Details You Should Know Regarding US CPA Coaching in Coimbatore

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Details You Should Know Regarding US CPA Coaching in Coimbatore

Introduction

Choosing a certification based on your choice of career can be perplexing, especially when there are many options available in the same field. If you are keen on making a career in Accountancy by acquiring a professional certification with international recognition and prosperous career prospects, the US CPA Coaching in Coimbatore is just the professional certification for you.  

In this article, you will get all the relevant information about the US CPA certification and your path to acquiring the CPA License to practice as a US Certified Public Accountant. Let’s get right into it.

Who is a US Certified Public Accountant?

The US Certified Public Accountant or CPA is a globally recognized professional certification in the field of Finance and Accounting offered to individuals validating their credentials and knowledge in the relevant field of expertise. The American Institute of Certified Public Accountants (AICPA) accredits the US CPA certification in association with NASBA to individuals who successfully clear the Uniform CPA exam. A CPA License is issued to the successful candidate after that.

Career Prospects of a CPA USA

The US CPA, an internationally recognized certification in Finance and Accounting, is greatly in demand. Licensed CPA professionals are hired by the top MNCs and organizations, including the Big 4s, for their expertise and skills in various financial and accounting aspects of their organization. 

Licensed CPAs have prosperous careers with excellent growth curves and salary prospects. They can fill in numerous job roles catering to the needs of the company, such as:

  • Accounting & Auditing Firm
  • Investment banking
  • Research firm
  • Hedge Funds
  • Commercial banks
  • Private equity firms
  • Mutual funds
  • Merger & Acquisition
  • Insurance firms
  • Credit agencies
  • Central banks
  • Asset management firms, and many more.

US CPA professionals are offered positions at the hiring company as Public Accountants, Budget analysts, Tax examiners, Business systems analysts, Internal Auditing, Financial Advisors, Forensic Accounting, etc. Even the salary packages offered to licensed CPA professionals are great for an accounting career. The average annual salary of a licensed US CPA in India is INR 7-9 LPA. Internationally, it can range between $82,000 and $129,000 per annum. With increasing experience in the field, licensed professionals will have a prosperous career with vertical career growth up the corporate ladder.

The US CPA certification can be obtained after completing the Uniform CPA exam conducted by the AICPA and NASBA. Assistance from the US CPA coaching in Coimbatore can help you clear the Uniform CPA exam easily in just one attempt. Read ahead to learn the Certified Public Accountant course details elaborately.

US CPA – Certified Public Accountant Course Details in Coimbatore

The top US CPA coaching in Coimbatore, like NorthStar Academy (NSA), has been the highly preferred choice for many US CPA professionals. 

Owing to the high success of the CPA USA certification course from NSA, you can enroll in the CPA coaching in Coimbatore to receive complete guidance for your preparation from the top experienced mentors in the field. This US CPA course has many aspects to it; hence, before we get into the US CPA course details in India, you have to know about the eligibility requirements for taking the Uniform CPA exam.

Eligibility Criteria for CPA USA

  • Candidates must possess a Master’s degree from a recognized University or institution.
  • Candidates should possess at least 1-2 years of work experience under a licensed US CPA.
  • After graduation, candidates must acquire 150 credits to apply for the US CPA exam.

Although the CPA exam can be beneficial for starting your career or changing your career trajectory, it is important to know the eligibility prerequisites for taking the Uniform CPA exam as specified by the AICPA. The eligibility criteria to be fulfilled include the following:

Now that you are acquainted with the eligibility requirements for the Uniform CPA exam let us take a look at the CPA course details in India.

Cpa Institute In Bangalore

Uniform CPA Exam Syllabus

Knowing the Uniform CPA exam syllabus is highly recommended as it gives you an insight into what you will have to study in the CPA USA coaching in Coimbatore for the Uniform CPA exam. The syllabus at the CPA coaching in Coimbatore follows the official pattern of the US CPA certification exam. 

Let us take a look at the Uniform CPA exam syllabus that you will study in the US CPA coaching in Coimbatore.

The US CPA exam syllabus consists of four sections:

  • Auditing and Attestation (AUD)
  • Regulation (REG)
  • Financial Accounting and Reporting (FAR)
  • Business Environment and Concepts (BEC)

Let us now check the sub-topics and weightage allocation given in parentheses to understand where you should focus more.

Auditing and Attestation (AUD)

  • I: Ethics, Professional Responsibilities, & General Principles (15 – 25%)
  • II: Assessing Risk & Developing a Planned Response (25 – 35%)
  • III: Performing Further Procedures & Obtaining Evidence (30 – 40%)
  • IV: Forming Conclusions and Reporting (10 – 20%)

Business Environment and Concepts (BEC)

  • I: Enterprise Risk Management, Internal Controls, and Business Processes (20–30%)
  • II: Economics (15 – 25%)
  • III: Financial Management (10 – 20%)
  • IV: Information Technology (15 – 25%)
  • V: Operations Management (15 – 25%)

Financial Accounting & Reporting (FAR)

  • I: Conceptual Framework, Standard-Setting, & Financial Reporting (25 – 35%)
  • II: Select Financial Statement Accounts (30 – 40%)
  • III: Select Transactions (20 – 30%)
  • IV: State and Local Governments (5 – 15%)

Regulation (REG)

  • I: Ethics, Professional Responsibilities, & Federal Tax Procedures (10 – 20%)
  • II: Business Law (10 – 20%)
  • III: Federal Taxation of Property Transactions (12 – 22%)
  • IV: Federal Taxation of Individuals (15 – 25%)
  • V: Federal Taxation of Entities (28 – 38%)

US CPA Examination Pattern

You have to be well aware of the Uniform CPA exam pattern so that you can prepare for the exam accordingly. It also helps you be mentally accustomed and comfortable when taking the official exam. 

