What is Accounting?
Accounting is a tool used by business owners to make informed decisions. Accountants help to manage the finances of a company, including taxation, profits, costs, and assets. Without accurate information, business owners and managers would not know which products or services to offer or how much money they should invest.
Wyoming has fairly standard requirements for becoming a CPA, with an involved state organization and licensing board helping CPAs and prospective CPAs all over the state deliver the best services to Wyoming residents.
To become a Certified Public Accountant CPA, you need to obtain a bachelor's degree with 150 credit hours and complete the experience requirements. After you complete your education, you will need to take the CPA exam to become a certified public accountant CPA. When you pass the CPA Exam in your state, you will become a certified public accountant. Becoming a CPA is challenging but rewarding. Here’s a guide to what can expect in the process of becoming a licensed CPA in Wyoming.
Accounting Education in Wyoming
- Choose an accredited institution
The Wyoming State Board of Accountancy of Certified Public Accountancy accepts accounting degrees from colleges and universities that are accredited by select organizations.
Make sure the institute you’re enrolled in, or plan to attend, is accredited by one of the following accrediting associations:
- New England Association of Schools and Colleges
- Middle States Association of Colleges and Secondary Schools
- Higher Learning Commission (formerly known as North Central Association of Colleges and Secondary Schools)
- Northwest Commission on Colleges and Universities
- Southern Association of Colleges and Schools
- Western Association of Schools and Colleges
- Association to Advance Collegiate Schools of Business
- Take the right accounting and business courses
Certified Public Account CPA candidates must earn a bachelor's degree or higher degree for becoming a CPA (You can start with an (AA) Associate's In Accounting).
To qualify, you will need to complete the following educational requirements:
A minimum of 24 credit hours in accounting courses that are required for becoming a CPA.
The credits should cover some or all of these subjects:
- Financial Accounting and Reporting for Business Organizations
- Financial Accounting and Reporting for Government and Not-for-Profit Entities
- Auditing and Attestation Services
- Managerial or Cost Accounting
- Fraud Examination
- Internal Controls and Risk Assessment
- Financial Statement Analysis
- Accounting or Tax Research and Analysis
- Accounting Information Systems
- Other areas found in the Uniform CPA Exam Content Specification Outline
- Other subjects as identified by the Board
A minimum of 24 credit hours of undergraduate or graduate-level business courses are required for becoming a CPA.
The credit hours should cover some or all of these subjects:
- Business Law
- Business Communications
- Quantitative Methods
- Technical Writing
- Information Systems or Technology
- Other subjects as identified by the Board
Keep in mind that a maximum of six credit hours can be from internship work. Additionally, credit hours earned through life experience will not qualify towards your course requirements.
It’s also important to note that credit hours will not be given for duplicate or CLEP courses. Additionally, some law school courses may not be credited if the Florida State Board of Accountancy finds them substantially equivalent to previously taken accounting courses.
Associate Degree in Accounting (AA)
An associate degree in accounting lays the groundwork for someone who might be interested in an accounting career. An associate degree usually takes around two years to complete and trains a person to perform accounting clerk duties or to work as a bookkeeper. You can move up into higher-level positions with enough experience, but it would be easier to return to school and obtain a bachelor’s degree.
Bachelor's Degree in Accounting (BAcc)
A bachelor’s degree program in accounting prepares a person to take on the tasks of an accountant, as well preparing them with enough educational experience to take the CPA exam. This degree will allow you to become a CPA. You must complete at least 150 credit hours in college and have your Bachelor's or graduate-level degree to become a CPA. Bachelor’s degrees take four years to complete and are necessary if you plan to move on and earn a master’s.
Master's Degree in Accounting (MAcc)
Master’s degrees take from two to four years to complete, depending on the concentration and whether you attend part-time or full-time. This degree will allow also you to become a CPA Someone who wants an MS in Accounting should be prepared to write a thesis and/or take a comprehensive exam at the end of their schooling.
PhD Degree in Accounting (PhD)
Doctorate degrees are pursued by those who strive to be experts in their field. The terminal degree can take from three to six years to complete and often require a dissertation as well as a dissertation defense.
Online Degree in Accounting
Students can study all levels of an accounting degree online from schools that specialize in online learning as well as traditional colleges and universities. Some schools offer accelerated programs while others mirror their traditional degree programs.
