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Board Approved Accounting Curriculum
To qualify to become a candidate sit for the Uniform CPA
Examination, applicants must satisfactorily complete 120 semester hours or 180 undergraduate
quarter hours, or their equivalent. Thirty (30) semester hours or 45 quarter credit hours in Group I, which requires 27 semester or 41 quarter credit
hours must be in accounting and related subjects, and 3 semester credit hours or 4.5 quarter credit hours must be in ethics. An applicant must have
received baccalaureate or higher degree that meets the following requirement: a major in accounting on the baccalaureate level, or its substantial
equivalent from an institution that is a member of the American Assembly of Collegiate Schools of Business; the Association of Collegiate Business
Schools and Programs; is accredited by or is a constituent of an institution accredited by the Middle States Association of Colleges and Schools;
or the equivalent regional accrediting association for other regional areas; or is recognized and approved by the Board.
Further, to qualify to obtain a license as a certified public accountant, an applicant must have completed a total of 150 semester credit hours or
225 quarter credit hours of education and complete the requirements of Group II Business-related education as described below.
Chart
of Subject Matter (Word)
Candidates with Accounting Degrees from Other Countries
The academic credentials of applicants who have earned
degrees from foreign colleges or universities must be evaluated
to determine whether the foreign educational preparation
fulfills Maryland's education requirements. The NASBA
International Evaluation Service (NIES) is the only acceptable evaluation service for foreign transcripts. There
are no exceptions. Please don't use another service and expect the Board to accept their evaluation of your credentials.
Any other evaluation will be denied. Applicants must request a course-by-course evaluation to be done for the purpose
of taking the Uniform CPA exam in Maryland.
Educational Requirements to Qualify for the Uniform CPA Exam
(Effective Date October 1, 2011)
General Requirements
To take the Uniform CPA Examination, an applicant shall satisfactorily
complete 120 undergraduate semester hours or 180 undergraduate
quarter hours, including the attainment of a baccalaureate
or higher degree from an accredited institution of higher
education as specified in the Maryland Public Accountancy Act.
Accounting and Ethics Courses Requirements
GROUP I - Accounting and Ethics Education
An applicant must have successfully completed 30 undergraduate
semester hours or 45undergraduate quarter hours in accounting
and ethics subject matter. Applicants must have completed
the following: one 3-semester credit hour course or a 4-quarter
hour course each in; auditing, cost accounting or managerial
accounting, U.S. Federal Income Tax and ethics; a minimum
of9 semester or 12 quarter hour credits in financial accounting;
and a minimum of 9 semester or 17 quarter hour credits elective
accounting courses.
Course Subject: AUDITING
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter hours)
Topics Generally Covered
Engagement planning
Evaluating prospective clients
Accepting or declining engagement
Agreements with clients
Internal control in manual and computerized environments
Documentation
Reviewing and evaluating engagement to reach conclusions
Preparing reports and other communications to satisfy engagement objectives
Typical Course Titles
Auditing
Auditing & Attestation
Auditing and Assurance Services
Other similar titles
Course Subject: MANAGERIAL COST ACCOUNTING
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Cost-volume-profit analysis
Decision making using accounting information
Cost accounting
Budgeting (for operations)
Capital budgeting
Forecasting tools
Performance measurement
Strategic management using accounting tools
Typical Course Titles
Managerial Cost Accounting
Management Accounting
Cost Accounting
Accounting for Managers
Other similar titles
Course Subject: U.S. FEDERAL INCOME TAX
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Federal tax procedures and accounting issues
Federal taxation of property transactions
Federal taxation of individuals
Federal taxation of partnerships
Federal taxation of estates and trusts
Federal taxation rules for charitable and not-for-profit entities
Typical Course Titles
U.S. Federal Income Tax
Taxation I or II
Individual Income Taxes
Taxation of Corporations
Entity Taxation
Taxation of Partnerships
Taxation of Estates and Trusts
Law of Tax-Exempt Organizations
Other similar titles
Course Subject: FINANCIAL ACCOUNTING
(At least 9 undergraduate semester hours or
13.5 undergraduate quarter
hours)
Topics Generally Covered
Concepts and standards for financial statements
Recognition, measurement and valuation, and presentation
of financial statements in conformity with GAAP
Specific types of transactions and events in conformity with GAAP
Accounting and reporting for government entities
Accounting and reporting for not-for-profit entities
Typical Course Titles
Fundamentals of Accounting
Intermediate Accounting
Advanced Accounting
Accounting for Not-for-Profit Entities
Governmental Accounting
Financial Accounting (I, II, III, IV)
Other similar titles
Course Subject: OTHER ACCOUNTING COURSES
(At least 9 undergraduate semester hours or
13.5 undergraduate quarter
hours)
Topics Generally Covered
Any accounting course can be used, including subject above
that is not a duplicative course to a course used to fulfill
the requirement for an auditing, managerial cost accounting,
U.S. Federal Income Tax, or financial accounting course.
Course Subject: ETHICS EDUCATION
Caution: The Board will deny your application
if the course you submit for this Group I requirement is
not devoted entirely to the study of ethics. The Board will
not accept courses that combine the study of ethics with
other substantive disciplines or studies (e.g., a course
titled "Legal and Ethical Environment of Business" will
not be acceptable). For further information on the Board's
ethics requirement, please see our discussion in the Fall
2009 issue of
The Account Balance.
