USA CPA

The Certified Public Accountant or CPA is a credential acquired by professionally skilled accountants across the globe. To attain this credential or license, candidates must qualify the unified CPA Exam and fulfil their state board’s educational and experience requirements.

As the US CPA Exam is held at different locations across the globe all year round, choosing a suitable schedule, date, and Prometric testing centre is of paramount importance.

Are you ready to schedule your US CPA Exam, but need to find out how to get started? Find out everything you need to know to schedule your Exam below!

1. The concerned organizations associated with Exam

1.1 NASBA

The full form is National Association of State Boards of Accountancy. You can find information and guidelines on their website. NASBA issues the candidate bulletin, which helps you with test readiness and also issues your CPA score release.

1.2 AICPA

It stands for American Institute of Certified Public Accountants. The AICPA provides exam info and study materials. You can find a lot of answers to common questions on their website. They also publish pass rates.

1.3 Prometric

This organization facilitates the CPA examination. You will register for and reserve a seat at a Prometric test centre to take the exam.

There are four parts to the exam, and each one is taken separately. You must pass all four sections within 18 months. Some sections, like FAR (Financial Accounting and Reporting), are harder than others, so give yourself enough time between your exam dates to study.

2022 is a unique year for the US CPA Exam. The COVID-19 pandemic has changed the CPA test dates significantly. As of July 1, 2020, the regular testing schedule for the CPA changed. The AICPA made the test available year-round, replacing the four testing windows.

Candidates are able to register for testing throughout the year. A candidate schedules the Exam through Prometric while pays the fees to and receives the Notice to Schedule (NTS) from either the State Board of Accountancy/Agent or NASBA, depending on the provisions of the jurisdiction.

2. US CPA exam in India

Previously, to appear in US CPA exam in India, an Indian candidate had to travel abroad due to non availability of CPA test centers in India. However, this scenario has been changed after CPA testing centers started operating in India, a boon for the Indian CPA US course aspirants as it saves a lot of money incurred on travel and lodging to take the exam outside India.

Indian candidates to write the US CPA exam in India throughout the year from the following 8 Prometric centers :

1. Ahmedabad

2. Bangalore

3. Calcutta

4. Chennai

5. Hyderabad

6. Mumbai

7. New Delhi

8. Trivandrum

US CPA Exam 2022 – New Updates In 2020, the US CPA exam in India had few changes; the most prominent change was the introduction of the CARES Act to the REG section effective in Q4 2020. In 2021, the Exam will undergo additional changes, mainly to the AUD & BEC sections, with minor revisions to the remaining two sections – FAR & REG….continue reading

3. How to determine if you’re eligible to sit for the US CPA exam?

Before you start the process of scheduling US CPA Exam, you’ll want to determine if you’re eligible to sit. All CPA US course candidates who want to schedule their test, must ensure they have met all of their state’s educational requirements to sit for the exam prior to registration.

Note: Some states only require 120 semester hours to sit for the CPA Exam versus other states that require 150 semester hours.

4.How to apply to sit for exam?

Once the educational requirements are met to sit for the US CPA Exam, it’s time to apply to sit for the CPA Exam by visiting the National Association of State Boards of Accountancy (NASBA) to complete all CPA Exam-related tasks.

Note: If you are sitting for the examination in a provisionary state, you may be able to sit for the test a few months before completing all education requirements.

5. When you’ll receive your approval to sit for exam

5.1 Once you’ve met the educational requirements to sit for the US CPA Exam, chosen the jurisdiction from NASBA Website, where you’ll sit for the CPA Exam and receive approval to take the US CPA Exam. This approval is called the Authorization to Test (ATT). The ATT allows you to choose the CPA Exam section(s) you want to take.

5.2 Once you pay the required fees to NASBA for the sections you’re taking, you’ll receive a Notice to Schedule (NTS) via email.

5.3 Once you receive your NTS, you’ll need to sign into your account on the NASBA Website and print your NTS. The NTS indicates which sections of the exam you’re approved to take.

6. When you should schedule your US CPA exam?

There are a couple of ways to decide when to schedule your test. Since the examination is offered throughout the year, it’s easy to find a time that fits your study schedule. However, it’s important to not wait until the last minute to schedule your test.

The Prometric testing centres typically fill up on certain, popular, dates. So, try to schedule your assessment at least a month before you want to sit for the CPA Exam so you’re ensured you have a seat. Deciding when to schedule your US CPA Exam should be determined on a couple of factors.

If you’re motivated by a “testing date,” then scheduling your US CPA Exam early and working towards that date might keep you motivated to stay on track. If you tend to procrastinate, then it might be better to schedule your test further out so you have time to really study prior to sitting for the assessment. Another option is to study for the exam first, then schedule the exam.

7. Steps to schedule your US CPA exam:

1. Submit your CPA exam application and fees

Your application will be approved by your respective state board of accountancy or NASBA (as some states contract NASBA to process applications), using NASBA’s CPA Central.

2. Receive your Authorization to Test (ATT) in the mail

Once your ATT is received, you have 90 days to pick which CPA exam section(s) to sit for and when. Once you decide, you will then register and pay your exam fees on the NASBA website.

Note: Some states will send your ATT directly to NASBA, so be aware of this as your 90 days to choose your section(s) will have begun.

3. Verify the information on your Notice to Schedule (NTS)

Between three and six weeks later, you’ll receive your Notice to Schedule (NTS), which allows you to sit for a section of the CPA exam in the United States or at an international testing centre.

4. Schedule your CPA exam section

Now, you can schedule a testing date and time with a Prometric testing center. But know that your NTS is valid for six months only (in most states, see below for exceptions to this rule), so don’t wait to make your plans or risk paying more exam fees.

Exam date (on or before)	Targeted score release
23-Jul	10-Aug
15-Aug	24-Aug
7-Sep	15-Sep
30-Sep	12-Oct
23-Oct	9-Nov
15-Nov	23-Nov
8-Dec	16-Dec
31-Dec	11-Jan

5. Exceptions to the six-month NTS window include:

a. Texas (90 days)

b. California, Hawaii, Louisiana, and Utah (9 months)

c. Virginia (12 months)

6. The estimated CPA exam score release dates from the AICPA for 2022:

Because the BEC section may require manual scoring on written tasks, CPA exam takers in the earlier part of the year may have experienced delays.

8. How to Schedule Your CPA Exam at a Prometric Testing Centre

The CPA Exam is administered by Prometric Testing Centres, open year-round, 6 days a week, with locations across the U.S. You’ll visit Prometric.com to schedule your US CPA Exam

Prior to visiting the Prometric Website, be sure to have available:

1. Your NTS for eligibility verification

2. A primary photo identification

3. Personal calendar for choosing the date, time, and location to sit for the CPA Exam.

Things you can accomplish on the Prometric Website:

1.Schedule your CPA Exam

2. Locate a Prometric test centre

3. Reschedule your CPA Exam

4. Cancel your CPA Exam

5. Confirm your CPA Exam test date

Once you’ve determined which section to take first, it is recommended that you sit for that part of the exam immediately after studying for that same section. For example, study for FAR and then take FAR, and so on.

8. Steps to schedule your CPA Exam as an International candidate

Note: A Passport is required to test for the CPA Exam at an international location

1.     Apply to sit for the CPA Exam through a State Board of Accountancy that participates in international testing. Visit the NASBA Website for more information.

2.     When you receive your Notice to Schedule, you are then able to schedule your CPA Exam. The NASBA Website provides information on which jurisdictions allow for international testing. If you don’t see your jurisdiction on the NASBA Website, then that means you cannot take the CPA Exam internationally through that jurisdiction.

3.     If your jurisdiction allows international testing, then you’ll pay the international fees and complete your international registration. You will be asked to provide identifying information, as well as information from your NTS.

