Nebraska CPA Exam & License Requirements

Updated on March 22, 2024
Article byWallstreetmojo Team
Reviewed byDheeraj Vaidya, CFA, FRM

Nebraska CPA Exam

Nebraska CPA (Certified Public Accountant) License is a credential issued by the Nebraska Board of Public Accountancy (NBPA) to perform public accounting services. Like other states, Nebraska also has unique CPA exam, education, and other license requirements.

Nebraska CPA Exam & License Requirements

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Nebraska is a two-tier state. It indicates that you are issued a CPA certificate immediately after passing the CPA Exam. However, you will get a CPA license only after acquiring the required work experience. 

CPA certification is proof that you have fulfilled particular educational standards and passed the CPA Exam. At the same time, a CPA license is a permit to practice the profession actively.  The U.S. jurisdiction also undertakes the international administration of the Uniform CPA Exam.

Please note that the finance sector is one of the major sources of employment in Nebraska. Being home to bigwigs like Berkshire Hathaway and TD Ameritrade and numerous community banks and financial institutions, candidates can safely invest in an accounting career in the state. Besides, the CPA certification ensures higher than average pay and lifelong job stability.

Therefore, let’s explore the Nebraska CPA exam and license requirements.

ParticularsRequirements
AgeNone
U.S. citizenshipNot required
Nebraska residencyRequired
Social Security Number (SSN)Required
CPA Exam Education150 semester hours
CPA ExamPass all sections with minimum 75 points in each
CPA License Education150 semester hours
ExperiencePublic accounting2 years
Accounting in private industry, government, or academia3 years
Ethics examPass AICPA Professional Ethics Exam

Contents

Nebraska CPA Exam Requirements

Nebraska CPA Certificate Requirements

Nebraska CPA License Requirements

Continuing Professional Education (CPE)

Nebraska Exam Information & Resources

Nebraska CPA Exam Requirements

Passing the four-part computerized examination is the first step toward Nebraska’s CPA licensure. It determines the proficiency level required by CPAs to preserve the public interest.   

The American Institute of Certified Public Accountants (AICPA), the National Association of State Board of Accountancy (NASBA), and Prometric jointly handle the overall CPA examination process. 

You must gain at least 75 points on a scale of 0-99 in each part to successfully pass the test. You have a rolling 18-month period to clear the remaining CPA exam sections starting from the date you sat for the first cleared exam sections. Note that each part is four-hour long.

CPA Exam SectionsTestlets                                  Question Types
Multiple-Choice QuestionsTask-Based SimulationsWritten Communication Tasks
Auditing & Attestation (AUD)5YesYesNo
Business Environment & Concepts (BEC)5YesYesYes
Financial Accounting & Reporting (FAR)5YesYesNo
Regulation (REG)5YesYesNo

Eligibility Requirements

General Requirement

Be a Nebraska resident, regularly employed in Nebraska, or have a place of business in Nebraska.

Education Requirement

At least a baccalaureate degree from a four-year academic institution with a minimum of 150 semester hours (225 quarter hours) of postsecondary education, including:

  • 30 semester hours (45 quarter hours) in non-introductory level accounting covering the following subjects:
    • Financial Accounting Theory
    • Cost/Managerial Accounting
    • Auditing
    • Taxation
    • Accounting Information Systems
    • Governmental/Not-for-profit Accounting
  • 30 semester hours (45 quarter hours) in general business subjects like:
    • Microeconomics
    • Macroeconomics
    • Marketing
    • Business Law
    • Finance
    • Management
    • Principles of Accounting
    • Business Ethics
Nebraska CPA Exam Eligibility Requirements

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Candidates currently enrolled in an academic institution may also apply for the CPA Exam. Here are the related deadlines.

RequirementsDeadline
Fulfill the educational requirementWithin 120 days from the examination date
Confirm baccalaureate degree conferralWithin 150 days from the examination date

The board accepts credits earned at a two-year institute only if it is transferred to a regionally authorized four-year institute and the credit is applied toward the degree. 

Submit the exam application, related fees, and documents to CPA Examination Services (CPAES). CPAES is a division of NASBA that offers examination services to the NBPA. Please visit the NASBA portal for complete information. 

Candidates may also utilize the NASBA Advisory Evaluation service to look for any academic inadequacies in their education before the final submission. 

