CPA Coaching in Gujarat | Eligibility, Fees, Exam, Jobs & Salary
Admin 29 Dec, 2023 Introduction
A professional who has passed the US CPA exam administered by the AICPA is known as a Certified Public Accountant (CPA). The US CPAs hold the top-level of skills and knowledge in terms of accounting & finance standards of the United States. CPAs are the foremost authorities when it comes to subjects like US GAAP, US federal income tax, and other US accounting and fiscal laws.
US CPAs are certified to audit, assess, and advise organizations and companies in the accounting domain to achieve taxation and audit-related goals. The professional US CPA course seeks to provide education and training consistent with industry standards.
Our article explores the responsibilities of a US CPA Exam and CPA coaching in Gujarat and defines the steps to become one. CPA Coaching in Ahmedabad can help you complete the course and pass the CPA exam within a year.
How to Become a US CPA?
You must satisfy the educational, test-taking, and experience requirements to become a certified public accountant (CPA). The US CPA Examination (CPA Exam), which consists of four sections, is required of all applicants:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Several organizations are involved in applying for and scheduling your exam and submitting fees to cover your CPA exams. They are as follows:
- NASBA, or the National Association of State Boards of Accountancy, releases the candidate bulletin, which assists you in getting ready for the CPA exam and releasing your CPA score.
- AICPA stands for the American Institute of Certified Public Accountants. The AICPA offers information about the exam and study guides. It also makes pass rates available and administers the CPA USA certification exams.
- Prometric company organizes the CPA exam. You must register and book a seat at a Prometric testing facility to sit for the CPA exam.
It is important to score 72 percent to pass all the exams individually. A scale from 0 to 99 is used to grade each exam section. To pass the US CPA exam, you need to score at least 75 points. Understanding this is crucial because we use it to achieve high scores. Students can do well and pass the test with respectable marks on the heavily weighted ones.
Eligibility Criteria - CPA USA course
The biggest accounting organization in the world, AICPA, is in charge of giving the CPA Exams, which decide the eligibility for the CPA USA exam. All candidates who pass all four CPA exams are eligible for membership in AICPA.
To be eligible for the US CPA exams, a candidate must meet specific requirements. It is significant to check the eligibility criteria before going for CPA Coaching in Gujarat.
- Master's degree or Educational qualification equal to 150 credit points to acquire CPA License.
- 2 Years of Work Experience under CPA Supervision.
- Pass all four Exam sections along with the Ethics exam.
Following your knowledge of the US CPA eligibility requirements, let's examine the US CPA syllabus you will study at a CPA coaching in Gujarat.
US CPA Course Syllabus
The CPA exam lasts four hours and is divided into four sections. Applicants must finish all sections during the allotted 18-month testing period. They have one open testing window during which they can select any section in any order.
The same section cannot be taken more than once during the same testing window. Additionally, candidates won't be able to retake the exam until the following testing window opens if they fail one portion of it. A CPA Coaching in Gujarat offers a syllabus tailored to the CPA certification exam.
The course material is generally divided into four segments:
- Auditing and Attestation (AUD)
- Regulation (REG)
- Financial Accounting and Reporting (FAR)
- Business Environment and Concepts (BEC)
Auditing and Attestation (AUD)
- Ethics, General Principles, and Professional Responsibilities
- Conclusions and Reporting
- Performing Further Procedures and Obtaining Evidence
- Risk assessment, Response Development
Business Environment & Concepts (BEC)
- Economic Concepts and Analysis
- Financial Management
- Operations Management
- Corporate Governance
- Information Technology
Financial Accounting and Reporting (FAR)
- Financial Statement Accounts
- Local and State Governments
- Transactions
- Financial Accounting
- Standard-Setting, Conceptual Framework, and Financial Reporting
Regulation (REG)
- Individual Federal Taxation
- Professional Responsibilities, Ethics, and Federal Tax Procedures
- Property Transaction Federal Taxation
- Business Law
- Entity Federal Taxation
The best way for you to successfully complete CPA USA is to master this syllabus, so enrolling in CPA Coaching in Gujarat would be the best choice. Let's now look at the examination format.
US CPA Exam Pattern
After getting the complete CPA USA Course details, students can look for the coaching of the US CPA Course in Ahmedabad to score the best marks in the exam. The CPA exam is divided into task-based, written communication, and multiple-choice questions.
In recent years, task-based simulations have received more attention. The simulations and multiple choice questions have the same weight, except for BEC. Your total points will be based in part on these questions. The remaining marks, or 50%, are worth the simulations. The AICPA board has also assigned the grade weighting for each topic/section under these assessments.
