If you like heads-down, precise work and are good with numbers, becoming a CPA can be the start of a very lucrative career. According to the US Bureau of Labor Statistics, the annual earnings of all Idaho accountants and auditors, including public accounting professionals, averaged more than $70,000 in 2016. Accountants with professional certification give themselves an edge in securing the best positions. This article will help you jump-start your career by spelling out the steps candidates must take to become fully licensed certified public accountants (CPAs) in Idaho.
Before you can apply for a CPA license in the State of Idaho, there are specific educational requirements CPA students must meet in terms of preparation; you must complete a minimum of 150 semester hours or 225 quarter-hours of accounting specific and general college study and receive at least a bachelor's level degree with an accounting emphasis from an accredited institution. An easy first step is to obtain an associate degree in business or accounting from an accredited school. This will help you learn a little bit about what you're getting into, prepare you to continue into future learning, provide an overview of what your career will look like, and answer any questions you may have about spending your full career in this industry. This may also put you in an excellent position to fulfill experience requirements in a local firm or office, even as you apply as a student to baccalaureate programs at top schools.
Of the hours required, at least 24 semester hours or 36 quarter-hours must be in accounting. Within the accounting courses, the following content must be included:
- Financial Accounting
- Management Accounting
Another 24 semester hours or 36 quarter-hours must be earned by completing business courses. Listed below are several examples:
- Business Administration
- Business Ethics
- Business Law
- Business Management
- Computer Science
- Human Resource Management
- Information Systems
- Professional Communications
If you complete your college education without having earned the required credits, you can take graduate-level courses from any institution that is approved by the Idaho State Board of Accountancy.
The Board recognizes the following institutions and programs as accredited:
Colleges and universities that are accredited by the Northwest Commission on Colleges and Universities, formerly known as the Northwest Association of Schools and Colleges
Colleges and universities that have accreditation from other regional or national organizations, if the accreditation standards are equivalent to those of the above-mentioned commission. You should be able to find a full list of acceptable Idaho programs on the board of accountancy main website. Four of these are:
- Middle States Commission on Higher Education
- New England Association of Schools and Colleges: Commission on Institutions of Higher Education
- Southern Association of Colleges and Schools
- Western Association of Schools and Colleges
Private colleges in Idaho that issue bachelor's degrees and are certified by the Idaho State Department of Education to train teachers
Business and accounting programs that are accredited by the Association to Advance Collegiate Schools of Business, also known as "AACSB"
Business and accounting programs that are accredited by similar agencies with equivalent standards
The American Council on Education, also known as "ACE", has a contract with the Department of Defense to evaluate military courses, training and experience and provide recommendations for college credit. What credit actually transfers is left to the policy of each individual college or university.
If you have military experience, it is well worth the effort to find out what credits you can transfer. This could save both money and time as you pursue your goal of becoming a licensed CPA. Note that a copy of your military transcript is a requirement to get the process started.
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Degree Requirements for Accountants in Idaho
A two-year degree in accounting will help you launch a career as a bookkeeper. This can help you build experience that you can apply in your professional or academic life. To become a CPA in Idaho, however, you should be prepared to complete at least a bachelor's degree that includes a major concentration in accounting. Learn More
With a bachelor's degree in accounting, you can consider sitting for the CPA examination in Idaho. Your degree should include at least 24 semester hours studying accounting subjects beyond the introductory level. Your four-year degree will also open more opportunities and provide greater success over the long run. Learn More
Accountants can choose between an MS in Accounting or an MBA with a concentration that builds on your accounting skills. Some students choose to study finance but there are also accounting concentrations. In fact, a master's degree is probably preferred for accountants. Top academic credentials will help you land the best job and will help you stand out if you pursue an independent accounting practice. Learn More
Doctorate or PhD
This level of academic achievement is not often found in the business world. Most who complete a doctoral program immerse themselves in academic research and teaching. However, any firm would surely be thrilled to employ someone with such esteemed credentials. Learn More
Online Degree Programs
You can complete an accounting degree at nearly every level via online programs. Learn More
You can take the Uniform CPA Examination at a Prometric testing center, located on Idaho State University campuses in Meridian and Pocatello, Idaho. The computer-based test is made up of four sections and each section may be taken separately. You must pass all four sections within 18 months of passing the first one.
