CPA coaching in Delhi - A Complete Overview
Admin 29 Dec, 2023 Introduction
Suppose you are a working accounting professional looking to make a move in the field of Accountancy. In that case, it can be a challenging yet rewarding change, especially if you pursue the CPA USA certification. This certification also provides exciting opportunities for students connected to commerce and boosts their careers. However, to obtain the US CPA certification, candidates need to clear the CPA USA certification exam, which is held four times a year.
Preparing for the US CPA exam can be challenging, especially for students from a non-commerce background who are willing to make a change in their career trajectory. A US CPA coaching in Delhi can help you cope with this challenge and boost your preparation. It can provide expert guidance and the relevant study materials required for the US CPA exam.
Before we delve into how a CPA coaching in Delhi can help you clear the US CPA exam, let us look at the details of the CPA certification itself and the career opportunities you get after acquiring the US CPA License.
What is US CPA Certification?
US CPA or Certified Public Accountant is a certification offered in the field of Accountancy to the candidates validating their knowledge and expertise in the specializations under the umbrella of CPA certification. The CPA certification is your key to becoming a licensed CPA in the international job market in Accountancy.
US CPA Eligibility Criteria
Certain eligibility prerequisites have to be fulfilled to become eligible to apply for the US CPA exam. The eligibility criteria that need to be fulfilled are as follows:
- Educational Requirements
In order to fulfill the educational criterion, candidates need to acquire 150 semester hours of coursework, including 30 semester hours of accounting, out of which 24 semester hours have to be above the introductory level. The following specializations can be studied during the relevant course hours:
- Auditing (excluding Internal Auditing)
- Financial Accounting
- Tax
- Management & Cost Accounting
Besides the topics mentioned above, candidates must also be well acquainted with the Professional Ethics of CPAs.
Alternatively, candidates who score 620 on their GMAT test and hold a graduation degree with 30 semester hours of coursework in accounting and additional work experience may not be required to fulfill the 150 credit hour criteria.
- CPA Experience
Candidates must acquire at least one year of work experience in the relevant fields at a public accounting firm, a government organization, or an individual business.
- CPA Exam
Candidates need to clear all four sections of the US CPA certification exam within 18 months from clearing one exam.
Now that you know the CPA eligibility requirements, let us take a look at the US CPA syllabus, which you would study in a CPA coaching in Delhi.
CPA USA Salary in India
The average annual salary of a licensed CPA working in India is around Rs 7 lakhs, including bonuses and other benefits. Some of the highly preferred fields of expertise for licensed CPAs include Taxation Auditing, Financial Planning, and Analysis, etc. A licensed CPA working in the field of Auditing earns an average of Rs 8 lakhs, while Tax Consultants earn around Rs 7 lakhs. CPA professionals working in the Finance domain also earn an average of Rs 7 lakhs per annum.
So it is natural to be interested to know how to get the USA CPA certification and become eligible for the CPA License. Let us tell you how.
The USA CPA certification can be obtained by clearing the US CPA exam. For that, you need to apply for the CPA certification exam. To do so, you must fulfill certain eligibility requirements for taking the US CPA exam.
US CPA Certification Exam Syllabus
Having in-depth knowledge of the CPA USA exam syllabus is essential as it gives you a detailed insight into what you should study to pass the CPA USA certification exam. The syllabus at a CPA coaching in Delhi is tailored in accordance with the CPA certification exam.
So knowing about the CPA USA syllabus beforehand will help you be well aware when choosing the best CPA coaching in Delhi. Let us take a look.
The syllabus is broadly divided into four sections:
- Auditing and Attestation (AUD)
- Regulation (REG)
- Financial Accounting and Reporting (FAR)
- Business Environment and Concepts (BEC)
Let's check the subtopics & weightage allocation to understand where you should focus more.
Auditing and Attestation (AUD)
- Assessing Risk and Developing a Planned Response (25 35%)
- Ethics, Professional Responsibilities, and General Principles (15 25%)
- Performing Procedures & Obtaining Evidence (30 40%)
- Forming Conclusions and Reporting (10 20%)
Business Environment and Concepts (BEC)
- Enterprise Risk Management, Business Processes, and Internal Controls (20 30%)
- Economics (15 25%)
- Financial Management (10 20%)
- Information Technology (15 25%)
- Operations Management (15 25%)
Financial Accounting & Reporting (FAR)
- Conceptual Framework, Standard-Setting, and Financial Reporting (25 35%)
- Select Financial Statement Accounts (30 40%)
- Select Transactions (20 30%)
- State and Local Governments (5 15%)
Regulation (REG)
- Ethics, Professional Responsibilities, and Federal Tax Procedures (10 20%)
- Business Law (10 20%)
- Federal Taxation of Property-related Transactions (12 22%)
- Federal Taxation of Individuals (15 25%)
- Federal Taxation of Entities (28 38%)
This is the syllabus that you need to excel at, for which joining the CPA coaching in Delhi would be the best step towards your successful completion of CPA USA. Now, lets see the examination pattern.
US CPA Certification Exam Pattern
Knowing & grasping the exam format of the US CPA exam is as important as knowing the syllabus for it. Even the top US CPA coaching in Delhi will make you aware of it and teach you in accordance with the latest pattern. This will help you prepare yourself for the exam on your own, as it is mostly based on your critical analytical skills in Accountancy.
The CPA USA certification exam is divided into three parts based on which questions will be asked. These three sections are MCQs (Multiple Choice Questions), TBS (Task-based Simulations), and other written communication tasks.
Candidates are to be assessed based on their skills & analytical knowledge of the underlying concepts and fundamentals.
