Decoding CPE Credits: Top FAQs for Finance Professionals

Written by CFI Team

Reviewed by Jeff Schmidt

Read Time 4 minutes

Keeping your professional certification active requires earning Continuing Professional Education (CPE) credits. Industry governing bodies require professionals to complete CPE credits to maintain finance and accounting certifications. Beyond compliance, CPE keeps professionals updated on industry trends and provides an opportunity for skills development.

But what exactly are CPE credits, and how can you make the most of them? This FAQ answers the most common questions to help you navigate the world of CPE credits with ease.

What are CPE Credits?

CPE credits track the time you spend learning through approved activities like courses, seminars, conferences, and workshops that help professionals maintain and enhance their skills.

How Do CPE Credits Work?

CPE credits measure the time and effort you invest in approved learning activities. Certification governing bodies like the AICPA, ACCA, and CFP Board set the standards for what qualifies as a CPE activity. This attention to educational quality ensures the content is relevant and meets professional development objectives.

What is the Standard Time Equivalent for 1 CPE Credit?

One CPE credit is equivalent to 50 minutes of active participation in an approved educational program. This standardized measure ensures consistency across certification bodies and CPE course providers like CFI.

Who Needs CPE Credits?

CPE credits are typically required for professionals holding certain finance certifications or licenses. Each certification body sets its own requirements, so it’s important to check the specific rules for your credential.

Major finance certifications include:

Certified Public Accountant (CPA)*
Certified Management Accountant (CMA)
Certified Financial Planner (CFP)
Chartered Global Management Accountant (CGMA)
Certified Internal Auditor (CIA)
Financial Risk Manager (FRM)
Enrolled Agent (EA)
Certified Information Systems Auditor (CISA)
Chartered Financial Analyst (CFA) — Note: CPE is voluntary for CFAs and strongly encouraged by the CFA Institute.

*Requirements in the U.S. vary by state boards of accountancy. For specific CPE credit requirements and reporting periods, consult your certifying organization directly, as requirements may vary and are subject to change.

Why are CPE Credits Valuable?

Compliance: Maintaining certifications often requires earning a specific number of CPE credits within a reporting period.

Skill Enhancement: CPE courses help you stay current with evolving industry practices and emerging technologies.

Career Growth: Employers value professionals who invest in continuing education, as it demonstrates a commitment to excellence.

How Many CPE Credits Do I Need?

The number of CPE credits required varies by certification and jurisdiction. To know your specific requirements, consult the governing body for your certification. Staying informed ensures compliance and avoids penalties.

How Many CPE Credits Do CPAs Need?

CPAs typically need to earn 40 CPE credits annually. However, specific requirements may vary depending on the jurisdiction or licensing body. Always check with your local board of accountancy for precise details.

Are Ethics Credits Mandatory for CPAs?

Yes, professional ethics credits are often mandatory for CPAs to maintain their licenses. Most jurisdictions require a specific number of ethics-focused CPE credits annually or per reporting cycle to ensure adherence to professional standards.

What Types of Activities Count Toward CPE Credits?

CPE credits can be earned through a variety of activities, including:

Online Courses: Flexible, self-paced learning options like those offered by CFI.
Seminars and Conferences: In-person or virtual events focusing on specific topics.
Webinars: Interactive sessions that cover trending topics in finance.
Workshops: Hands-on learning experiences that build practical skills.

How Do I Choose the Best CPE Courses?

Choosing the best CPE courses involves:

Aligning with Career Goals: Select courses that enhance skills relevant to your current role or future aspirations.
Checking Accreditation: Ensure the courses are accredited by recognized organizations, such as NASBA.
Prioritizing Flexibility: Opt for self-paced or online courses that fit your schedule.
Exploring Practical Applications: Look for courses that provide actionable insights and hands-on learning opportunities.

How Can I Track and Report My CPE Credits?

Most certification bodies provide tools for tracking your credits. Here are some tips:

Keep Documentation: Save completion certificates and proof of attendance.
Use Online Tools: Many organizations offer portals to log and track your credits.
Set Reminders: Avoid last-minute rushes by planning your learning schedule in advance.

In addition, online CPE course providers like CFI make managing your courses and credits simple. From your personal dashboard, you can see completed credits, download course certificates, track your learning progress, and get tailored course recommendations and free resources.

What If I Fail to Meet My CPE Requirements on Time?

Failing to meet your CPE requirements can result in penalties such as fines, license suspension, or additional educational requirements. Stay proactive and plan your learning activities well in advance of deadlines to avoid these consequences.

Why Choose CFI for Earning CPE Credits?

CFI stands out as a top choice for professionals looking to earn CPE credits while advancing their careers. Here’s why:

Extensive Finance-Specific Course Catalog: Explore CFI’s extensive library of CPE courses across diverse finance and accounting topics, allowing you to tailor your learning to your specific CPE goals.
Accredited and Verifiable Credits: Offers 400+ accredited CPE credits recognized by leading industry bodies like NASBA, AICPA, and ACCA. This accreditation ensures the CPE credits you earn are recognized and verifiable for maintaining your certifications.
Real-World Expertise: Courses are designed by seasoned industry professionals, offering practical, applicable knowledge you can use immediately in your role.
Flexibility for Busy Schedules: Access courses on-demand, anytime, anywhere, making it easy to fit learning into your schedule.
Affordable Membership Model: CFI offers unlimited access plans to all courses at a single cost-effective rate, allowing you to earn credits without worrying about individual course costs.
Career Advancement Opportunities: Beyond earning credits, CFI’s certifications (like FMVA®, BIDA™, and an FP&A Specialization) help you build the specialized skills employers value most.

By choosing CFI, you not only stay compliant with your CPE requirements but also gain the tools and knowledge to excel in your career.

How Do I Get Started with CFI?

Getting started with CFI is simple:

Explore the Course Catalog: Browse CFI’s comprehensive CPE-credit courses.
Choose Your Membership Plan: CFI offers an all-access membership that provides unlimited course access at a single cost-effective rate.
Start Learning: Complete courses at your own pace and earn verifiable CPE credits.

Ready to Earn CPE Credits?

With CFI’s flexible, expert-led courses, fulfilling your CPE requirements is both straightforward and impactful. Build the skills you need to excel in your career while maintaining your professional certifications.

Earn Your Credits!