How to Sit for the Wyoming CPA Exam
- Verify you meet the requirements
In order to qualify to take the Uniform CPA Exam in Wyoming, you must meet the following requirements:
- Be at least 18 years old
- Have a Wyoming driver’s license or a current and valid Wyoming street address (P.O. Box addresses are not acceptable)
- Be currently employed in Wyoming, have a documented and accepted offer of employment with a CPA firm in Wyoming that will begin no more than six months from the application date, or be a current student at a Wyoming community college or the University of Wyoming
- Have an official transcript confirming the completion of at least a baccalaureate degree (including a minimum of 24 credit hours of various accounting courses)
- Apply to take the CPA Exam
Once you’ve met all of the requirements, you can apply to take the CPA Exam by downloading the CPA Exam Application.
This form must be sent to the following address:
State of Wyoming State Board of Certified Public Accountants
325 West 18th Street, Ste 4
Cheyenne, WY 82002
For assistance with the application, view the Exam Candidate Information & Application Instructions and Examination Fees document.
A complete application will include:
- Copy of government issued photo identification you’ll take to the testing center
- Contact preference (United States mail or email)
- Electronic communications will be processed quicker
- If unspecified, you will receive your Authorization to Test (ATT), Notice to Schedule (NTS), and CPA exam scores via the United States mail system
- Official transcript forwarded to the Wyoming Board of Certified Public Accountancy
- Exam sections you’re applying for
- Request for Accommodation of Disabilities form, if applicable
- Professional Evaluation and Documentation of Disability form, if applicable
- Mailing list preference
- If unspecified, expect to receive correspondence from Certified Public Account CPA review course providers and Continuing Professional Education (CPE) providers
- Release of personal information preference
- If unspecified, your personal information will be added to the National Association of State Boards of Accountancy database
- Those who deny release will be assessed a charge of $67.50
- Application fee of $110 ($50 for repeat applicants)
- Personal, business, and cashiers checks should be made payable to the Wyoming State Board of CPAs and mailed with the other application materials
- Credit card payments can be made online, but the completed application other application materials must be scanned and emailed on the same day
It can take between five and seven days for your application to be processed.
- Pay your examination fees
Once your application is approved, you and the NASBA will receive an ATT and they will send you a Payment Coupon. The payment due will vary based on the number of sections you applied for, but will include all NASBA, AICPA, and Prometric fees. You’ll also receive instructions on how to pay the fees.
- Schedule your Uniform CPA Exam date
Once your CPA exam fees have been paid, you’ll receive your NTS. You will need to schedule a time to sit for the CPA Exam. Wyoming candidates are required to take all designated sections within six months, at which time the NTS will expire. All scheduling information will be included on your NTS.
- Wait for your examination results
Once you pass the CPA Exam, your responses will be sent to and scored by the AICPA. You’ll receive your scores via your preferred contact method.
Continuing Professional Education (CPE) Requirements
Know and complete your CPE requirements
In order to maintain your Certified Public Account certificate in Wyoming, you need to meet the Board’s CPE requirements. These vary per year and details can be found online. Annually, the state board determines an audit sample size and selects CPAs at random. Keep careful documentation, as you will need to show compliance if chosen.
Become an Accountant in Wyoming
To qualify to take the CPA Exam in Wyoming, you are required to demonstrate a year (at least 2,000 working hours) of professional experience to be verified by an active CPA.
Wyoming CPAs are also required to complete an ethics exam and course, and complete an Ethics and Experience Form, have the form verified by your supervising Certified Public Account and sent to Wyoming State Board of CPAs, 2020 Carey Suite 702, Cheyenne, WY 82002.
If for some reason your work experience is not verifiable by a Wyoming Certified Public Account, then you can use equivalent experience such as financial statement preparation, expense account analysis, payroll management, budgeting and more. You will need to fill out the Equivalent Experience Affidavit. If your experience was gained through teaching, then you must fill out the Teaching Experience Affidavit.
