What are the Five Biggest CPA Exam Costs?

CPA Exam Costs
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What are the Five Biggest CPA Exam Costs?

Passing that final exam to become a Certified Public Accountant (CPA) is a real achievement. It marks a completely new chapter in your career as you suddenly become qualified for a whole new raft of accounting and finance roles, but a question we get asked a lot is “how much do the CPA exam costs?” So, when you factor in how much the CPA exam costs and whether it is worth the expense, you need to consider it a career investment.

Yes, the CPA exam fee is not a small amount, especially if you’re self-funding. However, when you consider that you’ll earn more than your non-licensed colleagues and benefit from increased job security, the initial outlay (and ongoing costs) make sense.

So, what are the five biggest CPA exam costs and how much do you need to budget for certification? We explore each in turn before summarizing the merits of licensure.

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1) Cost of a CPA Review Course

There’s a good reason people are given an 18-month window to pass the CPA exam. The four-part assessment is notoriously rigorous for even the most accomplished accountant. With an average first-time pass rate of around 50%, it’s a good idea to factor in the cost of a CPA review course as part of your overall CPA exam cost to give yourself the best chance of success.

A good CPA review course should function as an invaluable guide for all four parts of the CPA exam. If you’re not sure what these are, they are: