CPA Coaching in Bhopal | An Ultimate Guide
Admin 29 Dec, 2023 Introduction
With the rise in the number of Multinational companies establishing in India and Indian companies exploring the US market, there is a high requirement for accounting professionals who understand Foreign Accounting Principles & Standards. Because of this, many students and accounting professionals are looking for International professional accounting certifications like the US CPA. The US CPA certification is one of the highest levels of professional competence in accounting and financial management. To pass its comprehensive exam, they search for the top institute or coaching that can help them get certified as a US CPA.
The US CPA coaching in Bhopal can equip you with all the required skills and knowledge of accounting/finance to work in any of such MNCs. However, getting a CPA USA certification may not be an easy task. Candidates have to put in dedicated efforts and time to achieve such a prestigious certification.
If you want to gain the US CPA certification, then you are at the right place. In this blog post, we will look at different aspects of CPA classes in Bhopal. Without further ado, let�s begin.
What is the Certified Public Accountant or CPA certification?
The CPA certification is one of the most sought-after certifications in accounting and finance in the United States. The CPA certification and CPA license provides you with a clear understanding of US-related financial rules and empowers you to practice accountancy freely in any of the 55 states of the USA. It provides the individual with the knowledge of US GAAP, GAAS, IFRS, and US Federal Taxation & Business Laws, which comes in handy while working for a US-based firm or an MNC dealing in the US markets.
Administered by the American Institute of Certified Public Accountants (AICPA), the world�s largest accounting body, the CPA credential is globally recognized and well respected. Thus, getting the US CPA certification can help you reach a job opportunity that can provide your desired lifestyle.
Let�s get into the details of the CPA certification course and CPA coaching in Bhopal.
CPA USA Requirements
In order to become a licensed CPA accounting professional, you need first fulfill all the minimum requirements of becoming a CPA. The eligibility criteria can vary according to the state boards. There are 55 state boards under the National Association of State Boards of Accountancy (NASBA). The CPA USA requirement can be divided into the following-
1. The Education requirement,
2. Experience Requirements, and
3. Examination requirement.
Educational Requirements
The minimum education for becoming a Licenced CPA is 150 credit hours, but you can appear for the uniform US CPA examination with only 120 credit hours. A bachelor�s degree in any relevant discipline in English can provide you with 120 credit hours. For the 150 credit hours, the candidate should have a postgraduate, preferably in commerce. If you are still not confirmed about the credit hours management, you can talk to expert mentors at the CPA coaching in Bhopal for any assistance.
For an Indian candidate, you can possess any of the below qualifications to become a US CPA -
- MBA degree
- Master of Commerce
- Member of the Company Secretaries in India.
- Member of the Institute of Cost and Works Accountants in India.
- Member of the Institute of Chartered Accountants of India.
- B.com degree with CA certification is also accepted in some of the state boards.
To get the best advice regarding how to fulfill this requirement, you can consult the mentors at the top CPA coaching in Bhopal.
Work Experience Requirement
To get the CPA license, you must have acquired at least 1 (preferably 2) years of work experience in the accounts or finance sector under another CPA or any other equivalent accounting professional (i.e., CA or ACCA). The work requirement also varies depending on the state board, with most states requiring 2000 hours (or two years) of work experience.
Examination Requirements
To become a CPA USA, you must ace the uniform CPA examination, which can be done easily by joining the best CPA coaching in Bhopal. The CPA examination is a 16-hour, four-part assessment covering various topics related to accounting and finance. The exam is designed to test the candidate's skills and knowledge required to do the work as a CPA. The examination will be conducted in the English language by the AICPA. The question papers may consist of MCQs, written ability, and task-based simulation. The exam pattern of the fours parts of the CPA examination -
- Auditing and Attestation (AUD) � 72 MCQs & 8 Task-Based Simulation
- Financial Accounting and Reporting (FAR) -66 MCQs & 8 Task-Based Simulation
- Regulations (REG) �76 MCQs & Task-Based Simulation
- The Business Environment and Concepts (BEC) - 62 Multiple Choice Questions (MCQs), 4 Task-Based Simulations, and three written communication.
