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Accounting Schools in New Jersey for 2025 – How to Become a CPA in NJ
Becoming an accountant can offer potentially lucrative careers with long-term rewards, the opportunity to work independently or with a company, and the flexibility to work in different types of businesses since every industry needs accountants. Accountants with a master’s degree or license as Certified Public Accountant (CPA) can also gain access to high-paying jobs with bigger responsibilities.
In the state of New Jersey, more than 44,700 people are employed as accountants or auditors, according to the Bureau of Labor Statistics (BLS, 2023). BLS also projects positive job growth for the occupation—more than 6% from 2021 to 2031. This is faster than the average for most occupations. If you are not yet ready for a 4-year bachelor’s degree, you can start your accounting studies with an on-campus or an online associate degree in accounting.
This article taps into the Research.com investigative team’s analysis of the regulations of New Jersey. It will answer questions like how to be an accountant in NJ and provide a list of accounting schools in New Jersey that provide top-notch bachelor’s and master’s degree programs in accounting. As a result, you will get an overview of how to become a CPA in NJ and qualify for high-paying job roles in different organizations.
With a positive job outlook, accounting could be an excellent choice for your future career. There is also a clear path to career advancement with the right education and training. The requirements to become a CPA in New Jersey are organized into three categories: education, experience, and exam. Here are the relevant items under each category (NJCPA, n.d.). To compare requirements with other states, start with our post on CPA requirements Illinois guide.
Education
To be eligible to take the CPA exam in New Jersey, candidates must have these minimum educational qualifications:
Bachelor’s degree or higher from an accredited school or university
24 semester hours in accounting
24 semester hours in business
A total of at least 120 semester hours
The degree can be in any field of study
Take note that the 120 semester hours are an initial requirement so you can take the CPA exam. But you will need a total of 150 semester hours to become licensed. If you have not completed your 150 semester hours, you can do so after passing the CPA exam.
To fulfill the 150 semester hours requirement, many candidates choose to pursue an additional major during their undergraduate studies or begin a master’s program. If you intend to work while studying, an online masters degree in accounting can be a more practical approach to fulfilling the licensure requirements.
Do you need a master’s in accounting to take the CPA exam in New Jersey?
No, you do not need to have a master’s degree in accounting to take the CPA in NJ. Candidates only need a bachelor’s degree. With that said, having an advanced degree in accounting could help you perform better in the CPA exam in New Jersey as it can provide you with additional knowledge and skills that are relevant to the test. Check our list of online accounting masters degree programs to start your research on advanced studies in accounting.
Experience
So how long does it take to become a CPA in NJ? Aside from formal education, you also need to accumulate a year of relevant work experience. Here are the conditions laid out by the New Jersey regulation board. Check our guide on Texas CPA requirements to compare NJ requirements with that of Texas.
One year of full-time regular employment based on a minimum of 1,750 hours per year. Part-time work experience should also be the same minimum number of hours and acquired within two consecutive years.
The work experience must be under a CPA whose active license is from NJ or from a state that is substantially equivalent to NJ.
The experience is in public accounting or auditing or their equivalent. To document your work experience, you will have to produce “Statements of Experience" for ALL employment undertaken after obtaining their bachelor’s degree.
Take note that the experiences you can count toward the one-year experience requirement are those completed after you received your bachelor’s degree. The NJ regulatory board will not consider work experience acquired before obtaining your bachelor’s degree.
It is also worth mentioning that emerging technologies used in accounting such as blockchain, AI, big data are changing the expectations of companies of accountants. Your proficiency in these technologies can present better career opportunities. As stated by the authors Kroon, N. et al in their paper “The Impacts of Emerging Technologies on Accountants’ Role and Skills: Connecting to Open Innovation—A Systematic Literature Review" published in Journal of Open Innovation: Technology, Market, and Complexity, “accountants are already starting to work with data scientists and understand their business, so accountants are poised to contribute meaningfully to their firms as part of the big data revolution."
