If you want a lucrative career in accounting and want to work in the US or anywhere worldwide, then Perhaps the CPA USA is the best option available. As a CPA, you will be able to work on the same level as an Indian Chartered accountant in any of the 55 states of the United States.
There is a lot of demand for CPA-certified accounting professionals in the United States and worldwide. The CPA USA certification course by the best CPA USA coaching in Chhattisgarh provides the candidates with all the required skill sets to sustainably grow a multinational company’s financial aspect. Because of this, many US-based firms and MNCs are on a constant hunt for talented accounting professionals with CPA credentials to join their respective firms.
Because of the global reach and the opportunity to work in top organizations provided by the CPA certification, many students/professionals from around the world are planning to join the CPA certification course at the top CPA coaching centers in Raipur, Chattisgarh.
However, getting a prestigious qualification, such as the USA CPA, is not an easy task. You need genuine efforts to go through and clear the CPA examinations. You may also need proper guidance and coaching from a CPA institute in Chhattisgarh to excel at the US CPA exams.
Candidates often find it difficult to understand the curriculum of CPA USA coaching in Chhattisgarh. In this blog, we will try to understand CPA USA coaching offered by the CPA institute in Chhattisgarh. Let’s start with the basics –
The CPA, which stands for Certified Public Accountant, is one of the most prestigious professional certifications in accounting and finance. The CPA certification is offered by the American Institute of Certified Public Accountants (AICPA), which is said to be the world’s largest accounting body.
The CPA certification is considered to be the gold standard of competence in the field of accounting and finance. The US CPA certification signifies that the person holding this certification possesses knowledge of IFRS, GAAS, US GAAP, and US Federal Taxation & Business Laws. This knowledge aids the CPA-certified professional in working in the United States.
However, to get through the certification course, you must properly understand the CPA USA coaching in Chhattisgarh. You may need guidance and CPA training in Raipur from the institutes.
There are many steps that you need to complete before becoming a CPA. To become a CPA professional, you first need to meet the eligibility criteria, which can vary depending on your state board. Then, you need to clear the Uniform CPA examination. Only after passing the US CPA examination will you be able to apply to get your CPA license.
Eligibility Criteria –
The minimum educational requirement for taking the Uniform CPA examination for a candidate is 120 credit hours, and you will need 150 credit hours to apply for the CPA license. 150 Credit means that the candidate with a Postgraduate degree such as an M.Com or an MBA (5 years of curriculum). Moreover, some state boards may require you to have at least two years of regular working experience under a US CPA.
Overview of US CPA Examinations in Chhattisgarh
The US CPA certification exam is divided into four parts, covering different aspects of accounting and finance. The four parts of the uniform CPA exams are as follows:-
1. Auditing and Attestation (AUD) – This section tests the essential knowledge and skills of the candidates that a CPA must demonstrate when performing audit engagements, review service engagements, and attestation engagements or accounting.
2. Regulation (REG) – This section focuses on U.S. Ethics, US Federal Taxation, professional responsibilities related to tax practice, etc.
3. Financial Accounting and Reporting (FAR) – This section tests the candidate’s knowledge of financial accounting and frameworks used by various entities.
4. Business Environment and Concepts (BEC) – This section tests the candidate’s skills in performing audits, attestations, accounting and review services, Tax Preparation, Financial reporting, and others.
The weightage of each section of the US CPA exam is below.
|Multiple Choice Questions (MCQs)||50%||50%||50%||50%|
|Task-Based Simulations (TBSs)||50%||35%||50%||50%|
Let us see the time allotted and the questions for each section of the US CPA exam.
|Time Allotted (in hours)||4||3||4||3|
|Type & Number of Questions||90 questions and seven TBS||72 questions and three written communications tasks||90 questions and seven TBS||72 questions and 6 TBS|
To clear the Uniform CPA exam and become a licensed US CPA professional, candidates need to secure 75% marks in the US CPA certification exam.
The CPA USA is said to be one of the hardest accountancy-related credentials to gain in the United States. The candidates must treat the US CPA exams with seriousness and importance to pass them. To join this prestigious group of CPA professionals, the candidates must put in genuine efforts and a lot of time preparing.
Although you might pass some of the CPA exams without the help of any institute, becoming a CPA professional is not easy without proper guidance and assistance from a CPA institute in Chhattisgarh. The self-study approach does not suit many individuals. Hence it is recommended to join CPA classes in Raipur to excel at the uniform CPA examination.
Joining a recognized and reliable CPA institute in Chhattisgarh is very beneficial for the candidates. Some of the prominent benefits of joining a CPA training in Jaipur under a CPA institute in Chhattisgarh are:-
CPA institutes in Raipur provide the study material based on the latest syllabus. Collecting all the relevant study material can be difficult, but joining an institute saves time and effort. Many CPA institutes in Chhattisgarh also provide their own exclusive & most-preferred study material from Becker for better learning (like the NSA).
