ELE: An Adaptable Approach to the CPA Journey
The path to becoming a Certified Public Accountant (CPA) is known for its rigor, requiring a mix of educational credentials, practical experience, and the successful completion of licensing exams. However, a new program—supported by Smith Patrick—is streamlining the process.
The Experience, Learn, and Earn (ELE) Program, developed by the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA), offers an opportunity for aspiring CPAs to gain credits and experience, making licensure more accessible.
Integrated Education and Experience
The ELE Program is designed to bridge the gap for individuals who have yet to complete the full 150-credit hour requirement for CPA licensure. Most bachelor’s degree programs typically require only 120 credit hours, leaving candidates short of the credits needed for CPA eligibility.
Through a blend of online courses and hands-on work experience, participants can earn up to 30 of these required hours while maintaining full-time employment. This integrated approach not only saves on education costs but also allows participants to apply new skills directly to their jobs.
Supporting Development Through Flexibility
Employers who participate in the ELE Program play a crucial role by offering flexibility for employees pursuing these additional credits. Smith Patrick is among the forward-thinking employers participating in this new program. By doing so, Smith Patrick provides its team members with opportunities to balance their professional commitments with academic progress, enhancing both employee satisfaction and skill levels within the company.
Broadening the CPA Pathway
Unlike traditional CPA pathways that target recent graduates, the ELE Program is open to a wide range of participants. Individuals with a bachelor’s degree, at least 120 completed credit hours, and core accounting courses required for licensure are eligible. This inclusivity extends to those considering a career change, making it a valuable stepping stone for anyone shy of the 150-credit hour mark who’s working full-time and ready to advance their career.
Benefits of the ELE Program
- Cost-Efficient Credit Acquisition: Earn up to 30 credits at a significantly reduced cost.
- Practical Application: Gain hands-on experience while advancing your education.
- Flexible Course Load: Take one or two courses per semester or more, depending on your and your employer’s preferences.
- Career Flexibility: Available to recent graduates and professionals making a career transition.
Eligibility requirements and Application Process:
- Bachelor’s degree (at least 120 hours) and the core accounting classes required for licensure at fewer than 150 credit hours.
- Full time employment
- Complete the ELE Program application by the application deadline per semester:
- Spring term: Jan. 1
- Summer term: May 1
- Fall term: Aug. 1
Courses follow a 15-week semester format in spring, summer, and fall, with some shorter terms available during the summer.
For those seeking an efficient, cost-effective way to attain CPA licensure, the ELE Program with Smith Patrick offers an invaluable opportunity to experience, learn, and earn. Find out more about the ELE Program.
A Place for Aspiring CPAs to Grow
At Smith Patrick, we understand the challenges of becoming a CPA and are here to support you on your journey. As a participating employer in the ELE Program, we work with aspiring CPAs to provide the flexibility, guidance, and resources needed to complete the 150-credit hour requirement while gaining practical experience. Whether you’re advancing your career or just starting out, we’re dedicated to helping you achieve your goals.
Our team members benefit from a collaborative environment that balances professional growth with meaningful team-building activities, such as chili cook-offs and bake-offs. We believe in fostering both individual development and a sense of camaraderie. Explore our current job openings and see how Smith Patrick can help you reach CPA licensure while being part of a supportive, dynamic workplace.
Learn more about joining our team at Smith Patrick CPAs.
More Information
If you have questions, contact us to discuss your situation.
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David Smith
David Smith helps businesses and individuals develop smart business practices for tax and accounting advantages as the president of Smith Patrick CPAs. He is involved in the cannabis industry in Missouri through MoCannTrade and other organizations, helping cannabis operators with their tax and accounting needs.
About Smith Patrick CPAs
Smith Patrick CPAs is a boutique, St. Louis-based, CPA firm dedicated to providing personal guidance on taxes, investment advice and financial service to forward-thinking businesses and financially active individuals. For over 30 years, our firm has focused on providing excellent service to business owners and high-net worth families across the country. Investment Advisory Services are offered through Wealth Management, LLC, a Registered Investment Advisor.