By and large, a quite good number of working professionals and students holding academic background in accounts and finance sectors, might are aware of the Certified Public Accountant, or CPA US course certification. This is one of the most coveted & globally recognized accounting credential aspired by M.com, MBA(Finance), ICWAs and CAs.
To obtain this qualification, one has to pass the unified online CPA exam conducted by the AICPA, the international body providing the CPA certification. The CPA US holders are in increasing demand as indicated by their higher salaries and scope.
In and out, the CPA US course certification paves the way towards a fast track career growth in the accounting arena. This is linked with high level of trust and skilled expertise as envisaged by the employers.
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 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 eligibility
Now, for an Indian candidate to be eligible for US CPA exam in India, the candidate must possess a graduate degree preferably in commerce along with post graduation or CA/CS/MBA to ensure 120 credit points required to write the exam. However, to obtain the CPA license, the requirement is 150 credit points. In addition, some US states require the candidate to have 1-2 years of work experience under a CPA.
US CPA course exam
Regarding the contents of the CPA US in India, there are 4 sections in exams i.e. FAR, AUD, REG and BEC respectively. Each section contains in the format of MCQs and task based simulations while the time allotted is 4 hours per section. One has to pass all 4 sections within a span of 18 months and to pass the exam, a minimum score of 75 is mandatory for each section of US CPA exam.
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
US CPA job opportunities
When we talk about the job prospect of US CPA holders in India, it is evident that with the advent of globalization and the corresponding surge in the growth of Indian economy, entry of foreign companies, foreign investments and tie ups with the Indian companies, open doors for US CPAs in a much bigger way. Based on this fact, US CPAs, being an international professional qualification of highest order, is gaining popularity and having greater demand in the finance/accounts related jobs.
On the verge of this, there is an ever- increasing demand for US CPAs in India for US GAAP reporting and general controller roles for US subsidiaries in India. Global Indian companies also has demand hiring US CPAs too.
CPAs can act as a specialist in the areas:
a. Financial Analyst
b. Management Accountant
c. Risk and Compliance Analyst
d. Tax Accountant
e. Management Consultant
f. Information Technology Auditor
g. Finance Director
US CPA salary in India
Regarding the salary of US CPA in India, a fresh CPA US holder can get an average INR 6-7 lacs per annum at the entry level in a Big 4 or MNCs which increases at a higher rate than the non CPA counterparts. Next comes the coaching for preparation of US CPA exam in India.
US CPA coaching in India
Since US CPA exam centers started operation in India, a lot of coaching institutes got renewed interests for coaching of US CPA course. These CPA coaching institutes provide online classes and study materials to the students aspiring for US CPA exam.
Uplift Professionals is a premier CPA coaching institute offering dedicated services to its students – some of which are listed below.
1) Provide premium US CPA study material from Gleim international, a CPA study provider for more than 40 years. The concise exam oriented study material along with vast question banks for practice helps students a lot to pass the CPA US exam in one go.
2) Provide live online classes during weekend suitable for working professionals are conducted by a team of dedicated experienced trainers having a lot of corporate exposure administer best US CPA coaching to students.
3) Provide video recordings of each and every live class to the students on next day morning gives ample scope for revisions.
4) Provide small batch sized classes which facilitates effective one to one interaction between the student and teacher- an effective way of US CPA coaching.
5) As part of the US CPA coaching, additional study notes and class schedules are provided to the students.
6) Provide real time problem solving sessions and periodical mock tests in a regular fashion- a very useful mode of coaching for US CPA exam.
7)Provide online faculty support for doubt clearing as an integral part through e mails/ whatsapp and over the phone.
8 )Provide administrative guidance on US CPA exam evaluation procedures.
Request for Live Demo class / contact at +91-8787088850 to book your seats now.
Summary
It is quite evident that to crack the prestigious US CPA exam, the contribution of mentors from a quality CPA coaching center and use of premium exam oriented CPA study materials have no alternative.
All you want to know about US CPA exam but you are yet to ask.
