CPA Course in Punjab - Fees, Eligibility, Exam Structure
Admin 29 Dec, 2023 CPA Course in Punjab - Fees, Eligibility, Exam Structure
Introduction of US CPA Course in Punjab:
Numerous people opt to enroll in the US Certified Public Accountant Course if they desire to grow in their finance and accounting careers. Your career will receive the necessary boost it needs in terms of salary, employment opportunities, and other aspects if you obtain an internationally recognized qualification like a US CPA. The CPA USA certification process is administered by the American Institute of Certified Public Accountants (AICPA), one of the biggest accounting organizations in the world. The CPA USA is recognized as a top accounting qualification in several nations, including the United States, New Zealand, Canada, Australia, and Hong Kong.
However, becoming a US CPA is not that simple, and without any coaching or direction, the entire process of earning the CPA USA certification is quite challenging. The CPA course syllabus is in-depth and covers a wide range of subjects, including accounting and taxation, law, analytics, auditing, ethics, planning, regulatory frameworks and procedures, and money management. Hence, enrolling in CPA course in Punjab is critical, which can aid you in delivering a holistic path to success.
To prepare and standardize their approach, candidates from various Indian states search for the top certification training programs and courses. Read on if you live in Punjab and are considering enrolling in the US CPA certification program but aren't sure where to look for CPA Classes in Punjab. This comprehensive blog will cover every crucial point you need to be aware of in CPA course in Punjab.
What is the Eligibility for US CPA Course?
You should know all the qualifications before enrolling in CPA course in Punjab. Candidates must complete the following requirements to become a licensed Certified Public Accountant (CPA):
- Education - To take the US CPA exam and earn a CPA license, candidates must meet the CPA USA's minimum educational criteria of 150 and 120 credits, respectively. To qualify for the CPA USA, a candidate must have 150 credits, which equates to a postgraduate degree such as an MBA or Master of Commerce. Candidates need to have a Bachelor's degree in any field with an English language component in order to sit for the US CPA examinations.
- Experience Requirements - Many AICPA-accredited state boards require candidates to have at least two years of regular job experience as a CPA. Because the experience requirement varies by state, you should contact your state's Board of Accountancy for further information.
What is the Syllabus for US CPA Exam?
Students must diligently and strategically study to succeed in the exam and plan, and they must understand the curriculum. It must be completed by each and every candidate for the CPA. When preparing for your exams, it could be useful to keep the syllabus close at hand.
The CPA exam is categorized into four sections, each of which addresses a different area of accounting. Here is a list of the subjects you will be studying for the US CPA Exam in Punjab.
1. Auditing and Attestation (AUD)
| Topics | Weightage |
| Developing a Planned Response & Assessing Risk | 20%-30% |
| Professional Responsibilities, Ethics & General Principles | 15%-25% |
| Obtaining Evidence & Performing Further Procedures | 30%-40% |
| Reporting and Forming Conclusions | 15%-25% |
2. Regulation (REG)
| Topics | Weightage |
| Federal Tax Procedures, Professional Responsibilities, & Ethics | 10%-20% |
| Business Law | 10%-20% |
| Federal Taxation of Property Transactions | 12%-22% |
| Federal Taxation of Individuals | 15%-25% |
| Federal Taxation of Entities | 25%-38% |
3. Financial Accounting and Reporting (FAR)
| Topics | Weightage |
| Standard-Setting, Conceptual Framework, & Financial Reporting | 25%-35% |
| Select Financial Statement Accounts | 30%-40% |
| Select Transactions | 20%-30% |
| State and Local Governments | 5%-15% |
4. Business Environment and Concepts (BEC)
| Topics | Weightage |
| Corporate Governance | 17%-27% |
| Economic Concepts & Analysis | 17%-27% |
| Financial Management | 11%-21% |
| Information Technology | 15%-25% |
| Operations Management | 15%-25% |
What is the CPA Exam Format & Structure?
Blocks called testlets are used to manage testing inside each exam part. Preliminary and operational questions are included in testlets. In contrast to pre-test questions, which are not assessed, operational questions are checked for determining scores. There are three basic question kinds on the CPA Exam, and each Testlet only contains questions from one of these question categories:
- Multiple Choice Questions - There is one question and four possible answers. The majority of each exam section consists of MCQs.
