Education Requirements - CPA Examination - Public Accountancy
Board Approved Accounting Curriculum
To qualify to become a candidate sit for the Uniform CPA Examination, applicants must satisfactorily complete 120 semester hours or 180 undergraduate quarter hours or the equivalent. Thirty (30) semester hours or 45 quarter credit hours in Group I, which requires 27 semester or 41 quarter credit hours, must be in accounting and related subjects, and three semester credit hours or 4.5 quarter credit hours must be in ethics. An applicant must have received baccalaureate or higher degree that meets the following requirement: a major in accounting on the baccalaureate level, or its substantial equivalent, from an institution that is a member of the Association to Advance Collegiate Schools of Business or the Accreditation Council for Business Schools and Programs, is accredited by or is a constituent of an institution accredited by the Middle States Association of Colleges and Schools or the equivalent regional accrediting association for other regional areas, or is recognized and approved by the Board.
Further, to qualify to obtain a license as a certified public accountant, an applicant must have completed a total of 150 semester credit hours or 225 quarter credit hours of education and complete the requirements of Group II Business-related education as described below.
GROUP I - Accounting and Ethics Education
An applicant must have successfully completed 30 undergraduate semester hours or 45 undergraduate quarter hours in accounting and ethics subject matter. Applicants must have completed the following: one three semester credit hour course or a four and one half (4.5) quarter hour course each in; auditing, cost accounting or managerial accounting, U.S. federal income tax and ethics; a minimum of nine semester or 13.5 quarter hour credits in financial accounting; and a minimum of nine semester or 13.5 quarter hour credits in elective accounting courses.
GROUP II - Business-Related Education
Courses from the list of subjects in the document below must be completed to meet the business-related educational requirements to qualify for a license. At least 21 undergraduate semester hours or 31.5 quarter credit hours must be completed in at least in five of nine subject areas. These subject areas are: statistics, economics, corporation or business finance, management, marketing, U.S. business law, business communication, quantitative methods, and computer science/information systems.
Chart of Subject Matter (Word)
Candidates with Accounting Degrees from Other Countries
The academic credentials of applicants who have earned degrees from foreign colleges or universities must be evaluated to determine whether the foreign educational preparation fulfills Maryland's education requirements. The NASBA International Evaluation Service (NIES) is the only acceptable evaluation service for foreign transcripts. There are no exceptions. Any other evaluation will be denied. Applicants must request a course-by-course evaluation to be done for the purpose of taking the Uniform CPA Examination in Maryland.