So far, you have the basic/advanced academic degrees in accounts/finance and might be having some work experience too. Now you are thinking of something else, say for instance, a professional qualification to elevate your career in financial domain.
In this sojourn, you might have heard about a prestigious global credential known as US CPA course. You might have been thinking of entering the CPA US course for which you have to check your eligibility followed by evaluation of your transcripts in stipulated manner.
Upon completion of above, you are ready to take the US CPA exam from a particular US state board. Now, it is the time to know about the universal US CPA exam in India and other countries and how to approach it in an effective manner. Let’s take a brief appraisal of the US CPA exam.
A. The exam settings
There are 4 sections in the US CPA exam i .e. Financial Accounting and Reporting(FAR), Auditing and Attestation(AUD), Regulation(REG) and Business Environments and Concepts(BEC) respectively. Exams for all these sections can be taken separately and independently without any interdependence.
B. Exam Timings
Time allotment for each section is 4 hours which can be taken individually. However, it is obligatory to pass all four sections within 18 months. So, total exam time is 16 hours and the candidate has the option to select which paper to take first and accordingly the rest.
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
C. Mode of exam
US CPA exam uses computer based online testing platform which include written communication exercises, MCQs and task based simulations. In essence, there are 3 writing tasks, about 276 MCQs and overall 28 task based simulations which are allocated in 4 above mentioned sections of US CPA exam.
D. Exam performance evaluation
The score based evaluation is done by the AICPA who implies a grade of zero to 99 in the scale for each section. The minimum cut off grade to clear the exam is 75. The CPA US exam evaluation uses a weighted combination as follows: For FAR, AUD and REG parts, the applicable scoring scale is MCQs and task based simulations each count for 50% of the total score respectively. On the otherhand, for BEC, MCQs comprise 50%, simulations 35% and the written communications count for 15% of the total score respectively. The MCQs are set en block at different difficulty level in ascending order.
Practical benefits of US CPA course – Becoming a US CPA is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. When you get your CPA license, it opens a wide range of opportunities both in India and abroad. For further reading please follow the link.
E. Exam section coverage
In US CPA exam, the FAR part demands the knowledge and appreciation of the financial reporting used in both public and private sector enterprises. It involve 66 MCQs + 8 simulations. The AUD section include the planning, reviewing, internal controls etc. Emphasis is given to international accounting standards and risk management. It incorporates 72 MCQs and 8 simulations. The REG part is concerned with business law, taxation, professional rationality, ethics etc. It consists of 76 MCQs and 8 simulations. Lastly, the BEC section demands the assessment of writing ability, lucidity, responsiveness etc on business formation, economic concepts, financial regulation and information technology. It comprises 4 simulations and 62 MCQs.
F. Exam section comparison
Among the 4 sections of US CPA exam, general notion is that FAR is tough while BEC is the easiest to clear at first attempt. It indicates that if someone takes the FAR exam first the other sections appear bit easier to pass although that might vary from person to person
Last but not the least, to pass all 4 sections of CPA US course , taking help from quality study material and a good training institute is of immense value. As for example, Gleim is one such publisher providing quality review books for US CPA exam for about 50 years and helper more than 40000 people worldwide to pass the US CPA exam.
Top preparation tips for US CPA exam in India– The US CPA exams is taking a mental or emotional toll on students. While preparing for exam its important understanding syllabus for exam, developing detailed study plan, getting guidance from experts, mental preparation, etc. continue reading…
Gleim Review Books
The most favorite aspect of these prep books is that they are written like an outline. Rather than some lengthy treatise with dense passages, the Gleim books contain very short, easy to read sections. They are broken down like an outline, containing sufficient detail but hitting the high points and keeping it concise. In other words, they are both comprehensive and succinct. It is a delicate balance to master, and Gleim has done it well.
These textbooks, which come in both digital and print form, are also well written. They clearly explain the substantive material and provide numerous examples to help demonstrate points. These specially designed outline-style books definitely improve comprehension and retention through their organization and writing style.
