For CPA’s in Alabama, there’s an annual requirement of 40 hours of continuing education and those training hours must be completed by September 30th of each year. This year, I stumbled around and only completed one course before this week, so I’m spending most of this week in a class room.
There are all sorts of ways to get what we call CPE. You can do self-study courses, you can attend webinars, go to meetings, or as I tend to do each year, pay for and attend classes sponsored by our state society of CPAs. On average I wind up spending about $1,250 a year on these things and, of course, a week’s worth of time. Over the course of my 26 year career, I spent at least 1,040 hours in classes and during my 16 years of basically being self-employed, I’ve spent roughly $20,000.
Ouch times two.
However, I guess the main question is whether or not my education is being furthered. I think the answer to that is definitely yes, because I do learn some things, but I’m not sure I’ve learned $20,000 worth.