Course Details

To specify the principles of the accounting industry, 31 accountants shaped a federation in 1887 known as ‘American Association of Public Accountants’ (AAPA) which was renamed in 1957 as AICPA and is responsible for administering the CPA examination. CPA is popularly known as Certified Public Accountant. They are accounting proficient has qualified the CPA exam and all of the other educational requirements and work experience which is compelled. The examination is managed by the American Institute of Certified Public Accountants (AICPA). CPAs have the proficiency in the field of accounting globally. The-course deals with the proficiency of US GAAP, GAAS, Federal Taxation and business laws which enables the professionals with their work in India and foreign countries. The profession of CPA deals with advising their clients on their taxes and financial matters and performing internal and external audits for the organizations.

 

Why CPA?

People who are inclined to a CPA license open countless pathways for their career with a lot of skills, proficiency and experience which are required for growth. The windfalls which a CPA gets are:

• An individual with a C license gets a persuaded high salary package and other windfalls both in India and internationally. A fresher who had cleared the exam recently earn more than $65,000 pa in the US and about INR 600,000 LPA in India.
• With a CPA license can nominate the industry in which he/she wants to work. Be it healthcare, law, fashion, food or any business as every industry requires a CPA to detect things like constant transactions, auditing the financial statements, taxation, etc. and keep a track of these. So an individual gets a wide opportunity to work with their own preferences. CPAs’ profession consists of integrity and ethics as they are the most trustworthy professionals as they deal all the financial insights which are crucial for the company and also they provide financial advice. It is one of the most respected professions available.
• CPAs get the opportunity to work with Big4 and MNC there in India and around the nation. They get much better opportunity globally then any other profession. Once you had passed the exams it will open many doors for your career across the world and in India itself.
• A person who had finalized the CPA course gets a stable career as accountants are always in demand for the society in public as well as in private companies and firms.

 

For eligibility criteria for the CPA

examination, a individual must have 120 Academic Credits at the graduate level ideally from Commerce stream.

Indian students must have completed their graduation degree i.e. B.Com/BBA /BAF/BBI/BFM/BMS with 90 credits and for rest 30 credits a candidate must have finalized M.Com/MBA/CA. The eligibility criteria differs from state to state so for further queries get in touch with our institute.

CPA exam - 120 credits

CPA license - 150 credits

CPA syllabus:-

Part1:

• Financial Accounting & Reporting (FAR) - US GAAP
• 4 Hour Exam (50% MCQ - 50% Simulation)

Part 2:

• Auditing & Attestation (AUD) - US Auditing Standards
• 4 Hour Exam (50% MCQ - 50% Simulation)

Part 3 :

• Regulation (REG) - US Taxation & Law
• 4 Hour Exam (50% MCQ - 50% Simulation)

Part 4 :

• Business Environment & Concepts (BEC) - Business & Finance
• 4 Hour Exam (50% MCQ, 35% Simulation & 15% Written)

Learners can give the exams in India, the Middle East and the US, throughout the year and can unlock the doors for a greater career opportunity globally.

 

Job Profiles after CPA:-

When a person finalizes a CPA course he/she opens the door for the many pathways, some of the job roles which a candidate gets in India are:

• Senior Financial Analyst.
• Risk and Compliance Professional.
• Corporate Controller.
• Accounting Software Developer .
• Information technology Accountant.
• Personal Financial Advisor.
• Finance Director.

 

The of CPA globally:

• Public Accounting –

  Few areas where CPAs can for opportunities in public accounting include financial forensics, business valuation, personal financial planning, and IT consulting. Some additional common roles are Budget analyst, Tax examiner, Business systems analyst, etc.

• Business-
  • Staff-Financial Accounting & Reporting
  • Staff-Tax Accounting
  • Staff-Internal Audit, etc.
• Government-

  Roles at the federal, state, and local levels, have similar responsibilities as in the public Accounting. Auditing, financial Accounting and management accounting are all shared duties, etc.

• Not for profit organization -
  • Not-for-profit accounting and reporting
  • Staff internal audit
  • Controller, etc.

Certification	CPA US	CMA US	ACCA UK	CA India	CMA India
Administered By	American Institute of Certified public Accountant-AICPA USA	Institute of Management Accountants- IMA USA	Association of Chartered Certified Accountants – ACCA UK	The Institute of Chartered accountants of India	The Institute of Cost accountants of India
No. of Papers/Exams	4	2	13	20	20
Duration	12-18 Months	6-9 Months	2-3 Years	3-5 Years	3-5 Years
Paper pattern	MCQs & Task based Simulations	MCQs & Essay type questions	MCQs, Scenario Based & Case Studies	Descriptive	Descriptive
Syllabus	Auditing, Taxation, Financial Reporting, Costing, Economics, IT Security	Management Accounting, Costing, Financial Management	Auditing, Accounting, Taxation, Costing, Corporate Law, Financial Management	Auditing, Accounting, Taxation, Costing, Corporate Law, Financial Management	Auditing, Accounting, Taxation, Costing, Corporate Law, Financial Management
Exemptions	No Exemptions	No Exemptions	Upto 9 Papers Exemption	No Exemptions	No Exemptions