How much is the CPA Course Fees in Pune? - CPA Course details
Admin 29 Dec, 2023 Introduction
You must have come across the phrase "CPA" countless times as an accounting student. You may also have heard from your professors and classmates about how being a US CPA allows you access to professional career opportunities that were previously restricted to unlicensed accountants.
US CPAs have it all, from higher income potential to the ability to travel to better places. As appealing as it may sound, the benefits of becoming a CPA are something to look forward to. So, if you are considering getting into the course and want to know its details, you are in the right place. Lets discuss all the aspects, including the Eligibility, syllabus, examination pattern, job opportunities, tips, and CPA course fees in Pune.
What is CPA USA?
Certified Public Accountant (CPA) is a worldwide recognized qualification representing accounting proficiency. CPA, or Certified Public Accountant, is regarded as the benchmark in accounting and finance fields. The American Institute of Certified Public Accountants (AICPA), the world's biggest accounting organization, conducts the US CPA course Exam and administers the entire certification process.
Pune has transformed over the last two decades from a largely rural society to a major metropolitan economic force. The economy's growth coincided with an increase in competition. One such industry that has benefited from this economic expansion over the years is the Indian Accounting and Finance Industry, where new employment is being created on a daily basis.
US CPA Eligibility Criteria
The qualifying requirements for US CPA vary depending on the state in which you apply. If you want to apply for a US CPA outside of India, you may only do so in one U.S. province that does not require applicants to have a social security number. Washington, Pennsylvania, Guam, Alaska, and Montana are the states in which you can seek to become a US CPA from India.
You must have a predetermined minimum number of credits in your academic record to sit for the US CPA exam and receive your license. The US uses a credit-based system to evaluate academic performance. The qualifying requirements for US CPA may be formulated as follows based on the Indian academic system:
- For CPA Exam: Graduation + 1 year of Post Graduation (120 credits)
- For CPA License: Graduation + Post Graduation (150 credits)
Here are some pointers to help you determine your exact requirements:
- You must have earned 120 credits with your Bachelor's degree to take the US CPA exam. However, in order to become certified and earn your full US CPA license, you will need 150 credit hours, leaving you with a 30-credit gap to fill. You can bridge the gap by earning two Bachelor's degrees or one Bachelor's degree and one master's degree. If you already possess a high school diploma and do not feel the need to earn another, you can enroll in a community college or university as a non-degree pursuing student and finish the 30 credits.
- If you are a chartered accountant, the state boards will give you partial credit toward taking the US CPA exam.
- You may also take the US CPA exam if you are an Indian international CPA applicant and hold the first-division degree in any three-year commerce degree from a NAAC-A-approved university.
- For international students, having practical knowledge of accounting or finance is essential.
- Along with these academic requirements, the candidate also has to accumulate 2,000 hours of work experience or around two years.
Now that you know the eligibility requirements for the US CPA, let's talk about the exam's syllabus and format, duration, CPA course institute in Pune, and US CPA course fees in Pune.
US CPA Exam Syllabus
Understanding the exam syllabus beforehand can help you prepare for the US CPA certification exam by letting you know what you need to study. Let's have a look at the US CPA test syllabus.
The US CPA exam material is divided into four sections:
- Auditing and Attestation (AUD)
- Regulation (REG)
- Financial Accounting and Reporting (FAR)
- Business Environment and Concepts (BEC)
Let us now look at the sub-topics and weightage distribution in tabular form to see where you should put more effort.
