What is CPA Course
CPA stands for Certified Public Accountant and is one of the major certification courses in the field of accountancy. Other countries too have accounting certification courses that are equivalent to the CPA designation. What makes CPA a more desirable designation globally is that it covers accountancy as an international concept and encompasses the global standards and principles of accountancy. While countries have their version of the CPA certification course, the most reputed is the US CPA.
US CPA (Certified Public Accountant)
The US CPA is offered by the American Institute of Certified Public Accountants (AICPA). The CPA designation is acquired after the candidate has fulfilled all the predefined criteria of the institute.
Here are the US CPA course details:
To be eligible for the US Certified Public Accountant (CPA) examination, a candidate should be a Postgraduate, preferably in Commerce like:
- 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 some of the states in the US. However, the criteria may vary from State to State.
CPA Course Duration and Examination
The candidate must complete 150 hours of the CPA course semester to obtain the CPA license. The CPA course consists of four examinations as following:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Many states require candidates to have 1-2 years of experience under a CPA. The candidate has to complete the four assessments in 18 months to be eligible for a CPA license.
CPA Course Fees
- Auditing and Attestation (AUD): $356.55
- Business Environment and Concepts (BEC): $356.55
- Financial Accounting and Reporting (FAR): $356.55
- Regulation (REG): $356.55
The CPA course fee in India remains the same as far as exam registration is concerned. Students have to bear additional expenses for accommodation and traveling since they can appear for the exams in the US only. Though, due to prevailing conditions, the year 2020 has become an exception with the exams being conducted in 8 cities of India.
There are other online certification courses in accountancy as well that help you master the different verticals of accounting like taxation and management accounting. EduPristine excels in providing training in the field of Accountancy and Finance to the aspiring candidates.