Section 400-RICR-00-00-1.4 - Education Requirement1.4.1Education RequirementA. An applicant will be deemed to have met the education requirement if, as part of the one hundred fifty (150) semester hours of education, he or she has met any one (1) of the following conditions:1. Earned a graduate degree with a concentration in accounting from a program that is accredited in accounting by an accrediting agency recognized by the Board.2. Earned a graduate degree from a program that is accredited in business by an accrediting agency recognized by the Board and completed not less than twenty-four (24) semester hours in accounting at the undergraduate level or fifteen (15) semester hours at the graduate level, or an equivalent combination thereof.3. Earned a baccalaureate degree or higher degree at an institution that is accredited by an accrediting agency recognized by the Board and completed not less than twenty-four (24) semester hours in accounting at the undergraduate or graduate level and completed not less than twenty-four (24) semester hours in business courses (other than accounting courses) at the undergraduate or graduate level.B. Under the conditions of §§1.4.1(A)(2) and (3) of this Part, the accounting component of the education requirement must include not less than six (6) semester hours in both fundamental accounting and intermediate financial accounting and reporting and not less than three (3) semester hours in each of the following: advanced financial accounting and reporting, tax accounting, and auditing.C. The business courses must include not less than three (3) semester hours in both business law and economics.D. The applicant or the educational institution from which the baccalaureate or graduate degree is earned must demonstrate to the Board's satisfaction the integration of business ethics throughout the mandated core curriculum.E. An applicant who does not meet the one hundred fifty (150) hour education requirement may sit for an examination if the applicant has, at the time of the examination: completed not less than one hundred twenty (120) semester hours of education; and met one (1) of the conditions specified in §1.4.1(A) of this Part; provided, however, that an applicant who successfully passes the examination will not be eligible to receive a certificate until the applicant completes the one hundred fifty (150) hour requirement and the experience requirement.1.4.2Curriculum RecommendationsA. In order to provide meaning to the education requirement, the Board encourages educational institutions to experiment in providing an educational experience to students to prepare them for the profession in the twenty-first (21st) century. In order to provide guidance to applicants and to educational institutions with respect to subjects which the Board determines to be important to fulfill this requirement, the Board offers the following curriculum suggestions:1. General Education: Ethics, Economics, Globalization, Computers, Communication, Mathematics and Statistics and Behavioral Sciences.2. Business Education: Economics, Quantitative Applications in Business, Legal and Social Environment of Business, Communication Skills, Business Law, Business Ethics, Marketing, Globalization, Finance, Total Quality Management, Organization, Group and Individual Behavior and Accountant's Legal Liability.3. Accounting Education: Auditing, Taxation, Financial Accounting, Professional Ethics and Responsibility, Managerial Accounting, Internships and Accounting Information Systems.400 R.I. Code R. § 400-RICR-00-00-1.4
Amended effective 8/4/2020
Amended effective 4/4/2022
Amended effective 2/19/2023