| Auditing and Attestation (AUD) | Business Environment and Concepts (BEC) | Financial Accounting & Reporting (FAR) | Regulation (REG) |
| Area I: Ethics, Professional Responsibilities, & General Principles (15 25%) | Area I: Enterprise Risk Management, Internal Controls, and Business Processes (20 30%) | Area I: Conceptual Framework, Standard-Setting, & Financial Reporting (25 35%) | Area I: Ethics, Professional Responsibilities, & Federal Tax Procedures (10 20%) |
| Area II: Assessing Risk & Developing a Planned Response (25 35%) | Area II: Economics (15 25%) | Area II: Select Financial Statement Accounts (30 40%) | Area II: Business Law (10 20%) |
| Area III: Performing Further Procedures & Obtaining Evidence (30 40%) | Area III: Financial Management (10 20%) | Area III: Select Transactions (20 30%) | Area III: Federal Taxation of Property Transactions (12 22%) |
| Area IV: Forming Conclusions and Reporting (10 20%) | Area IV: Information Technology (15 25%) | Area IV: State and Local Governments (5 15%) | Area IV: Federal Taxation of Individuals (15 25%) |
| Area V: Operations Management (15 25%) | Area V: Federal Taxation of Entities (28 38%) |
US CPA Exam Pattern
The US CPA exam is split into three sections: multiple choice questions (MCQs), task-based simulations (TBS), and written communication activities. They are referred to as testlets as a group. Below is a list of the weights assigned to each section of the US CPA test.
| Section | Multiple Choice Questions (MCQs) | Task-Based Simulations (TBSs) |
| AUD | 50% | 50% |
| BEC | 50% | 35% |
| FAR | 50% | 50% |
| REG | 50% | 50% |
Candidates must receive 75% of the possible points to pass the US CPA certification exam and receive their license as a US CPA practitioner.
Next, we will look into the structure of the US CPA Course fees in Pune.
US CPA Fee Structure
The CPA test consists of four parts. Each exam paper costs $250. In all 55 states, there is a single registration cost. US CPA Course fees in Pune might cost anywhere between Rs. 199,860 and Rs. 218,610. Let's begin to dismantle this structure.
- The training costs about Rs. 100,000/-.
- The evaluation fee is Rs. 22,000/-.
The US CPA fee structure is shown in the table below:
| Specifics | Fee |
| Total Exam Fee | Rs. 73,000/- |
| International Testing | Rs. 109,500/- |
| Evaluation fee | Rs. 23,000/- |
| Application Fee | Rs. 14,600/- |
| Training | s. 115,000/- |
The average cost of the US CPA Course fees in Pune is up to Rs. 300,000. The CPA exam price is the same for all four examinations. A $250 fee and four hours are required for each inspection. The examination might cost up to $1000.
However, please contact us and talk to our counselors to get the exact details of US CPA exams as per the updated trends.
Career Options after CPA
After becoming a CPA, one might find CPA career prospects in a variety of areas, including:
Public Accounting - It 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. The following are the public accounting roles.
- Staff Auditor
- Consulting Senior
- Tax manager
- Tax Staff
Academia - After CPA USA, academia is one of the finest occupations. Following obtaining a CPA, a person can work as a teacher, professor, or school administrator. As a CPA, one can work as a faculty member at various schools and institutions. As accounting teachers, CPAs can teach students about audits, accounting, financial statements, taxation, professional ethics, and other topics.
Government - US CPA employment possibilities in the government sector are among the most secure and rewarding positions to hold. Government departments can benefit from the services of a CPA. He or she can work in areas such as:
- Federal Government
- Local & State Government
- Financial Audits
- Compliance Audits
Corporate Accounting - Among the many CPA USA employment prospects, one may also work in corporate accounting. Here are some of the jobs available.
- Tax accounting department
- Financial accounting and reporting
- Internal audit department
- Management Accounting
Non-Profit Organizations - The perks and services supplied by a non-profit organization are determined by CPA job opportunities. Here are some non-profit work opportunities following a CPA. Check it out:
- Financial Accounting & Reporting
- Internal Auditing
- Controller
Until now, we have discussed every detail related to the CPA course, such as CPA course fees in Pune, Exam Eligibility and structure, and Job prospects for CMA professionals. Now we will be looking into the salary details of a CMA professional.
Salary After CPA USA Certification
There are several opportunities available after CPA in India as well. Anyone may apply for any of these positions and receive a salary based on their qualifications.
In terms of salary after CPA in India, an average CPA may make up to Rs. 7 Lakhs. Despite being trained with international recognition, the CPA career income varies from country to country. It starts at 7 lakh rupees and goes up to 14 lakh rupees in India. A CPA makes roughly $85,000 in the United States. The amount in Canada is $95,000. Despite having a degree that is recognized around the world, the CPA career compensation differs by nation. Since a CPA certified is getting such a good compensation package, the CPA course fees in Pune are justified.