Exam
The Uniform CPA Exam is a computer-based exam designed to assess the knowledge and skills of candidates necessary to practice public accountancy (NASBA, n.d.). It consists of four sections, and you must pass all sections as part of the licensure requirements, earning a minimum score of 75 on each exam.
It is impossible to take the entire NJ CPA exam in one day as each section takes four hours for a total of 16 hours. You will have to schedule and take each section of the exam separately. You have 18 months to pass all four sections. Use our guide to preparing for accounting exams to get tips and study resources that could help you better prepare for the CPA exam.
The Bureau of Labor Statistics estimates about 136,400 job openings for accountants and auditors each year, on average, over the decade from 2021 to 2031. Many of these vacancies are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as retirees (BLS, 2022).
With this in mind, there are many job roles you can take if you decide to study accountancy. Get detailed career information in our guide on getting an accounting degree. It answers questions like what can I do with an accounting degree, the costs of an accounting education, and job opportunities.
Some of the top industries for accountants include finance and insurance, tax preparation, government, healthcare, pharma, manufacturing, consumer products, technology, and retail. As for the pay, in May 2021, the median yearly salary for accountants and auditors was $77,250. The bottom 10% of earners made less than $47,970, while the top 10% earned more than $128,970 (BLS, 2022).
Here are a few job roles you can explore with an accounting degree:
Financial analyst (entry-level)
Financial analysts are professionals who analyze financial data for internal or external clients. They work in various organizations like banks and insurance companies, and guide individuals and businesses in making decisions about money investment.
Salary range: $58,318 to $70,810
Audit Manager (experienced, master’s in accounting)
An Audit Manager oversees internal audits and ensures compliance with international and governmental regulations. They work for institutions such as banks, reviewing and analyzing audit and accounting processes, training and supervising staff, and making policy recommendations. Ultimately, they are responsible for supervising the internal actions, methods, and practices of an organization.
Salary range: $119,940 and $151,797
Forensic Accountant (experienced, CPAs)
A Forensic Accountant is a professional who detects and prevents financial fraud and white-collar crimes using accounting, auditing, and investigative skills. They work with law enforcement agencies, attorneys, and other organizations, analyze financial data, prepare reports, and testify in court as expert witnesses.
Salary range: $44,000 and $100,000
Note that salaries can vary depending on the location, your experience, education, and the industry where you are trying o get a job in accounting.
2025 Best Accounting Schools in New Jersey
To come up with the best accounting schools in New Jersey, our Research.com team evaluated private and public universities and considered factors such as academic ratings, enrollment rate, affordability, and other important metrics. Accounting programs offered at the universities included on our list are all accredited by the New Jersey State Board of Accountancy.
1. Rider University Accounting, B.S.B.A.
The Rider University Accounting, B.S.B.A. program helps students develop their technical knowledge, critical thinking skills, and hands-on experience to launch a successful business or accountancy career. The program also includes an internship-based independent study. According to the university, 75% of its accounting majors complete a paid internship or co-op while in the program. Rider University also offers a Master of Accountancy (MAcc), Online Master of Accountancy (MAcc), Forensic Accounting (Graduate Certificate), and Fraud and Business Forensics (Continuing Education Certificate).
Program Length: Four years
Tracks/Concentrations: business and accounting principles
Tuition:$37, 475
Accreditation: AACSB
2. Seton Hall University Bachelor of Science in Accounting
The Seton Hall University Bachelor of Science in Accounting program aims to increase students’ technical knowledge, analytical and communication skills, and ethics. The program also provides exposure to various business topics and practical experience in information technology through a partnership with SAP (a leading enterprise resource planning software company). Sample courses include Accounting theory, Budgetary control, Financial reporting requirements, and Taxes.
Program Length: Four years
Tracks/Concentrations: accounting, auditing
Tuition: $1,420 per additional credit
Accreditation: AACSB, CEHS
3. Rutgers University Bachelor of Science in Accounting
The Rutgers University Bachelor of Science in Accounting provides a strong foundation in specializations in accounting, like tax accounting, budget accounting, and internal auditing. The curriculum includes two introductory Finance courses that can fulfill a business core requirement. It also offers a program at the master’s level for students who want to prepare for a career as a CPA.
