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CPA (Certified Public Accountant) is a designation given by AICPA to the individuals who have passed the Uniform CPA exam, met the required and relevant experience. The CPA designation enforces high professional standards in the field of accounting.
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CERTIFIED PUBLIC ACCOUNTANT CPA (Certified Public Accountant) is a designation given by AICPA to the individuals who have passed the Uniform CPA exam, met the required and relevant experience. The CPA designation enforces high professional standards in the field of accounting. CPA Course Eligibility: To appear for the CPA exam, the candidate must have any of the following qualifications. Member of the “Institute of Costs & Works Accountants in India.” Member of the “Institute of Chartered Accountants ofIndia.” Member of the “Company Secretaries in India.” MBAs. Master of Commerce. B.com graduates, pursuing Masters. CPA Exam Format: There are four sections in the CPA exam: 1.Regulation (REG) 2.Auditing and Attestation (AUD) 3.Financial Accounting and Reporting (FAR) 4.Business Environment and Concepts (BEC) The AICPA administers the CPA exam. The total duration of the exam is 16 hours (4 hours for each section). Section Time Multiple-Choice Questions Task-Based Simulations Written Communication Section REG 4 Hours 76 8 – AUD 4 Hours 72 8 –
FAR 4 Hours 66 8 BEC 4 Hours 62 4 3 Multiple-choice questions vary from being one sentenced to paragraph length questions with 4 potential answers. Whereas, the Task-based simulations require the candidates to type in answers, and may include journal entries, research questions, reconciling accounts, filling out a form with multiple questions, or filling out report sections. Written communication tasks test the ability of a candidate through writing, these are essential in the business environment. CPA Course Benefits: The benefits of CPA course are listed below: International Recognition: Pursuing CPA course creates many opportunities for CA, CS, ICWA, M.Com, MBA (Finance), LLB and Commerce graduates who aspire for international certification. Career Opportunities: After passing the CPA exam, the candidate can start his career with Auditing & Accounting firms, Investment banks, Research firms, Commercial banks, Private equity firms and so on. Attain Knowledge: The Certified Public Accountant has proper essential knowledge in US GAAP, business laws, and US federal taxation. Flexibility & Ease: CPA exam is a single level online exam with 4 sections. The candidate can easily clear all the 4 sections in less than a year. Career scope for CPA: The CPA degree paves countless opportunities to work for some of the most renowned companies around the world. Becoming a CPA can lead to several career options:
Public Accounting: In public accounting firms, CPAs provide services encompassing accounting, auditing, tax, and consulting services for clients of any size. The auditing of financial statements of public and private companies is a highly coveted job. Business, Government, and Not-for-Profits: In this broad field, CPAs can hold a variety of positions ranging from financial analysts and staff accountants to CFOs. They are responsible for recording, analysing, and reporting financial information for organizations. Additionally, they perform budgeting and internal auditing functions. Specialist: CPAs also provide services in specialized areas. CPAs assist organizations by conducting risk assessments as well as analysing, implementing systems improvements and revisions, in managing their information technology, including the massive amounts of data collected. Financial Advisor: CPAs also serve as financial advisors to individuals by making informed financial decisions on their behalf to help them manage their finances related to home purchases, college savings, starting a business, and retirement planning. The CPA certification paves countless opportunities to work for some of the most renowned companies around the world. Mentioned below are some of the best jobs in India for a CPA: Senior Financial Analyst Risk and Compliance Professional Corporate Controller Accounting Software Developer Information technology Accountant Personal Financial Advisor Finance Director Conclusion: Hope this blog helps you to attain detailed insights into CPA, including exam format, eligibility, benefits, and career scope. Although, if you still have any queries related to CPA, please comment below & we are here to help you with the right solutions. SIMANDHAR EDUCATION Simandhar is the official partner of Becker and AICPA – Largest Training provider for US CPA, US CMA, IFRS and EA courses in India.
Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 919390785925. Hurry up!! CPA exam now in India and Simandhar Education will help you to achieve it.