Note: After you’ve completed the registration process for each CPA Exam section, you’ll need to wait 24 hours before you are able to schedule your Exam. Once you’re ready to schedule your CPA Exam, choose the location where you want to take the CPA Exam.

4.     Choose, “Schedule an Exam.”

5.     Be sure to review and agree to the policy information before proceeding.

6.     You’ll enter your CPA Exam section ID number from your NTS and then enter the first four letters of your last name and choose the bottom right arrow to move ahead.

Note: It’s important to properly confirm your CPA Exam section before moving onto the next section. Also make sure you put in the correct CPA Exam section ID for each section before moving ahead in scheduling.

7.     Choose your location, date and time and then choose “Complete Registration.”

9. Accept data privacy notice

While scheduling the examination, candidates would come across the Data Privacy Notice. They must accept the terms and conditions of the same. At Prometric, the data entered by candidates while registering and scheduling the examination are stored in the central U.S. database. This privacy policy guarantees the protection to all the data stored, confirming no sharing of information with third parties.

10. Important CPA Exam Score Release Information

The AICPA wants you to know the following about your CPA Exam score release date:

All dates and times are based on the Eastern Standard Time (EST) zone. Furthermore, both domestic and international candidates receive their scores according to the same score release timeline. However, international candidates may experience a one-day delay due to extra processing and validation.

For most candidates, Prometric sends exam data files to the AICPA within 24 hours after you complete your exam section. The scores from any exam data files the AICPA receives from Prometric after the AICPA cut-off dates will be released in subsequent scheduled target score release dates.

11. How to check CPA Exam scores

Of course, on the CPA Exam score release day, the most important question is, “How can I check my CPA score?” Well, your US CPA Exam results may come from 1 of 2 sources.

First, your state board of accountancy may utilize NASBA’s online score retrieval service. If so, you can visit NASBA’s website on the CPA Exam score release day to get your score (aka the NASBA Candidate Portal). Not all state boards use this service, so you must check with your state board to determine if they do. You should also consult your state board for answers to any of your other score release questions.

Second, your state board may handle the score release process themselves. In that case, you will receive your exam score from them. Your state board may post the scores on their website and then email you when you have the opportunity to find your score there. Or, your state board may mail your scores to you in a physical letter.

Some larger state boards, such as the California Board of Accountancy (CBA) or the Maryland Board of Accountancy, post scores in the accounts their candidates have for their online exam systems. Additionally, the IL Board of Accountancy also does not utilize the NASBA Candidate Portal for score releases.

Again, check with your state board of accountancy soon so you know exactly where to find your CPA test results on the CPA test score release day. When you sit for BEC, you might receive your score approximately 1 week following the target release date. This delay is the result of the additional analysis written communication tasks sometimes require. If you pass the test, you’ll receive a score notice that states your score, your credit status, and the date on which your credit earned for any passed section will expire.

In contrast, if you failed the test, you’ll receive a performance report. In this report, you’ll see your performance on each content area, as well as by Item Type. You’ll find your score notice and performance report in the NASBA Candidate Portal within 72 hours of receiving your score.

If you earned less than a 75 on the exam and a CPA Performance Report is generated, you’ll be compared to candidates who have just passed the exam.

The AICPA defines just passed as a candidate who earns a score between 75 and 80. What’s more, you’ll receive separate high-level information about your performance on MCQs, written communications (BEC only), and TBSs.

12. US CPA Passing Score

A passing score for any and all test sections is 75. This number is a scaled score. Therefore, it does not represent the percentage of questions you got right. Your test score can range from 0 to 99. Also, the AICPA does not curve exam scores.

The AICPA Board of Examiners (BOE) establishes the assessment passing score. To do so, they consider many factors such as standard-setting study results, historical trends, and exam content changes. They also receive input from NASBA, consultant psychometricians, the academic community, and licensed CPAs.

 Then, the AICPA measures your test performance against these pre-established standards. Additionally, they hold every candidate to these same standards.

For AUD, FAR, and REG, your score is the weighted combination of scaled scores from the multiple-choice questions (MCQs) and task-based simulations (TBSs). For BEC, your total score also includes the scaled score of the written communications (WCs).

13. CPA Exam question scoring weight

Question Type	AUD	BEC	FAR	REG
Multiple-choice questions (MCQs)	50%	50%	50%	50%
Task-based simulations (TBSs)	50%	35%	50%	50%
Written communications (WCs)	n/a	15%	n/a	n/a

Additional CPA exam notes

The timing for your test is an important element in your timeline for becoming a CPA. If you don’t schedule correctly, your study could either be rushed or prolonged. It’s important that you get all of the details in order, as there are several steps you’ll take, each of which could require some waiting.

14. Here are some things to keep in mind that could impact your schedule

·       Be sure you’ve received your NTS before scheduling

·       Remember, you interact with a few different organizations and websites during this process. After your application is submitted to the State Board of Accountancy, they will review documents to confirm your eligibility.

·       Once they accept your application, they notify NASBA. That is when you receive your official Notice to Schedule (NTS).

·       Until you have your NTS, you should not schedule the assessment. If a delay occurs, you could be bumped off of the schedule or have your plans change unexpectedly.

15. 18-month rolling window

Don’t forget that you have 18 months to take and pass all four sections of the CPA exam. You can’t miss this time limit. You may take the sections in any order and space them however you want, but you can’t exceed that time limit. If you do, you will be forced to reschedule and retake the exam sections.

16. What section of the CPA Exam should you schedule first?

One of the most common questions candidates have when deciding to register for the test is: in what order should I take the CPA assessment ? Choosing between the four assessment sections differs by individual and by how the exam content can change each year. Consider how much content you’ll need to learn when deciding which order to take the CPA exam. In general, when considering which part of the CPA exam to take first, most people choose to do the FAR test or AUD test as their first or second choices.

17.You’re now ready to start your CPA Exam journey!

Last but not the least, you need good quality mentoring from a suitable training institute to crack the test at one go. Uplift Professionals, is a premier training institute for test providing online classes powered by reputed and time tested Gleim CPA review materials.

US CPA salary in India ? In India a fresh CPA starts with a minimum salary of INR 6 Lakh annually in a Big4 or MNC. The salary increases at higher rate compared to non-certified peers. Meanwhile, a CFO can earn more than INR 1 Cr annually.

18. CPA Exam Testing Date 2023:

19. CPA Exam: 2024 Test Administration Schedule/Score Release Timeline:

20. CPA Exam Result Date 2023:

21. Summary

By going through the above information, now you might be quite well acquainted with the steps involved for scheduling your CPA exam in 2020. As you make plans to study for the CPA, you should schedule the CPA exam, figure out the dates you want to take the test, and make sure you give yourself enough time. Remember, you interact with a few different organizations and websites during this process. After your application is submitted to the State Board of Accountancy, they will review documents to confirm your eligibility. Until you have your NTS, you should not schedule the CPA exam. If a delay occurs, you could be bumped off of the schedule or have your plans change unexpectedly. Take the exam head on with the right CPA prep.

About the top CPA US Course training institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA, Enrolled Agent US, ACCA UK courses in India, Africa, and Middle East. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Uplift Pro, is an authorized partner of Gleim in India, provides you with authentic Gleim materials, updates and Live Online Interactive Classes for CPA US by internationally experienced veteran mentors. All at an Indian Cost. 

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes ensuring that the regular office working hours is least impacted. Moreover, they provides class recordings.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the US CPA course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

Professionals often face a dilemma when it comes to selecting their accounting career, particularly in India. There are two prestigious accounting credentials namely US CPA and Indian CA. There is no conflict between the these two courses, but some differences exist.

