Dear Professor Stiner,

Thank you for the message.

It's another tough week for me again. Since I am

applying for a new scholarship. I have to gather information

for reports and prepare for the interview which is required

the scholarship concil.

Thank you for the summary on cash flows. I think I

am quite clear about the difference between cash flows and

Income Statement.

I am sorry to tell you that I haven't finished doing

the homework for last week's lesson. I understand very

clearly on the tapic of the role of the CPA, and AICPA, but

I just couldn't gather enough information on Japan. Exspecially

on the question 1.A. I am sure I will get the answers ready

by next week.

These are the answers for the questions.

1.A] The population of the United States is about 280,000,000

and there are 350,000 CPAs. And the population of Japan

is 126,420,000, and the number of Japanese CPAs is 15,494.

1.B] There are more CPAs per capita in the US than in Japan

because I think the ALCPA is internationalize and it is not

easy to pass the exam is order to be a certified accounting.

Moreover everything in English and I think this is a

problem to the Japanese students.

2.] These are all together 44 states require or will require

the 150-hour plan.

3.] The U.S system of licensing CPAs is that a CPA have to meet

the 150-hour requirement meaning, 4 years of coleage and pass

the two-day examination and one to two years experince in

public accounting. Whereas The Japanese system is to be quali-

fied as a CPA a person must pass CPA examinations conducted by

the Certified Public Accounting Board,an advisory body to the

Minister of Finance. Although the CPA examinations consist of

three stages, most candidates start from the second stege.

Each examination is conducted once a year.

[First stage]---The test covers the Japanese language, mathe-

matics, English and an essay. There are no educational re-

quirements to sit for this examination. The first stage exam-

mination is waived for college/university graduates or those who

have completed at least two years of their college/university

education.

[Second stage]---At this stage the applicants are assessed for

professional knowledge required for an accountant. The examina-

tion consists of multiple-choice test and written test. This

stage examination is one of the mos difficult professional

examinations in Japan. The applicant who has passed this exam is

qualified as a Junior CPA upon registration at the JICPA.

[Third (final) stage]---The applicants are assessed for technical

competence in profesional judgement required for a CPA. The applicant,

in order to become eligible to sit for the third stage examination,

must have completed at least two-year training courses offered by the

JICPA and other qualified organizations and two-year audit training at

an accounting firm or specific training in industry. The applicant

who has passed the third stage examination is permitted to pratice as

a CPA upon registration at and joining the membership of the JICPA.