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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. Let’s discuss all the aspects, including the Eligibility, syllabus, examination pattern, job opportunities, tips, and CPA course fees in Pune.
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.
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:
Here are some pointers to help you determine your exact requirements:
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.
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:
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%)|
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)|
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.
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 US CPA fee structure is shown in the table below:
|Total Exam Fee||Rs. 73,000/-|
|International Testing||Rs. 109,500/-|
|Evaluation fee||Rs. 23,000/-|
|Application Fee||Rs. 14,600/-|
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.
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.
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:
Corporate Accounting – Among the many CPA USA employment prospects, one may also work in corporate accounting. Here are some of the jobs available.
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:
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.
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.
Here are some simple study recommendations to assist a prospective CPA candidate prepare and passing the exams:
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.
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.
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
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
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
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.
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
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.