Accounting professionals need to continue engaging with CPE to stay relevant, informed, and competitive due to the dynamics and horizons of their professional industry. Though CPE is made compulsory for professionals to maintain their licenses, this is not limited to CPE requirements only.
Hence, the industry is full of CPE myths that demonize, narrow down its versatility, and underestimate its true power.
Armed with the truth, let's debunk five common CPE myths and make informed decisions that advance your career.
CPE is only for CPAs?
Wrong!
CPAs are considered the face of the accounting profession and regulations. There are CPA CPE myths, such as the idea that CPE is only for CPAs, but it is not. CPE is not exclusive to them.
Professionals in Accounting, Audit, Bookkeeping, Payroll, HR, and beyond also require Continuing professional education. Engaging in CPE is significant for agile learning and professional growth. It signifies your dedication, commitment, and Credibility.
CPE is expensive
There is no myth. It's true that CPE may be heavy on your pocket. Some platforms provide CPE courses at unreasonable prices, creating a scenario of scarcity to keep the CPE cost high.
But there are other platforms that offer high-quality content from the same expert instructors, that too at a negligible amount.
CPE is time-consuming
There is a CPE myths, that it is a time-consuming process. It is an outdated concept when it use to be an in-person seminar or conference. Gone are those days! Now, with the evolving online learning modes, learning can seamlessly fit into your busiest schedules.
The CPE requirement myth is not false. It is indeed time-consuming. You need to complete 20-40 hours of classes annually, to meet your CPE requirement. If you, as a CPA, EA, or any professional, are spending some amount of your time on completing CPE, then it is a real investment that will yield a fruitful return.
CPE is Boring
Let's be blunt and honest: not all courses are riveting. Today, with multiple modes of learning, diverse subject areas, and highly engineered content, learning has become gamified and interesting.
Interested in forensics? Or blockchain implementation in technology or AI implementation in accounting automation? Tailored courses of interest are available for you.
There is no need for CPE
This myth is perhaps the most damaging: the belief that you've "arrived" professionally and no longer require continuing education. Regulations and evolving technologies constantly shift and upgrade.
CPE isn't just about meeting requirements but staying competitive, adaptable, and prepared for future adventures. Whether you're a seasoned professional or just starting out, continuous learning is your ticket to long-term success.
Conclusion
CPE is neither exclusive, expensive, time-consuming, nor dull. Most importantly, it's not optional for those who want to remain at the top of their game.
Continuing education is an investment in your future improved version of you. So, Explore courses that interest you, align with your career goals, and fit your schedule. The right CPE course could be the game changer, your key to unlocking your next big opportunity.
FAQs
Is CPE expensive?
While some CPE platforms can be pricey, there are many affordable options that offer high-quality content from expert instructors, making it possible to complete your CPE requirements without breaking the bank.
Is CPE time-consuming?
CPE doesn't have to be time-consuming. With online learning platforms, you can complete your CPE courses at your own pace, fitting them into your busy schedule.
Is CPE really necessary for professionals?
Yes, CPE is essential for staying competitive and adaptable in the ever-evolving accounting and finance industry. Continuing education helps professionals remain up-to-date with the latest regulations, technologies, and industry trends.