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HOW TO BECOME A CPA IF YOU’RE NOT AN ACCOUNTING MAJOR

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HOW TO BECOME A CPA IF YOU'RE NOT AN ACCOUNTING MAJOR

To err is human. We all make wrong decisions multiple times in our lives. But to make an incorrect career choice may seem like too much to handle at first. Imagine you thought arts was your calling, but you realize it is not your thing once you get into an art school. You now know you are a perfect fit for a career in science and find yourself in a dilemma. Situations like these happen and are pretty standard. Many people choose to switch careers and end up facing their newfound passion.

Likewise, if you now wish to join the CPA qualification, but do not have an accounting major, do not fuss. Becoming a Certified Public Accountant has predefined requirements that one needs to follow to qualify. However, being an accounting major is not one of them. If you have majored in a non-accounting subject and want to pursue becoming a CPA, let us tell you, it is doable. To become a qualified CPA, you need to fulfill requirements under three categories: Education, Exams, and Experience. Here we guide you in detail on how you can become a CPA if you have majored in a non-accounting subject:

  • Fulfill The Minimum Education Prerequisite:

First up, you need to fulfill the minimum education requirement to sit the CPA exams. Before you get into anything else, you need to know that CPA is governed individually by each state. It means that every state has its own rules and regulations for issuing certificates. Each state sets its prerequisites for allowing students to sit the CPA exams.

The majority of the states require that individuals have a bachelor’s in accounting to attempt the CPA exams. Unless you have plans of enrolling into some program that offers an online masters in accounting for non accounting majors, you will have to find a way to fulfill this step.

A few states do not have this minimum degree requirement, which means good news for you! Since you are a non-accounting major, you will have to attempt your exams in one of these states. Only Georgia, Massachusetts, Alaska, Hawaii, and Maine are the five states that do not require an accounting degree. Now, let us talk about what each state has to offer to you.

  • Georgia’s state board of accountancy requires you to have at least 20 credit hours of accounting classes up your sleeve. But it does not end here; out of these 20 hours, 18 have to be through high-level courses. These include the intermediate and advanced level accounting courses taught in the third and fourth years of college. And this means remedial techniques such as accounting 101 do not qualify.
  • Now let us see what the state board of Massachusetts They ask for 21 credit hours in accounting, but they are not much concerned about the level of these courses. They are more interested in the subjects you have taken. Thus, the audit must fulfill the 21 credit hours, financial accounting, taxation, and management accounting courses.
  • The state board of Alaska has a mix of requirements depending on the level of education of the candidates. So, for individuals with an accounting major, Alaska asks for 15 credit hours. For students with an accounting concentration, Alaska requires 21 accounting credit hours. For individuals having a non-accounting major and credit hours that fall below 15, this state board requires one year of experience in public accounting.
  • On the other hand, the state board of Maine requires students to exhibit 15 accounting credit hours to sit for CPA. However, while this may seem easy, Maine has some stringent experience prerequisites. This state requires individuals to provide two years of experience in public accounting with 4,000 hours doing audit compilation under the supervision of a qualified CPA.
  • Last but not least, Hawaii’s state board of accountancy asks for 18 hours of accounting classes with some minimal experience requirements.
  • Complete The Required 150-Hours For CPA Certification:

The next step towards becoming a CPA is to acquire 150 credit hours of general higher education. A bachelor’s degree means 120 credit hours. So, if you are already a bachelor’s, all you need to worry about are the extra 30 credit hours you need to gain to qualify. These hours can be in any discipline and do not necessarily have to be from a degree course.

  • Meet The Experience Requisites:

Since you are a non-accounting major, you most probably are not working in the accountancy profession. And this means you will have to meet a particular accountancy experience requirement as required by the state from where you are certifying.

Now, each state has different experience prerequisites. You will have to get into the details before furthering your CPA journey. Some states offer straightforward routes to gaining experience, while others may not be that simple. Generally, most states will allow expertise in accounting in the corporate and government sector, public accounting, and some even accept experience in academia.

