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CPA prep course + 30 hours of Accounting credit for $2,970
#6
(05-28-2024, 03:13 PM)davewill Wrote:
(05-28-2024, 02:58 PM)ss20ts Wrote: Will the credits be accepted though? I know in my state, they require RA credits on a specific list of courses and are getting even stricter in 2027. 

Why can't the credits be used at Franklin? That seems like a red flag.

The answer is money. If they accepted them towards their degrees, this would undercut their regular undergrad tuition. Whether other schools will choose to distinguish them from "real" credits is anyone's guess.

I'm sure that Miles CPA has negotiated and verified which state boards will accept the credits. Of course, it would be wise to verify acceptance by your own state.

Yeah. It's the same thing with the program they have at the University of North Alabama. They basically offer two parallel accounting curricula: one for their accounting majors, and the other for outsiders looking to get enough accounting credits to sit for the CPA exam. The CPA program credits, which they say are legit credits that will be transcripted by UNA, will not satisfy degree requirements for a degree in accounting at UNA. Basically, they don't want their CPA program (which is cheap) poaching their own students.

Unfortunately, at least one big state -- New York -- has explicitly said they won't accept UNA's CPA program credits as accounting credits, though they will accept them as general business electives. Whether we can extrapolate from that and say New York (and maybe others) won't accept these accounting credits from Franklin, either, is hard to say. It seems a big issue for New York is that all of the materials used in the UNA courses are published by CPA review courses (Wiley, maybe). They claim UNA's program is basically just an exam review course, then. Would they see this program Franklin has set up similarly, and only count these as 30 business elective credits? 

Would definitely try and get something in writing from one's state board saying the program will be accepted as accounting credits before going through it, though even then there's no guarantee. They would tell you one thing in an email, and then do another later. Would be rough to be the guinea pig for this only to find out you ended up with a bunch of business electives (or worse, nothing).
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RE: CPA prep course + 30 hours of Accounting credit for $2,970 - by inor - 05-30-2024, 10:53 PM

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