Testlets are blocks used to manage testing within each section of the exam. Operational and pretest questions are included in testlets. When compared to pretest questions, operational questions are scored. Each testlet on the CPA Exam consists of questions from just one of the three main question types that are present on the exam:
- Multiple-choice questions have four possible answers to a single question. Each exam section is primarily made up of MCQs.
- Task-based simulations: Questions that call for you to use real-world experience. This might entail completing a document or a research question.
- Written Communication: The BEC exam is the only one that contains questions that call for well-written essay responses.
Students can take help from the CPA Coaching in Gujarat to score the best marks in all four exams.
Auditing and Attestation (AUD)
The CPA Exam's Auditing and Attestation section covers engagements for preparation, compilation, and review in addition to audits and attestation. In contrast to the other three CPA Exam sections, AUD tests a candidate's capacity to analyze issues and draw conclusions using judgment. The exam aims to verify that candidates can assess situations truthfully and morally to fulfill a certified public accountant's auditing and attestation obligations.
AUD CPA Exam Format
Five testlets make up the AUD exam:
- Three task-based simulations (TBSs)
- Three multiple-choice questions (MCQs)
Your CPA Exam score is split equally between the TBS and MCQ portions of the AUD exam, with the TBS portion accounting for 50% of your total score.
Business Environment and Concepts (BEC)
All business concepts are covered in the Business Environment and Concepts (BEC) section of the CPA Exam, as well as the significance of a CPA's obligations and responsibilities in the broader context of the business environment. The American Institute of Certified Public Accountants administers BEC and all the other CPA Exam sections (AICPA).
BEC CPA Exam Format
The BEC exam consists of multiple-choice inquiries, simulations based on tasks, and written communication tasks. The BEC Exam consists of five testlets:
- Two testlets with MCQs
- Two testlets with task-based simulations
- One testlet with questions on written communication
The MCQ portion of the BEC exam makes up 50% of the exam score, while the TBS and WC sections make up 35% and 15% of the remaining 50%.
Financial Accounting and Reporting (FAR)
Almost all CPA candidates are anxious about taking the exam's Financial Accounting and Reporting (FAR) section. It is regarded as the CPA Exam's longest, most challenging, and most comprehensive section. Students can easily understand the exam structure under the proper guidance from CPA Coaching in Gujarat.
FAR CPA Exam Format
The FAR Exam has five testlets:
- Two are multiple-choice questions (MCQs)
- Three simulations with tasks (TBSs).
The FAR exam's MCQ portion contributes 50% of the total score, and the TBS portion contributes 50%.
Regulation (REG)
A candidate's knowledge and abilities in U.S. federal taxation, U.S. business law, and U.S. ethics & professional responsibilities related to tax practice are evaluated in the CPA Exam's Regulation (REG) section. The American Institute of Certified Public Accountants administers the REG section of the CPA Exam and all other sections (AICPA).
REG CPA Exam Format
There are five testlets in the exam. These testlets contain operational and pretest questions. Operational questions are scored, but pretest questions are not.
- 3 Task-based simulations
- 2 Multiple-choice questions (MCQs)
The Written Communication (WC) section of the REG exam is empty of questions. It is very important to crack these exams, and students can take guidance from the CPA Coaching in Gujarat and understand the pattern perfectly.
Below is a breakdown of the weighting given to each section of the US CPA exam.
| Section | AUD | BEC | FAR | REG |
| MCQs | 50% | 50% | 50% | 50% |
| Task-Based Simulations | 50% | 35% | 50% | 50% |
| Written Communication Tasks | N/A | 15% | N/A | N/A |
Candidates must receive 75% on the CPA certification exam to pass and become licensed US CPA professionals. This score is easily achieved by enrolling in top CPA Coaching in Gujarat.
US CPA Course Fee
If you intend to pursue CPA USA and sign up for US CPA coaching in Gujarat, you should be aware that the US CPA fees in India are relatively similar across states.
Application Fee
Depending on the state, application fees can range from $50 to $200 (approximately Rs. 3,600 to Rs. 14,500).
Examination Fee
Each section of the examination costs approximately $193.45. (approx. Rs. 14,100)
Registration Fee
Depending on the state, you may apply for each section separately or combine all your applications into one and pay a registration fee to reduce your overall costs. If you register for all four sections at once, you must schedule and show up for all four sections within the following six months; otherwise, the Notice to Schedule (NTS) will no longer be valid.
The checklist of CPA examination registration fees is as follows:
- One section at a time- $63 (approx. Rs. 4,600)
- Two sections at a time- $81 (approx. Rs. 5,900)
- Three sections at a time- $99 (approx. Rs. 7,200)
- Four sections at a time- $177 (approx. Rs. 12,900)
Ethics Fees
After passing the uniform CPA exam, some states require an ethics examination to obtain a license. The cost of the ethics examination ranges from $150 to $200. (approx. Rs. 10,900 to Rs. 14,500).
