(1) The following general subject matters are acceptable so long as they contribute to the basic professional knowledge and competence of the individual and meet the minimum standards of quality or development and presentation and of measurement and reporting of credits set forth in the Statement on Standards for Formal Continuing Education Programs published by the National Association of State Boards of Accountancy (ARM 24.201.2120 through 24.201.2124) :

(a) accounting and auditing,

(b) taxation,

(c) management,

(d) computer science,

(e) communication arts,

(f) mathematics, statistics, probability and quantitative application in business,

(g) economics,

(h) business law,

(i) functional fields of business: finance, production, marketing, personnel relations, business management and organization;

(j) specialized areas of industry (e.g., film industry, real estate, farming, etc.) ,

(k) administrative practice (e.g., engagement letters, personnel, etc.) .

(2) Areas other than those listed above may be acceptable if the individual can demonstrate that they contribute to their professional competence. The responsibility for substantiating that a particular program is acceptable and meets the requirements rests solely upon the individual.