CPA Course in Maharashtra - Syllabus, fees, and duration.
Admin 29 Dec, 2023 Introduction to US CPA course - Certified Public Accountant
Planning ahead for a successful career will always be beneficial to you in the long term, regardless of whether you recently graduated from high school or your B.Com. Students studying commerce who are searching for profitable and fulfilling professions have career options in accounting. US CPA, offered by the official accounting body - the American Institute of CPAs (AICPA), may be the best option if you wish to obtain a globally recognized accounting certification. The US Certified Public Accountant (CPA) is a highly sought-after certification program in which the candidate is regarded as adept in finance, accounting, taxation, auditing, and other vital accounting topics.
Some benefits of becoming a qualified CPA professional include high-income packages, positions at the highest levels of accounting, and constant career progression. Several large US companies with offices in India are hiring US CPAs. Therefore, enrolling in a CPA course in Maharashtra would be a terrific career choice, but it would take diligent practice, devotion, and preparation. The CPA USA exam syllabus may be learned and mastered with the help of the best coaching institute in Maharashtra, where you can receive excellent quality US CPA training in Maharashtra.
US CPA Course Institute in Maharashtra - Northstar Academy
If you are seeking the top CPA coaching in Maharashtra, you do not have to go far. NorthStar Academy (NSA) provides an excellent learning route and an in-depth grasp of concepts in all essential topics. If somebody wants to pursue CPA, it is strongly recommended that they join NSA since it would be beneficial.
Highlights of CPA
- For the purpose of offering the US CPA Course, NorthStar Academy is a premier learning partner of BPP Learning Media and the official training partner of AICPA.
- Exclusively designed course to meet the needs of a working professional.
- Mobile and Desktop applications are available, so you can avail of online and recorded classes both.
- Complete the US CPA course package that includes - Transcript evaluation, Cpa Licensing, and also 100% placement.
So, without any second thought, NSA would be your choice for the CPA course in Maharashtra.
Eligibility of US CPA
AICPA membership is required before you can sit for the CPA USA test (American Institute of CPAs). Candidates for the CPA exam must hold a graduate degree, be intermediate CAs, or be B.Com graduates.
For the license, 150 credits are needed, whereas 120 credits are needed to qualify as a candidate for the US CPA. The two degrees that are most often needed in India to be eligible for US CPAs are the M.Com and B.Com degrees. For a candidate to be qualified for the CPA certification, they must have a minimum of 2,000 hours of professional experience in an accounting-related field.
The following is a concise explanation of the requirements for the CPA course in Maharashtra:
For the CPA Exam Graduation + 1 year of Post Graduation (120 credits)
For the CPA License Graduation + Post Graduation (150 credits)
Registration and Evaluation
The evaluation process can assist in determining whether or not you are eligible to enroll as a CPA USA in a certain region based on the CPA prerequisites, such as academic credentials and CPA certification exam results. During the test, your local academic transcripts or mark sheets will be assessed and translated so that an assessor can understand them. You may begin the registration process once the evaluation is completed.
- The first step in the registration process is to give all pertinent details about your accounting training and qualification.
- Following that, you will receive the Notice to Schedule (NTS).
- You may now schedule your exam on a day that suits you best on the Prometric website.
If you fulfill the above-mentioned CPA Requirements, you will be eligible for the CPA exam. Next, we will discuss the syllabus for the CPA course in Maharashtra.
Syllabus Overview of US CPA
The CPA Exam Syllabus is divided into four sections, which are given below. Each component has its own syllabus and exam in which you must be competent.
- Auditing and Attestation (AUD)
- Regulation (REG)
- Financial Accounting and Reporting (FAR)
- Business Environment and Concepts (BEC)
Check out the CPA Syllabus ahead of time to familiarize yourself with the themes and ideas that will be covered as part of the CPA course in Maharashtra.