Gleim CPA Mega Test Bank
With respect to practice material or Mega Test Bank, Gleim offers some of the best quality and quantities around. The10,000+ multiple-choice practice questions and 560+ simulations closely resemble real CPA exam questions in both substance and testing interface. It’s mentionable that Gleim places a focus on simulations, offering more than 2x as many as any other providers (with 1,300+). In sum, the Gleim CPA Review course is a well-rounded and effective prep package that should work for every type of learner.
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.
CPA US course is one the most sought accounting qualification across the globe. In India, a CPA US holder is considered as equivalent to the Indian CA. Since US CPA course has worldwide acceptance, its scope is not restricted to one particular country. Hence a US CPA holder has plenty of job opportunities worldwide. The attractive part of the course is that it can be completed in a year. Another, key change is that the bodies involved in smooth conducting of US CPA exams in India, namely, American Institute of CPAs (AICPA), National Association of State Boards of Accountancy (NASBA) have announced to continue CPA exams test centers in India. In this article, we have also mentioned about the US CPA course details and factors associated with it.
Uplift Pro is one the best US CPA course provider in India, Africa and Middle East
Even people who know nothing about accounting know what a CPA is. It’s a well-respected career, both within and outside of the accounting world, and you’ll feel good presenting your profession to your family, friends and colleagues. While having a high-paying, stable career is great, being happy and enjoying your career is a huge part of your life, and gaining your CPA credential will help you feel fulfilled now and into the future.
We all are aware of Certified Public Accountant i.e. US CPA in India, a globally recognized course generally equivalent to the title of chartered accountant. In the United States, CPA is considered as a license to provide accounting service to the public.
US CPAs are considered trusted advisors and is considered to be the highest level of certification, earned by an accountant. Also, the CPA title separates you from others and allows you to count yourself as a member among one of the most highly respected and prestigious professions.
A. US CPA course eligibility
The students must should have a Bachelor degree in Commerce and Masters with minimum 120 credit points. Further, the students should complete 150 hours of the CPA course semester. The details are as below
1.1 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.
1.2 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.
2. US CPA duration
Typically its takes nearly 9-12 months to complete the course with exams conducted every month.
Practical benefits of US CPA course – Becoming a US CPA is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. When you get your CPA license, it opens a wide range of opportunities both in India and abroad. For further reading please follow the link.
Professional Responsibilities, Ethics, and Federal Tax Procedures
10-20
Business Law
10-20
Property Transaction Federal Taxation
12-22
Individual Federal Taxation
15-25
Entity Federal Taxation
28-38
2. Auditing and Attestation (AUD)
Topic
Weightage in %
Professional Responsibilities, Ethics, and General Principles
15-25
Assessing Risk and Developing a Planned Response
25-35
Performing Further Procedures and Obtaining Evidence
30-40
Forming Conclusions and Reporting
10-20
3. Financial Accounting and Reporting (FAR)
Topic
Weightage in %
Standard-Setting, Conceptual Framework, and Financial Reporting
25-35
Financial Statement Accounts
30-40
Transactions
20-30
Local and State Governments
5-15
4. Business Environment and Concepts (BEC)
Topic
Weightage in %
Enterprise Risk Management, Internal Controls and Business Processes
20-30
Economic Concepts and Analysis
15-25
Financial Management
10-20
Information Technology
15-25
Operations Management
15-25
4. US CPA exam in India – Pass rate
Candidates appearing for exam is required to score of 75 or more on each section to pass, and each section must be passed within an 18-month window, which begins as soon as the candidate passes the first exam. CPA exam scoring is treated with a high level of importance, due diligence, and attention to accuracy.
The below table depicts the US CPA exam pass rate in last few years. As evident, the pass rate is nearly 51%. This makes CPA qualification a top most certification. To become successful in the exam, candidates needs to follow a systematic study plan and prioritize key sections.
Thinking of how to pass the exam ʔ. Don’t worry. Through training from Uplift Professionals, candidates can get expert advice on exam strategy to ensure high marks.