The US CPA certification exam has been divided into three parts MCQs (Multiple Choice Questions, TBS (Task-based Simulations, and Written Communication Tasks.

Candidates are to be tested based on their skills and analytical knowledge of the concepts included in the syllabus.

The weightage given to each section of the US CPA exam is below.

Section AUD BEC FAR REG
Multiple Choice Questions (MCQs) 50% 50% 50% 50%
Task-Based Simulations (TBSs) 50% 35% 50% 50%

Now let us take a look at the time allotted and the number of questions for each section of the US CPA exam.

Section AUD BEC FAR REC
Time Allotted 4 hours 3 hours 4 hours 3 hours
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.

US CPA Course Duration

When you enroll in US CPA coaching in Coimbatore, you need to be well aware of the duration within which you can complete your course of study. The Certified Professional Accountant (US CPA) course must be completed within 18 months from the time of registration. You can reschedule the exam at an extra charge but the sooner, the better! 

However, with the help of the best CPA coaching in Coimbatore, you can complete the US CPA training in just 12 months!  

US CPA Course Fee in Tamil Nadu & Coimbatore

When you decide to pursue the US CPA certification exam and enroll yourself in US CPA coaching in Coimbatore, you need to be well acquainted with the US CPA course fees in Coimbatore.

The AICPA charges a number of fees for the Uniform CPA exam, which includes the Application Fee, Examination Fee, Registration Fee, Ethics Fee, US CPA Licensing Fee, and Continuing Professional Education (CPE) for the US CPA Exam. The fee break-up in each case has been summarized below for your reference.

Application Fees 

Depending upon the state, the Application Fee in India ranges from approx. Rs. 3,600 to Rs. 14,500.

Examination Fee 

The Examination Fee is taken separately for each section of the exam. The Examination Fee for each section is approximately Rs. 14,100. If you wish to reschedule an exam, an extra charge of $250 is applicable per part of the exam.

Registration Fee

There are different options for paying the Registration Fee. If someone decides to take one exam at a time, he has to pay a Registration Fee for each section of the exam. If someone decides to club one or more exams at a time, they are eligible for some discounts on the Registration Fee. However, in such cases, an NTS (Notice to Schedule) is issued, which is valid for six months, within which the candidates have to complete the exams that they have selected; otherwise, NTS will not be valid.

The options available to pay the Registration Fee are given as follows:

  • One exam at a time: Rs. 4600
  • Two exams at a time: Rs. 5900
  • Three exams at a time: Rs. 7200
  • All exams clubbed together: Rs. 12900

Ethics Fee

It is an optional fee that is required to be paid depending on the state and is around Rs. 11000- Rs. 15000.

US CPA Licensing Fee

The US CPA Licensing Fee is to be paid to maintain the US CPA License every year. The US CPA Licensing Fee is approximately $50-$500, depending on the state of practice.

Continuing Professional Education (CPE) for US CPA Exam

This is also an optional fee for candidates who demand an extra 40 hours of updated education every year so as to stay updated according to the industry norms. This fee can range from $800-$5000.

However, when you enroll in CPA coaching in Coimbatore, you become eligible to get bundle discounts on the exam fee. Aside from numerous perks and benefits that come alongside CPA coaching in Coimbatore, such as exam guidance, study material, and doubt-clearing classes from expert CPA faculty. Now that we have summed up everything for you, you have to make a plan and take the right steps toward becoming a successful Certified Professional Accountant.

FAQs

1. How much does US CPA cost in India?

The total certification expenses of the CPA USA are around 3-3.2 lakhs in India. However, if you choose the US CPA coaching in Coimbatore, which is an official learning partner of the AICPA, you may get some discounts on the fees.

2. Is the CPA exam hard?

There are four sections in the US CPA exam that need to be completed within 18 months of registering. It is safe to say that there is pressure in completing the exam, but it can be properly managed with the help of top US CPA coaching in Coimbatore, such as NorthStar Academy

3. How many people pass all 4 CPA exams on the first try?

The passing rate of students taking the CPA exam is 83% from NorthStar Academy. If you enroll with NorthStar Academy, you can also be one of the successful candidates clearing all four CPA USA exams on the first attempt.

4. Which degree is best for CPA?

Candidates who have a degree in a field related to Finance and Accounting, or in general, are from a commerce background and are best suited for the US CPA certification.

Conclusion

Deciding to pursue a professional certification can take a lot of information digging and knowing what is right for you. The US CPA certification is perfect for a booming career in Accounting and Finance. With the help of the CPA License, you can find exclusive job roles in many of the top MNCs.

Now, clear the US CPA exam in just one attempt by enrolling in a US CPA coaching in Coimbatore that will get you the right guidance! The best US CPA coaching in Tamil Nadu, NorthStar Academy provides well-rounded US CPA exam preparation. 

You can get expert guidance and thorough support to prepare for the US CPA certification exam at NSA. They provide a streamlined US CPA certification course for candidates aspiring to make careers in Accountancy. You can avail yourself of the Bundle discounts on the US CPA Exam fee. To aid in your preparation, NSA provides thoroughly researched, well-written, detailed study material, in association with Gleim, for the US CPA exam.

Contact us or call +918147470707 to get the counselling you need regarding the CPA USA course.

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