Auditing and Attestation (AUD)
| Content Area | Topic | Allocation |
| Area 1 | Ethics, Professional Responsibilities, and General Principles | 15-25% |
| Area 2 | Assessing Risk and Developing a Planned Response | 25-35% |
| Area 3 | Performing Further Procedures and Obtaining Evidence | 30-40% |
| Area 4 | Forming Conclusions and Reporting | 10-20% |
Regulation (REG)
| Content Area | Topic | Allocation |
| Area 1 | Ethics, Professional Responsibilities, and Federal Tax Procedures | 10-20% |
| Area 2 | Business Law | 10-20% |
| Area 3 | Federal Taxation of Property Transactions 1 | 12-22% |
| Area 4 | Federal Taxation of Individuals | 15-25% |
| Area 5 | Federal Taxation of Entities | 28-38% |
Financial Accounting and Reporting (FAR)
| Content Area | Topic | Allocation |
| Area 1 | Conceptual Framework, Standard-Setting, and Financial Reporting | 25-35% |
| Area 2 | Select Financial Statement Accounts | 30-40% |
| Area 3 | Select Transactions | 20-30% |
| Area 4 | State and Local Governments | 5-15% |
Business Environment and Concepts (BEC)
| Content Area | Topic | Allocation |
| Area 1 | Enterprise Risk Management, Internal Controls, and Business Processes | 20-30% |
| Area 2 | Economics | 10-20% |
| Area 3 | Financial Management | 10-20% |
| Area 4 | Information Technology | 15-25% |
| Area 5 | Operations Management | 15-25% |
CPA Exam Pattern
The exam for the CPA course in Maharashtra is divided into four sections, each of which takes 14 hours to complete.
| Exam Type | Time | Type of Question |
| Auditing and Attestation | 4 hrs | 72 MCQs and 8 task-based simulations |
| Business Environment and Concepts | 4 hrs | 62 MCQs, 4 task-based simulations, and 3 written communications tasks |
| Financial Accounting and Reporting | 4 hrs | 6 MCQs and 8 task-based simulations |
| Regulation | 4 hrs | 76 MCQs and 8 task-based simulations |
Fee Structure for CPA course in Maharashtra
Application Fee - The fee for submitting an application varies by state and is between $50 and $200. (about between Rs 3,600 and Rs 14,500 in India)
Exam Fee - Each section is around $193.45. (about Rs. 14,100).
Registration Fee - To save overall expenditures, one can submit one application for all segments along with a registration fee rather than individual applications for each segment. You must schedule and appear for all four sections within the following six months if you register for all four portions at once; otherwise, the Notice to Schedule (NTS) will no longer be valid. The following expenses are associated with taking the CPA exam:
- When you consider each part separately - approx. Rs. 4,600
- If you take two parts at once - approx. Rs. 5,900
- When you take three parts at once - approx. Rs. 7,200
- If you take four parts at once - approx. Rs. 12,900
Ethics Fee - A license can only be obtained in some states after passing an ethics test and the regular CPA test. The cost of the ethics test ranges from $150 to $200. (Rs. 10,900 and 14,500).
CPA License Fee - The cost of a license varies by state and ranges from $50 to $500 a year for candidates who pass both the ethics exam and the regular CPA exam.
CPA salary and Job opportunities
After completing the CPA course in Maharashtra and meeting all CPA requirements, you will be eligible to work in similar jobs as a Chartered Accountant in India. Your eligibility for some of the most profitable job alternatives with good development and rising compensation potential is increased by your possession of US CPA certification. You may begin a career in accounting after earning your US CPA credential.
Both Indian and US firms with offices in India offer high-paying opportunities. These companies have been observed actively employing staff with credentials in accounting from throughout the world, including US CPAs. The Big 4 (KPMG, PwC, Deloitte, and EY), who are some of the most well-known accounting and financial businesses, are among the employers seeking US CPAs. You can pursue a career as a US CPA in the following fields:
- Accounting & Auditing Firm
- Investment banking
- Credit agencies
- Hedge Fund
- Commercial banks
- Private equity firms
- Insurance firms
- Mutual funds
- Merger & Acquisition
- Central banks
With the assistance of the US CPA License, you may secure a lucrative position in your selected work function inside the world's greatest MNCs that require financial and accounting services. Among these positions are:
- Public Accountant
- Forensic Accounting
- Budget analyst
- Internal audit
- Tax examiner
- Staff-Financial Accounting & Reporting
- Staff-Tax Accounting
- Business systems analyst
Salary - Another advantage of earning this certification is the increased compensation potential for job holders. After finishing the CPA course in Maharashtra, an Entry Level or Fresher CPA earns around 6 lakh rupees per year or approximately 50,000 rupees per month. In urban cities such as Mumbai, Bangalore, and Delhi, the average annual earnings may rise to 13.8 lakhs. It depends on the firm you work for. If you work for one of the Big 4 MNCs, your certified CPA salary might range between 12.5 and 23 lakhs per year.