CPA Licensing Fees
Candidates are qualified to obtain a license after passing the uniform CPA exam and ethics exam; the license cost varies by state and ranges from $50 to $500 annually. To keep your CPA license active and practice CPA, you must pay licensing fees for the rest of the time.
Continuing Professional Education (CPE) for CPA Exam
In order to stay current with industry standards and changes, many states mandate that public accountants complete 40 hours of continuing education annually. The estimated cost of this CPE could therefore range from $800 to $5,000 per year.
NSA counsellors will help you by giving the complete idea of the US CPA Coaching in Gujarat and help you in your career journey.
CPA Salary in India
Around 6,99,728 is the average CPA yearly salary in India. According to Indeed, the average CPA salary in the US is between $35,000 and $155,223 per year, or roughly from an administrative assistant to a certified public accountant. The median wage CPA salary in the US is in the high five figures. Still, the senior CPA in management easily earns a six-figure salary, bringing the average annual salary for CPAs to $119,000 in the US. The data analysis revealed that while CPAs with two or more years of experience earned $152,000, newly licensed CPAs earned $66,000.
Many variables affect how much CPAs earn. Some key variables that affect the CPA salary include your years of experience, the type of business you work for, where you are located, the kind of work you do, and your level of job expertise.
It is possible to finish the CPA course and clear the exam within a year with the assistance of the best CPA coaching in Gujarat.
US CPA Jobs in India
Numerous opportunities to work for some of the most well-known companies in the world are made possible by the US CPA degree. CPAs work for public accounting firms that offer clients of all sizes accounting, auditing, tax, and consulting services. It's a highly sought-after career to audit the financial statements of both public and private companies.
CPAs also offer services in niche industries. CPAs help organizations manage their information technology and the enormous amounts of data collected by conducting risk assessments, analyzing, and implementing system improvements and revisions.
Some of the most profitable jobs in India for a CPA:
- Senior Financial Analyst
- Risk and Compliance Professional
- Corporate Controller
- Personal Financial Advisor
- Finance Director
FAQs (Frequently Asked Questions)
1. Is CPA a certificate or degree?
The American Institute of Certified Public Accountants (AICPA) awards the Certified Public Accountant (CPA) designation to individuals who have demonstrated their proficiency in the area of accounting. If you want to succeed in the exam, enroll in the top CPA Coaching in Gujarat.
2. What is the passing score for the CPA exam?
Candidates must get a score of 75 to pass a section. To better understand the exam pattern and syllabus, students can get guidance from CPA Coaching in Gujarat.
3. Is Indian CPA valid in the USA?
Yes, Indian CPA is valid in the USA. If you pursue the US CPA in India with the top coaching institute and clear all the AICPA-administered exams, you can become a US CPA and work in the USA.
4. Is CPA Exam have a negative marking?
There is no negative marking in the CPA exam.
5. Who Earns More CA or CPA?
The annual salary of a CPA in India ranges from Rs 8 to Rs 10 lakh. However, a CA in India makes between Rs 8-9 lakhs annually. However, this salary increases with experience and skill sets. Moreover, CPAs can earn way higher than the CA if they work abroad in the USA.
6. Is CPA easy or CMA?
If you have taken the CPA exam, you are aware that Part 1 of the CMA exam is comparable to Level 1 of the CFA and that Part 2 is comparable to a harder and more comprehensive version of BEC. Specific hours of CPE are needed for both CMA and CPA certification. CMA is more difficult than CPA.
7. What happens if I fail my CPA Exam?
If you recently failed a CPA exam section and can retake it within the next two months with a score of at least 50. If you can study for the CPA exam for about 15-20 hours per week, you will only need 2 to 6 weeks to prepare. You can also enroll in the best CPA Coaching in Gujarat to crack the exam.
Conclusion
After learning everything there is to know about US CPA, the next step is to decide and apply for it. To make your journey as smooth as possible, seek the assistance of the best CPA Coaching in Gujarat. Since becoming a US CPA is currently one of the most demanding careers, it is crucial to get the right training before taking the exam. Students can take advantage of the best CPA coaching in Ahmedabad.
For the best direction and comprehensive preparation for the US CPA exam, enroll in NorthStar Academy's CPA training in Ahmedabad. Candidates looking to pursue careers in accounting offer a simplified CPA USA certification course that offers expert guidance and Becker International Material.
Join the top CPA Classes in Ahmedabad - NSA, to receive the much-required direction and complete roadmap to become a successful CPA. This certification program provides professional guidance and comprehensive support for those interested in pursuing careers in accounting.
For more information, you can contact us and talk to our counsellors.