The weightage allotted to each section of the US CPA exam is below.
| Section | AUD | BEC | FAR | REG |
| Multiple Choice Questions (MCQs) | 50% | 50% | 50% | 50% |
| Task-Based Simulations (TBSs) | 50% | 35% | 50% | 50% |
Now let us look at the time allotted and the questions for each section of the US CPA exam.
| Section | AUD | BEC | FAR | REC |
| Time Allotted | 4 hours | 3 hours | 4 hours | 3 hours |
| Type & Number of Questions | 90 questions and seven task-based simulations | 72 questions and three written communications tasks | 90 questions and seven task-based simulations | 72 questions and six task-based simulations |
To clear the CPA USA exam and become a licensed US CPA professional, candidates need to secure 75% marks in the CPA certification exam, which can readily be obtained by enrolling at top CPA coaching in Delhi.
Please note that the exam is graded on a scale of 0 to 99. Candidates need to secure a score of 75 to pass each subject of the US CPA exam.
Duration of CPA Course in Delhi
The CPA certification course needs to be completed within 18 months of registering for the exam. However, you can complete the course and clear the CPA exam well within a year with the help of the best CPA coaching in Delhi. The US CPA exam is usually held four times a year, in March, June, September, & December.
CPA Coaching Fees in Delhi
When you decide to pursue the CPA USA and enroll in the US CPA coaching in Delhi, you need to be well acquainted with the US CPA fees in India, which are nearly the same in all the states.
The AICPA charges different categories of fees for the CPA USA certification exam, which include the Registration Fee, Application Fee, Examination Fee, Ethics Fee, CPA Licensing Fees, and Continuing Professional Education (CPE) Fees. The fee break-up in each case has been summarized below for your reference.
- US CPA Application Fees
Depending upon the state you apply to, the Application Fee in India will be between approx. Rs. 3,600 to Rs. 14,500.
- US CPA Examination Fee
The Examination Fee for CPA USA is taken separately for each exam section, which is approx Rs. 14,100 for every section.
- Registration Fee
There are many options for paying the CPA USA Registration Fee. If the applicant decides to club one or more CPA exams at once, they are eligible for discounts on the CPA Registration Fee. However, in such cases, a Notice to Schedule or NTS is issued, which is valid for six months. As per the NTS, the candidates have to complete the exams they have selected; otherwise, NTS will not be valid.
The available options to pay the CPA USA Registration Fee are given as follows:
- Paying for one exam at a time will cost Rs. 4600/-
- Paying for two exams at a time will cost Rs. 5900/-
- Paying for three exams at once will cost Rs. 7200/-
- For all exams clubbed together, the registration fee will be Rs. 12900/-
- US CPA Ethics Fee
An optional fee is required to be paid depending on the state, and it is around INR 11000 - INR 15000.
- US CPA Continuing Professional Education (CPE) Fees
It is also an optional fee for candidates who demand an extra 40 hours of updated necessary education every year so as to stay updated according to industry norms. This fee can range from $800-$5000.
To get a complete idea of the US CPA coaching in Delhi, you can contact us at NSA and discuss it with our counselors.
It must be noted that the registration is valid for up to 18 months. Candidates need to take the exam within this period.
FAQs
1. Can we do CPA by self-study?
It is possible to self-study for the CPA exam. However, the availability of relevant and precise study material becomes a question. Self-studying for the CPA exam will be especially difficult for students from a non-commerce background. Enrolling in the US CPA coaching in Delhi will help you get the right guidance and proper study material to prepare for the CPA certification exam.
2. Is CPA in demand in India?
Licensed CPA professionals are in demand in India across several industries. The Big 4s and multiple national companies look for seasoned CPA professionals with hands-on experience in the field of Accountancy.
3. What is the scope of US CPA in India & USA?
As a Licensed CPA professional, you will get the credibility to work in the international market. CPAs get international recognition and are eligible to work in various fields, including Taxation, Auditing, Financial Planning, Financial Analysis, etc. The scope is vast, so enroll at the best US CPA coaching in Delhi, clear the exam, get certified, and become a successful US CPA by bagging jobs at top MNCs.
4. Who hires CPAs in India?
Most US corporations having offices and branches in India hire CPA professionals. US CPAs are mostly hired by the Big 4s and other MNCs, and other top Finance & Accounting companies in India.
5. What is the average salary of a CPA in India as a fresher?
The salary of a fresher CPA professional in India is around six lakhs INR per annum. Licensed CPAs working in the metro cities of India can earn up to 13.8 lakhs INR per annum.
Conclusion
Opting for a US CPA can open up many avenues within the domain of Accountancy, and you can practice as a licensed CPA anywhere in the world. While CPA USA can offer many rewarding career opportunities, tackling the US CPA certification exam can be a real challenge. Preparing for this comprehensive exam can be made easier with the help of the best US CPA coaching in Delhi.
Enroll in the best CPA institute in Delhi, NorthStar Academy, for the right guidance and a well-rounded US CPA exam preparation. You can get expert guidance & thorough support in their streamlined CPA USA certification course for candidates aspiring to make careers in Accountancy.
If you enroll in NSAs CPA course in Delhi, you can avail yourself of the Bundle discounts on the CPA Exam fee. To assist in your preparation, NorthStar Academy provides thoroughly researched, well-written, detailed study material, in association with BPP Learning Media, for the CPA USA exam.
So don't wait anymore for the next exam season. Join NorthStar Academy (NSA) today and start your preparation for making a career as a successful US CPA today!
For more information or in case of any doubts, please feel free to contact us or call +91 8147470707.