Program Length: Four years
Tracks/Concentrations: public accounting, auditing, taxation
4. Montclair State University BS, MS, MBA in Accounting
The Montclair State University undergraduate program in accounting provides students with a strong foundation in accounting principles, business concepts, and analytical skills. The programs prepare students for careers in accounting, finance, and related fields. They likewise offer a combined BS/MS in Accounting program that helps students become Certified Public Accountants (CPAs) and fulfill the 150-hour requirement.
Tuition: $33,096 (average cost before any financial aid)
Accreditation: MSCHE
5. The College of New Jersey Bachelor of Science in Accounting
The College of New Jersey Bachelor of Science in Accounting consists of 10 accounting courses that integrate accounting theory, research, and computer applications. Classes are taught by full-time faculty who are experts in specialized accounting fields, and opportunities are available for research collaboration and studying abroad. The program prepares students for careers in various accounting sectors and offers a pathway to licensure as a CPA.
Program Length: Four years
Tracks/Concentrations: accounting and information systems
Tuition: 17,287 (in-state), 29,594 (out-of-state)
Accreditation: MSCHE
6. Berkeley College Accounting B.B.A. and A.A.S. Degree
The Berkeley College Accounting programs incorporate inputs from industry experts through Advisory Boards to ensure that it covers the necessary accounting theory and practical knowledge. The curriculum includes a range of accounting courses, such as financial accounting, managerial accounting, taxation, auditing, and accounting information systems. Students learn to use major accounting software applications to record data into books of original entry, maintain the general ledger, and generate financial statements.
7. Thomas Edison State University Business Accounting
The Thomas Edison State University Business Accounting programs provide students with a comprehensive education in accounting principles, including financial reporting, taxation, auditing, and accounting information systems. They include courses in financial accounting, managerial accounting, cost accounting, and auditing. Students have the option to integrate the bachelor’s program seamlessly into the CPA & Master’s programs. The program is structured to ensure that students acquire college-level proficiency in finance, business, and the arts and sciences. The university also offers a wide range of accounting courses, such as Financial Accounting and Accounting Information Systems.
Program Length: Four years
Tracks/Concentrations: accounting, auditing
Tuition: $7,182 (in-state), $9,342 (out-of-state)
Accreditation: MSCHE
What continuing education is required to maintain a CPA license in New Jersey?
Maintaining a CPA license in New Jersey involves ongoing professional development through Continuing Professional Education (CPE) requirements. These requirements ensure that CPAs stay current on regulatory changes, best practices, and emerging trends in accounting and finance. Key points about CPE requirements for New Jersey CPAs include:
Minimum CPE Hours: CPAs in New Jersey must complete 120 hours of CPE over a three-year reporting period, with a minimum of 20 hours each year to maintain an active license.
Ethics Requirements: CPAs must complete at least 4 hours of New Jersey-specific ethics training during each three-year period, covering professional conduct, state laws, and relevant regulations.
Specialized CPE: Depending on their areas of practice, CPAs may need to fulfill additional CPE hours in specialized fields like auditing, taxation, or accounting standards.
Qualified Courses and Providers: Only CPE credits from approved providers and qualified courses count toward the CPE requirement. Recognized providers include state CPA societies, professional organizations, and accredited institutions.
Recordkeeping and Compliance: CPAs must retain CPE documentation for a specified period (typically five years) in case of an audit by the New Jersey State Board of Accountancy.
Online and In-Person Options: Many CPE providers offer flexible online courses, webinars, and in-person workshops to help CPAs meet their requirements conveniently.
How Can Additional Professional Certifications Enhance Your Accounting Career in New Jersey?
