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CPA Exam

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CPA Exam

A candidate for the CPA exam in Oklahoma must have a total of 150 semester hours of college credit, including:

  • 76 upper-division hours (i.e., above the 2000-level);
  • 30 hours of upper-division or graduate-level accounting;
  • an additional nine hours of upper-division business courses; and
  • completion of a degree.*

For a detailed description of the requirements, see the Oklahoma Accountancy Act (PDF). For information on how to apply to sit for the exam, see http://www.ok.gov/oab_web

For additional resources, see https://discoveraccounting.org/become-a-cpa/oklahoma/

For information about qualifying to sit and registering for the exam in Texas, go to the Texas State Board of Public Accountancy.

Candidates planning to sit for the CPA exam in a state other than Oklahoma or Texas should refer to that state board's CPA exam requirements, as requirements vary from state to state. See the National Association of State Boards of Accountancy web site for links to the state boards.

The Exam

The Uniform CPA Examination is the examination that individuals must pass in order to qualify for licensure as Certified Public Accountants in any of the 55 U.S. jurisdictions (the 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, and the Commonwealth of Northern Mariana Islands). It is one of the "Three Es" - Education, Examination, and Experience - that are required for licensure as a CPA. Consequently, passing the Examination is necessary, but not sufficient, to meet the requirements for licensure.

The Examination is offered jointly by three organizations: NASBA (The National Association of State Boards of Accountancy), the AICPA (American Institute of Certified Public Accountants), and Prometric.The AICPA is responsible for developing and scoring the Examination, NASBA for the National Candidate Database, and Prometric, a part of The Thomson Corporation, for examination delivery at authorized test centers.

The OU MAcc program allows students to meet the educational requirements to sit for the CPA exam in most states, including Oklahoma. However, licensure requirements, as well as the requirements to sit for the exam, vary by jurisdiction. Therefore, students should consult the accountancy board in the state in which they plan to practice to learn about the requirements of that state. These requirements are described at the Board of Accountancy websites.

The Examination consists of four sections:

  • Auditing and Attestation (AUD).This section covers knowledge of auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge.

  • Business Environment and Concepts (BEC).This section covers knowledge of general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, and the skills needed to apply that knowledge.

  • Financial Accounting and Reporting (FAR).This section covers knowledge of generally accepted accounting principles for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge.

  • Regulation (REG).This section covers knowledge of federal taxation, ethics, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge.

The Examination is offered 5 (and sometimes 6) days per week during two months of every quarter. (These periods are known as "testing windows.") Testing is available in January & February; April & May; July & August; and October & November. Testing is NOT available in: March, June, September, and December. As a rule, Boards of Accountancy permit eligible candidates to take any sections of the Examination in any testing window and in any order they wish. However, candidates may not take any single section twice in the same testing window.

More information about the CPA exam is available at the following sites at https://nasba.org/education/becomingacpa/whatistheuniformcpaexam/

Review Course

Graduates of the Steed School MAcc program already have what it takes to tackle the CPA exam, having one of the top ten success rates of all graduate programs in the country several times in the seven years since the exam has been computerized.  A CPA exam review course can help candidates better organize their preparation, increasing their chances of timely success. 

The Steed School has partnered with Becker CPA Review to help all interested Sooners prepare even more effectively for the exam. Becker provides, on the OU campus, an intensive, live review course uniquely designed to help students prepare for the CPA exam in a shortened timeframe.  The course includes the same content as Becker’s standard live course.  However, it is intended for those who want to dedicate themselves to a concentrated, disciplined preparation in order to complete the entire exam, or a significant part of it, before starting a full-time position in September.  The course runs for approximately eight weeks from mid-June through mid-August.  The program format includes approximately one week of classes in which the material of one particular section of the exam will be reviewed, followed by a week in which candidates can finalize their preparation and sit for that section of the exam.  Candidates have the chance to sit for all four sections of the exam by the end of the course.

Becker has partnered with numerous accounting firms and corporations to allow employees to have the cost of the course billed directly to their employers. Those interested are encouraged to check directly with their employers.

For information and to register for the summer 2018 Becker FastPass CPA Review course, click here.  For questions please contact Jill Hull at jhull@becker.com.

OU Pass Rates

Steed School graduates have historically done very well on the CPA exam, with success rates that surpass regional and national averages. According to the National Association of State Boards of Accountancy (NASBA), the overall first-time pass rate of our graduates was amongst the ten highest in the nation three times since the exam was computerized in 2004.

The overall success rate for OU MACC graduates on the 2018 CPA exam was approximately 82%.  This exceeded the national success rate of 49%. 

2018 Overall Success Rate for OU MACCs82%
Overall National Average49%