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Difference Between CPA Course and CFA® Course

Accounting and Finance are two fields that are growing each day. There is a lot of scope in both these courses. The CFA course is a high-ranking finance course, and the CPA course is a highly acclaimed accounting course. The key difference between these courses is their background. CFA is beneficial for candidates with a finance background and ones looking to make a career in the finance industry. Whereas CPA is beneficial for candidates who are interested in the field of accounting. Both the courses will help the candidate boost their career in their respective fields. Accounting jobs and Finance jobs are growing, and so is the industry that is recruiting them. Candidates with additional and useful knowledge and skills are valued in the industry, and the demand for them is growing. It is very important to know whether your niche is accounting or finance because these are specific accounting and finance courses. These courses provide in-depth information and knowledge about their respective fields. Candidates who pursue this course are highly focused and know what they want. If you are looking to know more about the CFA and CPA courses and the difference between them in detail, keep reading.

What Is CFA Course?

  • CFA course full form is Chartered Financial Analyst. CFAs are highly in demand. 
  • A CFA course is highly beneficial for candidates who are looking to make a career in finance as it helps with better career opportunities. 
  • CFAs are well-respected professionals and are highly desired. The CFA course offers the candidate a diverse range of job opportunities. 
  • The CFA course is offered by the CFA Institute in the United States and is globally recognized. 
  • From topics like analysis, estimating or forecasting the future performance of the company to doing financial and portfolio management, the CFA Course provides professional training in all these fields covering all the important aspects of finance. 
  • The CFA course is one of the most in demand certifications in the finance field. 
  • The CFA course is an excellent choice for finance aspirants and is the best for candidates who want to upskill themselves, or have just graduated, or are in the final year and want to pursue a career in Finance.

What is CPA Course?

  • The USA CPA course full form is Certified Public Accountant. The CPA designation is very prestigious and adds honor to a candidate’s status. 
  • A CPA course will help in the personal growth as well as career growth of a student. It provides the candidate with in-depth and extensive knowledge of the accounting field. 
  • The CPA course is the highest standard of competence in Accountancy. 
  • The options for a CPA professional are endless as they can work for the corporate, practice Accountancy, or work for individual entities.

Common-Careers-Differences

What Does the CFA Course Syllabus Cover?

  • The CFA course syllabus is vast since it’s based on different levels. CFA course has three levels, and the syllabus is divided among these three levels. 
  • There are ten main topics of focus that are covered in detail. Portfolio Management has a lot of weightage in the last level i.e. level III. 
  • Each level has 10 topics except the last level which has only seven topics. With each passing level, the difficulty of these subjects also rises. 
  • Some of the major topics are Ethical and Professional Standards, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity Investments, Fixed Income, Derivatives, Alternative Investments, Portfolio Management and Wealth Planning. 
  • All the topics that are covered are useful in the professional world and give the candidates an insight into the functioning of the finance industry.

 

What Does the CPA Course Syllabus Cover?

  • The CPA course syllabus is vast. 
    • There are four exams, and each of them is based on different topics. 
      1. Modules covered in Exam I – Financial Accounting and Reporting 
      2. Exam II – Auditing and Attestation 
      3. Exam – III Regulation (REG)
      4. Exam IV – Business Environment and Concepts.

Course-Difficulty

CFA course duration vs CPA course duration

  • The CFA course duration is two years. All three levels of the CFA course can be completed in two years if the candidate is focused and dedicated. 
  • The CPA course duration is 12 months and is shorter than the CFA course. Both courses are high in demand. 
  • Since the duration and field of these courses are different, the eligibility criteria are also different. The CPA course fee is higher than the CFA course fee.

Is EduPristine the best institute for a CFA course?

EduPristine is a training institution that provides CFA as well as CPA course training. The training is provided by the industry’s finest trainers who have years of experience and skills. EduPristine also provides after-course engagement with placement assistance and career services. A Soft Skills training course is also provided to its students that help them build their personality and ace job interviews. For the CFA course, Classroom, Live Online, as well as Self-Study training is available for the students and it also has an exam-focused crash course. High-quality training that makes the students market-ready is imparted by professionals. Every course is covered in detail, and personal assistance is provided to every student. EduPristine’s course training is highly recommended to everyone planning to pursue either of these courses. It also offers more accounting, finance and marketing courses. Assistance for all jobs is provided at EduPristine. You can walk in at the EduPristine center for a free counseling session or get in touch with the experts.