Do you have trouble understanding the Manitoba CPA exam requirements? The attempt to interpret what the rules mean can be a very time-consuming and frustrating process.
In this page, we are going to explain and clarify what exactly are required to sit for the Manitoba CPA exam, so you can start finish off with the application and focus on your exam study as soon as possible
In a nutshell, aspiring CPAs need to fulfill the "3Es" to become a Manitoba CPA:
• Education
• Exam
• Experience
Education
In Manitoba, you'll need to have at least a bachelor degree, preferably a master's degree in accounting and/or business to sit for the exam. In any case you will have to fulfill at least 21 semester units of accounting (including financial accounting, cost accounting, auditing and taxation) as well as 9 semester units of business courses, including business law, finance, and information systems.
Exam
Studying and passing the Manitoba CPA exam is probably the toughest part in your CPA journey. This is a grueling 14-hour exam decided into 4 sections: Financial accounting, Auditing, Regulation (Tax), and Business Law & Ethics. You can take the 4 sections separately within the 18-month window.
Experience
Once you have passed the Manitoba CPA exam, you will have to take an Ethics Exam (which is much easier in comparison), and the next challenge is to fulfill the working experience requirement. Thus, all these requirements if fulfilled properly, one can become a qualified CPA.
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