Tax Preparation Washington State

Document Sample
Tax Preparation  Washington State Powered By Docstoc
					Welcome to our wonderful
  world of Accounting
    Accounting Programs

   CPA Starter Program – Certificate of Accountancy
   Associate of Applied Science Degree in Accounting
   Computerized Accounting Certificate
   Bookkeeping Certificate in Accounting
   Tax Preparation Certificate
   Advanced Tax Preparation Certificate
   Accounting Achievement Certificate
   College AB Transfer Program
   NEW! Not-for-Profit Management Certificate
Accounting Faculty
     Ron Woods, Coordinator
     Jesse Beyer
     Pat Bouker
     David Chu
     Natalie Daniels
     Bob Ernst
     Keith Foe
     Chris Fulton
     Elias Godifay
     Jane Goforth
     Larry Hopt
     Xueping Hou
     Lauren Psomostithis
     Joe Smith
     Huian Tian
     Ilsabe Urban
    Course Delivery Options
   Daytime Onsite – Daily classes

   Evening Onsite – Twice a week classes

   Distance Learning – Most accounting programs are offered
    fully online
    Fall Quarter Accounting Classes
   ACCT 110 Introduction to Accounting/Bookkeeping I
   ACCT 120 Introduction to Accounting/Bookkeeping II
   ACCT 131 QuickBooks
   ACCT&201 Principles of Accounting I
   ACCT&202 Principles of Accounting II
   ACCT&203 Principles of Accounting III
   ACCT 251 Intermediate Accounting I
   ACCT 252 Intermediate Accounting II
   ACCT 255 Individual Income Tax
    ACCT 256 Taxation of Corporations
   ACCT 257 Business Tax Accounting
   ACCT 260 Peachtree
   ACCT 261 Accounting Information Systems
   ACCT 265 Accounting for Not-for-Profit and Government Entities
   ACCT 267 Not for Profit Financial Management
   ACCT 268 Computerized Accounting Simulations
   ACCT 275 Auditing
New Courses and Certificates

   ACCT   267   Not-for-Profit Financial Management
    ACCT   268   Computerized Accounting Simulations
    ACCT   269   Not-for-Profit Practices and Procedures
    ACCT   254   Advanced Accounting

   Not-for-Profit Management Certificate
•
 Accountants and auditors are expected to experience much faster
than average employment growth from 2008-18

Job opportunities should be favorable; accountants and auditors who
•

have a professional certification, especially CPAs, should have the best
prospects

•
    Employment change. Employment of accountants and auditors is
expected to grow by 22 percent between 2008 and 2018,
 which is much faster than the average for all occupations

•
    This occupation will have a very large number of new jobs arise,
    about 279,400 over the projections decade.
            Private Industry
         Financial Institutions
       Educational Institutions
        Tax Preparation Firms
               CPA Firms
    Not-for-Profit Organizations
       Religious Organizations
Federal, State, and Local Government
McGladrey & Pullen, CPA’s
Dewar Meeks + Ekrem, CPA’s
Benson McLaughlin, CPA’s
Ken Duncan, CPA
 Accountemps
America One Finance
Internal Revenue Service
Cascadia Community College
CPA Seattle, PS
Foster and Co., PS, CPA’s
Greenwood, Ohlund & Company, CPA’s
Holland America Line
North Seattle Community College
Olympic Mechanical
Pharmax, LLC
American Red Cross
Aptimus, Inc.
Bayley Davis Associates
Directors, Ltd.
Nancy currently works for an international CPA firm.
Four year degree in any discipline

A total of 150 semester (225 quarter) college credits

36 quarter credits in accounting including 22.5 credits of upper level
accounting courses

36 quarter credits in other business courses. (Additional accounting courses
over and above the 36 required quarter credits count as other business
courses.)

See Washington State Board of Accountancy Web Site at
www.cpaboard.wa.gov
               Can’t decide?
Visit: http://www.startheregoplaces.com
   to see if accounting is right for you!
Accounting instructors work closely
with the North Seattle Community
College Student Advising Services to
assure that new and current students
get up-to-date information needed to
help them make good decisions.
Well Qualified Tutors Provide
    Individual Assistance
  Monday through Friday
Available on a drop in basis
        Entirely free
         1:00 – 5PM
  Popular accounting software
 programs such as QuickBooks
and Peachtree are available for
          student use
Accounting firms
Not-for-Profit Organizations
Private Employers
Tax Preparation Firms
    Financial Aid Resources
   Federal, State, and Institutional Financial Aid
   Scholarships
   International Student Programs
   Veterans’ Assistance
   Workforce Education Tuition Assistance
   Carl Perkins Grants
   Emergency Assistance
 New Programs on the Drawing
           Board

