| CPAs are required to have a broad understanding | | | | organization. |
| of a wide variety of concepts in the field of | | | | Business Law allows the CPA to be familiar with |
| accounting. However, having extensive expertise | | | | matters like constitutionality and jurisdiction, law of |
| only in accounting is just not enough. CPAs are | | | | contracts, agency, federal and state laws, |
| required to be more than accountants. | | | | statutory laws and administrative regulation. |
| CPAs must be professionals who are broadly | | | | Communication is of critical importance. It teaches |
| educated and who have the necessary technical | | | | the CPA to take a bunch of numbers and |
| competence and the analytical abilities, | | | | statistics and convey them in a clear, concise way |
| interpersonal and communication skills, and the | | | | that makes sense to the layman. Since the |
| cultural awareness that are necessary to serve | | | | primary resource of the CPA is the public, |
| the public. The reason a CPA is required to endow | | | | interpersonal skills are mandatory. |
| himself with so many skills lies in the complex and | | | | Finance is essential. Understanding of the concepts |
| constantly changing environments around them. | | | | and tools used in financial analysis, knowledge of |
| There are a variety of courses that CPAs must | | | | financial instruments, familiarity with the structure |
| focus on to gain the necessary expertise. | | | | and terminology of domestic and international |
| Accounting is obviously a must. In order to build a | | | | stock markets all go a long way in helping the |
| strong accounting foundation, the CPA must | | | | CPA become an expert in his profession. |
| master the basics of accounting, which include | | | | Economics, especially a deep understanding of |
| financial accounting, managerial accounting, taxation | | | | micro and macroeconomics, can help the CPA |
| and auditing. | | | | understand how the economy operates. |
| Behavioral Sciences are important because they | | | | Apart from the above courses, other important |
| give the CPA an in-depth understanding of the | | | | ones are Information Systems, Ethics, |
| management practices followed in various | | | | Globalization, Marketing, Legal and Social |
| business organizations. They teach the CPA the | | | | Environment and Quantitative Applications. |
| human factors that are involved in all levels of an | | | | |