What is US CPA?
US CPA is world’s highest qualification in accountancy and is similar to the CA qualification in India and is universally recognized & globally accepted. A CPA has a Strong Knowledge Base of US GAAP & IFRS.To become a CPA in the United States, the candidate must sit for and pass the Uniform Certified Public Accountant Examination (Uniform CPA Exam), which is set by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy (NASBA).
Scope
CPAs are required in all areas of the business world in the field of Financial / International Accounting like
- Corporate Finance (M&A, IPO, Share & Debt Issues)
- Investment Banking
- Assurance and Attest Services
- Internal Auditing
- Information Technology (especially as applied to accounting and auditing)
- Management Consulting & Management Reporting
- Financial Planning
- Tax Preparation and Planning
- Income Tax
- Estate Planning Corporate Governance
Why CPA ?
- High demand in India & overseas.
- MNCs seek proficiency in US GAAP.
- Only 4 papers to pass.
- MCQs, Task based Simulation (TBS) examinations.
- No negative marking.
- Passing Ratio Approx. 45%
Eligibility
Any candidate who has completed GRADUATION can immediately start with US CPA
Exam
Exam Center : UAE & USA (Preferred centers for Indian students)
Time Duration : - 1 year
Exam & Result Schedule : Exams in the first two months of every quarter.
Four testing windows are:
- January - March
- April - June
- July - September
- October - December
CPA :
Subjects Tested (Exam Duration: 4 Hrs each)
- Auditing & Attestation (50% MCQs, 50% TBS)
- Financial Accounting & Reporting (50% MCQs, 50% TBS)
- Regulation (50% MCQs, 50% TBS)
- Business Environment & Concepts (50% MCQs, 35% TBS, 15% Writing)
Total Cost
US |
UAE |
₹ |
|
Evaluation Fees |
$225.00 USD |
$225.00 USD |
₹16,000.00 Approx |
Exam Fees |
$850.00 USD |
$850 USD + Additional $365 USD per paper 365*4 |
₹86,300.00 Approx |
State Board Fees |
$250.00 USD |
$250.00 USD |
₹16,000.00 Approx |