Certificate of Accountancy Program (CAP)

To qualify to sit for the CPA Exam in Tennessee, candidates must have a bachelor's degree from an accredited 4-year college or university and successfully earned a total of 18 credit hours in upper-division accounting courses (excluding any credit for an internship). In order to be licensed to practice as a CPA, the Tennessee State Board of Accountancy requires candidates to pass all four parts of the CPA Exam and complete 150 hours of college credit, with specific requirements in both accounting (30 hours) and business (24 hours). 

 

Who Should Apply to the CAP?

The CAP is an accelerated evening program consisting of eighteen (18) accounting hours designed for:

  • Applicants who need to satisfy the pre-requisites for the Master of Accountancy (MAcc) program; and
  • Aspiring CPA Exam candidates who need additional accounting hours in order to become eligible to sit for the CPA Exam.

Aspiring CPA Exam candidates who need more than eighteen (18) hours in accounting or additional business courses will need to combine the CAP with one of the following options:

  • Apply for admission to the 30-hour MAcc program; or
  • Apply for admission to the 12-hour Graduate Certificate in Professional Accountancy program. 

CAP Launching Point

For students who have not taken any prior accounting courses or who need to refresh their understanding of basic accounting principles, you should take the 3-hour introductory Financial Accounting course (AC 2503) at the start of the program. Financial Accounting is required for students who have not successfully completed any accounting courses and is highly recommended for students who have not taken university-level accounting courses within the past two years. 

Summer Accounting Boot Camp

CAP Students, who intend to apply for either the 30-hour MAcc or the 12-hour Graduate Certificate in Professional Accountancy, may wish to enroll in the Integrated Accounting Seminar (AC 4789) offered each summer. This 9-hour integrated course combines four (4) upper-division accounting courses.

  • Intermediate Accounting I (AC3503)
  • Intermediate Accounting II (AC 3513)
  • Federal Income Taxation (AC 3573) 
  • Principles of Auditing (AC 4113)

These courses meet on Tuesday and Thursday (5:30 to 8:30 pm) and Saturday (9:00 am to 12:00 pm) in mid-May and ending in early August. Financial Accounting (AC 2503) and Managerial Accounting (AC 2513) are prerequisites for the summer accounting boot camp. 

Minimum GPA

In order to successfully complete the program, students must receive, a minimum cumulative overall GPA of 2.0 in all CAP accounting courses taken. A course grade of less than "C" requires retaking that particular accounting course, unless another course is approved to be taken as a substitute. 

Applying to the CAP

If you are interested in learning more about how the CAP can help you on your path to CPA Exam eligibility, please contact Jason Ziegler at 615-966-5284 or at jason.ziegler@lipscomb.edu. 

FAQs
Who should enroll in the CAP? Working students with a bachelor's degree who seek to satisfy the pre-requisites for the MAcc or become CPA Exam eligible.
What is the format of a 3-hour course? 8-weeks, one night per week, 5:30 – 9:30 pm
How many courses can I take in a term? Usually 1 course per 8-week term, Monday, Tuesday, or Thursday evenings, 3 credit hours per 8-week term,for a total of 6 credit hours per regular semester.
When may I begin the program? August or January.
How do I obtain the 30 credit hours in upper division accounting courses required to become a licensed CPA? Combine the 18-hour CAP at the undergraduate level with at least 12 hours at the graduate level through either the MAcc or the Graduate Certificate in Professional Accountancy. 
   
Which courses are required for the CAP Certificate? To obtain the CAP Certificate, take a total of 18 designated accounting hours with a minimum of 12 hours at Lipscomb. 
  • Financial Accounting (AC 2503)
  • Managerial Accounting (AC 2513)
  • Intermediate Accounting I (AC 3503)
  • Intermediate Accounting II (AC 3513)
  • Federal Income Taxation (AC 3573)
  • Principles of Auditing (AC 4113)
Can course substitutions be made? Yes, with the approval of the CAP Director. 
Who do I contact to register for the CAP Program? Contact Jason Ziegler at 615-966-5284, or at jason.ziegler@lipscomb.edu
What is the cost of the CAP program? $525 per semester hour.
What would be a typical class schedule for the program?

Students should take courses in this order:

Semester 1

  • Financial Accounting (AC 2503)
  • Managerial Accounting (AC 2513)

Semester 2

  • Intermediate Accounting I (AC 3503)
  • Tax (AC 3573) or Audit (AC 4113) 

Semester 3

  • Intermediate Accounting II (AC 3513)
  • Tax (AC 3573) or Audit (AC 4113)
Should I take other courses to be eligible to sit for the CPA Exam? We highly recommend that anyone sitting for the CPA Exam enroll in a review course offered by Becker, Gleim, Bisk, etc.