While a CPA remains the cornerstone certification for accounting professionals in New Jersey, acquiring additional credentials can differentiate candidates and expand career opportunities. Recognized certifications such as the Certified Management Accountant (CMA), Certified Internal Auditor (CIA), and Certified Fraud Examiner (CFE) not only deepen technical expertise but also signal specialized knowledge to employers. These credentials may lead to higher earning potential, broader job responsibilities, and improved prospects in niche areas of accounting. Furthermore, for professionals considering interdisciplinary roles that bridge financial expertise with healthcare management, exploring related career pathways—such as how to become a nurse practitioner in New Jersey—can provide unique insights into managing complex regulatory and financial environments in the healthcare sector.
How are emerging technologies reshaping accounting practices in New Jersey?
Advancements in digital technology are fundamentally altering accounting operations in New Jersey. Automation, artificial intelligence, and blockchain are streamlining routine functions, reducing error risks, and improving overall operational efficiency. Accountants who integrate data analytics and cloud-based solutions into their practices can offer deeper strategic insights and enhanced decision-making capabilities. For professionals seeking to specialize in tax-related fields influenced by technological evolution, pursuing an online masters in taxation can provide the technical competencies required to navigate this dynamic landscape.
What are the affordable pathways to an accounting degree in New Jersey?
Pursuing an accounting degree in New Jersey doesn’t have to strain your finances. Several affordable and flexible pathways allow aspiring accountants to achieve their academic and career goals while balancing other life commitments.
Community College Transfer Programs: Starting at a community college, such as Brookdale Community College or Essex County College, can be a cost-effective way to begin your accounting education. Many community colleges offer transfer agreements with four-year institutions, allowing students to complete their associate degree affordably before transferring to a bachelor's program.
Online Degree Programs: Online accounting degrees provide the flexibility to balance education with work or family responsibilities. Institutions like Thomas Edison State University offer affordable online accounting programs that cover essential skills such as financial reporting, taxation, and auditing. For those seeking cost-effective options, explore affordable online accounting degree programs, which combine quality education with competitive tuition rates.
Employer-Sponsored Education: Many employers in New Jersey, particularly in the finance and business sectors, offer tuition reimbursement or sponsorship programs for employees pursuing accounting degrees or CPA certification. This option allows you to gain practical experience while advancing your education with financial support.
Scholarships and Grants: Numerous scholarships are available for New Jersey students pursuing accounting degrees. For instance, the New Jersey Society of CPAs (NJCPA) offers scholarships to high school seniors, college students, and graduate students studying accounting. Additionally, federal and state grants, such as the Pell Grant and New Jersey Tuition Aid Grant (TAG), can significantly reduce education costs.
Accelerated Degree Programs: Accelerated bachelor’s-to-master’s programs, like the BS/MS in Accounting at Montclair State University, enable students to complete their 150 credit hours for CPA eligibility faster. These programs streamline the educational process and reduce overall costs.
By leveraging these affordable and flexible pathways, aspiring accountants in New Jersey can pursue their education and career goals without compromising on quality or financial stability. Whether starting at a community college, enrolling in an online program, or utilizing employer-sponsored education, there are options tailored to diverse needs and circumstances.
How Can Professional Networking Accelerate Your Accounting Career in New Jersey?
Engaging with professional organizations and local networking groups offers access to industry insights, mentorship, and career advancement opportunities. In New Jersey, associations such as the New Jersey Society of CPAs and regional accounting forums frequently host seminars, workshops, and events that present emerging practices and regulatory updates. These events not only provide real-time information on evolving industry standards but also cover essential elements like CPA exam requirements, ensuring members remain competitive in the licensing process. Networking within these communities fosters strategic relationships, enhances collaboration, and helps professionals gain a comprehensive view of career dynamics in the local market.
Can integrating healthcare billing expertise boost your accounting career in New Jersey?
Blending traditional accounting skills with expertise in healthcare billing can provide a competitive edge in today's financial landscape. New Jersey’s substantial healthcare sector often demands precise management of reimbursement systems and regulatory compliance, opening niche roles for professionals who diversify their competencies. Such an integrated skill set enhances decision-making in financial operations and expands career prospects in healthcare-related financial management. Explore insights on how to be a medical coder in New Jersey to understand how specialized billing skills can complement your accounting expertise.
How Can You Stay Updated on Regulatory Changes in New Jersey?
