How to Become an Accountant in Arkansas for 2025

Co-Founder and Chief Data Scientist

In Arkansas, many aspiring financial professionals are exploring the path to becoming a licensed accountant. With the state’s expanding economy and consistent need for qualified accounting experts, opportunities continue to grow across sectors. Accounting employment in Arkansas is projected to grow by approximately 12.4% over the next decade, keeping pace with national trends. However, understanding the certification and licensure process can be challenging for students without clear guidance.

This article, prepared by experts in career planning, will walk you through the essential steps to become an accountant in Arkansas. It highlights the educational pathways, licensure requirements, and key resources to help you stay on track and achieve your goals.

Key Things to Know About Becoming an Accountant in Arkansas

Accounting jobs in Arkansas are growing steadily, with a projected 12.4% increase through 2032, driven by demand in industries like manufacturing and finance.
The average salary for accountants in Arkansas is around $56,733 per year, slightly below the national average but competitive locally.
Getting licensed as a CPA in Arkansas requires 150 credit hours, passing the CPA exam, and gaining relevant work experience.

What is the minimum educational requirement for becoming an accountant in Arkansas?
What are the licensing requirements for accountants in Arkansas?
What are the most in-demand skills for accountants in Arkansas?
What accounting roles are available in Arkansas?
How much can I earn as an accountant in Arkansas?
What is the job outlook for accountants in Arkansas?
How Do I Choose the Right Accounting School in Arkansas?
What specialized certifications can elevate an accounting career in Arkansas?
How are emerging technologies reshaping the accounting landscape in Arkansas?
How can collaborating with legal professionals enhance my accounting career in Arkansas?
Which industries are best for accountants in Arkansas?
What regulations and ethical considerations should I know regarding accounting practice in Arkansas?
What is the continuing educational requirement for accountants in Arkansas
What career and advancement opportunities are available for accountants in Arkansas?
Other Things You Should Know About Becoming an Accountant in Arkansas

What is the minimum educational requirement for becoming an accountant in Arkansas?

To become an accountant in Arkansas, specific educational criteria must be met. Below are the key educational requirements:

Bachelor’s Degree Requirement: Candidates must possess a bachelor's degree or higher from an accredited institution. This degree should encompass at least 120 semester hours of coursework. Many students opt for a fast track accounting degree to complete their degree requirements more quickly and enter the workforce sooner.
Upper-Level Accounting Coursework: A minimum of 30 semester hours in upper-level accounting courses is required. These courses should cover essential topics such as financial accounting, management accounting, governmental or not-for-profit accounting, federal taxation, auditing and attestation, and accounting information systems.
Business-Related Courses: In addition to accounting courses, candidates must complete at least 30 semester hours in business-related courses outside of accounting. These courses should be taught within the business college and cannot include any accounting hours.
Grade Requirements: All accounting and business courses must be completed with a minimum grade of "C" or better to be considered valid for CPA examination eligibility.
Total Credit Hours for Licensure: While 120 semester hours are sufficient to sit for the CPA exam, candidates must complete a total of 150 semester hours of education to obtain CPA licensure in Arkansas.

What are the licensing requirements for accountants in Arkansas?

To obtain an accountant license in Arkansas, candidates must meet specific educational, experiential, and examination criteria. Here's an overview:

Educational Requirements: Candidates must possess a bachelor's degree and complete 150 semester hours of college education. This includes 30 semester hours of upper-level accounting courses and 30 semester hours of business courses, all with a grade of "C" or better.
Uniform CPA Examination: Aspiring CPAs must pass all four sections of the Uniform CPA Examination: Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Regulation (REG), and Business Environment and Concepts (BEC).
Work Experience: Applicants are required to have one year (2,000 hours) of work experience in accounting, which can be gained through public practice, government, industry, or academia. This experience must be verified by a licensed CPA.
Background Check: Candidates must authorize the Arkansas State Board of Public Accountancy to conduct state and national criminal background checks via the Arkansas State Police and the FBI.
Ethics Examination: After passing the CPA Exam, candidates must complete the Arkansas Ethics Examination, which involves a one-hour online self-study course followed by a 30-question test. A minimum score of 22 correct answers is required to pass.
Application for Licensure: Candidates must submit an application for licensure to the Arkansas State Board of Public Accountancy, including all required documentation and fees.
License Renewal: CPAs in Arkansas must renew their license annually, which includes fulfilling continuing professional education (CPE) requirements and paying the renewal fee.

What are the most in-demand skills for accountants in Arkansas?

