Best CPA Institute in Assam- Eligibility, Jobs, and Exam Guide
Admin 29 Dec, 2023 Introduction
When opting for professional certification in the field of Accountancy, it is important to choose the right one for an optimally growing career ahead in life. In this regard, the US CPA certification offers the highest standard of competence to candidates. The US Certified Public Accountant or CPA certification provides prosperous career opportunities to accounting students and working professionals wishing to become public accountants.
This article focuses on the US CPA certification details, including the syllabus, eligibility, fees, salary, exam pattern, etc.
We will discuss the top CPA training courses in Guwahati from a reputed CPA institute in Assam so that you can acquire the CPA certification with ease. So, lets start with the basics.
What is US CPA?
The Certified Public Accountant or US CPA is a professional certification offered by the American Institute of Certified Public Accountants (AICPA) to individuals who successfully pass the US CPA certification exam. It is a globally recognized professional certification that validates the credentials of the certificate holders as well versed and knowledgeable in the field of expertise of Accounting and Finance. Individuals certified by the AICPA are hired by top multinational companies, businesses, and organizations and reach their financial goals and career ambitions.
The US CPA certification is a highly in-demand professional certification in various sectors, including public accounting, business, nonprofits, and government sectors. Certified US CPA professionals are in high demand globally for their expertise and have a high earning potential. They are typically hired by the top multinational companies and organizations requiring services related to the field of Accountancy. As such, pursuing a career as a US CPA professional will help you in the long run because of the international recognition enjoyed by US CPA professionals.
The US Certified Public Accountant certification can be obtained by appearing for and clearing the CPA USA exam. The US CPA exam has to be completed within 18 months of registration as mandated by the AICPA. As such, it can be a challenging task to achieve. But with the help of a CPA institute in Assam, candidates easily clear this exam through organized Certified Public Accountant training in Guwahati.
Let us take a look at the course details in CPA coaching in Guwahati so that you can decide how you want to approach your preparation for the Uniform CPA exam, but first, you need to check out the eligibility requirements for applying for the US CPA exam.
Who is Eligible for US CPA?
It is important to know the eligibility prerequisites for pursuing the US Certified Public Accountant credentials so that you do not face any problems while registering for the US CPA exam. The eligibility requirements for the US CPA certification are as follows.
- Candidates must possess a Master's degree in any Discipline from a recognized University or institution.
- Candidates must acquire 150 credits to apply for the US CPA exam.
- Candidates get 120 credits upon completion of their graduation degree. (here, one year of regular education is equal to 30 credits)
- Candidates who have completed their bachelor's degree program with first class from a NAAC 'A' accredited college/institution are eligible for 150 credits.
- Candidates should possess at least 1-2 years of work experience under a licensed US CPA.
Now that you know the US CPA exam eligibility requirements let us discuss the Uniform CPA exam syllabus, exam pattern, duration, and course fees in a CPA institute in Assam.
Syllabus of US CPA Institute in Assam
In the Certified Public Accountant training in Guwahati, candidates are to be tested based on their analytical knowledge and practical skills of the core concepts of the US CPA exam syllabus. Therefore, it is highly imperative to be well-versed in the US CPA exam syllabus. This section also elucidates the contents of the syllabus, which you will cover in a US CPA course taught in the CPA classes in Guwahati. The US CPA syllabus studied at the CPA institute in Assam is tailored according to the latest pattern and changes in the US CPA certification exam.
Therefore, knowing about the exam syllabus beforehand will help you be mentally prepared for what you will study in a CPA institute in Assam and help you choose the right CPA training in Assam.
Let us take a look at the US CPA exam syllabus.
The US Certified Public Accountant certification exam is a four-part assessment, and the syllabus has been divided accordingly into four sections:
- Auditing and Attestation (AUD)
- Regulation (REG)
- Financial Accounting and Reporting (FAR)
- Business Environment and Concepts (BEC)
Check the sub-topics and weightage allocation given below to understand where you should direct your focus while studying at the CPA institute in Assam.
| Auditing and Attestation (AUD) | Business Environment and Concepts (BEC) | Financial Accounting & Reporting (FAR) | Regulation (REG) |
| Area I: Ethics, Professional Responsibilities, & General Principles (15 25%) | Area I: Enterprise Risk Management, Internal Controls, and Business Processes (20 30%) | Area I: Conceptual Framework, Standard-Setting, & Financial Reporting (25 35%) | Area I: Ethics, Professional Responsibilities, & Federal Tax Procedures (10 20%) |
| Area II: Assessing Risk & Developing a Planned Response (25 35%) | Area II: Economics (15 25%) | Area II: Select Financial Statement Accounts (30 40%) | Area II: Business Law (10 20%) |
| Area III: Performing Further Procedures & Obtaining Evidence (30 40%) | Area III: Financial Management (10 20%) | Area III: Select Transactions (20 30%) | Area III: Federal Taxation of Property Transactions (12 22%) |
| Area IV: Forming Conclusions and Reporting (10 20%) | Area IV: Information Technology (15 25%) | Area IV: State and Local Governments (5 15%) | Area IV: Federal Taxation of Individuals (15 25%) |
| Area V: Operations Management (15 25%) | Area V: Federal Taxation of Entities (28 38%) |
Now that you have an idea of the US CPA exam syllabus you study at the CPA institute in Assam let us check the US CPA exam pattern.
US CPA Exam Pattern
The US Certified Public Accountant exam is spread out over a year and is held several times a year. Candidates wishing to take the exam can avail of any of the testing windows according to their convenience. The available testing windows are Jan/Feb, Apr/May, July/Aug, and Oct/Nov.