Staying current with evolving accounting standards and regulatory changes is critical for maintaining professional credibility and ensuring compliance. Accountants can monitor official sources such as state board announcements, subscribe to industry newsletters, and participate in specialized webinars and forums led by regulatory bodies. Engaging with professional networks and local associations also provides real-time insights into modifications affecting licensure and practice. For instance, reviewing the latest CPA requirements in New Jersey helps professionals align their practices with state-specific compliance measures. Regularly updating your skills through continuing education programs further enhances your readiness for shifting standards in the dynamic landscape of New Jersey accounting.
Can integrating educational roles with accounting enhance career growth in New Jersey?
Exploring opportunities beyond traditional accounting roles can offer professionals a competitive edge by blending technical expertise with educational leadership. Combining industry experience with instructional roles—such as guest lecturing, conducting workshops, or mentoring aspiring accountants—can foster sharper communication skills, promote continuous learning, and open new avenues for career advancement. For those considering such a dual approach, evaluating the prerequisites for a teaching career may be beneficial; review what degree do you need to be a teacher in New Jersey to assess how educational credentials can complement your accounting background and expand your professional influence.
Are there alternative pathways to becoming an accountant in New Jersey?
While traditional bachelor’s and master’s degree programs remain the most common routes for aspiring accountants, accelerated accounting degree programs are gaining popularity among students looking to fast-track their careers. These programs offer a streamlined, intensive curriculum that allows students to complete their education in a shorter time, often within 1-2 years, depending on the program structure.
For those who are eager to jumpstart their accounting careers without waiting the typical 4-6 years to complete a traditional degree, an accelerated accounting degree could be an ideal option. These programs provide the same rigorous training as their traditional counterparts but condense the coursework into a more intensive format. Whether pursued online or in-person, accelerated accounting degrees are designed to give students the knowledge and skills needed to pass the CPA exam and thrive in the accounting profession, all while offering a faster return on investment.
Additionally, for those already in the workforce or looking to pivot into accounting, accelerated online accounting degree programs are an excellent choice. These programs provide flexibility, allowing students to balance work, study, and family commitments while earning a high-quality education.
If you are considering whether this fast-paced option is right for you, you may want to reflect on is a master's in accounting worth it—accelerated programs can provide a strong foundation for obtaining CPA certification while potentially saving you time and money.
Benefits of Accelerated Accounting Programs:
Time Efficiency: Typically, accelerated programs allow you to earn your degree in a shorter time, enabling you to start your career or pursue the CPA exam sooner.
Cost-Effective: Many accelerated programs are more affordable than traditional degree programs, as they reduce the overall time spent in school.
Flexibility: Online accelerated programs offer flexibility for working professionals who cannot commit to a traditional, on-campus schedule.
Quality Curriculum: Despite the condensed format, accelerated programs are designed to maintain the rigor and depth necessary for accounting professionals to succeed.
Can blending accounting expertise with educational roles boost your career in New Jersey?
Accountants who take on educational roles can leverage their technical expertise to develop leadership, communication, and mentorship skills that add considerable value to their professional profile. Integrating teaching responsibilities—whether through part‐time adjunct positions or specialized training workshops—can broaden career opportunities and foster industry connections while enhancing personal branding. For insights into combining instructional methodologies with accounting practice, review how to become a high school math teacher in New Jersey.
How Can Understanding Legal Processes Benefit Accounting Professionals in New Jersey?
Accounting professionals who acquire legal insights can enhance their roles by ensuring compliance, strengthening contract reviews, and mitigating risks associated with regulatory changes. Integrating legal acumen helps in deciphering complex legislation and streamlining dispute resolution processes, thereby adding value to decision-making and advisory functions. Professionals may also consider leveraging cross-disciplinary training in legal processes through targeted programs such as how to become a paralegal in New Jersey to broaden their expertise and career prospects.
Scholarships and Financial Aid for Accounting Students in New Jersey
Securing financial aid or scholarships is an essential aspect of making higher education more accessible for students pursuing accounting degrees in New Jersey. Whether you’re aiming for an associate, bachelor’s, or master’s degree, a variety of funding options are available to ease the financial burden.
