Section Accy 2.202 - Education required for certification A candidate applying for a certificate to practice as a certified public accountant must have earned a bachelor's or higher degree from an accredited educational institution and have satisfied one of the following for purposes of meeting the 150-hour coursework requirement under s. 442.04(5) (b) 3, Stats.:
(1) Earned a master's degree in accounting from an institution, as defined in s. 442.04(5) (a), Stats., with an accounting program or department accredited by the Association to Advance Collegiate Schools of Business.(2) Earned a bachelor's or higher degree from a business program or college of business accredited by the Association to Advance Collegiate Schools of Business, the International Assembly for Collegiate Business Education, or the Accreditation Council for Business Schools and Programs, and completed at least 24 semester hours in accounting from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas:(a) Financial accounting.(b) Cost or managerial accounting.(e) Accounting information systems.(3) Earned a bachelor's or higher degree from an accredited educational institution and completed all of the following:(a) At least 24 semester hours in accounting from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas: 2. Cost or managerial accounting.5. Accounting information systems.(b) At least 24 semester hours in business and economics courses other than accounting courses from an accredited educational institution at the undergraduate level or 15 semester hours at the graduate level, or an equivalent combination, that cover each of the following subject areas:3. Statistics or data analytics.5. Information technology. Note: The courses covering the subjects of financial accounting, cost or managerial accounting, taxation, and auditing under s. Accy 2.202(2) or (3), would generally be courses taken beyond the introduction accounting course required of every business major.
(4) Completed coursework that the board determines is reasonably equivalent to the course content and semester hours requirements specified in sub. (3) (a) and (b).Wis. Admin. Code Accounting Examining Board Accy 2.202
Adopted by, 2015 Wis. Act 217: renum. (intro.), (1) from Accy 7.035 (intro.), (2) and am., cr. (1) (a) to (f), (2) Register May 2016 No. 725, eff. 6/1/2016Amended by, EmR1618: emerg. am. (intro.), cr. (3), eff. 9-26-16; EmR1713: emerg. r. and recr., eff. 6-23-17; 2017 Wis. Act 88: r. and recr. Register December 2017 No. 744, eff. 1/1/2018Amended by, CR 17-064: r. and recr., Register March 2018 No. 747, eff. 4/1/2018Amended by, CR 20-041: r. (5) Register October 2021 No. 790, eff. 11/1/2021The courses covering the subjects of advanced financial accounting, cost or managerial accounting, taxation, and auditing under s. Accy 2.202(1), would generally be courses taken beyond the introduction level. A course would generally be considered advanced financial accounting if it covers one or more of the following topics: foreign currency transactions, partnerships, state and local governments, not-for-profit entities, consolidations, mergers and acquisitions, intercompany transactions, fraud investigations, accounting theory, and accounting research.