Introduction to US CPA

The need for skilled accounting experts is dramatically rising as corporate activity worldwide has increased. These accountants or financial specialists play a significant part in guaranteeing the company’s financial stability and, as a result, assist the business in growing profitably. They also make strategies to help the firm expand, followed by other financial departments. 

Accountants are highly revered & respected in the industry and receive competitive pay due to their critical contribution to the expansion of a firm. Many want to work in the accounting sector because of the better pay and well-respected lifestyle accountants enjoy.

Due to the high responsibility associated with the position, businesses prefer to select accounting experts with a successful track record. What more impressive approach is there than to demonstrate your skill as an accountant by obtaining a US CPA certificate, a qualification accepted worldwide? Well! If someone in Delhi wants to work as an accounting professional, they can pursue the top US CPA coaching in Delhi. It might not be easy to study for the US CPA exam independently, especially for individuals without a history in commerce who want to alter their professional path. You may overcome this obstacle and improve your preparation with the best US CPA coaching in Delhi. 

Here are some facts about the US CPA course in Delhi that you should be aware of if you intend to become one.

What are the Eligibility Criteria for US CPA Exam & CPA License?

The AICPA or American Institute of Certified Professional Accountants officially administers the US CPA exam. The US CPA license is regarded as the top professional credential in accounting or finance in the United States, which impacts the eligibility of Indian students to take the US CPA certification exam. 

To be eligible for the US CPA exam in the US, an applicant must fulfill the eligibility requirements set out by each state board. In India, a bachelor’s degree (3 years) is comparable to 90 credits; however, in the United States, it is equivalent to 120 credits, which is the needed amount of credits to sit for the US CPA test. An Indian student must make up for the difference in the number of credit hours needed to take the CPA test.

If you want to join a CPA coaching in Delhi to prepare for the CPA exam, then you should consider the following criteria:

• To get your US CPA license and become certified, you must complete 150 credits. You can meet the criteria by earning two bachelor’s degrees or a bachelor’s degree and one master’s degree. You can enroll as a non-degree-seeking student at a university or community college and complete the required 30 credits if you already have a diploma and do not need to pursue another one.
• You may also sit for the exam if you are an international candidate for the US CPA test from India and have a first-class degree in any three-year commerce field from a university with a NAAC-A rating.
• Hands-on experience in accounting or finance is another essential need for overseas students. A minimum of 2,000 hours in a career related to accounting are required of candidates.

You can receive some credit from the state boards to sit for the CPA exam if you are a Chartered Accountant (CA). Next, we will discuss the syllabus for the CPA classes in Delhi.

Syllabus Covered at US CPA Coaching in Delhi

There are four components of the US CPA exam that you must study. To perform at your best in the US CPA exam, prepare adequately for each area as they each include a separate set of subjects. CPA coaching in Delhi will help you understand the fundamental ideas in accounting or finance will help you refine your ideas.

• Auditing and Attestation (AUD)
• Regulation (REG)
• Financial Accounting and Reporting (FAR)
• Business Environment and Concepts (BEC)

Auditing and Attestation (AUD)

Topic and Allocation

Ethics, Professional Responsibilities, and General Principles

15-25%

Assessing Risk and Developing a Planned Response

25-35%

Performing Further Procedures and Obtaining Evidence

30-40%

Forming Conclusions and Reporting

10-20%

Regulation (REG)

Topic and Allocation

Ethics, Professional Responsibilities, and Federal Tax Procedures

10-20%

Business Law

10-20%

Federal Taxation of Property Transactions 1

12-22%

Federal Taxation of Individuals

15-25%

Federal Taxation of Entities

28-38%

Financial Accounting and Reporting (FAR)

Topic and Allocation

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%

Business Environment and Concepts (BEC)

Topic and Allocation

Enterprise Risk Management, Internal Controls, & Business Processes

20-30%

Economics

10-20%

Financial Management

10-20%

Information Technology

15-25%

Operations Management

15-25%

Fee Structure of CPA coaching in Delhi

Application Fee – The fee for completing an application varies by state and ranges between $50 and $200. (Rs 3,600 to Rs 14,500 in India).