Fees

Let’s view the CPA Exam fee structure. 

ParticularsExamination FeesFirst-time Applicant FeesRe-exam Applicant Fees
Application Fee$185
Registration Fee$85
Exam sections
AUD$238.15
BEC$238.15
FAR$238.15
REG$238.15$952.6$952.6
Total Fees$952.6$1,137.6$1,037.6

Nebraska applicants can’t pull back from the exam or request to extend their Notice-to-Schedule (NTS). Nonetheless, critical conditions are an exception to requesting an NTS extension or a partial exam fee repayment. 

Both examination and application fees are non-refundable. Furthermore, an eligible applicant has six months from the NTS issuance date to schedule and attempt the approved section(s). 

Required Documents

Here is the list of required documents to be submitted to CPAES. 

DocumentsRequirementSubmission
Official transcript(s)MandatoryBy each postsecondary academic institution attended
Foreign evaluation report with translated foreign transcriptsIf applicableBy applicant or evaluation agency
Certificate of Enrollment (COE) formIf applicableBy applicant
Final official transcript to confirm degree conferralMandatory (if the applicant submits the COE Form)By applicant
Testing Accommodations Request formIf applicableBy applicant

Note that the COE form must be submitted by candidates enrolled in college at the time of application. The authorized agencies for the evaluation of educational credentials are:

  • NASBA International Evaluation Services (NIES), or
  • Any member of the National Association of Credential Evaluation Services (NACES)

Your academic institution can also submit the e-transcripts directly to CPAES. Know that only original and not photocopied transcripts are acceptable.   

Nebraska CPA Certificate Requirements

Before applying for the Nebraska CPA Certificate, candidates must:

  • Be a Nebraska resident with a place of business or regular employment
  • Have at least a baccalaureate degree with 150 semester hours
  • Pass the CPA Exam
  • Complete the NBPA Ethics Exam
  • Take the AICPA’s self-study ethics course and exam

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Ethics Requirement

NBPA Ethics Exam

The application form for the NBPA Ethics Exam is available on the state board website. The exam consists of MCQs. While attempting the MCQs, you must access Title 288, Chapter 5 of NBPA Rules and Regulations. 

You are subject to the following ethical rules as per the engagement context and nature of the provided services. 

  • NBPA Rules & Regulations (Chapter 5)
  • AICPA Code of Professional Conduct 
  • Rules for Regulatory Agencies, like Internal Revenue Service (IRS) Circular 230, Public Companies Accounting Oversight Board, etc. 

AICPA Ethics Exam

Besides the NBPA Ethics Exam, Nebraska candidates must also take AICPA’s self-study course, “Professional Ethics: The AICPA’s Comprehensive Course (For Licensure)” and the ethics exam at the end of it.  For licensure, you must score at least 90%.  For more details, please refer to the AICPA website.

ParticularsDetails
Exam FormatOnline
MCQs
Current PricingAICPA Members$180
Non-members$245
Course Validity1 year after the purchase
Passing Score90%
When to take up the Exam?After passing the Uniform CPA Exam
Key TopicsConceptual Framework
Ethics
AICPA Code of Professional Conduct
Independence
Activities that disgrace the CPA profession
Ethics Requirements from other regulators

On completing the ethics exam, AICPA sends the Certificate of Completion to the NBPA. In addition, candidates must fill the CPA Certificate Issuance form and apply it to the state board. On satisfying all the requisites, the board issues the CPA certificate.

Note that the CPA certificate doesn’t provide practicing rights to the holders. So, candidates must fulfill the experience requirement after passing the ethics exams to receive the Nebraska CPA License.

Nebraska CPA License Requirements

Being a two-tier state, Nebraska certificate holders have to satisfy the following requisites for licensure:

  • Attain Nebraska residency
  • Get Social Security Number (SSN)
  • Earn 150 semester hours of education
  • Score a minimum of 75 points in each of the four CPA Exam sections
  • Receive the CPA Certificate
  • Obtain 2-3 years of work experience

Here is the licensure process.

Nebraska CPA Exam Licensure Process

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On meeting the experience requirements, candidates can contact the NBPA office for the licensure application. Ensure to submit the Certificate of Public Accounting Experience form along with it. Now let’s dig deeper to learn more about the licensure requisites.

