Certified Public Accountant (CPA)

Our professional experts provides CPA (US) classes in India. Special weekend batches for working professionals

The CPA examinations are conducted by the AICPA (American Institute of CPAs) which is the world's largest accounting body. AICPA offers membership to all candidates who successfully clear the CPA exams. The CPA license is issued by one of the 55 states or territories of the United States all of which are members of NASBA (National Association of the State Boards of Accountancy).

CPAs have knowledge of:

  • - US GAAP (Generally Accepted Accounting Principles) & IFRS (International Financial Reporting Standards)

  • - Auditing and Attestation standards and procedures

  • - US federal taxation and business laws

  • - Business and financial concepts

For Indian CPA candidates, the US CPA designation can be summarized as:

  • - US equivalent of India CA (Chartered Accountant)
  • - Single-level exams with only 4 exam parts (vs. 3-levels & 16 exam parts on CA)
  • - Roadmap of less than 12 months (vs. 4-5 years for CA)
  • - Exams in Middle East locations including Dubai [effective Oct-2014] as well as US.
     

Key Role

Professional Accountant

Functional Role

Financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.etc.

Any Professional Membership

Yes - American Institute of CPAs (CPA)

Level & Exams

Subject 1 - Audit and Attestation (AUD)
Subject 2 - Financial Accounting and Reporting (FAR)
Subject 3 - Regulation (REG)
Subject 4 - Business Environment & Concepts (BEC)

- Passing score is 75 on a 0-99 scale
- Take the Exam during any one of four “testing window - January 1 - March 10 / April 1 - June 10 / July 1 - September 10 / October 1 - December 10
- 4 Hrs (each) Exam - Question types include multiple choice, simulation and written communication

- Once your application is approved, the state board will email/send out a Notice To Schedule (NTS) that allows you to schedule your exam at a chosen prometric center. This is the authorization you will need to schedule an exam. You will need this number to make an appointment with Prometric.

- Uniform CPA Examination (Exam) to be offered in Japan, Brazil, Bahrain, Kuwait, Lebanon and the United Arab Emirates. Indian citizens and permanent residents can sit for the exam in the Middle East (UAE).

* Few jurisdictions DO NOT currently participate in the international administration of the Exam, Check before registration
** Please be aware of the certain restriction of taking exams outside of US jurisdiction.

Time to Complete

1 - 1.5 Years

Cost of Course

Program Enrollment Fees + Exam Registration Fees (Approx. $ 3,200)

Tution Fee

Depends on where you pursue classes and study material you refer. Get more info from adjacent form

How to Register

Online - https://www.aicpa.org/becomeacpa.html

Expected Salary

Domestic - Starting Rs 5 Lakh per Annum (Fresher)
International - Starting $ 58000 per annum (Fresher)
Salary Calculator

Job Locations & Options

- Around the World  (Obviously Including India too), So increases the opportunity to get overseas job and move internationally
- From MNCS to StartUps, in both the public and private sectors
Careers in CPA

The CPA course is considered as the ultimate qualification that has unlimited possibilities to show your potential in the accounting field. Listed below are the detailed benefits of CPA course.

  1. International Recognition: Excellent opportunity for CA, ICWA, CS, LLB, MBA (Finance), M.com and Commerce Graduates who aspire for an International Certification. The exam is administered by the AICPA, which is the world’s largest accounting body.
  2. Careers Opportunities: After passing the CPA exam candidates start their career with accounting & Auditing Firms, Research firms, Investments banks, Hedge Funds, Private equity firms, Commercial banks, Mutual funds, Merger & Acquisition etc.
  3. Flexibility & Ease: It’s a Single Level Online exam with just 4 Papers; one can easily clear the exams in less than a year. Must do for CA, M.Com and Commerce Graduates: There are very few International certifications that you can give along with our job and get such high job potential.
  4. Academic Excellence: A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US GAAP, GAAS and US federal taxation and business laws. This gives a great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.
  1. ValuedPro along with Vstudy has trained more than 15000 candidates for different academic exams and professional courses such as CS, CA, CMA, CIMA, CPA etc

  2. We have trained more than 2,000 employees of different finance organizations on Financial Analysis, Wealth Management, Financial Planning, Equity Research, Management Accounting etc.

  3. Success Ratio: Pass success ratio of our institute for CPA Exams is 75% which is way above global average of 50%.

 

1. Am I eligible to pursue CPA course?
 
1. 1st E requirement - (Education Eligibility) - So first must have minimum required education crietarion to pursue CPA and as requirements vary by state/jurisdiction so should opt that state where you can currenty meeting this requirement or can easily met this requirement.
2. General Requirement is - Obtain a "standard" bachelor degree (in the US, this means 4 years or more), together with 150 credit hour of general higher education. Of which minimum 30 credit hours
3. Check State wise requirement at:
Request a call fe) Course Counselling (https://api.whatsapp.com/send?phone=999993057! 
https://thiswaytocpa.com/exam-licensure/state-requiremenis/?utm_source=becomeacpa& 
utm_medium=slide&utm_campaign=becomeacpa (https://thiswaytocpa.com/exam-licensure/state- requirements/?utm_source=becomeacpa&utm_medium=slide&utm_campaign=becomeacpa)
4. Few jurisdictions DO NOT currently participate in the international administration of the Exam. Thus an Indian Candidate can't take exam in UAE in that case (Details below) Check before registration.
5. Challenge - The tertiary degree system in India is different from that of the US - the bachelor program in India is 3 years, versus 4 years in the US. Because of this, Indian CPA candidates cannot fulfill the first requirement of obtaining a 4-year bachelor degree.
6. One year of university typically equals to 30 credit hours. For a 3-year B.COM degree, you get 90 credit hours. But as state board genreally look for 150 hours (Check statewise requirecment on link given above) thus it means state boards are looking for 5 years, and you can make up for the remaining 60 credit hours with Post graduate courses or US based non-degree courses. (Bridge Course)
 
Thus, to pursue this course, you minimum qualification should be -
  • - Master of Commerce
  • - MBAs or other non-accounting master's: get an evaluation report and see if you lack accounting credit hours
  • - Member of the Institute of Chartered Accountants of India.
  • - Member of the Institute of Cost and Works Accountants in India.
  • - Member of the Company Secretaries in India.
  • - Other 4 Year Commerce / Accounting Course
 
If you only have a BCOM + CA/CMA/CS only, then since 2012, most state boards changed their interpretation of the CA qualification.
In the past, some of them considered CAto be equivalent to a 4-year bachelor degree. This is no longer the case. As Now, CA is considered a "experience qualification" rather than an "academic qualification" and most state boards no longer grant credits towards the educational requirements.
 
2. Is there any time limit to complete for passing CPA exams?
 
You must pass all four sections of the Exam within 18 months. The calculation of when the 18-month timeframe begins varies by jurisdiction. Check with your specific Board of Accountancy (https://nasba.org/stateboards/) for details
 

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