In order to take the exam in Idaho, you must comply with the following requirements:
Be at least 18 years old.
Be either a current or former resident of Idaho or intend to become a resident immediately after passing the exam.
Hold a baccalaureate degree, or its equivalent, in studies that included at least 30 semester hours or 45 quarter-hours in business administration subjects. Of these hours, 20 semester hours or 30 quarter-hours must relate directly to accounting.
Request that all transcripts be sent directly from the college, university, or other approved program to the Idaho State Board of Accountancy. Transcripts must be signed by an official representative of the institution where you studied. This usually is the registrar. A transcript without an official seal will be rejected, as will transcripts marked "issued to student" and ones sent with the application, even if the transcript envelope is sealed. This is done for security reasons. You can usually request transcript service and similar info by phone, email, or online form and it may or may not be free.
Obtain, complete, and return the CPA examination application packet, which includes an "Idaho Department of Law Enforcement Criminal History Records Check" form that must be signed. Attach to the application a 2-inch by 2-inch photograph of yourself.
Pay the initial CPA examination application fee to the Idaho State Board of Accountancy.
Wait for the Board's decision regarding your application to test. When the Board rules that you meet the requirements to be a candidate for testing, it will submit the Authorization to Test (ATT) to the National Board of Accountancy.
The National Association of State Boards of Accountancy (NASBA) then will bill you for all sections of the test that you applied to take. Pay this non-refundable fee within three months of the date your ATT was issued.
After all fees are paid, NASBA will send you the Notice to Schedule (NTS). You then must contact Prometric to schedule the exam at a testing center site. You will not be able to sit for the entire exam in one day because each section takes four hours. Section titles are as follows:
- Auditing and Attestation
- Financial Accounting and Reporting
- Business Environment and Concepts
In order to become a licensed CPA in Idaho, you first must complete the equivalent of one year of full-time work providing services that are related to the accounting field. Acceptable services include tax advice, accounting, auditing, learning accounting technology systems, and advisory services in management or finance. These work as review of tasks you learned to pass the CPA exam. If the work is part-time, 2,000 hours are required. All qualifying work experience must be completed in a period that spans 36 months or less. None of the work to be included can be more than ten years prior to the date of your application for licensure, and your work experience must be certified by someone who held a current, active license as a CPA during the time you gained your experience.
How to Get Your License to Practice as a CPA in Idaho
CPA licensing in Idaho is the responsibility of the Idaho State Board of Accountancy. This board requires the successful completion of the AICPA ethics course. You can order the course and its exam directly from the online store maintained by the Association of International Certified Professional Accountants, or "AICPA." Notify AICPA to submit your test score to the Board.
If you did not have 150 semester hours of college-level education when you took the CPA exam, you must take enough upper-level or graduate-level courses to reach that total. Credits earned for taking the ethics course mentioned above do not count as part of the total hours. In completing the 150 hours of education, you must earn one of the following:
- Graduate degree with strong focus on accounting, awarded by an institution or program that holds accreditation from a Board-approved agency.
- Graduate degree from a similarly accredited business program, with completion of accounting courses that equal a minimum of 24 undergraduate semester hours or 15 graduate semester hours and cover the topics of financial and management accounting as well as auditing and taxation.
- Baccalaureate degree from an institution or program that meets the Board's accreditation and approval requirements. Studies must have included a minimum of 24 semester hours in business courses that are not in the accounting field as well as 24 semester hours in upper-division or graduate-level accounting courses.
You must complete the work experience as listed above.
After all education and work experience requirements have been met, complete the forms and submit all information requested to the Idaho State Board of Accountancy. Pay the license fee.
