USA CPA

We always thought  about US CPA salaries, CPA skills, CPA specializations and the CPA examination here, however what about the basics? What is the US CPA, what do CPA jobs genuinely entail and how can you end up getting one? Read on to locate out.

The US CPA is a certification held with the aid of more than 650,000 accountants, in accordance with the National Association of State Boards of Accountancy (NASBA). Informally, a CPA, or licensed public accountant, is additionally the man or woman preserving the certification.

CPAs are accountants who have met strict educational, checking out and on-the-job requirements. They are licensed to occupy economic positions at corporations ranging from startup ventures to nonprofits to multinational corporations. As the enterprise surroundings grow in complexity, so does the demand and the profession picks for these depend on advisers.

US CPA salary details

According to the 2020 Robert Half Salary Guide for Accounting and Finance Professionals, hiring managers in almost each and every enterprise are scrambling to discover professional accounting and finance professionals, in particular US CPAs.

In the public accounting sector, for instance, the revenue midpoint (or median countrywide salary) for a senior manager/director for audit/assurance offerings is $134,000, and for a senior manager/director in tax services, it’s $136,750.

The Salary Guide provides beginning profits tiers for greater than a hundred ninety accounting and finance jobs, with the capacity to alter salaries to nearby markets. These tiers signify beginning compensation solely on account that a number of hard-to-measure elements such as seniority and job overall performance can have an effect on ongoing pay.

US CPA salary – Entry and Experienced professionals

An entry-level US Certified Public Accountant (US CPA) with much less than 1 yr journey can count on to earn an common complete compensation (includes tips, bonus, and additional time pay) of AU$58,244 based totally on 5 salaries.

An early profession US Certified Public Accountant (CPA) with 1-4 years of ride earns an common complete compensation of AU$61,607 based totally on fifty five salaries.

A mid-career US Certified Public Accountant (CPA) with 5-9 years of journey earns an common complete compensation of AU$71,954 based totally on fifty nine salaries.

A skilled US Certified Public Accountant (CPA) with 10-19 years of trip earns an common whole compensation of AU$90,945 based totally on 26 salaries. In their late profession (20 years and higher), personnel earn an common complete compensation of AU$101,500.

In Middle East countries a CPA at an entry-level with less than a year experience can expect to earn an average annual salary of AED 85,000 (including perks and other benefits).

From the smallest start-up to the biggest authorities agency, each and every commercial enterprise or corporation requires the competencies of a CPA. The US CPA credential is quite regarded. To a achievable company it skill excessive moral requirements as properly as measurable experience, education, and skills.

US CPA salary in India

In India a fresh US CPA starts with a minimum salary of 50,000 INR in a Big4 or MNC. The salary of an US CPA increases at a higher rate than his non-certified peers. A CFO in India earns within 8,00,000 INR to 50,00,000 INR per month.

US CPA Jobs

Being an US CPA isn’t just a job, it’s actually a whole series of jobs and stepping stones that would conclude into an amazing career. The US CPA course opens up new opportunities including greater career path choices from which to choose. This can also open opportunities to get jobs abroad or new local opportunities and at a large or small accounting practice.

The US CPAs work typically in public accounting, enterprise and enterprise (corporate accounting), government, not-for-profit, and education.

As the number of US CPAs is visibly less in Indian Market, the majority of the companies are sponsoring the CPAs. Also, there are a plethora of jobs in Financial Planning and Analysis, Taxation, Auditing, and different profiles in India. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc. 

Earning your US CPA license is a lengthy process and one that will cost a lot of money to see through to the end. However, the benefits of being a CPA will more than pay for themselves. Most people who decide to pursue the CPA feel confident that the ROI is worth it. Perks of being a CPA include an increase in salary, a diverse selection of job opportunities, job security, and other benefits like the opportunity to travel.

About the top US CPA 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 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, CPA certified veteran TEAM of faculties

B. Affordable CPA US course fees

C. Live online classes 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

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

F. Placement assistance

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

The AICPA has recently announced the updated US CPA exam blueprint. Among all the 4 papers of US CPA course, AUD and BEC papers have undergone major changes. The purpose of the change is to make the upcoming US CPAs more capable to perform their duties productively.

