How To Pass The CPA Exam: The IPassTheCPAExam.com Guide for International Candidates

Glossary

150-Hour Rule The standard rule within the CPA exam educational requirements: Candidates are required to accumulate 150 credit hours or more from a regionally accredited educational institution to be qualified for the exam.

AICPA The professional body for CPAs in the United States. Also known as the American Institute of Certified Public Accountants.

associate degrees Undergraduate degrees granted by community colleges, junior colleges, and technical colleges. The number of years spent to complete the degree is typically two years. Three-year bachelor’s degrees from non-U.S. educational institutions are considered an associate degree by the state boards.

AUD Acronym for Auditing and Attestation, one of the four exam sections of the Uniform CPA Examination.

BEC Acronym for Business Environments and Concepts, one of the four exam sections of the Uniform CPA Examination.

CBT Acronym for computer-based testing, the current CPA exam testing format. The CPA exam converted to a computer-based format in April 2004, and a new format (e-CBT) was introduced in January 2011.

community colleges Public educational institutions that provide two years of higher education. Graduates are granted an associate degree. These graduates may transfer their credits to a four-year university, complete the rest of the coursework there, and obtain a four-year bachelor’s degree.

correspondence courses A type of long-distance course in which students do not attend the course in a traditional classroom ...