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Comparison of CPA course with other courses

February 22, 2017
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The Accounting industry offers you various opportunities to learn via various courses. You can choose which one suits your academic and practical requirement. Along with Accounts, finance industry also beneficial for you to pursue in today’s professional world. The question is - After your graduation which accounting or financial credential should you pursue?

We have investigated, researched and compared many courses to CPA. To help you taking a right decision, we’ve compared most popular credentials like CFA® Program, CMA and ACCA with CPA.

CPA

A Certified Public Accountant is the highest standard of competence in the field of Accountancy across the globe. The exam is administered by the American Institute of Certified Public Accountants (AICPA), which is the world's largest accounting body. In order to appear for Certified Public Accountant Examination, the candidate should be a B.Com with PG. Indian CA's with B.Com are also accepted by quite a few states in the US. However, the exact criteria will vary from State to State.

CPA vs CFA

Chartered Financial Analyst® is a professional credential offered by the CFA® Institute to Investment and Finance professionals. The CFA® Program has three different Levels and the minimum time required to clear all three is around 2.5 years (although the overall average is around 4 years).

  CPA CFA
Offered by AICPA CFA® Institute
Exam Papers Four sections of Exam ( AUD, FAR, BEC, REG) Three Steps of Exam(Level 1, Level 2, Level 3)
Exam months Jan-Feb, Mar-Apr, Jul-Aug, Oct-Nov June (Level 1,Level 2,Level 3)
and December (Level 1)
Eligibility Post-Graduation after B.COM Graduation or
4 year of Work experience
Focuses on Investment banking, hedge funds and portfolio management Auditing, accounting and Concept of business environment
Time to Complete 1.5 years 2.5 years
Course fees(Application+ Registration+ Exam fees)  $3400 (by Becker) $2400 as early registration (by CFA® institute)
Average salary(In India) INR- 8,24,336 per year (by PayScale INR- 6,10,128 per year (by PayScale)
Careers
  • Financial forensics
  • Business valuation
  • Personal financial planning
  • IT consulting
  • PortfolioManager
  • Research Analyst
  • Chief Executive
  • Financial Advisor

CPA vs ACCA

ACCA( Association of Chartered Certified Accountants) is the world's leading and fastest-growing international accountancy organization which provide high standards of employee learning and development. ACCA provides you skills and knowledge about all areas of business, financial statements, management accounting, business taxation and also business ethics.

  CPA Course ACCA Course
Offered by AICPA ACCA
Exam Papers Four sections of Exam ( AUD, FAR, BEC, REG) Fundamental (Knowledge and Skills)- 9 papers and
Professional (Essential and Option)- 5 paper
Exam months Jan-Feb, Mar-Apr, Jul-Aug, Oct-Nov March, June, September, December
Eligibility Post-Graduation after B.COM
12th from commerce (with 65% marks) or B.COM graduates
Focuses on Investment banking, hedge funds and portfolio management Financial, Management Accounting, Taxation, Business Analysis
Time to Complete 1.5 years Varies from 6 months to 2 years
Course fees(Application+ Registration+ Exam fees) Total $3400 approx. (by Becker) Total $1793 approx. (by ACCA global)
Average salary(In India) Rupees- 8,24,336 (by PayScale) Rupees- 5,71,000 (by PayScale)
Careers
  • Financial forensics
  • Business valuation
  • Personal financial planning
  • IT consulting
  • Chartered Accountant in India
  • Financial Accountant
  • Management Consultant
  • Tax Consultant

CPA vs CMA

Certified Management Accountant is a globally recognized, advanced-level credential offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA). The CMA course enhances the value of your current position and expands your career potential.

  CPA Course CMA Course
Offered by AICPA IMA
Exam Papers Four sections of Exam ( AUD, FAR, BEC, REG) Part 1 and Part 2
Exam months Jan-Feb, Mar-Apr, Jul-Aug, Oct-Nov Jan/Feb/ May/Jun/ Sep/Oct
Eligibility Post-Graduation after B.Com
Graduation and Two years of professional experience
Focuses on Investment banking, hedge funds and portfolio management financial planning, Control, decision support, and professional ethics
Time to Complete 1.5 years 6 months
Course fees(Application+ Registration+ Exam fees) Total $3400 approx. (by Becker) $1325(Professional Member)
$849 (Student Member) (by Becker)
Average salary(In India) Rupees- 8,24,336 (by PayScale) Rupees- 4,05,620 (by PayScale)
Careers
  • Financial forensics
  • Business valuation
  • Personal financial planning
  • IT consulting
  • Cost managers
  • Relationship managers
  • Finance managers
  • Analysts

Since it is not possible to say which course you should target, it’s your decision which one is better for your career or which is more suitable to your academic qualification. In terms of which qualification is better, it is like a question on which Cricket team do you support among South Africa, Australia, England and West-indies. It really depends on what do you plan to work as.

However, if you’re seeking an accounting job in the U.S., don’t overthink and go for the CPA. EduPristine provides training for the CPA certification that will help you to clear the CPA exams easily.

We hope this comparative analysis will help you in choosing the right career for yourself. In case of any queries or doubts about these certifications, feel free to comment below.

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