The pertinent question is whether a CPA without CA is really effective in an Indian context ? It often comes to mind whether one can pursue CPA without CA and do such journeys bring effectiveness? The short answer is Yes – one can do CPA US course in India without completing CA which is also very effective. To address this, let’s see the differences between the two courses. 

Difference Between CPA US course and CA

CPA stands for Certified Public Accountant and these exams are conducted by American Institute of Certified Public Accountant (AICPA) and this course takes a minimum of 7 months and a maximum of 1 year to complete.

CA stands for Chartered Accountant. The exams are conducted by Institute of Chartered Accountants of India (ICAI) and this course takes an average of 4 to 5 years to complete.

Most important question is whether CPA US course benefits the career path or CA?

1. There is no clear winner because both qualifications helps to develop technical and accountancy, and business management skills.

2. Both CPA and CA holders tend to be equally spread across commercial and public accounting – so each qualification provides maximum flexibility to work across the industry.

Eligibility Criteria

CPA US course	CA
If you wish to appear for Certified Public Accountant Examination, you need to clear Bachelors in Commerce (B. Com) with a first-class or you need to have a Bachelor’s in Commerce and also a Post-Graduation Degree. If you have Indian CA’s designation with B. Com than also you can appear for CPA examinations. Also, checkout Careers after B.com	If you want to appear for Indian CA Examination you need to appear for Common Proficiency Test (CPT) after appearing in Senior Secondary Examination (recognized by the Central Government of India. CPT Examination is held in June & December every year. Hence the first step you need to do is you need to register for Common Proficiency Test 60 days

It is to be noted that CPA US course are concerned with US auditing and GAAP . CA is concerned with corporate legal needs, taxation, and other difficulties. CPAs have a thorough knowledge of GAAP, which is why many global firms located in the United States hire them.

CPAs are recognized as professionals who perform public accounting and financial services by the AICPA. Having a solid clench of accounting concepts, CPAs appear more professional, experienced, and talented in the accounting field.

Benefits of the CPA License

In is this section, let us discuss the benefits in having a CPA credential, especially for professionals who plan to work with US-based companies.

1. Firstly, the CPAs have a deep understanding of US GAAP (Generally Accepted Accounting Principles) and US federal income tax.

2. Secondly, they are comfortable with other accounting documentation used by companies that are publicly traded on US markets.

In many states, only CPAs can sign an audit report on behalf of an accounting firm. Further, some states dictate that only CPAs can provide compilation services.

Many big corporations strongly prefer their senior financial professionals to have a CPA qualification to show their knowledge and expertise in the accounting field. The CPA license is globally recognized.

Moreover, international employers understand that the content of the CPA Exam focuses on United States accounting laws, regulations, and practices.

What is US CPA ? Why and How to become a US CPA – A complete guide on CPA US Course including Eligibility, Details, Duration, Syllabus, Job & Salary, Exam & Pass rate, Structure of US CPA exam, Fees, etc….continue reading ..

Indian CA

Like CPAs, CAs (or chartered accountants) must pass the CA Exam and meet experience benchmarks that have been established in their country. CAs are experts in the IFRS (International Financial Reporting Standards) and other international accounting standards. T

The role of Indian CAs is very similar to that of CPAs in the United States. However, the main difference is that Indian chartered accountants’ services are limited to India, while the CPA US course credential is recognized around the globe.

Indian CA Eligibility for US CPA Course

Let’s review some common situations for Indian accounting professionals and how they can meet the education requirement for the US CPA.

BCOM Only

The BCOM (or Bachelor of Commerce) is a common degree for Indian professionals wishing to go into the accounting field. The degree is worth about 90 US credit hours, you will need an additional degree or other education hours to get your CPA license. You could consider an MCOM or a related master’s degree in accounting or taxation.

MCOM Only

In case of candidates with master’s degree in an accounting field such as the MCOM (Master of Commerce); they will have no problem in getting qualified for the US CPA exam. The educational level is sufficient to fulfill the general higher education requirements.

BCOM + CA

Professionals having BCOM and the CA credential, however, it is getting a lot tougher to get qualified as a CPA. In the past, some US jurisdictions considered the CA to be worth 40 US education credit hours.

With a 3-year BCOM (equivalent to 90 hours) and a CA (previously equivalent to 40 hours), candidates could reach the 120 hours required to sit for the US CPA exam in most states. Then, they could take a few extra courses to meet the 150-hour requirement to get the CPA license.

Since an overhaul of the standards in 2012, most Boards of Accountancy changed their interpretation of the CA qualification.

Most states view the CA as an “experience qualification” rather than an “academic qualification.”

CPA US Examination Syllabus

CPA US course	CA
1. Exam I: Financial Accounting & Reporting (FAR CPA Exam) 2. Duration: 4 hours 3. Question Pattern: 3 multiple-choice tests (60% weightage) & 7 short task-based simulations (40% Weightage)	1. Level I: Common Proficiency Test (CPT) 2. Duration: Session 1 & 2 (each session 2 hours)Session 1: Fundamentals of Accounting (60 marks), Mercantile Laws (40 marks)Session 2: General Economics (50 marks), Quantitative Aptitude (50 marks) 3. Question Pattern: Objective Type Test for each correct answer 1 mark and for wrong answer negative 0.25
1. Exam II: Auditing & Attestation (AUD CPA Exam) 2. Duration: 4 hours 3. Question Pattern: 3 multiple choice test lets (60% weightage) & 7 short task-based simulations (40% Weightage)	1. Level II: Integrated Professional Competence Course 2. Duration: 7 Papers arranged into Two groups (Each Paper of 3 hours)Group I: Advanced Accounting, Law, Ethics & Communication, Cost Accounting, and Financial Management, Taxation Group II: Advanced Accounting, Auditing & assurance, Information Technology & Strategic Management. 3. Question Pattern: Theory & Practical Based
1. Exam III: Regulation (REG CPA Exam) 2. Duration: 4 hours 3. Question Pattern: 3 multiple choice testlets (60% weightage) & 7 short task-based simulations (40% Weightage)	1. Level III: CA Final 2. Duration: 8 Papers arranged into Two groups (Each Paper of 3 hours)Group I: Financial Reporting, Strategic Financial Management, Advanced Auditing & Professional Ethics, Corporate & Allied Laws.Group II: Advanced Management Accounting, Information Systems Control & Audit, Direct Tax Laws, Indirect Tax Laws. 3. Question Pattern: Theory & Practical Based
1. Exam IV: Business Environment & Concepts (BEC CPA Exam) 2. Duration: 4 hours 3. Question Pattern: 3 multiple choice testlets (85% weightage) & 3 written simulations (15% weightage).

Career Opportunities

CPA US course	CA
CPA designation will open a door of wide varied options. After getting your CPA certification you can work under various accounting fields such as International Accounting, Internal & External Auditing, Consulting Services, Forensic Accounting, Assurance services, Taxation & Financial Planning, etc. With its global recognition, you will find the best place to work anywhere in many countries.	Similarly, CA Designation will also provide you many options in the specialized areas of accounting such as Auditing, Taxation, Corporate Finance, Corporate Laws. After getting your CA Certification you can either work in the existing top firms of Accountancy or you can start your own independent professional practice.

Salary Comparison

CPA US course	CA
The average salary earned by the CPA Professionals (in India) is found to be INR 7,68,552 per year.  Most people move on to other jobs if they have more than 10 years’ experience in this field.	A Chartered Accountant (in India) earns a salary of INR 6,08,976 per year on an average. Skills that are associated with high pay for this job are Evaluation and Management Auditing, Budget Management, Financial Analysis, Strategic Accounts, and Financial Advisor. People in this job generally don’t have more than 10 years’ experience. Experience strongly. Influences income for this job.

