CPE Reimbursement

This topic contains 46 replies, has 0 voices, and was last updated by  amanda.runia 2 years, 5 months ago.

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  • #178749

    Goods
    Member

    Hello All,

    Quick survey question. I am about to be licensed in WA state and am researching the annual costs to mantaining my license. My employer (private industry) will cover annual AICPA dues and along with up to $200 in CPE’s.

    Question: My understanding was that even in private industry most employers will cover the cost of CPE credits? Have you found this to be the case, especially in private industry? Any feedback would be greatly appreciated. Thank you!

    #548357

    mla1169
    Participant

    I think someone misled you about private industry. I’m sure there are exceptions but private industry usually only pays for education that is directly related to the employees job. If an employee can find a course that’s related to their job AND provides CPE, that would work. But I’ve never heard of a private employer just paying for CPE credits, or license fees, or anything else like that.

    #548376

    mla1169
    Participant

    I think someone misled you about private industry. I’m sure there are exceptions but private industry usually only pays for education that is directly related to the employees job. If an employee can find a course that’s related to their job AND provides CPE, that would work. But I’ve never heard of a private employer just paying for CPE credits, or license fees, or anything else like that.

    #548359

    BHDave10
    Member

    I work in industry and my employer pays all license fees/CPE fees for their CPAs and “in-house” lawyers.

    #548378

    BHDave10
    Member

    I work in industry and my employer pays all license fees/CPE fees for their CPAs and “in-house” lawyers.

    #548361

    Lilla
    Participant

    My boss (small public accounting firm – he’s the owner, I’m the employee, we’re the only ones there) is not a CPA, but did get the RTRP designation…and he paid for my RTRP exam ($100) and CPE for RTRP. However, he is not paying anything relative to my CPA fees – exam, AICPA, CPE, nothing. So I don’t know what’s normal, but there’s my story…

    #548380

    Lilla
    Participant

    My boss (small public accounting firm – he’s the owner, I’m the employee, we’re the only ones there) is not a CPA, but did get the RTRP designation…and he paid for my RTRP exam ($100) and CPE for RTRP. However, he is not paying anything relative to my CPA fees – exam, AICPA, CPE, nothing. So I don’t know what’s normal, but there’s my story…

    #548363

    StephAV
    Member

    I work for an NPO, they are currently paying for me to get my license review course and all… Actually they didn’t even tell me if I don’t pass the first time if they’ll still pay? Maybe they are just hoping I’ll be too ashamed to request reimbursement if that happens.

    My boss is a CPA and they pay for the license fees and cpe. I know my old boss used to go to a NPO conference cpe once a year.

    #548382

    StephAV
    Member

    I work for an NPO, they are currently paying for me to get my license review course and all… Actually they didn’t even tell me if I don’t pass the first time if they’ll still pay? Maybe they are just hoping I’ll be too ashamed to request reimbursement if that happens.

    My boss is a CPA and they pay for the license fees and cpe. I know my old boss used to go to a NPO conference cpe once a year.

    #548366

    MintsRGood
    Participant

    I work in public accounting at a small firm and the company will pay for all of your CPE, however your license fees are your responsibility.

    #548384

    MintsRGood
    Participant

    I work in public accounting at a small firm and the company will pay for all of your CPE, however your license fees are your responsibility.

    #548368

    Dale
    Participant

    I get my license costs, state board membership dues, and CPE fees reimbursed by the company I work for. I’ve known and worked for more companies that do cover those fees than those that don’t.

    #548386

    Dale
    Participant

    I get my license costs, state board membership dues, and CPE fees reimbursed by the company I work for. I’ve known and worked for more companies that do cover those fees than those that don’t.

    #548370

    Goods
    Member

    Thank you for the feedback!

    #548388

    Goods
    Member

    Thank you for the feedback!

    #548372

    Dietcpa
    Member

    It has been a interesting ride.

    I did not get my CPA/CGMA for EGO. They pay or I move on. I normally negotiate that when I am hired. They can always choose not to pay and I can choose a better offer. If they don’t pay it is like a slap in the face. An insult – period. Realize that if you did not have a CPA they would not have hired you and they now would love for your to let it lapse so you stay with your current company forever. Meanwhile, just look at the expense reports of execs eating out on the company dollar.

    One must ask, is keeping up with current changes in FASB worth anything to the company? Or, are you a greater asset being outdated and uniformed?

    #548390

    Dietcpa
    Member

    It has been a interesting ride.

    I did not get my CPA/CGMA for EGO. They pay or I move on. I normally negotiate that when I am hired. They can always choose not to pay and I can choose a better offer. If they don’t pay it is like a slap in the face. An insult – period. Realize that if you did not have a CPA they would not have hired you and they now would love for your to let it lapse so you stay with your current company forever. Meanwhile, just look at the expense reports of execs eating out on the company dollar.

    One must ask, is keeping up with current changes in FASB worth anything to the company? Or, are you a greater asset being outdated and uniformed?

    #548374

    yourmomsaCPA
    Member

    In this industry, it’s going to be a LONG road if you justify any expectations on exec expense reports.

    #548392

    yourmomsaCPA
    Member

    In this industry, it’s going to be a LONG road if you justify any expectations on exec expense reports.

    #548375

    Dietcpa
    Member

    Well

    I am the only CPA at my company. Seeing a lot of that in Industry. Controller CPA – no. CFO? No he lost his. Assistant Controller – no same story lost as well.

    I work on Advanced Excel, Advanced Access, VBA. Do what no one can and have options. But than I have been a CPA 24 years.