For aspiring and practicing accountants in Arkansas, developing a well-rounded skill set is essential to meet employer expectations and stay competitive in the job market. Whether in public accounting, industry, or government roles, these skills are among the most valued across the state:

Advanced Knowledge of Accounting Principles: A solid understanding of GAAP and other regulatory standards is fundamental for accurate financial reporting and compliance.
Tax Competency: Familiarity with both federal and Arkansas state tax laws is critical for effective tax planning and preparation services.
Audit and Assurance Abilities: Strong auditing skills, including risk assessment and internal control evaluation, are in high demand, especially in public and nonprofit sectors.
Technology Proficiency: Competence in accounting platforms like QuickBooks, Xero, and Excel, along with exposure to automation and data analytics tools, enhances efficiency and accuracy.
Financial Analysis and Forecasting: The ability to interpret financial data, develop budgets, and generate forecasts supports strategic business decisions.
Communication and Interpersonal Skills: Clear, professional communication is necessary for working with clients, colleagues, and regulatory bodies.
Ethical Judgment and Professionalism: Accountants are trusted with sensitive financial data, so integrity and adherence to professional standards are indispensable.

What accounting roles are available in Arkansas?

Accounting jobs in Arkansas offer a range of opportunities across various sectors, from public accounting to corporate finance. Below are key accounting roles available in Arkansas:

Certified Public Accountant (CPA): CPAs in Arkansas manage financial reporting, tax preparation, and audits. To become a CPA, candidates must pass the Uniform CPA Exam, fulfill educational requirements, and gain relevant work experience, often in industries like agriculture and manufacturing.
Financial Accountant: A financial accounting job in Arkansas focuses on preparing financial statements following GAAP (Generally Accepted Accounting Principles). They work in various industries, including healthcare and retail, ensuring financial accuracy and transparency.
Tax Accountant: Tax accountants in Arkansas specialize in navigating both state and federal tax laws, helping individuals and businesses prepare tax returns and plan their finances. They need to be well-versed in Arkansas’s tax environment, especially given the state’s unique regulations.
Auditor: Auditors ensure that financial statements are accurate and compliant with regulations. Whether internal or external, auditors in Arkansas often hold certifications like the Certified Internal Auditor (CIA) to boost their credibility and work with government or corporate clients.
Budgeting and Forecasting Specialist: These professionals analyze financial data to help businesses create forecasts and budgets. In Arkansas, they focus on sectors like manufacturing and agriculture, providing insights into resource allocation and financial planning.
Cost Accountant: Cost accountants are crucial in Arkansas’s manufacturing and agriculture industries, where they analyze production costs, optimize operational efficiency, and help companies make data-driven decisions related to pricing, inventory, and investment.

How much can I earn as an accountant in Arkansas?

In Arkansas, accountant salaries vary based on factors such as education, experience, certification, and industry. The average annual salary for an accountant in the state is approximately $56,733, with a typical range between $42,763 and $75,266

Factors influencing accountant salaries in Arkansas:

Education Level: Accountants with higher educational qualifications tend to earn higher salaries. For instance, those with a bachelor's degree in accounting can expect to earn approximately $41,500 more than those with only a high school diploma.
Experience Level: Entry-level accountants earn less than their more experienced counterparts. For example, an entry-level accountant with less than two years of experience earns about $41,500 annually, while those with 5–10 years of experience earn approximately $73,400 per year.
Certification: Obtaining a graduate certificate in accounting and finance can lead to higher earnings. CPAs in Arkansas earn an average salary of $77,698, with a range between $47,772 and $126,370.
Industry: Accountants in the Energy, Mining & Utilities sector have a median total pay of $106,503, while those in Financial Services earn a median total pay of $69,716.

What is the job outlook for accountants in Arkansas?

The job outlook for accountants in Arkansas is steady, with employment projected to grow by about 12.4% over the next decade, right in line with the national average. This growth is supported by the state’s diverse economy, including strong sectors like manufacturing, healthcare, and government, as well as major corporations like Walmart and Tyson Foods. Whether you're aiming to work in-house or at a public accounting firm, there are solid opportunities for skilled professionals across both large and small employers.

While the average salary for accountants in Arkansas is around $56,733, slightly below the national mean, the state’s low cost of living helps make that income go further, especially in urban centers like Little Rock, Fayetteville, and Fort Smith. To stay competitive, it’s important to develop technical skills in data analytics and financial software, and to keep up with evolving tax laws and regulations. With the profession rapidly changing, those who stay current with technology and industry trends will have the edge in Arkansas’s accounting job market.

How Do I Choose the Right Accounting School in Arkansas?