Demand for US CPA course is Increasing in India

In the past few decades, many multinational companies have increased presence in India. Often, the financial reporting of Indian business needs to be integrated with global accounts (US GAAP or IFRS).

As a result, accounting professionals need to be familiar with multiple standards.

In the past, MNC’s relied on Indian CAs for accounting services. On-the-job trainings ensured that Indian accounts met the US GAAP standards .

However, many Indian CAs received inadequate training and supervision in US standards. Therefore, errors and inconsistency were common in accounting reports . Further, these oversights created issues with the SEC (U.S. Securities and Exchange Commission) and other US regulatory bodies.

CPAs are needed for US GAAP reporting and for general controller roles for US subsidiaries in India. Global Indian companies publicly listed in the US require US CPAs for quarterly and annual financials. They rely on CPAs for conformity with the Sarbanes-Oxley Act and other compliance reporting.

Practical benefits of US CPA course – Becoming a CPA US in India is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. Further reading.…

Conclusion

Going back to the essence of the topic, the answer is yes.

CPA without CA is quite effective in terms of career. Both courses have their own pros and cons. It is not an easy task to opt between CPA & CA as both have a successful career.

Candidates planning to work abroad or in a multinational company, should consider CPA US course. Alternatively, if you want to start your own audit practice in India, opt for CA.

CAs have an edge over CPAs in the areas of taxation and corporate laws. Professionals planning to work for a company which is traded on the US market, should consider acquiring the CPA US course.

Considering the longer duration and low pass rate in CA exam, US CPA offers a fruitful and valid option for Indian accounting professionals .

It can be stated that CPA without CA is equally effective in career building potential of accounting professionals. US CPA course can stand alone without the CA as the credential and career scope of the former is global.

US CPA Exam 2021 – New Updates In 2020, the US CPA exam in India had few changes; the most prominent change was the introduction of the CARES Act to the REG section effective in Q4 2020. In 2021, the US CPA Exam will undergo additional changes, mainly to the AUD & BEC sections, with minor revisions to the remaining two sections – FAR & REG….continue reading

About the top CPA US Course training institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA, Enrolled Agent US, ACCA UK courses in India, Africa, and Middle East. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Uplift Pro, is an authorized partner of Gleim in India, provides you with authentic Gleim materials, updates and Live Online Interactive Classes for CPA US by internationally experienced veteran mentors. All at an Indian Cost. 

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes and class recordings ensuring that the regular office working hours is least impacted.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the  CPA US course

E. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

F. Administrative guidance on US CPA evaluation procedure

G. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

CPA stands for Certified Public Accountant and these exams are conducted by American Institute of Certified Public Accountant (AICPA) . The CPA takes a minimum of 7 months and a maximum of 1 year to complete.

On the other hand, CA stands for Chartered Accountant and these exams are conducted by Institute of Chartered Accountants of India (ICAI) and this course takes an average of 4 to 5 years to complete.

The key question that arises is whether the CPA benefits the career path or CA? There is no clear winner because both qualifications will help to grow the technical, accountancy and business management skills of a professional accountant. Moreover, both CPA and CA holders tend to be equally spread across commercial and public accounting – so each qualification provides maximum flexibility to work across the industry.

Still the question comes to mind which is better among the two? One might be in a dilemma in selecting the right credential CA or CPA? Since the choice between CA and CPA is a big career decision, lets make a discussion which help one to take an informed decision on the same line also to look on the advantage of Indian CAs to opt for Canadian or Australian CPAs as an alternative to CPA US course.

CPAs and CAs are both highly qualified accountants that operate within a rigorous code of conduct. Broadly speaking, CAs tend to have a greater focus on the technical aspects of accounting and a deeper understanding of complex taxation matters. CPAs focus on accounting and business management as a whole.

Every business needs a good accountant, making it one of the most stable industries you can get into. But if you’d like the freedom to explore even more job opportunities in the future, then you should consider specializing as a certified practicing accountant (CPA) or a chartered accountant (CA).

CPAs and CAs do similar things with some big differences. A CPA or Certified Public Accountant can be defined as a qualified accountant certified by the AICPA (American Institute of Certified Public Accountants), having the highest level of competence in domains like finance, accountancy, and financial information services. A CPA is an international degree and the same as a lot of significance in English-speaking countries.

On the other hand, a CA can be defined as a Chartered Accountant certified by the ICAI (the Institute of Chartered Accountant in India), having expertise in finance and accountancy. A CA is a Chartered Accountant in India, and an aspirant can enroll for this course right after clearing his class 12 examinations.

1. Key Differences Between CPA vs CA :- At a Glance

The key differences between a Certified Public Accountant (CPA) and a Chartered Accountant (CA) are provided below:

1.CPA stands for Certified Public Accountant, whereas CA stands for Chartered Accountant.

2. CPA being an international degree, is recognized worldwide, whereas CA being an Indian degree, is majorly recognized in India and to some extent in a few Middle Eastern countries

3. American Institute of Certified Public Accountants or AICPA offers a CPA course, whereas the Institute of Chartered Accountants in India OR ICAI offers a CA course.

4. A CPA course is comparatively expensive as compared to a CA course.

5. An individual holding a CPA degree will be entitled to receive more salary as compared to an individual holding a CA degree.

6. A CPA course is not that difficult as compared to a CA course.

7. A CA course takes more time to complete in comparison to a CPA course. The minimum time taken for an aspirant to clear CA is around 4 to 5 years, whereas the minimum time taken by an aspirant for the completion of a CPA course is 7 months, and the maximum taken is one year.

8. The exams in CPA are conducted online, whereas the exams in CA are conducted offline.

9. Article-ship for a minimum of three years under a Chartered Accountant firm is mandatory in CA for an aspirant to attain his or her CA license, whereas the same is not applicable in the case of the CPA course.

10. CPA is a one-time online exam, whereas CA exams are executed at 4 different levels- Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC OR IPCE), article-ship for three years under a CA firm, and final exam.

11. CPA covers International Financial Reporting Standards (IFRS) as well as US Generally Accepted Accounting Principles (GAAP), whereas CA covers Generally Accepted Accounting principles (GAAP).

2. Eligibility Criteria

A. CPA

1. You need to clear Bachelors in Commerce (B. Com) with a first-class or you need to have a Bachelor’s in Commerce and also a Post-Graduation Degree.

2. And if you have Indian CA’s designation with B. Com than also you can appear for CPA examinations.

B. CA

If you want to appear for Indian CA Examination,

1. You need to appear for Common Proficiency Test (CPT) after appearing in Senior Secondary Examination (recognized by the Central Government of India).

2. CPT Examination is held in June & December every year, so the first step you need to do is you need to register for Common Proficiency Test 60 days prior to the test i.e., on or before 1st April & 1st October.

3. Career Opportunities

A.CPA

CPA designation will open a door of wide varied options. After getting your CPA certification you can work under various accounting fields such as

·       International Accounting, Internal & External Auditing

·       Consulting Services, Forensic Accounting

·       Assurance services, Taxation & Financial Planning, etc. With its global recognition, you will find the best place to work anywhere in many countries. See the list of Top Accounting firms

B.CA

Similarly, CA Designation will also provide you many options in the specialized areas of accounting such as

·       Auditing, Taxation, Corporate Finance, Corporate Laws.

·       After getting your CA Certification you can either work in the existing top firms of Accountancy or you can start your own independent professional practice.

4. Salary Comparison

A. CPA

The average salary earned by the CPA Professionals (in India) is found to INR 7,68,552 per year.  Most people move on to other jobs if they have more than 10 years’ experience in this field.

B. CA

A Chartered Accountant (in India) earns a salary of INR 6,08,976 per year on an average. Skills that are associated with high pay for this job are Evaluation and Management Auditing, Budget Management, Financial Analysis, Strategic Accounts, and Financial Advisor. People in this job generally don’t have more than 10 years’ experience. Experience strongly influences income for this job.

