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Why Hire A CPA? Discover how CPAs are vital components to a company’s success.

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Presentation on theme: "Why Hire A CPA? Discover how CPAs are vital components to a company’s success."— Presentation transcript:

1 Why Hire A CPA? Discover how CPAs are vital components to a company’s success

2 Stereotypical CPA For years, people have pictured the same thing when they think of a CPA: Eyeshades Green Garters on the arms Timid bookworm Nerd of the class Bean Counter

3 Real CPAs Real CPAs are multi-talented individuals. They’re also: Star athletes Homecoming Queens Head Cheerleaders In short, it is the least likely person you would expect to be a CPA.

4 CPAs Today Interface with Professionals at all levels Corporate CEOs Forensic Experts Law Enforcement FBI Agents Presidents of Corporations Most people do not realize the variety of service and opportunities available for CPA.

5 What Does it Take to be a CPA and Who Can Achieve it? Initial Requirements: 150 College Hours Experience Background Checks and Referrals 4-Part Computerized Exam *First time pass rate= <10%

6 Ongoing Requirements Annual CPE of 40 hours per year, including two hours of Ethics. Maintain Professional Standards

7 Skills Needed to be a CPA Initiative and self-discipline Sitting for the CPA exam Multi Task Critical thinking Review complex situations and break down to components

8 Skills Needed to be a CPA (continued) Analytical Process Obtain an understanding of the situation at hand and identify optimum solutions Communication Relate ideas to all personnel levels of the business organization Written communication and correspondence to be concise and succinct Forensic investigation skills

9 Traits Needed to be a CPA Sound judgment Ethics and integrity Ability to adhere to high professional and personal standards Lifelong commitment Competitive

10 Traits Needed to be a CPA (continued) Organized Creative Vision Team player Perseverance

11 Disciplines for CPAs Accounting Finance Economics Management Information Management Systems/Technology Credit Management

12 A CPA is a Trusted Business Advisor In a recent survey of business owners, most said they go to their CPA first for business consultation.

13 Any Questions? Brought to you by the Oklahoma Society of Certified Public Accountants. The CPA. Never Underestimate the Value.


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