Conclusion:

Becoming a CPA without an accounting major is not impossible. It may seem like it; however, it is pretty much attainable. All you need to do is study the prerequisites in detail before hopping on the CPA journey. Know what the qualification will demand from you and whether you are in a position to fulfill that or not. We have outlined the process above in a very straightforward manner. We hope this will help you get a glimpse of the qualification demands and make a wise decision.

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Business

How to Hire a CEO for Your Business

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How to Hire a CEO for Your Business

The rule of thumb says to hire a CEO when your business becomes too big for you to manage as a single executive. But like a lot of rules of thumb, it’s not a very helpful piece of advice. The truth is that the optimum time for hiring a CEO is different for every business.

As a business owner, hiring a new CEO might be at the top of your to-do list. But first, you need to know what makes a great CEO and what qualifications the successful candidate must have. Read on to learn more!

Craft an Ideal Job Description

When crafting an ideal job description for hiring an executive for your business, it is important to identify and articulate the vision, mission, and values of your company. Outline the job responsibilities and key performance indicators. Make sure to be specific about the job duties and the expected outcomes.

Describe the relationships the CEO will need to form and maintain, such as investors, clients, partners, and the board of directors. Describe the skills the successful candidate will need including problem-solving and decision-making.

Sum up the job description with any additional skills and experience that would impact the success and the company culture.

Know Where to Look for Potential Candidates

When looking for a new CEO, then you must have a better understanding on what is executive recruiting. Moreover, you must know where to find the right candidates.

Search online job postings and look for candidates that match your criteria. After researching potential applicants, use traditional methods of reaching out to fill the CEO position. Contact headhunting firms, executive search firms, and consultants who specialize in finding top-level executives.

Finally, network with those in the industry and attend conferences. Leveraging your personal and professional connections is a proven way of finding the perfect CEO to lead your business.

Outline the Necessary Qualifications

An ideal CEO should have a track record of delivering results in their previous roles, as this is often the best predictor of success. Leadership, team building, and communication skills should also be key requirements of the job.

Additionally, the ideal candidate should have related industry experience, including dealing with industry-specific challenges, whether they are technological, financial, or marketing related. Diversity of experience and background is also a plus, as this helps to bring new perspectives and ideas to the table.

Prepare the Offer and Close the Deal

Once a suitable candidate has been selected, it is time to prepare the offer and close the deal. This includes terms of employment including salary, bonus opportunities, and other benefits.

An important discussion should also include items such as the length of employment, vacation time and time off, and grounds for termination.

Are You Ready to Hire a CEO?

With your expanding business, it is about time to hire a CEO to make things much easier on your end. Overall, hiring a CEO for your business is an important aspect to consider.

To find the best fit for your business, be sure to take your time, establish streamlined processes, and thoroughly vet the applicants. Don’t forget to take your business goals and culture into account as you determine who can help your business get to the next level.

Was this helpful? If so, please keep reading for more great content.

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Business

5 Interesting Job Options in the Insurance Industry

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5 Interesting Job Options in the Insurance Industry

The insurance industry is one that is always growing, changing, and innovating. Insurance professionals are some of the most well-traveled people.

Besides traveling for work, insurance professionals get to work in a field that helps communities and individuals of all varieties.

Most people know the general thought of insurance professionals. There are a lot of best job options within the insurance industry. Read further to learn more about some interesting job options in the insurance industry.

  1. Insurance Underwriter

Insurance underwriters need good communication and people skills. They work with clients and assess their financial status, current investments, and other forms of risk they may have to insure. They need a broad range of expertise, including legal knowledge, financial analysis, and sales.

They must be able to understand the cost of potential risks and be willing to accept or reject them. They serve a vital role in the insurance industry, helping to protect clients and insurers alike.

  1. Insurance Broker

They are the one who examines policy documents and helps their client to understand the insurance coverage. While researching the best carriers to ensure they get the best insurance coverage. Also, they assess potential risks associated with their current policy.

