Exploring CPA US: Costs and Curriculum

Introduction

The Certified Public Accountant (CPA) exam is a reputable qualification that opens many career opportunities in finance and accounting. In 1887, 31 accountants created the American Association of Public Accountants (AAPA) to define moral standards for the accounting industry and U.S. auditing standards for local, state, and federal governments, private companies, and nonprofits. It was renamed several times over the years, and later the organization has been known as the American Institute of Certified Public Accountants (AICPA) since 1957. 

The first CPAs received licenses in 1896. The AICPA delivers the resources required to obtain the license. You will be pleased to be a part of the most prestigious group of Public Accountants. CPA certifications open many employment prospects in the world, they have several job opportunities in accounting, corporate accounting, and the government sector. CPA license applicants can also progress into jobs such as Controllers or Chief Financial Officers (CFOs).

“It’s your present, not your past that designs your future; it is your attitude, not your aptitude that determines your success; and it is your intrinsic value, not your face value that defines you.” – VIPUL MITTAL, CPA

Why Certified Public Accountant?

A career in finance and accounting with CPA credentials will surely demonstrate to be exceptionally rewarding in terms of boosted credibility, opportunities, and pay; 
  • Global Credibility: CPAs are provided with global recognition with US CPA and many international opportunities.
  • Demand: CPAs are needed everywhere and valued for their skills and profession. They are highly demanded in the Big 4 and MNCs.
  • Indispensable: Only CPAs are proficient in audits in US companies.
  • Salary: CPAs always get a better salary and even freshers earn a high salary of INR 600,000+ in India.
Key Takeaways
  • A CPA is expected to meet the requirements such as education, work, and examination requirements- must have a Bachelor’s degree in Finance, accounting, and business administration and accomplish 150 hours of credit hours.
  • CPA includes other requirements of having two or more years of Public Accounting experience and upholding the Uniform CPA Exam.
  • CPAs chiefly hold numerous stances in public and corporate accounting, and executive positions like- (CFO)  Chief Executive Officer or Controller.

CPA Career Prospects

CPAs have global recognition which provides them with the best workplace and higher salary of about 40-50% compared to other accounting professionals. Opting CPA provides a wide range of opportunities to choose from, either, public accounting, corporate accounting, or government service. CPAs can also choose executive positions like:
  • Public Accountant 
  • Corporate Accountant
  • Forensic Accountant 
  • Financial Analyst 
  • Compliance Auditor
  • Tax Accountant                                        
  • Cost Accountant
  • Accounting Professor
  • Chief Financial Officer (CFO)
Certificate Public Accountants generally get to work with financial statements and other related transactions of the organization like filing tax forms, returns, and auditing with individuals or companies.  Public Accountants require a person who can provide tax-related services to the firm and for this, a CPA designation is required.

CPA Eligibility Criteria

Every country has different eligibility criteria for CPA. To become eligible for the CPA exam, students should have any of the below qualifications: The minimum education qualification to take the CPA exam is that the person should have a bachelor's degree with 150 credit points in Finance, Accounting, and Commerce, and two years of relevant work experience in this field. 
The CPA course designation is specific to the country in which the exam is taken, though it is a well-known program that is offered in many countries around the world. Global comparability tests are also given, allowing CPAs to operate in countries other than those for which they were certified.

CPA Exam Syllabus

The CPA course consists of three main subjects and three optional subjects where candidates have to have expertise in one of the optional subjects with the three main papers. In total, candidates will write four subjects.

            Main Subjects: 

  • Auditing and Attestation (AUD)
  • Financial Accounting and Reporting (FAR)
  • Regulation (REG)

           Optional Subjects:

  • Business Analysis and Reporting (BAR)
  • Information Systems and Controls (ISC)
  • Tax Compliance and Planning (TCP)
The candidates will have four hours to write the CPA exam for each section and they are taken individually so the candidates have the freedom to choose in any order they wish to write the exam! The earlier time limit for passing all four subjects was 18 months, but it was difficult for people who were working and studying simultaneously so NASBA bought a new implementation in time limit which is now extended to 30 months so that candidates can study and write exams at their ease.

Benefits of Pursuing CPA

  • Increased opportunity: A certified CPA gets a bucket full of opportunities to work on and develop skills and expertise.
  • Higher salary: As CPAs are highly demanded, this makes their salary rise according to their experience and expertise.
  • Future job stability: As technology changes, a CPA can work with changing environments provide updated information, and work with the organization for the long term having job stability.
  • A well-respected credential: A CPA is recognized globally, both within the accounting world as well as outside the accounting world. And it gives a sort of honor to present your profession in front of friends, family, and colleagues.
  • Career development: A CPA certified has ample opportunities for growth and development in every aspect of their career.

Best CPA Academy in India 

Pursuing the CPA certification requires constant effort and commitment. But don't know which academy to choose? NorthStar Academy (NSA) is right here to help you get the best guidance and certification. At NSA, we are certified cadets, and taking guidance from the best mentors like Mr. M. Irfat sir will be the right person to shape your career path! NSA provides guaranteed placements, updated study materials, easy access to the LMS dashboard, online sessions, and webinars from experts in the field. We provide a 24/7 support system and cadet recognition throughout India to make your CPA course experience easy.

Conclusion

To summarize, acquiring the CPA license allows us to be recognized globally. Candidates need to prepare hard for the exams, because of the new extension of the exam time to 30 months candidates who are working simultaneously have some time to prepare and write the exam with ease. CPAs can work in any domain in the accounting and finance field in the whole world. Choosing an institution like NorthStar Academy gives valuable support to the students to pass the exam on their first attempt.

FAQ’s

  1. Who are the top recruiters hiring CPA professionals?
    The top recruiters hiring CPA professionals are- Delloite, Accenture, American Express, Philips, PWC, Capgemini, Barclays, Tata Power, KPMG, Genpact, JP Morgan, EY, WNS, and MetLife.
  2. Can I do CPA after the 12th? 
    No, 12th-grade students are not eligible for CPA. students must have a bachelor's degree in finance and accounting field.

  3. What is the difference between CPA US  and UK Australia? 
    CPA USA is a globally accepted certification as most of the companies are based in the US. CPA UK is only recognized in the UK, The majority of countries have their own accounting qualifications, such as CPA Canada, CPA Australia, and so on.

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