The Uniform CPA exam has three types of questions/tasks:
- MCQs (Multiple Choice Questions),
- TBS (Task-based Simulations), &
- Written Communication Tasks.
Overall the Uniform CPA exam is a 16-hour exam that has been divided into four sections, with 4 hours allotted for each section. Check the CPA exam structure below, including the weightage allocation and the number of questions of each exam type within each section of the exam.
| Sections | AUD | BEC | FAR | REG |
| Time Allotted | 4 hours | 4 hours | 4 hours | 4 hours |
| Number of Questions | 80 questions | 69 questions | 98 questions | 84 questions |
| Multiple choice questions (MCQs) | 72 questions of 50% weightage | 60 questions of 50% weightage | 90 questions of 50% weightage | 76 questions of 50% weightage |
| Task-based simulations | Eight questions of 50% weightage | Four questions of 35% weightage and three written communications tasks of 35% weightage | Eight questions of 50% weightage | Eight questions of 50% weightage |
Passing Criteria for US CPA Certification Exam
The Uniform CPA exam is graded on a scale of 0-99, in which candidates need to secure 75 marks in order to pass the Uniform CPA exam and be eligible for the CPA license. You can easily acquire the US CPA certification with the help of training from a CPA institute in Assam.
What is the US CPA Course Duration?
AICPA allows candidates to clear the Uniform CPA exam within 18 months of registration, that is, one and a half years. However, with the help of CPA coaching from the best CPA institute in Assam, you can finish studying for the Uniform CPA exam in just 12 months! This leaves you with ample time for revision and doubt-clearing before the big exam.
What is the US CPA Certification Fee Structure in Assam?
If you are going to enroll in the top CPA institute in Assam and pursue the US CPA certification, then you should have a good idea of its fee structure.
The US Certified Public Accountant certification fees are divided into the following parts-
- Exam Registration Fee
Candidates need to pay an exam registration fee of $250 to the AICPA, which roughly translates to INR 20,000. When registering for the CPA exam, you can choose to club two or more exams together, depending on which the registration fee varies, and in such a situation, you are eligible for some discounts on the Registration Fee. However, in such cases, an NTS (Notice to Schedule) is issued, which is valid for six months, within which the candidates have to complete the exams that they have selected; otherwise, NTS will not be valid.
However, if you decide to take one exam at a time, you have to pay the Registration Fee for each section of the exam.
The options available to pay the Registration Fee are given as follows:
- One exam at a time: Rs. 4600
- Two exams at a time: Rs. 5900
- Three exams at a time: Rs. 7200
- All exams clubbed together: Rs. 12900
However, depending upon the state of the US you are applying for, the Application Fee in India ranges from approx. Rs. 3,600 to Rs. 14,500.
- Examination Fees
The CPA examination fee is $250 for each section of the US CPA exam. Therefore, candidates need to pay $1000 as an examination fee for the Uniform CPA exam. That is around INR 82,000.
- International Testing Fee
As international candidates taking the exam outside of the USA, you would need to pay an additional fee for the international location to NASBA. This fee amounts to $250.
In total, candidates in India need to pay around $1500 to the AICPA and NASBA for the Uniform CPA exam. After clearing the US CPA exam, you will be eligible to apply for the CPA License. The AICPA charges a separate fee for the CPA License, which you can learn about below.
- US CPA Licensing Fee
The US CPA Licensing Fee is to be paid every year to maintain the US CPA License. The US CPA Licensing Fee is approximately $50-$500, depending on the state of practice.
- Continuing Professional Education (CPE) for US CPA Exam
The CPE is an optional fee for licensed CPAs who want an extra 40 hours of updated education every year so as to stay updated according to industry norms. This fee can range from $800-$5000.
This was the fee structure for various aspects of the US CPA certification. To know the exact fees of studying at the best CPA institute in Assam, you can contact our counsellors.
FAQs
1. Can I do CPA without doing CA?
Yes, you can pursue US CPA without doing CA as long as you fulfill the minimum eligibility requirements for applying for the CPA certification exam. You can join the top CPA institute in Assam to prepare in an organized manner and clear the certification exam.
2. Is CPA a certificate or degree?
The US CPA is a professional certification that is globally recognized and offered to individuals in the field of Accountancy and Finance. It is not a degree but rather a specialization course in Accounting and Finance.
3. Does CPA have scope in India?
As a highly regarded professional certification in the domain of Finance and Accounting, the US CPA certificate holders have great scope in India and abroad.
4. Is CPA better than CMA?
CPA can be completed well within 12 months, while completing CMA may take 6-9 months.
Conclusion
The CPA USA certification will help you achieve a prosperous career with excellent growth and salary benefits.
To optimize your preparation for the US CPA certification exam, you can enroll in the best CPA institute in Assam, which will help you get the right guidance to crack the Uniform CPA exam in just 12 months! Enroll in the best CPA training classes in Guwahati at NorthStar Academy for well-rounded preparation.
You can get expert guidance & much-needed support to prepare for the Uniform CPA exam at NSA. Get the most out of the streamlined US CPA certification course from NSA providing a complete roadmap to success. Benefit from expert guidance from mentors at NSA like Mr M. Irfat sir to clear the CPA USA certification exam and become a licensed CPA professional.
NSA provides thoroughly researched and most preferred study material from Becker International Study Materials in their comprehensive US CPA certification course.
You can also avail yourself of online classes on Android and iOS platforms so that you can start your preparation anywhere you want! Contact us and get your queries resolved by our counsellors today.
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