Finance and Business Law
Chartered Financial Analyst, CERTIFIED FINANCIAL PLANNER™. Passing an exam administered by the National Association of Securities Dealers is normally a prerequisite for being licensed by the state. Before a broker-dealer or investment adviser can work with investors, they must pass the Series 6, 7 and 66 (or 63 and 65) exams.
Under Wisconsin state law, any individual who practices public accounting, including auditing financial accounting records and preparing of accounting reports which are made public, must be licensed as a Certified Public Accountant (CPA). In Wisconsin, to sit for the exam the candidate must have 120 semester hours of education and an accounting concentration.
The CPA exam has four sections:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Wisconsin also has a three-year practice requirement which must be met before a certificate is granted. This experience must include 1 1/2 years at a level where an individual is responsible for independent decisions. To be licensed in the State of Wisconsin, 150 semester credits are also required.