Section
2017
2018
2019
2020
AUD
49%
51%
51%
55%
BEC
53%
59%
60%
68%
FAR
44%
46%
46%
53%
REG
47%
53%
56%
64%
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
After clearing all 4 sections, candidates have to clear the ethics exam. After fulfilling the requirement, licence fees has to be paid to obtain the licence from the respective state board.
4.1 CPA certificate vs. license- the 2 tier system:
For CPA certificate:
1) No work experience required. 2) No requirement of continuing education. 3) Not been able to sign tax returns, audit reports or use the title on any official/ legal reports. 4) Some states though allow to use the title as prefix to name on unofficial documents like resume while others totally forbid such use.
For CPA licensure: 1) Majority of states require minimum 1-2 yrs of relevant accounting experience under a CPA. 2) Can sign tax returns and audit reports. 3) Allowed to open a CPA firm. 4) Can use the title throughout.
It has to be noted that currently, most states are not going to issue a certificate upon clearing the exam only until unless the other part is fulfilled.
Thus, a CPA certificate in most cases a kind of acknowledgement that indicate the candidate has passed the exam and met up the minimum requirement for it.
A US CPA license on the otherhand, is issued upon completion of all the requirements from a board of accountancy.
5. Continuous Testing Window
Since July 1, 2020, testing windows has been replaced by continuous testing, allowing candidates to take the Exam year-round, without restriction, other than waiting to receive scores from prior attempts of the same section or when there is a major change to the Exam. This helps candidates to write the 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
6. Steps to write US CPA exam in India
1. Get your eligibility verified by Uplift Pro before sending your transcripts to the US Official Evaluators.
2.Start preparing for the CPA exam. We will teach you 2 papers at a time after your working hours in live online mode and share with you the recordings of the classes as well.
3. We will also provide you an option to receive Gleim CPA Megabank (at 50% of the original cost) since Uplift Pro is an approved partner of Concorde Gleim. Gleim has helped more than 40,000 candidates worldwide pass their CPA exams in the last 20 years. Hence they are the No. 1 in this job. Trust on the Gleim Uplift support to pass the 4 papers of CPA as quickly as possible.
4. Once you are ready for the exam apply for an NTS from the US State from which you wish to be a CPA license holder. Uplift Pro will guide you in this administrative procedure.
5. After getting the NTS, contact your nearest Prometric to book your seat for the exam. Don’t forget to keep your passport ready to meet the identification procedure in the Prometric center.
7.US CPA exam in India -Score date
Decision to conduct US CPA exams in India, helps candidates to better plan for the exams. Typically AICPA publish the score release dates for the first half of a new year in December of the previous year and the second half by June of that year. The below table highlights the score release dates after sitting for a section.
Score Release: Exam sections taken 23, April – 31, December, 2021
If you had taken exam on/before:
Your target score release date is:
April 23
May 11
May 16
May 25
June 8
June 16
June 30
July 13
July 23
August 10
August 15
August 24
September 7
September 15
September 30
October 12
October 23
November 9
November 15
November 23
December 8
December 16
December 15
January 11
8. US CPA course fees structure
The US CPA exam fee is generally around USD 1,200 for all four sections. However, that may slightly vary based on number of sections you appear for the exam and also varies state by state. To better plan your US CPA course fee and best approach visit our page and talk to our experts at Uplift Pro.
9. US CPA job opportunities
US CPA course is in great demand in all sectors. CPAs are meant to maintain and examine financial accounts for the public and private sectors as well as for individual clients. CPAs are authorized to hold responsible positions in financial domains ranging from startup ventures to multinational entities. Few of the prominent companies that are hiring Certified Public Professionals include Genpact, Philips, Deloitte, Accenture, Cognizant, etc.
CPAs can act as a specialist in the areas:
a. Financial Analyst
b. Management Accountant
c. Risk and Compliance Analyst
d. Tax Accountant
e. Management Consultant
f. Information Technology Auditor
g. Finance Director
10. Companies hiring US CPA professionals
There is a wide assortment of opportunities for students, who qualify for the US CPA course examination. At present, United State organizations having Indian offices are also hiring the public certified accountants. As the number of 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. If you have sufficient knowledge, you will become successful as a CPA professional.
