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CPA Exam Resources

Illinois Board of Examiners: The Board of Examiners is the state board of accountancy that evaluates and approves all candidates to sit for the exam.

Illinois CPA Society: The Illinois CPA Society is a statewide professional membership organization comprised of students, educators and CPA professionals. ICPAS provides extensive resources for students and the general public.

American Institute of Certified Public Accountants: The AICPA is the national association for all accounting practitioners and sets the standards, content and questions that are tested on the exam.

National Association of State Boards of Accountancy: NASBA is the national association which oversees the relationships between state boards of accountancy throughout the United States.

Illinois Department of Financial and Professional Regulation: The IDFPR is the state agency that oversees the certification of CPAs in Illinois. Visit Public Accounting for information on licensure.

Illinois CPA Exam Educational Requirements

All semester credit hours (SCH) stated below are at the undergraduate level. Any credits earned in excess of maximums stated count towards the 150-hour requirement.

  1. 150 Semester Credits Hours or 225 Quarter Credit Hours

  2. Baccalaureate or higher degree from a regionally accredited school

  3. Degree earned from an accredited school:

    1. Graduate degree in accounting*:
      • Accounting program must be accredited by AACSB or ACBSP
      • No requirements in Research & Analysis in Accounting, Business Communications or Business Ethics 

    2. Graduate degree in business*:
      • Business program must be accredited by AACSB or ACBSP
      • Minimum of 30 semester hours in accounting
      • At least one course each in financial accounting, auditing, taxation and management accounting
      • 2 semester hours in Research and Analysis in Accounting
      • No requirements in Business Communications or Business Ethics

    3. A bachelor's degree in any field or a graduate degree in a discipline other than accounting or business:
      • Minimum of 30 semester hours in accounting
      • At least one course in financial accounting, auditing, taxation and management accounting
      • 2 semester hours in Research and Analysis in Accounting
      • Minimum of 24 semester hours in business other than accounting
      • 2 semester hours in Business Communication
      • 3 semester hours in Business Ethics

*Graduate students who wish to take the CPA exam prior to graduation are treated as undergraduate candidates and must meet the undergraduate educational requirements listed above.

To convert semester hours to quarter hours, multiply the semester hours by 1.5. For example, 30 semester hours in accounting is equal to 45 quarter hours in accounting.

Below are DePaul classes which correspond to each of the sections of the CPA exam. This is an informal advising guide only. The Board of Examiners evaluates all candidates for exam eligibility.

Undergraduate

CPA Exam Section Courses
Financial Accounting and Reporting (FAR) ACC 101 Introduction to Accounting I
ACC 102 Introduction to Accounting II
ACC 304 Financial Reporting I
ACC 305 Financial Reporting II
ACC 306 Financial Reporting III
ACC 308 Advanced Financial Accounting
Regulation (REG) ACC 380 Tax Treatment of Individuals and Property
ACC 383 Tax Treatment of Corporations and Partnerships
ACC 370 Professional Responsibilities and Business Law 
BLW 201 Legal and Ethical Aspects in the Business Environment
Auditing and Attestation (AUD) ACC 372 Auditing I
ACC 374 Auditing II
Business Environment and Concepts (BEC) ACC 303 Managerial Accounting
ECO 105 Principles of Microeconomics
ECO 106 Principles of Macroeconomics
FIN 310 Introduction to Finance
MIS 140 Management Information Systems
Other Classes ACC 350 Information for Decision Making (Research and Analysis)
MGT 248/PHL 248 Business Ethics (Business Ethics)
MKT 376 Effective Business Communication or ORGC 201 Business and Professional Communication (Business Communication requirement)

Graduate

CPA Exam Section Courses
Financial Accounting and Reporting (FAR) ACC 500 Financial Accounting
ACC 541 Financial Accounting Theory & Practice I
ACC 543 Financial Accounting Theory & Practice II
ACC 545 Advanced Topics in Accounting Theory
Regulation (REG) ACC 548 Tax Treatment of Individuals and Property Transactions
ACC 551 Tax Treatment of Corporations and Partnerships
ACC 552 Professional Responsibilities and Business Law
Auditing and Attestation (AUD) ACC 547 Audit and Regulation of Corporate Financial Reporting
ACC 550 Advanced Topics in Auditing
Business Environment and Concepts (BEC) ACC 535 Accounting Information Systems
ACC 542 Cost and Managerial Accounting I
ECO 502 Selected Topics in Macroeconomics
FIN 455 Principles of Financial Management
MGT 504 Fundamental Operations Management
Other Classes ACC 640 Accounting Theory And Policy Formulation or ACC 557 Global Strategic Financial Analysis or ACC 558 Tax Research (Research and Analysis requirement)