5. Roadmap for CA to CPA Australia: Mutual Recognition Agreement

CPA Australia has a Mutual Recognition Agreement (MRA) with ICAI.

Pathway to CPA membership

The following steps demonstrate the pathway to Associate CPA membership for full members of ICAI under the conditions of the current MRA.

1.     Eligibility

You may be eligible to apply for Associate CPA Australia membership if you:

1.1 Are a member of good standing with ICAI and not currently subject to any disciplinary sanctions or investigations

1.2 Did not gain entry to ICAI membership through another MRA, any other similar pathway agreements or any special member pathway

1.3 Have successfully completed the ICAI exams and the ICAI practical experience requirements

1.4 Hold a university degree recognized by the Australian Government Department of Education, Skills and Employment as being at least equivalent to Australian bachelor degree level. Or

1.5 Have at least five years’ work experience in professional accounting.

Upon verification of application, once you become an Associate member of CPA Australia, you must successfully complete the following course and subject:

·       Better Practice in Governance and Accountability (Online)

·       Global Strategy and Leadership subject of the CPA Program

When complete, you will advance to CPA status, receive a CPA certificate and will then be able to use the letters CPA after your name.

6.Roadmap from CA to CPA Canada: Memorandum of Understanding (MOU)

If you are a fully qualified member of the Institute of Chartered Accountants of India (ICAI), learn how you can earn your Canadian CPA designation.

CPA Canada has finalized the Memorandum of Understanding (MOU) on Reciprocal Membership Arrangement with the Institute of Chartered Accountants of India (ICAI) on behalf of the CPA provincial and territorial bodies and the Chartered Professional Accountants of Bermuda.

If you are a fully qualified ICAI member in good standing (obtained a membership through completion of the accounting body’s qualification process and not through a recognition agreement with another accountancy body), and you obtained your designation while not a resident of Canada, you may have rights to advanced standing in the CPA certification program through the MOU. Please note that MOU pathways generally lead to certification only. The right to practice public accounting may require additional examination and/or experience requirements.

1.Education and examination

ICAI members seeking their Canadian CPA designation under this agreement are:

1.1 Exempted from all CPA Professional Education Program (CPA PEP) modules, but are strongly encouraged to complete Capstone 1 and Capstone 2 (completion of these modules is not mandatory)

1.2 Required to pass the Common Final Examination

2. Experience

Assessment of experience for certification is determined by post qualification experience as an ICAI member. All members with:

2.1 More than five years of post-qualification experience and no recognized university degree are exempt from assessment of experience

2.2 More than two years of post- qualification experience and a recognized degree are exempt from assessment of experience

2.3 Applicants with less than specified post-qualification experience will be subject to a review of their practical experience obtained pre- and post-qualification.

2.4 All relevant experience must have been gained as a member or student of the Institute of Chartered Accountants of India.

7.Conclusion

It is noteworthy that Indian CAs has avenues to get both Australian and Canadian CPA without taking any extra exam. Thanks to the MRA/MOU systems. Things are not like that for CPA US course . There is no such system exist between AICPA and ICAI at present.

Considering the value and outcome, CPA US course stands atop the Canadian and Australian CPAs. Taking into account the Indian CA and CPA US course, it can be stated that both designations have their own pros and cons, it is not an easy task to opt between CPA & CA as both have a successful career.

If you are interested in working abroad or in a multinational company, then you should opt for a CPA. Alternatively, if you want to start your own audit practice in India, opt for CA. Additionally, the CA exam is less costly as compared to the CPA examination.

When taking decision it has to be kept in mind that CPA US course is a global credential where the door is wide open for a successful candidate to get job in MNCs with coveted recognition while the same door is quite narrow for an Indian CA. Hence, obtaining a CPA US course certification even after completion of CA appear highly beneficial.

What is US CPA ? Why and How to become a US CPA – A complete guide on CPA US Course including Eligibility, Details, Duration, Syllabus, Job & Salary, Exam & Pass rate, Structure of US CPA exam, Fees, etc….continue reading ..

About the top CPA US Course training institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA, Enrolled Agent US, ACCA UK courses in India, Africa, and Middle East. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Uplift Pro, is an authorized partner of Gleim in India, provides you with authentic Gleim materials, updates and Live Online Interactive Classes for CPA US by internationally experienced veteran mentors. All at an Indian Cost. 

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes and class recordings ensuring that the regular office working hours is least impacted.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the  CPA US course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

Generally, when we use the term CPA we think of CPA US Course. This is because the CPA US is most widely accepted and in great demand thanks to US Companies all over the world. However, most countries have their own accounting qualifications like Canada has CPA Canada, Australia has CPA Australia and so on.

A Certified Practicing Accountant (CPA) is a finance, accounting and business professional with a specific qualification. Being a CPA is a mark of high professional competence. It indicates a soundness in depth, breadth and quality of accountancy knowledge. CPAs are highly respected by employers and members. It provides members with an internationally recognized qualification as well as the opportunity to complete specialist training and continuing professional development (CPD).

1. CPA Australia

To use the CPA designation in Australia, a member must:

A. Complete a degree or a postgraduate award recognized by CPA Australia

B. Complete the CPA Program, including three years of professional experience in finance, accounting or business undertake CPD activities each year

C. Comply to a strict code of conduct set by CPA Australia.

D. To offer public accounting services, CPAs must also complete CPA Australia’s Public Practice Program and hold a Public Practice Certificate in accordance with the CPA Australia’s By-Laws.

CPA Australia is a two-part journey having a foundation program, followed by the CPA program as mentioned below:

1.1 The Foundation Program:

1. The focus of the Foundation Program is to – Impart the basics and covers 6 major areas (which are further divided into courses) including Economics, Accounting, Business Law, Finance, Financial Accounting & Reporting, and Management Accounting.

2. Depending on whether you have a graduate degree in accounting & finance, overseas graduates will have to appear for a few courses of study within this.

3. The foundation exams cover the knowledge required to become an Associate member of CPA Australia.

4. They can be taken in any order, at your choice of exam location and time.

1.2 CPA Program:

1. Upon successful completion of the Foundation Program, the main CPA Program starts.

2. The CPA Program consists of 4 compulsory subjects + 2 electives + An experience component.

3. The CPA Program, like any CA/CPA program, is extensive.

4. And similar to most such programs, the experience component (article-ship) is of a mandatory 36 months duration.

5. Subsequent to the successful completion of CPA Program requirements, you become a CPA.

6. Depending on the courses you are required to undertake in the Foundation Program, the total program stretches from anywhere between 3-4.5 years.

1.3 Switch over from CPA Australia to CPA US Course and Vice versa

CPA Australia has a Mutual Recognition Agreement (MRA) with the International Qualifications Appraisal Board (IQAB) representing AICPA and NASBA. Under this MRA, a CPA Australia member may be eligible for the CPA US credential if they are a citizen of Australia or New Zealand, or a holder of a Visa granting legal residency in Australia or New Zealand. They must also be a member in good standing of CPA Australia and meet additional criteria for prior education, relevant CPA Program examinations, practical experience and continuing professional development.

Members of CPA Australia seeking to obtain the US CPA credential via this agreement can visit the NASBA website for specific eligibility requirements. The following steps demonstrate the pathway to CPA membership for holders of a US CPA credential, under the conditions of the current MRA.

Step 1: Determine your eligibility

You may be eligible to apply for CPA Australia membership if you:

a. are a current member of good standing with a State Board and not under any investigation for professional conduct infringements

b. did not obtain the US CPA credential under a mutual recognition agreement, reciprocal membership agreement, or other similar agreements which the IQAB may have/had at any time

c. have successfully completed the Uniform CPA Examinations

d. hold a baccalaureate or higher degree

e. have satisfied the experience requirement of the relevant State Board.