With expertise comes a big increase in income. The wage is frequently largely determined by your qualifications and experience. As a result, your pay grows as you take on more responsibilities. Many people desire to enroll in short courses in addition to getting work experience to boost their pay as they go up the corporate ladder. In conclusion, a US CPA continuously raises their level of knowledge, which results in higher financial rewards.
Now that we've summarized everything for you, you must create a plan to join a CPA course in Maharashtra and follow the necessary measures to become a successful Certified Professional Accountant.
FAQs
1. What is the CPA course fee in Pune?
The four sections of the US CPA certification exam typically cost around USD 1,200 in Pune (95,000 INR). But it can vary depending on the test's duration and the number of parts you take. The typical cost of a CPA course in Maharashtra is around USD 1,500 when exam expenses, application fees, and licensing fees are taken into account (1,20,00 INR).
2. Is CPA more difficult than CA?
Both tests are difficult. They shouldn't be compared because they are distinct from one another. The CPA test lasts for 12 months, but the CA exam lasts for 35 years. Your preparation is the only factor that will determine how simple or tough the exam is. CA appears challenging in terms of the number of papers, but CA is primarily rote memorization oriented, and anyone with a strong memory can pass with minimal effort, whereas CPA is more application-focused and analytical in nature. To prepare for the CPA course in Maharashtra, students can join the best coaching center. These examinations cannot be compared because they are both equally challenging.
3. What is the minimum score to pass the CPA?
You need a score of at least 75 to pass the CPA Exam section. The test is graded on a scale of 0 to 99 for each section. To pass a section, candidates must receive a score of 75. It's necessary to remember that a grade of C+ or a percentage of 75% does not equate to a passing mark. To pass the CPA course in Maharashtra, you must obtain a minimum of 75 points.
4. Which CPA Exam is the easiest?
Since BEC has the greatest pass rate on the CPA exam, it is regarded as the easiest section. The AICPA states that one reason BEC is higher is that it is the component that is most frequently taken last, providing students with more practice taking tests after taking previous sections. To pass the four sections of the CPA course in Maharashtra on your first attempt, you should look for good coaching.
5. What happens if I fail the CPA Exam?
If you do not pass the CPA Test, you will be notified. In this study, your productivity will be split down by item type and across all topic categories. Candidates must wait at least 24 hours after obtaining their result before retaking the Exam, according to the CPA course in Maharashtra standards. The NTS is valid for one testing event or until each Exam segment's expiration date, whichever comes first. If you just failed a part of the CPA test and can retake it within the next month or two and achieve at least a 50 or higher. If your Exam has already begun at the testing location, you will not be able to reapply and sit in the same window. In such circumstances, the updated NTS will go into effect during the following testing window.
6. How many times can you take the US CPA Exam?
There is no set number of chances that one has to take for the CPA exam. You can retake the CPA USA exam as many times as you want until you pass. The 18-month window is the time allowed to pass for sections of the CPA exam. One thing you should keep in mind is that you are not permitted to take the same part more than once throughout one testing window.
Conclusion
Now that we've covered everything there is to know about the CPA course in Maharashtra certification; you can pick how you want to prepare for the test and become a certified professional. Enroll in US CPA online classes in Maharashtra @Northstar Academy for the finest preparation for the US CPA test. You will benefit from experienced assistance from CPA Course Mentors @Northstar Academy, such as Mr. M. Irfat, in order to pass the CPA USA certification test and become a registered accounting practitioner.
You may read the CPA s from some of our students below to discover more about the caliber of the CPA USA course.
By Abhilasha Kulkarni - Northstar Academy is the best place to join for professional commerce courses and a great place for an abundance of knowledge. They have an NSA Android and IOS application where one can access recorded classes and class tests. With AI telling us the report of each test. Would recommend NSA 10/10 for professional courses.
By Terril Mathew - Classes are very helpful in understanding the concept and question-solving techniques compared to self-study. We will get motivated to complete the course with tips and support from facilitator M. Irfat Sir. Even the NSA team has supported me on each and every level of my journey here at Northstar Academy.
So, if you want to become a CPA and obtain the highest-paying accounting positions in the world, submit an application for our US CPA Course in Maharashtra. Contact us at +918147470707 if you need help or have any questions.