Are you ready to begin your career as a licensed certified public accountant (CPA), but aren’t quite sure what you’ll need to do to make it happen? Policy on this shifts from state to state, but here's info for all the steps you’ll have to take before you’ve met the CPA requirements for licensure in Indiana.


Education Prerequisites

Prior to taking your CPA exam, you’ll need to satisfy the educational requirements set by the Indiana Board of Accountancy. Before sitting for the Uniform CPA test, potential candidates must obtain a Bachelor’s degree (at minimum), though you can choose to first obtain an associate degree, which will help you by answering any questions you have about the profession, letting you complete a degree before continuing to learn at a higher level, and giving you additional chances for work experience. Students must also complete 150 semester hours at a college or university accredited by The Higher Learning Commission. Always check for accreditation. If you are taking online courses at a school from out of state in the U.S., note that it should be accredited by one of the following organizations:

  • Southern Association of Colleges and Schools--Commission on Colleges
  • Middle States Association of Colleges and Schools
  • Northwest Commission on Colleges and Universities
  • New England Association of Schools and Colleges-Commission on Institutions of Higher Education
  • Western Association of Schools and Colleges-Commission for Senior Colleges

Indiana requires CPA candidates to obtain their credit requirements in one of two ways.

Hold a graduate/master's degree with the following requirements met:

24 semester hours logged in undergraduate accounting courses OR 15 semester hours in a graduate accounting courses, including:

  • Taxation
  • Financial accounting
  • Consulting
  • Managerial accounting

24 semester hours logged in an undergraduate or graduate business or economics program, with general content including:

  • 6 semester hours or fewer in business and tax law
  • 6 semester hours or fewer in technology or computer science

Hold a bachelor’s degree with the following requirements met:

24 semester hours logged in undergraduate or graduate accounting courses that center on:

  • Taxation
  • Financial accounting
  • Consulting
  • Managerial accounting

24 semester hours logged in undergraduate or graduate accounting courses in which you'll study:

  • 6 semester hours or fewer in business and tax law
  • 6 semester hours or fewer in computer science

For the second option, credits obtained in a two year programs, online courses, and correspondence courses are acceptable as long as they come from an accredited college or university.

Degree Requirements for Accountants in Indiana

1

Associate Degree

A two-year degree is a perfect foundation for getting into the world of business and accounting. You'll be able to land an entry-level position and then make an informed decision as to your next academic degree. Learn More

2

Bachelor’s Degree

A four-year degree in accounting will qualify you for a well-paid, entry-level position and you will also be able to sit for the CPA examination in Indiana. Learn More

3

Master’s Degree

A graduate degree that focuses on accounting is often what you need to land that corner office on the executive floor. Learn More

4

Doctorate or PhD

This degree is perfect if you want to pursue in-depth research into accounting and perhaps work as a college professor. Firms of all sorts love to boast a doctoral-level professional on their team. Learn More

5

Online Degree Programs

Though you can pursue an online accounting degree at any level, they are more prevalent at the graduate level. Learn More

Sitting For Your CPA Exam

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After you’ve completed your education requirements, the next steps will depend on each candidate’s individual situation.

Download an exam application or register online on the CPA Examination Services (CPAES) website.

If you’re still enrolled in college:

  • Request a copy of your transcript for submission to the Board, including the completion of a bachelor’s degree and number of semester hours - This will show that you covered every requirement
  • Ask for a Certificate of Enrollment from the registrar’s office, fill out the top section, and return to university personnel to complete and send to the Board
  • Submit the $150 application fee
  • Submit an ADA Accommodation Form if you require any special disability accommodations

If you’re no longer enrolled in college, you'll still need to prove you've completed all exam requirements:

  • Request a copy of your transcript for submission to the Board
  • Submit the $150 application fee
  • Submit an ADA Accommodation Form if you require any special disability accommodations

All correspondence, including applications and supplemental documents, should be sent to: CPA Examination Service, Indiana Coordinator, P.O. Box 198469, Nashville, TN 37219-8469.

Wait to receive your Notice to Schedule to arrive. Once you have that, you may schedule the date you will sit for whichever sections of the exam you choose.

Use the Prometric website to schedule your test. You can take the exam in one of the following locations:

  • Evansville
  • Merrillville
  • Mishawaka
  • Terre Haute
  • Lafayette
  • Indianapolis

Be sure to arrive at your exam site a bit before the scheduled time, prepared and punctual, in order to get through security. You can expect to receive your scores within a few weeks of testing.

Required Work Experience

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The last of the requirements CPA candidates must meet is that, before you can be licensed, you must first gain working experience and practice as a CPA. Acceptable experience must include the following:

Complete two years of full-time work experience. This can be done in one of the following staff positions:

  • Accounting staff member or intern at a public accounting firm
  • Accounting or financial staff member for a government, industry, or non-profit group
  • Consultant or advisor for operational, accounting, or financial matters
  • Staff instructor at a university or high school, either public or private

Multiple types of valid experience may be combined for a total of 24 months, with the exception of clerical positions held in an accounting or financial office. Any part-time employment must be converted into full-time hours for the sake of accurately calculating experience.

During this time, you will review CPA tasks and work under strict supervision. You'll focus on attestation, audit, providing financial advice, and general reports. You may work at an international corporation, but your CPA supervisor must be approved.