Step 2: Apply

a. Complete online application and submit it with the required documentation, including your application and membership fee.

b. In your application, nominate AICPA or NASBA as the professional body with whom you studied and hold membership.

Step 3: Verification and outcome of your application

Your application will take approximately 10 to 15 working days to verify. They will send you an email informing you of your assessment outcome.

1.4 Agreement gives US CPAs path to Australia, New Zealand audit rights

Qualified CPA US’s are eligible to obtain a credential that is a pathway for obtaining audit rights in Australia and New Zealand under a mutual recognition agreement (MRA) that has been renewed.

The AICPA and the National Association of State Boards of Accountancy (NASBA) renewed their MRA with the Chartered Accountants of Australia and New Zealand (CA ANZ). The AICPA and NASBA had signed an MRA with CPA Australia in July 2018, so qualified CPA US’s have two paths to licensure in Australia and New Zealand.

Under the renewal, qualified CPA US’s may obtain the CA ANZ credential if the holders meet eligibility requirements detailed in the appendices of the MRA. CA ANZ credential holders who are citizens or legal residents in Australia or New Zealand are eligible to obtain the CPA US credential if the holders meet the eligibility requirements described in the MRA’s appendices.

2. The Canadian CPA Designation

To become a Canadian CPA, students must meet the academic prerequisites, complete the CPA Professional Education Program (PEP), pass the Common Final Exam (CFE), and obtain 30 months of qualifying practical work experience. This is the case for a majority of students but there are a few exceptions. For example, internationally trained accountants can challenge the CFE and transfer their credentials to the Canadian CPA without having to go through the entire program. This is covered under CPA Canada’s Memoranda of Understanding (MOU).

The four requirements to becoming a Canadian CPA (prerequisites, PEP, CFE, and work experience) are part of the CPA certification program. The educational component, called PEP, consist of six, 8-week modules. I find the first two modules (Core 1 and 2) to be the most challenging because of the breadth of topics tested. Fortunately, each module is taken separately, except in the fast-track modules where two modules can be taken simultaneously.

The first four modules (the Cores and Electives) have exams made up of cases and objective-format questions (MCQs). Students entering PEP from university find the cases challenging because of their integrative nature and ambiguous requirements. Case-based exams are only part of the Canadian CPA pathway, which is perhaps why the Canadian CPA is called one of the world’s most rigorous programs. The CFE is offered once or twice per year and has an average 75% pass rate. The CFE is marked based on displaying competencies and average performance.

3. The CPA US Course Credentials

To become a CPA US, students must fulfil educational requirements, pass four 4-hour exams, complete an ethics exam (if required by state), and obtain required work experience (if required by state). These four requirements (education, exams, ethics, experience) are known as “the four Es.”

Note: While the Canadian CPA program has six modules and a CFE, the CPA US course has only four section exams:

·       Auditing and Attestation (AUD)

·       Business Environment and Concepts (BEC)

·       Financial Accounting and Reporting (FAR)

·       Regulation (REG)

Candidates take the four sections during four testing windows throughout the year. To pass, candidates must score a minimum of 75 out of 100 on each part. The four exams, which are called the Uniform CPA Exam, have an average 53% pass rate, much lower than the Canadian exam pass rates.

Unlike the Canadian CPA exams, the US CPA exams are made up of multiple-choice questions (MCQs), task-based simulations (TBS) and small written communications (WCs). There are no lengthy cases, no integrative required, and no final, multi-day exams to tackle. While the Canadian CPA program takes 24-30 months to complete, the US CPA exams have a strict 18-month deadline to complete. Let’s summarize the two options.

US CPA Exam 2021 – New Updates In 2020, the US CPA exam in India had few changes; the most prominent change was the introduction of the CARES Act to the REG section effective in Q4 2020. In 2021, the US CPA Exam will undergo additional changes, mainly to the AUD & BEC sections, with minor revisions to the remaining two sections – FAR & REG….continue reading

4. Choosing the right program: Canadian vs. the CPA US Course

If you are interested in working as an accountant in the U.S., it’s best to pursue the CPA US course credential. You will learn U.S. GAAP and prepare yourself for an American career. It’s also quicker and more cost effective.

If you are interested in working and staying in Canada, you should pursue the Canadian CPA program. It’s a prestigious and highly respected designation that prepares you for an accounting career in Canada. It also has higher pass rates and facilitated modules. You have three attempts at the module exams and the CFE, so, if you are unsuccessful three times, you may consider attempting the CPA US course.

Despite the lower pass rates, the US CPA exams are somewhat easier due to the objective format of the questions and extended exam windows. Once you obtain your CPA US course credentials, you can either keep it or transfer to the Canadian CPA, but the process is complicated for CPA US’s who are, or have been, Canadian residents.

Practical benefits of US CPA course – Becoming a CPA US in India is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. Please follow the link for further reading.

4. Switch Over from CPA US course to the Canadian CPA designation

Transferring your credentials to the Canadian CPA has many advantages. Many employers in Canada look for the Canadian CPA designation. For example, for Canadian positions that require financial reporting and tax analysis, Canadian CPAs have the upper hand in the selection process.

On the other hand, with the CPA US course, you can apply for positions such as senior financial analyst or business analyst and have the same advantage as a Canadian CPA — your work experience will take precedence. If you keep your CPA US course, you can designate the CPA letters after your name once you receive approval from your provincial CPA body. If you decide to transfer, make sure to read CPA Canada’s eligibility and transfer steps. Most Canadians will not be eligible to transfer because, assuming you were a Canadian resident while completing the US CPA exams, you will be required to have:

1. A university degree in the U.S. from having attended in person on a full-time basis,

2.Have at least one year of full-time practical experience in accounting in the U.S.

This means you must physically study or work in the U.S. to transfer your credentials. You cannot use a CPA US as a “shortcut” to attain the Canadian CPA designation.

What is US CPA ? Why and How to become a US CPA – A complete guide on CPA US Course including Eligibility, Details, Duration, Syllabus, Job & Salary, Exam & Pass rate, Structure of US CPA exam, Fees, etc….continue reading ..

5.How to decide which CPA should you go for?

Generally, when we use the term CPA we think of CPA US course. This is because the CPA US course is most widely accepted and in great demand thanks to US Companies all over the world. However, most countries have their own accounting qualifications like Canada has CPA Canada, Australia has CPA Australia and so on.

5.1 When you have to decide which CPA to pursue, Australia or USA? –

1. Understand where you want to work and the DEMAND of the degree in your country.

2. Like the CPA US course is done by a lot of people because US companies are spread all over the globe and thus there is a job opportunity.

3. Anyone intending to move to Australia should consider CPA Australia or anyone considering working in an Australian firm based in India (or anywhere in the world) should consider CPA Australia.

4. Similarly, anyone looking at working in a USA Company should consider CPA USA and the same for CPA from any other country.

5. A course like CPA should ideally be followed by a work stint in the same country so you can understand the application side better.

6. The main reason is that CPA courses are more country-specific unlike other streams of study like MBA or Engineering.

7. If one is studying CPA Australia the course would cover the Accounting Standards applicable in Australia. Not only do Accounting Standards (AS) differ but the difference gets even more as you graduate to Auditing with its country-specific standards and equally if not more so in Taxation.

So, depending on your long-term goals you can choose the right CPA to meet your needs!

6. Which CPA to Pursue? USA or Canada?

If you are interested in working as an accountant in the U.S., it’s best to pursue the CPA US course credential. You will learn U.S. GAAP and prepare yourself for an American career. It’s also quicker and more cost effective.

