Nebraska Cpa Exam License Requirements 2022

Nebraska CPA Exam

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Nebraska is a two-tier state. It indicates that you are issued a CPA certificate immediately after passing the CPA Exam. However, you will get a CPA license only after acquiring the required work experience.

CPA certification is proof that you have fulfilled particular educational standards and passed the CPA ExamCPA ExamA Certified Public Accountant (CPA) is a US state board-issued license to practice the accounting professionread more. At the same time, a CPA license is a permit to practice the profession actively. The U.S. jurisdiction also undertakes the international administration of the Uniform CPA Exam.

Please note that the finance sector is one of the major sources of employment in Nebraska. Being home to bigwigs like Berkshire Hathaway and TD Ameritrade and numerous community banks and financial institutions, candidates can safely invest in an accounting career in the state. Besides, the CPA certification ensures higher than average pay and lifelong job stability.

Therefore, let’s explore the Nebraska CPA exam and license requirements.

Contents

Nebraska CPA Exam Requirements

Eligibility RequirementsFeesRequired Documents

Nebraska CPA Certificate Requirements

Ethics Requirement

Nebraska CPA License Requirements

Education RequirementsExam RequirementsCertification RequirementsExperience Requirements

Continuing Professional Education (CPE)

Nebraska Exam Information & Resources

Nebraska CPA Exam Requirements

Passing the four-part computerized examination is the first step toward Nebraska’s CPA licensure. It determines the proficiency level required by CPAs to preserve the public interest.

The American Institute of Certified Public Accountants (AICPA), the National Association of State Board of Accountancy (NASBA), and Prometric jointly handle the overall CPA examination process.

You must gain at least 75 points on a scale of 0-99 in each part to successfully pass the test. You have a rolling 18-month period to clear the remaining CPA exam sectionsCPA Exam SectionsThe Uniform Certified Public Accountant (CPA) Exam comprises four sections, namely, Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). The unique content, structure, format, and scoring of the CPA exam earn it the title of one of the most challenging professional exams. read more starting from the date you sat for the first cleared exam sections. Note that each part is four-hour long.

Eligibility Requirements

General Requirement

Be a Nebraska resident, regularly employed in Nebraska, or have a place of business in Nebraska.

Education Requirement

At least a baccalaureate degree from a four-year academic institution with a minimum of 150 semester hours (225 quarter hours) of postsecondary education, including:

30 semester hours (45 quarter hours) in non-introductory level accounting covering the following subjects:Financial Accounting TheoryCost/Managerial AccountingAuditingTaxationAccounting Information SystemsGovernmental/Not-for-profit Accounting30 semester hours (45 quarter hours) in general business subjects like:MicroeconomicsMacroeconomicsMarketingBusiness LawFinanceManagementPrinciples of AccountingBusiness Ethics
Financial Accounting Theory
Cost/Managerial Accounting
Auditing
Taxation
Accounting Information Systems
Governmental/Not-for-profit Accounting
Microeconomics
Macroeconomics
Marketing
Business Law
Finance
Management
Principles of Accounting
Business Ethics

Candidates currently enrolled in an academic institution may also apply for the CPA Exam. Here are the related deadlines.

The board accepts credits earned at a two-year institute only if it is transferred to a regionally authorized four-year institute and the credit is applied toward the degree.

Submit the exam application, related fees, and documents to CPA Examination Services (CPAES). CPAES is a division of NASBA that offers examination services to the NBPA. Please visit the NASBA portal for complete information.

Candidates may also utilize the NASBA Advisory Evaluation service to look for any academic inadequacies in their education before the final submission.

Fees

Let’s view the CPA Exam fee structure.

Nebraska applicants can’t pull back from the exam or request to extend their Notice-to-Schedule (NTS). Nonetheless, critical conditions are an exception to request an NTS extension or a partial exam fees repayment.

Both examination and application fees are non-refundable. Furthermore, an eligible applicant has six months from the NTS issuance date to schedule and attempt the approved section(s).

Required Documents

Here is the list of required documents to be submitted to CPAES.

Note that the COE form must be submitted by candidates enrolled in college at the time of application. The authorized agencies for evaluation of educational credentials are:

NASBA International Evaluation Services (NIES), orAny member of the National Association of Credential Evaluation Services (NACES)

Your academic institution can also submit the e-transcripts directly to CPAES. Know that only original and not photocopied transcripts are acceptable.