- Task-Based Simulations - Questions that need the use of practical expertise. This might be completing a document or answering a research inquiry.
- Written Communication - Questions that need well-written essay replies that can only be found on the BEC exam.
The formats of the AUD, FAR, and REG Exams are the same. These three tests consist of task-based simulations and multiple-choice questions. Two of the separate testlets have MCQs: the AUD test has 36 questions, the FAR test has 33 questions, and the REG test has 38 questions. Each exam begins with an MCQ element, followed by three testlets of 2, 3, and 3 TBSs for AUD, FAR, and REG, for a total of 8 TBSs per exam section.
The AUD, FAR, and REG examinations have no Written Communication questions. Exam Format for the BEC Multiple-choice questions, task-based simulations, and written communication activities comprise the BEC test. The MCQs are divided into two separate testlets with 31 questions in each, much like the other three tests. The MCQ component of the exam is followed by two testlets of two TBSs each, for a total of four TBSs. Finally, there are three Written Communication questions in the final Testlet, one of which is pre-tested that needs a written answer in memo style.
How much is the CPA USA Course Fee?
The fee structure for the CPA course in Punjab ranges from Rs. 2 Lakhs to Rs. 3 Lakhs. Previously, the fee included travel and housing costs because applicants had to go to the United States to take the CPA exam. Students will, however, be eligible to take the CPA exam in India beginning in 2020. In India, the CPA exam is administered in eight Prometric testing centers: Mumbai, New Delhi, Ahmedabad, Bangalore, Hyderabad, Calcutta, Chennai, and Trivandrum. You must pay additional fees for the administration of each of the four non-refundable exam components before booking the Prometric.
The following table shows the approximate costs connected with each stage of taking the CPA exam:
| Particulars | Fee (in INR) |
| Application Fees | 14,600/- |
| Evaluation Fees | 16,425/- |
| International Testing Fees (4 exams) | 1,09,500/- |
| Exam Fees (4 exams) | 73000/- |
| Total | 2,13,525/- |
This fee structure could be different for different locations. Hence, you can always contact our counselors and discuss the exact CPA USA coaching fees in Punjab.
What are the jobs after US Certified Public Accountant Course?
After enrolling in a CPA course in Punjab and becoming a CPA, one might find CPA career prospects in a variety of areas, including-
Public Accounting - Public accounting is one of the most popular CPA employment options since it serves a wide range of clients. There are now around 46,000 public accountants working in US corporations.
Corporate Accounting - Among the many CPA employment prospects, one may also work in corporate accounting. Here are some of the jobs they can get- Tax Accounting Department, Internal Audit Department, Management Accounting, etc.
Non-Profit Organizations - The advantages and services that a non-profit organization offers are determined by the CPA employment opportunities there. Following a CPA, these are the roles in non-profit organizations.
- Financial Accounting & Reporting
- Internal Auditing
- Controller
Government - One of the safest and greatest positions to hold is a CPA position in the government sector. The effectiveness of government agencies can be raised by CPAs. In Local and State Governments, the CPA is in charge of financial and compliance audits. They also maintain track of the workers' remuneration policy. CPAs undertake performance audits to examine whether or not management is keeping its commitments to taxpayers. At the federal level, a CPA is in charge of the Treasury Department, Revenue Services, the Accounting Office, and so on.
Academia - After obtaining the US CPA certification, a person can work as a mentor, professor, or school administrator. As a CPA, one can work as a faculty member at a variety of schools and institutions. CPAs can teach students about professional ethics, audits, financial statements, accounting, taxation, and other topics as accounting teachers. After CPA, academia is one of the finest occupations. CPAs are research specialists that assist students in gaining a better understanding of numerous accounting and financial issues.
So, these are the CPA job opportunities once you complete the CPA course from CPA course in Punjab.
What is the Salary range for a Certified Public Accountant?
It cannot be questioned that CPA salaries in India are high. The level of education and experience someone has accumulated through time is typically a factor in determining salary ranges. In India, a Certified Public Accountant might earn anywhere between Rs. 9 lakhs and Rs. 50 lakhs annually.
