A Certified Public Accountant (CPA) is a title procured to license accounting professionals. The American Institute of Certified Public Accountants (AICPA) – the world’s largest accounting body determines CPA as of the elevated criterion of competence in the field of accountancy. NorthStar Academy is the leading training institute for CPAs in India. The AICPA delivers the resources required to obtain the license.
“It’s your present, not your past that designs your future; it is your attitude, not your aptitude that determines your success; and it is your intrinsic value, not your face value that defines you.” – VIPUL MITTAL, CPA
Table of Contents
CPAs have global recognition which provides them with the best workplace and higher salary to about 40-50% compared to other accounting professionals. Opting CPA provides a wide range of opportunities to choose from, either, public accounting, corporate accounting, or government service. CPAs can also choose executive positions like :
Certificate Public Accountants generally get to work with financial statements and other related transactions of the organization like filing tax forms, returns, and auditing with individuals or companies. Public Accountants require a person who can provide tax-related services to the firm and for this, a CPA designation is required.
US CPA deals with the proficiency of US GAAP, IFRS, GAAS, US federal taxation, and business law. It empowers with the opportunity to work with US clients and US-based financial firms. The US CPA identification delivers an enormous value recommendation.
It’s a myth that CPA exams questions are from particular books, notes, review courses, or any particular software. An individual must require proper knowledge and understanding of the concepts to clear examination and need to focus only on the concepts and then they can easily solve the questions.
Students think that buying a CPA review course will make them CPA for sure and in a few months. They just go with the advertisement and buy the review course. And they must understand that no review course is a magic wand and need to make proper decisions.
AICPA conducts CPA exams. To become a CPA professional a person must have the desired education, experience, and certifications from accounting courses.
The CPA exam is of 4-hour duration which requires skills and knowledge of candidates. A person can take up the one window of their choice and fill in all the required answers.
The four sections of the testing window are;
There are primarily 4 important subjects in the CPA course curriculum:
CPA Exam can be categorized into three major parts; –
AICPA has divided the grade weightage; Please find the table attached:
| SECTION | AUD | BEC | FAR | REG |
| MCQs | 50% | 50% | 50% | 50% |
| Task-based | 50% | 35% | 50% | 50% |
| Written Communication | N/A | 15% | N/A | N/A |
Passing a CPA Exam is not enough you need to fulfill the other 3 Es;
A career in finance and accounting with the CPA credentials will surely demonstrate to be exceptionally rewarding in terms of boosted credibility, opportunities, and pay;
NorthStar Academy is a recognized institution that provides the best training for CPA to the aspirants. NorthStar Academy or NSA is an excellent wisdom partner for AICPA for delivering CPA courses. NSA has been the executive in providing the Certified Public Accountant course.
Students across the globe applaud NSA for its quality of teaching. All you need to do is dedicate your time for 12-14 hrs/week to NSA with proper dedication and complete the course and get the certification in 12 months. NSA is thrilled to provide multiple options to learn from anywhere & anytime.
The CPA requires 4 sections to be covered- AUD in which the teachers provide detailed knowledge and understanding of the concepts with proper revision and mock tests. BEC tests skill and expertise in newly licensed Certified Public Accountant when performing audit, attest, taxation, etc. FAR, this requires reporting frameworks, state and local government entities. REG requires business law, federal taxation, ethics, and professional responsibilities.
| AUD CONTENT | ALLOCATION (%) |
| 1. Ethics, Professional Responsibilities, and General Principles | 15-25 |
| 2. Assessing Risk and Developing a Planned Response | 25-35 |
| 3. Performing Further Procedures and Obtaining Evidence | 30-40 |
| 4. Forming Conclusions and Reporting | 10-20 |
| BEC CONTENT | ALLOCATION (%) |
| 1.Enterprise Risk Management, Internal Controls, and Business Processes | 20-30 |
| 2. Economics | 15-25 |
| 3. Financial Management | 10-20 |
| 4. Information Technology | 15-25 |
| 5. Operations Management | 15-25 |
| FAR CONTENT | ALLOCATION (%) |
| 1. Conceptual Framework, Standard-setting and Financial reporting | 25-35 |
| 2. Select Financial Statement accounts | 30-40 |
| 3. Select transactions | 20-30 |
| 4. State and Local Governments | 5-15 |
| REG CONTENT | ALLOCATION (5) |
| 1. Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20 |
| 2. Business Law | 10-20 |
| 3. Federal Taxation of Property Transactions | 12-22 |
| 4. Federal Taxation of Individuals | 15-25 |
| 5. Federal Taxation of Entities | 28-38 |
CPA takes experience and education at once, only then leading to job opportunities.
Entry-level CPA- A entry-level CPA earns an average salary of $40,000 to $60,000.
Senior-level CPA- A senior-level CPA earns an average salary of $66,000 to $110,000 depending on the experience.
Manager or Director CPA- A manager earns an average salary approx $66,000 to $150,000.
Increased opportunity – A certified CPA gets a bucket full of opportunities to work upon and develop skills and expertise.
Higher salary- As CPAs are highly demanded, this makes their salary rise according to their experience and expertise.
Future job stability- As the technology changes, a CPA can work with changing environments and provide updated information and work with the organization for the long term having job stability.
A well-respected credential- A CPA is recognized globally, both within the accounting world as well as outside the accounting world. And it gives a sort of honor to present your profession in front of friends, family, and colleagues.
Career development- A CPA certified has ample opportunities for growth and development in every aspect of their career.
Ans. The average salary of a CPA professional in India is INR 6,92,802 per annum.
Ans. The top recruiters hiring CPA professionals are- Delloite, Accenture, American Express, Philips, PWC, Capgemini, Barclays, Tata Power, KPMG, Genpact, JP Morgan, EY, WNS, and MetLife.
Ans. Every country has different eligibility criteria for CPA. To become eligible for the CPA exam, an Indian student should have any of the below qualifications:
The minimum education qualification to take the CPA exam is, The person should have 3 years of a bachelor’s degree and 2 years of Masters degree with 150 credit points in Finance, Accounting, and Commerce. A CPA license needs to have at least 150 credit points.
Ans. No, 12th-grade students are not eligible for CPA.
Ans. CPA is better than CA. CPAs are more globally recognized compared to Indian CA’s. And CPA requires a minimum of 12 months to a maximum of 24 months to complete. Whereas, CA takes a minimum of 4-5 years.
CPA USA is a globally accepted certification as most of the companies are based in the US. CPA UK is only recognized in the UK, The majority of countries have their own accounting qualifications, such as CPA Canada, CPA Australia, and so on.
CPA USA is a globally accepted certification as most of the companies are based in the US. CPA UK is only recognized in the UK, The majority of countries have their own accounting qualifications, such as CPA Canada, CPA Australia, and so on.
NorthStar Academy is highly delighted to be the best institution for CPA, CMA USA, ACCA, and many more Finance related courses. I hope this article proves to be full of appropriate knowledge and proper understanding. The minimum eligibility required for CPA is 150 credit hours.
We help our students right from their Evaluation, Transcripts, Exam preparation, Getting hands-on International materials, Mock tests, 100% Placement Assistance. All that was needed for opting for CPA is here with us. Now it’s your time to take the step forward and be a certified CPA and make yourself independent and realize your potential. Contact us today and get started with your CPA Journey by filling up the CPA inquiry form or by connecting via call at +918147470707.
