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US Certified Public Accountant (USA)

Get CPA (USA) in about 12 months

Fintram Global in association with Becker presents US CPA Course. Now you can become a US CPA right here in India and open the door to a world full of exciting opportunities.

A CPA, or Certified Public Accountant, is a designation used for accountants in the US who pass the CPA exam. This designation shows expertise in the field. US CPA Qualification is administered by the American Institute of Certified Public Accountants. Like we have Chartered Accountancy in India, In the USA we have Certified Public Accountants, a world-renowned professional qualification.

A CPA is someone who has become proficient in all the elements of the accounting profession, which is one of the many reasons, professional organizations seek CPAs for accounting and finance jobs. Companies such as the Big 4s (EY, PWC, KPMG & Deloitte) and many other top MNCs globally & as well as in India hire CPAs on the same level as an Indian CA.

This unique qualification is also helping Indian CAs to understand US GAAP and US Audit Practices which allows them to work and grow with various Multinational Organisations.

US CPA PROGRAM HIGHLIGHTS

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Recognition around the world
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Career opportunities at Big 4s & Top MNCs
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Flexible & Easy to Pass
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Live Online/Recorded Sessions
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Self-paced learning, Content by Becker Professional Education
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Global Mobility Opportunities (including US, Canada, Middle East)
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Authority to practice Public Accountancy

US CPA ELIGIBILITY

The US CPA Exams are administered by NASBA, the world’s largest accounting body. You need to clear just 4 exams to qualify for CPA. CPA Eligibility requirements are as below:

  • You should have Master’s Degree in any of the streams of Commerce, Accounting or Finance
  • For CPA exams an aspirant needs 120 credits and 150 credits to get his CPA license
  • One year of university education in India is equivalent to 30-semester credits of US education.
  • In some cases, first-division graduates of a three-year degree from NAAC-A accredited universities of India are qualified to take the US CPA exams too.

FinTram Global will help you get a free eligibility check to help you understand if you’re eligible to take the prestigious US CPA certification.

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US CPA CURRICULUM

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. The curriculum of CPA is spread across 4 subjects. These subjects also classify CPA into four exams that were discussed earlier on this page. They are:

  • BEC- Business Environment Concepts
  • AUD- Auditing and Attestation
  • FAR- Financial Accounting and Reporting
  • REG- Regulations

Syllabus (include weightage)

  • Corporate Governance (16% – 20%)
  • Economic Concepts and Analysis (16% – 20%)
  • Financial Management (19% – 23%)
  • Information Systems and Communications (15% – 19%)
  • Strategic Planning (10% – 14%)
  • Operations Management (12% – 16%)

Duration

4 hour Exam

Question Pattern

62 multiple choice questions(50% Weightage) & 5 short task-based simulations (35% Weightage),Written communication( 15% Weightage)

Syllabus (include weightage)

  • 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

72 multiple choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)

Syllabus (include weightage)

  • Conceptual Framework, Standard Setting & Presentation of Financial Statements (17-23%)
  • Financial Statement Accounts (27-33%)
  • Specific Transactions, Events 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

66 multiple choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)

Syllabus (include weightage)

  • Ethics, Professional, and Legal Responsibilities (15% -19%)
  • Business Law (17% – 21%)
  • Federal Tax Process, Procedures, Accounting & 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

76 multiple choice questions (50% Weightage) & 9 short task-based simulations (50% Weightage)

US CPA EXAM PATTERN

Each of the exam sections (FAR, AUD, REG, BEC) comprises five smaller sections which are called testlets. Each of the testlets tests different item types in order to test the knowledge and skills of the candidates. There are three different types of exam items that will appear within the specific test lets in each section

Multiple choice questions (MCQs): These will be presented in the first two testlets of each exam section
Task Based Simulations (TBS): These are in the form of case studies. There would be 3 TBS testlets in AUD, FAR and REG exam sections and 2 TBS testlets in the BEC section
Written Communications Tasks: These appear only in the BEC section and would be in the form of a memo/ letter.
5 Milestones for becoming US CPA

CAREER OPPORTUNITIES AFTER CPA

  • Public Accounting
  • Academia
  • Auditing and Assurance
  • Management Accounting
  • Treasury/Cash Management
  • Business Valuation
  • Information Technology Consulting
  • Corporate Accounting
  • Financial Accounting and Reporting
  • Taxation
  • Financial Analysis
  • Financial Forensics
  • Personal Financial Planning
  • Litigation Services
  • Consultant Services
  • Assurance Services
  • Non-profit organizations
  • International Accounting and many more…

US CPA vs ACCA vs US CMA

Key Point US CPA ACCA US CMA
No. of exams 4 13 2
Paper Pattern Objective + Subjective Objective + Subjective Objective
Syllabus Auditing, Public Accounting, Taxation, Financial Reporting Auditing, Accounting, Taxation Management Accounting, Financial Management
Recognition Global Recognition Global Recognition focused in UK and EU Global Recognition
Exemptions for graduates No exemptions (Level playing field) Yes No exemptions
Work experience required for license Varies 3 Years 2 Years
Hiring organizations location India & Global EU, UK, Middle East, India India & Global
License validity Few Countries (Cannot be practised In India) Global (Cannot be practised In India) Global (Cannot be practised In India)

BENEFITS WITH FINTRAM GLOBAL

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Exclusive CPA-Qualified Faculty
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FREE Eligibility Check
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Access to the best Becker content
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Exam Registration Assistance
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Best in Class Study Material
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100% Placement Assistance
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24*7 Support from the Team
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Mock Exam and Review

FAQ's

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.

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:

  1. 150 credit score is required
  2. You need to meet the work experience requirements
  3. Pass the Ethics exam
  4. Should be above 18 years and pay the license fees

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:

  1. 150 credit score is required
  2. You need to meet the work experience requirements
  3. Pass the Ethics exam
  4. Should be above 18 years and pay the license fees

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.

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.

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