Dear Taku,
Thank you for your thirteenth message. My comments follow.
Sincerely,
Prof. Sue Stiner
> Takumi Kimoto wrote:
> Dear Dr. stiner,
> Thank you for your reply.
> Homework
1.A. The population of the United States is about 285,000,000
(two hundred eighty-five million), and there are about 430,000
(four hundred thirty thousand) CPAs. What is the population of Japan and
the number of Japanese CPAs? Where did you find your answer?
> The united states is about 663 persons per one CPA.
> Japan is about 10,000 persons per one CPA.
Correct. In Japan, there is approximately 1 CPA for every 9,000
citizens. In the US, there is approximately 1 CPA for every 650
citizens. There are about 13 times more CPAs in the US as there are in
Japan.
1.B. Why are there more CPAs per capita in the US than in Japan?
> Because In addition to helping businesses, CPAs also help people.
> American citizens,
> wherever they live in the world, must file a tax return every year.
> Residents of the US may also have to file a US tax return, even if they
> are citizens of
> another country. The employers do not file the returns for their
> employees.
> Each person is responsible for filing his own tax returns.
> Many people hire a CPA to do their personal taxes.
Exactly right! You "hit the nail on the head," as we say. It is
primarily because we have a self-assessment system that we need so many
CPAs.
2. How many states require or will require the 150-hour plan?
> 48 states.
In the AICPA list of jurisdictions requiring the 150-hour plan, two
territories and one district are included. Guam and Puerto Rico are the
territories. The district is the District of Columbia.
3. How is the U.S. system of licensing CPAs different from the Japanese
system?
Japan
> the education requirement at least more than two years of college
> education
>
> the examination requirement pass a seven-day examination
>
> the experience requirement three years' experience in public
> accounting
Yes. The Japanese system of tiered tests is quite different from the US
system. The use of special schools to get the education for the
Japanese CPA is different, too. I think these schools are called senmon
gakko. Please correct me if I am wrong. In the US people with a
bachelor's degree in accounting could successfully complete the CPA
exam. Many US students take a review course, but it is just a refresher
course. They are not learning much that is new.
> I'm looking forward to hearing from you.
> Have a nice day.
> sincerely Taku.
This week we will talk about the financial information that is available
on the web for one company, Applied Materials. Applied Materials makes
the systems that allows other companies to make computer chips.
Technology developed by Applied Materials allows us to talk to each
other via our computers.
We look at several places where we can get financial information about
one company. The new lesson is at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/investor01.htm