Updated US CPA Exam Blueprints (November 20, 2020)

The US CPA course exam consists of 4 papers: AUD, FAR, BEC & FAR. Each paper is 4 hours long. The changes are described below:

A. Auditing and Attestation (AUD)

The Auditing and Attestation (AUD) section of the Uniform US CPA exam tests the essential knowledge and skills a newly licensed CPA must demonstrate when performing audit engagements, attestation engagements or accounting and review service engagements.

Newly licensed CPAs are required to:

• demonstrate knowledge and skills related to professional responsibilities, including ethics, independence and professional scepticism.

• understand the entity including its operations, information systems (including the use of third-party systems) and its underlying business processes, risks and related internal controls.

• understand the flow of transactions and underlying data through a business process and its related information systems.

Content Area	Weightage covers
Area I Ethics, Professional Responsibilities and General Principles	15–25%
Area II Assessing Risk and Developing a Planned Response	25–35%
Area III Performing Further Procedures and Obtaining Evidence	30–40%
Area IV Forming Conclusions and Reporting	10–20%

AUD content weighting changes

·         Area II increased from 20%-30% of the section to 25%-35%.

·         Area IV decreased from 15%-25% of the section to 10%-20%.

Business Environment and Concepts (BEC)

The Business Environment and Concepts section tests knowledge and skills that a newly licensed US CPA must demonstrate when performing:

• Audit, attest, accounting and review services

• Financial reporting

• Tax preparation

• Other professional services

Content Area	Weightage covers
Area I Enterprise Risk Management, Internal Controls and Business Processes	20–30%
Area II Economics	15–25%
Area III Financial Management	10–20%
Area IV Information Technology	15–25%
Area V Operations Management	15–25%

BEC content weighting changes

·         Area I increased from 17%-27% of the section to 20%-30%.

·         Area II decreased from 17%-27% of the section to 15%-25%.

·         Area III decreased from 11%-21% of the section to 10%-20%.

How will these changes imply upon the CPA US aspirants?

The above-mentioned changes will not be tested until July 1, 2021. More questions in AUD will test you at a higher level, so AUD will definitely get more difficult. It’s a good idea to try to pass AUD before the changes go live.

The changes to BEC appear relatively minor. With Continuous Testing now available in India too getting started today will ensure you have enough time to take both sections before July 1.

Continuous CPA testing window in 8 prometrics of India

After a successful pilot testing of the US CPA exam in India during 2020, the American Institute of Certified Public Accountants (AICPA) and National Association of State Boards of Accountancy (NASBA) have decided to switch to continuous US CPA Exam testing from January 1, 2021. The prometrics are:

– Hyderabad
– Ahmedabad
– Mumbai
– Delhi
– Bangalore
– Chennai
– Kolkata
– Trivandrum

CPA Exam Testing Coming to Nepal (October 29, 2020) 

Kathmandu will become the latest US CPA Exam testing location when administration of the Exam begins in Nepal on December 1.

Eligible candidates from Nepal, Bhutan, Bangladesh, India, Myanmar, Maldives, Sri Lanka, and the United States may begin scheduling their Exams on November 1, 2020. Testing will be offered year-round.

Middle East Candidates Gain Testing Options (October 29, 2020) 

Egypt and Jordan join other Middle East countries where the US CPA Exam is offered. The new testing countries have the same eligibility as existing locations.

Candidates from Bahrain, Egypt, India, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, UAE, U.S. and Yemen may sit for the CPA Exam in Egypt and Jordan. Testing begins on November 1, 2020.

Incase you missed on how to choose the best US CPA exam preparation tips continue reading..

About the top US CPA 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 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. Also, provides class recordings to students.

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 you may 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.

Do you love accounting to the moon and back?

Then go for the US CPA course.

Else do not  block your time  and money  just because  people have told you that  US CPA course is a hallmarked qualification in public accounting and will fetch you money and prestige in life. Passing the US CPA course is not your cup of tea if you believe in shortcuts of life.

2020 has shown us wave after wave of lay-offs and long lists of death counts. 

2020 has made us face the struggle of tough survival. 

If the  survivor in you is convinced that only the fittest will survive in the corporate jungle of the ‘new-normal’  era  and  the  school of conservative  thoughts is not going to help you much in the days to come, take a deep warm dive into CPA. 