Now that we have covered almost all the relevant CPA details, from CPA course fees in Pune to job prospects and salary, this is the time to understand how we can pass the CPA exam, preferably on the first attempt.
How to Pass the US CPA exam?
Here are some simple study recommendations to assist a prospective CPA candidate prepare and passing the exams:
- Start creating a study plan and make an attempt to keep to it.
- To get ready for the actual exam format, candidates must complete practice tests and questions. These will facilitate their acculturation to the structure, scheduling, and question progression system.
- For each topic, candidates can make their own memory techniques or use digital flashcards.
- Every day, candidates should schedule the ideal time to study for the CPA test. They should decide on the precise amount of time they will devote to their studies, and it should be a more practical and efficient timeline.
- Once all of the exam study material has been covered, candidates must schedule their time so that they finish before the exam date and have time for further practice.
- Candidates can download a mobile study app to review during short breaks during the day, while traveling, or at any other free time that they can utilize to prepare for the test.
Now, you must be accustomed to all the information about CPA courses. You just now need to enroll in a good CPA course in Pune that can also provide some discount on CPA course fees in Pune.
FAQs
1. What is the US CPA course duration?
The training for Certified Professional Accountants (US CPA) must be finished in 18 months or one and a half years. However, if you join a CPA class in Pune after paying the CPA course fees in Pune, you may complete the course in as little as 12 months.
2. What is CPA course eligibility?
A relevant degree in accounting or finance, such as a BCom in accounting, BBA in finance and accounts, BBA accounting, MCom, or an MBA in accounting or MBA in finance, is required of applicants. After paying the CPA course fees in Pune, if you join a Certified public accountant course in Pune, they will help you fulfill all the eligibility criteria
3. Is the CPA exam difficult to pass?
It's crucial to pass the CPA test if one wants to work as a Certified Public Accountant. Although CPA is challenging, it may be easily passed with the right guidance and enrollment in the best CPA certification program. Pay the CPA course fees in Pune to enroll and start preparing. Also, ensure that you have the most up-to-date curriculum and study material for the test, which can be easily acquired with the best NSA CPA course
4. Can I do CPA after BCom?
No, because you only have three years of experience with a BCOM degree, and a CPA requires at least four years of education after the 12th grade. You may register and take the examinations from several US states if you have a BCom plus CA degree
5. Who Earns More CA or CPA?
In comparison to a CA, a CPA is paid more. Although a CA earns a respectable wage, it is insignificant to that of a CPA. A CPA course can be finished in as little as seven months and as much as a year. At least four to five years are needed to finish a CA course. The average annual CPA pay in the United States is $62,410. In India, it is between 8 and 10 lakh, while for a CA, it is between 6.5 and 7.8 lakh.
6. What is the cost of the CPA course?
The total cost of the CPA course fees in Pune, including the exam, is often divided into three parts: the Training Fee, the Evaluation Fee, and the Exam Fee + International Testing. The worldwide examination costs $1,500, whereas the CPA exam costs $1,000. Without the expense of training, the CPA USA Course will cost between INR 2,00,000 and INR 2,50,000 in total, plus $225 for evaluation. Between INR 3 lakh and INR 3.6 lakh, INR is the typical cost in India for the whole US CPA program
Conclusion
US CPA is a highly regarded professional degree that may support career progression and open up various job prospects for the graduate. The course for CPA certification facilitates effective US CPA exam preparation.
Now, when it comes to the top CPA USA coaching institute, NorthStar Academy (NSA) is unmatched. We at NSA offer comprehensive and current study materials, interactive seminars, and recorded lectures from top mentors, like M. Irfat Sir, to aid applicants in getting ready for the test. Because it is a low-cost certification course, the academy will be of great use to you. It also offers numerous package discounts on the total US CPA course fees in Pune to the user.
Apply to NSA and pave the way for future professional advancement. If you have any questions, please call us at +91 8147470707. We would be pleased to assist you.