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How much will it cost to be a CPA starting from college?


I'm doing a research paper and I would like a brief description that explains the budget that I would go by during the entire training period of becoming a CPA. (from college to taking the CPA test)

That depends on how expensive your college is, but assuming you go to an average priced state school:
Tuition: $6,185 x 4= 24,740 (average cost of college from: http://www.collegeboard.com/student/pay/...
Books: $2,400 (guesstimate $300 per semester, 8 semesters in 4 years)
Room and Board: $24,000 ($500/month, 48 months in 4 years)
Food: $14,400 ($300/month for 48 months)
Misc: $4,800 ($100/month for 48 months. Clothing and other random expenses)
CPA review course: $1200 (www.exammatrix.com, this is what I'm using
Fees to state board for applications(varies by state, check your states website. I'm giving you TX because that's where I am: $180
Passport photos for state board of public accountancy ID: $15
Testing Fees: $792 (www.beckercpa.com/texas)
AICPA enrollment fee: $65

Grand Total: $72,592
Assuming you pass all 4 sections on your first attempt. If you have to retake a section your State Board Fees and Testing fees will increase.

An average CPA at a CPA firm will make about $60k annually (pre-bonus) their first years as a CPA. I think it's one of the best returns on investment you could get!

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