True,  US CPA exam in India can now be written from India on a permanent basis  w.e.f January 1, 2021 because the pilot testing   made by AICPA and NASBA in India  in 2020 is successful. Students are excited and  more Indians have written their CPA exams in 2020 despite the harsh pandemic situations.

Apart from India, the other international testing locations for US CPA exam are:

• Japan
• Brazil
• Bahrain
• Lebanon
• Kuwait
• UAE
• England
• Scotland
• Ireland
• Germany
• India

Remember that International candidates must meet the same requirements to sit as their domestic counterparts including residency as determined by individual boards of accountancy. For more information on testing for international candidates,  head over to NASBA’s site.

Testing in India is available to eligible candidates who are citizens or long-term residents of the following countries:

• India
• Bhutan
• Bangladesh
• Myanmar
• Maldives
• Nepal
• Sri Lanka
• USA

As of now, If you have residentship of  only India, you can write the US CPA exams in the following centers:  India; USA; UAE

WHY? 

Today India is the finance and accounting hub for the world with Big 4 and MNCs having extensive global capability centers in India. And the CPA designation provides the much-needed global skills and credibility to Indian finance and accounting professionals.

Hence more and more Indian accounting professionals are writing the US CPA exam in India nowadays. And the news of the exam center being in India is definitely a huge savings of costs for Indians who used to fly to Dubai or to the US for 2/3 times in most cases for clearing the 4 exams of the US CPA course.

 HOW?  

How to apply for the CPA Exam in India?

The application process is the same regardless of the location you take the US CPA exam. You must first apply through a U.S. jurisdiction, which will license you as a CPA in that state. This first step is necessary even for international CPAs, because it’s the individual U.S. states (or territories such as Puerto Rico) that license CPAs, not the federal government.

Choose your U.S. jurisdiction/state

If you don’t live in the U.S., it can be difficult to know which state to select for your CPA license. Each of the 55 jurisdictions (states) has its own Board of Accountancy eligibility requirements.

Some states have flexible or reduced education requirements or other elements that may make your international CPA Exam application easier. We’ve done some research to help you understand which states are best for international CPA applicants.

Request application materials from the jurisdiction board.

You can access all state Board of Accountancy websites as well as ask NASBA any questions you may have here.

Submit your application and fees.

You will submit your CPA Exam application and fees to NASBA’s CPA Examination Services division. NASBA processes these on behalf of each jurisdiction’s Board of Accountancy.

Once the board confirms your qualifications and issues an NTS for you, schedule your exam.

You will schedule your CPA Exam with Prometric, the organization that administers the CPA Exam for all locations worldwide.

NASBA also lays out information on jurisdictions, eligibility, fees, and scheduling as well as document requirements by country.

When can I take the CPA Exam?

Starting from November, 2020, write your exams on any work day throughout the year in the allocated prometrics.

Remember, you have 18 months to complete all four sections of the exam once you pass the first section. See more on how to set your CPA Exam schedule.

CPA Study Support by GLEIM – UPLIFT

Gleim has helped accountants around the world pass over 1 million CPA Exams.

Professor Irvin Gleim published the first CPA Review book in 1974. In 1980, he published CIA and CMA Review courses that went on to become the most widely used worldwide. Gleim CPA is the oldest and used by most number of students worldwide to pass the exam.

About the top US CPA 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 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. 

Regarding Uplift CPA interactive coaching, listen it from a student:

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. Also, provides class recordings to students.

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 you may 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.

US CPA course these days are keeping every industry on track. It is seen CPAs have become one of the most important decision makers in organizations. Being a qualified CPA, finance professionals are capable to analyze and interpret financial information which helps them to understand where the business is actually heading.

Working as a qualified US CPA professional in the US or Middle East will open the door of opportunities. The major function of a CPA is to offer public accounting services but they are also responsible for tax preparation and audit functions. For more details on US CPA please click https://www.upliftprofessionals.in/CPA

In India a fresh US CPA salary starts with a minimum salary of 50,000 INR in a Big4 or MNC. The US CPA salary increases at a higher rate than his non-certified peers.

A CFO in India earns within 8,00,000 INR to 50,00,000 INR per month. In Middle East countries a CPA at an entry-level with less than a year experience can expect to earn an average annual salary of AED 85,000 (including perks and other benefits).

An early career CPA with minimum 4 years of experience earns an average US CPA salary of total AED 100,000 approximately. In the US, a newly qualified CPA with less than one year of work experience can expect to earn an annual salary of $66,000 – $75,000 on an average.

