Path Review: Accounting

[dennycrane]

OK, this is concerning but good to know, thanks!

Cost and time is a huge factor for me - which is why I am (was) bullish on UMPI.

I figure having to do all my credits through WGU and not Sophia, Straigherline etc - will take me 2 years as I am working full time - which is 16k right there, and thats just for the Bachelors.

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I understand TX is a pain in the ass for licensure, but I've checked pretty thoroughly and if I were to get my licensure through somewhere like Maine the UMPI accounting course (as long as I have 150 credits) is sufficient. Then I can transfer to TX (after passing exams and 2 years of experience under a CPA)

I will look into WGU more and I think it would be my preference, by the money and time invest just seems to be a non starter for me, sadly.

Thank you for the feedback.

It is hard to know what to do, but at the end of the day if I can get a degree at a fraction of the price, even if the education is subpar, I think that is worth it.

Bruh, there are two states in the enitre union with the strictest and most anal CPA statutes, New York and Texas! Yea, you need to do more reading on Texas. The TSBPA requires that any CPA requesting reciprocity in Texas still have to meet Texas CPA education and licensure requirements, even if already licensed in another state! Again, WGU may take more time but it'll save you on the back end. The Texas BPA isn't dumb and knows what people try to do to get around their rules. Anyway, I also work more than full time (Active duty military) and I was able to finish UMPI in two sessions and the WGU MAcc in one term, so if you are motivated, I can see you finishing WGU in two terms at the most for the BSAcc and one term for the MAcc. UMPI also raised the YourPace tuition to $1,800 per term now, so two sessions at UMPI (16 weeks) cost $3,600 versus one term at WGU (26 weeks) at $4,000. WGU can potentially be faster because you still have exams for quite a few courses, which can take a day or two, if you are familiar with the material. But you do you.

Thanks Man. Do you know if I can transfer credits in from Sophia etc into WGU? and will that have implications for Texas licensure? because if not, then I'd have to do a whole degrees worth of material (in order to meeting the credit requirements) and that will definitely take more than a couple of terms, right? I'd definitely consider the WGU BS and MAcc. if I could transfer in some credits.

Honestly, idk where I'll be in two years time, quite possibly no longer in Texas, so I really don't want to make too solid plans based on that.

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Regarding the Sophia credits: I'm pretty sure the answer is YES but they will likely show as transfer credits, not as credits originating from UMPI (I say this based on how they appear on TESU's transcripts). I'm not familiar with how UMPI's transcripts appear so maybe someone who is can chime in.

I can 100% say that any and all courses transferred to UMPI will be designated as transfer credit on all transcripts. I've graduated twice from UMPI and this is exactly how mine and everyone who transfers credits into UMPI's transcripts appear. Only courses completed at UMPI will be institutional credits.

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I understand TX is a pain in the ass for licensure, but I've checked pretty thoroughly and if I were to get my licensure through somewhere like Maine the UMPI accounting course (as long as I have 150 credits) is sufficient. Then I can transfer to TX (after passing exams and 2 years of experience under a CPA)

I will look into WGU more and I think it would be my preference, by the money and time invest just seems to be a non starter for me, sadly.

Thank you for the feedback.

It is hard to know what to do, but at the end of the day if I can get a degree at a fraction of the price, even if the education is subpar, I think that is worth it.

How would you work for a CPA in Maine? Moving to Maine? You have to work under a CPA for at least 2 years before becoming licensed in Maine. 

https://www.maine.gov/pfr/professionalli...accountant


Chapter 5 is here:

https://www.maine.gov/pfr/professionalli...cyRule.pdf

You don't have to be working in Maine, just under the supervision of a CPA in any state! so I could work from Texas (or any of the state)

I don't think that is going to work. Otherwise anyone could become licensed in Maine.

"You must have completed at least two years of experience under the supervision of a licensed CPA in Maine or an equivalent license in another state or territory of the United States, while employed at a licensed firm in Maine or an equivalent license in another state or territory of the United States."

From:

https://www.maine.gov/pfr/professionallicensing/professions/accountancy/licensing/public-accountant-and-certified-public-accountant

unless I am reading that wrong, I think it will work!

[ss20ts]

You have to think about who is going to hire you with this plan. Why would a CPA in Texas spend their time and money on an employee who has no desire to be licensed in Texas? This is just a cluster waiting to happen. And what happens if Maine says because you're not a resident? Or they change their requirements? It's not like this is a 6 month process. This will take a few years.