To obtain CPA licensure, you must meet the three Es: Education, Experience, and Exam. Please note there are different accounting and business education requirements for examination and licensure in Guam. See the sections below for these requirements.
Education Requirements for CPA Examination
Degree: Baccalaureate degree or higher from a regionally accredited university.
Accounting Coursework: 24 semester hours in upper division accounting courses to include financial accounting, auditing, taxation, and management/cost accounting.
Business Coursework: 24 semester hours in business related subjects to include 6 semester hours in economics, 3 semester hours in finance, and 3 semester hours in business law.
Total Credit Hours: 120 semester hours
Additional Exam Information
Prior to Sitting for the Uniform CPA Exam: Must have completed the degree requirement and the accounting and business course requirements.
Education and Experience Requirements for CPA Licensure
The Bachelor of Science in Accounting (BSAC) program alone does not meet the education requirements to be licensed in Guam. The combination of the BSAC and the Master of Accounting (MAcc) program meets the education requirements for CPA examination and licensure. In addition to the requirements listed above, students must complete the following to be licensed.
Ethics Coursework: Not required
Total Credit Hours: 150 semester hours
Experience Requirements for Licensure
Minimum Work Experience: At least one-year of full-time accounting experience.
Note: Completing a WGU degree program does not guarantee employment or licensure in any profession. Requirements for licensure in accounting vary from state to state. For example, some states require a background check that may disqualify you from obtaining a license if you have committed certain actions, crimes, or misdemeanors. Students should contact WGU Business Licensure at firstname.lastname@example.org prior to contacting their State Board of Accountancy regarding education and experience requirements. The Licensure team is available to students and alumni for all accounting licensure questions and advisement. Although the Licensure team can provide initial guidance, it is ultimately the student’s responsibility to continually check with the state licensing board where you intend to seek licensure to confirm all licensing requirements.