This contrast is due to the competence of professional, qualified CPAs vs. total beginners. The CPA pay in the U.K., India, the United States, and other nations is rather high after acquiring the CPA certificate. As an entry-level employee, a CPA in India earns around Rs. 4-6 LPA. Salary ranges for experienced US CPAs in metro and cosmopolitan regions like Mumbai, Pune, and Delhi can vary from Rs. 13 lakhs to Rs. 15 lakhs per year. Aside from that, US CPAs receive bonuses in the amount of 10% and annual raises in the range of 5% each year. Increases in pay are influenced by a person's level of experience as well as the value they have contributed to the company.
All the relevant information you need to know about the US CPA course and CPA course in Punjab is included in this blog article. We hope this information will help you make a wise decision for your career.
FAQs (Frequently Asked Questions)
What is the eligibility to do CPA?
The qualifying requirements for CPA tests are quite straightforward, although they may differ from state to state. CPA eligibility in India to take the test, a candidate must have 120+ credit hours or 150 credit hours in some states. Indian students must have a bachelor's degree from a recognized university in order to fulfill the credit requirement. It would give them 90 credit points. To meet the rest of the requirements, individuals can either earn a master's degree or any professional course such as CA or CS. One can start their CPA preparation with CPA course in Punjab while pursuing a UG degree in college after passing the 12th grade from CBSE or a state board.
What are CPA course fees in Indian rupees?
The whole cost of the US CPA course for an Indian student, including the exam, is often split 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 USA Course is between INR 2,00,000 and INR 2,50,000 + $225 for evaluation. The cost of the whole US CPA program from a CPA course in Punjab is between 3.5 and 3.6 lakhs INR.
Can I do CPA after the 12th?
Despite the other courses on the list, you cannot start CPA right after graduating from high school. For the CPA program, you must have successfully finished your 12th grade in the commerce stream and have a major in either mathematics, economics, or accounting. In order to get enrolled in a CPA course in Punjab and be qualified to take the CPA Exam, you must first graduate with a minimum of 120 credits.
Is CPA difficult to pass?
Yes, it is true that the Uniform CPA test is regarded as challenging. It includes a broad range of subjects and subtopics that put the person through multiple levels of testing. It puts the candidates' intellectual capacities to the test. But one can join a CPA course in Punjab for preparation and pass the exam in the initial attempts.
Is CPA more difficult than CA?
Both courses are equally challenging; however, the CPA course is thought to be slightly simpler to complete than the CA examination. The CA test covers more topics than the CPA examinations and takes considerable time to complete. The CPA test may be completed in less than a year; however, the CA course needs you to dedicate three years to the CA examination. Join the best CPA course in Punjab to study for and pass all the sections of the CPA test.
What happens if you fail the CPA exam?
According to AICPA regulations, you are not permitted to retake a CPA exam part during the same testing time frame. Therefore, if you failed the CPA test, you must wait until the following Testing window to retake it. To lessen your chances of failure, we advise you to enroll in the best CPA course in Punjab.
What is the duration of the CPA course?
Candidates typically need nine to twelve months to complete the CPA certification program. For a CPA license, one must complete all CPA test portions within 18 months. Candidates can achieve the certification in this time frame if they join a CPA course in Punjab to prepare for the preparation of the CPA exam.
Conclusion:
US CPA is a professional credential that assists candidates to the greatest extent feasible in their careers. The qualification complements their degree and offers opportunities for high-paying positions in prestigious companies. To receive the certification, one must pass the examination with flying colours. Because the US CPA exam is challenging, a competent CPA course in Punjab is required to prepare for the Exam.
In Punjab, NorthStar Academy is the best US CPA institute. One can succeed on the certification exam with the help of NSA's unique study materials and top instructors. M. Irfat Sir is one of the top mentors at NSA and is always available to answer questions and dispel worries for applicants in frequent doubt sessions. Applicants are also given access to free trial courses so they may ultimately decide whether or not to join.
Do not hesitate to contact us if you still have questions that have not been answered. Our experts will gladly address all your questions regarding the CPA certification course and CPA course in Punjab. Call us at +918147470707.