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“The one who did choose accounting, obviously we didn’t ask this question, but to the others we asked: Why didn’t you choose accounting? Pretty much overwhelmingly they said it was because you have to have an accountingdegree and a CPA, which isn’t true. You don’t have to be a CPA.
They have learned nothing about the needs of small business with minimal (if any) coverage of financial statement preparation without an audit, working for clients without an internal accounting department, or the realities of being a small business advisor. How can you teach this stuff if you’ve never done it?
Do these sound like subjects many accounting students learn in their typical accountingcourses? Many accountingdegree programs have gone largely unchanged this millennia apart from some added Excel assignments and data analytics courses sprinkled in. They aren’t in most traditional curricula.
But in an article for Accounting Today that was published earlier this month, Blake Oliver, a CPA who specializes in accounting technology and is the founder of Earmark CPE, estimated that the cost of the 150-hour rule is more than $2 billion. The bill, introduced by Republican Sen.
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