 I-BEST Accounting Certificate
 Fully online Bookkeeping Certificate
            Got Questions?
Please contact:

   Ron Woods at rwoods@sccd.ctc.edu

   or Joe Smith at jcsmith@sccd.ctc.edu

   Lauren Psomostithis at lpsomostithis@sccd.ctc.edu

   or Pat Bouker at pbouker@sccd.ctc.edu
Steps to Achieving a Remarkable Professional
                                 Credential
What Is a CPA?
 Stands for Certified Public Accountant
 Trusted financial advisor who helps
  individuals, businesses, and other
  organizations plan and reach their financial
  goals
 All CPAs are accountants, but not all
  accountants are CPAs
 The CPA credential is a symbol of trust and
  professionalism in the world of business
To Become a CPA
• 3 E’s are required for licensure:
  – Education
  – Exam or Uniform CPA Examination
  – Experience
• State Boards of Accountancy determine the
  laws and rules for each state/jurisdiction
• Visit NASBA (National Association of State
 Boards of Accountancy) for each state’s
 requirements
  http://www.nasba.org/
Education
 Requirements vary by state/jurisdiction
 Most states now require 150 semester hours
 Number of accounting hours (in the 150
 total) is dependent on state requirements
Uniform CPA Examination
• Computer-based format
• Consists of 4 sections
   – Auditing and Attestation
   – Business Environment and Concepts
   – Financial Auditing and Reporting
   – Regulation
• Same test no matter where it is taken
• Passing score is 75 on a 0-99 scale
• Question types include multiple choice, simulation
  and written communication
• Eligibility to sit for exam depends on state
Experience
 A candidate is an applicant for a CPA license
 Many states require the candidate to have 1 – 2
  years experience under a CPA
 Additional requirements vary by the candidate’s:
   Education – e.g. Graduate degree vs. 150 hours of
    undergraduate
   Employer(s) – e.g. Public accounting firm vs.
    industry
   Type of work – e.g. Tax professional vs. auditor
Licensure
 Licenses gives the right to practice public
  accounting
 Some states require Ethics exam
 Must comply with rules of professional
  conduct
Maintaining the License
 Continuing Professional Education (CPE)
   Typically 40 hours per year
   Types (e.g. computer-based vs.
     group/classroom learning) of CPE vary by
     jurisdiction
    May need Ethics training and compliance
    Subjects vary depending to type of license and
     area of employment
 Renewal every period
AICPA Membership
• National membership organization for the
  profession
• Support for the diverse membership and efforts to
  build the future of the profession
• Advocacy with standard setters and state boards
• Professional excellence in terms of professional
  ethics, training, peer review
• Discounts and affinity programs
• Specialty areas and credentials
State Society Membership
 State CPA Society vs. State Board of
  Accountancy
   Society is a membership organization
   Board sets policy
 How do Society and AICPA differ?
   National vs. state/jurisdiction
   Work closely together in many cases
   Let’s Review
Most requirements are determined by the state/jurisdiction in which you hope to
      practice. In general, this is a summary of the steps to CPA licensure.

               • Accounting degree
  Education    • 150 semester hours

               • Apply to sit based on state requirements
    Exam       • Pass all 4 parts with a 75% or higher

               • 1-2 years in accounting
  Experience   • Under a CPA
Review Continued
   Again, this is a summary of the steps to maintaining a CPA license.
                Requirements do vary by state/jurisdiction.

        • Meet state/jurisdiction 3 E’s requirements
License • Other requirements (e.g. ethics exam)


               • 40 hours of CPE per year
Continuing
Professional   • Renew license every 1, 2 or 3 years
 Education



       • Join state society, AICPA and volunteer
Beyond • Specialize in one or more areas (e.g. CFF)
Tips
 Take it one step at a time!
 Focus on the education requirement first
 Become eligible to sit for the Uniform CPA
  Examination
 Study for the CPA Exam
 Understand your state/jurisdiction’s
  requirements
 Gain the required experience
Resources
• NASBA web site at http://www.nasba.org/
• AICPA web site for CPA candidates at
  http://www.aicpa.org/Becoming+a+CPA/CP
  A+Candidates+and+Students/
• Start Here Go Places web site at
  http://www.startheregoplaces.com/

				
DOCUMENT INFO
Description: Tax Preparation Washington State document sample