What are Free CPE Credits for Accountants?
There may be paid CPE options, but the good thing is, there are also free CPE credits for accountants. Certified Public Accountants (CPAs) need to obtain the required number of CPE credits so they can keep their licenses and continue providing services to clients in various industries.
Importance of Continuing Professional Education
The fields of taxation and accounting and always evolving, which can be attributed to the varying needs of companies across industries and the advancements in technology. Certified Public Accountants should learn to embrace change – to adapt and evolve together with the industry landscape. They need to know the latest strategies and tools to ensure that they will be able to provide high-quality professional services to their clients.
But how can they do that? What they’ve learned when they were students may not be enough years later to stay relevant in their field. It is where Continuing Professional Education comes in. CPAs need to obtain CPE credits not only to maintain their license so they can continue their practice but also to equip them with the knowledge and latest technical know-how. Companies rely on them when it comes to tax- and accounting-related aspects, so it is only imperative for CPAs to continue learning and be updated on best practices and trends in the industry.
A lot of paid courses are available and are administered in several ways: in-classroom setting, webinar, conferences, etc. There are also free CPE credits for accountants, which is great news considering that paid options can be expensive. When it comes to the number of CPE credits to be earned, it is determined by the state’s Board of Accountancy.
It means that CPE requirements may vary depending on the state where the CPA is registered to practice. Also, the number is based on the kind of training or manner that it is administered. For example, one CPE credit is equivalent to attending a 50-minute professional financial training.
How to Obtain Free CPE Credits for Accountants
Take a look at some companies and institutions that offer free CPE credits for accountants:
1. Corporate Finance Institute®
A member of the National Registry of CPE Sponsors, CFI offers free courses that are approved by the National Association of State Boards of Accountancy (NASBA). The courses include Fixed Income Fundamentals, Excel Crash Course, and Introduction to Corporate Finance.
2. LinkedIn Learning
Free CPE credits for accountants can also be earned from LinkedIn Learning, a popular networking platform for professionals. It features more than 160 CPE-approved courses.
Specializing in offering courses for CPAs, CFPs, and Enrolled Agents, CPECredit provides an eight-hour CPE package that covers different topics, including applications, taxation, and computer software.
4. Ernst & Young
Ernst & Young provides webcasts covering topics such as banking, accounting, and insurance. It is one of the largest professional services companies in the world and one of the Big Four accounting firms, together with PricewaterhouseCoopers, KPMG, and Deloitte.
CFI offers the Financial Modeling & Valuation Analyst (FMVA)™ certification program for those looking to take their careers to the next level. To keep learning and advancing your career, the following resources will be helpful: