Choose a Designation to reach the Pinnacle of Glory in your Career with US CPA

Author : Rahil Kumar | Published On : 14 Jul 2021

One of the highest credential professional designation in the accounting and financial industry is the Certified Public Accountant (CPAs) of the United States of America. A US Certified Public Accountant is a certification offered by the American Institute of Certified Public Accountants (AICPA), to build competency in the field of Accountancy. A CPA is considered a trusted financial advisor who helps individuals, businesses, and other organizations reach their financial goals.

A US CPA certification is a professional recognition largely beneficial for all Commerce Graduates, CA, CS, MBA, and Financial Advisors and semi-qualified as well. Many finances and accounting professionals also pursue CPA courses to gain career ascent, by fulfilling three criteria of Education, Exam, and Experience.

 

Educational Eligibility

To pursue US CPA certification, the candidate must possess a Post Graduate degree; preferably from the Commerce stream i.e. M.COM, MBA Finance, and PG Diploma, etc.

 There are some states that accept B.Com with CA from ICAI as well. However, the exact criteria for the same vary from state to state in the United States of America where a candidate would like to enroll.

 

The Uniform US CPA Exam

The CPA exam is considered to be the highest bar in its own right. The CPA Exam is administrated by the American Institute of Certified Public Accountants (AICPA) - the governing body of CPAs in the United States of America which is the largest member association of accountants in the world.

The 16-hour computer-based exam consists of MCQs, task-based simulations, and written communications to assess a candidate’s skill and knowledge to gain the coveted designation of CPA through the following four papers:

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

A candidate is required to pass all 4 parts of the exam within an 18-month passing rolling window.

 

Experience Requirement

In order to earn the US CPA license, a candidate must complete 150 hours of study followed by 1-2 years of work experience focussing on accounting, auditing, or finance under an experienced CPA that many states require.

To earn the US CPA designation, aspirants must pass all four sections of the CPA exam, gain appropriate work experience, expertise, and meet some supplementary educational requirements like an online Ethics exam for some states.

 

US CPA cost in India

Historically, a US CPA aspirant had to bear additional expenses of traveling and accommodation, since the US CPA exams were held in the US and Dubai only earlier than the year 2020. But, now the exam testing has continuously started in INDIA which is indeed a relief for all the US CPA aspirants as they can save on a lot of expenses as well.

The 8 Prometric Centres across India are:

  • Delhi
  • Hyderabad
  • Trivandrum
  • Mumbai
  • Bangalore
  • Chennai
  • Ahmedabad
  • Kolkata

 

CPA Course Fees in India

It starts with the evaluation of credentials fee which is approximately USD 225 paid to NASBA International Evaluation Services. This evaluation stays in place for future references. Pertinent to note is that this fee is not recurring in nature until a candidate acquires a professional certification post the evaluation which is required for licensure purposes.

Next follows, a one-time registration fee with the chosen state board of accountancy that is USD 100.

The exam testing fee is approximately USD 565 per exam.

These are CPA Course Fees in India to be paid for the testing. The above-mentioned costs are only the base cost excluding training material and Learning Management Software.

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