Continuing Education Requirements for Idaho
Once you are licensed in Idaho as a CPA, pay close attention to the requirements for keeping your license current. Every year, all licenses that are not renewed expire on June 30, no matter when the license was issued. The deadline for annual renewal is July 1.
To be eligible to renew, you must earn 80 hours of continuing professional education, also known as "CPE," in the accounting field every two years. Of those 80 hours, at least four hours must be in Idaho ethics. One semester hour of college credit equals 15 CPE hours.
CPE must be reported by January 31 each year. It is your responsibility to file the report, and no reminder will be given. A minimum of 30 hours and a maximum of 50 can be reported for each calendar year.
Fees for late filing begin in February. These fees start at $100 and increase another $50 for every month the report is late, through the month of June. Late filings are audited, which means that you will be required to submit documentation for every course included in the report. Also, if you fail to file your annual CPE report by the end of June, you will be unable to renew your license until you meet all requirements for reinstatement.
The American Institute of Certified Public Accountants, or "AICPA," which was founded in 1887, established baseline CPE requirements that are recognized by the accountancy boards in every state. Many states have set additional requirements, some of them quite stringent.
Accountant Career Concentrations & Salaries in Idaho
This is an exciting career path that melds detective work with accounting. While every accountant studies how to audit financial records, these professionals do so with an eye to uncovering fraud, embezzlement, and other underhanded financial actions. Learn More
This concentration focuses your accounting skill on the world of finance. With this concentration, you can work as a financial analyst for an investment bank or perhaps pursue a career as a personal financial consultant.
The world of computing values accountants' keen eye for detail and ability to sift through vast amounts of data in pursuit of irregularities.
This form of accounting is becoming more and more popular. Managerial accountants conduct specialized audits that are used by management to improve their business practices. While a knowledge of taxation is handy in this field, the audits are not submitted to the IRS. Learn More
Idaho's business community is growing, which bodes well for the accountancy sector. The Idaho Department of Labor projected that job growth for accountants will grow by 11.53% in the ten-year span 2012-2022. In contrast, the BLS projects a 10% national growth rate in 2016-26. Idaho's projected growth translates to 153 new jobs per year. With entry-level salaries between $38,960 and $47,570, young accountants are encouraged to consider the state. When you achieve a CPA license, your prospects rise even farther. For instance, Chief Financial Officers in Boise are paid up to $130,657 per year. Forensic accountants in Boise enjoy a salary range between $61,562 and $96,002.
|City||Annual Median Wage|
|Coeur dAlene, ID||$61,180|
|Idaho Falls, ID||$70,770|
|Annual Mean Wage||10th Percentile||25th percentile||50th percentile||75th percentile||90th percentile|
Idaho Accounting Frequently Asked Questions
Are there online accounting degree programs available for me in Idaho?
Yes, in fact, there any online accounting program can be accessed from your computer in Idaho. There are also state universities in Idaho that offer online accounting programs. Boise State, for one, offers an online Master of Accountancy so that busy professionals can complete their graduate studies with ease.
Can I become a CPA in Idaho without a master's degree in accounting?
Yes, you can become an Idaho CPA without a master's degree in accounting. You will need a total of 30 hours of undergraduate credits in business administration courses, however, and 24 of those hours must be focused on accounting. If you have taken graduate courses, those can be applied to your application to sit for the CPA examination.
Are there many accounting jobs available in Idaho?
Yes. Currently there are 9,700 accountants, bookkeepers, and accounting clerks working in Idaho. The Bureau of Labor Statistics also shows that there are currently 3,900 persons employed as accountants and auditors in Idaho. Given that Idaho is rather sparsely populated, these numbers are strong.
What is the average salary for accountants in Idaho?
The average wage for accountants and auditors in Idaho is $65,000. Meanwhile, those working as accountants, bookkeepers, and accounting clerks earn an average of $39,000, according to the BLS. While those with equivalent job titles elsewhere earn higher average salaries, Idaho does have a lower cost of living, which makes up much of the difference.