CPA is the highest professional accounting qualification in the USA and is recognized internationally, including India. The CPA qualification in the US is similar to the CA Qualification In India. The American Institute of Certified Public Accountants (AICPA) conducts Uniform CPA exam. CPA Professional have thorough and complete knowledge of the accounting principles of the US (US- GAAP). The services of US CPA are required in all areas of the business world.
A number of multinational companies are heading to India for its growing workforce, seeking people in the accounting domain with knowledge of US GAAP (Generally Accepted Accounting Principles) and GAAS (Generally Accepted Auditing Standards). Indian corporates, due to listing requirements of U.S. Stock Exchanges, are increasingly requiring specialists with knowledge of the US CPAs.
To become CPA, follow the simple steps:
Eligibility: Every year of university education in India is equivalent to 30-semester credits of US education. The education requirements for CPA exam eligibility vary across states, but the main requirement is that candidates must have completed either a bachelor’s degree or 120 college credit hours.
If you have a B.Com degree cleared in first division from a NAAC A accredited university, you will be entitled to an extra 30 credits taking your total credits to 120. However, some states require that their candidates complete a minimum of 150 college credit hours to sit for the exam, and you are good to go if you have any of the following qualifications:
B.Com + MCom/MBA equalling 150 credits
B.Com +CA/CS/CWA equalling 150 credits
Exam: CPA exam is 4 paper-based exam, Financial accounting and reporting, US taxation and law- Regulation, Auditing and attestation, business environment and concepts, it’s 50% objective and 50% essay oriented, you would need 75% percentile to pass the exam and exam can be written only in Dubai and US.
Duration: The duration would be 7–8 months and you can write the exam in any month ( March, June, Sep, Dec- first 10days only), all the sections need to be completed in 18 months after you receive your first score.
License and Work experience: You would need one year of work experience and write an ethics exam( open book) to become licensed and practice in the US.
Pass percentage: 45–50 % is the pass percentage of candidates writing the CPA exam.
Career opportunities: US companies like Google, Facebook, Apple, Wells Fargo, standard chartered, JP Morgan etc. are always looking for CPA candidates for their finance team and CPA would enjoy more benefits than CA due to their expertise in US GAAP, the compensation is very high in MNCs, and definitely, the course is worth pursuing and we at Simandhar Education have placed candidates at the same package at which CA candidates are placed.
Best course providers and study material: Currently Becker professional education, Wiley and Gliem are the international course providers for CPA, you can also visit India’s leading training institute for CPA exam in India.
Discrete Features for US CPA course of Simandhar Education:
Latest content mirroring the CPA exam
Study anytime, anywhere with our In-class or Online Course format
Get career guidance from Subject Experts.
Interactive Classroom Sessions
Computer-Based Mock tests
Get expert guidance and assistance pertaining to eligibility, procedures & scheduling details.
Generate an Optimum Study plan tailored to your preferences with our Interactive Study Planner
Now how do we start preparing for CPA?
There are many key factors that will help you in your study preparation, as mentioned below:
Quality Study Material
Time to study on your own
Best Doubt session in which you definitely interact with the teachers
Best ever test samples
Also, you must be able to make your schedule
ALL THE BEST!
If you are a resident of Delhi and are looking to further your career in accounting by pursuing a CPA, this article will be helpful to you. Pursue your US CPA coaching in Delhi with Simandhar Education. If you have any queries, feel free to comment in the section below. Happy Learning!
Simandhar Education is the official partner of Becker and AICPA - Largest Training provider for US CPA, US CMA , IFRS and EA courses in India with offices in Bangalore, Hyderabad, Delhi, Ahmedabad, Gurgaon, Kerala, Cochin (Kochi), Trivandrum, Kottayam, Kozhikode, Malappuram, Chennai, and Mumbai.
Learn how to use CPA, from First basics to advanced techniques, with online video tutorials taught by industry Experts. Simandhar Education is the best leading training provider for CPA Exam in India. Contact us @+919390785925.