Section 12 AAC 04.185 - Education defined for certified public accountant applicants(b) As used in AS 08.04.120, an accounting concentration consists of not less than (1) 24 semester credit hours or 36 quarter credit hours in subjects such as (A) accounting principles;(B) intermediate accounting;(H) governmental accounting; or(2) nine semester credit hours or 15 quarter credit hours of business law, economics, and (C) algebra, calculus, or mathematics.(e) As used in AS 08.04.120, "a college or university acceptable to the board" means (1) a college or university accredited by a regional accrediting association or as otherwise approved by the board; or(2) a foreign college or university whose degree program has been evaluated by an approved credentials evaluation service and determined to be equivalent to the degree program of an institution acceptable under (1) of this subsection; an approved credentials evaluation service is the National Association of State Boards of Accountancy (NASBA) International Evaluation Services (NIES).(f) For purposes of this section, when converting quarter hours to semester hours, the number of quarter hours is multiplied by 2/3 or 0.67.(g) The following may not be used to meet the accounting concentration (1) college level examination program (CLEP) courses;(2) examination preparation courses;(3) life experience credits; or(4) course similar to these described in (1) - (3) of this subsection as determined by the board.(h) No more than six semester credit hours can be earned in each subject listed in (b)(1) of this section.Eff. 1/18/78, Register 64; am 11/9/85, Register 96; am 2/2/94, Register 129; am 5/4/96, Register 138; am 1/1/2008, Register 184; am 10/16/2011, Register 200; am 12/29/2013, Register 208, January 2014; am 12/25/2015, Register 216, January 2016; am 1/4/2017, Register 221, April 2017; am 2/24/2022, Register 241, April 2022; am 4/12/2024, Register 250, July 2024Authority:AS 08.04.070
AS 08.04.120