Selecting the right educational institution is pivotal to launching a successful accounting career. Prospective students should carefully assess each program’s accreditation, curriculum relevance, faculty expertise, internship opportunities, and post-graduation outcomes. Comparing institutional performance and graduate employment data can offer insight into the program's industry alignment and exam success rates. For a detailed evaluation of reputable programs, refer to the best accounting schools in Arkansas. Additionally, consider program flexibility, networking opportunities, and industry partnerships to ensure the education you receive aligns with your career objectives.

What specialized certifications can elevate an accounting career in Arkansas?

Accounting professionals in Arkansas can maximize their career potential by pursuing specialized certifications that align with emerging industry demands. Unique fields such as forensic accounting, data analytics, and sustainability accounting offer the opportunity to differentiate oneself in a competitive marketplace. In particular, certifications in forensic accounting empower professionals with the investigative and analytical skills needed to detect and address financial discrepancies effectively. For those aiming to broaden their expertise and integrate investigative methodologies with traditional accounting practices, exploring advanced cross-disciplinary options can be beneficial. Consider enhancing your professional profile with insights from forensic scientist education in Arkansas to gain a competitive edge.

How are emerging technologies reshaping the accounting landscape in Arkansas?

In Arkansas, the adoption of advanced digital tools is transforming traditional accounting practices by increasing efficiency, accuracy, and strategic insight. Automation of routine tasks, integration of cloud-based platforms, data analytics, and blockchain technologies are enabling accountants to deliver faster and more reliable financial reporting. Professionals who incorporate these innovations benefit from enhanced decision-making capabilities and improved regulatory compliance. Top-tier programs, such as those offered by the best business schools in Arkansas, continuously update their curricula to equip graduates with the technological skills needed in today's competitive market.

How can collaborating with legal professionals enhance my accounting career in Arkansas?

Accountants increasingly benefit from a multidisciplinary approach that incorporates legal insights, which can simplify complex compliance issues and strengthen risk management strategies. Interacting with legal professionals fosters a deeper understanding of regulatory frameworks and promotes robust due diligence practices, thereby enhancing overall client trust and operational efficiency. Professionals seeking to broaden their expertise may find value in exploring complementary educational paths, such as Arkansas paralegal education requirements, to sharpen their skills in interpreting legal documentation and navigating cross-disciplinary challenges.

Which industries are best for accountants in Arkansas?

Arkansas's diverse economy offers accountants numerous opportunities across various sectors. Here are some of the top industries where accountants can thrive:

Retail and Consumer Goods: Home to Walmart's global headquarters, Arkansas has a significant retail sector. Accountants in this industry handle financial reporting, inventory management, and compliance for large-scale operations.
Transportation and Logistics: With major companies like J.B. Hunt and FedEx operating in the state, the logistics industry requires accountants for cost analysis, budgeting, and financial planning.
Food and Beverage Processing: Arkansas's strong agricultural base supports a robust food processing industry. Accountants here focus on cost accounting, supply chain finance, and regulatory compliance.
Aerospace and Defense: The state hosts numerous aerospace firms, including Dassault Falcon Jet. Accountants in this sector manage complex contracts, government compliance, and project accounting.
Healthcare and Social Assistance: As a growing sector, healthcare facilities in Arkansas need accountants for managing budgets, billing systems, and financial reporting.
Manufacturing: With a significant manufacturing presence, accountants are essential for product costing, inventory control, and financial analysis.

What regulations and ethical considerations should I know regarding accounting practice in Arkansas?

The Arkansas State Board of Public Accountancy (ASBPA) governs licensing, ensuring compliance with legal standards and ethical practices. Here are the key factors you should be aware of:

1. Arkansas State Board of Public Accountancy (ASBPA) Oversight

The ASBPA ensures that all accounting professionals in Arkansas adhere to state laws and regulations. They oversee the licensing process and enforce standards to maintain the integrity of the profession. Regular audits and investigations are conducted to ensure compliance with both state and national accounting principles.

2. Adherence to Generally Accepted Accounting Principles (GAAP)

Accountants in Arkansas must follow GAAP, which outlines the standard accounting practices to ensure consistency and transparency. Compliance with GAAP helps in preparing financial statements that accurately represent a company's financial status, fostering trust among stakeholders, investors, and the public.

3. Code of Ethics by the AICPA

The American Institute of Certified Public Accountants (AICPA) provides a code of ethics that must be followed by all CPAs in Arkansas. This code emphasizes the need for objectivity, confidentiality, integrity, and professionalism, requiring accountants to avoid conflicts of interest and upholding high moral standards in all professional activities.

