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CPA USA

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US CPA (US Certified Public Accountant) is one of the highest accounting credentials administered by the American Institute of Certified Professional Accountants (AICPA). CFA (Chartered Financial Analyst) is a globally recognized credential in the field of financial management and investment management. The CFA Institute administers it. Certified Public Accountant: US CPA exam is a single-level toughness exam. It is divided into 4 parts BEC – Business Environmental Concepts FAR – Financial Accounting and Reporting REG…

What is CPA (Certified Public Accountant)? A Certified Public Accountant or CPA is a respectable credential that is given to one by the American Institute of Certified Public Accountants (AICPA). One can achieve this credential by successfully passing the Uniform CPA Examination and also by meeting certain educational and experience requirements. All over the world, different countries have certifications equivalent to that of CPA like the CA designation in India. The US CPA is one…

There are many career options for aspirants who want expertise in the field of finance, accounting, taxation, business, etc. that offer good pay and better employment opportunities. Out of many courses, CPA (Certified Public Accountant) and CA (Chartered Accountant) designations conferred to qualified accountants.  But, which one is better? Let’s go into detail about both the courses. https://youtu.be/n6mOh4XkPQQ Certified Public Accountant (CPA): A Certified Public Accountant (CPA) is a professional who has passed the Uniform…

The CPA-BEC Exam (Business Environment and Concepts) tests the students in management, principle economic concepts, Information & Technology (IT), and corporate governance.  Let’s know the complete details of the CPA-BEC Exam. BEC Topic Areas & Concepts: The CPA BEC section is a 4-hour long exam. It includes the below topics: Content Area Allocation Economic Concepts and Analysis 17 to 27% Corporate Governance 17 to 27% Information Technology 15 to 25% Financial Modeling and Management 11…

The CPA-REG (Regulation) exam tests the understanding level of the candidate at legal matters in a business context and taxation at a federal level. The REG CPA exam covers the topics of business law and federal taxation.  Let’s go through the complete details of the CPA regulation exam structure. CPA-REG Exam Topic Areas: The REG section is a 4-hour long exam. It includes below topics: Content Area Allocation Business Law 10 to 20% Professional Ethics…

The CPA-FAR Exam section covers topics like financial transactions, financial statements, GAAP, and reporting for nonprofits. Most CPA aspirants consider FAR to be the challenging one among the remaining CPA exam sections because of its length. This exam is also considered as difficult because it tests the candidate’s understanding of statement presentation, financial reports, and business transactions using IFRS, GAAP, and governmental accounting systems. There’s also common to see topics like benefits of the employee,…

The CPA-AUD Exam (Auditing and Attestation) section focuses on the examination entity’s processes, compliance, and financial statements. This section evaluates the understanding of standard auditing procedures, fundamental principles, gathering evidence, and internal control concepts, etc of the candidates.   Many CPA aspirants think the CPA-AUD exam is related to the FAR section; it is because there’s a minor overlap in the requirements of GAAP reporting tested on both exams. Yes, there’s an overlap, but that wouldn’t…

The Uniform Certified Public Accountant examination is a credentialing exam for professionals seeking to become CPAs. It is graded by AICPA (American Institute of Certified Public Accountants) and administered with NASBA (National Association of State Boards of Accountancy).  CPA Exam Format: The CPA exam consists of 4 sections. Auditing and Attestation (AUD) Regulation (REG) Financial Accounting and Reporting (FAR) Business Environment and Concepts (BEC) There are 3 types of questions in the CPA exam: Multiple-Choice…

Shortage of CPAs has been continuing for decades, and the survey of AICPA’s 2019 PCPS CPA firm says the primary issue for most public accounting firms is staff recruitment. The U.S. Bureau of Labour Statistics has reported that unemployment for auditors and accountants is under 2%. In recent years, record numbers are majoring in accounting, but the people sitting for the CPA exam are static, which results in a “CPA gap.” An individual must pass…

NASBA has declared CPA exam results for September. One of the crucial parts of the CPA journey is waiting for your scores to be released!! Once the examination is taken, waiting for exam results is a nerve-wracking experience for most students since they have put in an immense amount of hard work and time in order to prepare for the exam successfully.  CPA Exam Score Release Dates Testing Window: July 1 – December 31, 2020:…