Your supervising CPA must complete the Verification of Experience form, which must be notarized and submitted to the Board. Give your manager a stamped envelope addressed to: Indiana Board of Accountancy, Professional Licensing Agency, 402 West Washington Street, Room W072, Indianapolis, IN 46204. You should not try to send by email.

Getting Your CPA Licensure

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Once you’ve completed the education, examination, and experience pieces of the process, you can go ahead and apply for your Indiana CPA license.

Make sure all of the following have been completed before you begin your application:

  • Completed 150 semester hours and a bachelor’s degree (at minimum)
  • Submitted an official transcript to CPAES
  • Take and pass the CPA exam
  • Find and complete two years of relevant employment (verified by a supervising CPA)

Fill out parts I and II of the Indiana State Accountancy Application after confirming that your transcript and employment verification have been submitted.

Send your application, supplemental documents, and application fees to Indiana Board of Accountancy, Professional Licensing Agency, 402 West Washington Street, Room W072, Indianapolis, IN 46204.

Maintaining Your CPA License

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With evolving regulations and practices, it’s vital for CPAs to keep their knowledge up to date with continued professional education (CPE). You’ll need to complete the following to remain eligible for license renewal.

Every three years, CPAs must complete 120 hours of CPE under the following terms:

  • Each year, you must complete at least 20 hours of CPE
  • 10 percent of your total hours must be from accounting or auditing classes
  • Four CPE hours must be in an accounting ethics class
  • One hour of CPE is the equivalent of 50 minutes of class time
  • No more than 50 percent of your CPE hours can be obtained through self-study

You can accumulate CPE hours by holding discussions or lectures, self-study (with verification), or attending graduate school courses.

Make sure to document and keep records of the hours you’re eligible to receive for credit. Keep track of the following:

  • Dates of course attendance
  • Class locations and sponsorship
  • Hours spent on class materials
  • Certificate of course completion

It may be worthwhile to consider joining the Indiana CPA Society. You’ll stay in the loop when new rules and regulations hit the accounting and finance industries, and do plenty of networking along the way.

Accountant Career Concentrations & Salaries in Indiana

1

Forensic Accounting

This field focuses on auditing in the pursuit of rooting out fraud, embezzlement, or an inappropriate use of funds. This is a great option for those who like solving difficult problems and working as a detective, though with spreadsheets, debits, and credits. Forensic accountants work alongside law enforcement and attorneys, though some are employed by corporations to perform ordinary audits. Learn More

2

Managerial Accounting

This specialty focus is increasingly in demand as firms seek to improve their efficiency and thus their bottom line. This field focuses on audits that are highly individualized to the needs of the employer or client. The results of these audits are kept in-house and aren't reported on any public documents. Learn More

3

Taxation

Most of us think of accountants only in the context of tax time. This specialty is quite demanding, however, as tax specialists must continually update their knowledge to reflect current changes to the state and federal tax code. Taxation accountants work with anyone from large corporations to individuals with complex tax returns. Learn More

4

Public Accountancy

This is a focus that is also rather broad. However, students who focus on matters related to public accountancy: taxation, audits, consultancy, forecasting, and more. This sort of academic background will surely come in handy when it comes time to sit for the CPA examination. Learn More

Accountants in the Hoosier State earn an annual mean wage of $66,000 which, according to the BLS, is in line with the national average. However, you can earn quite a bit more than that depending on your specialty or specific location. For instance, if you specialize in forensic accounting and live in Fort Wayne, you may be able to earn up to $90,315 a year. If you're a controller working in a large Fort Wayne financial services company, your salary might range between $122,715 and $156,330. At the very upper tier, are Indianapolis-area CFOs, who earn up to $258,500. With a projected growth rate of 12% between 2012 and 2022, Indiana is a great place for your accountancy career.

City Annual Median Wage
Indianapolis-Carmel IN $70,030
Kokomo IN $63,730
Fort Wayne IN $65,300
Gary $62,340
Muncie $59,670
Annual Mean Wage 10th Percentile 25th percentile 50th percentile 75th percentile 90th percentile
$66,600 $38,300 $48,300 $61,600 $79,180 $99,790

Indiana Accounting Frequently Asked Questions

1

Do Indiana state colleges and universities offer online Accounting degrees?

Yes, there are in-state Indiana colleges and universities that offer degrees in accountancy. There are options at all levels, including a bachelor's degree. You can pursue a Master of Science or an MBA with an Accounting concentration. In fact, the online option opens up worldwide possibilities for your online accounting degree.

2

How many accounting professionals are there in Indiana?

According to the Bureau of Labor Statistics, there are over 20,000 workers who work under the description Accountants and Auditors. There are slightly more, 27,000, who work as accountants, bookkeepers, and auditing clerks. Indiana has a rather diverse economy with much to offer an accounting professional.

3

How much do accounting professionals earn in Indiana?

According to the BLS, the 27,000 accountants, bookkeepers, and auditing clerks earn an average annual wage of $40,000. Meanwhile, accountants and auditors earn an average base salary of $72,000. Many of these professionals, especially those with advanced degrees and credentials, see their earnings boosted with bonuses and other benefits.

4

What sort of degree do I need to sit for the CPA examination in Indiana?

To attain a CPA license in Indiana, you will need a total of 150 semester hours that include a bachelor’s degree. Of those hours, 24 of them must be in undergraduate accounting classes. You can also satisfy the state requirements with 15 hours of graduate work in accounting.


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