CPA Exam Education Eligibility (Graduate Certificate)

CPA Exam Education Eligibility (Graduate Certificate)

About the CPA Exam

Applicants for CPA licensure must pass the CPA Exam as part of their requirements for licensure in the state of Minnesota.

The exam is a four-part exam administered by the National Association of State Boards of Accountancy (NASBA).

Education requirements to sit for the exam

In order to sit for the CPA exam as a Minnesota candidate, a candidate with an undergraduate degree in business (other than accounting) needs to have completed at least 24 credits in accounting, with coverage of specific topics noted in the statutes. See the Minnesota Board of Accountancy for specific rules.

Coverage of the following topics is required as part of the 24 credits:

  • Financial accounting
  • Auditing
  • Taxation
  • Management accounting

The CPA Exam Education Eligibility graduate certificate program cover these topics and more with 24 credits of accounting courses.

Residency

Completing the 24 credits of the CPA Exam Education Eligibility program at St. Cloud State will provide you residency in the state of Minnesota for the sake of the exam, so that you can still be eligible to sit for the CPA exam as a Minnesota candidate. You can take the exam in a different state, while specifying that you meet the education requirements in Minnesota. 

If you live outside of the United States, completing this certificate would still provide you residency in the state of Minnesota and would allow you to be eligible to sit for the CPA exam as a Minnesota candidate. There are a number of International sites and U.S. jurisdictions where you could take the exam, while specifying that you meet the education requirements in Minnesota. 

Please see the National Association for State Boards of Accountancy (NASBA) website for more information about taking the exam internationally.

Due to the Uniform Accountancy Act’s (UAA) provision of “substantial equivalency”, individuals with a MN CPA license are generally allowed reciprocity to practice as a Certified Public Accountant in any U.S. jurisdiction. Individuals should still check with the Board of Accountancy in the state he/she intends to practice to make sure that its rules are substantially equivalent to those in the UAA. Here is a link to the Uniform Accountancy Act. (PDF)

Steps to licensure

Completing the CPA Exam Education Eligibility certificate program and passing the exam does not grant you licensure.

There is a one-year experience requirement that must be satisfied before individuals can apply for licensure.

Individuals also must provide evidence of having completed 150-credit hours of education prior to becoming licensed. The 24 credits in this certificate program count as part of an individual’s 150 credits.

Please see the Minnesota State Board of Accountancy website for further details about the education, examination and experience requirements for becoming a licensed CPA in Minnesota.