US Certified Public Accountant (USA)
Get CPA (USA) in about 12 months
US CPA COURSE SYLLABUS
The curriculum of the US CPA Course is widely recognized for its breadth and depth of concepts. The test also ensures that a candidate is thorough with the concepts required for an accounting professional to work in real-life complex scenarios. Our comprehensive guide covers all the essential US CPA Course Details you need to know about pursuing the prestigious US CPA designation. The curriculum of the US CPA Course syllabus is spread across 4 subjects.
Each section of the US CPA syllabus in India covers specific topics as follows:
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- AUD – Auditing and Attestation
- FAR – Financial Accounting and Reporting
- REG – Taxation and Regulation
- BAR – Business Analysis & Reporting (OPT 1)
- ISC – Information System and Controls (OPT 2)
- TCP – Tax Compliance and planning (OPT 3)
The US CPA Course exam is a computer-based test offered at Prometric testing centres throughout the World. Each exam section is four hours long and includes multiple-choice questions, task-based simulations, and written communication tasks. For those seeking thorough CPA course details, understanding these sections is crucial. Our guide provides comprehensive CPA course details to help you navigate the path to becoming a US CPA.
The CPA course syllabus comprises detailed topics and essential subjects to be studied for the CPA exam.
Duration
- 4-hour Exam
Question Pattern
- 72 multiple-choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)
Syllabus
- Engagement Acceptance & understanding the environment (12-16%)
- Understanding the entity and its environment (16-20%)
- Performing Audit procedures & evaluating evidence (16-20%)
- Evaluating Audit findings, communications & reporting (16-20%)
- Accounting & review services engagement (12-16%)
- Professional responsibilities (16-20%)
Duration
- 4-hour Exam
Question Pattern
- 66 multiple-choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)
Syllabus
- Conceptual Framework, Standard Setting and presentation of Financial Statements (17-23%)
- Financial Statement Accounts: Recognition, Measurement, Valuation, Calculation, Presentation and Disclosures (27-33%)
- Specific Transactions, Events and Disclosures: Recognition, Measurement, Valuation, Calculation, Presentation, and Disclosures (27% – 33%)
- Governmental Accounting and Reporting (8% – 12%)
- Not-for-Profit (Nongovernmental) Accounting and Reporting (8%-12%)
Duration
- 4-hour Exam
Question Pattern
- 76 multiple-choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)
Syllabus
- Ethics, Professional, and Legal Responsibilities (15% -19%)
- Business Law (17% – 21%)
- Federal Tax Process, Procedures, Accounting, and Planning (11% – 15%)
- Evaluating Audit findings, communications & reporting (16-20%)
- Federal Taxation of Property Transactions (12% – 16%)
- Federal Taxation of Individuals (13% – 19%)
- Federal Taxation of Entities (18% – 24%)
Duration
- 4 Hour Exam
Question Pattern
- 50 Multiple Choice Questions (50% Weightage) and 7 short Task-Based Simulations (50% Weightage)
Syllabus
- Business Analysis (40%-50%)
- Technical accounting and reporting (35%-45%)
- State and Local Governments (10%-20%)
Duration
- 4 Hour Exam
Question pattern
- 82 Multiple Choice Questions (60% Weightage) and 6 short Task-Based Simulations (40% Weightage)
Syllabus
- Information systems and Data Management (35%-45%)
- Security
- Confidentiality and Privacy (35%-45%)
- Considerations for System and Organization Controls(SOC) Engagements (15%-25%)
Duration
- 4 Hour Exam
Question pattern
- 68 Multiple Choice Questions(50% Weightage) and 7 short Task-Based Simulations (50% Weightage)
Syllabus
- Tax compliance and planning for Individuals and personal Financial planning (30%-40%)
- Entity Tax Compliance (30%-40%)
- Entity Tax Planning (10%-20%)
- Property Transactions (Disposition of assets) (10%-20%)
US CPA PROGRAM HIGHLIGHTS
BENEFITS WITH FINTRAM GLOBAL
US CPA Eligibility
The US CPA course Exams are administered by NASBA, the world’s largest
Accounting Body. For CPA exams an aspirant needs 120 credits. One year of university education in India is equivalent to a 30-semester Basis, The US CPA eligibility for Indian students is as follows.