If you are interested in working and staying in Canada, you should pursue the Canadian CPA program. It’s a prestigious and highly respected designation that prepares you for an accounting career in Canada. It also has higher pass rates and facilitated modules.

US CPA exams are somewhat easier due to the objective format of the questions and extended exam windows. Once you obtain your CPA US course credentials, you can either keep it or transfer to the Canadian CPA, but the process is complicated for CPA US’s who are, or have been, Canadian residents. Transferring your credentials to the Canadian CPA has many advantages. Many employers in Canada look for the Canadian CPA designation. For example, for Canadian positions that require financial reporting and tax analysis, Canadian CPAs have the upper hand in the selection process.

On the other hand, with the CPA US course, you can apply for positions such as senior financial analyst or business analyst and have the same advantage as a Canadian CPA — your work experience will take precedence.

7. Summary

Think about your desired career path, the costs and benefits of cross-border work experience, and the educational requirements of each program before making the decision. If you’re interested in growing in a role that doesn’t require financial reporting nor tax analysis, either of the CPA programs may be sufficient.

If you want to stay and work in Canada, then without a doubt pursue the Canadian CPA designation or go for CPA US course as it has lesser number of papers and then apply for a Canadian CPA license through their mutual reciprocity arrangement or MOU. With over 200,000 members, you will become part of one of the largest accounting organizations in the world, learn in-depth the Canadian accounting frameworks, and become a well-paid professional with an accelerated career growth. 

Similarly, if you want to settle in Australia, go for Australian CPA or use  It is always best to pursue CPA or equivalent courses in the country of that certification. Again, as mentioned above anyone intending to move to Australia should consider CPA Australia or anyone considering to work in an Australian firm/company based in India (or anywhere in the world) should consider CPA Australia or go for CPA US course and take advantage of the MOU. 

As a whole, by going through the above information , it can be stated that for an international candidate CPA US course is more preferable due to its wide acceptance, more job prospects and switch over facilities or MOUs between AICPA and the CPA Australia and CPA Canada bodies.

About the top CPA US Course training institute in India, Africa, and Middle East – Uplift Pro

Uplift Pro is one of the top training institutes for the US CPA, US CMA, US CIA, Enrolled Agent US, ACCA UK courses in India, Africa, and Middle East. Our team consists of seasoned professionals and entrepreneurs from IIEST, IITs, London Business School, and ULCA who have decided to provide a strong backup to young ambitious students and professionals to reach their desired career destinations in an organized way.

Uplift Pro, is an authorized partner of Gleim in India, provides you with authentic Gleim materials, updates and Live Online Interactive Classes for CPA US by internationally experienced veteran mentors. All at an Indian Cost. 

Some of our exclusive features include –

A. Affordable US CPA course fees

B. CPA certified veteran TEAM of faculties

C. Live online classes and class recordings ensuring that the regular office working hours is least impacted.

D. 1:1 personal support from our 30 plus years of experienced CPA certified faculties ensuring that all our students pass the  CPA US course

E. “Till you pass” guarantee assuring that students can attend our live online classes at no extra cost until you pass

F. Premium study materials with practice questions bank enabling students to pass the US CPA exam in India and rest of the world

G. Administrative guidance on US CPA evaluation procedure

H. Placement assistance

Request for Live Demo class / contact at +91-8787088850 to book your seats now.

ACCA stands for Association of Certified Chartered Accountant is a Chartered Accountant degree which is given by Association of Chartered Accountant with headquarters situated at London. The role of Work is related to inspection of accounting services to the public, private entities

CPA US course stands for Certified Public Accountant and the degree is provided by the American Institute of Certified Public Accountants (AICPA).  The field of work is related to license to accounting services to the public. To maintain the law and procedure these specialized degree holders are required to guide individuals, Small and mid-size firms and MNCs. When pertinent question arises which course, are you planning to do further, ACCA certification or US CPA exam? Will you be aiming to do both in the future? If you are confused about your plans just have a look in this article.

1.What is ACCA?

The ACCA or the Association of Chartered Certified Accountants is a body that recognizes the qualification of a CA. ACCA is a global body based in Glasgow UK which works in the interest of the public to ensure that the chartered accountants work according to the principles-based and ensures that the regulations set are properly followed.

The ACCA offers the certification in chartered accountancy and the exam known as ACCA is most recognized in the commonwealth countries. The degree was given with the intention to give protection.

The ACCA Exam consists of 14 papers and emphasis is given on the core values of integrity, accountability, diversity, and innovations, etc. The degree is accepted globally across 180 countries. The Degree has its own reputation of one hundred years and the professionals have provided services to more than 7500 employers across a different field. The 3 important steps of ACCA are applied knowledge (Diploma), Applied Skills (Advance Diploma) and essentials.

Both ACCA and CPA US course are highly qualified Accounting courses designed for professionals who are interested in making a career in Accounting, Taxation, Auditing, and Finance.

2.What is CPA US course?

The American Institute of Certified Public Accountants (AICPA) holds the Certified Public Accountant (CPA US course) exam which is recognized across the globe for its competence. The AICPA is the largest accounting body in the world and anyone who wishes to work in the US or has to work with US-based clients requires taking the examination held by the AICPA. 55 states in the US have been granted the license to conduct the CPA certified exams. Each state has its own licensing requirements and pattern of the exam as none of them is controlled by any centralized body.

CPA US course can also choose any stream in Finance Field starting from Management Accounting, Financial Analyst, Auditing, Taxation, Finance Controlling, etc. The course itself includes Uniform Certified Public Accountant Examination organized by AICPA and after the exam is passed there are certain procedures which include certain ethics and the candidates have to abide by the regulatory framework guided by the respective governing body.

The professionals are entitled to Audit for Federal and State levels and can act as consultants who could guide several business houses and can act as consultants of several small and mid-size firms, for tax and audit purposes also.

Practical benefits of US CPA course – Becoming a CPA US in India is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. Please follow the link for further reading.

3. CPA US course vs ACCA: Application & Qualification

The most significant differences between ACCA and CPA are in the qualifications and the application processes.

3.1 CPA US course

For US CPA course candidates must have a minimum of a 4-year bachelor’s degree and preferably a master’s degree to get a US CPA license. Almost all jurisdictions require CPAs to have at least 150 credit hours of higher education, equivalent to 5 years of full-time study (or a US master’s degree).

Before you can even sign up to take the exam, your state board will review your educational background. Then, once you are approved for the exam and receive your Notice to Schedule (NTS), you are on your own to get prepared. It is to be noted that the US CPA exam is a “qualifying exam,” not a “program.” In programs such as the ACCA and CIMA, you can get textbooks from the exam administrator, follow a syllabus, and study accordingly. CPA State Boards do not provide any courses or study materials for the US CPA Exam. In addition to passing the US CPA Exam (and an ethics exam in some states), candidates must also have 150 hours of education and at least one year of qualified experience.

3.2 ACCA

The ACCA entry level is much lower than the CPA US course. Plus, the ACCA has two entry points depending on your education and experience. The ACCA labels these levels as “ACCA Foundations in Accountancy” and the “ACCA Qualification” level.

The foundation level is for people who are new to accountancy and don’t have an education threshold. It’s also the best place to start for people working in finance but who don’t have adequate education levels or qualifications to apply for higher-level positions. The exams at the Foundations level test your understanding of basic accounting principles. Basically, the ACCA feels that you should have mastered these topics before going for the ACCA Qualification exams.

If you’re passing the ACCA exam after CPA, you probably already have this level of knowledge. If you have more experience and/or education, you can start at the ACCA Qualification level.

