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Simple English definitions for legal terms

certified public accountant (CPA)

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A quick definition of certified public accountant (CPA):

A certified public accountant (CPA) is a professional accountant who has met all the requirements to earn a CPA license from the State’s Board of Accountancy (SBA). CPAs can do more than regular accountants, like auditing, tax consulting services, and financial planning. To become a CPA, you need a bachelor’s degree in business administration, finance, or accounting, 150 hours of education in college-level accounting courses, at least two years of public accounting experience, and to pass the Uniform CPA Exam. To keep the CPA license, CPAs must complete 40 hours of continuing professional education each year.

A more thorough explanation:

A Certified Public Accountant (CPA) is a professional accountant who has met all the requirements to obtain a CPA license from the State's Board of Accountancy (SBA).

The main difference between an accountant and a CPA is that CPAs are authorized to perform additional services, such as auditing, tax consulting, and financial planning, among others.

To become a CPA, one must meet the following general requirements:

  • Hold a Bachelor's degree in business administration, finance, or accounting.
  • Complete 150 hours of education in college-level accounting courses.
  • Have at least two years of public accounting experience. Some states require one year of work experience under the supervision of a licensed CPA.
  • Pass the Uniform CPA Exam. Additionally, some States may require passing an ethics exam or ethics course.

Furthermore, to maintain the CPA license, CPAs must complete 40 hours of continuing professional education each year. The number of hours required to maintain the CPA license varies from State to State, depending on SBA requirements.

For example, a CPA may be hired by a company to perform an audit of their financial statements to ensure they are accurate and comply with accounting standards.

Another example is a CPA who provides tax consulting services to individuals or businesses to help them minimize their tax liability and comply with tax laws.

These examples illustrate how CPAs are authorized to perform additional services beyond traditional accounting tasks, making them valuable assets to businesses and individuals seeking financial expertise.

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22:47
@NemoPropheta: noo they drug test before the LSAT! U will get flagged!
ParallelAgreeableOrangutan
23:19
I'm intrigued llama
ParallelAgreeableOrangutan
23:21
Holdddddup all that number crunching on your lsd profile is your work? Damn
ParallelAgreeableOrangutan
23:21
I don't visit y'all's profiles enough, clearly
NarrowFaithfulCougar
0:22
@NemoPropheta: Ahh yeah, the Sauna. That's some good Nordic shit. Beats the hot tub hands down. Plus everyone is naked.
1:23
@ParallelAgreeableOrangutan: got that weaponized autism in gear, we out here.
@llama: your cycle confuses me, your stats are good and you applied early but all of those Rs? Is there anything weird about your app?
do you have C&F issues or something?
also ur first choice is kansas but you didnt apply there?
12:55
@RasheedWallaceFan: Hi. Yes, I waited for April LSAT, put almost all apps (which were sent really early) so that basically most of my apps were reviewed In May. Shot myself in the foot for 155 -> 161 lmao. Would not recommend 10/10
12:57
@RasheedWallaceFan: unironically, KSLS was my top choice, however by April LSAT their app had closed. It was like waiting to date ur dream partner, but waiting until you graduate uni, then by the time u graduate uni, your soul mate is already married with 2.4 kids and 1.6 dogs. Heartbreak.exe fr fr
12:58
are you R&Ring?
13:00
No, I think what I will do is flip a coin: heds NKU, tails NEL|B what u guys think bout dat. Then once 1L - if good at LS, try to transfer, if bad at LS or one of my grandiose ideas/inventions are viable, drop out and pursue.
oh so you submitted the apps with a lower lsat and then retook
got it
Bettercaulsaul
13:33
Most schools will hold your application for the next test score to be released into your account as well. I was notified by an admissions director that if a decision is processed they will not retroactively go back for the new score even if higher
ParallelAgreeableOrangutan
13:34
I vote NEL-Boston so we can be friends :D
ParallelAgreeableOrangutan
13:34
But it says you withdrew?? :(
ParallelAgreeableOrangutan
13:41
@Bettercaulsaul: in my experience, there is often an option on the application for you to choose whether you'd like them to review your application as-is ASAP or hold it until your new score is released. but it probably varies by school—I just remember seeing that option on at least a few app forms
2:21
While I am unsure of what option you are referring to, I personally just emailed each school and asked for them to hold my app pending my lsat score release.
2:22
Sorry WNE = Western New England not NEL|B
14:50
Hey guys is anyone online rn
14:51
I need adviceee
15:48
shooooot
hey y'all so im gonna be honest im completely new to all this, i kinda bullshitted and took the LSAT and i have no clue what my odds are of getting into schools. 163 LSAT, 3.17 GPA, and a double major in undergrad i may write about in an addendum
Based on the list I see you made on your profile, you will need to make significant LSAT improvement for those schools to be contenders. Your primary focus should probably be working to get your LSAT practice tests up to a number you are happy with before you retest, and then test until you get a score you like. Don't rush an application cycle or apply late since those will hurt your odds of getting into your school as a splitter. Good luck!
oh that was literally just random stuff i dont know how this works
thank you so much!
im retaking in 4 days, and maybe again in august, and i was gonna apply to see what i got, and if i didnt like it i was going to wait till next cycle and work on improving my GPA
@InnateMatureRhino: wow rude
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