The School of Accounting offers an accelerated directed-study course (ACC 551) - The CPA Fast Track - that allows students to prepare for and sit for the CPA examination throughout the summer. When successful, students pass all four sections of the examination by mid-August. Below you will find some frequently asked questions:
What is the CPA Fast Track?
The CPA Fast
Track at CMU is an extended summer course (ACC 551) that enables students
pursuing their CPA license to study, and sit, for four sections of the CPA exam
in one summer – all while earning three credit hours for doing so.
How does it work?
out an application in Grawn 312 (CPA Prep Application Summer 2016) to enroll in ACC 551 for the summer 1 session.
The class meets most weekdays from 9:00am to 1:00pm for video lectures, and after a break for lunch, students utilize IBIE breakout rooms to work in small groups for the rest of the day to complete exercises related to concepts covered in the day's videos. The class officially meets from 5/8 /2017 to 6/30/2017 and covers AUD and FAR. After the first summer session ends, we will still provide the structure and facilities for the course (on an informal, voluntary basis) throughout July and August to finish BEC and REG. While intense, students can study, and sit, for all sections of the exam by mid-August.
Who can enroll in the course?
To enroll in ACC
551, students need to be eligible to sit for the CPA exam at the end of May.
In order to sit for the exam in May, students must have completed the
requirements for a bachelor degree in accounting. Any student that expects to
graduate in May (or who has already fulfilled all the requirements of the BSBA degree
by May) can enroll in the class.
Do I need 150 hours to apply for the exam?
No, you will
need 150 hours to apply for your license, but not to apply to sit for the exam.
Why enroll in the class? Can't I just self study?
First, passing the CPA exam prior to starting
your career in public accounting will be an invaluable differentiator, and
allow you to focus on your job responsibilities during the day, and relax at
night. Second, self-studying is always an option, but accomplishing an accelerated
exam timeline takes persistence. Enrolling in ACC 551 gives you access to a
cohort of students, all with the same goal in mind - passing the exam. The
class will help create a “culture of passing.” Third, the course will have a
professor in charge of helping you along the way, encouraging you when you are
discouraged, and challenging you when you fall behind. Fourth, if you need 150
hours, this is an excellent step in the right direction.
Can I take the Fast Track as part of my accelerated MBA?
Yes! If you have
not registered for ACC 551 as an undergraduate, you can wait to take ACC 551
as part of your MBA elective course upon the completion of your undergraduate
How much are the Becker materials? Are they required?
are required, and will be the only materials allowed in the class. Some firms
will pay for your Becker materials if you have accepted a job with them (check
with your firm before ordering any materials). If not, financing and
scholarship opportunities are available. Please see www.Becker.com/CPA for more
How much are the testing fees?
examination fees are estimated to be approximately $870.20, plus an application fee of $147.
Why can't I take some exams right after studying for them?
are administered in two months on, one month off windows. June is a “closed” month.
What is the 2016 CPA Fast Track timeline for registering for the class and exams?
For more information, please stop by the School of Accounting Office in Grawn 312,