Exam Fee – Each portion costs roughly $193.45. (about Rs. 14,100).

Registration Fee –To save total costs, rather than submitting multiple applications for each section, one might submit a single application for all segments along with a registration fee. If you register for all four sections at once, you must schedule and present for all four sections within the next six months; otherwise, the Notice to Schedule (NTS) will expire. Taking the CPA test comes with the following costs:

• When you evaluate each part independently – Rs. 4,600
• Taking two parts at once – Rs. 5,900
• When you combine three parts – Rs. 7,200
• If you take four parts at the same time – Rs. 12,900

Ethics Fee – In certain states, obtaining a license requires passing both ethical and regular CPA exams. The cost of the ethics test fluctuates between $150 and $200. (Rs. 10,900 and 14,500)

CPA License Fee – The license cost varies by state and ranges from $50 to $500 each year for applicants who pass both ethics and the regular CPA exams.

US CPA Exemptions

• Students in their last year of CA/CMA who earned more than 50 points on their final test can quickly obtain some exemptions from the US CPA certification exams. You are exempt from the US CPA eligibility requirements if you have a CA/CMA accounting degree. 
• You can gain an exemption in the first two topics/subjects, AFAE and BRLC if you are an intermediate CA/CMA student.
• If you are a fully certified CS, you may be excused from taking taxation and company law tests.
• After passing specific tests on Business Laws, Indian GAAPs, and Indian Taxation Laws, holders of the ACCA Advanced diploma or affiliates may qualify for the CPA/CTPr Award.

Career After Obtaining US CPA Certification

Consider exploring areas of expertise among the several CPA job pathways available. For instance, internal auditors look into and provide reports on a company’s operations and financial records. Financial analysis is a different expertise that includes examining financial data to support corporate growth. Some of the opportunities that you might want to explore are:

• Academia – This is a great career option for US CPAs interested in giving back to their communities and promoting the profession to the next generation of students. CPAs can work as mentors for students or even as researchers to create novel accounting techniques. 

• Government – The government manages its finances with the aid of accounting and CPA specialists. They perform various tasks for the municipal, state, and federal governments. Recent CPA graduates ready to work hard and grow within the company may pick this career route because they are well-paying roles.

• FBI Agent/Forensic Accountant – Becoming a forensic accountant can be the appropriate choice for you if the idea of solving mysteries or participating in judicial investigations appeals to you. Forensic accountants solve complex cases in demanding and fascinating settings.

• Non-Profit Organizations – In non-profit organizations, accountants ensure that every dollar is correctly accounted for and that the financials are in order. Numerous major non-profit organizations manage millions of dollars annually, even though many of these administrative budgets are far lower than those of a vast company.

• Smaller Firms – Regional accounting businesses might also help prospective CPAs gain helpful experience. These businesses occasionally run more slowly than the Big 4, giving employees a less stressful setting to grasp the complexities of their jobs.

You can quickly get jobs at higher positions in the MNCs like Big 4s by enrolling at the US CPA coaching in Delhi and following their complete roadmap.

Salary of a US CPA

It is an undisputed fact that CPA salaries in India are high. The CPA coaching in Delhi fees are justified by the substantial pay a candidate may expect after passing the exam. There is no doubting the high CPA salary in India. The substantial compensation a candidate may earn after passing the CPA test justifies the CPA tutoring costs in India. The level of experience and training a person has accumulated over time is typically a factor in determining salary ranges. In India, salaries for certified public accountants can range from Rs. 9 lakhs to Rs. 50 lakhs.