Nebraska CPA Certificate Requirements

Before applying for the Nebraska CPA Certificate, candidates must:

Be a Nebraska resident with a place of business or regular employmentHave at least a baccalaureate degree with 150 semester hoursPass the CPA ExamComplete the NBPA Ethics ExamTake the AICPA’s self-study ethics course and exam

Ethics Requirement

NBPA Ethics Exam

The application form for the NBPA Ethics Exam is available on the state board website. The exam consists of MCQs. While attempting the MCQs, you must access Title 288, Chapter 5 of NBPA Rules and Regulations.

You are subject to the following ethical rules as per the engagement context and nature of the provided services.

NBPA Rules & Regulations (Chapter 5)AICPA Code of Professional Conduct Rules for Regulatory Agencies, like Internal Revenue Service (IRS) Circular 230, Public Companies Accounting Oversight Board, etc.

AICPA Ethics Exam

Besides the NBPA Ethics Exam, Nebraska candidates must also take AICPA’s self-study course “Professional Ethics: The AICPA’s Comprehensive Course (For Licensure)” and the ethics exam at the end of it. For licensure, you must score at least 90%. For more details, please refer to the AICPA website.

On completing the ethics exam, AICPA sends the Certificate of Completion to the NBPA. In addition, candidates must fill the CPA Certificate Issuance form and apply it to the state board. On satisfying all the requisites, the board issues the CPA certificate.

Note that the CPA certificate doesn’t provide practicing rights to the holders. So, candidates must fulfill the experience requirement after passing the ethics exams to receive the Nebraska CPA License.

Nebraska CPA License Requirements

Being a two-tier state, Nebraska certificate holders have to satisfy the following requisites for licensure:

Attain Nebraska residencyGet Social Security Number (SSN)Earn 150 semester hours of educationScore a minimum of 75 points in each of the four CPA Exam sectionsReceive the CPA CertificateObtain 2-3 years of work experience

Here is the licensure process.

On meeting the experience requirements, candidates can contact the NBPA office for the licensure application. Ensure to submit the Certificate of Public Accounting Experience form along with it. Now let’s dig deeper to know more about the licensure requisites.

Education Requirements

You must hold a baccalaureate degree from a four-year academic institution. In addition, ensure to complete 150 semester hours of post-secondary education. The education requirement for licensure and CPA Exam are the same. Further details are specified in the Eligibility Criteria section.

Exam Requirements

Nebraska licensure applicants must score a minimum of 75 points in each exam section. In addition, they have a rolling 18-month period to conclude the licensure test successfully. Refer to the Nebraska Exam Requirements section for detailed information.

Certification Requirement

Pass both the NBPA and AICPA ethics exams and acquire the CPA certificate. Please refer to the Nebraska Certificate Requirement section above for additional information.

Experience Requirements

Candidates must gain the necessary experience under the direct supervision of an active CPA. Ensure to obtain the required employment in a licensed and registered CPA Firm.

Continuing Professional Education (CPE)

Candidates must renew their Nebraska CPA License biennially after reporting 80 CPE credit hours. You must earn the CPE hours only through approved sponsors. The National Registry CPE sponsors are usually acceptable.

Here lies all the information.

The Cornhusker State offers flexible education and experience requirements for aspiring CPAs. Also, you don’t have to attain a minimum age or U.S. citizenship to gain the title. All of this makes for a comfortable journey to CPA licensure.

So, begin with checking your eligibility to apply for the CPA exam through Nebraska and fulfill the additional license requirements. To obtain further licensure details, you can refer to the NBPA, AICPA, or NASBA websites. You may also get a membership and secure discounts on exam prep courses. Learn more about CPEs for CPACPEs For CPAAs a Certified Public Accountant (CPA), you need to acquire Continuing Professional Education or CPE credits for sustaining your license. This ensures that you are actively involved in improving your know-how of the profession by engaging in learning activities.read more

Nebraska Exam Information & Resources

Nebraska Board of Public Accountancy (https://nbpa.nebraska.gov/)

1526 K Street, Suite 410

Lincoln, NE 68508

Ph: 402-471-3595

Fax: 402-471-4484

Nebraska Society of CPA (https://www.nescpa.org/)

7435 O Street, Suite 100Lincoln, NE 68510

Ph: 402-476-8482 & 800-642-6178

Fax: 402-476-8731

Email: [email protected]

NASBA (https://nasba.org/)

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Ph: 615-880-4200

Fax: 615-880-4290

CPAES

1.800.CPA.EXAM

[email protected]

AICPA (https://www.aicpa.org/)

220 Leigh Farm Road

Durham, NC 27707-8110

Ph: +1.919.402.4500Fax: +1.919.402.4505