An applicant must have 3 undergraduate semester hours or 4 undergraduate
quarter hours in one of the following subject areas:
Course Subject: BUSINESS ETHICS
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Values
Character
Ethics
Social responsibility of business professionals
Business leadership
Stewardship of business assets
Consumer relationships
Employee relationships
Whistle blowing
Advertising
Corporate social responsibility
Typical Course Titles
Business Ethics
Business in Society
Ethics
Social Responsibility
Corporate Social Responsibility
Professional Responsibility
Ethics and Professional Responsibility
Other similar titles
Course Subject: ACCOUNTING ETHICS
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Code of professional conduct
Proficiency
Independence and due care
Ethics and responsibilities in tax practice
Licensing and disciplinary systems
Legal responsibilities and liabilities
Privileged communications
Confidentiality
Typical Course Titles
Accountant’s Professional Responsibilities
Professional and Legal Responsibilities
Ethics for Accountants
Other similar titles
Course Subject: PHILOSOPHY OF ETHICS
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Nature of the moral good
Structures of moral agency
Proper criteria for making choices
Typical Course Titles
Ethics
Moral Philosophy
Moral Theology
Philosophy of Ethics
Other similar titles
Other Ethics Courses
(At least 3 undergraduate semester hours or
4.5 undergraduate
quarter hours)
Courses must be substantially devoted to examining a framework for modern ethical decision making.
Typical Course Titles
To be evaluated on a case-by-case basis by the Board
GROUP II - Business-Related Education
Courses from the following list of subjects must be completed to meet thee business related educational requirements for qualify
to obtain a license. At least 21 undergraduate semester hours or 31.5 quarter credit hours must be completed from among at least
in five of nine subject areas. These subject areas are: statistics, economics, corporation or business finance, management,
marketing, U.S. business law, business communication, quantitative methods, and computer science/information systems.
Course Subject: STATISTICS
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Typical Course Titles
Statistics
Management Science
Quantitative Analysis
Other similar titles
Topics Generally Covered
Analysis and interpretation of data
Descriptive statistics
Probability methods
Probability distributions
Interval estimations
Hypothesis testing
Nonparametric methods
Regression analysis
Linear programming
Queuing theory
Network models and simulations
Course Subject: CORPORATION OR BUSINESS FINANCE
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Typical Course Titles
Corporate Finance I or II
International Finance
Financial Management
Business Finance
Financial Statement Analysis
Strategy-Specific Decision Making
Topics Generally Covered
Time value of money
Financial statement analysis
Risk and expected return
Security valuation
Cost of capital
Capital budgeting
Dividend policy
Working capital management
International finance
Cash management
Investment banking
Course Subject: MANAGEMENT
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Processes of Management
Human resources
Organizational behavior
Planning and organizing a business
Decision making
Leadership
Typical Course Titles
Management
Principles of Management
Business Management and Organization
Organizational Behavior
Other similar titles
Course Subject: U.S. BUSINESS LAW
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Agency
Contracts
Debtor-creditor relationships
Government regulation of business
Uniform commercial code (sales, commercial paper, secured transactions, etc.)
Real property
Intellectual property
Business entity structure
Typical Course Titles
Business Law I or II
Commercial Law
The Legal Environment of Business
Contemporary Business Law
Other similar titles
Course Subject: MARKETING
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Topics Generally Covered
Decision-making concerning markets
Products
Prices
Channels
Promotion
Advertising
Marketing strategy
Typical Course Titles
Principles of Marketing
Marketing
International Marketing
Marketing Research
Other similar titles
Course Subject: ECONOMICS
(At least 3 undergraduate semester hours or
4.5 undergraduate quarter
hours)
Typical Course Titles
Economics I or II
Microeconomics
Macroeconomics
Foundations of Economics
Money and Banking
Economic Theory
Managerial Economics
Other similar titles
Topics Generally Covered
Business cycles
Economic measures
Reasons for cycles and changes in economy
Market influences on business strategies
Supply chain and customer management strategies
Implications to business of dealing in foreign currencies
Hedging and exchange rate fluctuations
Course Subject:
BUSINESS COMMUNICATION
(At
least 3 undergraduate semester hours or 4.5 undergraduate quarter
hours)
Topics Generally
Covered
Forms
and techniques frequently encountered in business communications
Business letters
Business memos
Research for business
Letters of application and resumes
Emails and other forms of electronic business communication
Oral briefings
Oral research reports
Typical
Course Titles
(English as a Second Language courses
will not be accepted as Business Communication courses)
Business
Communications
Professional Communications
Business and Professional Speaking and Presentations
Other similar titles
Course Subject: QUANTITATIVE METHODS
(At least 3 undergraduate semester hours or
4.5 undergraduate
quarter hours)
Topics Generally Covered
Analysis and interpretation of data
Forecasting
Probability concepts
Decision theory
Linear programming
Hypothesis testing
Queuing theory
Network models and simulations
Markov analysis
Typical Course Titles
Quantitative Methods
Management Science
Quantitative Analysis
Other similar titles
Course Subject: COMPUTER INFORMATION/SYSTEMS
(At least 3 undergraduate semester hours or
4.5 undergraduate
quarter hours)
Topics Generally Covered
Discrete mathematics
Operating environments
Database
E-commerce
Systems analysis and design
Applications (integrated and stand-alone)
Hardware and software
Networks
Data validation
Batch processing
Real-time processing
Modification controls
Disaster recovery
Typical Course Titles
Information Systems
Information Technology
Accounting Information Systems
Business Information Systems
Other similar titles
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