The above points cover the CPA eligibility criteria in India. If you have any doubt about the US CPA Course Details or free eligibility check, reach out to us at contact@fintram.com
FAQ's
What is CPA License ?
CPA License is issued when you have met the requirements from a board, essentially you are given permission to practice public accounting by the State.
To obtain a CPA license:
- 150 credit score is required
- You need to meet the work experience requirements
- Pass the Ethics exam
- Should be above 18 years and pay the license fees
What is CPA ?
CPA stands for Certified Public Accountant, it is a designation given to those professionals who are qualified accountants.
Who is Eligible for CPA ?
You are eligible if you have a master’s degree in accounting, finance or commerce stream. The candidate needs 120 credits to give the US CPA exams and 150 credits to receive the license. For Indian students, one year of education in an Indian university is equivalent to 30 credits of education in the US.
Students attaining first division of a three-year degree from NAAC-A accredited universities of India are qualified to take the US CPA exams.
Best CPA Coaching ?
Fintram Global provides the best coaching for CPA US. They provide:
- Face-to-Face + Live online classes + Video Lectures
- 24*7 Support from the team
- Access to online program material
- Mock Exam
- Exclusive CPA-Qualified Faculty
- 100% Placement Assistance
- Exam Registration Assistance
- Comprehensive study material – becker + fintram global
Can CPA Exam be written in India ?
Yes. Indian candidates can give their “US CPA Exam” in the locations mentioned below:
- Hyderabad
- Ahmedabad
- Mumbai
- Delhi
- Bangalore
- Chennai
- Kolkata
- Trivandrum
Which Study material is best for CPA ?
The best study material is by Becker’s and Fintram has partnered with them to provide the students with the best study material.
Can we do US CPA just by self study ?
That will not be advisable, you need good knowledge of US auditing standards, US GAAP, and US tax laws. Hence, it’s better to go for coaching from some of the best institutes Like Fintram Global.
How long take to clear US CPA ?
A minimum of 12 to 18 months’ time is enough to clear the CPA exam.
What is the duration of the CPA Exams ?
Each section is for 4 hours.
Can CA Intermediate do CPA ?
If you have passed the CA intermediate exam then you are eligible to do CPA US.
Which Companies hire CPA ?
The big 4’s and top MNC’S hire CPA globally and in India as well. Companies like Adobe, Bank of America, KPMG, EY, MasterCard, Deloitte, Goldman Sachs, UBS, Shell, Barclays and many more hire CPA in India and globally.
What are the career opportunities after CPA ?
CPA License is issued when you have met the requirements from a board, essentially you are given permission to practice public accounting by the State.
To obtain a CPA license:
- 150 credit score is required
- You need to meet the work experience requirements
- Pass the Ethics exam
- Should be above 18 years and pay the license fees
Salary of CPA's in India
An Entry level or Fresher CPA earns around 6 – 13 Lakhs per annum in India.
Does US CPA exams have negative marking ?
No, there is no negative marking.
Is CPA Difficult than CA ?
CPA has 4 papers compared to the CA exam which has 3 levels and 18 papers on a whole. Also, CPA takes around 12 to 18 months to complete. The CA, on the other hand, takes close to 3-5 years to complete.
CPA vs CMA ?
CPA has 4 papers compared to the CA exam which has 3 levels and 18 papers on a whole. Also, CPA takes around 12 to 18 months to complete. The CA, on the other hand, takes close to 3-5 years to complete.
CPA vs CFA ?
As a CPA you have the option to work in a variety of fields, you hold knowledge and expertise in accounting, auditing, reporting, tax and many others. As a CFA you are mostly in finance roles. You can also complete CPA faster than CFA course.
Is a CPA or CFA Better ?
Both are well paid respected jobs. It can’t be said one is better than the other, it depends on what the candidate is more interested in.
Who Earns more CA or CPA
Both are paid competitive salaries, however, CPA’s earn a little more than CAs.
Is US CPA difficult than CA ?
No, the difficulty level is more or less same. However, you can complete CPA in far less time than CA.
Is CA better than US CPA ?
Both are good paying, highly esteemed professions. However, CA is recognised and valued in India. However, CPA is globally recognised and valued in India as well.