The Certified Public Accountants are also found to work for BIG4. BIG4 happens to be one of the leading professional accounting organizations which provide taxation, assurance, auditing, accounting, risk assessment, and control, consulting, legal services, to a plethora of clients across the globe. Few popular clients of BIG4 include PWC, KPMG, Deloitte, Ernst, and Young. The services, provided by these firms are in higher demand and thus they have gained high popularity in hiring the CPAs in India. A worth mentioning reason why these companies are hiring CPAs is that the Certified Public Accounts can provide a plethora of such services without any hassles. In addition to this, they are known to be well versed in US GAAP and IFRS reporting.
The CPAs are also known to work for financial service organizations. They are capable of handling international and financial accounting, as well as corporate governance, easily. They are hired for different types of profiles in the financial services firm.
11. US CPA Salary
Completing US CPA course helps professionals to make more money for the same job than they would if they did not hold the CPA license. It widely noted that US CPAs get more than 15-20% more than non-CPAs working in accounting-related jobs.
Research also confirmed that the pay gap is as high as 50% between a CPA and a non-CPA. The variation in salaries reflects differences in the size of a firm, the location, level of education, and professional credentials.
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 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.
11.1 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 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.
12. US CPA course career
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.
As the number of US CPA in India is visibly less in the 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 course 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.
By the time you have taken the decision to go for US CPA course credential, your mental preparation is already in motion. Now, you have to make a practical, achievable and effective US CPA exam study plan which suits you to clear the exam smoothly. But, how to do it? Let’s discuss some points which might appear helpful in this journey.
Steps for an effective US CPA exam study plan
1) US CPA exam content
The first and foremost requirement is to get a detailed idea about the content of the US CPA exam. Since this exam involves a substantial coverage of material, it require an in depth look including the exam time, papers and type of questions in each sections.
Hence, studying the contents more intensely will give you cutting advantage in the actual exam settings. A judicious choice of exam date based on the exam study plan with thorough knowledge of the content is very much needed to clear the US CPA exam in India and other parts of world.
2) US CPA study pattern
Congruous study is undoubtedly the key element to clear the US CPA exam at first attempt. This particular exam demand the candidate to attain extensive depth in accounting areas having greater level of knowledge and apprehensions. As because, the questions deals with your memory, understanding, application, analysis and evaluation skills.
Furthermore, the information you have gathered on accounting, your level of study has to cope with that. It can be achieved by attending quality review classes along with the self study using authorized updated study materials devoting the time you have set in your study plan.
As for example, a US CPA course mentoring institute provide provide Gleim CPA megabank, books and run classes 3 day/ week by renowned faculties. Moreover, out of 4 papers in US CPA course i. e. FAR, AUD, REG and BEC, 2 papers are taught parallelly as a part of the effective study plan.
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
3) Goal setting for US CPA exam
It is of utmost importance to set a realistic goal for choosing the exam date. It is better to choose the exam date according to your SWA( Strength Weakness Analysis). Using the effective study plan, try to avoid rescheduling plan rather the early implementation.
4) Time management
Your target should be to clear each section of the US CPA exam at first attempt. So, according to your suitability, you have to decide you want to go fast or to move in a flexible manner using the study plan. You can be more belligerent in your approach or can choose a moderate path in this sojourn.
In this manuvre, your study plan should be compatible with your approach. As for example, you can devote 6-7 weeks per section approximately if you are an aggressive planner or can take 10-12 weeks per section for a moderate study plan.
In this regard, use of an interactive study planner like Gleim CPA review is much helpful to make your choice by updating you about your preparation status.