Education Requirements

You must hold a baccalaureate degree from a four-year academic institution. In addition, ensure to complete 150 semester hours of post-secondary education. The education requirement for licensure and CPA exams are the same. Further details are specified in the Eligibility Criteria section. 

Exam Requirements

Nebraska licensure applicants must score a minimum of 75 points in each exam section. In addition, they have a rolling 18-month period to conclude the licensure test successfully. Refer to the Nebraska Exam Requirements section for detailed information. 

Certification Requirement

Pass both the NBPA and AICPA ethics exams and acquire the CPA certificate. Please refer to the Nebraska Certificate Requirement section above for additional information.

Experience Requirements

Candidates must gain the necessary experience under the direct supervision of an active CPA. Ensure to obtain the required employment in a licensed and registered CPA Firm.  

Type of ExperienceRequired HoursRequired Documents for Licensure
Public Accounting Experience4,000 hours of experience gained in at least 2 yearsCertificate of Public Accounting Experience Form
Nebraska Department of Revenue & Nebraska Auditor of Public Accounts Experience4,000 hours of experience earned in at least 2 yearsNAPA & NDR Experience Form
Official job descriptions
Letter of recommendation (from supervising CPA)
Business, Government, and Academia Experience6,000 hours earned in at least 3 yearsBusiness, Government, and Academia Experience Form
Official job descriptions
Letter of recommendation (from supervising CPA)

Continuing Professional Education (CPE)

Candidates must renew their Nebraska CPA License biennially after reporting 80 CPE credit hours. You must earn the CPE hours only through approved sponsors.  The National Registry CPE sponsors are usually acceptable.

Here lies all the information. 

ParticularsDetails
License Renewal DateJune 30 (Biennially)
Odd or even year based on birth year
CPE Reporting PeriodJanuary 1-December 31 (Biennially)
Odd or even year based on birth year
General CPE Requirement80 hours every two years
Ethics Requirement4 hours
Credit LimitationsCommittee MeetingsMaximum 16 hours
Firm MeetingsAcceptable only if the program constitutes a minimum of 50 minutes of continuous instruction
InstructionMaximum 50% of total hours
Peer ReviewMaximum 50% of total hours
Personal Development/CommunicationsMaximum 16 hours
Published MaterialsMaximum 16 hours
Self-StudyMaximum 50% of total hours
University/CollegeMaximum 50% of total hours
Nano Learning ProgramsMaximum 40 hours
Credit CalculationsInstructionCredit = Presentation plus Preparation.
Partial CreditHalf credits after first full hour accepted
University/CollegeCredit courses    1 semester hour = 15 CPE hours
1 quarter hour = 8 CPE hours
Non-credit courses1 classroom hour = 1 qualifying hour
Other State PoliciesCourse Approval    Pre-approval of CPE Courses is encouraged through the use of the Board’s “Program Qualification Form”

The Cornhusker State offers flexible education and experience requirements for aspiring CPAs. Also, you don’t have to attain a minimum age or U.S. citizenship to gain the title. All of this makes for a comfortable journey to CPA licensure.

So, begin with checking your eligibility to apply for the CPA exam through Nebraska and fulfill the additional license requirements. To obtain further licensure details, you can refer to the NBPA, AICPA, or NASBA websites. You may also get a membership and secure discounts on exam prep courses. Learn more about CPEs for CPA.

Nebraska Exam Information & Resources

1. Nebraska Board of Public Accountancy (https://nbpa.nebraska.gov/)

1526 K Street, Suite 410

Lincoln, NE 68508

Ph: 402-471-3595

Fax: 402-471-4484

2. Nebraska Society of CPA (https://www.nescpa.org/)

7435 O Street, Suite 100
Lincoln, NE 68510

Ph: 402-476-8482 & 800-642-6178

Fax: 402-476-8731

Email: [email protected]

3. NASBA (https://nasba.org/)

150 Fourth Ave. North

Suite 700

Nashville, TN 37219-2417

Ph: 615-880-4200

Fax: 615-880-4290

CPAES

1.800.CPA.EXAM

[email protected]

4. AICPA (https://www.aicpa.org/)

220 Leigh Farm Road

Durham, NC 27707-8110

Ph: +1.919.402.4500
Fax: +1.919.402.4505

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