To pass the CPA exam, you must get a score of 75 on a scale of 0 to 99. Once you pass the exams, you can apply for the CPA license from your specific state board. In some states, you might also have to go through an ethical examination before applying for a CPA license. It will be easy to score & clear the exam if you get an organized schedule and relevant study material, which can be acquired only by enrolling in one of the top CPA institutes in Bhopal.
Once you get the CPA License, you can start working in the United States as a Public Accountant.
Overview of CPA US Subjects
The CPA course is extensive, and top CPA coaching centers in Bhopal try to cover each and every aspect of accounting and finance. All four parts of the US CPA examination deal with different aspects of accounting. The subjects covered in these four parts of the US CPA certification exam with their weightage in the exam are given below -
1. Auditing and Attestation (AUD)
| Topics | Weightage |
| Developing a Planned Response & Assessing Risk | 20 to 30% |
| Professional Responsibilities, Ethics & General Principles | 15 to 25% |
| Obtaining Evidence & Performing Further Procedures | 30 to 40% |
| Reporting and Forming Conclusions | 15 to 25% |
2. Regulation (REG)
| Topics | Weightage |
| Federal Tax Procedures, Professional Responsibilities, & Ethics | 10 to 20% |
| Business Law | 10 to 20% |
| Federal Taxation of Property Transactions | 12 to 22% |
| Federal Taxation of Individuals | 15 to 25% |
| Federal Taxation of Entities | 28 to 38% |
3. Financial Accounting and Reporting (FAR)
| Topics | Weightage |
| Standard-Setting, Conceptual Framework, & Financial Reporting | 25 to 35% |
| Select Financial Statement Accounts | 30 to 40% |
| Select Transactions | 20 to 30% |
| State and Local Governments | 5 to 15% |
4. Business Environment and Concepts (BEC)
| Topics | Weightage |
| Corporate Governance | 17 to 27% |
| Economic Concepts & Analysis | 17 to 27% |
| Financial Management | 11 to 21% |
| Information Technology | 15 to 25% |
| Operations Management | 15 to 25% |
Looking for Best US CPA Training Classes in Bhopal? If you are looking for CPA coaching in Bhopal, then you may not need to look any further. We, the NorthStar Academy, provide our students with the best possible CPA coaching classes in Bhopal so that our students can get their much-desired accounting certification. With our top mentors, you can easily go through your journey of becoming a CPA.
FAQs
1. Is CPA harder than CA?
Both the CPA and the CA are both quite challenging exams. The candidates must put in a lot of effort to pass these examinations. However, the CPA is considered less difficult than the CA examination. It is mainly because the CA examination requires a lot of hard work from the candidates, while the CPA is generally known as an exam of discipline and smart work.
The US CPA exams are also mostly MCQ based and only have four papers, while the CA exams are mostly theoretical and have around 20 papers required to be cleared. Thus, CA exams also take much longer to complete than CPA. However, you can pursue either of the courses if you are determined to and clear them with all-inclusive guidance from the top CPA coaching in Bhopal.
The US CPA exams are also mostly MCQ based and only have four papers, while the CA exams are mostly theoretical and have around 20 papers required to be cleared. Thus, CA exams also take much longer to complete than CPA. However, you can pursue either of the courses if you are determined to and clear them with all-inclusive guidance from the top CPA coaching in Bhopal.
2. What is the salary of a US CPA in India?
Due to the huge influx in the number of Multinational companies establishing in India and Indian firms exploring foreign markets, there has been a tremendous demand for accounting professionals having CPA certification. Which also leads to the above-average salary for a CPA-certified professional in India.
The average salary for an entry-level CPA in India is around six lakhs per annum. However, in big metro cities like Mumbai, Bangalore, and New Delhi, the salary can go as high as 13.8 lakhs per annum. So, get enrolled in the best CPA coaching in Bhopal and get certified as a CPA today.
