Department of Business and Economics
Rockville Campus, Humanities Building, Suite 261
MARYLAND
C.P.A. EXAM REQUIREMENTS
Montgomery College
offers all of the required courses.
General Requirements
To take the Uniform CPA Examination, applicants must have satisfactorily completed 150 undergraduate semester hours (or 225 undergraduate quarter hours), including the attainment of a baccalaureate or higher from an accredited institution of higher education as specified in the Maryland Public Accountancy Act (conversion rates: one graduate semester hour is equivalent to 1.5 undergraduate semester hours; one graduate quarter hour is equivalent to 1 undergraduate semester hour; one undergraduate quarter hour is equivalent to .67 undergraduate semester hour). 57 of the 150 semester hours must be in accounting and business-related subjects, as allocated among the following three subject areas: Accounting Education, Business-Related Education, and Ethics Education.
GROUP I - Accounting Education
An applicant must have successfully completed 27 semester hours (41 undergraduate quarter hours) in accounting subjects. Applicants must have completed one course (3 undergraduate semester hours/4 undergraduate quarter hours) each in auditing, managerial accounting (or cost accounting), and U.S. Federal Income Tax; nine undergraduate semester hours (12 undergraduate quarter hours) in financial accounting; and nine undergraduate semester hours (12 undergraduate quarter hours) of elective accounting courses. Please note that AC 201 and AC 202 are pre-requisites for all higher-level accounting courses at Montgomery College.
Course Subject: AUDITING
(At least 3 undergraduate semester
hours or 4 undergraduate quarter hours)
Montgomery College Course:
AC 215 – Auditing- 4 credits
Course Subject: FINANCIAL ACCOUNTING
(At least 9 undergraduate semester hours or 12
undergraduate quarter hours)
Montgomery College Courses:
AC 201 – Accounting I- 4 credits
AC 207 – Intermediate Accounting I- 4 credits
AC 208 – Intermediate Accounting II- 4 credits
Course Subject: MANAGERIAL ACCOUNTING or COST ACCOUNTING
(At least 3 undergraduate semester hours or 4
undergraduate quarter hours)
Montgomery College Courses:
AC 202 – Accounting II- 4 credits or
AC 217 – Cost Accounting- 3 credits
Course Subject: U.S. FEDERAL INCOME TAX
(At least 3 undergraduate semester hours or 4 undergraduate
quarter hours)
Montgomery College Course:
AC 213 – Individual Income Taxation- 4 credits
Course Subject: ELECTIVE ACCOUNTING COURSES
Montgomery College Courses:
AC 209 – Advanced Accounting- 3 credits
AC 210 – Governmental and Non-Profit Accounting- 3 credits
AC 214 – Corporate Taxation- 4 credits
GROUP II - Business-Related Education
An applicant must have 21 undergraduate semester hours
(32 undergraduate quarter hours) in five of the following seven
business-related subject areas:
- Subject Area: STATISTICS
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Course:
BA 210 – Business Statistics- 3 credits
- Subject Area: ECONOMICS
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Courses:
EC 201 – Principles of Macroeconomics- 3 credits
EC 202 – Principles of Microeconomics- 3 credits
- Subject Area: CORPORATION OR BUSINESS FINANCE
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Course:
AC 219 – Business Finance- 3 credits
- Subject Area: MANAGEMENT
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Course:
MG 101 – Principles of Management- 3 credits
- Subject Area: U.S. BUSINESS LAW
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Course:
MG 201 – Business Law- 3 credits
- Subject Area: MARKETING
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Course:
MG 103 – Principles of Marketing- 3 credits
- Subject Area: BUSINESS COMMUNICATION
(At least 3 undergraduate semester hours or 4 undergraduate quarter hours)
Montgomery
College Courses:
SP 212 – Business and Professional Speech Communication- 3 credits
GROUP III - Ethics Education
An applicant must have 3 undergraduate semester hours (4
undergraduate quarter hours) in ETHICS
Montgomery College Course:
AC 216 –
Business Ethics- 3 credits
Please see the Maryland State Board of Public Accountancy website link for any changes to these requirements. In addition more detailed course descriptions are available at: http://www.dllr.state.md.us
Experience Requirement
There is a 2,000 hour experience requirement for those applying for an initial license after October 1, 2000.
Information Sources for CPA Candidates in Maryland:
www.cpa-exam.org
State Board for Public Accountancy
500 N. Calvert Street, Room 308
Baltimore, Maryland 21202-3651
410 230-6258
Fax: 410 333-6314
e-mail:
cpa@dllr.state.md.us
AICPA - Academic and Career Development
1211 Avenue of the Americas
New York, New York 10036-8775
1-212 596-6620
www.aicpa.org
Maryland Association of CPAs
P. O. Box 4417
Lutherville, MD 21094
410 296-6250 or 1 800 782-2036
www.MACPA.org
www.tomorrowscpa.org
CPA Exam Review Programs:
Becker/Convisor CPA Review 800 842-6996 www.beckercpa.com
Borra CPA Review 301 365-7525
CPA School of Washington 202 224-5599
Yeager CPA Review 1-301 340-3344 www.yaegerCPAreview.com
Please check the phone book for any changes in telephone numbers.
If you have any questions, you may call the Montgomery
College Department of Business and Economics at 240 567-5137 or contact:
Professor Bill Talbot
Accounting Coordinator
240 567-5014
bill.talbot@montgomerycollege.edu
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