They understand the insurance industry inside and out. Researching more about life insurance training is helpful to expand their knowledge of the field. Insurance brokers also keep their clients up to date on any relevant laws or regulations that could affect their policy.

  1. Loss Control Consultant

They review safety protocols and analyze data related to previous losses. They also help to establish more comprehensive measures to detect, prevent, and resolve potential losses. They act as consultants for the client and are able to identify and check risks in their environment.

Also, providing guidance and recommendations to reduce the risks associated with business operations. They must also stay up to date with industry trends and standards to provide accurate advice to their clients.

  1. Claims Adjuster

They check insurance claims for validity and fairness. This is to ensure that claimants receive accurate payments from insurance companies. A claims adjuster needs to be detail-oriented and be able to work.

The job requires excellent oral and written communication, so claims adjusters must be able to collaborate with claimants, supervisors, and other stakeholders. Working hours are flexible, but claims adjusters may be dealing with charged and stressful situations.

  1. Loan Processor

A loan processor handles verifying loan documents, such as pay stubs, bank statements, and credit reports, to make sure they are accurate and up to date. Once the documents confirm, they need to calculate and enter the borrower’s loan figures, such as interest rates, terms, and loan payments, into the computer. Finally, they also need to ensure that the loan meets the company’s industry policies, procedures, and regulations.

Exploring Different Insurance Job Options

The insurance industry offers a vast range of interesting job options with good salaries. These range from customer service roles to actuarial and IT roles.

Make sure to do some research before applying, as insurance roles come with specific requirements and qualifications. Whatever your career goals, the insurance industry can offer something for you.

Thanks for reading our article! Want to learn more about getting a good job? Check out our other guides, tips, and tricks today.

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Business

How to Protect Industrial Oil Storage Containers

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How to Protect Industrial Oil Storage Containers

Did you know that the United States of America uses more than 19 million barrels of oil each day? Industrial oil storage containers are among the most important components when it comes to the fuel that Americans use to heat their homes and to power their automobiles. Learning the basics of oil storage plays a big role in ensuring that the oil you’re storing remains in perfect condition.

While having a great oil container is a great start, you should also look at investing in a geodesic dome to help the environment. The good news is that you’ve found the right guide to learn about the different tips that you can use when you’re handling industrial storage and working in the oil industry.

Keep reading this article to learn more today!

Create a Storage Area

The best way to handle oil storage is to create a large area that is controlled where you can store oil or other chemicals. Taking this step is important because it prevents contamination of the oil that you’re storing. A big issue that the oil industry faces is finding ways to keep contaminants, dust, and debris from getting into the oil without the vapor causing damage to the environment.

Getting an aluminum geodesic dome is a great option for keeping your oil in great condition during industrial storage. It prevents contamination while also cutting down on the hazardous vapors escaping the storage area.

Always Keep Lids Secure

Another thing that you can do to keep your oil container in top-notch condition is to always keep the lid secure. It’s never a good idea to try to create a makeshift lid for industrial oil storage containers. The environmental factors will cause the barrel to expand and contract, and this process could pull contaminants into the oil through the makeshift lid.

Avoid Sunlight

Sunlight is damaging when it comes to industrial oil, so it’s important to ensure that you’re storing the oil container out of direct sunlight for the best results. Look for cool and dark locations that you can use. A geodesic dome is one of the best solutions that you can use on the market.

Stack Oil Containers Carefully

It’s best to store your oil containers above ground as this will prevent damage to your floor and stop the oil from becoming contaminated. Invest in raised platforms where you can stack your oil storage. Consider using a forklift to move the barrels around for optimal worker safety.

Now You’re Ready to Protect Your Industrial Oil Storage Containers

Taking measures to protect your industrial oil containers is important if you’re working in the oil industry and you’re focused on industrial storage. It’s best to avoid direct sunlight for your oil container, and you should always use a forklift when stacking oil barrels. You should also look into a geodesic dome to prevent contamination with your oil storage.

Check out the rest of our blog if you’re looking for more helpful and fun content like this!

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