experience before becoming licensed as a CPA?
Yes, Nevada requires experience, and you must meet this requirement before getting your CPA license.
Can I get my CPA certificate before getting my CPA license in Nevada?
Yes, you can get your CPA certificate before getting your CPA license in Nevada.
What is the required experience to become licensed as a CPA in Nevada?
The required experience to become licensed as a CPA in Nevada is 2,000 hours of work under a licensed CPA’s direct supervision.
Does Nevada require you to have a social security number to register for the CPA exam?
Yes, Nevada requires you have a social security number to register for the CPA exam.
How often can I take the CPA exam in Nevada?
In Nevada, you can take each section of the CPA exam up to three times in a 12-month period.
How long does a candidate have from the time of passing his or her last exam to fulfill the experience requirement in Nevada?
A candidate has six years in Nevada from the date of passing the last part of the CPA exam to meet the experience requirement.
If I’m licensed in another state, how do I become licensed as a CPA in Nevada?
You can become licensed as a CPA in Nevada if you meet the requirements for reciprocity, which includes meeting education, experience, and practice requirements.
Are there neighboring states that allow for reciprocal licensure with Nevada?
Yes, neighboring states such as Arizona, California, and Utah provide reciprocal licensure opportunities under specific requirements.
Is the Uniform CPA Exam a prerequisite to complete the CPA credential process?
Yes, the Uniform CPA Exam is a critical prerequisite for completing the CPA credential process.
How long is the CPA exam in Nevada?
The CPA exam in Nevada is a total of four sections that can take approximately four hours to complete each part.
What is the minimum age requirement for taking the CPA exam in Nevada?
There is no minimum age requirement to take the CPA exam in Nevada, but one must be above the age of 18 to become licensed.
How long can I retain the score for any part of the CPA exam from the date of the completion?
An NTS is valid for six months from receiving it. The NTS inspection time per examination window is a total of six months from the start of the testing window.
Can late submissions of the CPA exam application be allowed in Nevada?
Late submissions of the CPA exam application are allowed in Nevada.
What organizations provide CPE credit in Nevada?
Several organizations can provide CPE credits in Nevada, including the AICPA, NCACPA, and others.
What are the conditions for a satisfactory CPA exam in Nevada?
The conditions to pass the CPA exam in Nevada require that the candidate achieve a scaled-score of 75 or higher in each of the four sections of the test.
What is the minimum percentage required to pass the CPA exam in Nevada?
The minimum percentage required to pass the CPA exam in Nevada is 75%.
Do all ethics regulations have applications in all states, including Nevada?
Ethics regulations are state-specific, but the general principles of ideals, attitudes, and actions governing individual or group behavior relate to integrity, confidentiality, objectivity, and professional competence.
How do I contact my issuer and receive my NTS once I register for obtaining my CPA certification in Nevada?
Contact NASBA after registering for the CPA exam, as they are the non-profit organization who handles the CPA Exam applications and issuance of the NTS in Nevada.
Can I take the CPA exam after achieving a few hours towards CPA eligibility?
No, focusing on Nevada state guidelines, it is mandatory that students have completed all educational requirements to take the CPA examination.
Will failing the CPA exam in Nevada impact academic work unrelated to the CPA ?
Failing the CPA exam may be the learning process’s journey towards the credential when attempting to apply the techniques used in preparation for their future work.
How common is online education for completing credits towards becoming eligible to take the CPA exam around Nevada?
There are several ways to withstand COVID-19 uncertainty, one being the inclusion of a virtual alternative driving assignments and collaborative teamwork help prepare candidates in meeting Nevada Standards of Accounting.
How long does someone remain a CPA license holder in Nevada?
Licensure for a CPA software holder in Nevada may last more than 12 months but shall be rewoven annually.

Also Read

How to Save Money While Starting a Becoming Cpa in Nevada

First and foremost, it is crucial to evaluate your educational options to find the most cost-effective route to become a CPA in Nevada. Research various institutions offering accounting programs, analyzing not only the quality of education but also factors such as tuition fees, scholarships, and financial aid opportunities. Additionally, make sure the programs you consider fulfill the state’s educational requirements for CPAs set by the Nevada State Board of Accountancy. By being thorough in your research, you can make an informed decision that saves you money without compromising the quality of your education.

Another prudent approach to saving money while becoming a CPA in Nevada is taking advantage of study materials and resources at your disposal. It is common for aspiring CPAs to invest in pricey study guides and preparatory courses, yet there are multiple low-cost alternatives available. Utilize online resources, such as free study materials, study groups, and forums tailored to CPA candidates. Not only will this widen your knowledge base, but it can also significantly reduce your expenses in the long run.

Furthermore, consider enhancing your practical skills and knowledge through internships or entry-level positions. While it may seem tempting to aim for high-paying jobs right away, starting small can be financially advantageous. Internships not only provide valuable hands-on experience, but they often offer compensation. By acquiring real-world experience and earning during your journey to becoming a CPA, you can ease your financial burden and apply what you have learned to diverse working environments.

Additionally, careful financial planning is essential throughout the entirety of your journey towards becoming a CPA. From your educational expenses to examination fees and professional certifications, it is vital to create a detailed budget that encompasses these expenditures. This practice will enable you to track your spending, identify areas where you can cut costs, and avoid unnecessary financial strain.

To save even more money, consider exploring collaborative living arrangements, such as shared housing or roommates, especially during your education or early career stages. These arrangements can significantly reduce your living expenses since you will be splitting the costs of rent, utilities, and other related bills. Moreover, they provide a supportive and socially engaging environment that can make the early stages of your CPA journey more enjoyable.

Lastly, never underestimate the value of networking. Attend professional events, join accounting organizations, and actively seek opportunities to connect with fellow CPAs and industry professionals. Building a strong network not only enhances your professional growth but can also reveal hidden job opportunities or advice on saving money during the early stages of your career. Remember, such connections you make along the way can play a vital role in fostering your success as a CPA in Nevada.

In conclusion, starting a journey towards becoming a CPA can seem financially daunting, but with careful planning and smart decision-making, you can save money while embracing this rewarding profession. Focus on finding cost-effective educational options, leverage free or affordable study resources, gain practical experience through internships, and adopt a highly organized and detailed financial plan. Explore collaborative living arrangements, actively network with professionals, and constantly seek guidance from established individuals in the field. By following these practical steps, you can confidently embark on your path to success without straining your wallet along the way.

Conclusion

Becoming a CPA in Nevada requires dedication and hard work, but the rewards are worthwhile. With a strong foundation in education and experience, as well as successful completion of the CPA Exam and ethics exam, aspiring CPAs can enjoy a fulfilling and lucrative career in accounting and finance. By following the steps outlined in this guide, you’ll be well on your way to becoming a licensed CPA in Nevada and making a significant impact in finance.

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