State-Funded Scholarships and Grants
New Jersey residents can benefit from several state-funded financial aid programs like the Tuition Aid Grant (TAG) and Educational Opportunity Fund (EOF). These programs are designed to assist students who demonstrate significant financial need. Additionally, New Jersey offers specialized scholarships such as the Garden State Scholarship Program, which rewards academic excellence.
University-Specific Scholarships
Many of the best accounting schools in New Jersey, such as Rutgers University and The College of New Jersey, provide institution-specific scholarships tailored to accounting and business students. These scholarships often have merit-based eligibility criteria and may require maintaining a certain GPA throughout the academic program.
National Scholarships for Accounting Majors
Organizations such as the American Institute of Certified Public Accountants (AICPA) offer national-level scholarships like the AICPA Legacy Scholarships. These awards are available to aspiring CPAs and other accounting students, providing funding for those who meet academic and leadership requirements.
Employer-Sponsored Tuition Reimbursement
Some New Jersey employers sponsor tuition reimbursement programs for employees pursuing degrees relevant to accounting or business. As businesses often prioritize developing internal talent, this is an excellent option for working professionals seeking to advance their skills.
Online Scholarship Resources
Platforms such as Research.com compile updated lists of funding opportunities for accounting and business students. Explore their resources to identify scholarships that align with your academic and career goals. You can also use their guide to the best business schools in New Jersey to assess which institutions might offer the most robust financial assistance programs.
Remember, applying for multiple scholarships and aid programs increases your chances of securing funding. Reviewing the eligibility criteria and adhering to application deadlines is crucial to ensuring success.
What Alternative Career Paths Are Available to Accounting Graduates in New Jersey?
Accounting graduates in New Jersey have a wide range of career opportunities beyond traditional accounting roles. If you're interested in exploring alternative career paths, you may want to consider a career as an elementary school teacher requirements in New Jersey. This career path requires a different set of skills and education, but can be a rewarding and challenging alternative to accounting. Additionally, accounting graduates can also consider roles in finance, business, and government, where their analytical and problem-solving skills are highly valued. By considering these alternative career paths, accounting graduates in New Jersey can expand their job prospects and find a career that aligns with their interests and skills.
Can integrating forensic investigation skills enhance accounting careers in New Jersey?
Professionals equipped with investigative expertise are increasingly valued for their ability to detect anomalies and support fraud prevention. Merging analytical accounting skills with forensic techniques enables experts to conduct thorough examinations, mitigate risk, and provide substantiated insights to legal teams. Advanced training in this interdisciplinary area can differentiate candidates in a competitive market and expand opportunities into specialized roles that require precision and critical thinking. Aspiring professionals may consider pursuing a forensic science degree in New Jersey as a strategic complement to their accounting credentials.
Can Urban Planning Expertise Enhance Accounting Career Strategies in New Jersey?
Accountants who broaden their skill set by understanding urban planning principles can offer specialized financial insights in development projects and municipal investments. This cross-disciplinary knowledge supports evaluating real estate portfolios, public-private partnerships, and infrastructure financing, adding strategic value when advising clients or employers on complex urban economic initiatives. For a deeper exploration of these synergies, consider reviewing how to become an urban planner in New Jersey.
Starting Your Accounting Career in New Jersey
Several accounting schools in New Jersey can help you get the right education and training toward an impressive career in accounting. Whether you are interested in pursuing a bachelor’s or a master’s degree, these programs offer a rigorous curriculum that covers all aspects of accounting, including auditing, taxation, financial accounting, and information systems. Moreover, many of these programs offer internships, research opportunities, and study abroad programs that can help you gain practical experience and enhance your resume.
Advancing as an accountant and earning your license as a CPA though requires a combination of higher education, intensive work experience in public accounting, and continuing education as an accountant. It will be a long career journey but can also be one that promises stable employment in the future.
