Section 288-8-007 - Credit for Attendance or Participation007.01 One hour credit shall be given for each hour spent by a participant in actual attendance at the approved course. After the first credit hour earned, half hour increments shall count towards participation.007.02 Credit may be given for time spent by a participant in actual attendance at formal, organized in-firm educational programs which satisfy the Standards for Course Approval whether or not the firm has obtained pre-approval by the Board as a sponsor. The amount of credit to be given shall be determined by the Board.007.03 Credit may be given to a participant in completing self-study courses or other individual study programs which require advance registration and provide evidence of satisfactory completion of the course material and which satisfy the Standards for Course Approval. Course materials may be requested by the Board. The amount of credit to be given shall be determined by the Board. Not more than 50% of required hours during a licensing or reinstatement period shall be represented by such courses or programs.007.04 A permit holder serving as an instructor of an approved course shall be entitled to two hours credit for each hour spent as an instructor of an approved course. Not more than 50% of required hours during a licensing or reinstatement period shall be represented by such credits.007.05 A permit holder may obtain credit for attending a course offered by a college or university which awards degrees in accounting. The amount of credit to be given shall be determined by the Board. Not more than 50% of required hours during a licensing or reinstatement period shall be given for college credit. Each college semester credit hour shall equal 15 hours CPE credit and each college quarter hour shall equal 8 hours CPE credit.007.06 A participant may apply to the Board for a determination of the amount of credit that will be given for attendance or participation in any continuing education program which is other than an approved course or offered by other than an approved sponsor.288 Neb. Admin. Code, ch. 8, § 007