CPAs holding extensive years of experience in the field of finance and accounting may receive an average package of US CPA salary $152,000 – above. According to a survey, 40% of CPAs in the US are satisfied with their salaries to meet their ends.

Salaries of public accountants widely vary. The amount that a CPA earns depends on several factors. The number of years of experience the candidate is having, the nature of his or her work and have been handling. All these factors play a role while determining a salary of a CPA. CPAs can expect to receive an increase of 5% every year. 

About the top US CPA 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 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. Also, provides class recordings to students.

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 you may 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.

The Certified Public Accountant, commonly referred as the US CPA course , is a globally recognized public accounting certification. 

Individuals who often take up accounting as a career prefer to go for further certifications to enhance their accounting skill and update their knowledge.

One of the most preferred qualification chosen by the accounting students is the US CPA certification. US CPA course is a four-paper course: 

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

Why the US CPA course certification is highly demanded? 

CPAs these days are keeping every industry on track. It is seen CPAs have become one of the most important decision makers in organizations. Being a qualified CPA, finance professionals are capable to analyse and interpret financial information which helps them to understand where the business is actually heading.

Working as a qualified US CPA professional in the US will open the door of opportunities. The major function of a US CPA course is to offer public accounting services but they are also responsible for tax preparation and audit functions.

Why Indians go for the US CPA?

Each year in India, more than a lakh students enroll themselves for the Indian CA/ ICWA. The role of a CA and CPA is very similar. The major difference between both the certifications is Indian CAs are well known within India but when it comes to perform on a global scale US CPA course is more valued by the companies, mainly the ones having their business in the US. Hence we get global recognition by pursuing CPA US.

There are plenty of companies in India who run their business on global platforms mainly in the US. US GAAP and IFRS are the most integrated tasks within the multinational companies. It is seen that because of scarcity of CPAs in India, Indian CAs perform these tasks after being trained by the companies.

Thus the more number of MNCs are setting up their businesses in India, the higher is getting the demand of CPAs in this country. It is believed CPAs are able to work in wide variety of areas of finance compared to their counterparts.

Steps to become a CPA US ( specially for an Indian/non-US student):

To become a qualified Public accountant, candidates will have to meet the 3 E’s of CPA – Education, Examination and Experience.

#Education: 

Candidates must meet the 120 credit hours (a bachelor’s degree + 30 extra credit from Master degree) to write the exam and 150 credit hours for the licensure.

The eligibility criteria of the CPA exam differ from state to state. But in major cases maximum state boards require 120 to 150 credit points. A student should have a minimum college degree of 120 credit points. Additional 20 points by covering courses like business law, management. 

  # Examination: 

 1.Eligibility Evaluation- The first step towards the CPA examination is to “Transcripts evaluation”. Before selecting the State board of accountancy, candidates will have got their educational documents (transcripts) evaluated by the evaluating agencies. The well-known evaluation agencies are NIES and FACS. The CPA evaluation process takes 4 -5 weeks of time.

2. Once the state board is confirmed, candidates can apply then apply to the state board for the examination. Pay the exam fee and schedule the testing appointments at the Prometric centre.

3. The US CPA exam is held quarterly. The exam is conducted online. The test locations are Dubai, USA, Bahrain, Kuwait, Lebanon, Brazil, China. In April, 2020 NASBA (The National Association of State Boards of Accountancy) due to global pandemic had opened the testing window in India. The testing window for the US CPA exam has been extended in India till December 2020. The exam consist Multiple Choice and Task based questions. The candidates must score at least 75% to qualify the examination.

4. Candidates should remember they will have to pass all the 4 papers of CPA US within 18 months from the time they clear the first paper. After clearing all the 4 papers, one can now apply for the CPA License.

 #   Experience:

Most state boards demand that, in order to apply for a CPA License, candidates must possess at least 150 credit points and at least 2 years of professional experience under a licensed CPA or equivalent (for ex: Indian CA or ACCA). After passing the CPA exam, a candidate generally gets 3 years of time to apply for the license.

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 of a CPA increases at a higher rate than his non-certified peers. A CFO in India can earn more than INR 1 Cr, annually in India.

About the top US CPA 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 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. Also, provides class recordings to students.

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 you may 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.