Getting Your CPA License in Wyoming
You can apply for your initial CPA certificate online or by downloading the application and sending it to:
State of Wyoming State Board of Certified Public Accountants
325 West 18th Street, Ste 4
Cheyenne, WY 82002
Required application materials include:
- Completed Original Certificate Application
- Completed Verification of Lawful Presence form
- Confirmation of a passing score on the eight credit Professional Ethics: AICPA’s Comprehensive Course, which can be purchased online or by calling 1-888-777-7077
- Completed Employer Affirmation form to confirm one year of professional work experience
- Completed Equivalent Experience Affidavit or Teaching Experience Affidavit if applying based on equivalent experience
- Completed Authorization for Interstate Exchange of Information form if applying based on passing the exam in another state
- Fee of $250 (including Certificate Wall Document and Active Status charges) to be paid via Visa or MasterCard
Careers for Accounting Graduates
- Accounting Instructor
Students need to learn about accounting from people who are knowledgeable in the field. Accountants can teach on several different platforms depending on their education level. Those with bachelor’s and master’s degrees can teach at community and technical colleges as well as some colleges and universities, but if an accountant wants to become tenured, a master’s or doctorate degree is often required.
- Accounting Clerks
For those just entering the field of accounting, working as an accounting clerk is often the first step. Accounting clerks can work in a variety of departments, but the most common are accounts payable and accounts receivable.
- Full-charge Bookkeeper
People with associate degrees in accounting can work as bookkeepers. In this position, the bookkeeper performs most of the duties of an accountant except for generating financial statements to be filed with a federal agency.
Auditors are responsible for making sure accountants are performing their jobs correctly, as well as keeping companies accountable when filing any required financial documents. For example, an auditor might check to make sure that the accountant that is filing documents with the SEC is legally allowed to do so.
Wyoming Average Accountant Salary
Wyoming's economy is on the rise. The state anticipates 14.5 percent growth for the accounting industry in the years between 2012-2022. Accountants are sure to find lucrative positions working in the mining, manufacturing, or even entertainment industries. The state is manufacturing computer and electronics parts, but also transportation equipment. For accountants skilled in accounting for the agribusiness sector, Wyoming is also a great place to create a career. You'll see that accountants in Casper tend to earn a significant amount more than most other areas, likely due to a more vigorous business climate. Enterprising accountants are sure to create lucrative and rewarding careers in Wyoming.
|City||Annual Median Wage|
|Northwestern Wyoming nonmetropolitan area||-|
|Southwestern Wyoming nonmetropolitan area||-|
|Northeastern Wyoming nonmetropolitan area||-|
|Entry Level||Mid Career||Late Career|
- Wyoming Average Cost Estimator Salary: $68,000
- Wyoming Average Auditor Salary: -
- Wyoming Average Budget Analyst Salary: -
- Wyoming Average Credit Analyst Salary: -
- Wyoming Average Financial Analyst Salary: $72,500
- Wyoming Average Personal Financial Advisor Salary: $67,000
- Wyoming Average Financial Examiner Salary: -
- Wyoming Average Tax Examiner, Collector, or Revenue Agent Salary: $65,800
- Wyoming Average Tax Preparer Salary: -
- Wyoming Average Actuary Salary: -
- Wyoming Average Forensic Science Technician Salary: -
- Wyoming Average Payroll and Timekeeping Clerk Salary: -
Wyoming Accounting Frequently Asked Questions
Is certification required?
There are certainly positions in which certification is required. However, for most positions, you will simply need a degree and perhaps some experience. That is not to say that certification is not worthwhile. You cannot be an IRS Enrolled Agent without earning the required certification. Additionally, the certified public accountant (CPA) certification is a highly respected form of credential that will provide you even greater access to accounting positions no matter where you choose to work. Other certifications an accountant can hold include certified management accountant (CMA) certification, certified internal auditor (CIA) certification, and many more.
Are there accounting jobs available in the state?
There are definitely public accounting jobs available in Wyoming. According to Projections Central and the US Bureau of Labor and Statistics (BLS), accountants and auditors will continue to be in demand between 2018 and 2028, though demand will not be increasing much in coming years. It’s anticipated that Wyoming will have over 200 openings for accountants annually, and, considering the size of the state, this could be considered a significant number of job opportunities. Accountants with advanced degrees and certifications (CPA CIA, CMA, etc.) will have the most career success, though anyone with an accounting degree can do well.
How much can a person earn as an Accountant in Wyoming?
According to the US Bureau of Labor Statistics, accountants in Wyoming have a median annual salary of $66,360. The more education and certifications an accountant has, the higher their salary potential will be. Other things will also affect your possible income including experience, location, size of the company where you work, and more.
Are there online degree options in the state of Wyoming?
As with every other state in the US, online degree options are becoming more commonly available in Wyoming. However, Wyoming has fewer educational institutions than many other states, which means that the available online programs is fewer as well. You might have to look harder to find the programs you are looking for online here, or you might want to look outside the state if you are set on attending online.