How to Earn CPE Credits?
A Certified Professional Accountant needs to earn CPE credits that meet the requirements of the state Board of Accountancy. Continuing Professional Education is a requirement for all CPAs. It enables them to maintain their license and ensures that they stay up-to-date with the latest in the fields of taxation and accounting. CPE is essential since companies are always looking to hire competent professionals, and they need CPAs to continually provide high-quality services.
The number of CPE credits needed by a CPA depends on the type of training and how CPE is administered. For example, participating in a two-day workshop can be worth six credits. In general, one CPE credit is equivalent to 50 minutes of professional financial training. The key is to find a way that best suits your learning preference and schedule.
How to Earn CPE Credits
The good thing is, there are different ways to earn CPE credits. Here are some of the popular learning methods:
1. Attend seminars and workshops
From classroom learning and one-day seminars to workshops about skills development, there is a vast selection of networking events where you can earn CPE credits. Seminars and workshops are great avenues not only to learn the latest strategies and tools in the industry but also to meet like-minded people and expand your professional network.
2. Take online courses
You can also earn CPE credits by taking free courses offered by various companies and educational institutions online. Take Corporate Finance Institute as an example. CFI is a member of the National Registry of CPE Sponsors and provides free online courses that are approved by the National Association of State Boards of Accountancy (NASBA).
3. Attend on-demand courses
An on-demand course is a self-paced learning method that utilizes pre-recorded video lessons. Various CPE platforms offer self-study and on-demand courses where you can earn CPE credits anytime and anywhere you want.
Another thing to keep in mind about CPE courses is that there are paid and free options. In general, paid CPE courses tend to offer topics that are more relevant to your requirements. Also, sessions that are presented as webinars offer better quality, however, they can be expensive. On the other hand, you can earn CPE credits faster with free courses. However, webinars sometimes come with poor graphics or technical glitches.
The solution? You can combine paid and free options to earn CPE credits. The key is to look for reputable platforms and companies that offer CPE-approved courses. It is also essential to manage your time wisely throughout the year so you will be able to meet the number of credits needed by the end of the year.
When you think about learning or going to school many years ago, the first thing that comes to mind is a classroom setup. However, with the advancements in technology as well as the varying demands of students, professionals, and companies across industries, learning can now be done in several ways. It is seen in all areas of education, from the first few years of kids in primary school and even to professionals like CPAs. Earn CPE credits to make sure that you can stay relevant in your field.
CFI is the official provider of the Financial Modeling and Valuation Analyst (FMVA)™ certification program, designed to transform anyone into a world-class financial analyst.
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