A Certified Public Accountant (CPA) 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. If you ever consider a career in accounting and want an illustrious career, CPA Course is the best option for you. CPAs are globally recognized as premier accountants and are hired across industries throughout the world.
CPA Course Eligibility
In order to appear for the Certified Public Accountant Examination, the candidates must have any of the below qualifications
- Member of the Institute of Chartered Accountants of India.
- Member of the Institute of Cost and Works Accountants in India.
- Member of the Company Secretaries in India.
- Master of Commerce
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 You can get in touch with EduPristine CPA Course , a recognized training provider in association with Becker for further details.
CPA Course Syllabus
CPA exam syllabus is broken down into 4 sections. Each of these sections have their own syllabus and exam which you need to be proficient in. The 4 sections of the CPA exam are as follows:
- Auditing and Attestation (AUD),
- Financial Accounting and Reporting (FAR)
- Regulation (REG),
- Business Environment Concepts (BEC)
Here is the direct links to download the AICPA revised new syllabus 2019 Huge number of aspirants are preparing for the Certified Public Accountant (CPA) in various countries. The CPA exam question paper covers multiple choice questions, written communication and task based simulations. Candidates need to concentrate more on exam content provided by Becker to score more marks in the examination.
CPA Course Benefits
The CPA course is considered as the ultimate qualification that has unlimited possibilities to show your potential in the accounting field. Listed below are the detailed benefits of CPA course.
- International Recognition: Excellent opportunity for CA, ICWA, CS, LLB, MBA (Finance), M.com and Commerce Graduates who aspire for an International Certification. The exam is administered by the AICPA, which is the world’s largest accounting body.
- Careers Opportunities: After passing the CPA exam candidates start their career with accounting & Auditing Firms, Research firms, Investments banks, Hedge Funds, Private equity firms, Commercial banks, Mutual funds, Merger & Acquisition etc.
- Flexibility & Ease: It’s a Single Level Online exam with just 4 Papers; one can easily clear the exams in less than a year.
- Must do for CA, M.Com and Commerce Graduates: There are very few International certifications that you can give along with our job and get such high job potential.
- Academic Excellence: A CPA qualification is similar to the Indian CA qualification. In addition to the CA qualification, a CPA will have knowledge of US GAAP, GAAS and US federal taxation and business laws. This gives a great advantage to a CPA when working with US Based Financial firms or Indian firms working for US clients.
CA vs US CPA
CA (Chartered Accountant)
CPA (Certified Public Accountant)
|PASS PERCENTAGE||16% as on 2018||Around 50% across papers|
|EXAM STRUCTURE||3-4 years||2-4 years|
|PROGRAM DURATION||3 Level of exams||Just 1 exam|
|OPPORTUNITIES||India||India and Global|
|EXPENSE||Program cost low if time and opportunity cost not accounted||Program fees slightly higher|
|SALARY||If a CA earns x amount||CPAs are earning 15% – 40% more then a (x) CA|
Source – https://resource.cdn.icai.org/18062kev, https://www.aicpa.org/becomeacpa/cpaexam.html
CPA Exam application process and fees
Sometimes, the most tedious part of writing an exam is not the study but the application process! Application for the CPA exam is a different process from applying for a CPA license. Once you have cleared the uniform CPA exam with a minimum passing score of 75, you are eligible for a license as a CPA and can start the application process for a CPA license.
Once you have analyzed the minimum eligibility criteria for the jurisdiction you wish to apply for, you need to pay the CPA application and examination fees. The CPA application fees should be submitted with the application and the other required documents.
CPA Course Exam and pass rates
CPA exams consist of following four parts that take a total of 14 hours to be completed.