The ACCA’s exact requirements state that you can begin at this level “as long as you have 3 GCSEs and 2 A Levels in 5 separate subjects including maths and English.” Basically, this means you need a bachelor’s or master’s degree. However, if you only have a high school diploma, you can begin the ACCA Qualification exams if you pass the ACCA Advanced Placement Examination. This test analyzes your proficiency in the material that appears in the ACCA Foundations of Accountancy program.

Unlike the US CPA, once candidates are registered, ACCA takes an active role in preparing you for the exam by providing study guides and sample exam papers. They also maintain a database of ACCA Approved Learning Partners. In addition to passing all papers for the ACCA Qualification, candidates must also take the Ethics and Professional Skills module. Additionally, they need to gain 3 years of appropriate work experience before calling themselves ACCA-certified.

4. CPA US course vs ACCA: Exam Content and Format

4.1 ACCA

The ACCA Qualification has several smaller exams to pass, called “papers.” The ACCA exam is divided into 13 papers as follows:

Applied Knowledge

• 1. Accountant in Business
• 2. Management Accounting
• 3. Financial Accounting

Applied Skills

• 1. Corporate and Business Law
• 2. Performance Management
• 3. Taxation
• 4. Financial Reporting
• 5. Audit and Assurance
• 6. Financial Management
• 7.Strategic Professional – Essentials
• 8. Strategic Business Leader
• 9.Strategic Business Reporting

Strategic Professional – Options (complete 2)

• 1. Advanced Financial Management
• 2. Advanced Performance Management
• 3. Advanced Taxation
• 4. Advanced Audit and Assurance

Candidates can apply to waive some papers based on their education levels. Or, they can take the “Certified Accounting Technician Qualification” assessment to waive some papers according to practical experience.

However, please note that you can only receive a maximum of nine exemptions for the Applied Knowledge and Applied Skills papers. Plus, you cannot receive any exemptions for the Strategic Professional portions. So, all candidates must sit for those papers. If you think you might qualify for any exemptions, you can use this tool from ACCA Global to find out. Some—but not all—papers are computerized. Furthermore, the exam is offered four times a year at more than 500 testing centres worldwide.

4.2 CPA US course

The US CPA Exam has 4 parts:

• 1. Financial Accounting & Reporting (FAR)
• 2. Auditing & Attestation (AUD),
• 3. Regulation (REG),
• 4. Business Environment & Concepts (BEC).

The exam is 100% computerized consisting of multiple-choice questions and task-based simulations (similar to case studies). BEC has an additional section for written responses or short essays called Written Communications.

Grading is mainly computerized, even for written communications. You can choose to take the 4 parts separately, 2 at a time, or even 4 at the same time. Although you had to wait for specific “CPA testing windows” in the past, you can now sit for the exam any time during the year. You take the exam at Prometric testing centres, which are located throughout the US and several other countries including India.

US CPA Exam 2021 – New Updates In 2020, the US CPA exam in India had few changes; the most prominent change was the introduction of the CARES Act to the REG section effective in Q4 2020. In 2021, the US CPA Exam will undergo additional changes, mainly to the AUD & BEC sections, with minor revisions to the remaining two sections – FAR & REG….continue reading

5. CPA US course vs ACCA: How Much Time You Need To Pass?

5.1 ACCA

Given the number of papers to pass, candidates generally need 3 to 4 years to complete all papers and become ACCA members. Candidates can sit for the papers during four exam sessions held each year.

However, candidates can only take four exams per session and a max of eight papers in a year. So, in theory, you could pass all papers in 2 years. But because of logistics issues, most need 3-4 years. Plus, candidates need 3 years of work experience before receiving their ACCA credentials.

5.2 CPA US course

Most candidates aim to pass the US CPA exam within 12 to 18 months. After all, once candidates pass the first of their 4 US CPA Exam sections, they must pass the other 3 within 18 months. Candidates who have the time and commitment to study can take all exam parts in one go.

In that case, you can complete the exams within 3 to 6 months. However, please note that this timeframe requires a substantial study commitment. If you might go this route, I suggest reading about how long it takes the pass the US CPA Exam.

How to surmount the US CPA exam – the integral steps |Uplift Pro :-The unified US CPA exam in India conducted by AICPA is the gateway to achieve the hallmark in public accounting in a global perspective. The strategic steps to pass the US CPA exam in India include…continue reading…..

6.CPA US course vs ACCA: Reciprocity and Exemptions

6.1 ACCA

If someone is already a CPA, can they become an ACCA member? Well, ACCA is more generous in this regard — ACCA grants exemptions to AICPA members for several of the papers. If you are a holder of the US CPA credential, you are subsequently a member of the AICPA. Moreover, AICPA members may be able to skip the Foundations of Accountancy papers. You can check out the exemptions CPAs will receive who are interested in becoming ACCA members.

6.2 CPA US course

The US has mutual recognition agreements with 8 accounting bodies in the world. To gain a US CPA license, their members can take a simplified version of the US CPA exam known as the IQEX. However, please note that the ACCA is not among these 8 accounting bodies. Therefore, there is not an MOU for CPA, and ACCA and ACCA members do not qualify for CPA exemptions. So, if you hold an ACCA certification, you are MUST complete the CPA requirements, including 150 hours of college education (5 years).

Many ACCA members have passed the US CPA exam. However, since ACCA does not have a recognition agreement with either the National State Boards of Accountancy (NASBA) or the AICPA, ACCA members with advanced degrees find it less challenging to qualify to sit for the US CPA Exam. ACCA members with master’s degrees or higher must also have a minimum number of accounting and business courses (this number will vary by jurisdiction, and there are 55 in the United States).ACCA members without advanced degrees will need to seek education from a degree-granting institution.

7. CPA US course vs ACCA: Which is Easier?

What test is tougher– ACCA or CPA? Honestly, that depends on what you consider to be tough. Is ACCA harder than the CPA? In some ways, yes. But in other ways, no.  Deciding which one is tough – US CPA or ACCA – there are several factors to consider.

First, the CPA US course has fewer sections (4 exam sections vs 13 papers for the ACCA Qualification), but they are all hard. In fact, the US CPA pass rate hovers around 45-55%. Likewise, the ACCA estimates their mean pass rate is about 55%. However, CPA candidates can benefit from studying with a review course. Such review courses are now also available for ACCA.

8. CPA US course vs ACCA: Summary

8.1 ACCA

• 1. Recognized in UK and commonwealth countries
• 2. One single entity with a simple application
• 3. Low entry barrier: post-secondary education needed
• 4. Exam only offered 4 times a year
• 5. 500+ testing centres across the globe
• 6. 13 papers
• 7. 3-4 years to complete.

8.2 CPA US course

• 1. Recognized in the US and anywhere with US regional offices
• 2. 55 jurisdictions with complex licensing requirements
• 3. High entry barrier: master’s level and/or 150 hours of higher education
• 4. Exam offered year-round
• 5. Exam sites in the US + multiple other countries
• 6. 4 parts
• 7. 12-18 months to complete exam, plus an additional 1+ years of work experience (more in some jurisdictions)

Conclusion

Coming to that inherent question, ACCA vs CPA… Which One Should I opt for ACCA vs CPA ? The US CPA is arguably the most prestigious accounting qualification.

The entry barrier is high with an equivalent of a master’s degree together with strict working experience requirements. Because of these stricter requirements, the CPA Exam itself has fewer parts than the ACCA — only 4 sections compared to 14 papers for the ACCA. Some jobs can only be performed by a CPA. For example, only CPAs can sign audit reports under the US GAAP standards. Besides, only CPAs can launch a CPA firm in the US. Therefore, the CPA title has distinct advantages if you are interested in public accounting in the United States or American firms.

For ACCA, the application process is much simpler, and the entry barrier is lower than the CPA. However, it takes years to complete the studies and obtain membership. While ACCA is globally recognized, it is not as highly regarded outside the UK and Commonwealth countries

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