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US Certified Public Accountant
Get CPA (USA) in about 12 months
Fintram Global in association with Becker presents US CPA Course in India. Now you can become a US CPA right here in India and open the door to a world full of exciting opportunities.
A CPA course, 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. The American Institute of Certified Public Accountants administers US CPA Qualification. Like we have Chartered Accountancy in India, In the USA we have Certified Public Accountants, a world-renowned professional qualification.
A CPA programmed 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 (US CPA Course) 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
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. To get your free eligibility check, reach out to us at contact@fintram.com
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Demand of US CPA in Big Cities
Mumbai
Mumbai is one of the largest financial centers in India and has a high demand for US CPA certified professionals. Many multinational corporations have their offices in Mumbai, making it a hub for finance and accounting jobs.
Bangalore
The demand for Certified Public Accountants (CPAs) in Bangalore, India, is influenced by various factors such as economic growth, business environment, government regulations, and global trends. There’s a high demand for US CPA certified professionals in Bangalore, especially in the technology and IT services sectors.CPA Course fees in Bangalore are also very reasonable.
Hyderabad
Hyderabad is home to a number of multinational corporations and major Indian companies, many of which have operations in the United States. As a result, there may be some demand for US CPAs with experience in US accounting principles and regulations, particularly in areas such as tax compliance, financial reporting, and auditing.
Delhi/NCR
Delhi/NCR is one of the largest and fastest-growing business hubs in India. Many multinational corporations have their offices in Delhi/NCR, making it a hub for finance and accounting jobs.
Chennai
Chennai is another city in India that’s home to many large accounting and finance firms. There’s a high demand for US CPA certified professionals in Chennai, especially in the technology and manufacturing sectors.
US CPA Syllabus
The CPA exam is known for being a challenging and rigorous exam that requires a high level of preparation, dedication, and hard work. The exam covers a wide range of accounting and business topics, and each section of the exam requires a deep understanding of the material, as well as the ability to apply that knowledge to real-world scenarios. Additionally, the CPA course Syllabus is designed to test not only a candidate’s technical knowledge but also their critical thinking, problem-solving, and communication skills.
The CPA (Certified Public Accountant) exam is administered by the American Institute of Certified Public Accountants (AICPA) and consists of four sections:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Each section of the CPA exam covers specific topics as follows:
- Auditing and Attestation (AUD): This section covers auditing procedures, auditing standards, professional responsibilities, ethics, and internal controls.
- Business Environment and Concepts (BEC): This section covers business structures, economic concepts, financial management, information technology, and operations management.
- Financial Accounting and Reporting (FAR): This section covers financial statement concepts, accounting for assets, liabilities, and equity, and the application of accounting principles.
- Regulation (REG): This section covers business law, taxation, and ethics related to accounting and business practices.
The CPA 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.
BEC - BUSINESS ENVIROMENT CONCEPTS
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)
AUD - AUDITING AND ATTESTATION
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)
FAR - FINANCIAL ACCOUNTING AND REPORTING
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)
REG - REGULATIONS
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
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
US CPA Exam Fees
The US CPA course Exam is a comprehensive exam that tests a candidate’s knowledge and skills in the areas of Auditing and Attestation, Financial Accounting and Reporting, Regulation, and Business environment and concepts. It is administered by the National Association of State Boards of Accountancy (NASBA).
If we talk about the US CPA course fee structure the overall US CPA course fees vary largely based on the state in which you are registering and if you are giving the exam from the US or outside of the US. The cost of a US CPA Course in India including the registration fees, evaluation fees, exam fees and training costs is very budget-friendly. now you can get a global qualification for a very reasonable amount.
Holding a CPA course license demonstrates a high level of competency and professionalism in the field of accountancy. US CPAs are often employed by public accounting firms, private companies, government agencies, and other organizations. Now that the US CPA course exam can be taken from India, the cost of travelling and accommodation would be incurred in the past. However, some additional costs have been introduced to make it possible for students outside of the US to take the US CPA exam.
Here’s the breakdown of the US CPA Exam Fees
| Details | |
| Exam Fees (per section $250) | 1,000 USD |
| International Testing Fees | 1,500 USD |
| Evaluation Fees | 225 USD |
| Application Fees | 250 USD |
| Total | 2975 USD |
*Note- Approx 2.4 lacs INR (1 USD=80 rupee)
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:
- 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 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
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.