This difference results from the knowledge of professional, qualified CPAs and a comprehensive fresher. As an entry-level employee, a CPA in India makes about Rs. 4-6 LPA. In metropolitan and cosmopolitan regions, remuneration for senior US CPAs might vary from Rs. 13 lakhs to Rs. 15 lakhs annually. The Big4 firms offer their employees the highest-paying employment in India. The CPA salary in the Big 4 businesses is based on the duties and responsibilities assigned to an employee. The Big 4 pay between 12 and 25 lakh rupees per year.

So, we’ve covered all you need to understand about US CPA coaching in Delhi in this one blog article. Read on to learn more about the top US CPA institute in Delhi.

 

FAQs (Frequently Asked Questions)

1. Can we do CPA by self-study? 

Ans. You can attempt self-study if you are well-versed in financial accounting and audit procedures and have a strong sense of discipline. In addition to your accounting knowledge, the CPA will test your comfort level using MCQs and simulation problems. Consider taking a CPA coaching in Delhi for this. These review programs and study guides might provide you with some helpful advice, and they could also make it easier for you to learn in a structured, logical manner.

1. Is CPA in demand in India?

Ans. There is a high need for professionals in India who have practical knowledge of and competence in accounting and financing as per international standards, which explains why there is a strong future for CPAs in India. It is recommended for students with an accounting background or business professionals to take the CPA exam with the help of CPA coaching in Delhi.

1.  Scope of CPA in India & USA?

Ans. The US CPA program offers comprehensive knowledge of US GAAP, US Taxation, and US Auditing, providing fantastic career opportunities to certified professionals. Holders of a CPA certification can earn 10% more than the average salary of their peers and have access to several professional advancement options. This scope of CPA in India has been made possible by increasing demand for CPAN among MNCs and the Big4 companies. In light of your best interests, CPA coaching in Delhi provides you the support you need to accelerate your career.

1. Who hires CPAs in India?

Ans. International financial accounting and corporate governance are additional skills that CPAs in India are proficient at managing. Thus, CPAs are employed by many profiles inside the financial services company. Consequently, there are more opportunities for CPAs in India, where businesses hire them in large numbers. The majority of US businesses with branches and offices in India hire CPAs. The Big 4s, other MNCs, and other leading Finance & Accounting firms in India primarily employ US CPAs. Join CPA coaching in Delhi to explore more job opportunities.

1. What is the salary of a CPA in India as a fresher?

Ans. In India, the average income for a new or entry-level CPA is about six lakhs per year or about 50,000 per month; however, in major metropolises like New Delhi, Chennai, Mumbai, Bangalore, and Hyderabad, the salary may reach as high as 13.8 lakhs per year.

1. How much is the course fee for CPA coaching in Delhi?

Ans. The entire cost of the US CPA course for an Indian student and the test is often broken down into three parts: the Training Fee, the Evaluation Fee, and the Exam Fee + International Testing. The CPA exam costs $1,000, while the overseas test costs $1,500. Without the training expense, the total cost of the CPA coaching in Delhi is between INR 2,00,000 and INR 2,50,000 + $225 for evaluation. The cost of the whole US CPA program in India is between 3.5 and 3.6 lakhs INR.

Conclusion

Now that we have explained all you need to know, you may decide how you want to study for the exam and obtain the US Certified Professional Accountant (US CPA) certificate. Obtaining a professional certification might require extensive research & knowledge of which one is the best for your career. You may enroll in CPA coaching in Delhi to support your efforts and receive the needed training to pass the US CPA certification exam on your first attempt! Enroll in NorthStar Academy for the finest preparation for the US CPA certification exam.

NSA’s US CPA certification course offers you the best-in-class Becker’s study material covering the entire syllabus comprehensively. At NSA, you will receive detailed instructions and professional assistance while preparing for the US CPA certification test. To pass the CPA USA certification exam and become a qualified accounting professional, you will benefit from receiving coaching from experienced mentors like Mr M. Irfat.

So don’t wait; enroll at NorthStar Academy today and begin laying the groundwork for a lucrative future as a US CPA! Make a call right away. +91 8147470707