| Topic Name: |
The 150-Hour Education Requirement |
| Message Name: |
Well follow the chain |
| Date Posted: |
11/18/2003 |
| In Reply To: |
This does nothing to reduce the supply of CPAs. Nor was it meant to. The exam fulfills this function, and it is unaffected by the 150-hour requirement. The 150-hour requirement is there solely to force people like you to pay graduate tuition to your universities. So while the the supply of CPAs is unaffected, newly-minted CPAs enter the job market loaded up with student loans. So don't look to have your certificate increase in value. Look instead to your student loans. Makes you feel good, doesn't it? It sure makes the academics feel good. But they don't give a rat's ass about your student loans. In fact, their interests directly conflict with yours. The more tudent loans you have, the more $$$ their Schools of Accountancy get. You're really just a cash cow for them. |
| Message: |
Less students want to get into accounting becasue of the 5 year/graduate study requirement. Deman does not fluctuate but new CPA's entering the market drops. Therefore as a current CPA I am in more demand.
You did nt fully address my argumetn or angle.
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