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Until the mid-1990s, the Uniform CPA Exam was 19.5 hours in duration and was administered over two and one-half days. It consisted of four subject areas (sections) which were tested in five sittings: Auditing (3.5 hours); Business Law (3.5 hours); Accounting Theory (3.5 hours); and Accounting Practice (Part I & Part II; 4.5 hours each).
Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
More than half of public research universities charge students differential tuition based primarily on their major and their year in college, increasing normal tuition by up to 40 percent. [ 10 ] Most students or their families who pay for tuition and other education costs do not have enough savings to pay in full while they are in school. [ 11 ]
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What we found is that while the national average for tuition, other school fees, and child care increased by 2.5% between May 2021 and May 2022, college tuition and fees only increased by 2.1% ...
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[9] [10] The added benefits of a second major include the opportunity to increase student knowledge and the expectation of increased earnings and competitiveness. [6] Students cite enjoying the coursework, gaining parental approval, and finding a job after graduation as the three most important reasons for pursuing a second major. [ 8 ]
CPA: Five years of education (150 semester college credits) plus one–two years of work experience (length of work experience requirement depends on which state is granting the license) Master's degree: One–two years; Doctoral degree: Three–five years; A CPA is licensed by a state to provide auditing services to the public.