If you are still looking for more job options for accounting graduates, there are different accounting careers that you can explore further. The options span bachelor’s, master’s, and doctoral degree programs, each with its required skills, salary potential, and career paths.
High Demand and Positive Job Growth: The Bureau of Labor Statistics projects a 6% growth in accounting jobs from 2021 to 2031, faster than the average for all occupations, indicating strong demand for accountants.
Competitive Salaries: Accountants in New Jersey earn a competitive median annual salary, with opportunities for higher earnings through advanced degrees and CPA licensure.
Diverse Educational Pathways: Aspiring accountants in New Jersey can pursue various educational pathways, including associate, bachelor’s, and master’s degrees, with many programs offering online options.
Comprehensive CPA Requirements: To become a CPA in New Jersey, candidates must meet specific educational, experience, and examination requirements, including 150 semester hours of education and passing the Uniform CPA Exam.
Technological Proficiency: Emerging technologies like blockchain, AI, and big data are reshaping the accounting field, and proficiency in these areas can enhance career opportunities.
Varied Career Opportunities: Accountants can work in diverse industries such as finance, healthcare, government, and technology, with roles ranging from financial analysts to forensic accountants.
FAQ
1. What educational qualifications are required to take the CPA exam in New Jersey?
To be eligible to take the CPA exam in New Jersey, candidates must have a bachelor’s degree or higher from an accredited school or university, with at least 24 semester hours in accounting and 24 semester hours in business, totaling at least 120 semester hours. However, 150 semester hours are required for licensure.
2. Do I need a master’s degree to become a CPA in New Jersey?
No, a master’s degree is not required to take the CPA exam in New Jersey. However, pursuing a master’s degree can help fulfill the 150 semester hours required for licensure and provide additional knowledge and skills relevant to the exam and professional practice.
3. What kind of work experience is required for CPA licensure in New Jersey?
Candidates need to accumulate one year of full-time work experience, equivalent to 1,750 hours, in public accounting or auditing. This experience must be supervised by a CPA with an active license from New Jersey or a substantially equivalent state.
4. What is the format of the Uniform CPA Exam?
The Uniform CPA Exam consists of four sections: Auditing & Attestation (AUD), Business Environment & Concepts (BEC), Financial Accounting & Reporting (FAR), and Regulation (REG). Each section takes four hours, and candidates must pass all four sections within 18 months, earning a minimum score of 75 on each.
5. What are some potential career opportunities for accountants in New Jersey?
Accountants in New Jersey can explore various roles such as financial analysts, audit managers, forensic accountants, tax advisors, and internal auditors. These roles are available across different industries, including finance, healthcare, government, and technology.
6. How much can accountants in New Jersey expect to earn?
In May 2021, the median annual salary for accountants and auditors was $77,250, with the top 10% earning more than $128,970. Salaries can vary based on factors such as location, experience, education, and industry.
7. What are some of the best accounting schools in New Jersey?
Top accounting schools in New Jersey include Rider University, Seton Hall University, Rutgers University, Montclair State University, The College of New Jersey, Berkeley College, and Thomas Edison State University. These schools offer accredited programs with rigorous curricula and practical experience opportunities.
8. Can I pursue an accounting degree online in New Jersey?
Yes, many schools in New Jersey offer online accounting degree programs, including options for associate, bachelor’s, and master’s degrees. Online programs provide flexibility for students who need to balance work and study.
9. How long does it take to complete an accounting degree in New Jersey?
An associate degree typically takes two years, a bachelor’s degree takes four years, and a master’s degree takes an additional one to two years. Accelerated programs and part-time study options may alter these time frames.
10. What is the importance of technological proficiency in accounting?
Emerging technologies like blockchain, AI, and big data are transforming the accounting profession. Proficiency in these technologies can enhance an accountant’s ability to analyze data, improve efficiency, and provide innovative solutions, leading to better career opportunities.
Kroon, N., do Céu Alves, M., Martins, I. (2021). The Impacts of Emerging Technologies on Accountants’ Role and Skills: Connecting to Open Innovation—A Systematic Literature Review. DOI