4. Continuing Professional Education (CPE)

To maintain an active CPA license, accountants in Arkansas must complete 40 hours of continuing professional education (CPE) annually. This includes coursework on ethics to stay updated on new regulations and enhance professional competence. Failing to meet CPE requirements can result in probation or suspension of the license.

5. Reporting Illegal or Unethical Activities

Under the Sarbanes-Oxley Act, accountants are legally obligated to report any illegal activities or significant ethical violations they encounter in the course of their work. This helps maintain transparency and accountability within the profession, ensuring that any fraudulent actions are swiftly addressed to protect the public interest.

What is the continuing educational requirement for accountants in Arkansas?

To practice as a certified public accountant in Arkansas, meeting continuing professional education (CPE) requirements is essential. The Arkansas State Board of Public Accountancy (ASBPA) mandates that CPAs complete 120 hours of CPE every three years, with at least 20 hours each year. Among these, four hours must focus on ethics, reflecting the state's emphasis on maintaining integrity within the profession. This requirement ensures that accountants stay informed about the latest rules, regulations, and best practices. Many professionals also pursue an accounting graduate degree online to deepen their knowledge and meet ongoing educational needs.

The topics you can study are diverse, including auditing, accounting principles, tax laws, and ethics, providing a well-rounded knowledge base. CPAs must report their completed CPE hours annually to the ASBPA, and documentation should be carefully maintained in case of an audit. Failure to meet these requirements could lead to serious consequences, such as fines or license suspension. By staying on top of your CPE obligations, you not only comply with state regulations but also enhance your expertise and maintain client trust in your services.

What career and advancement opportunities are available for accountants in Arkansas?

Arkansas offers a variety of pathways for accountants to advance their careers. Here are key opportunities:

Here’s What Graduates Have to Say about Becoming an Accountant in Arkansas

Becoming an accountant in Arkansas has helped me build a steady career while staying close to my roots. I work with clients in farming and retail, which gives me a deep understanding of the industries that drive our state. It’s rewarding to play a role in strengthening local businesses and ensuring long-term financial health. — Axel

Starting my accounting career in Arkansas has been full of opportunities to grow, especially in sectors like logistics and agriculture. I enjoy the daily variety and how much trust clients place in my ability to help them succeed. This profession gives me both personal satisfaction and a clear path for advancement. — Bryson

Accounting in Arkansas has given me the tools to support not just companies but entire communities. I’ve worked on economic development projects and assisted nonprofit organizations with compliance and reporting. The chance to make a difference while advancing my career is exactly what I was looking for. — Clara

Other Things You Should Know About Becoming an Accountant in Arkansas

What steps are required to apply for the CPA exam in Arkansas?

To apply for the CPA exam in Arkansas, complete 150 semester hours of education with the required accounting and business courses. Submit your application through NASBA, including transcripts and ID. Once approved, you'll receive a Notice to Schedule, allowing you to select your exam dates. You must pass all four sections within an 18-month window. Stay in touch with the Arkansas State Board to meet deadlines and ensure your documentation is complete.

What are the eligibility requirements for taking the CPA exam in Arkansas?

To take the CPA exam in Arkansas, you must have at least 150 semester hours of education, including a bachelor’s degree or higher. You’ll also need 30 hours in accounting subjects like auditing, taxation, and financial accounting, plus 24 hours in business-related courses. Submit official transcripts with your application to the Arkansas State Board. These requirements ensure you're well-prepared to begin the CPA licensure process with a strong academic foundation.

How many attempts are allowed to pass the CPA exam in Arkansas?

There’s no limit to the number of times you can attempt the CPA exam in Arkansas. However, once you pass your first section, you have 18 months to pass the remaining three. If you don’t meet that deadline, your oldest passing score will expire, and you’ll have to retake that section. You must also wait before retaking a failed section. Planning is essential to keep your scores valid and avoid unnecessary delays.

Do I need a supervised accounting experience to qualify as an accountant in Arkansas?

Yes, Arkansas requires CPA candidates to complete one year (2,000 hours) of supervised accounting experience under a licensed CPA. This hands-on training can take place in public accounting, government, private industry, or academia. The work must involve relevant accounting tasks, and your supervisor must verify your experience. This requirement helps ensure you develop practical skills and professional ethics before becoming fully licensed to practice as a CPA in Arkansas.

References:

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Arkansas Economic Development Commission. (n.d.). Key industries in Arkansas. Retrieved from Arkansas Economic Development Commission.
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Bureau of Labor Statistics. (n.d.). Accountants and auditors. Retrieved from Bureau of Labor Statistics.
NASBA. (2023, July 1). CPA exam candidate guide. Retrieved from NASBA.
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