5) Evaluation and Scheduling
This can be done by making a chart of your current involvement and extracting the hours to allocate for your US CPA exam studies. Once it is done on daily, weekly and monthly basis, you can also try to allocate extra hours by replacing some of your secondary commitments or of lower priorities. All these has to be done keeping in mind that you have to clear all the 4 sections of the US CPA exam within the stipulated 18 month window period. By large, it can be stated that, to effectively clear the US CPA exam at first attempt, one has to methodically prepare an effective study plan for the US CPA exam according to the suitability and SWA of the aspirant.
Being realistic in approach and proper scheduling with quality mentoring will inadvertently lead you to successfully negotiate the US CPA exam for obtaining the prestigious US CPA credential.
Summary
The above details will help all US CPA aspirants to have a comprehensive study plan for the CPA Exam. Hope this helps.
Practical benefits of US CPA course – Becoming a US CPA is an aspiration for many finance professionals and accountants. Most CPAs agree that becoming a US CPA completely transformed their career. When you get your CPA license, it opens a wide range of opportunities both in India and abroad. For further reading please follow the link.
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.
Have you ever though of attaining both CPA US course and CPA Canada together?. The below article depicts the key methods and ways to get them. There are 3 major points that dictate the way by which a CPA US can obtain a CPA Canada designation.
A. A successful US CPA achiever don’t have to sit for any other exam to be a CPA in Canada.
B,. This exemption has become possible through the Mutual Recognition Agreement( MRA) in operation since January,2018.
C. Fulfillment of required administrative procedures upon registration with the respective provisional/regional CPA body.
Procedural differences between the two designations – CPA US and CPA Canada
In CPA US, individual state boards of accountancy confer the US CPA course certificate and all the 55 boards set their specific requirements besides the recommendations of NASBA and AICPA.
On the other hand, although, Canadian provinces also had their own regional accounting bodies, it was after 2014, there was a merger of different bodies which finally comes under a single umbrella of national authority.
This paved the way of building partnership with other accounting bodies to set up the MRA format. The MRA between CPA Canada through IQAB with NASBA and AICPA from 1st January, 2021 onwards formed the link between US CPA and CPA Canada effectively.
Through this MRA, a CPA US can easily obtain CPA Canada designation without any additional exam provided the US CPA holder fulfilled the few criteria:
Key criteria to obtain Canada CPA for a US CPA holder
1) Successful clearance of uniform US CPA exam after completion of the requirements.
2) The CPA US holder needs to have 30 months of practical experience or 2 years of post qualification experience. In case of shortfall of 2 years post qualification experience, the candidate has to furnish the International Practical Experience Verification and Employer Details form.
3) The candidate has to be in assent with the CPE requirement of the respective state board.
One can also consult the Canada – US Reciprocity list to identify the US state board having compatibility agreement with CPA Canada.
Roadmap for CPA US holder to become CPA Canada
The eligible US CPA holder has to register with appropriate CPA body through following steps:
a) Completion and submission of International Candidate Application Form
b) Proof of confirmation by the home institute that the candidate is holding CPA US in a good standing with the concerned institute.
c) Evidence of legal name through proper documents.
d) Proof of work experience furnished in chronological manner
e) Payment of administrative fees.
f) Furnishing additional criteria if any as per the norm of the respective CPA body.
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.
Benefits of holding CPA US and CPA Canada
A. Value addition – It can be stated that a CPA US holder can obtain CPA Canada designation as effective value addition through the MRA without sitting in any other additional examination for the same.
B. Dual qualification – Hence by pursuing CPA US has become more beneficial now as one can achieve DUAL Qualifications through this path.
Top preparation tips for US CPA exam in India for 2021– Like any other accounting exams, US CPA exam in India requires correct planning, constant motivation and guidance from experts. Some of the key attributes include a. Create a detailed study plan b. Support from experts c. Booking exams in advance. For further reading follow the link.
Summary
CPA US has just 4 papers to clear and you get 360 degree support from Uplift CPA to clear all 4 parts. Moreover you get the guidance for eligibility evaluation, registering to AICPA for exams, applying for NTS and applying for your CPA License.
About the top US CPA training institute in India, Africa, and Middle East – Uplift Pro
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