CPA USA Course in Kerala: Eligibility, Exam, Fees, Job Opportunity

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CPA USA Course in Kerala: Eligibility, Exam, Fees, Job Opportunity

Overview

Professionals with hands-on knowledge and competence in accounting and finance in sync with international standards are highly in demand, which is why there is significant scope for CPA professionals in India and worldwide. 

A CPA USA is a financial and accounting professional who receives certification from the American Institute of Certified Public Accountants or AICPA. For this, many working professionals seek the top CPA USA courses that will assist them in upgrading their skills and aligning them with industry standards. Furthermore, you should understand that this certification will put you ahead of non-certified working professionals and newbies.

By clearing the CPA USA certification exam, candidates in Kerala who want to work in the finance and accounting industries worldwide can obtain the CPA USA certification. 

If you want to pursue a CPA USA Course in Kerala, read this article to learn all the relevant information related to the certification and its training course.

What is CPA USA?

A Certified Public Accountant is a professional who has received accreditation from the AICPA, a member of the NASBA. The CPA USA certification makes the individual eligible to apply for licenses that are granted by each state board. The state board standards, which include study, training, and testing, must be satisfied. 

CPAs are qualified to do a wide range of responsibilities, including financial data analysis, auditing and reviewing, tax preparation, consulting services, financial planning, litigation consulting, and many more.

Before applying for the CPA USA Course in Kerala, applicants should check the eligibility requirements.

CPA USA Eligibility Requirements

Candidates who have earned a B.Com degree or the CA intermediate are qualified to sit for the CPA exam. To acquire the license for the US CPA, you need 150 credit hours of general higher education. Before assessing the use of CPA in India, all of these must be thoroughly considered. In order to be eligible to sit for the CPA US, an applicant must fulfill the specific eligibility standards set out by each state board.

If you are still not sure how to meet the requirements for CPA USA Course in Kerala, Here are some details to aid you in determining your precise needs.

  • If you are taking the CPA test, you must have completed 120 credits with your Bachelor’s degree. However, in order to become certified and obtain your full US CPA license, you will require 150 credit hours, leaving a 30-credit gap that you must cover. To cover the gap, you can obtain two Bachelor’s degrees or one Bachelor’s degree and one master’s degree. If you already have a high school diploma and don’t feel the need to pursue another, you can enroll as a non-degree seeking student at a community college or university and complete the 30 credits.
  • You can receive partial credit from the state boards to sit for the CPA test if you are a chartered accountant.
  • If you are an international CPA candidate from India and have a first division degree in any three-year commerce degree from a NAAC-A recognized university, you may also sit for the CPA test.
  • Practical expertise in accounting or finance is a critical need for overseas students.

CPA USA Certification Fee

There are four components in the CPA test. Exam papers are $250 each. The registration fee is the same in all 55 states. The registration fee for a CPA USA Course in Kerala ranges from Rs. 199,860 to Rs. 218,610. Let’s start breaking this framework.

  • The training costs about Rs. 100,000/-.  
  • The evaluation fee is Rs. 22,000/-.

The below table depicts the CPA fee structure:

Particulars Fee
Total Exam Fee Rs. 73,000/-
International Testing Rs. 109,500/-
Evaluation fee Rs. 23,000/-
Application Fee Rs. 14,600/-
Training Rs. 115,000/-

The average cost of a CPA USA Course in Kerala is up to Rs. 300,000. For all four tests, the CPA exam fee is the same. Each examination costs $250 and lasts four hours. The exam costs might total up to $1000.

CPA USA Syllabus and Subjects

There are four components of the CPA test that you must prepare for. Also, brushing up on fundamental accounting or financial principles would undoubtedly help you improve your concepts. Each area has distinct topics, so be sure to prepare thoroughly for each one in order to produce your best performance in the exam. The four subjects that a candidate should be familiar with before sitting for the main test are as follows:

  • Financial Accounting and Reporting (FAR) 
  • Auditing and Attestation (AUD) 

Each of these topics is covered with 90 questions.

  • Business Environment and Concepts (BEC) 
  • Regulation (REG)

Each of these subjects is covered by 72 questions.

Admission Process for CPA USA Course in Kerala

The entire application process for the CPA exam is complex and time-consuming; however, to make things easier, the following is a step-by-step approach that you may follow to successfully enroll for the CPA exam:

Make sure you’re eligible – The first and most critical step should be to determine whether you are eligible to take the CPA course. You can proceed to the next step of the admissions process once you have confirmed this.

Send transcripts before time – Many candidates choose to complete the application form first and then submit their transcripts to their state board of accountancy. This wastes time since the students must wait for a response from the state board of accountancy. Send all of your transcripts to the state board first, so they may evaluate them while you wait for your application.

Fill out the Form – After you’ve submitted your transcripts for verification, you’re ready to fill out the CPA course form. The application price varies by state, but it is usually around $150 USD; hence, submit the fee and wait for your ATT (Authorization To Test).

Get your ATT – Only once your state has approved your application will you obtain your ATT. With the ATT, you are qualified to sit for one of your state’s CPA test parts. Please be aware that this ATT has a 90-day expiration date. Therefore, you must choose which portion you wish to take within this time frame. Otherwise, you will need to reapply and pay the same application price.

Pay the exam fee – When you’ve decided which test portion you’d want to take in the next six months, you may pay the fees by signing into your NASBA (National Association of State Boards of Accountancy) account. You must wait for your NTS once you have paid (Notice to Schedule). Exam section fees vary by state. However, they typically range from 180 to 250 USD for each part.

Get your NTS – The NTS is a crucial document that certifies your ability to take the CPA test in your state. You will receive your NTS through the mail in 4 weeks. You may arrange your exam through the NTS by logging onto the Prometric website.

Give the Exam – Bring your NTS and two forms of identification to the exam center. Try traveling to the exam facility the day before to familiarise yourself with the traffic and location. When taking the exam, concentrate on answering the questions rather than worrying about the outcome.

CPA USA Job Prospects

After finishing the CPA USA Course in Kerala and becoming a Certified Public Accountant (CPA), you can pick from a variety of employment opportunities based on your interests. Some of them are listed below:

Revenue Accounting Specialist – A revenue accounting expert helps in enhancing system operations and reporting results. These professionals participate in monthly revenue processes, which help audit businesses generate monthly income.

Academia – Accounting professor positions are widely available for CPAs in a variety of institutes and colleges. CPA educators conduct research to expand the corpus of accounting knowledge and write books and papers on accounting theory along with teaching.

Data Analysts – A data analyst’s job is to create solutions to the company’s challenges and make the most of its data assets. The inventory is kept up to date by a data analyst to improve the integration and leverage of planning procedures.

CPAs can apply for positions as financial counselors, budget planners, and other government positions. Let’s explore the areas of the government where CPAs can work:

Government Banks – Experienced CPAs can work in government and semi-government sectors, such as public sector banks. There are several CPA employment prospects in India, such as with the State Bank of India and others. Branch managers, loan officers, auditors, and other CPA positions are available.

GAIL Limited – GAIL is a well-known gas processing company in India. Professionals might pursue CPA job prospects at this company as well. Candidates are encouraged to check the official website on a regular basis for available positions.

LIC – Another renowned Indian organization that a CPA might apply to is the Life Insurance Corporation of India. The company’s structure is diverse, and CPAs can work in financial divisions. 

These are the best industries and positions for a CPA to work in to secure his or her future.

Salary after CPA USA Course in Kerala

In India, there are also several career options following a CPA. Any of these positions are up for the application, and the pay is determined by them. The typical CPA in India makes up to Rs. 7 Lakhs in pay after passing the CPA exam. Despite being a globally recognized degree, the CPA career income varies by country. It starts at Rs. 7 Lakhs and goes up to Rs. 14 Lakhs in India.

After completing a CPA USA Course in Kerala, an entry-level or “fresher” CPA makes roughly 6 lakh rupees a year, or about 50,000 rupees per month. The average pay in metro areas like Mumbai, Delhi, and other places can reach as much as 13.8 Lakhs annually. This also varies from business to company; if you work for one of the Big 4 MNCs, your certified CPA compensation might range from 12.5 to 23 lakhs per year. With more experience comes a significant pay raise. The majority of the time, the salary is mostly based on your experience and competence. Therefore, the compensation that is withheld increases as more duties is handled.

FAQS

1. How can I become a CPA in Kerala?

Candidates must finish at least 150 hours of undergraduate courses to pursue the CMA course in Kerala. The number of accounting hours differs by state. The test is computer-based and is the same all across the world. Candidates must acquire at least 75 points in order to pass the test.

2. Who is eligible for CPA?

 For a student to meet the requirement of a 120 credit score, they must hold an MBA, a master’s degree in the discipline of business, or membership in the Institute of Chartered Accountants of India or the Institute of Company Secretaries of India. After completing the 12th standard from CBSE or a state board, one can begin studying for the CPA USA Course in Kerala while pursuing a UG degree in college.

3. How much is the CPA course fee in Kerala?

 For an Indian student, the entire cost of the US CPA course, including the exam, is usually divided into three parts: Training Fee, Evaluation Fee, and Exam Fee + International Testing. The cost of the CPA exam is $1,000; the cost of the international test is $1,500. The total cost of the CPA USA Course in Kerala without the training cost is between INR 2,00,000 and INR 2,50,000, plus $225 for assessment. The average price in India for the full US CPA program is between 3.5 and 3.6 lakhs INR.

4. How difficult is it to pursue a CPA course in Kochi?

 The CPA Exam overall is difficult, be it anywhere in the world. However, you still have a chance to be successful. By recognizing the problem, you may create plans for fighting difficulties and gain knowledge of the qualities the AICPA considers most in a candidate for a modern CPA. If the applicant wants to pursue a CPA USA Course in Kerala and succeed, thorough preparation is required.

5. Is a US CPA a viable career option in India?

Yes, the CPA credential is a high-level qualification that can lead to top-tier employment with greater pay. A CPA USA profession is consistently full of success and financial advantages, whether it is in India or anywhere else in the world. After finishing your CPA USA Course in Kerala, a candidate can get job opportunities in both the Public and Private sectors.

6. Is a CPA a well-paid career?

Yes, working as a US CPA pays well. The field of accounting and finance is regarded to be dominated by CPAs. They may thus take on any project to help the firm achieve its long-term objectives. As a person’s salary rises over time, their perception of work stability and professional advancement are both boosted. CPA USA Course in Kerala can provide you with a lot of good opportunities in India as well as overseas.

7. What job can I get after a CPA USA Course in Kerala? 

 After passing the CPA USA exam, one has a plethora of job options. Auditor, Public Accountant, Finance Analyst (Chief Financial Officer), and other roles are available in the organization. The number of job openings and the wage scale rise with time.

Conclusion

The importance of the CPA USA Course in Kerala is rising today. If you possess the CPA certificate, you may apply to MNCs in India and for opportunities overseas. A CPA license gives the individual the opportunity to grow professionally and financially. Given the growing need for CPAs in India, candidates should put considerable thought into their studies and put in significant effort to pass the exam.

With its excellent CPA USA course content and professional professors, NorthStar Academy’s CPA coaching center in Kerala will help you kickstart your career. It offers a comprehensive library of handbooks, modules, and practice examinations to help you prepare for your CPA exam. Aside from that, M. Irfat Sir’s coaching is the icing on the cake of achievement for the aspirants.

Don’t wait to apply to NorthStar Academy for CPA coaching in Kerala. Start the process of becoming a prosperous US CPA. Call Now!

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