    I would suggest if your company does not cover CPA related expenses talk to the recruiters. Other company’s are willing.

    It is a bit much to say CPA Preferred or somehow have it as a requirement for the job and then the company gets amnesia. If they don’t reward or value you then I guess you don’t value yourself.

    When I got my CPA I was given a 5K raise on the spot. I don’t work for free. And I did not pass the CPA for personal satisfaction. If a company does not value it then I have no problem interviewing with one that does. When I leave I lay it on the table. I would not have gotten this job without it, and now you don’t support it? My continued education benefits the company not my personal life.

    Harsh, but reality. As spoken as a past CPA chapter President.

    #548394

    Dietcpa
    Member

    Well

    I am the only CPA at my company. Seeing a lot of that in Industry. Controller CPA – no. CFO? No he lost his. Assistant Controller – no same story lost as well.

    I work on Advanced Excel, Advanced Access, VBA. Do what no one can and have options. But than I have been a CPA 24 years.

    I would suggest if your company does not cover CPA related expenses talk to the recruiters. Other company’s are willing.

    It is a bit much to say CPA Preferred or somehow have it as a requirement for the job and then the company gets amnesia. If they don’t reward or value you then I guess you don’t value yourself.

    When I got my CPA I was given a 5K raise on the spot. I don’t work for free. And I did not pass the CPA for personal satisfaction. If a company does not value it then I have no problem interviewing with one that does. When I leave I lay it on the table. I would not have gotten this job without it, and now you don’t support it? My continued education benefits the company not my personal life.

    Harsh, but reality. As spoken as a past CPA chapter President.

    #548377

    Dietcpa
    Member

    There are many things you can negotiate before you accept a position.

    Three weeks vacation

    All CPA expenses such State Society and AICPA Dues.

    CPE

    And an amount for CPE say 3K per year?

    And time off not vacation if you are in a seminar.

    PERIOD

    Do it. Don’t assume. But then I have done this for 24 years.

    #548396

    Dietcpa
    Member

    There are many things you can negotiate before you accept a position.

    Three weeks vacation

    All CPA expenses such State Society and AICPA Dues.

    CPE

    And an amount for CPE say 3K per year?

    And time off not vacation if you are in a seminar.

    PERIOD

    Do it. Don’t assume. But then I have done this for 24 years.

    #548379

    Study Monk
    Member

    It might be easier in the future to try to negotiate an extra $500 to your starting salary. I would feel kind of petty complaining about a few hundred dollars,assuming I’m a well paid CPA, in private industry. In public accounting they get to jack up the fee they charge the client for your CPA license, so that is another story.

    #548398

    Study Monk
    Member

    It might be easier in the future to try to negotiate an extra $500 to your starting salary. I would feel kind of petty complaining about a few hundred dollars,assuming I’m a well paid CPA, in private industry. In public accounting they get to jack up the fee they charge the client for your CPA license, so that is another story.

    #548381

    Micky
    Member

    Dietcpa- I wish I had your attitude! I like it! If I did, I probably would have been in a better position, but I’m such a chicken when it comes to negotiating with my employer. All I could do was ask them for reimbursement.

    But, this is a very interesting thread. I always thought that it is standard for employer’s to pay for your CPE, license, etc… I knew there were exceptions, but thought it would be far and few in-between. Looking at this thread, it appears I was mistaken.

    I worked for a small local public accounting firm right out of college and if I would have stayed there, I knew that my boss would have been more than happy to pay for everything. Probably not the review course.

    Approximately 4 years later, now working as a Controller in a private industry, my employer gave me an unspoken condition before hiring me that I will need to get my CPA. It was implied during my interviews. After getting my license, I spoke to my bosses and asked for a reimbursement of all my cost, including my full review course, exam cost, license cost, and all future CPE that I will need to do to maintain my license and they were again more than happy to reimburse me for it.

    #548400

    Micky
    Member

    Dietcpa- I wish I had your attitude! I like it! If I did, I probably would have been in a better position, but I’m such a chicken when it comes to negotiating with my employer. All I could do was ask them for reimbursement.

    But, this is a very interesting thread. I always thought that it is standard for employer’s to pay for your CPE, license, etc… I knew there were exceptions, but thought it would be far and few in-between. Looking at this thread, it appears I was mistaken.

    I worked for a small local public accounting firm right out of college and if I would have stayed there, I knew that my boss would have been more than happy to pay for everything. Probably not the review course.

    Approximately 4 years later, now working as a Controller in a private industry, my employer gave me an unspoken condition before hiring me that I will need to get my CPA. It was implied during my interviews. After getting my license, I spoke to my bosses and asked for a reimbursement of all my cost, including my full review course, exam cost, license cost, and all future CPE that I will need to do to maintain my license and they were again more than happy to reimburse me for it.

    #548383

    CPAMommyof3
    Member

    My company pays for all license fees and CPE credits for our Controller and CFO and will pay for them for me (accounting manager/assistant controller) once I’m done.

    #548402

    CPAMommyof3
    Member

    My company pays for all license fees and CPE credits for our Controller and CFO and will pay for them for me (accounting manager/assistant controller) once I’m done.

    #548385

    oilgaslb
    Member

    My private company paid for my Becker software, because they thought the Wiley books/test bank I bought is the cause for my first fail. They do not pay for test fees. I’m terrified that if this journey doesn’t work out like I hope, that I’d have to reimburse them and/or they would let me go. I am the only employee that didn’t come to them without a CPA designation already, so this is a new journey for all of us. Here’s to hoping for only passes from now on!

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