US CPA Exam Question Types
Auditing and Attestation (AUD)
Business Environment and Concepts (BEC)
Financial Accounting and Reporting (FAR)
|Multiple Choice Questions (MCQs)||50%||50%||50%||50%|
|Task based Simulations (TBS)||50%||35%||50%||50%|
|Written Communication Task||Not Applicable||15%||Not Applicable||Not Applicable|
|CPA Exam||Time Taken||Question|
|Auditing and Attestation (AUD)||4 Hours||72 MCQs and 8 task-based simulations|
|Business Environment and Concepts (BEC)||4 Hours||62 MCQs, 4 task-based simulations and 3 written communications tasks|
|Financial Accounting and Reporting (FAR)||4 Hours||66 MCQs and 8 task-based simulations|
|Regulation (REG)||4 Hours||76 MCQs and 8 task-based simulations|
The CPA exam scoring is done on an independent basis for every candidate. With this kind of scoring pattern, the candidate is adjudged on the grounds of knowledge levels, skills, and analytic approach. Over the years, the number of CPAs has been on the rise. Here’s a table that gives overall CPA Exam pass rates section wise, for section wise analysis go to
US CPA Exam pass rates for the year 2019
US CPA Exam Topics
Quarter 1 Jan to Feb
Quarter 2 Apr to May
Quarter 3 Jul to Aug
Quarter 4 Oct to Nov
|Auditing and Attestation (AUD)||48.56%||55.11%||51.94%||47.88%||51.01%|
|Business Environment and Concepts (BEC)||58.00%||59.74%||63.04%||58.61%||59.98%|
|Financial Accounting and Reporting (FAR)||44.43%||49.37%||50.29%||40.57%||46.31%|
US CPA Exam pass rates for the year 2020
US CPA Exam Topics
Quarter 1 Jan to Feb
Quarter 2 Apr to May
Quarter 3 Jul to Aug
Quarter 4 Oct to Nov
|Auditing and Attestation (AUD)||47.97%||65.29%||56.89%||47.50%||52.84%|
|Business Environment and Concepts (BEC)||61.76%||76.92%||69.89%||60.77%||65.56%|
|Financial Accounting and Reporting (FAR)||46.37%||62.86%||55.67%||43.53%||49.98%|
Till 2019, students had to appear for the US CPA exams in countries where they had allocated Prometric centres for the exam. Indian candidates who wanted to appear for the US CPA exams had to book centres in the US or Canada.
Post 2020, new Prometric centres have been set up in India in 8 cities which are –
- New Delhi
Candidates can now appear for the US CPA exams in India and save time and money on international travelling, accommodation and visa
The difficulties and challenges you face to be a CPA are all paid off once it is attained. CPAs are in demand in every industry because of the extensive knowledge and high professional standards that a CPA has to maintain.
If you have finalized your goal of attaining the CPA License, the next step is to enroll in a good institution that provides training for CPA and you don’t need too far to search for it. EduPristine provides training for the CPA certification that will help you to clear the CPA exams easily. So wait no more and enroll now.
Counseling from our program expert
Today, we will discuss the US CPA course. US CPA stands for Certified Public Accountant.
We will talk about the scope of US CPA, its eligibility criteria and why it is so much demand in India.
So, what is US CPA?
US CPA is administered by the American Institute of Certified Public Accountants, which is the world’s largest accounting body. Every country has its accounting body. India has the Institute of Chartered Accountants of India (ICAI), Canada has the Canadian CPA, Australia has the Australian CPA, UK has the Association of Chartered Certified Accountants (ACCA). So, every country has its own accounting body.
Why Indian students plan to go for the US CPA?
It’s majorly because of three reasons, either they want to shift to the US or they want to work abroad in the US MNC, or they want a higher salary or higher designation in their career.
In India, if you see, the majority of B.com graduates, like every second person who is doing B.Com, will definitely opt for Chartered Accountant career path.
But what will you do after CA?
If you want to have an edge over your CA qualification or you are still pursuing your CA and you want to upgrade yourself for international jobs then US CPA should be your choice of course.
US CPA gives you global eligibility to work all around the world. For example, you can work for MNC companies in India, big four companies, any speciality auditing company or auditing firm; such companies would definitely prefer a person who is a US CPA as compared to a person who is just an accountant.
The basic eligibility requirement for US CPA in that they require 150 accounting credits in the academics.
In India, it is equivalent to a 16-year education, for example, B.com + M.com, B.com + CA, B.com + MBA, or any post-graduation is required after your graduation.
The best part about this professional certification is you can acquire this in just one year and to complete your certification in one year it is essential to prepare right with the best study material and that’s where EduPristine comes in the picture. EduPristine is the official training partners of Backer in India.
Backer CPA is renowned for its study material, the quality of the content and the success rate. It’s tried and tested.
So in terms of the process, some steps need to be followed for US CPA.
First is the evaluation period where you have to submit your document to the US state board to get yourself evaluated to know whether you are eligible or not.
Second is the registration process where you have to pay the fees to them and third is where you need to select your exam centre in the US or Dubai.
However, if you enrol with EduPristine you don’t have to worry about anything, we will take care of the process and you will just have to concentrate on your studies.
Regarding CPA training schedule, it’s designed keeping in mind the working professionals, batches are only on Saturdays Sundays 9 am to 2 pm and 3 pm to 8 pm, it’s up to you which batch you want to select.
EduPristine also has Career Services team under which you will be going through soft-skill training that includes your interpersonal skills, your business communication skills, your ethics training, all of this will make you better prepared for the accounting industry.
We will also, help you prepare your resume, you will go through interview workshops, our dedicated Career Services team will regularly update you with the job opportunities.
And If you find this video informative, please do share with your friends and colleagues if they are aspiring to become a US CPA. For more information, you can subscribe to our channel or else you can find the links in the description. You can also visit our website www.edupristine.com
All the best.