Ride in the Bandwagon of CPA Exam Now in India

Author : Rahil Kumar | Published On : 20 Jul 2021

Prepare to a become US CPA

During these unprecedented times of the global pandemic which is affecting lives worldwide and greying the professional loop. Let not your career dreams slow down with the economic situation. Upskill and move ahead with US CPA EXAM NOW IN INDIA creating new avenues of work opportunities in the prevailing conditions.

 

Initiate your CPA journey with the best CPA Exam Guide for you

As businesses across the countries are making critical operational decisions because of closures and other adjustments, they’re turning to CPAs to help guide them with forecasting, cash flow analysis, revenue, and more.

 

After a successful pilot testing of the US CPA exam in India during 2020, the American Institute of Certified Public Accountants (AICPA) and the National Association of State Boards of Accountancy (NASBA) have decided to switch to continuous CPA Exam testing in India from January 1, 2021.

 

The AICPA administers the CPA exam and to become a licensed US CPA, a candidate must pass all 4 sections of the CPA exam within 18 months and score a minimum of 75 in each section. The duration of each exam is 4 hours with 15 minutes of break.

 

The 4 CPA exam sections are namely-

Auditing and Attestation (AUD): The Audit and attestation (AUD) section of the Uniform CPA Examination revolves around the auditing standards and procedures. This section covers the knowledge and skills required when performing the audits and attestation engagements for issuer and non-issuer entities, preparation, compilation, and review engagements for non-issuer entities, and reviews of interim financial information for issuer entities. With the new updates infused into the curriculum.

Content Areas

  • Ethics, Professional Responsibilities, and General Principles
  • Assessing Risk and Developing a Planned Response
  • Performing Further Procedures and Obtaining Evidence
  • Forming Conclusions and Reporting

The Audit and Attestation (AUD) section consists of:

  • 50% Multiple Choice Questions (MCQs)
  • 50% of Task-Based Simulations.

 

Financial Accounting and Reporting (FAR): The Financial Accounting and Reporting (FAR) section of the Uniform CPA Examination assesses the knowledge and skills that a newly licensed CPA must demonstrate in the financial accounting and reporting frameworks used by business entities (public and non-public), not-for-profit entities, and state and local government entities.

 

Content Areas

  • Conceptual Framework, Standard-Setting, and Financial Reporting
  • Select Financial Statement Accounts
  • Select Transactions
  • State and Local Governments

The Financial Accounting and Reporting (FAR) consists of:

  • 50% Multiple Choice Questions (MCQs)
  • 50% of Task-Based Simulations

 

Business Environment and Concepts (BEC): The Business Environment and Concepts (BEC) section of the Uniform CPA Examination tests knowledge and skills that a newly licensed CPA must demonstrate when performing audit attest, accounting and review services, financial reporting, tax preparation, and other professional responsibilities in their role as certified public accountants. This Exam parts has witnessed a humongous change in the curriculum, here is where you need to decide to choose the best CPA Exam study guide for your successful CPA journey.

Content Areas

  • Corporate Governance
  • Economic Concepts and Analysis
  • Financial Management
  • Information Technology
  • Operations Management

The Business Environment and Concepts (BEC) section consists of:

  • 50% Multiple Choice Questions (MCQs).
  • 35% of Task-Based Simulations.
  • 15 % Written Communication (WCT).

 

Regulation (REG): The Regulation (REG) section of the Uniform CPA Examination (the Exam) tests the knowledge and skills that a newly licensed CPA must demonstrate concerning US federal taxation, US ethics, and professional responsibilities related to tax practice, and US business law.

Content Area

  • Ethics, Professional Responsibilities, and Federal Tax Procedures
  • Business Law
  • Federal Taxation of Property Transactions
  • Federal Taxation of Individuals
  • Federal Taxation of Entities

The Regulation (REG) section consists

  • 50% Multiple Choice Questions (MCQs)
  • 50% of Task-Based Simulations.

 

The US CPA Exam is a test of discipline

A systematic and disciplined approach is mandatory to undertake the US CPA Exam. Planning and scheduling will surely leave you some wiggle opportunities for social activities, but it is essential to devote most of your time towards preparation.

 

Creating the Perfect Study Plan

Whether an aspirant is working or just preparing for the US CPA exam, one should ask their provider to create the best exam study plan schedule so that they can easily balance their career and family.

If one is working and wants to prepare for the CPA exam, an instructor could be a great alternative to help in covering the areas which are usually left by the aspirant in the working profession. As an example, for the internal auditor, the auditing test will look relatable to the problems of everyday work.

While one might be a leader in audit, they but may face struggle with remembering tax concepts. And this is where an instructor will help turn those weaknesses into strengths so a US CPA license is within reach.

Many aspirants make the mistake of saying that - "They will study after work or" or “They will get it done on the weekend” procrastination is not the correct approach. One must list out all of their daily activities and stick to the schedule. Being consistent & diligent is the key to successfully preparing for the US CPA Exam.

 

Prepare for your Exam-Study the Exam Blueprint and use all available Exam resources and study tools to prepare with the help of our live classes and Surgent’s adaptive learning software which is tailored-made, suitably fit in to cater to individual needs of learning.

  • Take your Exam-Pass all four Exam sections within 18 months (score a minimum of 75 on each section)
  • Testing Availability: Testing is available year-round, and scores are released on a rolling basis.
  • Apply for your license - Generally one must have 150 credit hours of education with a concentration in accounting. This includes a minimum of one year of experience (approximately 2,000 hours) verified by a licensed CPA. Experience can include accounting, attest, auditing or tax.

 

Pass the US CPA Exam faster than anyone

As we’ve upgraded the preparation strategy of how aspirants prepare for the US CPA Exam. With Surgent's AI technology-based program and software, you’ll master difficult accounting exam topics on a more profound level so that you can truly understand the CPA Exam Study Materials, ensuring you surpass, not just on the US CPA exam, but exceeding your career with the gained wide knowledge and experience.

So, what are you waiting for? Are you ready? Engage in your study and master the subject concepts with proven studying methods that are revolutionizing US CPA Exam preparation. Hope the above-cited information will help plan for your CPA journey in India.