The average salary for an entry-level CPA in India is around six lakhs per annum. However, in big metro cities like Mumbai, Bangalore, and New Delhi, the salary can go as high as 13.8 lakhs per annum. So, get enrolled in the best CPA coaching in Bhopal and get certified as a CPA today.
3. How can I register for CPA in India?
To register for the CPA certification course in India, you must first register with the NASBA (National Association of State Boards of Accountancy). Make sure that you send all the required educational requirements and submit the transcripts to your state board of accountancy. After this, register for the CPA examination and pay the applicable fees. You will be able to claim your Notice to Schedule (NTS) in the next 3 to 6 weeks after applying for the CPA certification.
After getting your NTS, you can go to the website Prometric to schedule your CPA exams at any of the available testing centers. We recommend you join an institute offering CPA coaching in Bhopal, as it can help you throughout this process.
After getting your NTS, you can go to the website Prometric to schedule your CPA exams at any of the available testing centers. We recommend you join an institute offering CPA coaching in Bhopal, as it can help you throughout this process.
4. Can I do CPA after B.Com?
B.com degree lets you sit in the uniform CPA examination, but you can not apply for the CPA license just after a B.com degree.
To take the CPA examination, you need to acquire at least 120 credit hours. While for the CPA license, you need to have at least 150 credit hours. The B.com degree in India can only provide 120 credit hours. Thus, you can take the uniform CPA examination, but in order to grab the CPA license from any of the 55 state boards, you need to complete your master's degree in any relevant subject. To get assistance with this complex process, you can resort to the top CPA coaching in Bhopal and get the complete roadmap to becoming a certified CPA.
To take the CPA examination, you need to acquire at least 120 credit hours. While for the CPA license, you need to have at least 150 credit hours. The B.com degree in India can only provide 120 credit hours. Thus, you can take the uniform CPA examination, but in order to grab the CPA license from any of the 55 state boards, you need to complete your master's degree in any relevant subject. To get assistance with this complex process, you can resort to the top CPA coaching in Bhopal and get the complete roadmap to becoming a certified CPA.
5. Is a CPA better than an MBA?
If you are looking for management opportunities or want to go into business consulting, then the MBA may be a better-suited qualification for you. On the other hand, if you envision yourself working in the accounting sector, then you may be better off with CPA credentials.
6. What is the fees for CPA coaching in Bhopal?
The fee structure for CPA coaching is different for every institute. However, you should consider only the coaching with a high success rate among their students with a reasonable fee structure for the CPA training in Bhopal. To know it in detail, contact our counsellors.
7. What is AICPA USA?
The American Institute of Certified Public Accountants, or the AICPA, is the nonprofit national professional organization for the CPAs in the United States of America.
The AICPA is also the organization responsible for setting the ethical standards for this profession and US auditing standards for many private companies, nonprofit organizations, and federal, state, and local governments.
The AICPA is also the organization responsible for setting the ethical standards for this profession and US auditing standards for many private companies, nonprofit organizations, and federal, state, and local governments.
Conclusion
The CPA USA certification is one of the most respected credentials that open many global job opportunities for accounting professionals. It is obvious that getting a qualification as prestigious as a CPA is no easy feat. The candidates are required to put in a lot of effort in achieving the US CPA certification.
However, with proper guidance and support provided in the CPA coaching in Bhopal, the journey of becoming a CPA can be a tad easier. Thus, we recommend you join the NorthStar Academy (NSA) for CPA coaching in Bhopal.
We at the NSA are committed to helping students like you achieve their desired International professional certifications in finance. We are also the leading institution with some of the top mentors in India, like M. Irfat Sir, guiding successful students for years.
Our CPA certification course can be studied online, giving you all the benefits of an offline course while being convenient for distance learning students.
So, what are you waiting for? Got any doubts? Contact our counsellors and talk to them.