Considering Pursuing CPA License

searcher profile

July 23, 2023

by a searcher from Brigham Young University in Boise, ID, USA

Hey everyone, I have a MAcc from a top accounting program and have been working in small business for a few years since graduation, kind of doing an entrepreneurship through apprenticeship route. It’s been great for me and I’ve really enjoyed the experience.

Even though I have a background in accounting, I’ve never really considered becoming a public accountant and still don’t. However, as I’ve been considering my future and buying a business of my own, I’m contemplating the benefits and drawbacks of having CPA next to my name, in addition to my experience in accounting/sales in small business.

Does anyone have experience with this? Pros and cons that you’ve seen, either those with their CPA certification or those without, but have a background in accounting? Do sellers see CPA and see a potential buyer differently? I could see this being a pro and a con, depending on the industry/business. Any insights would be appreciated! Thank you.

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Reply by an investor
from Wright State University in Bellefontaine, OH 43311, USA
As a CPA, I am not sure the certification would be of any help to you unless you are trying to buy a CPA firm. Even then if it is tax/CAS focused it wont truly matter but some sellers will want to see it.
Echoing Mitch. from an analysis standpoint it is amazing to have the knowledge to analyze businesses but the certification is no where as important as the knowledge.

Summary - I would skip getting the CPA if you are not looking to do attest work in an accounting firm.

Happy to chat further as well.
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Reply by a professional
from Tulane University in Portland, ME, USA
Great from a pure knowledge perspective in terms of analyzing businesses. From a credential perspective it’s viewed very highly if consulting in FDD or accounting but I echo Taylor that it would not do much for a seller. May help a tad in getting investors

Let me know if you want to chat further!
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