Teachers and mentors in the CPA institutes are well-qualified and hold years of teaching experience in CPA exams. They have helped many students to go through the uniform CPA examination. They apply the latest teaching methods to make students easily comprehend each and every concept present in the CPA USA exam syllabus.
The mentors will make the most difficult topics of accounting appear to be the simplest. Thus, making your journey through the CPA exams a tad bit easier.
The US CPA coaching in Raipur creates a unique environment for candidates that improves their studying and learning skills. Candidates get a chance to sit and learn with other candidates aspiring for the same qualification. In this environment, students can interact with each other, learn things and help each other in clarifying doubts.
Mock CMA tests are a huge part of CPA coaching in Raipur. Institutes conduct mock tests at regular intervals that allow the candidates to have a scope of self-evaluation. Such mock tests become important for an examination as prestigious as CPA exams. Through these mock tests, the candidates can find their weak points and then can improve.
Qualified mentors at top CPA institutes with years of teaching experience under their belt have helped students go through the CPA certification exams. Thus, they have a stock of tips and tricks that candidates can use to ace the CPA USA examination.
The CPA institute in Chhattisgarh doesn’t only help in achieving the CPA certification and CPA license but also with the other aspects of your career as a CPA. Once you have gained your desired CPA license, the institutes help you with getting your dream jobs in a Multinational company or a US-based firm.
This is one of the most valuable privileges that you may get by joining a CPA institute rather than doing self-study for the CPA exam preparations.
Certified Public Accountants (CPA) are highly valued in the United States. The CPA certification and license signifies that the person holding it possesses extreme expertise in the fields of accounts and finance. Because of their expertise, they can command good salaries nearly anywhere around the world.
The average salary of a CPA professional in India at an entry level is around Rs 6 Lakh per annum. As time and you gain more experience in your accounting career, you will be able to fetch a much higher salary. And as CPA is an internationally recognized certification, you will also be able to get a high-paying job outside India. In the United States, you can get an average salary of $73,560 per annum as a licensed CPA professional.
The exact cost of doing the CPA in India may vary quite heavily, depending on the selection of the evaluation agency and state board. Also, fees of the CPA institute in Chhattisgarh, from where you choose to pursue the USA CPA training in Raipur. Study material and the travelling cost also vary from individual to individual.
However, The whole average cost to complete a US CPA certification Course in India hovers around 2.5 to 3 lakhs in Indian rupees. INR to the USD exchange rate may also change the exact amount.
Job opportunities for a CPA in India are immense. With the emergence of many new start-ups and tech companies, which also deal with the US markets, the requirement for CPA individuals is soaring high.
There are many job roles that the candidate can apply for after completing the uniform CPA examination. Some of them are:-
Personal Finance Advisor
Risk and Compliance Professional.
Accounting Software Developer.
Information technology Accountant.
Chief Finance Officer or CFO
US CMA (Certified Management Accountant) and the CPA (Certified Public Accountant) are top-level professional certifications in the field of accounting and finance. Both function as accountants but with a difference in approach. Choosing which certification to pursue is a significant decision, as it can set the trajectory of their career path.
CPA professionals usually start their career as Public Accountants (generally working in tax and auditing) in the United States. While the US CMA-certified professional works as a management accountant and is responsible for the cost and financial analysis of a business.
Getting the CPA certification and license is considered more burdensome while going through the CMA certification is a little less tiring.
CPA stands for Certified Public Accountant, and these exams are conducted by the American Institute of Certified Public Accountants (AICPA). In contrast, CA stands for Chartered Accountant, and these exams are conducted by the Institute of Chartered Accountants of India (ICAI).
The CPA license gives you the opportunity to work as a Public Accountant in the United States and as a finance professional in many other parts of the world. In comparison, the CA qualification lets you practice accountancy in India. CA doesn’t have much international recognition, so getting a job outside India with only CA credentials is difficult.
The CPA USA certification is one of the most respected credentials in accounting and finance. Companies from all around the world, especially those which deal with the US market, are actively looking for talented CPA professionals. Thus, Opportunities for a CPA are immense.
However, you may need proper guidance and coaching from the top CPA institute in Chhattisgarh. With proper Certified Public Accountant training in Raipur, going through the uniform CPA exams is difficult.
Thus, we recommend you enroll at the NorthStar Academy (the top CPA institute in Chhattisgarh) and start walking on the path of CPA under the incomparable guidance of our world-class mentors. Our top experienced mentors, frequent doubt sessions, and updated study material from Becker have helped thousands of candidates achieve their CPA dream.
In case if you still have any queries that have not been clarified, then please contact us. Our consultants will answer each of your queries regarding the CPA certification course and the CPA training in Raipur provided by our institute.